North America Phosphatic Fertilizers Market is Expected to Reach $4,434.8 million in 2018 – New Report by MicroMarket Monitor

(PRWEB) August 10, 2014

The North American Phosphatic Fertilizers Market report defines and segments the phosphatic fertilizers market in North America with analysis and forecast of revenue. The phosphatic fertilizers market in North America is estimated to grow from around $4,300.8 million in 2013 to $4,434.8 million by 2018, at a CAGR of 0.6% from 2013 to 2018.

Despite the rising costs of engaging in business, the strong demand and rising farm profits in North America have given the phosphatic fertilizers market enough support to boost the previously lagging spring and summer fertilizer-buying numbers. There has been an increasing thrust on the use of fertilizers for producing bio-fuels. The U.S., and later Canada, recently succeeded in producing shale gas, thereby replacing it for natural gas that was commonly used for various production processes. This has brought down the cost of production.

The lowered energy prices, as an input for production, has made the fertilizers affordable to many section of farmers, as a result of which, there is an increase in the demand for phosphate fertilizers. The most preferred phosphatic fertilizer in the North American region is mono ammonium phosphate. The U.S. is the major market, having acquired 71.1% of the total market in 2013. Mexico is the emerging region in the North American phosphatic fertilizer market.

This market is segmented and forecast on the basis of types of phosphatic fertilizers, such as diammonium phosphate, monoammonium phosphate, and superphosphate, among others. It is also segmented on the basis of application, such as grains & cereals, and fruits & vegetables, among others. The market is further segmented and forecast on the basis of major countries, such as the U.S., Mexico, and Canada.

This report also includes the market share, supply chain and value chain analyses, and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in the market.

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