Global Triple Super Phosphate
Market Report
2025
The global Triple Super Phosphate market size will be USD 10254.2 million in 2024. Increased Demand for Crop Production is expected to boost sales to USD 15216.0 million by 2031, with a Compound Annual Growth Rate (CAGR) of 5.80% from 2024 to 2031.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Triple Super Phosphate market size will be USD 10254.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.80% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Triple Super Phosphate Market Sales Revenue | 121212 | $ 10254.2 Million | 121212 | 121212 | 121212 | 5.8% |
North America Triple Super Phosphate Market Sales Revenue | 121212 | $ 4101.68 Million | 121212 | 121212 | 121212 | 4% |
Mexico Triple Super Phosphate Market Sales Revenue | 121212 | $ 373.25 Million | 121212 | 121212 | 121212 | 4.5% |
Canada Triple Super Phosphate Market Sales Revenue | 121212 | $ 492.2 Million | 121212 | 121212 | 121212 | 4.8% |
United States Triple Super Phosphate Market Sales Revenue | 121212 | $ 3236.23 Million | 121212 | 121212 | 121212 | 3.8% |
Europe Triple Super Phosphate Market Sales Revenue | 121212 | $ 3076.26 Million | 121212 | 121212 | 121212 | 4.3% |
Spain Triple Super Phosphate Market Sales Revenue | 121212 | $ 252.25 Million | 121212 | 121212 | 121212 | 3.4% |
United Kingdom Triple Super Phosphate Market Sales Revenue | 121212 | $ 516.81 Million | 121212 | 121212 | 121212 | 5.1% |
Russia Triple Super Phosphate Market Sales Revenue | 121212 | $ 476.82 Million | 121212 | 121212 | 121212 | 3.3% |
Italy Triple Super Phosphate Market Sales Revenue | 121212 | $ 264.56 Million | 121212 | 121212 | 121212 | 3.7% |
Germany Triple Super Phosphate Market Sales Revenue | 121212 | $ 609.1 Million | 121212 | 121212 | 121212 | 4.5% |
France Triple Super Phosphate Market Sales Revenue | 121212 | $ 283.02 Million | 121212 | 121212 | 121212 | 3.5% |
Rest of Europe Triple Super Phosphate Market Sales Revenue | 121212 | $ 476.82 Million | 121212 | 121212 | 121212 | 3% |
Asia Pacific Triple Super Phosphate Market Sales Revenue | 121212 | $ 2358.47 Million | 121212 | 121212 | 121212 | 7.8% |
India Triple Super Phosphate Market Sales Revenue | 121212 | $ 1061.31 Million | 121212 | 121212 | 121212 | 7.3% |
Korea Triple Super Phosphate Market Sales Revenue | 121212 | $ 325.47 Million | 121212 | 121212 | 121212 | 6.3% |
Japan Triple Super Phosphate Market Sales Revenue | 121212 | $ 14.9 Million | 121212 | 121212 | 121212 | 9.5% |
China Triple Super Phosphate Market Sales Revenue | 121212 | $ 48.59 Million | 121212 | 121212 | 121212 | 10.5% |
Australia Triple Super Phosphate Market Sales Revenue | 121212 | $ 283.02 Million | 121212 | 121212 | 121212 | 9.6% |
Rest of APAC Triple Super Phosphate Market Sales Revenue | 121212 | $ 122.64 Million | 121212 | 121212 | 121212 | 7.5% |
South America Triple Super Phosphate Market Sales Revenue | 121212 | $ 512.71 Million | 121212 | 121212 | 121212 | 5.2% |
Brazil Triple Super Phosphate Market Sales Revenue | 121212 | $ 219.44 Million | 121212 | 121212 | 121212 | 5.8% |
Chile Triple Super Phosphate Market Sales Revenue | 121212 | $ 36.92 Million | 121212 | 121212 | 121212 | 5.5% |
Peru Triple Super Phosphate Market Sales Revenue | 121212 | $ 42.04 Million | 121212 | 121212 | 121212 | 5.4% |
Colombia Triple Super Phosphate Market Sales Revenue | 121212 | $ 45.63 Million | 121212 | 121212 | 121212 | 5% |
Argentina Triple Super Phosphate Market Sales Revenue | 121212 | $ 86.14 Million | 121212 | 121212 | 121212 | 6.1% |
Rest of South America Triple Super Phosphate Market Sales Revenue | 121212 | $ 82.55 Million | 121212 | 121212 | 121212 | 4.3% |
Middle East and Africa Triple Super Phosphate Market Sales Revenue | 121212 | $ 205.08 Million | 121212 | 121212 | 121212 | 5.5% |
Egypt Triple Super Phosphate Market Sales Revenue | 121212 | $ 21.53 Million | 121212 | 121212 | 121212 | 5.8% |
Turkey Triple Super Phosphate Market Sales Revenue | 121212 | $ 17.64 Million | 121212 | 121212 | 121212 | 5% |
Rest of MEA Triple Super Phosphate Market Sales Revenue | 121212 | $ 24.2 Million | 121212 | 121212 | 121212 | 4.5% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Form |
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Market Split by Crop type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Market Trends:
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Report scope is customizable as we have a huge database of Triple Super Phosphate industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Triple Super Phosphate Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Triple superphosphate is typically 44-46% diphosphorus pentoxide (P2O5) and is formed by reacting phosphoric acid with phosphate minerals. Farmers are increasingly using triple superphosphate to increase crop output due to rising population and food demand. The decrease in agricultural landmass and the implementation of innovative farming practices have boosted market expansion. Furthermore, the usage of triple superphosphate for seed germination and as a fertilizer ingredient boosts market growth.
The increasing demand for crop output is likely to drive future expansion in the phosphate fertilizer market. The increasing demand for crop production refers to the growing necessity to develop and harvest crops in order to meet expanding global food demands. Phosphate fertilizer is widely used in agricultural production to feed plants with necessary minerals, particularly phosphorus. It improves crop quality while also increasing pest and disease resistance. For instance, in December 2022, the Food and Agriculture body (FAO), a US-based government body, reported that global production of primary crop commodities reached 9.5 billion metric tons in 2021, up 2% from 2020.
TSP has an important influence on the quality of cereal, vegetable, fruit, and oil-bearing crop production. TSP also mitigates the harmful effects of one-sided nitrogen fertilizer. In addition, triple superphosphate is a highly concentrated phosphate fertilizer that encourages plant root growth, resulting in thicker, stronger, and healthier roots. Phosphate is an essential nutrient that serves as a structural component of plant compounds as well as a catalytic agent in the conversion of various crucial biological events. The growing usage of triple superphosphate to increase plant tolerance to freezing and drought is expected to assist market growth. Triple superphosphate fertilizers are considerably less expensive than conventional phosphate-based fertilizers, which helps to drive market expansion.
The structure and operation of the global phosphorus fertilizer market have been constantly shifting as a result of the lack of market and free trade regulations governing phosphate rock supply and demand. To manage and supervise them, the government uses regulations and state-owned company strategies. The market and supply of phosphate rock are suffering as a result of greater government involvement in reaction to significant changes in the global phosphorus fertilizer industry. Increasing awareness of inefficient phosphate usage and loss, particularly in light of urbanization, the P2O5 grade of phosphorus, and cadmium pollution due to its negative effects on human health and the environment, are just a few of the issues affecting the phosphate fertilizer market.
The pandemic of COVID-19 has affected the TSP market on multiple fronts, bringing along supply chain and production disruptions. Lockdown measures, at various points in the pandemic, had resulted in part or full-time closure of manufacturing facilities due to fears of health and safety. It, therefore reduced the supply of TSP. Movement restrictions have further compounded the problems, making delivery to farmers in farming areas complicated. On the demand side, even when the agricultural sector was declared essential, farmers faced shortages in labor and reduced accessibility to markets; these lower levels of accessibility have limited their purchasing decisions. Still, because food production will continue to be a priority, long-term demand for TSP is expected to recover as agricultural activities normalize.
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The TSP market competitive landscape is dominated by some of the main players that rely heavily on controlling the industry with large market shares. These companies use leverage in terms of pricing and availability, while keeping up with investments in innovation and technology related to increasing production processes. This will be impacted by regional dynamics, which appear to vary demand and supply between regions such as North America, Europe, and Asia-Pacific. Further growth in sustainability has also driven the company to come up with an environmentally friendly product that will encompass a competitive advantage in an increasingly commercialist market that illustrates an emphasis on sustainable agriculture.
In May 2022, Coromandel International, a fertilizer manufacturer, intends to buy a 45% stake in Baobab Mining and Chemicals Corporation (BMCC), a Senegalese rock phosphate mining company, for $19.6 million (roughly $150 crore). (Source: https://www.coromandel.biz/press-release/coromandel-to-acquire-45-equity-stake-in-senegal-headquartered-bmcc-for-inr-225-cr/) In February 2022, EuroChem Group (hereafter referred to as "EuroChem" or "the Group"), a renowned worldwide fertilizer company, recently announced that it has finalized the acquisition of the Serra do Salitre phosphate project in Brazil. (Source: https://www.eurochemgroup.com/media-announcements/eurochem-completes-acquisition-of-serra-do-salitre-phosphate-project/) In December 2020, Yara International ASA purchased Tata Chemicals' Urea business in India, including a phosphate fertilizer factory. The acquisition aims to boost Yara's position in the Indian market while also increasing its phosphate fertilizer production capacity. (Source: https://economictimes.indiatimes.com/industry/indl-goods/svs/chem-/-fertilisers/tata-chemicals-completes-sale-of-urea-business-to-yara-fertilisers/articleshow/62471234.cms?from=mdr)
Top Companies Market Share in Triple Super Phosphate Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America currently dominates the Triple Super Phosphates market, and the region is expected to have significant growth during the projected period. This is because of the increased need for food in the region.
Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). This is due to the increased demand for food goods like rice and vegetables from import-dependent countries in the Asia Pacific area, as well as the growing food output
The current report Scope analyzes Triple Super Phosphate Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Triple Super Phosphate market size was estimated at USD 10254.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 4101.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.
According to Cognitive Market Research, the global Triple Super Phosphate market size was estimated at USD 10254.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 3076.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031.
According to Cognitive Market Research, the global Triple Super Phosphate market size was estimated at USD 10254.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 2358.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.8% from 2024 to 2031.
According to Cognitive Market Research, the global Triple Super Phosphate market size was estimated at USD 10254.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 512.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
According to Cognitive Market Research, the global Triple Super Phosphate market size was estimated at USD 10254.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 205.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031..
Global Triple Super Phosphate Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Triple Super Phosphate Industry growth. Triple Super Phosphate market has been segmented with the help of its Form, Crop type Application, and others. Triple Super Phosphate market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, Granular Triple Super Phosphate (TSP) is the leading sector in the TSP market, owing to its ease of handling and application, making it popular among farmers. The granular form provides for a slow and consistent release of nutrients, which promotes longer crop growth and increases nutrient uptake efficiency. Its uniform particle size promotes even distribution during application, reducing the possibility of over-fertilization.
Powder form is the fastest expanding sector in the triple superphosphate market over the projection period. Powdered triple superphosphate is easier to store and carry than granular form since the particles are smaller. Furthermore, powdered triple superphosphate dissolves easily in water to create (-H2PO4), making it readily available for usage by plants. Furthermore, the usage of triple superphosphate for plants promotes the growth of the root system of young plants, which increases demand for powdered triple superphosphates.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Triple Super Phosphate Industry. Request a Free Sample PDF!
According to Cognitive Market Research, Grains & Cereals, the largest sector, encompasses the essence of global sustenance, including staple crops such as wheat, rice, and corn, which serve as the foundation of many meals. Phosphate fertilizers are essential in this regard, as they provide the phosphorus required for strong root systems, improved nutrient absorption, and, ultimately, abundant yields. As the globe attempts to feed an ever-increasing population, boosting cereal and grain output is critical.
Fruits and vegetables are the fastest-growing group, reflecting the rising emphasis on healthy eating and dietary diversity. This sector encompasses the bright range of fresh produce that graces our menus, from nutrient-dense greens to delicious fruits. This segment's rapid expansion reflects shifting customer preferences and an increased need for nutritious options. In this context, phosphate fertilizers pave the way for better, more robust crops, nourishing the vivid tapestry of our diets while also supporting agricultural sustainability.
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According to Cognitive Market Research, In 2023, the base fertilization segment will account for the biggest share of the triple superphosphate market. Base fertilization refers to the application of fertilizers to soil prior to crop planting. Phosphorus is a significant nutrient that is not easily mobilized in soil. Thus, applying triple superphosphate after crop plantation causes phosphorus nutrients to remain in the upper layer of the soil rather than reaching the active root zone. Base fertilization is recommended over top dressing because it allows nutrients to penetrate deep into the soil, increasing their availability to the crop.
Seed treatment is one of the fastest-growing segments in the TSP market as more research is being carried out on improving yields while protecting seeds from diseases and pests. Agricultural practice, increasingly adopting seed-treatment methods for enhanced germination rates and early development of plants that contributes to higher productivity, is one of the main factors for this fast growth. TSP used in seed treatments provides essential phosphorus, which is necessary for root growth and overall plant health
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Conclusion
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Form | Powder, Granular, Others |
Crop type | Grains & Cereals, Oilseeds, Fruits and Vegetables, Non-Crop Based, Turf & Ornamental Grass, Plantation Crop, Others s |
Application | Base Fertilization, Top Dressing, Seed Treatment |
List of Competitors | Coromandel International Ltd, CF Industries Holdings Inc, Yara International ASA, Potash Corp of Saskatchewan Inc., OCP Group, Agropolychim AD, Origin Fertilisers Limited, PT Lautan Luas Tbk, ICL, EuroChem Group AG |
This chapter will help you gain GLOBAL Market Analysis of Triple Super Phosphate. Further deep in this chapter, you will be able to review Global Triple Super Phosphate Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Triple Super Phosphate. Further deep in this chapter, you will be able to review North America Triple Super Phosphate Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Triple Super Phosphate. Further deep in this chapter, you will be able to review Europe Triple Super Phosphate Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Triple Super Phosphate. Further deep in this chapter, you will be able to review Asia Pacific Triple Super Phosphate Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Triple Super Phosphate. Further deep in this chapter, you will be able to review South America Triple Super Phosphate Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Triple Super Phosphate. Further deep in this chapter, you will be able to review Middle East and Africa Triple Super Phosphate Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Triple Super Phosphate. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Form Analysis 2019 -2031, will provide market size split by Form. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Form Analysis 2021 - 2033
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Chapter 11 Market Split by Crop type Analysis 2021 - 2033
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Chapter 12 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Triple Super Phosphate market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Powder have a significant impact on Triple Super Phosphate market? |
What are the key factors affecting the Powder and Granular of Triple Super Phosphate Market? |
What is the CAGR/Growth Rate of Grains & Cereals during the forecast period? |
By type, which segment accounted for largest share of the global Triple Super Phosphate Market? |
Which region is expected to dominate the global Triple Super Phosphate Market within the forecast period? |
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