Single Superphosphate (SSP) Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026

Report ID: GMI3563




Summary Methodology

Single Superphosphate (SSP) Market size is anticipated to witness significant gains to 2025 owing to rising demand from agriculture industry as it is an excellent source of three plant nutrients namely phosphate, calcium and Sulphur. With growing industrialization & urbanization mainly in India and China, there is a significant decrease in the arable land. Moreover, deforestation and inappropriate agriculture practices have further reduced the land fertility in these regions. Rapidly growing population in these economies have triggered food demand and therefore there is strong need to improve the crop yield or production. The aforementioned trends will drive SSP demand as it is considered superior due to presence of multiple nutrients and will result in driving the overall single superphosphate market size in the forecast timeframe.
 

China is the largest producer as well as consumer of SSP which is mainly due to the high demand for fruits in the country. This trend will also have a positive influence on the product demand and thus will result in attaining positive gains to the single superphosphate market size in the forecast timeframe. Additionally, SSP is a low-cost source of phosphorus and Sulphur and is therefore widely applicable for pasture production. Beef cattle producers consistently work towards maintaining or improving pasture productivity. Some of the commonly used methods are over seeding, fertilization and improved grazing management. The aforementioned trends will trigger the SSP demand, thereby resulting in driving the overall single superphosphate (SSP) market size in the coming years.
 

Availability of several substitutes in the market, such as NPK fertilizers, sulphur based fertilizers, triple superphosphate, etc. is a key factor which is likely to hamper the overall growth of SSP market size in the forecast timeframe. However, rising demand for multi-nutrient fertilizer will generate ample opportunities for SSP demand in the near future.
 

Based on application, single superphosphate market size is segmented into agriculture, horticulture, pasture production, animal feed and others. SSP is widely applicable in the agriculture industry to promote root formation. It is also used when plants are beginning to bear fruit, as it provides nutrients to boost the fruits production. Furthermore, it is widely applied to boost pasture production as it is rich in phosphorus and Sulphur content. The two primary ingredients in SSP are monocalcium phosphate (MCP) and gypsum and therefore it is also used to enrich the animal feed. Growing trends across agriculture, horticulture and animal feed industry mainly in the emerging economies will have a positive impact on the global SSP demand and is thereby likely to drive the overall single superphosphate (SSP) market size by 2025. For instance, fruits & vegetables account for the 90% of the total horticulture production in India. According to The Department of Agriculture and Co-operation (DAC) of the Ministry of Agriculture, India has witnessed voluminous increase in its horticulture production in the past few years. In 2016-17, the horticulture crops was 295.2 million tons and has increased with 5.4% in the past few years.
 

Asia Pacific SSP market size is likely to propel significantly due to rising need to improve the crop yield/ output to meet the ever increasing food demand in the region. On the other hand, North America will also contribute to the overall SSP demand owing to its demand from fruits, vegetables, cotton and tobacco production. They are predominant in the warm and subtropical zones of the U.S. Also, agriculture in North America’s tropical and subtropical zone is threatened due to monoculture as the soil loses its nutrients. Therefore, the farmers in these areas avoid such instances through the use of fertilizers rich in nutrients. The aforementioned trends are likely to make a noteworthy impact on SSP demand and thus will drive the overall single superphosphate market size in the forecast timeframe.
 

The global single superphosphate (SSP) market is highly consolidated with few players capturing a major chunk of the overall market share. Some of the prominent industry players are Coromandel International Limited, GNFC, ICL, Jubilant Industries Ltd and The Mosaic Company. Other small and medium scale players are Madhya Bharat Agro Products Limited, PCC Group, KEMYAN YANBU FOR INDUSTRY LLC., Aarti Industries Ltd., Krishna Phos Chem and Bohra Industries Ltd.


What Information does this report contain?

Historical data coverage: 2015 to 2019; Growth Projections: 2020 to 2026.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.


Customize this Report

Pre Book Now

Need a Discount? Get in touch with us for special pricing

Request Discount

Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
  • Technology Evolution
  • Innovation & Sustainability

Connect with our sales team

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

GMIPulse, our report store

We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X