Increasing demand from agriculture industry coupled with rising food demand is expected to drive global phosphoric fertilizer market growth over the next seven years. Limited natural resources such as arable land are anticipated to fuel demand significantly. Rising consumer awareness regarding fertilizer benefits is expected to fuel market penetration in region such as Asia Pacific and Latin America. Phosphorus fertilizers are widely used as they improve vegetable & fruits quality and enhance maturity. Increasing agricultural exports along with rising frozen & canned food demand is projected to drive market growth over the forecast period. Low phosphorus amount in rock and elevated transportation cost is expected to limit phosphate rock usage and compliment increasing market size.
http://www.grandviewresearch.com/industry-analysis/phosphoric-fertilizer-market
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