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The Latin American phosphatic fertilizers market is predicted to grow at a CAGR of 1.9%from 2013 to 2018. The market was dominated by Brazil, and is estimated to capture a market share of 76.0%by 2018.The increased use of bio-fuels has encouraged farmers to increase their farm produce for crops like sugarcane, which is used for obtaining ethanol. This has resulted in the rise in the demand for fertilizers. The favorable environmental conditions and abundant agriculturall and has led to a considerable increase in the demand for agricultural fertilizers in the Latin American market.
Phosphatic fertilizers are essential for plants that lack the adequate levels of phosphorus, which is indicated by graying of leaves and stunted plant growth. Phosphorus is essential nutrient for plant growth, as it helps in photosynthesis and cell division, in addition to enhancing the ability of plants to use sugars & starches. Commercial phosphatic fertilizers are manufactured from rock salt and are classified into four basic types, rock phosphates, superphosphates, ammonium phosphates or polyphosphates. Phosphatic fertilizers are usually used for plants that are phosphorous deficient or have lost the ability to utilize the phosphorus available to them, due to varying pH levels in the soil.
Segmentation of the Phosphatic Fertilizers market is doneon the basis of type, application, and country. On the basis of type the market is further classified as diammonium phosphate, monoammonium phosphate and super phosphate.Superphosphate fertilizeris the most widely used phosphatic fertilizer in the Latin American phosphatic fertilizers market. Key competitors in the Latin American phosphatic fertilizers market are PhosAgro (Russia),The Mosaic Company Inc. (U.S.), and Yara International ASA (Norway), among others.
Reasons to Buy the Report:
From an insight perspective, this research report has focused on various levels of analysis—industry analysis, comparison with the parent market, market share analysis of top players, demand side analysis, vendor side analysis and company profiles, which together comprises and discuss the basic views on the market dynamics, competitive landscape, usage patterns, emerging- and high-growth segments of the Latin American phosphatic fertilizers market, high-growth regions and countries and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater market, share. Firms purchasing the report could use any one or combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market share.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on Latin American phosphatic fertilizers market offered by the top players in the market
- Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the Latin American Phosphatic Fertilizers market
- Market Development: Comprehensive information about lucrative emerging markets
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Latin American phosphatic fertilizers market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the Latin American phosphatic fertilizers market