The report of single superphosphate (SSP) market, By Form (Powder and Granules) Application (Horticultural, Agriculture, Pasture and Others) and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach to reach US$ 4.36 Bn by 2027, at a CAGR of 4.2% during a forecast period.
Form segment is expected to grow at the highest CAGR of XX% during the forecast period.
In term of form, granules form of SSP is anticipated to be a major subdivision of the global market during the growing period, as it offers ease of application and upsurge in the acceptance of nutrients into the plant accessible by granular SSP. Furthermore, owing to its form it helps to avoid wastage of powder in the air and hence proposing easy transportation across the globe. The common use of this form is noticeable in oil seeds, fruits, vegetables, paddy, sugarcane, and others and is helping the market growth in terms of value and volume.
The Asia pacific region dominated the Single Superphosphate (SSP) Market in 2019.
Regionally, Asia pacific is expected to witness the noticeable growth during the forecast period since, China is the higher consumer of the single superphosphate (SSP) because of its growing population. sulphur-coated urea is extensively used in the Asia Pacific as the product is full of sulphur and phosphorous content. The promptly increasing population in this region has fuelled the market for single superphosphate (SSP). Furthermore, agriculturists and farmers are using advanced products and specialty fertilizers such as single superphosphate (SSP) to heighten crop yields from the limited farming land available across the Asia Pacific has also contributed for the targeted market growth.
Major Key player’s executing in the global single superphosphate (SSP) Market are Madhya Bharat Agro Products Limited, Potash Corporation of Saskatchewan, CF Industries Holdings Inc, Coromandel International Ltd, Yara International ASA, Kemyan Yanbu for Industry, Jubilant Industries Ltd, The Mosaic Company, PCC Group, Aarti Industries Ltd, Krishna Phos Chem, Bohra Industries Ltd, Phosagro, Eurochem, Richgro, Agrium Inc, Mosaic, OCP, ICL, GNFC
Maximize Market Research, a global market research with a dedicated team of specialists and, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Single Superphosphate (SSP) Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Single Superphosphate (SSP) Market positioning of competitors.
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