Triple Superphosphate Market - Forecast(2020 - 2025)
Triple Superphosphate Market is forecast to reach around $15 billion by 2025, after growing at a CAGR of 5.5% during 2020-2025. Triple superphosphate typically contains 44–46% of diphosphorus pentoxide (P 2 O 5 ) and are produced by reacting phosphoric acid with phosphate rocks. Increasing population and surging food demand impel the farmers to use triple superphosphate for higher crop productivity. Decreasing agricultural landmass and adoption of new farming methods has accelerated the growth of the market. In addition, use of triple superphosphate for early germination of seeds and exclusively as a fertilizer material also augments the growth of the market. Report Coverage The report: “Triple Superphosphate Market – Forecast (2020-2025)” , by IndustryARC, covers an in-depth analysis of the following segments of the Triple Superphosphate Market. By Form: Powder, Granular, and Others. By Crop Type: Grains & Cereals, Oilseeds, Fruits and...