Phosphorus Ore Market Report 2026

The phosphorus ore market size has grown strongly in recent years. It will grow from $17.2 billion in 2025 to $18.3 billion in 2026 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to expansion of global fertilizer production, growth of intensive agriculture practices, availability of phosphate mining reserves, increasing use of phosphorus in animal feed, development of mineral processing infrastructure.

The phosphorus ore market size is expected to see strong growth in the next few years. It will grow to $23.55 billion in 2030 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increasing demand for sustainable fertilizers, rising global food production requirements, expansion of industrial chemical applications, growing investments in advanced ore beneficiation, increasing focus on supply security of phosphorus resources. Major trends in the forecast period include increasing demand for high-grade phosphate rock, rising adoption of efficient ore processing techniques, growing focus on resource optimization in mining, expansion of phosphorus supply for fertilizer production, enhanced emphasis on quality control in ore processing.

The growth of the phosphorus ore market is being driven by the expansion of agricultural activities. These activities include crop cultivation, animal breeding, and the harvesting of resources for food, fiber, and various other products. The rise in agricultural activity is largely attributed to the increasing global food demand, spurred by population growth. Phosphorus ore is a key raw material for phosphate fertilizers, which are vital for improving soil fertility and enhancing crop yield. For example, in December 2024, the Food and Agriculture Organization (FAO), a non-profit organization based in Italy, reported that global primary crop production reached 9.9 billion tons in 2023, marking a 3% increase from 2022. Consequently, the expansion of agricultural operations is contributing to the growth of the phosphorus ore market.

Key players in the phosphorus ore industry are concentrating on the development of new products such as low-dust phosphate rock to boost fertilizer performance. Low-dust phosphate rock refers to a type of phosphate ore that either occurs naturally or is processed to release minimal dust during storage, handling, and transport. This innovation reduces product loss, enhances worker safety, and decreases environmental impact. For instance, in February 2025, Misr Phosphate, a mining company based in Egypt, launched low-dust phosphate rock. The company invested in a de-dusting unit at its Abu Tartour mine, which cuts down dust levels by approximately 80% and raises P₂O₅ content by 1.0-1.5%. As of February 2025, Misr Phosphate had already shipped 15,000 tons of the new product to Southern Europe, with more deliveries scheduled for Brazil and Spain. The facility is currently processing 1,000 tons daily, with plans to scale up to 2,000 tons per day by the second quarter of 2025.

In January 2023, OCP Group, a Morocco-based producer of phosphate rock, formed a partnership with the Indian agricultural sector to bolster food security and encourage sustainable farming practices. The collaboration includes joint efforts in research and development, the introduction of innovative fertilization methods, and the production of custom fertilizers tailored to meet the specific needs of Indian farmers. The Indian agricultural sector represents the country's fertilizer industry.

Major companies operating in the phosphorus ore market are OCP Group S.A., The Mosaic Company, Nutrien Ltd., PhosAgro, Jordan Phosphate Mines Company, Ma’aden (Saudi Arabian Mining Company), Misr Phosphate Company, Yunnan Phosphate Group, Guizhou Phosphate Chemical Group, Wengfu Group Company, Kailin Group, Kazphosphate LLC, EuroChem Group AG, Foskor (Pty) Ltd., Centrex Metals (phosphate operations), North West Phosphate Limited, Cominco Resources, Zimbabwe Phosphates Industries Limited, Groupe Chimique Tunisien, Vale S.A. phosphate division.

Asia-Pacific was the largest region in the phosphorus ore market in 2025. The regions covered in the phosphorus ore market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the phosphorus ore market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The phosphorus ore market consists of sales of phosphoric acid, phosphate fertilizers, and food-grade phosphates and biogenic phosphate rock. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.