Phosphorus Ore Market Report 2025

The phosphorus ore market size has grown steadily in recent years. It will grow from $16.44 billion in 2024 to $17.2 billion in 2025 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to rising demand for phosphate fertilizers, expansion of agriculture and food production, increasing phosphate mining activities, government policies supporting fertilizer subsidies, and growing use of phosphorus in animal feed.

The phosphorus ore market size is expected to see strong growth in the next few years. It will grow to $22.09 billion in 2029 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 population driving food security concerns, expanding use of phosphorus in industrial applications, and growing emphasis on circular economy and phosphorus recycling. Major trends in the forecast period include improved extraction techniques, advanced processing technologies, sustainable mining practices, precision fertilizer formulation, innovative nutrient recovery methods, automation of production processes, and enhanced environmental compliance.

The forecast of 6.5% growth over the next five years reflects a modest reduction of 0.2% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. Tariffs on phosphorus ore may increase fertilizer costs, impacting agricultural productivity and food security concerns. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

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 players in the phosphorus ore market are Nutrien Ltd., CF Industries Holdings Inc., PhosAgro, Hubei Xingfa Chemicals Group Co. Ltd., Yuntianhua Group Co. Ltd., Hubei Yihua Chemical Co. Ltd., The Jordan Phosphate Mines Company (JPMC), Guizhou Chanhen Chemical Corporation, Anhui Sierte Fertilizer Industry Co. Ltd., OCP Group, Surya Min Chem Private Limited, J.R. Simplot Company, First Phosphate Corp., The XRF Company, Ratnadeep Chemicals, AB'S Industries, Oracle Chemicals Pvt. Ltd., Ma’aden, Misr Phosphate Company, Central & Western (India) Chemicals.

Asia-Pacific was the largest region in the phosphorus ore market in 2024. The regions covered in phosphorus ore report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the phosphorus ore market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, 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.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the ensuing trade tensions in spring 2025 are heavily affecting the mining sector, especially in areas such as equipment acquisition, export flows, and supply chain stability. Increased tariffs on imported heavy machinery, drilling tools, and specialized parts have driven up both capital and operational expenditures, leading to delays in project development and reduced production efficiency. Simultaneously, retaliatory tariffs from major trading partners have diminished global demand for U.S. sourced minerals particularly critical resources like lithium, copper, and rare earth elements intensifying revenue challenges. These impacts are hitting mid-sized and niche mining companies the hardest due to their reliance on international markets. In response, the industry is focusing on building domestic equipment supply chains, scaling up mineral recycling programs, and lobbying for tariff relief to regain competitiveness and safeguard long-term resource availability.

The phosphorus ore market research report is one of a series of new reports that provides phosphorus ore market statistics, including the phosphorus ore industry global market size, regional shares, competitors with the phosphorus ore market share, detailed phosphorus ore market segments, market trends, and opportunities, and any further data you may need to thrive in the phosphorus ore industry. This phosphorus ore market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Phosphorus ore is a naturally occurring mineral deposit containing phosphorus in concentrations suitable for economical extraction. The most common form is phosphate rock, primarily composed of phosphate-bearing minerals. Phosphorus ores are predominantly used in the production of fertilizers, animal feed supplements, and various industrial chemicals.

The main types of phosphorus ore include carbonate fluorapatite, fluorapatite, chlorapatite, hydroxyapatite, and carbonate apatite. Carbonate fluorapatite is a type of phosphate mineral in which carbonate ions partially replace phosphate ions, commonly found in sedimentary rocks and essential in fertilizer manufacturing. These ores are processed using methods such as crushing, grinding, flotation, and other techniques for use in multiple applications, including fertilizers, animal feed, industrial chemicals, food additives, and more.

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.

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