Published On : 2018-08-13
The development as well as application of an incorporated nutrient management method in agriculture of developing regions implies the usage of natural sources of the nutrients and chemical fertilizers such as PRs (phosphate rocks) along with green and animal manures. Fertilizers namely superphosphates have been commonly recommended for the purpose of correcting phosphorous deficiencies.
Nevertheless, most of the developing regions import these fertilizers that are in limited supply as well as signify a major expenditure for the resource-poor farmers. Additionally, strengthening of the agricultural production in such developing regions demands the addition of phosphorous inputs not only for increasing crop production but for improving soil phosphorous status as well. This in turn will help in avoiding further soil degradation. Crop production demands an expansion of the agricultural land and strengthening of the agriculture, resulting towards increasing phosphate fertilizer demand.
Phosphate Rocks for Direct Application in Agriculture
Being natural composites, phosphate rocks can be utilized in organic agriculture. Technological developments have been supporting the improving agronomic effectiveness. More than 80% of the food grade phosphate production across the globe has been utilized for agricultural purposes. Phosphate fertilizers help in ensuring continuously high levels of crop yields. This in turn helps in catering to the demands of food across the globe as well as provides a living for farmers engaging in harvesting and planting the crops. On a major basis, usage of fertilizers are closely connected to the standard economic rationale of the yield maximization.
Phosphate rocks mainly help in maximizing yields, accelerates maturity and increases disease resistance. Phosphate supplemented feed is likely to face a significant growth in demand due to ever-increasing number of meat consumers. Key players and manufacturers in food grade phosphate market are taking immense efforts in developing various food products thereby integrating several functional properties as well. Technological advancements as well as rapidly increasing food industry across the globe since the recent past have been contributing significantly towards the growth of food grade phosphate market on a global basis.
Asia-Pacific to Play a Pivotal Role in Food Grade Phosphate Market
Key players are focusing on expanding their presence across Asia, for which they are entering into mergers and acquisitions as a strategy for entering key regional markets. Sodium phosphate and ammonium phosphate are the essential target produces. Ammonium phosphate additives have been experiencing major demand from the agricultural sector as they have been increasingly utilized in small proportion across animal feed and food products. Sodium phosphate additives will be beneficial for the purpose of leavening and thickening in baked goods. In the Asia-Pacific region, agricultural sector has been majorly contributing towards the growth of the region’s food grade phosphate market.
Apart from all this, retail sector is expected to have a significant impact on the growth of food grade phosphate market across the globe. Increasing well-organized characteristics of retail sectors is resulting in its rising usage across non-food and food consumer products.
In a nutshell, key players and manufacturers are taking immense efforts in developing food grade phosphate products, taking into account health benefits related to it. This in turn will expand the customer-base due to increasing health conscious consumers and rapidly growing needs for functional foods. Diversity in convenience food and ready to eat” food, increasing fortified and mineral enriched food products are factors driving the region’s food grade phosphate market in Asia-Pacific. In addition, demand for foods holding phosphate properties as well as large variety of food display throughout retail formats are promising for growth of the food grade phosphates, particularly in Asia-Pacific.