New Delhi, Aug. 11 -- The global phosphate industry underpins modern agriculture and various industrial applications, with the market valued at $23.2 billion in 2023 and forecast to reach $29.5 billion by 2030. Growth is driven largely by the fertilizer segment, estimated at $61.4 billion in 2025 and projected to hit $101 billion by 2035.

The industry is rapidly embracing innovation to meet sustainability and efficiency goals. Notable global trends encompass:

In India, phosphate demand is accelerating under balanced-nutrient subsidy schemes, making it the fastest-growing national market in 2025. Domestic DAP inventories fell to 1.56 million tonnes by July 2025, prompting major import agreements:

Despite robust growth, the industry face...