Monoammonium Phosphate Market Size, Share, Growth, and Industry Analysis, By Type (Food Grade, Pharma Grade, Fertilizer Grade, Industrial Grade), By Application (Food & Beverage, Pharmaceutical, Health & Personal Care, Agriculture/Animal Feed/Poultry), and Regional Forecast to 020332

MONOAMMONIUM PHOSPHATE MARKET OVERVIEW

The Global Monoammonium Phosphate Market size was USD 280.64 million in 2024 and is projected to touch USD 513.93 million by 2032, exhibiting a CAGR of 6.3% during the forecast period.

The MAP market is an essential part of the fertilizer market, especially given that it provides high amounts of nutrients and generally stimulates the growth of plants. MAP is a widely used source of phosphorus with ammonium and phosphate, thus enabling it to contribute to the increase in productivity of agricultural fields. The increase in population and consumption of meat, along with the shift in the technological practices across the farming industry, are some of the key factors that have helped in the growth of the MAP market. Besides, there has been a constant demand for MAP due to increasing demand for soil improvement as well as increasing the yield of crops. Consequently, the market of active Asian packaged organometallic compounds (MAP) is gradually growing and has the highest potential in developed and developing countries.

GLOBAL CRISES IMPACTING MONOAMMONIUM PHOSPHATE MARKET - COVID-19 IMPACT

"Monoammonium Phosphate Industry Had a Negative Effect Due to Supply Disruption during COVID-19 Pandemic"

The Global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

COVID-19 lowered the demand and affected the supply chain for the monoammonium phosphate (MAP) market. Established in China, a key manufacturer, production capacity dropped to 20-30% in Hubei Province when the virus was initially announced, thus disrupting the supply chain largely. As for the printed version of MAP, China’s output of this format reduced by 11.33% in January 2024 as compared to that of the previous month. It made the global supply of MAP limited, reducing the supply of fertilizers for farmers from other countries, thus posing a challenge due to high prices. They also posit the makeup of the MAP market to disturbances that are applicable to the global markets, especially in health-related issues of an unfavourable market disposition towards the supply of this product.

LATEST TREND

"AI and technology drive market growth through efficient production"

Moreover, factors such as precision farming, sustainable farming, and technological innovations in the manufacturing of MAP fertilizer are some of the key factors that are driving the growth of the MAP market. A trend that can be highlighted is the use of artificial intelligence (AI) in MAP production, which increases efficiency of production, increases quality assurance, and increases market analysis. The use of artificial intelligence deals with wasted resources by working quickly and efficiently in cutting costs of production while delivering quality products. Technology is revolutionizing the maple agriculture processing industry with regard to efficiency and new requirements of the new age.

MONOAMMONIUM PHOSPHATE MARKET SEGMENTATION

By Type

Based on Type, the global market can be categorized into Food Grade, Pharma Grade, Fertilizer Grade, Industrial Grade

• Food Grade Monoammonium Phosphate: Monoammonium Food-grade phosphate is applied in food products as a useful ingredient and in the food preservation process. It is used as a buffer agent as well as in the process of manufacturing certain processed food products. This grade of MAP should also be safe to use and pure as set out by regulatory bodies such as the FDA. It is usually incorporated into the food and beverage industry, mainly involved in processed cheese making and as an ingredient in some of the leavening agents. This is because the food processing industries and the consumers are in high demand for more MAP for food preservation.

• Pharma Grade Monoammonium Phosphate: This non-hygroscopic anhydrous pharma-grade monoammonium phosphate is used in the formulation of many of the pharma products and some injectable preparations. It is almost always of high purity and must be in compliance with the governmental requirements for a particular medical use. This grade is used in the preparation of salt solutions and is occasionally used for medical purposes for a certain medical condition. MAP application plays an important role in formulation to maintain stability and solubility of the API in the pharmaceutical industry. Indeed, there are increasing and globalized pressures on health consciousness, and the global pharma market continues to expand the need for pharma-grade MAP.

• Fertilizer Grade Monoammonium Phosphate: MAP fertilizers: The fertilizer grade maps are another type of phosphate fertilizer that supplies a sufficient amount of phosphorus and nitrogen. It is important to mention that it is useful for the improvement of the soil and stimulating the growth of the plants, traditional and commercial ones such as corn, wheat, and rice, respectively. The MAP fertilizer grade is very important in the agricultural industry since it helps to improve the yield and fertility of soil. It should be noted that the world is requiring more food every day to feed its growing population; hence, this grade is in high demand in both the developed and the developing countries. Fertilizer-grade MAP is often regarded as a leading option for farmers that are in search of efficient fertilizers.

• Industrial-Grade Monoammonium Phosphate: Monoammonium Phosphate Industrial-grade manufactured products are extensively used in non-agricultural fields such as frame restraint, water softening, phosphatizing of metals, and so on. It has uses in the production of flame-retarded products in construction and manufacturing as a flame-retarding agent. This grade of MAP is also used in the manufacturing of some chemicals and as a reagent in particular industrial operations. Therefore, the need for industrial-grade MAP is a result of increasing industries in fire safety and materials performance. As a result, the usage of MAP in an MO application in those industrial sectors increases as those sectors evolve.

By Application

Based on Application, the global market can be categorized into Food & Beverage, Pharmaceutical, Health & Personal Care, Agriculture/Animal Feed/Poultry

• Food & Beverage: Within the food and beverages sector, monoammonium phosphate (MAP) serves as a preservative as well as an agent that helps to adjust the pH of a number of processed foods as well as improve the texture. Another is emulsification, which is very crucial in the synthesis of cheese to provide it with a definite texture. MAP also finds its application in baking as a raising agent and in some forms of thrash preparations. This food-grade coating makes it possible for it to meet the required standards as set by the responsible authorities. Thus, higher levels of processed and convenience foods contribute to the advancement of MAP in this category.

• Pharmaceutical: In the pharmaceutical industry, MAP is used in the formulation of some injectable medications as well as saline solutions. It is considered to have a high chemical purity so that the stability of active products and proper solubility in medical treatments are guaranteed. MAP is used in the creation of sterile environments and regulation of pH in scenarios that require medical use. The increased health care needs in the pharmaceutical industry prompt the demand for high-quality MAP. It has widely been applied to formulate various drugs in order to deliver the treatments effectively.

• Health & Personal Care: In the health and personal care industry, MAP is used in the preparation of some of these skincare and cosmetics. It is especially useful in lotions, creams, and shampoos because of its capacity to regulate pH levels. MAP is also found in other personal care products to help to stabilize some of the products and to prolong shelf life. This sector has improved the use of MAP in cosmetics and personal care products since its demand is high. This is particularly due to its function of offering the so-called ‘soft and balanced’ solutions that are appreciated in this field.

• Agriculture/Animal Feed/Poultry: MAP is commonly used in agriculture; its most consumption is used in the fertility of fields as a fertilizer. This fertilizer is high in phosphorus and nitrogen, making it perfect for use in enhancing crop production, especially grains such as wheat, rice, and corn. In animal feed, MAP plays a vital role in supplementing the necessary nutrients that are important to the growth of the livestock’s health. Thirdly, it helps in the enhancement of the quality of eggs and meat for poultry farming. In light of this, the need to participate in feeding the world through agriculture and animal feeds is hugely underlined by the fact that food security is becoming a growing concern across the world.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.                          

Driving Factor

"Rising food demand boosts market growth through increased productivity"

The world’s population continues to grow, and the food intake per capita increases, leading to the development of the Monoammonium Phosphate (MAP) market. Whenever more and more people require food that is healthy and nutritious, there is certainly a great demand on the agricultural field, and to meet that demand, there is a need for the use of some products like MAP. MAP increases the yields since it supplies plants with phosphorus and nitrogen, the two crucial elements in the growth process. Owing to the efforts made by farmers in improving the fertility of the soils and increasing productivity, MAP is used to support food production. This trend is most apparent when it comes to the developing countries since they rely on the agricultural sector since it is the only means of feeding the ever-growing populations.

"Technological farming practices drive market growth through efficient productivity"

This has created the need for MAP in regard to precision agriculture, controlled-environment farming, and others. These practices are about efficient resource utilization, productivity, and getting the highest returns on the effort and money that are expended. Such fertilizers as MAP are important in these systems because they accurately deliver the nutrients to the crops, hence improving on the growth of crops and efficiency as compared to other means of fertilizing crops. That’s how it can be concluded that the increased usage of technology by farmers in their everyday work contributes to the growth of the MAP market. This led to an increase in the popularity of MAP due to its focus on the productivity of crops and friendly environment for the coming years resulting Monoammonium Phosphate Market growth.

Restraining Factor

"Environmental concerns and regulations restrain market growth globally"

The use of fertilizers has been known to have an impact on the environment that may limit the growth of the monoammonium phosphate (MAP) market. The common effects of over-irrigation arising from the use of MAP include soil degradation, water pollution, and eutrophication, which are dangerous to the natural environment. As a result, governments all over the world are implementing measures that seek to control the usage of fertilizers and the environment in which they are used. They can also restrict the use of MAP and therefore shrink the size of its market. Thus, the costs are likely to increase for the manufacturers and farmers in the long term, and there are restraints to the market growth.

Opportunity

"Sustainable practices and eco-friendly trends support market growth opportunities"

An emerging trend that has potential for the monoammonium phosphate (MAP) is the increasing concern for environmentally friendly fertilizer. Since farmers and agricultural companies start working more effectively and strive for sustainable production, MAP can become one of the efficient tools because of its effectiveness in nutrient delivery and possibilities to use it optimally. The opportunities for market growth are found in the production of slow-release MAPs, which have a low negative impact on the surrounding environment. New growth opportunities can be identified from the increase in the use of organic farming and environmentally friendly agricultural practices. Overall, these are the key points that can condition the existence of MAP and its ability to meet such new needs and trends that can be associated with the central focus on sustainability.

Challenge

"Raw material price fluctuations threaten market growth and stability"

However, the most crucial threats include fluctuations that affect the cost of raw materials such as phosphate rock and ammonia in the production of monoammonium phosphate (MAP). These materials are necessary in the production of monoammonium phosphate, and thus their cost may be determined by the market forces of demand and supply within the global market, conflict, and other natural resources. Such fluctuations affect and put more pressure on the costs of the MAP since its production will be more costly to both the manufacturers and the farmers. This instability can complicate opportunity for market development and its profitability as it affects the pricing formation and competitiveness. It may also result in production downtimes and cuts in supplies of MAP to such territories.

MONOAMMONIUM PHOSPHATE MARKET REGIONAL INSIGHTS

• North America

"North America's strong agriculture drives market growth and exports"

North America is the largest consumer of MAP owing to its large and developed agriculture industry that uses fertilizers for increasing production. The United States is the leading producer that contributes to this dominance; the value of the MAP exported in 2021 stood at $1.1 billion, and these are part of the North American exportation. This can be explained by the vast production capabilities of the major United States Monoammonium Phosphate Market players, such as The Mosaic Company of the USA, which is enhancing the leadership of the region.

• Europe

"Europe's strategic exports support market growth despite mixed trends"

Getting into more detail, the situation with the MAP supply is quite similar to that of DAP; however, the European countries hold Monoammonium Phosphate Market share such as Poland, Belgium, and Estonia are major exporters. Thus, Polish exporters in 2024 released 155.4 million kg of goods to the European Union, although this figure was reported to have reduced by 10.66% compared to 2022. Concerning the others, the increase in exports was less pronounced for Belgium, standing at 7.09%, and Estonia at 7.01%. Other European countries whose exporters are on the improvement trend are Romania, with a 39.26% improvement, and Finland, with a 517.81% improvement. All of these characteristics speak to Europe ’s position of strategic importance for the MAP market worldwide.

• Asia

"Asia's rising food demand drives market growth and expansion"

The most developed consumers of MAP are in Asia, and reports establish that China and India are the leading producers of MAP. Currently, China is the chief producer of MAP, and India is identified as an important consumer of MAP because the country possesses a large agricultural industry. Therefore, the Asia region is strategic in the growth and expansion of MAP usage as a fertilizer due to the rising demand for food and agricultural productivity.

KEY INDUSTRY PLAYERS

"Key industry players drive market growth through innovation, stability"

The leading market players, such as Mosaic Company, Nutrien Ltd., and Yunnan Tin Company, are highly involved in the production and global supply of monoammonium phosphate (MAP). These firms promote development by emphasizing the proper mix of fertilizers and/or the right practices that result in better yields. Their activities in collaboration, development of new technologies, and funding for research and development play roles in market development. Also, their control of production makes supply constant, subsequently affecting prices and markets globally.

List of Top Monoammonium Phosphate Companies

• Hubei Xingfa Chemicals (China)
• Wanhua Agro-chem (China)
• Shifang Juyuan Chemical (China)
• Shaoxing Marina Biotechnology (China)
• Pacific Chemicals (India)

KEY INDUSTRY DEVELOPMENT

May 2024, MONSANTO-Yuntu Holdings announced that it has started production of industrial-grade MAP from a new chemical production line with an annual output of 350,000 MT. This also improves the company’s capacity to provide fertilizers, flame retardants, and iron phosphate utilizing lithium-ion batteries. Hence the MAP created is suitable for use in agriculture, flame retardant activities, and the manufacture of iron phosphate from the ferrous sulfate process. It is a strategic move that is quite consistent with the operations and objectives of Yuntu Holdings Limited, as it seeks to enhance its location in the phosphorus chemical business and market to fit the demand in agricultural and energy storage sub-sectors. This was announced on May 21, 2024, through an Investor Relations Activity Record Form.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential Applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.