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Phosphatic fertilizers are a type of plant nutrient formulation that contains phosphorus, an essential element for plant growth and development. Phosphorus is a primary macronutrient required by plants for various physiological processes, including energy transfer, photosynthesis, and the development of strong root systems. These fertilizers provide a concentrated source of phosphorus to the soil, helping to address deficiencies and enhance crop yields.

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Phosphatic Fertilizers Market Size, Growth | Industry Report, 2026
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Phosphatic Fertilizers Market Size, Growth | Industry Report, 2026

The global phosphatic fertilizers market size was USD 62.24 billion in 2018 and is projected to reach USD 83.28 billion by 2026, exhibiting a CAGR of 3.80% during the forecast period.