South Korea Phosphate Rocks Market Size, Share, and COVID-19 Impact Analysis, By Application (Fertilizers, Food & Feed Additives, and Industrial), and South Korea Phosphate Rocks Market Insights, Industry Trend, Forecasts to 2035

South Korea Phosphate Rocks Market Insights Forecasts to 2035

• The South Korea Phosphate Rocks Market Size Was Estimated at USD 808 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 3.16% from 2025 to 2035
• The South Korea Phosphate Rocks Market Size is Expected to Reach USD 1,138 Million by 2035

According to a research report published by Spherical Insights and Consulting, The South Korea Phosphate Rocks Market Size is anticipated to reach USD 1,138 Million by 2035, growing at a CAGR of 3.16% from 2025 to 2035. Over the projection period, rising fertilizer demand is expected to increase demand for phosphate rock. The demand for grains and cereals is predicted to increase in the upcoming years due to the expanding global population and the expanding food sector.

Market Overview

The trade and interchange of phosphate rock, a sedimentary rock that is abundant in phosphate minerals, is referred to as the "phosphate rock market." It is mostly utilized as a raw material to make phosphoric acid, which is necessary to make fertilizers, supplements for animal feed, and a number of other consumer and industrial goods. To meet the rising demand for food in a world population that is growing at an accelerated rate, phosphate fertilizers are essential for optimizing agricultural yields. Applying phosphate rock can enhance soil fertility and general soil quality, which will help ensure agricultural sustainability over the long run. To maintain environmental preservation and sustainable resource management, governments control the extraction and processing of phosphate rock. To guarantee the efficacy and safety of agricultural inputs, governments set quality requirements for fertilizers and phosphate rock.

Report Coverage

This research report categorizes the market for South Korea phosphate rocks market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea phosphate rocks market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment South Korea phosphate rocks market.

Driving Factors        

The organic fertilizers, which frequently contain phosphate rock, is derived by the need for sustainable agriculture and the increased awareness of organic farming methods. The demand for phosphate rock is increased by its usage in a variety of industrial processes, including metallurgy, detergent chemicals, and animal feed. Market expansion is also influenced by government programs that promote eco-friendly materials and sustainable practices, particularly in North America and Europe. The need for high-nutrient animal feed, which frequently incorporates phosphate rock, is fueled by the rising demand for premium meat and dairy products.

Restraining Factors

Long-term environmental hazards can arise from phosphate fertilizers' contribution to soil contamination, especially when heavy metals like cadmium are present. High-grade phosphate sources, which have higher phosphorus contents, are getting harder to find, extraction is becoming less effective and more costly. Phosphate supplies are under more stress due to the world's expanding population and rising demand for food, particularly meat.

Market Segmentation

The South Korea Phosphate Rocks Market share is classified into application.

• The fertilizers segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea phosphate rocks market is segmented by application into fertilizers, food & feed additives, and industrial. Among these, the fertilizers segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is attributable to the country's growing emphasis on agricultural efficiency and food production.  Growing population pressures, government backing for modern farming, and the critical role of phosphate in crop nutrition are all significant drivers of the segment's sustained expansion.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea phosphate rocks market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Sunjinchem Co. Ltd.
• Sam Won Trading Co.
• Bio Resource International Co.
• Nousbo
• Zheng Xin Co. Ltd.
• Poinix Inc.
• Junil TNF Co. Ltd.
• Sampyo Resources Development
• Young Poong Corporation
• Namhae Chemical Corporation
• KG Chemical Co., Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea phosphate rocks market based on the below-mentioned segments:

 South Korea Phosphate Rocks Market, By Application

• Fertilizers
• Food & Feed Additives
• Industrial