Fertilizer Additives Market Research
From 2022 to 2030, the global fertilizer additives market is predicted to grow at a CAGR of 3.90 percent, from $3,170 million in 2022 to $ 4.60 million in 2030. Fertilizer additives are used to boost the productivity of fertilizers. Higher agricultural yields are matched by an increased need for primary nutrients plus high-quality fertilizers, which in turn drives up demand for fertilizer additives. Furthermore, fertilizer additions improve the quality and stability of fertilizers and soil, reduce the loss of nutrients like nitrogen, potassium, phosphorus, and sulphur, and protect the shipping container from corrosion. They also give the fertilizer anti-foaming and anti-caking properties.
The fertilizer additives key market players
- ArrMaz Custom Chemicals, Inc. (U.S.)
- Holland Novochem B.V. (the Netherlands)
- Kao Corporation (Japan)
- Clariant AG (Switzerland)
- Hubei Forbon Technology Co. Ltd. (China)
- Michelman, Inc. (U.S.)
- Filtra Catalysts Chemicals Ltd. (India)
- Chemipol SA (Spain)
- Amit Trading Ltd. (India)
- Tolsa SA (Spain)
The market for fertilizer additives is divided into three categories: shape, type, and function.
It is divided into ammonium nitrate, ammonium sulphate, di-ammonium phosphate, mono-ammonium phosphate, urea, triple superphosphate, and others depending on the kind.
Powder, prilled, granular, and other forms are segmented based on the form. The powdered sector is the market leader. The need for powdered forms has increased due to their ease of storage and handling.
The fertilizer additives market overview is divided into de-dusting agents, anti-foaming agents, corrosion inhibitors, anti-caking agents, hydrophobic agents, and others based on their function. Among all of the functions, the anti-caking sector is leading the market, owing to its rising use to prevent caking during storage and transportation
Europe, North America, Asia Pacific, and the rest of the world make up the global fertilizer additives market (RoW). The market is dominated by the Asia-Pacific region, followed by North America. The market for fertilizer additives in this region is growing due to the rising population, a growing economy, and government support to maximise agriculture production. Furthermore, the Asia Pacific region's growing economies, such as China and India, are expected to expand the fastest in the global fertilizer additives market size during the forecast period.
Furthermore, increased agricultural product needs in North American countries such as Canada, the United States, and Mexico are expected to boost the fertilizer additives market throughout the forecast period. Furthermore, to improve the quality of fertilizer additives, the major key companies are actively participating in research and development.
Additives are in high demand to prevent the loss of important nutrients like phosphorus, nitrogen, potassium, and sulphur. Furthermore, these compounds are used in fertilizer storage and transportation to avoid caking from occurring as a result of changing storage temperatures. Furthermore, these compounds are increasingly used to avoid the creation of lumps in fertilizers during the rainy season when storage temperatures rise and fall. As a result, additives are critical in maintaining fertilizer quality. Furthermore, the increased need for agricultural commodities increases market growth.
Due to improvements in the fertilizer industry and continuous growth in the global economy, the global fertilizer additives market offers a variety of possibilities to market players. Furthermore, dwindling arable land, adoption of new technology in fertilizer production, as well as a rise in farmers' willingness to invest more for improved productivity are all factors that drive up demand for fertilizer additives. Nevertheless, the negative environmental implications of rising chemical fertilizer use are projected to stifle market expansion to some extent.
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