Fertilizer Additives Market: Research Report - A Latest Research Report to Share Market Insights and Dynamics
Market Overview:
Fertilizer additives are supplemented
with fertilizers in order to enhance its functionality. The increasing demand
for agricultural products coupled with the high demand for essential nutrients
and superior quality fertilizers has uplifted the demand for the fertilizer
additives. These additives are used as an anti-foaming, anti-caking,
de-dusting, and hydrophobic agents.
Market Forecast:
The global fertilizer
additives market is growing due to increasing
population coupled with increasing demand for food. In addition to the
increasing population, growing demand for food, increase in the crop
production, soil efficiency, and high-quality yield is expected to drive the
fertilizer additives market. Additionally, increasing awareness regarding
fertilizer additives has raised the bar for quality, which, in turn, has
increased the market share of fertilizer additives globally. Mass market
penetration is leading to the introduction of new products based out of
fertilizer additives and their retail across various regions.
Moreover, increasing demand for
agricultural additives for crop productivity is projected to drive the growth
of the global fertilizer additives market. The market players are responding to
these new opportunities by expanding their product lines, which has boosted the
share of the fertilizer additives in the global market. The global fertilizer
additives market is expected to grow at a CAGR of 2.9% during the forecast period,
2017-2023.
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Downstream analysis:
The global fertilizer additives
market is segmented into type, form, and function.
On the basis of the type, it is
segmented into ammonium nitrate, ammonium sulfate, mono-ammonium phosphate,
di-ammonium phosphate, triple superphosphate, urea, and others. Among all, the
urea fertilizer additives segment is dominating the market.
On the basis of the form, it is
segmented into powder, granular, prilled, and others. The powdered segment is
dominating the market.
On the basis of the function, the
fertilizer additives market is segmented into anti-foaming agent, anti-caking
agents, corrosion inhibitors, hydrophobic agent, de-dusting agent, and others.
Among all the functions, the anti-caking segment is dominating the market.
Competitive analysis:
The major players in the fertilizer
additives market
- 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)
Regional Analysis:
The global fertilizer additives
market is segmented into North America, Europe, Asia Pacific, and rest of the
world (RoW). The Asia Pacific region is dominating the fertilizer additives
market followed by North America owing to rising population followed by
increasing consumption of agricultural products in the developing regions.
Moreover, agriculture is the key business in India, which is anticipated to
drive the fertilizer additives market over the forecast period.
Furthermore, the U.S. dominates the
North American fertilizer additives market owing to increasing consumer
awareness and growing demand for fruits, vegetables, cereals, pulses, and other
crops, which is anticipated to boost the growth of the fertilizer additives
market during the review period.
NOTE: Our Team of Researchers are
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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Market Research Future (part of Wantstats Research
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