04-Oct-2022 | Facts and Factors
According to Facts and Factors, the global fertilizer additives market was worth USD 3,189.40 million in 2021 and is estimated to grow to USD 4,012.38 million by 2028, with a compound annual growth rate (CAGR) of approximately 3.90% over the forecast period. The report analyzes the fertilizer additives market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the fertilizer additives market.
Chemical additives known as fertilizer additives are added to fertilizers like urea, ammonium nitrate, calcium ammonium nitrate, and others to enhance quality and stability. Additionally, they prevent the loss of nutrients from the soil and give the fertilizer anti-caking and anti-foaming capabilities. Additionally, there is a greater need to boost agricultural output due to the rising demand for high-quality fertilizers and critical nutrients.
Browse the full “Fertilizer Additives Market Size, Share, Growth Analysis Report By Form (Granular, Prilled, Powdered), By Type (Anti-caking Agents, Antifoam Agents, Dust Control Coatings, Coloring Agents, Granulation Aids, Corrosion Inhibitors, Hydrophobic Additive, Others), By Application (Urea, Diammonium Phosphate, Ammonium Nitrate, Triple Superphosphate, Monoammonium Phosphate, Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/fertilizer-additives-market
The demand is anticipated to be driven by the fertilizer industry's strong expansion, population increase, and dwindling per-person arable land. The product's capacity to stop the loss of important nutrients like phosphorus, sulfur, potassium, and nitrogen is anticipated to boost the global fertilizer additive market growth over the projection period. As the need for yield improvement has grown, many fertilizer formulations have been developed that include a special blend of fertilizer additives to impart the appropriate qualities depending on the climate, soil type, and crop type in each region. This trend and usual consumption patterns significantly boost the global market for fertilizer additives. The demand for fertilizer additives highly depends on fertilizer consumption in the agrochemical industry. Therefore, these factors are expected to drive the fertilizer additives market during the forecast period.
The global fertilizer additives market has been segmented by shape, type, application, and region. Based on shape, the market is segmented into granules, pellets, and powders. In 2021, the granular segment was the largest revenue-generating segment. Based on type, the market is segmented into anti-caking agents, anti-foam agents, anti-dust coatings, colorants, granulation aids, corrosion inhibitors, hydrophobic additives, and others. In 2021, the anti-caking agent segment was the largest revenue generator. Based on application, the global fertilizer additives market is segmented into urea, diammonium phosphate, ammonium nitrate, triple superphosphate, monoammonium phosphate, and others. In 2021, the urea segment was the largest revenue generator.
The global fertilizer additives market is segmented into geographical regions: North America, Latin America, Europe, Asia-Pacific, the Middle East & Africa. In 2021, the Asia-Pacific region led the market. Additional demand will be fueled by the expanding agriculture sector in emerging markets like China and India. In countries like India, China, Bangladesh, and Sri Lanka, agriculture is the largest industry and a significant factor in determining GDP. As a result of population expansion, there is less land available for agriculture, placing more strain on farmers and the amount of available land. Due to these considerations, the market for additives is expanding due to rising fertilizer demand.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 3,189.40 Million |
Projected Market Size in 2028 |
USD 4,012.38 Million |
CAGR Growth Rate |
3.90% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
ArrMaz Products Inc., CHEMIPOL S.A., Clariant AG, Emulchem, KAO Corporation, LignoStar, Michelman Inc., Novochem Group, Solvay, Tolsa SA., and others. |
Key Segment |
By Form, Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Key global fertilizer additives market players include ArrMaz Products Inc., CHEMIPOL S.A., Clariant AG, Emulchem, KAO Corporation, LignoStar, Michelman Inc., Novochem Group, Solvay, and Tolsa SA.
Recent Development:
- April 2020: BASF has introduced a new urease inhibitor called "Limus Clear," which can be used with liquid fertilizer (UAN) to minimize nitrogen loss and promote optimal nitrogen availability to the plants.
Global Fertilizer Additives Market is segmented as follows:
By Form
- Granular
- Prilled
- Powdered
By Type
- Anti-caking Agents
- Antifoam Agents
- Dust Control Coatings
- Coloring Agents
- Granulation Aids
- Corrosion Inhibitors
- Hydrophobic Additive
- Others
By Application
- Urea
- Diammonium Phosphate
- Ammonium Nitrate
- Triple Superphosphate
- Monoammonium Phosphate
- Others
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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