According to the latest report by IMARC Group, titled “ Global Fertilizer Additives Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027; the global fertilizer additives market reached a value of US$ 2.88 Billion in 2021. Fertilizer additives widely include ingredients used to improve the productivity of fertilizers. They offer anti-caking coatings for preserving the granular nature of fertilizers and providing water resistance. Fertilizer additives also assist in preventing the formation of lumps and the loss of essential nutrients, including nitrogen, potassium, phosphorus, sulfur, etc. Owing to this, they are widely utilized in the agriculture sector.
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The escalating risks of food shortages, on account of the expanding global population and the elevating urbanization levels, are primarily driving the fertilizer additives market. Moreover, the growing awareness regarding the soil deterioration caused by traditional agricultural practices and the declining arable land are further catalyzing the market growth. Besides this, fertilizer additives are being increasingly utilized as corrosion inhibitors and anti-dusting and hygroscopic agents to limit the loss of micro and macronutrients and improve soil productivity, which is acting as another significant growth-inducing factor. Additionally, the accelerating product demand in the transportation and storage of fertilizers to prevent moisture from affecting them in humid climatic conditions is augmenting the global market. Apart from this, the rising environmental concerns, owing to high greenhouse gas (GHG) emissions, are leading to the launch of numerous awareness programs to encourage the use of novel value-added fertilizers. This, in turn, is anticipated to fuel the fertilizer additives market over the forecasted period. Looking forward, IMARC Group expects the market to reach US$ 3.36 Billion by 2027, exhibiting at a CAGR of 2.54% during 2022-2027.
- Amit Trading Ltd
- ArrMaz (Arkema S.A.)
- BASF SE
- Clariant AG
- Corteva Inc.
- Dorf-Ketal Chemicals India Private Limited
- Holland Novochem B.V.
- Hubei Forbon Technology Co Ltd,
- KAO Corporation
- Michelman Inc.
- Solvay S.A.
- Tolsa SA.
Key Market Segmentation:
Breakup by Function:
- Dust Control Agent
- Anticaking Agent
- Antifoaming Agent
- Hydrophobing Agent
- Corrosion Inhibitor
Breakup by Form:
Breakup by Application:
- Monoammonium Phosphate
- Triple Super Phosphate
- Diammonium Phosphate
- Ammonium Nitrate
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
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