The global fertilizer additives market reached a value of US$ 2.88 billion in 2021. Looking forward, the market is projected to reach US$ 3.36 billion by 2027, exhibiting at a CAGR of 2.54% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Fertilizer additives are ingredients used to stimulate the productivity of fertilizers. They offer anti-caking coatings that preserve the granular nature of fertilizers and provide water resistance. They also aid in preventing the formation of lumps and dust and the loss of essential nutrients, such as nitrogen, phosphorus, potassium, and sulfur. As a result, their demand is escalating around the world.
At present, there is a considerable shortage of food worldwide due to the increasing global population and rapid urbanization. This, coupled with the rising awareness among individuals about soil deterioration caused by conventional agricultural practices and limited arable land, represents one of the major factors positively influencing the sales of fertilizer additives. They are increasingly being utilized as corrosion inhibitors, anti-dusting, and hygroscopic agents due to their ability to inhibit the loss of macro and micronutrients and improve the productivity of the soil. Moreover, they are employed during the transportation and storage of fertilizers to prevent moisture caused by humid climatic conditions. Furthermore, due to the growing environmental concerns caused by greenhouse gas (GHG) emissions, governing agencies of numerous countries are taking several initiatives to spread awareness among farmers about the use of novel value-added fertilizers and the benefits of fertilizers additives. They are also extending their support to agriculture by offering grants and subsidies, which in turn, is strengthening the market growth. Some of the other major factors, including the introduction of various technological innovations, an increase in the demand for urea-based fertilizers, a significant rise in the willingness of farmers to spend on improving crop productivity, and the thriving agricultural sector, are anticipated to create a favorable market outlook.
This report provides an analysis of the key trends in each sub-segment of the global fertilizer additives market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on function, form and application.
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and Tolsa SA.
Fertilizer additives are ingredients used to stimulate the productivity of fertilizers. They offer anti-caking coatings that preserve the granular nature of fertilizers and provide water resistance. They also aid in preventing the formation of lumps and dust and the loss of essential nutrients, such as nitrogen, phosphorus, potassium, and sulfur. As a result, their demand is escalating around the world.
Fertilizer Additives Market Trends
At present, there is a considerable shortage of food worldwide due to the increasing global population and rapid urbanization. This, coupled with the rising awareness among individuals about soil deterioration caused by conventional agricultural practices and limited arable land, represents one of the major factors positively influencing the sales of fertilizer additives. They are increasingly being utilized as corrosion inhibitors, anti-dusting, and hygroscopic agents due to their ability to inhibit the loss of macro and micronutrients and improve the productivity of the soil. Moreover, they are employed during the transportation and storage of fertilizers to prevent moisture caused by humid climatic conditions. Furthermore, due to the growing environmental concerns caused by greenhouse gas (GHG) emissions, governing agencies of numerous countries are taking several initiatives to spread awareness among farmers about the use of novel value-added fertilizers and the benefits of fertilizers additives. They are also extending their support to agriculture by offering grants and subsidies, which in turn, is strengthening the market growth. Some of the other major factors, including the introduction of various technological innovations, an increase in the demand for urea-based fertilizers, a significant rise in the willingness of farmers to spend on improving crop productivity, and the thriving agricultural sector, are anticipated to create a favorable market outlook.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global fertilizer additives market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on function, form and application.
Breakup by Function:
- Dust Control Agent
- Anticaking Agent
- Antifoaming Agent
- Hydrophobing Agent
- Corrosion Inhibitor
- Others
Breakup by Form:
- Granular
- Prilled
- Powdered
Breakup by Application:
- Urea
- Monoammonium Phosphate
- Triple Super Phosphate
- Diammonium Phosphate
- Ammonium Nitrate
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and Tolsa SA.
Key Questions Answered in This Report
- How has the global fertilizer additives market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global fertilizer additives market?
- What are the key regional markets?
- What is the breakup of the market based on the function?
- What is the breakup of the market based on the form?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global fertilizer additives market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Fertilizer Additives Market
What is the estimated value of the Global Fertilizer Additives Market?
What is the growth rate of the Global Fertilizer Additives Market?
What is the forecasted size of the Global Fertilizer Additives Market?
Who are the key companies in the Global Fertilizer Additives Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | April 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 2.88 Billion |
| Forecasted Market Value ( USD | $ 3.36 Billion |
| Compound Annual Growth Rate | 2.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Fertilizer Additives Market
6 Market Breakup by Function
7 Market Breakup by Form
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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
Methodology
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