Research Nester recently published report titled “Fertilizer Additives Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global fertilizer additives market in terms of market segmentation by type, by function, by form, and by region.
Based on type, the global fertilizer additives market is segmented into urea, ammonium nitrate, ammonium phosphate, ammonium sulfate, and others; by function into anti-dusting agents, anti-caking agents, hydrophobic agents, corrosion inhibitors, and others; by form into powdered, granular and prilled.
The global fertilizers additive market is anticipated to record a CAGR of around 3% over the forecast period i.e. 2019-2027.
The market witnessed considerable growth on account of proper utilization of agricultural waste as it can be used as natural fertilizer additives. Utilization of leftover straws from agricultural produce after harvest and additives made using fungus along with aggregation of bacteria are also expected to become prominent in the upcoming years as it is expected to maintain high organic soil in tandem with other quality factors
Moreover, rise in population has led to the increased demand for the food grains which increases the requirement for fertilizers in the market. This in turn propel the growth of the fertilizers additives as they increase the life span of soil, thereby resulting in better crop yield.
On the basis of regional analysis, the global fertilizer additives market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The market in Asia Pacific is likely to have dominant share in the global fertilizer additives market over the forecast period on the back of massive agriculture sector in the region. Rise in population, growing economy along with government regulations in support of agricultural industry in this region is among the major driver propelling the growth of the market.
Some of the major Asia Pacific countries that have significantly contributed to the growth of fertilizer additives include India, China, Indonesia, Vietnam, and other Southeast Asian countries.
Retention of Essential Nutrients
Nitrogen is one of the most important limiting nutrients used in production of high crop yield. Therefore, nitrogen fertilizers are generally used in order to improve the agricultural crop production. However, more than 50% of nitrogen is usually lost by the process of leaching, denitrification, and volatilization and thus resulting in poor efficiency of fertilizer. This loss of nitrogen not only affect the crop yield but also leads to environmental pollution. Utilization of fertilizer additives improves the retention of essential nutrients such as, nitrogen, phosphorus and potassium in the soil, thereby enhancing the agricultural crop production.
However, harmful effects of chemicals in these fertilizer additives is expected to operate as a key restraint to the growth of the global fertilizer additives market over the forecast period.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global fertilizer additives market which includes company profiling of Novochem Group Solvay, Clariant, KAO Corporation, Filtra Catalysts & Chemicals Ltd., ChemSol, LLC, Forbon Technology, and other prominent players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global fertilizer additives market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.