Fertilizer Additives Market

Segmentation By Type (Urea, Ammonium Nitrate, Ammonium Phosphate, Ammonium Sulfate, and Others); By Function (Anti-dusting Agents, Anti-caking Agents, Hydrophobic Agents, Corrosion Inhibitors, and Others); By Form (Powdered, Granular and Prilled) – Global Demand Analysis & Opportunity Outlook 2027

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Report ID: 1434 | Published On: Feb 02, 2023
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Growth Drivers

Retention of Essential Nutrients

Nitrogen is one of the most important limiting nutrients used in production of high crop yield. Therefore, nitrogen fertilizers are most commonly 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 affects 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.

Growing Demand for Food on Account of Increasing Population

Increasing population base has resulted in the growing demand for food grains that has increased the requirement for fertilizers in the market. This in turn has propelled the growth of the fertilizers additives as they increase the life span of soil, thereby resulting in better crop yield. Moreover, depletion of soil quality that lead to loss of soil fertility is also anticipated to drive the growth of the market.


Harmful Environmental Effects

Most of the fertilizer additives used in improving the crop yield are chemical in nature lead to environmental pollution, soil acidification, mineral depletion and other adverse effects. Such environmental impacts are anticipated to hamper the growth of the market during the forecast period.

Global Fertilizers Additive Market (Y-o-Y Growth %) Graph
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Market Size and Forecast

The market is observing a noteworthy growth on account of increased utilization of agricultural waste since 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 gain prevalence in the upcoming years as it would maintain the high organic content of the soil along with improving its quality.

Rapidly growing population led to the increase in demand for food grains that increases the pressure on farmers to produce more grains. This is estimated to foster the growth of the market. Furthermore, these additives increase the shelf life of the fertilizers which is also projected to positively impact the growth of the market.

The global fertilizers additive market is anticipated to grow at a CAGR of around 3% over the forecast period i.e. 2019-2027. The market is segmented by type into urea, ammonium nitrate, ammonium phosphate, ammonium sulfate, and others out of which, the urea segment is anticipated to dominate the global fertilizers additive market on account of its high nitrogen content and ease of availability. Moreover, urea manufacturing units release less air pollutants in the environment.

Based on function, the market is segmented into anti-dusting agents, anti-caking agents, hydrophobic agents, corrosion inhibitors, and others, out of which, anti-caking segment is expected to drive the growth of the market owing to the benefit of long-term storage of manufactured fertilizers. 

Global Fertilizers Additive Market (Y-o-Y Growth %) Graph

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Market Segmentation

Our-in depth analysis of the global fertilizer additives market includes the following segments:

By Type

  • Urea
  • Ammonium Nitrate
  • Ammonium Phosphate
  • Ammonium Sulfate
  • Others

By Function

  • Anti-dusting Agents
  • Anti-caking Agents
  • Hydrophobic Agents
  • Corrosion Inhibitors
  • Others

By Form

  • Powdered
  • Granular
  • Prilled

By Region

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 estimated to show a significant growth over the forecast period on the back of massive agriculture sector in this region. Rise in population, growing economy along with government regulations in support of the domestic agricultural industry are among the major drivers to propel the market growth.

India is primarily an agriculture-based country which has resulted in higher production and sales of fertilizers, which in turn has fostered the growth of fertilizer additives in this regional market. China is also expected to witness a higher demand over the forecast period owing to the increased production of fertilizer additives.

The global fertilizer additives market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

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Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

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