Global Fertilizer Additives Market By Overview
The fertilizer additives refer to materials that are included along with fertilizers to the prevent loss of essential nutrients including nitrogen, calcium, phosphorus, and potassium. The additives added to fertilizers in order to improve the quality of soil and fertilizer to derive better farm yield are known as fertilizer additives. The fertilizer additives are specially designed for prevention of foaming, dedusting, moisture, and caking of fertilizers. The additives help to stimulate the productivity of fertilizers, avoid loss of nutrients such as nitrogen, phosphorus, potassium, and sulfur, and prevent corrosion of the container used for transportation. They also provide anti-foaming and anti-caking characteristics to the fertilizer. Fertilizer additives market accounted for US$ 2.85 billion in 2020 and is estimated to be US$ 3.63 billion by 2030 and is anticipated to register a CAGR of 3.0%.
Global Fertilizer Additives Market By Drivers & Restraints
Growing demand for fertilizers
The growing demand for fertilizers, is the key factor driving the demand for fertilizer additives market. In addition, the growing need for primary nutrients and high quality of fertilizers leads to a surge in demand for increasing agricultural yields, thus driving the demand for fertilizer additives market.
Increase in popularity of nitrogen fertilizers
The increase in popularity of nitrogen fertilizers rises the demand for fertilizer additives market. The soaring demand for fertilizers and rising fertilizer prices is expected to play a major role in driving the growth of target market over the forecast period.
Adoption of new technologies
Further, decrease in the arable land, adoption of new technologies in production of fertilizers, and the increase in willingness of farmers to invest for higher productivity, augments the demand for fertilizer additives market. In addition, harmful environmental effects posed by the increased use of chemical fertilizer is expected to hinder the market growth to some extent. The stringent regulation of government hampers the target market growth.
Global Fertilizer Additives Market By Segmentations & Regional Insights
Fertilizer additives market is segmented by function, application, form, and region.
On the basis of function, the fertilizer additives market is sub segmented into anticaking agents, dedusting agents, antifoam agents, hydrophobic agents, corrosion inhibitors and others. On the basis of application, the target market is sub segmented into urea, ammonium nitrate, diammonium phosphate, monoammonium phosphate, ammonium sulphate, triple super phosphate, and others. On the basis of form, the fertilizer additives market is divided into prills, granules, powder, and others. On the basis of region, the target market is sub segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Regional Insights:
On the basis of region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific is expected to dominate the fertilizer additives market due to growing agricultural sectors in countries of this region. The Latin America and Europe are also expected to show an increase in the fertilizer additives market, owing to rising initiatives taken by the government in the agriculture sector, such as agroecology, sustainable intensification.
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
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Market Segmentation |
By Function- Anticaking Agents, Dedusting Agents, Antifoam Agents, Hydrophobic Agents, Corrosion Inhibitors and Others By Application– Urea, Ammonium Nitrate, Diammonium Phosphate, Monoammonium Phosphate, Ammonium Sulphate, Triple Super Phosphate, and Others. By Form– Prills, Granules, Powder, and Others |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global Automated Border Control market report based on type, technology, application, end-user and region.
Fertilizer Additives Market, By Region:
- North America
- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- U.S.
- Canada
- Middle East & Africa
Global Fertilizer Additives Market By Competitive Landscape & Key Players
The key operators of fertilizer additives market are Clariant AG, Arkema S.A., Dorf Ketal, Hubei Forbon Technology Co Lt, Chemipol SA, Fertibon Products Pvt Ltd, Neelam Aqua & Speciality Chem (P) Ltd, KAO Chemicals, Novochem Group, Solvay and Tolsa Group. Technological advancements in the product launches, and strategic partnerships are some trends witnessed in the Global Biolubricants Market.
Global Fertilizer Additives Market By Company Profile
- Clariant AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Arkema S.A.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Dorf Ketal
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Hubei Forbon Technology Co Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Chemipol SA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Fertibon Products Pvt Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Neelam Aqua & Speciality Chem (P) Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- KAO Chemicals
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Novochem Group
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Solvay and Tolsa Group.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Fertilizer Additives Market By Highlights
FAQs
Fertilizer additives market is segmented by function, application, form, and region
The growing demand for fertilizers is the key factor driving the demand for fertilizer additives market. In addition, the growing need for primary nutrients and high quality of fertilizers leads to a surge in demand for increasing agricultural yields, thus driving the demand for fertilizer additives market.
The Asia Pacific is expected to dominate the fertilizer additives market due to growing agricultural sectors in countries of this region
The prominent key operating in the global market have adopted key strategies such as collaborations, mergers, acquisitions, and partnerships to strengthen their market outreach and sustain the stiff competition in the market. For instance, in January 2020, Clariant AG, a focused and innovative specialty chemical company and Polymateria, a company developing a new standard in biodegradation of plastics, signed a partnership agreement with the Central Institute of Plastic Engineering & Technology (CIPET), Department of Chemical and Petrochemical, Ministry of Chemicals & Fertilizers, Government of India. This partnership entails bringing Polymateria’s Biotransformation technology to market in India through Clariant’s Masterbatches.