Market Forecast:
The global fertilizer additives market is growing due to increasing population coupled with increasing demand for food. In addition to the increasing population, growing demand for food, increase in the crop production, soil efficiency, and high-quality yield is expected to drive the fertilizer additives market. Additionally, increasing awareness regarding fertilizer additives has raised the bar for quality, which, in turn, has increased the market share of fertilizer additives globally. Mass market penetration is leading to the introduction of new products based out of fertilizer additives and their retail across various regions.
𝗧𝗵𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗶𝘀 𝗣𝗿𝗶𝗰𝗲𝗱 𝗮𝘁 𝗖𝗹𝗶𝗰𝗸 𝗛𝗲𝗿𝗲 𝘁𝗼 𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗦𝗮𝗺𝗽𝗹𝗲 : https://www.marketresearchfuture.com/sample_request/5318
Moreover, increasing demand for agricultural additives for crop productivity is projected to drive the growth of the global fertilizer additives market. The market players are responding to these new opportunities by expanding their product lines, which has boosted the share of the fertilizer additives in the global market.Fertilizer Additives Market Size Anticipated to Reach at a USD 4.60 billion at a 3.90% CAGR During the Forecast 2022–2030.
Downstream analysis:
The global fertilizer additives market is segmented into type, form, and function.
On the basis of the type, it is segmented into ammonium nitrate, ammonium sulfate, mono-ammonium phosphate, di-ammonium phosphate, triple superphosphate, urea, and others. Among all, the urea fertilizer additives segment is dominating the market.
On the basis of the form, it is segmented into powder, granular, prilled, and others. The powdered segment is dominating the market.
On the basis of the function, the fertilizer additives market is segmented into anti-foaming agent, anti-caking agents, corrosion inhibitors, hydrophobic agent, de-dusting agent, and others. Among all the functions, the anti-caking segment is dominating the market.
Competitive analysis:
The major players in the fertilizer additives market
- ArrMaz Custom Chemicals, Inc. (U.S.)
- Holland Novochem B.V. (the Netherlands)
- Kao Corporation (Japan)
- Clariant AG (Switzerland)
- Hubei Forbon Technology Co. Ltd. (China)
- Michelman, Inc. (U.S.)
- Filtra Catalysts & Chemicals Ltd. (India)
- Chemipol SA (Spain)
- Amit Trading Ltd. (India)
- Tolsa SA (Spain)
Regional Analysis
The global fertilizer additives market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The Asia Pacific region is dominating the fertilizer additives market followed by North America owing to rising population followed by increasing consumption of agricultural products in the developing regions. Moreover, agriculture is the key business in India, which is anticipated to drive the fertilizer additives market over the forecast period.
Furthermore, the U.S. dominates the North American fertilizer additives market owing to increasing consumer awareness and growing demand for fruits, vegetables, cereals, pulses, and other crops, which is anticipated to boost the growth of the fertilizer additives market during the review period.
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