Press release
Anti-caking agent for feed fertilizer Market To Receive Overwhelming Hike In Revenues By 2023
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The global anticaking agent for feed & fertilizer market can be segmented based on application and region. In terms of application, the anticaking agent for feed & fertilizer market can be divided into fertilizer, poultry & cattle, and others. Fertilizer is the major application segment of the anticaking agent for feed & fertilizer market. Anticaking agent is primarily used in nitrogen, potassium, ammonium, and phosphorous based fertilizers to prevent them from absorbing moisture from the atmosphere and forming a cake. In poultry and cattle, anticaking agent is used in feed to stop caking and agglomeration, and increase the flow properties of feed ingredients.
The anticaking agent for feed & fertilizer market is anticipated to witness significant growth during the forecast period owing to the increasing demand for the agent in feeds and fertilizers in the manufacture of fertilizers. Demand for fertilizers is anticipated to increase in order to enhance the crop yield. Rise in demand for fertilizers is anticipated to drive the overall market of anticaking agent for feed & fertilizer. Factors such as ease of transportation and usage in packaging and consumption are also expected to boost the demand for anticaking agents. Rapid growth in the livestock industry is one of the major factors driving the anti-caking agent for feed & fertilizer market. However, potential health hazard is projected to hamper market growth. Furthermore, implementation of stringent governmental regulations, especially in developed countries, is likely to adversely affect the overall market during the forecast period.
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Companies are adopting merger and acquisition strategies to expand their market share. They are also shifting their production facilities to emerging economies in Asia Pacific and Latin America due to the easy availability of land, cheap labor, and governmental subsidies in these regions. Key players operating in the anticaking agent for feed & fertilizer market are BASF SE, Kao Corporation, Geocon Products, NAQ GLOBAL, Chemipol, Evonik Industries, Huber Engineered Material, PPG Industries Inc., and Sweetener Supply Corporation.
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