Fertilizer Additive Market Gained Popularity in the Recent Years Which Is Anticipated To Boost the Market Growth in Future

The Fertilizer Additive Market is expected to reach $ 3,741 million in 2023, an annual average growth rate of 2.3% from 2017 to 2023. The element sector accounted for the largest share of the entire market in 2016.

Fertilizer additives are used in the field because they act as corrosion inhibitors, hydrophobic agents and anti-dust agents during storage and transportation. Fertilizer additives, such as fertilizer additives, are often placed to increase the crushing strength of fertilizers and reduce fines. A granule is a physical phenomenon that occurs when particles cohere together with repetitive tumbling action. Moreover, granules have a very beneficial effect by inhibiting plant growth, slow and controlled release of nutrients, outflow of fertilizer salts, and uniformity of NPK application. However, deterioration of storage conditions and long-term storage results in clotting and lump formation. This results in washing powdered fertilizer, which prevents the crop from sprinkling more fertilizer.

At present, the global fertilizer additive market is seeing numerous opportunities in the Asia Pacific and Ramaia with the rapid growth of the agricultural industry. In addition, the increase in research and development (R & D) of fertilizer manufacturing technology leads the market. Surplus and imbalance imbalances in various regions are another factor that drives market growth due to various fertilizers. In addition, market growth is facilitated by increased crop yields, ease of application, manure management, and increased transport and storage of fertilizer in the region. However, the environmental impact of chemical fertilizers and stringent government regulations on major European chemicals are limiting market growth.

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The major companies profiled in the report include
• Clariant
• KAO Corporation
• Amit Trading Ltd.
• Novochem Group
• Filtra Catalysts & Chemicals Ltd.
• Arrmaz
• Chemipol
• Forbon Technology
• Michelman
• Tolsa Group.

Urea applications accounted for the largest share in 2016. It is also witnessing a strong demand because it can be widely used as a dried fine-grain nitrogen source in countries such as China and Japan. It is preferred by the fertilizer industry because it is relatively easy to manufacture. Urea, however, undergoes chemical transformation during transport and can lead to loss of quality if the relevant additives are not used during the manufacture of this fertilizer. Thus, fertilizer additives are used on a large scale in the urea production process.

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Key Findings of the Fertilizer Additives Market:
• In terms of value, the anti-caking agents are anticipated to exhibit the highest growth rate of 2.8% during the analysis period.
• Asia-Pacific is projected to lead the market in 2023, and is estimated to grow with a CAGR of 2.5%, in terms of value.
• The powdered fertilizers occupied nearly one-fifth of the total market in 2016.
• China occupied nearly half of the total Europe fertilizer additives market in 2016.
• In terms of value, South Africa is expected to grow at a CAGR of 3.5% from 2017 to 2023.
In 2016, Asia-Pacific accounted for more than half of the total fertilizer additives market, and is expected to continue this trend, owing to rapid growth of agriculture industry, specifically in China, India, Japan, and the other developing countries.

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