Fertilizer Additives Market : Anti-Caking Agents Continue to Remain a Vital Revenue Pocket for Fertilizer Additives Manufacturers || Key Players: Novochem Group, KAO Chemicals, Tolsa Group, Solvay, and Chemsol LLC.

According to a recently published Fact.MR study, the fertilizer additives market is estimated to witness moderate growth during the 2018-2028 period owing to the decrease in the average arable land and growing demand for food and agricultural produce. Technological innovations and modern-day advancements are helping manufacturers develop fertilizer additives that enhance fertilizer performance significantly and increase the average crop yield. The prominent players operating in the fertilizer additives market are estimated to hold over 25% of the total fertilizer additives market share. Leading players continue to focus on expansion and launch of new products to consolidate their position in the fertilizer additives market. Prominent players continue to form joint ventures to expand their presence in the fertilizer additives market.

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Innovative Manufacturing Processes and Use of Modern Materials to Open Gateways to New Opportunities

Technological advancements continue to influence the fertilizer additives market with manufacturers focusing their efforts on the development of new and cost-effective techniques for the production of fertilizer additives. For instance, a new procedure developed for manufacturing fertilizer additives extracts micronutrients from already used alkaline batteries. The method is gradually gaining traction owing to its property of aiding in waste reduction while providing the essential nutrients required for the growth of plants. In this procedure, zinc and manganese from the alkaline batteries are collected and cleaned to be used as fertilizer additives. 

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Burgeoning Demand for Nitrogen-based Fertilizers to Uphold Fertilizer Additives Market Growth

Nitrogen is a key element which is required in a plethora of metabolic functions in plants. Being an essential component required in the production of amino acids, nitrogen-based fertilizers influence protein production in plants and aid in increasing the crop yield of the soil owing to which demand for such fertilizers is on the rise. The Fact.MR study suggests nitrogen-based fertilizers will continue gaining increasing penetration with their widespread adoption in the production of fruits, horticulture, fodder crops, and oilseeds. A recent instance that alludes to the growing popularity of nitrogen-based fertilizers was when it was reported that there was a shortage of nitrogen fertilizers in the US in August 2018.

Some of the leading players in the fertilizer additives market are Arkema SA, Clariant AG, Michelman, Inc., Chemipol SA, Timac Agro USA, Dorf Ketal, ArrMaz, Fertibon Products Pvt. Ltd., Hubei Forbon Technology Co Ltd., Neelam Aqua & Specialty Chem (P) Ltd., Novochem Group, KAO Chemicals, Tolsa Group, Solvay, and Chemsol LLC. These companies continue to focus on consolidating their position in the fertilizer additives market.

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