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Report Provides Detailed Analysis of Fertilizer Additives Market Size, Trends, and Cost with Global Forecast by 2028|| Key Players: Hubei Forbon Technology Co Ltd., Neelam Aqua & Specialty Chem (P) Ltd., Novochem Group, KAO Chemicals, Tolsa Group, Solvay
assessment of each of the factors, has been propounded in the report. Additionally, the report sheds light on all the macro and microeconomic facets that impact the performance of the fertilizer additives market. An opportunity analysis of the fertilizer additives market has also been included in the report.
Technological innovations and modern-day advancements are helping manufacturers develop fertilizer additives that enhance fertilizer performance significantly and increase the average crop yield. Nitrogen is one of the most extensively applied fertilizer for agronomic crop production—urea and urea ammonium nitrate fertilizers being the most prevalently used fertilizers owing to its low price. Lessening fertilizer nitrogen movement from agriculture fields into the surrounding landscape offers both agronomic and environmental benefits. Unprecedented demand for nitrogen fertilizers harbingers a sanguine picture for the pertinent manufacturers in fertilizer additives market.
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Growing Environmental Concerns to Bolster Sales of Dust Suppressants
Fertilizers are usually packaged and transported in the crystalline, granular, or powdered forms during which they can break into dust. The dust particles are light enough to be dispersed by even weak air currents. Furthermore, the dispersion of fertilizer dust particles can cause an assortment of problems related to environmental compliance, worker safety, and damage to the warehousing equipment. In addition to this, the tendency of fertilizers to break into dust increases with time while longer storage periods further intensify the problem. The fertilizer dust also poses a danger of spontaneously burning into flames which could be dangerous to both life and property. The plethora of problems that fertilizer dust can cause is a vital factor that is creating an increase in the demand for dust suppressants. Currently, numerous variants of fatty and mineral oils are used to suppress dust formation. However, the scope for innovation in the area still exists which is prompting fertilizer additive manufacturers to research for effective fertilizer dust suppressants.
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. The method is increasingly being recommended by numerous food associations with the nutrients derived from the process aiding in bolstering agricultural production.
Fertilizer Additives Market: Competitive Landscape
A comprehensive analysis of competitive scenario of the fertilizer additives market is propelled by the inclusion of Porters’ Five Force Analysis. The Porters’ Five Force Analysis sheds light on the potential strategies employed by pertinent companies. The report is bolstered by company profile, SWOT analysis, annual revenue and strategic overview.
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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