Fertilizer Additives Market Business Growth Outlook 2021-2027: Top Industry Trends And Opportunities, Regional Segmentation Analysis

Precision Business Insights published a research report on “Fertilizer Additives Market: By Function (Dedusting, Anticaking, Antifoaming, Corrosion Inhibitors, Hydrophobic Agents, Others),By Application (Ammonium Nitrate, Urea, Diammonium Phosphate, Ammonium Sulphate, Monoammonium Phosphate, Triple Superphosphate, Others), By Form (Granules, Prills, Powder, Others), and Geography - Global/Region/Country Forecast to 2027".

The global fertilizer additives market was valued USD 3.2 billion in the year 2020 and anticipated to value at USD 3.75 billion till 2027 witnessing a CAGR rate of 2.3% during the forecast period 2021-2027.

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Growing Demand for High Yield Crops will impel Fertilizer Additives Market
Fertilizers are synthetic substances applied to crops for providing essential nutrients to plants for the better growth. Fertilizers have several benefits to provide such as maintain soul nutrients, work as anti-caking and anti-foaming agents and prevent corrosion of container. Since, nitrogen is one of the important nutrients for the plant growth and fertilizers additives are full of nitrogen and enhance the nitrogen release from fertilizers. Fertilizer additives are mixed into fertilizer for improving both the stability and quality of fertilizers. The global fertilizer additives market is projected to provide profitable opportunities over the evaluation duration due to a range of applications of fertilizer additives. In addition, there are several factors that are driving the fertilizer additives market growth such as growing expenditure of farmers to protect farms and rising global economies.

Fertilizer additives market will expand at considerable growth during the forecast years 2021-2027. Moreover, huge implementation of technological developments, growing demand for agro commodities and increasing demand for high yield crops are projected to impel the market growth. But, organic fertilizer growth, harmful environmental factors and strict regulatory framework are anticipated to hinder the fertilizer additives market growth.

Asia Pacific to dominate the Global Fertilizer Additives Market
On the basis of geographical analysis, Fertilizer additives market is classified into major regions such as North America, Asia Pacific, Middle East, Europe, Africa and Latin America. Asia Pacific is dominating the fertilizer additives market due to the factors such as government support by providing subsidies and incentive schemes, increasing consciousness regarding the usage of fertilizers and growing farming expenditure. North America fertilizer additives market is obtained the second biggest place in the global fertilizer additives due to the growing adaptation of agriculture, technological developments and growing population in the region.

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Fertilizer Additives Market - Competitive Analysis
A few major players working in the global fertilizer additives market such as KAO Corporation (Japan), Clairant (Switzerland), Novochem Group (Netherlands), ArrMaz (U.S.), Amit Trading LTD. (Israel), Filtra Catalysts & Chemicals Ltd. (India), Forbon Technology (China) and Chemipol (Spain). There are several companies in the market are hugely focusing on nitrogen-based fertilizer additives. Different key players in the market also aim at adopting new product launchings, collaborations, mergers, and geographical expansions to reinforce their place in the global market and improve the product portfolio. They also focus on approving new products into the market.

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