Fertilizer Additives Market is forecast to increase at a moderate 4.2% annually to US$ 1,445.8 Mn in 2028, Exclusive Report By Future Market Insights

Demand for fertilizer additives is forecast to increase at a moderate 4.2% annually to US$ 1,445.8 Mn in 2028. Future Market Insights, a leading market research company, released a market intelligence report, presenting a comprehensive analysis of the fertilizer additives market on the basis of product type (anti-caking agents, dust suppressors, drying agents, and granulation agents) and application (Nitrogen, P205, K20, and others).

Overall, sales growth of fertilizer additives will be driven by:

• Growing demand for food, translating into new technologies and improved fertilizers
• Increased emphasis on making fertilizers more efficient with high output
• Better performance and high crop yield
• Developing landscape for sustainable technologies in the agrochemical industry
• Stringency in regulations to keep soil and water pollution at bay

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Anti-Caking Agents to Lead the Market

Anticaking agents segment is projected to create 1.3X incremental opportunity till 2028, currently being the largest product type category worth US$ 527 Mn. The trend is projected to continue through 2028, considering major demand from solid fertilizers. The increasing demand for anti-caking agent is mostly attributable to its key characteristic to prevent lump formations, making for easy packaging and transportation. Representing well over 55% share of the total market, in terms of value in 2022, anti-caking agent is also expected to witness major innovations in the form of eco-friendly anti-caking agents, by 2028.

“Popular N (Nitrogen) fertilizers will drive the revenue for fertilizer additives, contributing the largest demand share in the total fertilizer market. Moreover, being an important nutrient for crop production—directly influencing the amino acid composition of protein and nutritional quality of the subsequent yield, will positively translate in widespread adoption of N fertilizer. FMI predicts high adoption of fertilizer N in fruit production, oilseeds, fodder crops, horticulture to maintain high level of quantity and quality”- Principal Analyst, Chemicals, Future Market Insights

Increasing demand for N fertilizer owing to its significant role in metabolic interactions in crops, globally is expected to open potential strategizing avenues for manufacturers, with a key critical focus on increasing crop nitrogen use efficiency to further enhance the crop quality, adds the analyst.

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In the highly fragmented fertilizer additives market, Tier 1 players including Clariant AG, Arkema S.A., Kao Corporation and Koch Industries, Inc., among others hold nearly 80 percent of the total market share. With dominance well displayed by key players through an extensive product offering, FMI also underlines the critical role of organic and inorganic growth through strategic collaborations and mergers and acquisitions, across the value chain and its impact on formulating effective fertilizer additives. Whether it is Clariant AG’s agreement with SABIC and Huntsman Corporation or Arkema’s collaboration with Barrday, Inc and its expansion move in China, key players are projected to push their products in untapped markets through such joint ventures.

Additional Takeaways from the Study

• FMI, in its report on global fertilizer additives market, spots high opportunity in granulating agents segment, considering its key function in production of fertilizers
• Stringent regulations focused at curbing air pollution would push dust suppressors’ sales
• The fertilizer additive market is likely to benefit from nanotechnology—in the form of nanoscale additives wherein nanomaterials could either be a micronutrient, fertilizer, supplement component or a binder/water retention material
• High pricing of fertilizer additives, lack of awareness, and government subsidies on conventional fertilizers could pose a challenge for market growth
• High growth agriculture-dependent economies including China and India to present lucrative growth opportunities for fertilizer additives manufacturers

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Fertilizer additives market by Category
By Product Type, the Fertilizer additives market is segmented as:
• Anti-caking Agents
• Dust Suppressors
• Drying Agents
• Granulation Agents
• Others

By Application, the Fertilizer additives market is segmented as:
• N(Nitrogen)
• P2O5
• K2O
• Others

By Region, the Fertilizer additives market is segmented as:
• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan (APEJ)
• Japan
• Middle East & Africa

How COVID pandemic impacted Fertilizer additives market?

Due to the outbreak of COVID-19 in 2020, most of the markets registered weak demand and production, which dampened growth in the global market. However, fertilizer and agrochemicals have helped the fertilizer additives market stay afloat despite these challenges. Driven by various advantages of agriculture growth, the fertilizer additives market has registered moderate growth in 2020 and is expected to dominate the market in the near future like the previous one.

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

This release was published on openPR.