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Fertilizer Additives Market is expected to grow at a CAGR of 4.1% during the forecasted period | Evolve Business Intelligence

Fertilizer Additives Market

Fertilizer Additives Market

Key Highlights:
• The global Fertilizer Additives Market size was valued at USD 6.1 billion in 2023 growing at a CAGR of 4.1% from 2023 to 2033.
• North America dominated the market in 2023
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Fertilizer Additives Market size accounted for USD 6.1 Billion in 2023, growing at a CAGR of 4.1% from 2023 to 2033. Fertilizer additives are substances added to fertilizers to improve their performance, enhance nutrient availability, or mitigate environmental impacts. These additives can serve various purposes, including preventing nutrient loss, improving nutrient uptake by plants, reducing fertilizer runoff, and enhancing soil fertility. Some common types of fertilizer additives include stabilizers, inhibitors, and enhancers.

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With the increasing global population, there is a rising demand for high-quality and high-yield crops. Fertilizer additives can help optimize nutrient absorption by plants, leading to better crop yields and quality. There is a growing awareness of the environmental impact of traditional fertilizers, including nutrient runoff that can contribute to water pollution. Fertilizer additives that reduce nutrient leaching or volatilization can be seen as more environmentally friendly, driving their adoption. Environmental regulations and policies aimed at reducing the environmental impact of agriculture may drive the demand for fertilizer additives. Governments may encourage or mandate the use of additives that minimize nutrient runoff and pollution.

Key Players
Some of the major Fertilizer Additives Market players holding high market shares include ArrMaz Products Inc.. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include CHEMIPOL, S.A., Clariant AG, Emulchem, KAO Corporation, LignoStar, Michelman Inc., Novochem Group, Solvay, Tolsa SA

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Segmental Analysis
Based on form, the Fertilizer Additives market is segmented into Granular, Prilled, and Powdered. The granular form held the largest share of the Fertilizer Additives market. This is primarily due to the ease of handling and application of granular fertilizers, which makes them more convenient for farmers. Granular fertilizers are also less susceptible to caking and dusting, compared to powdered or prilled forms.
Based on type, the Fertilizer Additives market is segmented into Anti-caking Agents, Antifoam Agents, Dust Control Coatings, Coloring Agents, Granulation Aids, Corrosion Inhibitors, Hydrophobic Additive, and Others. Anti-caking agents held the largest share of the Fertilizer Additives. This is attributed to the growing demand for fertilizers that are free from caking issues, which can hinder efficient application and reduce nutrient availability for plants. Anti-caking agents help maintain flowability and prevent lumps from forming in fertilizers, ensuring consistent and effective application.
Based on Application, the Fertilizer Additives market is a Urea, Diammonium Phosphate, Ammonium Nitrate, Triple Superphosphate, Monoammonium Phosphate, and Others. Urea was the largest application segment in the Fertilizer Additives market. Urea is a widely used nitrogenous fertilizer, and its demand is driven by the increasing need for nitrogen nutrients to support crop growth and yields. Fertilizer additives play a crucial role in enhancing the effectiveness of urea by improving its physical properties, such as flowability and caking resistance, and by reducing nitrogen losses due to volatilization.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.

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