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Fertilizer Additives Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Fertilizer Additives Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the fertilizer additives industry. This report on fertilizer additives market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The fertilizer additives market size has grown strongly in recent years. It will grow from $3.09 billion in 2023 to $3.28 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to soil nutrient depletion, agricultural productivity, environmental regulations, crop-specific solutions, fertilizer efficiency.
The fertilizer additives market size is expected to see strong growth in the next few years. It will grow to $4.2 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to precision agriculture, climate change adaptation, organic farming and organic additives, bio-based and biodegradable additives, customized nutrient blends. Major trends in the forecast period include controlled-release fertilizers, nutrient stabilizers, nano and micronutrient additives, data-driven farming, and adoption of sustainable packaging.
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Key Market Players:
KAO Corporation, Clariant AG, Filtra Catalysts & Chemicals Ltd., Novochem Group, Solvay SA, Agrium Inc., Bio Huma Netics Inc., Bunge Limited, Compass Minerals, Compo Expert GmbH, Fertilizer Industry Round Table, Haifa Group, Helena Agri-Enterprises, Israel Chemicals Ltd., Kali und Salz GmbH, Kingenta Ecological Engineering Group, Koch Industries Inc., Lamberti Group, Nufarm Ltd., Nutra-Flo Company, Nutrien Ltd., Plant Food Company Inc., Soil Technologies Corporation, Sociedad Química y Minera de Chile, Stoller Enterprises Ltd., The Andersons Inc., Timac Agro USA, Tradecorp International, UPL Limited, Valagro SpA, Verdesian Life Sciences LLC, Wilbur-Ellis Company, Yara International ASA
Market Drivers:
According to the Fertilizer Additives Market Report 2024 by The Business Research Company, the key factors driving the growth of the fertilizer additives market, includes the rise in demand for agricultural commodities is driving the growth of the fertilizer additives market. Agricultural commodities are staple crops and animals raised on farms or plantations. In agricultural commodity production activities, fertilizer additives are used to enhance the performance and control the application of fertilizer. For instance, according to the data published in Organization for Economic Co-operation and Development, the global agricultural production is expected to increase from 766 million tons in 2020 to 839 million tons in 2030. The increase in demand and production of agricultural commodities is expected to boost demand for fertilizer additives during the forecast period.
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Market segments for home insurance include:
1) By Type: Dust Control Agent, Anti-Caking Agent, Anti-foam Agents, Granulation Aids, Colorants, Corrosion Inhibitors, Hydrophobing Agents
2) By Form: Granular, Prilled, Powdered
3) By Application: Urea, Ammonium nitrate, Diammonium phosphate, Monoammonium phosphate, Ammonium sulfate, Triple superphosphate, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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