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Fertilizer Additives Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033

Fertilizer Additives  Market

Fertilizer Additives Market

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2331

The Business Research Company offers in-depth market insights through Fertilizer Additives Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
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, adoption of sustainable packaging.

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Market Segmentation:
The main types of fertilizer additives include dust control agents, anti-caking agents, anti-foam agents, granulation agents, colorants, corrosion inhibitors, and hydrophobing agents. The term dust control refers to an ecological agent that is used to solidify and stabilize any soil. This system is implemented to reduce or eliminate dust emissions from activities that cause erosion by generating airborne and fugitive dust. Based on form, they are differentiated into powdered, granular, and prilled, and they are used in the manufacturing of urea, ammonium nitrate, diammonium nitrate, monoammonium nitrate, ammonium sulphate, triple superphosphate, and other applications.

Major Driver - Growing Agricultural Commodity Demand Fuels Fertilizer Additives Market Expansion
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.

Competitive Landscape:
Major companies operating in the fertilizer additives market include 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

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Top Trend - Adoption Of Sustainable Technologies In Fertilizer Additives
The adoption of new technologies is a key trend gaining popularity in the fertilizer additive market. The companies operating in the fertilizer additives market are utilizing ammonia technology, urea formaldehyde concentrate technology, and nanotechnology in their product development and manufacturing processes to reduce their carbon footprint and shift towards environmentally friendly manufacturing processes. For instance, in May 2021, Stamicarbon announced the introduction of Stami Green Ammonia Technology as a solution to the world carbon problem. To eliminate carbon from the process, the technique uses renewable resources instead of fossil fuels, paving the way for sustainable and green fertilizer production.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Fertilizer Additives Market Characteristics
3. Fertilizer Additives Market Trends And Strategies
4. Fertilizer Additives Market - Macro Economic Scenario
5. Fertilizer Additives Market Size And Growth
…..
27. Fertilizer Additives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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