Global Fertilizer Additives Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Global Fertilizer Additives Market Overview:

“The global Fertilizer Additives Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

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The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global fertilizer additives  market report has been segmented on the basis of function, application, form, and region.

Additives added to fertilizers in order to improve the quality of soil and fertilizer and to derive better farm yield is known as fertilizer additives. These are specially designed for prevention of foaming, dedusting, moisture, and caking of fertilizers.

Increased demand to inhibit loss of key nutrients such as nitrogen, phosphorous, potassium, and sulfur. These additives also find enhanced usage to prevent formation of lumps in fertilizers during rainy season.

Decrease in size of arable land, adoption of new technologies in production of fertilizers, and growing willingness of farmers to spend more for higher productivity are some of the factors expected to boost growth of the global fertilizer additives market. Soaring demand for fertilizers and rising fertilizer prices is expected to play a major role in driving industry growth over the forecast period.

The global fertilizer additives market is segmented on the basis of function, application, form, and region. On the basis of application, the market is segmented into urea, ammonium nitrate, diammonium phosphate, monoammonium phosphate, ammonium sulphate, and others. Urea dominated the global market, accounting for a significant share.

The segment is expected to continue its lead over the forecast period as urea can be easily synthesized and is readily available, making it a widely used nitrogenous fertilizer.

The Asia Pacific market dominates the global fertilizer additives market in terms of revenue and is expected to witness highest growth over the forecast period. It is expected to dominate the industry over the forecast period due to growing agricultural sectors in countries such as India, Bangladesh, and Sri Lanka.

The market in Asia Pacific is followed by the market in Latin America. The market in Europe is also expected to account for a major share, owing to rising initiatives taken by the European government in the agriculture sector, such as agroecology, sustainable intensification and green growth is expected to propel the industry.

Global Fertilizer additives  Market Segmentation:

Segmentation on the basis of function:

• Anticaking agents
• Dedusting agents
• Antifoam agents
• Hydrophobic agents
• Corrosion inhibitors
• Others (porozing agents and coloring agents)

 Segmentation on the basis of application:

• Urea
• Ammonium nitrate
• Diammonium phosphate
• Monoammonium Phosphate
• Ammonium sulphate
• Triple super phosphate
• Others (potassium chloride, potassium sulphate, and other compound & complex fertilizers)

Segmentation on the basis of form:

• Prills
• Granules
• Powder
• Others (briquettes, supergranules, and crystals)

 Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa