December 06, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Fertilizer Additive Market to 2027 - Global Analysis and Forecasts by Function (Dust Control Agent, Anti-Caking Agent, Anti-Foam Agents, Granulation Aids, Corrosion Inhibitors, Hydrophobing Agents, and Others), Application (Mono Ammonium Phosphate, Triple Super Phosphate, Urea, Diammonium Phosphate, Ammonium Nitrate, and Others), Form (Granular, Prilled, and Powdered), and Geography’, the worldwide fertilizer additive market is anticipated to accumulate US $3963 million by the year 2027.
Fertilizer additive market is driven by factors like rapid growth of fertilizer industry, booming population, reduced arable land, and growing research & development in fertilizer field. Rising global population is leading to increased demand for food grains along with rapid urbanization which is reducing the fertile land for farming. Institutions like FAO and IFPRI have issued estimations about the growth in food demand over the forecast period. These parameters are compelling the government and farmers to opt for fertilizers to improve the production yield, hence boosting the growth of fertilizer additive market.
These additives enable the fertilizers to limit caking, maintain shape, and avoid dust formation during manufacture while preventing wetting. Rising focus of government towards promoting sustainable farming will aid the market outlook.
As per the report, fertilizer additive market was worth US $3216.2 million in 2018 and is expected to grow with a CAGR of 2.4% through the year 2027, thereby amounting US $3963 million. The study further analyzes the fertilizer additive market on the basis of function, form, application, and geography landscape.
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Based on function, the market is segmented as anti-foam agent, dust control agent, corrosion inhibitors, anti-caking agent, granulation aids, hydrophobing agent, and others. Speaking of the application spectrum, fertilizer additive market is classified as mono ammonium phosphate, urea, ammonium nitrate, triple super phosphate, diammonium phosphate, and others.
Considering the geographical landscape, the global fertilizer additive market is divided into five regions which are North America, Asia Pacific, Europe, South America, and Middle East & Africa.
The key player of fertilizer additive market are Chemipol SA, Arrmaz, KAO Corporation, Solvay, Chemsol LLC, Michelman, Inc., Clariant, Omex Agriculture, Inc., Dorf Ketal, and Novochem Group among others.
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