The Global Fertilizer Additives Market is projected to reach a value of over USD 4.2 billion by 2027 at a CAGR of 2.9%.
Fertilizers are the substance obtained naturally or chemically synthesized to improve the overall growth of the plants. These substances can be applied to the soil or plant tissues directly with water-soluble or readily available fertilizer in order to promote growth or productivity of the plant. Fertilizer additives are used to enhance the performance of the fertilizers through the addition of binding agents, anti-caking agents, corrosion inhibitors and others. It controls the application of the fertilizer in portions to provide positive effects on the growth of the plants.
Market Driver:
Globally, the population is increasing at a rapid pace, resulting in higher demand for food. According to the United Nations report, the global population is expected to reach over 8.6 billion in 2050. Food and Agriculture Organization further explains that feeding a world population of over 8.6 billion in 2050 needs raising overall food production by approx. 70%. Shortage in the rural labor force, with relatively higher demand for food creates an urgent need for the agrochemicals such as fertilizers for boosting the agricultural yield. Limited availability of arable land coupled with increasing urbanization in the developing economies provides huge demand for fertilizers for increasing agriculture yield in the limited available space. Changing climatic conditions along with increasing efforts towards the adoption of advanced farming practices, is projected to propel the market growth.
Market Restraint:
The growth of the fertilizer additives is mainly hampered by the use of the organic fertilizers, which eliminates the use of any fertilizers to boost the overall performance. Increasing awareness regarding drawbacks of using synthetically produced chemical-based fertilizers that hamper the human, as well as environmental health, is acting as a real threat to the fertilizer additive market. Shifting preference of the farmers towards organic fertilizer over conventional synthetic ones is expected to hinder the market growth in the upcoming timespan.
The report on the Fertilizer Additives market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2019 |
Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) Volume (Kilotons) |
Segments Included |
Form, Type and Application |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Fertilizer Additives Market, by Form
Fertilizer Additives Market, by Type
Fertilizer Additives Market, by Application
Fertilizer Additives Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE FERTILIZER ADDITIVES MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY