Fertilizer Additives Market to Reach USD 4.2 Billion by 2027 | CAGR 2.9% – Forencis Research

Fertilizer Additives Market - Global Industry Analysis and Forecast 2020 to 2027

Global Fertilizer Additives Market: Key Highlights

  • According to the new market research report Fertilizer Additives Market by Form (Granular, Liquid), by Material (Granulation Additives, Binders, Anti-caking Agents, Corrosion Inhibitors, Moisture Repellent Coating and Others), by Application (Nitrogen Fertilizers, Phosphorus Fertilizers, Calcium, Magnesium And Sulphur Fertilizers, Micronutrient Fertilizers and Others), by Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) – Global Forecast (2020 to 2027)”, the global Fertilizer Additives market is estimated to reach USD 4.2 Billion by 2027 at a CAGR of 2.9% between 2020-2027.
  • Fertilizer additives can be referred to as the additives used for boosting the overall performance of the fertilizers through enhancing binding ability, reducing the caking tendency of fertilizer and reducing corrosion and moisture
  • It is widely available in different forms including solid granular, pellets and liquid form to provide ease and convenience on use

Fertilizer Additives Market

Global Fertilizer Additives Market: Key Market Dynamics

  • The growing demand for fertilizer for enhancing the agricultural outcomes, to settle the increasing global hunger, drives the demand for fertilizer additives
  • Increasing agricultural activities with the adoption of newer and advanced fertilizers is fueling the market growth
  • The market growth is mainly hamper by shifting preference towards organic fertilizers over the conventional ones
  • Rapid adoption of biologically derived Biostimulant is acting as an opportunity for the fertilizer additives market
  • Strict legislation on the usage of amount of fertilizer additives acts as a roadblock for the fertilizer additive market growth

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Global Fertilizer Additives Market: Regional Overview

  • North America

The market is expected to gain higher demand in the region owing to rising agricultural activities. Shortage in arable land, higher spending on enhancing agricultural activities are some of the other factors that drive the market in the North America region. Soaring demand for fertilizers in the region owing to higher need to increase agriculture productivity per acre. This, in turn, is expected to push the demand for additives to boost the overall fertilizer performance.

  • Asia-Pacific

The demand for fertilizer additives in the region is expected to upsurge owing to growth in agriculture activities followed by favorable funding to boost the agriculture yield. Asia-Pacific is the promising region for the fertilizer consumption owing to a huge population in China and India and higher sustainability for urea. India is the third-largest consumer of the ammonia, following China and US for boosting the growth of the agricultural yield.

Global Fertilizer Additives Market: Key Players Overview

  • Arkema:

Arkema is the France-based specialty chemicals and advanced materials manufacturer. The company operates through advanced material, coating solution, adhesives, and intermediates business segment. Arkema offers a range of product for catering the need across consumer goods, nutrition & water, industry, transport & automotive, building & construction, paints & coatings, and electric, electronics and energy. In July 2019, the company acquired the ArrMaz (US), a company offering products for crop nutrition, mining and infrastructure sectors. The acquisition has contributed to adding specialties to the Arkema’s portfolio.

  • Novochem Group:

Novochem group is a Netherland-based company offering products used for water treatment, packaging coatings, and fertilizer additives engage through offering fertilizer additives for dust reduction, coloring, reducing moisture uptake and caking of the fertilizers. The company offers products for inhibiting corrosion, dust reduction, anticaking and imparting color to the fertilizers namely NovoCor, NovoDust, NovoFlow, NovoTech, NovoTin.

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Rep Id : AG 038

Published : 2020-09-18

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