Fertilizer Additives Industry Report Revenue, Share with Companies, Regional Growth, Forecast
Market Overview:
Fertilizer additives
are supplemented with fertilizers in order to enhance its functionality. The
increasing demand for agricultural products coupled with the high demand for
essential nutrients and superior quality fertilizers has uplifted the demand
for the fertilizer additives. These additives are used as an anti-foaming,
anti-caking, de-dusting, and hydrophobic agents.
Competitive analysis:
The major players in
the fertilizer additives market
- ArrMaz Custom Chemicals, Inc. (U.S.)
- Holland Novochem B.V. (the Netherlands)
- Kao Corporation (Japan)
- Clariant AG (Switzerland)
- Hubei Forbon Technology Co. Ltd. (China)
- Michelman, Inc. (U.S.)
- Filtra Catalysts & Chemicals Ltd.
(India)
- Chemipol SA (Spain)
- Amit Trading Ltd. (India)
- Tolsa SA (Spain)
Market Forecast:
The global fertilizer
additives market is growing due to increasing population coupled with
increasing demand for food. In addition to the increasing population, growing
demand for food, increase in the crop production, soil efficiency, and
high-quality yield is expected to drive the fertilizer additives market.
Additionally, increasing awareness regarding fertilizer additives has raised
the bar for quality, which, in turn, has increased the market share of
fertilizer additives globally. Mass market penetration is leading to the
introduction of new products based out of fertilizer additives and their retail
across various regions.
Moreover, increasing
demand for agricultural additives for crop productivity is projected to drive
the growth of the global fertilizer additives market overview. The market
players are responding to these new opportunities by expanding their product
lines, which has boosted the share of the fertilizer additives in the global
market. The global fertilizer additives market is expected to grow at a CAGR of
2.9% during the forecast period, 2017-2023.
Downstream
analysis:
The global fertilizer
additives market is segmented into type, form, and function.
On the basis of the
type, it is segmented into ammonium nitrate, ammonium sulfate, mono-ammonium
phosphate, di-ammonium phosphate, triple superphosphate, urea, and others.
Among all, the urea fertilizer additives segment is dominating the market.
On the basis of the
form, it is segmented into powder, granular, prilled, and others. The powdered
segment is dominating the market.
On the basis of the
function, the fertilizer additives technology industry is segmented into
anti-foaming agent, anti-caking agents, corrosion inhibitors, hydrophobic
agent, de-dusting agent, and others. Among all the functions, the anti-caking
segment is dominating the market.
Regional Analysis:
The global fertilizer
additives industry report is segmented into North America, Europe, Asia
Pacific, and rest of the world (RoW). The Asia Pacific region is dominating the
fertilizer additives market followed by North America owing to rising
population followed by increasing consumption of agricultural products in the
developing regions. Moreover, agriculture is the key business in India, which
is anticipated to drive the fertilizer additives market over the forecast
period.
Furthermore, the U.S.
dominates the North American fertilizer additives market owing to increasing
consumer awareness and growing demand for fruits, vegetables, cereals, pulses,
and other crops, which is anticipated to boost the growth of the fertilizer
additives market during the review period.
NOTE: Our Team of
Researchers are Studying Covid19 and its Impact on Various Industry Verticals
and wherever required we will be considering Covid19 Footprints for Better
Analysis of Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market Research
Future (part of Wantstats Research and Media Private Limited),
Comments
Post a Comment