Global Fertilizer Additives Market is valued at USD 3.04 Billion in 2021 and is expected to reach USD 3.97 Billion by 2028 with a CAGR of 3.88% over the forecast period.
The fertilizer additives have been used in crops which are field for enhancing the qualities of soil and fertilizers and the providing of stability. They are retaining the nutrients in soil like nitrogen, potassium, phosphorus and sulfur and preventing of corrosion of the container of transportation. Such advantages are boosting the global fertilizer additives market growth.
Fertilizers are synthetic or natural materials which have been applied to the plant or soil tissues for the supply essential nutrients to grow the plants. They are also offering the anti-foaming and anti-caking characteristics of the fertilizers. The foams may cause the serious problems for the surface coatings. The fertilizers may be helping for triggering the insufficient absorption of the nutrients by the plants and soil which is leading to the loss of the soil fertility as well as the retard plant growth. A few of the chemical formulae have been available for preventing formation of foam. Some of the fertilizers have been available in the granular form or powdered for the formation of caking has been higher in such materials which are going to result in the product loss. For avoiding of these situations, the agents have been used for the facilitating of the easy consumption.
The global fertilizer additives market have been categorized on the basis of form like the prills, powder, granules as well as others. On the basis of application, the global fertilizer additives market has been classified as the triple super phosphate, mono ammonium phosphate, diammonium phosphate, urea, ammonium nitrate, ammonium sulfate as well as others. Moreover, the global fertilizer additives market has been divided for the function as antifoam agents, corrosion inhibitors, hydrophobic agents and anti-caking agents as well as others.
The key players which are dominating the global fertilizer additives market are the,
Popularity of these fertilizer additives in the sector of farmers has been increasing for preventing the essential nutrients might be driving the global fertilizer additives market for the next few years. They are also performing a few of the important functions like the corrosion inhibitors, anti-dusting agents as well as hydrophobic agents in the transportation and storage as this is expected to see a boost in the growth of the global market. The global fertilizer additives market has been seeing a good amount of growth in the last few years and also expected to show a good amount of growth in the coming years.
The Asia Pacific region holds the biggest share in the market all over the world. India and China has been accounting for the biggest share in the market because of the vast zones of the countries. The primary occupation for Indians is agriculture and this is going to drive the global fertilizer additives market all over the world in the coming years. Japan has been showing a good amount of growth because of the presence of the largest consumers. Another region has been North America which is growing at a faster level for grabbing the market chunk. Additionally, the planning of nutrient management has been increasing which has resulted in the rise of fertilizer additives demand in the market. Europe is another region which is adding to the growth in the global fertilizer additives market.
Middle East and Africa
|Historical data||2018 - 2021|
|Forecast Period||2022 - 2028|
|Market Size in 2021:||USD 3.04 Billion|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 3.97 Billion|
|Tables, Charts & Figures:||175|
|Fertilizer Additives Companies||Roblox Corporation, Microsoft, Activision Blizzard, Electronic Arts, Take-Two, Tencent Holdings Ltd, NetEase, Magic Leap, Inc., Epic Games, Other|
|Segments Covered||By Type, By Application, By Form|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|