Global Fertilizer Additives Market Report 2022 – Market Forecast, Trends And Strategies
28 Sep, 2022
The global fertilizer additives market size is expected to grow from $2.73 billion in 2021 to $2.85 billion in 2022 at a compound annual growth rate (CAGR) of 4.32%. The global fertilizer additive market size is expected to reach $3.24 billion in 2026 at a CAGR of 3.30%.
What is the Global Fertilizer Additives Market?
The fertilizer additives market consists of sales of fertilizer additive products by entities (organization, partnership, sole-traders) that are type of chemical additives or materials that are mixed with fertilizers such as urea, ammonium nitrate, calcium ammonium nitrate, and others to improve the quality and performance of fertilizers. It is also used to prevent the loss of important macro and micronutrients including nitrogen, phosphorus, potassium, calcium, manganese, and iron from soil as well as environment. Farmers widely use it to develop healthy, nutrient-dense crops and ensure soil fertility for the long run.
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What drives the Global Fertilizer Additives Market?
The adoption of new technologies is a key trend gaining popularity in the fertilizer additives market. The companies operating in fertilizer additives market are utilizing ammonia technology, urea formaldehyde concentrate technology and nanotechnology in their product development and manufacturing process to reduce their carbon footprint and shift towards environmental-friendly manufacturing process. For instance, in May 2021, Stamicarbon has announced the introduction of Stami Green Ammonia Technology as a solution to the world carbon problem. To eliminate carbon from the process, the technique uses renewable resources rather of fossil fuels, paving the door for sustainable and green fertilizer production.
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https://www.thebusinessresearchcompany.com/report/fertilizer-additives-global-market-reportGlobal Fertilizer Additives Market Segments
The global fertilizer additives market is segmented:
By Type: Dust Control Agent, Anti-Caking Agent, Anti-Foam Agents, Granulation Aids, Colorants, Corrosion Inhibitors, Hydrophobing Agents
By Form: Granular, Prilled, Powdered
By Application: Urea, Ammonium nitrate, Diammonium phosphate, Monoammonium phosphate, Ammonium sulfate, Triple superphosphate, Others
By Geography: The regions covered in the fertilizer additives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global fertilizer additives market.
Fertilizer Additives Global Market Report 2022provides market size and growth forecasts for the global fertilizer additives market, global fertilizer additives market share, fertilizer additives market segments and geographies, fertilizer additives market competitive landscape including leading competitors’ revenues, profiles and market shares. The fertilizer additives market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Fertilizer Additives Industry Playersinclude KAO Corporation, Novochem Group, Clariant, Solvay, Filtra Catalysts & Chemicals Ltd., ArrMaz, Chemipol, Forbon Technology, Michelman, Inc., Tolsa Group, Dorf Ketal, Corteva Agriscience, BASF SE, Holland Novochem BV, and Hubei Forbon Technology Co., Ltd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.