Global Fertilizer Additives market outlook 2024, Forecast To 2033
31 Jan, 2024
The fertilizer additives market has demonstrated robust growth, increasing from $3.09 billion in 2023 to $3.28 billion in 2024, with a compound annual growth rate (CAGR) of 6.2%. The surge in the historic period is linked to soil nutrient depletion, agricultural productivity, environmental regulations, crop-specific solutions, and fertilizer efficiency. Looking ahead, the market is poised for substantial growth, reaching $4.2 billion in 2028, with a CAGR of 6.4%. Contributing factors include precision agriculture, climate change adaptation, organic farming and organic additives, bio-based and biodegradable additives, and customized nutrient blends. Major trends in the forecast period encompass controlled-release fertilizers, nutrient stabilizers, nano and micronutrient additives, data-driven farming, and the adoption of sustainable packaging.
Global Fertilizer Additives Market Key Driver
The fertilizer additives market is witnessing growth with the rise in demand for agricultural commodities. Global agricultural production is expected to increase from 766 million tons in 2020 to 839 million tons in 2030, driving the demand for fertilizer additives. This trend is expected to continue in 2023, 2024, and 2028.
Get A Free Sample Of The Global Fertilizer Additives Market ReportGlobal Fertilizer Additives Market Segments
The global fertilizer additives market covered in this report is segmented –
1) By Type: Dust Control Agent, Anti-Caking Agent, Anti-foam Agents, Granulation Aids, Colorants, Corrosion Inhibitors, Hydrophobing Agents
2) By Form: Granular, Prilled, Powdered
3) By Application: Urea, Ammonium nitrate, Diammonium phosphate, Monoammonium phosphate, Ammonium sulfate, Triple superphosphate, Other Applications
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.
North Americawas the largest region in the fertilizer additives market in 2023. Asia-Pacificis expected to be the fastest-growing region in the forecast period. The regions covered in the fertilizer additives market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Fertilizer Additives Industry Players
KAO Corporation, Clariant AG, Filtra Catalysts & Chemicals Ltd., Novochem Group, Solvay SA, Agrium Inc., Bio Huma Netics Inc., Bunge Limited, Compass Minerals, Compo Expert GmbH, Fertilizer Industry Round Table, Haifa Group, Helena Agri-Enterprises, Israel Chemicals Ltd., Kali und Salz GmbH, Kingenta Ecological Engineering Group, Koch Industries Inc., Lamberti Group, Nufarm Ltd., Nutra-Flo Company, Nutrien Ltd., Plant Food Company Inc., Soil Technologies Corporation, Sociedad Química y Minera de Chile, Stoller Enterprises Ltd., The Andersons Inc., Timac Agro USA, Tradecorp International, UPL Limited, Valagro SpA, Verdesian Life Sciences LLC, Wilbur-Ellis Company, Yara International ASA
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Fertilizer Additives Market Overview
Fertilizer additives are a type of chemical additive or material that is mixed with fertilizers such as urea, ammonium nitrate, calcium ammonium nitrate, and others to improve the quality and performance of the fertilizers. It is also used to prevent the loss of important macro- and micronutrients, including nitrogen, phosphorus, potassium, calcium, manganese, and iron, from soil and the environment. Farmers widely use it to develop healthy, nutrient-dense crops and ensure soil fertility in the long run.
Fertilizer Additives Global Market Report 2023 provides data on the global fertilizer additives market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The fertilizer additives market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.