Fertilizer Additives Market Current Scenario, Comprehensive Analysis, Future Strategic Planning, Top Companies, Business Statistics by Forecast to 2023

Fertilizer Additives Market Global Research Report by Type (Ammonium Nitrate, Ammonium Sulfate and Mono-Ammonium Phosphate), Form (Powder, Granular and Prilled), Function (Anti-Foaming, Anti-Caking and Corrosion Inhibitors) and Region – Forecast till 2023

pune, India - June 4, 2019 /MarketersMedia/ —

Market Insight
Market Research Future (MRFR) in their recently published report on the fertilizer additives market predicted a steady 2.9% CAGR during the forecast period (2017-2023). Either chemical or natural, fertilizer additives are substances that increase the efficiency of fertilizers. These components mainly carry potassium, sulfur, nitrogen, and phosphorous, things that can enhance the quality of the soil to better the production rate of crops. Fertilizer additives are also used in protecting fertilizers from getting caked during transportation. It improves the shelf-life of the fertilizers with the ingrained preservatives. MRFR while discussing the upcoming market of the fertilizer additives in the report, included several factors that can impact the market substantially and trigger growth. Apart from that, a detailed analysis of the segments is bound to help in the understanding of the market.

Shrinking arable land across the globe is one of the main reasons behind the growth of the fertilizer additives market. The demand is further getting a boost from population explosion which is spurring a huge demand for the best quality crops that would be full of nutrients. Fertilizer additives can be a good solution as they increase the productivity of the crops. At the same time, these additives can work wonder to the land which loses its productivity after a few cycles of production. These additives bring back the quality of the lands lost during the cultivation. These additives also work well during the transportation where the high chances of caking of fertilizers can hamper the entire process. This can trigger corrosion of the equipment as well. But the anti-caking and anti-foaming properties of the fertilizer additives can always guarantee a safe passage which can also promote the fertilizers additive market over the forecast period.

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On the flip side, a growing tendency to avoid chemicals can deter the growth rate of the market. The demand for organically-grown products is also on the rise which can be a hindrance. However, the fertilizer additives market is shifting gradually towards naturally-sourced products which can steer out the market of further complexities.

Key Players Review
As per the report of MRFR the Global Fertilizer Additives Market player to make impact are

• Holland Novochem B.V. (the Netherlands),
• Chemipol SA (Spain),
• ArrMaz Custom Chemicals, Inc. (U.S.),
• Clariant AG (Switzerland),
• Kao Corporation (Japan),
• Michelman, Inc. (U.S.),
• Filtra Catalysts & Chemicals Ltd. (India),
• Hubei Forbon Technology Co. Ltd. (China),
• Amit Trading Ltd. (India) and
• Tolsa SA (Spain).

In September 2018 as a strategic move, OCP Group and Hubei Forbon Group formed a new team to improve their research and development facilities for better fertilizers and promote smart agriculture.

Regional Analysis:
MRFR analysis of the global Fertilizer Additives Market comprises North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

The APAC region has the maximum market share, and this can be attributed to the presence of the market titans that work out of this region. At the same time, a lot of countries rely largely on agriculture as their chief economic back up owing to which, the region is showing promising signs. Lack of arable land, coupled with the booming population, is also a major factor that is driving the market ahead.

North America is following the lead and is riding high on the traction getting generated by the U.S., Canada, and Mexico.

Segmentation
MRFR analyzes the global fertilizer additives market by segmenting it by type, form, and function for a better understanding of the entire market.

Based on the type, the fertilizer additives market can be segmented into ammonium nitrate, mono-ammonium phosphate, ammonium sulfate, triple superphosphate, di-ammonium phosphate, urea, and others. The urea fertilizer additives segment has the charge. Ammonium sulfate is getting much traction owing to its low cost and high use on crops.

Based on the form, the fertilizer additives market includes powder, granular, prilled, and others. The powdered segment has the maximum revenue share in the market. Its easy handling and storage facilities increased its uptake.

Based on the function, the fertilizer additives market comprises de-dusting agents, anti-foaming agents, anti-caking agents, hydrophobic agents, corrosion inhibitors, and others. The anti-caking segment has widespread use in transportation and storage owing to which the segment is enjoying the increased sale.

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