Fertilizer Additives Market Projected to Register 4.2% CAGR through 2028
VALLEY COTTAGE, N.Y. – Demand for fertilizer additives is forecast to increase at a moderate 4.2% annually to US$ 1,445.8 Mn in 2028. Future Market Insights, a leading market research company, released a market intelligence report, presenting a comprehensive analysis of the fertilizer additives market on the basis of product type (anti-caking agents, dust suppressors, drying agents, and granulation agents) and application (Nitrogen, P205, K20, and others).
Overall, sales growth of fertilizer additives will be driven by:
- Growing demand for food, translating into new technologies and improved fertilizers
- Increased emphasis on making fertilizers more efficient with high output
- Better performance and high crop yield
- Developing landscape for sustainable technologies in the agrochemical industry
- Stringency in regulations to keep soil and water pollution at bay
Download the sample copy of Report with table of contents and Figures @ https://www.futuremarketinsights.com/reports/sample/rep-gb-6818Anti-Caking Agents to Lead the Market
Anticaking agents segment is projected to create 1.3X incremental opportunity till 2028, currently being the largest product type category worth US$ 527 Mn. The trend is projected to continue through 2028, considering major demand from solid fertilizers. The increasing demand for anti-caking agent is mostly attributable to its key characteristic to prevent lump formations, making for easy packaging and transportation. Representing well over 55% share of the total market, in terms of value in 2018, anti-caking agent is also expected to witness major innovations in the form of eco-friendly anti-caking agents, by 2028.
“Popular N (Nitrogen) fertilizers will drive the revenue for fertilizer additives, contributing the largest demand share in the total fertilizer market. Moreover, being an important nutrient for crop production—directly influencing the amino acid composition of protein and nutritional quality of the subsequent yield, will positively translate in widespread adoption of N fertilizer. FMI predicts high adoption of fertilizer N in fruit production, oilseeds, fodder crops, horticulture to maintain high level of quantity and quality”- Principal Analyst, Chemicals, Future Market Insights
Increasing demand for N fertilizer owing to its significant role in metabolic interactions in crops, globally is expected to open potential strategizing avenues for manufacturers, with a key critical focus on increasing crop nitrogen use efficiency to further enhance the crop quality, adds the analyst.
Preview Analysis of Fertilizer Additives Market: High Demand for Anticaking Agent Expected to Drive Revenue During the Forecast Period: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028: https://www.futuremarketinsights.com/reports/fertilizer-additives-market
In the highly fragmented fertilizer additives market, Tier 1 players including Clariant AG, Arkema S.A., Kao Corporation and Koch Industries, Inc., among others hold nearly 80 percent of the total market share. With dominance well displayed by key players through an extensive product offering, FMI also underlines the critical role of organic and inorganic growth through strategic collaborations and mergers and acquisitions, across the value chain and its impact on formulating effective fertilizer additives. Whether it is Clariant AG’s agreement with SABIC and Huntsman Corporation or Arkema’s collaboration with Barrday, Inc and its expansion move in China, key players are projected to push their products in untapped markets through such joint ventures.
Additional Takeaways from the Study
- FMI, in its report on global fertilizer additives market, spots high opportunity in granulating agents segment, considering its key function in production of fertilizers
- Stringent regulations focused at curbing air pollution would push dust suppressors’ sales
- The fertilizer additive market is likely to benefit from nanotechnology—in the form of nanoscale additives wherein nanomaterials could either be a micronutrient, fertilizer, supplement component or a binder/water retention material
- High pricing of fertilizer additives, lack of awareness, and government subsidies on conventional fertilizers could pose a challenge for market growth
- High growth agriculture-dependent economies including China and India to present lucrative growth opportunities for fertilizer additives manufacturers
Buy this report @ https://www.futuremarketinsights.com/checkout/6818
Examples of some of the key competitors covered in the fertilizer additives report include –
- Clariant AG
- Arkema S.A.
- Dorf Ketal
- Michelman Inc.
- Hubei Forbon Technology Co. Ltd
- among others.
Our advisory services are aimed at helping you with specific, customized insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-6818
More from Chemicals & Materials :
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Mr. Abhishek Budholiya
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
T (UK): + 44-(0)-20-7692-8790
Press Office: Press@futuremarketinsights.com
Blog: Market Research Blog