Press release
Fertilizer Additives Market is Expected to Grow at a CAGR of 3.2% During Forecast Period 2021-2031
The global fertilizer additives market has witnessed a moderate growth rate at a CAGR of 3.2% over the past half-decade. However, the ongoing COVID-19 outbreak, especially in South Asia & Oceania and North America, has effected the movement of people, cascading the effect towards the fertilizer additives market.Lowered prices of agricultural products over the 3rd quarter has declined the demand for fertilizer additives in Europe and North America. Growth rate of the market could be analyzed with respect to the nominal growing and mature agricultural chemicals demand.
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The report offers actionable and valuable market insights of Fertilizer Additives. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Fertilizer Additives Market across various industries and regions.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Fertilizer Additives market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Fertilizer Additives
Fertilizer Additives Market Product Type Insights
Anti-caking fertilizer additives are extensively utilized for maintaining the surface area of the fertilizers produced. Most fertilizers being stored in controlled temperatures catch moisture and coagulate forming clumps. Therefore, utilization of anti-caking additives is set to thrive in the fertilizer additives market.
Silicon dioxide, iron ammonium citrate, and yellow prussiate of soda are the potent anti-caking agents used in fertilizer additives. Demand for anti-caking agents has been fluctuating since the past half-decade, owing to their negative affects on crops and end-use consumers.
By the mid-term forecast period, cheaper natural substitutes are expected to penetrate the market, closing the doors for conventionally used fertilizer additives
Apart from anti-caking agents, drying agents, dust suppressors, and granulation additives also play a major role in driving the growth of the fertilizer additives market.
Fertilizer Additives Market Application Insights
Demand for fertilizer additives has drastically risen over the past half-decade, owing to increased utilization of fertilizers to ensure the quality of the product. Majority of fertilizer additive applications lie in pre-packaging in the industry to ensure the quality of the product. Fertilizer additives reduce the cost of inventory owing to their function of anti-caking and drying. Different fertilizer additives are added for different purposes in various atmosphere ranges. For instance, for fertilizers manufactured in humid regions, the tendency is to utilize anti-caking and drying agents.
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Fertilizer Additives Market: Segmentation
Fact.MR has studied the fertilizer additives market with detailed segmentation on the basis of type, application, and key regions.
Type
• Anti-caking Agents
• Dust Suppressors
• Drying Agents
• Granulating Agents
• Others
Application
• Nitrogen
• Phosphorous Pentoxide
• Potassium Oxide
• Others
Region
• North America
• Latin America
• Eastern Europe
• Western Europe
• Asia Pacific Excluding Japan
• Japan
• Middle East & Africa
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Fertilizer Additives Market Manufacturers: Key Strategies
The global fertilizer additives market is fairly consolidated in nature. Arkema S.A, ArrMaz, Chemipol S.A, Clariant AG, and Dorf Ketal are among the tier 1-players. According to Fact.MR estimates, together, these companies are projected to account for more than 30% of the global market share in 2020. Key manufacturers are observed to be involved in research & development, and collaborating with key fertilizer manufacturers to enhance their market share.
Key companies in the fertilizer additives market are involved in the organic market approach and are keenly looking to expand their product portfolios of fertilizer additives.
Key Takeaways from Global Fertilizer Additives Market Study
• The global fertilizer additives market is anticipated to create a value opportunity of around US$ 500 Mn during the forecast period, adding 1.5X more value as compared to 2019.
• APEJ will account for more than 38% of the global fertilizer additives market by the end of the 2030, in terms of value.
• Anti-caking agents is the most promising segment, and is projected to gain more than 2% over the period of 2020-2030, owing to their extensive utilization in the fertilizer industry.
• Drying agents are set to lose 40 BPS by the end of the forecast period, whereas, the granulation segment is set to maintain its pace through 2030.
• Western and Eastern Europe together account for nearly a quarter of the global fertilizer additives market share.
• The COVID-19 pandemic has put the brakes on the growth of the global fertilizer additives market, with normal growth expected to resume in Q2 of 2021.
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Report Benefits & Key Questions Answered
• Fertilizer Additives Company & brand share analysis: The report offers brand-share analysis on Fertilizer Additives market to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
• Fertilizer Additives Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.
• Fertilizer Additives Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
• Fertilizer Additives Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
• Fertilizer Additives Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.
• Post COVID consumer spending on Fertilizer Additives: The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on Fertilizer Additives sales.
• More Valuable Insights on Fertilizer Additives Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Fertilizer Additives, Sales and Demand of Fertilizer Additives, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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