Fertilizer Additives Market

Global Fertilizer Additives Market Size (2023 to 2028)

The size of the global fertilizer additives market is predicted to be valued at USD 2.85 billion in 2023 and is estimated to be growing at a CAGR of 2.6% to reach USD 3.24 billion by 2028.

Global Fertilizer Additives Market Share Insights:

• Based on function, the anticaking agents segment dominated the global market in 2022.
• Based on application, the urea segment led the global market in 2022.
• Based on the form of application, the granular fertilizer segment was the largest share of the global market in 2022.
• Based on region, North America accounted for the major share of the global market in 2022.

The Fertilizer Additives market continues to gain momentum with the increase in demand for fertilizers due to increasing pressure on global food production and development in technologies of fertilizer production. Fertilizer Additives are chemicals added to the fertilizers to enhance their productivity. The demand for high agricultural yields is met with the subsequent demands for high-quality fertilizers and primary nutrients, which in turn is responsible for the rise in the demand for Fertilizer additives.

Research and development in the field of fertilizer manufacturing technology have resulted in evident growth of the fertilizer additives market. Other key factors driving the Fertilizer Additives Market include rising demand for agricultural commodities, ease of application and handling of fertilizers and demand for higher-yield crops.

The fertilizer additives market also faces some restraints and challenges. Some of these factors are the growth of the organic fertilizer industry, the environmental impact of chemical fertilizers, the adverse effects of agrochemicals on human health and stringent government regulations.

REPORT COVERAGE:

This market research report on the global fertilizer additives market is segmented and sub-segmented into the following categories.

Fertilizer Additives Market - By Function:

• Anticaking Agents
• Dedusting Agents
• Antifoaming Agents
• Hydrophobic Agents
• Corrosion Inhibitors

Fertilizer Additives Market – Application:

• Urea
• Ammonium Nitrate
• Diammonium Phosphate
• Monoammonium Phosphate
• Ammonium Sulphate
• Triple Super Phosphate

Fertilizer Additives Market - Form of Application:

• Granular Fertilizers
• Prilled Fertilizers
• Powdered Fertilizers

Fertilizer Additives Market – By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

The overall market share is over 40% globally. Asia-pacific was followed by North America. The reason behind the growth in these regions is the high rate of adoption of new technologies in fertilizer production.

KEY MARKET PLAYERS:

Some of the major companies dominating the Fertilizer Additives market by their products and services include Clariant, KAO Corporation, Novochem Group, Amit Trading Ltd., Arrmaz, Filtra Catalysts & Chemicals Ltd.,  Chemipol, Forbo Technology, Michelman, Tolsa Group, are playing a dominated role in global fertilizer additives market.