North America Fertilizer Additives Market was worth USD 1.15 billion in 2021 and estimated to be growing at a CAGR of 2.73%, to reach USD 2.19 billion by 2026. The market is showing immense potential in the given forecast period. The North America Fertilizer Additives Market continues to grow with the increase in demand for fertilizers, due to increasing pressure on food production in North America and development in the technology of fertilizer production.
Fertilizer Additives are compounds added to the fertilizers in order to enhance their productivity. The demand for high yields in agriculture is met with the subsequent requirements for high-quality fertilizers and primary nutrients, which in turn is responsible for the increase in the demand for Fertilizer additives.
Drivers and Restraints:
The Research and development in fertilizer manufacturing technology have led to an evident growth of the market of fertilizer additives. Other key factors driving the growth of the North America Fertilizer Additives Market include ease of application and handling of fertilizers, rising demand for agricultural commodities, and demand for higher yield crops. Further, factors such as the environmental impact of chemical fertilizers, growth of organic fertilizer industry, adverse effects of agrochemicals on human health, and stringent government regulations are hindering the North America Fertilizer Additives Market growth.
Based on function, the market is segmented into Anticaking Agents, Dedusting Agents, On the basis of geography, the North America Fertilizer Additives Market is analyzed under two countries namely United States and Canada.
Some of the major companies leading the North America Fertilizer Additives Market include Clariant, KAO Corporation, Michelman, Novochem Group, Arrmaz, Amit Trading Ltd., Filtra Catalysts & Chemicals Ltd., Forbon Technology, Chemipol, Tolsa Group.
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