Fertilizer Additives Market Size worth 2.91 Billion USD by 2021 | Top Companies, SWOT Analysis, Segments & Future Growth Scope

CITY – Northbrook, Country – USA, 2020-Mar-18 — /EPR Network/

The global fertilizer additives market size is projected to grow at a CAGR of 2.6%, to reach a projected value of USD 2.91 Billion by 2021. The rising need for primary nutrients and high quality of fertilizers have also led to a surge in demand for increasing agricultural yields. These factors are driving the demand for fertilizer additives across regions.

Browse 105 market data Tables and 48 Figures spread through 146 Pages and in-depth TOC on “Fertilizer Additives Market – Global Forecast to 2021”

Fertilizer additives are the substances that improve or enhance the quality and integrity of fertilizers. These are specially engineered and developed to encounter problems such as foaming, dedusting, moisture, and caking among others. The demand of fertilizer additives is entirely dependent on the growth of the fertilizer industry. Furthermore, the shrinking arable land, adoption of new technologies in fertilizer production, and the increasing willingness of farmers to spend more for higher productivity are some important factors that contribute to the increasing demand for fertilizer additives.

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Anticaking segment to dominate the fertilizer additives market

Caking is a problem that occurs during the processing, storage, and transportation of fertilizers. Since fertilizers are hygroscopic, salt bridge forms in the process of evaporation and recrystallization. Caked fertilizers are difficult to use and can cause spreading problems. This can lead to a reduction in yield and crop quality. Since most fertilizers are sold in granular, prilled, and powdered form, the anticaking segment of the fertilizer additives market accounted for the largest market share in the global market in 2015.

Urea segment accounted for the largest share in 2015

Worldwide, urea is one of the most widely used dry granular sources of nitrogen. It is preferred by the fertilizer manufacturing industry since it is relatively easy to manufacture. Urea usually has the lowest cost per pound of nitrogen compared to other single-element nitrogen fertilizers. However, urea undergoes unique chemical transformations when stored or transported, and severe losses in quality may result if proper additives are not used while manufacturing the fertilizer. Hence, fertilizer additives are used on a large scale for the manufacturing of Urea.

Increase in the usage of fertilizers and increase in farm expenditure: Key to success in the Asia-Pacific and Latin American regions

China and Brazil constituted the largest country-level markets in the Asia-Pacific and Latin American regions, respectively, in 2015. Government initiatives such as subsidies and incentive schemes, increase in awareness regarding the benefits of fertilizers, and increase in farm expenditure have led to the use of additives on a large scale in the manufacturing of fertilizers. Asia-Pacific dominated the market and accounted for the largest market share globally in 2015.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Clairant (Switzerland), KAO Corporation (Japan), Novochem Group (Netherlands), and ArrMaz (U.S.) among others.

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