#FertilizerAdditivesMarketshare

[skyquesttinsights]

Fertilizer Additives Market Growth Drivers and Trends: What’s Next for 2032?

The global fertilizer additives market is witnessing significant growth due to the increasing demand for efficient agricultural practices, the rise in food production, and the need for improved soil health. Fertilizer additives, which are used to enhance the performance and efficacy of fertilizers, are becoming integral components in modern agricultural practices. These additives help in reducing nutrient loss, improving fertilizer uptake, enhancing nutrient release, and ensuring better crop yields. As the agriculture industry evolves with the advancement of technologies and growing concerns about environmental sustainability, the fertilizer additives market is expected to see substantial growth in the coming years.

Fertilizer additives are substances incorporated into fertilizers to improve their functionality, effectiveness, and safety. They are typically used to control the release rate of nutrients, reduce leaching, enhance nutrient absorption, and prevent the formation of harmful by-products. The key types of fertilizer additives include stabilizers, anti-caking agents, coating agents, release control agents, and others.

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These additives are applied to various types of fertilizers, including nitrogen-based, phosphorous-based, and potassium-based fertilizers, to improve their efficiency and minimize nutrient loss. Fertilizer additives are crucial in both conventional and organic farming systems, especially in areas facing soil degradation, water scarcity, and increasing demand for higher crop yields.

Market Drivers

1. Increasing Demand for Food Production: The global population is steadily growing, and with it, the demand for food. As a result, there is a significant increase in the need for high-efficiency fertilizers to enhance crop productivity and ensure a stable food supply. Fertilizer additives play a pivotal role in optimizing fertilizer use to meet this growing demand.

2. Technological Advancements in Agriculture: Technological innovations such as precision agriculture, controlled-release fertilizers, and smart farming solutions are driving the demand for fertilizer additives. These technologies aim to minimize waste, increase fertilizer efficiency, and reduce environmental impact, which boosts the need for high-performance additives.

3. Environmental Concerns and Sustainability: Fertilizer additives help reduce nutrient loss and decrease the environmental impact of fertilizers. By improving the efficiency of fertilizers, they help reduce nutrient runoff into water bodies, which can cause pollution and eutrophication. Environmental regulations aimed at reducing greenhouse gas emissions and the carbon footprint of agriculture are also contributing to the growth of the fertilizer additives market.

4. Soil Health and Fertility Concerns: Over time, soils can become depleted of essential nutrients, leading to decreased agricultural productivity. Fertilizer additives help to optimize nutrient delivery and improve the overall health of the soil. This is particularly important in regions where soil degradation is a significant concern.

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Market Segmentation

The fertilizer additives market can be segmented based on product type, application, and region.

By Product Type:

1. Stabilizers: These additives slow down the breakdown of fertilizers, ensuring that nutrients are released gradually, preventing leaching, and maximizing fertilizer efficiency.

2. Anti-Caking Agents: These agents prevent fertilizers from clumping together, making them easier to apply and improving their storage stability.

3. Coating Agents: Coating additives are used to encase fertilizers, controlling the release of nutrients over time and reducing the risk of nutrient loss.

4. Release Control Agents: These additives regulate the release rate of fertilizers, ensuring that nutrients are available to crops when needed, which helps reduce wastage and improves nutrient uptake.

5. Others: This category includes a range of other additives, such as buffering agents, chelating agents, and dispersing agents, which enhance the performance of fertilizers.

By Application:

1. Cereals and Grains: Fertilizer additives are extensively used in the cultivation of cereals and grains, including wheat, rice, and corn, to improve productivity.

2. Fruits and Vegetables: Additives are crucial in maximizing crop yields and quality in the fruit and vegetable sector, where nutrient optimization is key.

3. Oilseeds: Fertilizer additives support oilseed production, including crops like soybeans and sunflower, which are vital for food and biofuel production.

4. Others: This includes horticultural crops, turf grass, and ornamental plants.

By Region:

1. North America: The North American fertilizer additives market is growing steadily, driven by technological advancements, increasing crop production demands, and a focus on sustainable farming practices.

2. Europe: In Europe, environmental sustainability and regulatory policies are significant drivers of the market. There is an increasing demand for products that improve the efficiency of fertilizers while reducing environmental damage.

3. Asia Pacific: The Asia-Pacific region, particularly China and India, is expected to see rapid growth in the fertilizer additives market. The region has a large agricultural base, and the demand for fertilizers is high due to increasing food production needs.

4. Latin America: Latin America is a growing market for fertilizer additives, driven by the demand for improving crop yields in countries like Brazil and Argentina.

5. Middle East & Africa: Fertilizer additives are seeing increased use in regions with arid climates and limited water resources, where efficient fertilizer use is crucial for maintaining crop productivity.

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Key Market Players

Several key players dominate the global fertilizer additives market, offering a wide range of products to meet the diverse needs of the agriculture sector. Some of the prominent companies include:

ArrMaz (US)

Clariant AG (Switzerland)

Nutrien Ltd. (Canada)

Kao Corporation (Japan)

Solvay SA (Belgium)

BASF SE (Germany)

The Dow Chemical Company (US)

AkzoNobel N.V. (Netherlands)

ChemSol LLC (US)

Michelman, Inc. (US)

Tolsa Group (Spain)

Novochem Group (Netherlands)

Croda International Plc (UK)

Huntsman International LLC (US)

Evonik Industries AG (Germany)

SABIC (Saudi Arabia)

Borregaard (Norway)

TATA Chemicals Limited (India)

ICL Group (Israel)

Arkema Group (France)

These companies are investing in research and development to innovate new and advanced fertilizer additives. They are also expanding their product portfolios to cater to the growing demand for eco-friendly and sustainable farming practices.

Market Challenges

1. High Production Costs: The manufacturing process of fertilizer additives can be costly due to the need for specialized raw materials and complex formulations. This can lead to higher prices for end-users.

2. Regulatory Challenges: The fertilizer industry is heavily regulated, especially concerning environmental standards. Compliance with these regulations can increase the operational costs for manufacturers and hinder market growth.

3. Supply Chain Disruptions: The global supply chain for raw materials, especially chemicals used in fertilizer additives, is susceptible to disruptions. This can lead to delays in production and increased costs.

Future Outlook and Growth Projections

The fertilizer additives market is expected to grow at a significant pace through 2032. It is projected to achieve a compound annual growth rate (CAGR) of 5.30% from 2025 to 2032. Key factors driving this growth include increased agricultural production, technological advancements, and a heightened focus on sustainability. As the agricultural sector continues to face challenges such as climate change, soil degradation, and water scarcity, the demand for efficient and environmentally friendly fertilizers is set to rise, providing ample opportunities for fertilizer additives manufacturers.

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The fertilizer additives market is positioned for robust growth in the coming years. With technological advancements, a growing global population, and increasing awareness of sustainable farming practices, the market is expected to witness significant transformations. Industry stakeholders must continue to innovate and address challenges to capitalize on the opportunities within this expanding market.

[sweetyiarc]

Fertilizer Additives Market Size Forecast to Reach US$ 1.7 Billion by 2026

Fertilizer Additives Market size is forecast to reach US$ 1.7 billion by 2026, after growing at a CAGR of 3.5% during 2021-2026. Fertilizer additives are chemicals that are used to prevent the loss of important macro and micronutrients such as nitrogen, phosphorus, potassium, calcium, manganese, and iron from fertilizers. Loss of these nutrients can have consequences like deterioration of the excellence of the fertilizers, ultimately have an effect on their productivity. It can be used as Anti-Dust Agents, Anti-Caking Agents, Hydrophobic agents, Corrosion Inhibitors which are also available for each type of production processes, such as blending, prilling, granulation, and crystallization, and for fertilizers like Diammonium phosphate, Ammonium sulfate, Calcium Nitrate, Urea, Triple superphosphate, and others. Further, it is also used in hydroponic nutrients to improve plants' immunity on a few fronts. The Asia Pacific is expected to witness the highest demand for fertilizer additives over the forecast period with countries such as India, China, and Bangladesh at the forefront. The demand for fertilizer additives is mainly dependent on the growth of the fertilizer industry. Further, the shrinking arable land, adoption of new technology in fertilizer production, and the increasing willingness of farmers to spend more for increased productivity are some important factors that contribute to the growing demand for fertilizer additives.

COVID-19 Impact

Covid-19 brought the world economy to its knees, with the fertilizer additives market not being an exception. During the covid19 pandemic, the agriculture sector went through plight as the lockdown coincided with the period when farm activity was at its peak. This resulted in the limitation of transport facilities, laborers, and the absence of machine fixes mechanics. The impact on the agriculture sector directly affects the growth of the fertilizer additives market. Although the sector was poised for quick recovery and witnessed growth in production and as well as exports.

Fertilizer Additives Market Segment Analysis – By Product Type

Anti-Caking Agents held the largest share of 30% in the Fertilizer Additives Market in 2020. Most fertilizers drift to agglomerates during storage and when fertilizer is not free-flowing, there will be irregular delivery during field application. These situations can weaken and at times even damage the value of fertilizer, and in some cases, generate safety threats for workers in the industry. Enhancing anti-caking agents in fertilizer can enhance product marketability, improve workplace safety, equipment protection, reduce logistics and handling costs, easier regulatory compliance, reduced airborne dust. And when a supplier is able to go to market with an appropriately treated fertilizer product, it will give the full market value for their product while minimizing the potential for quality claims. Thus, the demand for anti-caking agents is likely to directly boost the fertilizer additives market.

Request for Sample Report  @ https://www.industryarc.com/pdfdownload.php?id=7370

Report Price: $ 4500 (Single User License)

Fertilizer Additives Market Segment Analysis – By Application

Urea dominates the Fertilizer Additives Market growing at a CAGR of 3.7% during the forecast period. It is a broadly used source of fertilizer nitrogen worldwide. The critical relative humidity of urea is high compared to the ammonium nitrate and calcium ammonium nitrate. Due to this, it can withstand hot and humid climate conditions. Also, up to 0.3%, the moisture content of urea is ideal to avoid problems such as caking. Moisture content above 0.3% results in the deterioration of urea during storage and the adverse effects of urea fertilizers on seed germination and seedling growth in the soil is due to ammonia produced. These all can be eliminated by the addition of additives to these fertilizers. According to World Fertilizer, Togliattiazot, a known player, has constructed and installed its third urea unit consist of a granulation tower, a reactor, distillation columns, and a hydrolyzer. The design capacity of the unit will amount to 2200 tpd of urea, which will increase the production capacity of the enterprise for the production of urea by more than 70%. Such initiatives in the growth of urea fertilizer directly impact the escalation of the fertilizer additives market.

Fertilizer Additives Market Segment Analysis - By End-Use Industry

Agriculture dominates the Fertilizer Additives Market growing at a CAGR of 6.8% during the forecast period. With the global population steadily growing, it is important that enough crops are produced each year to provide food, clothing, and other agricultural products to people around the world. Fertilizers play an important role in providing crops with the nutrients they need to grow and be harvested for nutritious food. It helps deliver enough food to feed the world’s population. And to that fertilizer additives improve the quality and stability of fertilizers and soil, avoid loss of nutrients such as nitrogen, phosphorus, potassium, and sulfur, and prevent corrosion of the container used for transportation. They also provide anti-foaming and anti-caking characteristics to the fertilizer. According to the Food and Agriculture Organization (FAO), more than 60% of the world's population depends on agriculture for survival and there is a number of development projects are initiated such as Farmaid, a plant disease detection robot, Smartagro, Smart farms, generating techno-environmental and many more. The development and the progressing initiatives in the agriculture field will certainly increase the demand growth of fertilizer additives.

Fertilizer Additives Market Segment Analysis - Geography

Asia Pacific region held the largest share in the Fertilizer Additives Market in 2020 up to 44% followed by North America and Europe. Land constraints and growing population and urbanization throughout Asia underscore the need for environmentally sound technologies to sustain agricultural growth. This also encourages the application of fertilizer additives. Moreover, increasing farm expenditure has led to the increased market growth of fertilizer additives in this region. According to Food and Agriculture Organization (FAO), the Asia Pacific region contains 1836 million2 people of which 62 % are directly involved in agriculture. It has made great strides in reducing poverty and hunger over the past four decades. Strong agricultural growth based on improved seeds and growth in yields (the Green Revolution) played a vital role in this process by raising rural incomes and increasing food availability, which kept food prices low. The fertilizer additives play a vital role in all such development and so the demand went high in this region.

Fertilizer Additives Market Drivers

Coloring Agents that are fully Compatible with Fertilizer Additives

Coloring agents contribute to the fertilizer food processor an influential implement to differentiate their fertilizers, focus the level of quality, and encourage their appeal. Some fertilizer end-users need diverse fertilizer blends to determine which crop is being addressed. However, when fertilizers all look alike, it can be difficult to ensure the appropriate fertilizer is matched with the relevant crop. A solution would be to color a tomato-specific fertilizer red and one designed for leafy vegetables green. Color can be utilized for more than just a visually pleasing afterthought, it can be a valued contribution to a formulation. Any color can be supplied and applied directly into the fertilizer blending process together with additives to give the fertilizer color. The coloring agent demand growing high as it contributes to dust control and caking control in the fertilizer and the demand escalation in the fertilizer end-use industries.

Corrosion Inhibitors in Fertilizer

Corrosion is the deterioration of materials by chemical interaction with their environment. The consequences of corrosion are many and varied. The effects of these on the safe, reliable and efficient operation of equipment or structures are often more serious than the simple loss of a mass of metal but can affect the human digestive tract, respiratory tract, eyes, and skin. For instance, Urea Ammonium Nitrate (UAN) is highly corrosive to agricultural application equipment, and without proper treatment, can increase maintenance costs and cause unscheduled product storage and transfer equipment failures. Corrosion inhibitors are specifically designed for the agricultural chemical industry and incorporate corrosion inhibitors to address potential corrosion in the production, storage and transportation processes and which makes demands high in the agriculture sector and which significantly have a positive impact on the fertilizer additives market.

Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=7370

Fertilizer Additives Market Challenges

Additives may degrade the nutrients in fertilizer

Anti-caking agents are extensively used in fertilizers to prevent the formation of lumps. They are added to prevent the breakdown of certain nutrients, especially vitamins. However, it has been found that anti-caking agents can significantly affect the chemical stability of vitamins and probably may degrade the nutrients in a powdered formulation. Instead of protecting certain nutrients, it may accelerate the breakdown of beneficial compounds which seems to hamper the growth of the fertilizer additives market.

Fertilizers are toxic to the skin and respiratory system

Plant fertilizers can be poisonous to people and pets if they are inhaled or unintentionally ingested. Handling the fertilizer may trigger skin irritation, and ingesting it may be poisonous. Nitrates are the ingredients that cause the poisoning. Nitrates are a form of nitrogen that plants can easily absorb. Nitrogen is essential for plant growth, but it can be very dangerous when present at high levels in humans. Within our bodies, nitrates lower the ability of the red blood cells to carry and deliver oxygen. These setbacks in fertilizer production are expected to have a negative impact on the fertilizer additives industry

Fertilizer Additives Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Window Films Market. Major players in the Window Films Market are Clariant, KAO Corporation, Novochem Group), ArrMaz, Togliattiazot, Filtra Catalysts & Chemicals Ltd., Chemipol, Michelman, Tolsa Group, Forbon Technology, and Solvay.

Acquisitions/Technology Launches / Product Launches

In July 2019, West Central, a known company, launched New Broadcast Fertilizer Additive, ‘Trivar’. It is the first crop protection additive designed for broadcast phosphorus application to maximize crop yields.

Related

Key Takeaways

Asia Pacific dominates the Fertilizer Additives Market owing to a rapid increase in the Agriculture sector.

The market drivers and restraints have been assessed to understand their impact on the forecast period.

The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.

The other key areas of focus include the various applications and end-use industry in Fertilizer Additives Market and their specific segmented revenue.

Due to the COVID-19 pandemic, most of the countries have gone under temporary shutdown, due to which operations of Fertilizer Additives related industries have been negatively affected, thus hampering the growth of the market.

Related Reports

A.Nitrogenous Fertilizer Market

https://www.industryarc.com/Report/16179/nitrogenous-fertilizer-market.html

B.Chitin Fertilizer Market

https://www.industryarc.com/Research/Chitin-Fertilizer-Market-Research-501434

For more Chemicals and Materials Market reports, please click here

[industryarcmarketresearch]

Fertilizer Additives Market Size Forecast to Reach US$ 1.7 Billion by 2026

IndustryARC Chemicals and Materials - Tuesday, November 9, 2021. Submitted by IndustryARC.

Fertilizer Additives Market size is forecast to reach US$ 1.7 billion by 2026, after growing at a CAGR of 3.5% during 2021-2026. Fertilizer additives are chemicals that are used to prevent the loss of important macro and micronutrients such as nitrogen, phosphorus, potassium, calcium, manganese, and iron from fertilizers. Loss of these nutrients can have consequences like deterioration of the excellence of the fertilizers, ultimately have an effect on their productivity. It can be used as Anti-Dust Agents, Anti-Caking Agents, Hydrophobic agents, Corrosion Inhibitors which are also available for each type of production processes, such as blending, prilling, granulation, and crystallization, and for fertilizers like Diammonium phosphate, Ammonium sulfate, Calcium Nitrate, Urea, Triple superphosphate, and others. Further, it is also used in hydroponic nutrients to improve plants' immunity on a few fronts. The Asia Pacific is expected to witness the highest demand for fertilizer additives over the forecast period with countries such as India, China, and Bangladesh at the forefront. The demand for fertilizer additives is mainly dependent on the growth of the fertilizer industry. Further, the shrinking arable land, adoption of new technology in fertilizer production, and the increasing willingness of farmers to spend more for increased productivity are some important factors that contribute to the growing demand for fertilizer additives.

COVID-19 Impact

Covid-19 brought the world economy to its knees, with the fertilizer additives market not being an exception. During the covid19 pandemic, the agriculture sector went through plight as the lockdown coincided with the period when farm activity was at its peak. This resulted in the limitation of transport facilities, laborers, and the absence of machine fixes mechanics. The impact on the agriculture sector directly affects the growth of the fertilizer additives market. Although the sector was poised for quick recovery and witnessed growth in production and as well as exports.

Fertilizer Additives Market Segment Analysis – By Product Type

Anti-Caking Agents held the largest share of 30% in the Fertilizer Additives Market in 2020. Most fertilizers drift to agglomerates during storage and when fertilizer is not free-flowing, there will be irregular delivery during field application. These situations can weaken and at times even damage the value of fertilizer, and in some cases, generate safety threats for workers in the industry. Enhancing anti-caking agents in fertilizer can enhance product marketability, improve workplace safety, equipment protection, reduce logistics and handling costs, easier regulatory compliance, reduced airborne dust. And when a supplier is able to go to market with an appropriately treated fertilizer product, it will give the full market value for their product while minimizing the potential for quality claims. Thus, the demand for anti-caking agents is likely to directly boost the fertilizer additives market.

Request for Sample Report  @ https://www.industryarc.com/pdfdownload.php?id=7370

Report Price: $ 4500 (Single User License)

Fertilizer Additives Market Segment Analysis – By Application

Urea dominates the Fertilizer Additives Market growing at a CAGR of 3.7% during the forecast period. It is a broadly used source of fertilizer nitrogen worldwide. The critical relative humidity of urea is high compared to the ammonium nitrate and calcium ammonium nitrate. Due to this, it can withstand hot and humid climate conditions. Also, up to 0.3%, the moisture content of urea is ideal to avoid problems such as caking. Moisture content above 0.3% results in the deterioration of urea during storage and the adverse effects of urea fertilizers on seed germination and seedling growth in the soil is due to ammonia produced. These all can be eliminated by the addition of additives to these fertilizers. According to World Fertilizer, Togliattiazot, a known player, has constructed and installed its third urea unit consist of a granulation tower, a reactor, distillation columns, and a hydrolyzer. The design capacity of the unit will amount to 2200 tpd of urea, which will increase the production capacity of the enterprise for the production of urea by more than 70%. Such initiatives in the growth of urea fertilizer directly impact the escalation of the fertilizer additives market.

Fertilizer Additives Market Segment Analysis - By End-Use Industry

Agriculture dominates the Fertilizer Additives Market growing at a CAGR of 6.8% during the forecast period. With the global population steadily growing, it is important that enough crops are produced each year to provide food, clothing, and other agricultural products to people around the world. Fertilizers play an important role in providing crops with the nutrients they need to grow and be harvested for nutritious food. It helps deliver enough food to feed the world’s population. And to that fertilizer additives improve the quality and stability of fertilizers and soil, avoid loss of nutrients such as nitrogen, phosphorus, potassium, and sulfur, and prevent corrosion of the container used for transportation. They also provide anti-foaming and anti-caking characteristics to the fertilizer. According to the Food and Agriculture Organization (FAO), more than 60% of the world's population depends on agriculture for survival and there is a number of development projects are initiated such as Farmaid, a plant disease detection robot, Smartagro, Smart farms, generating techno-environmental and many more. The development and the progressing initiatives in the agriculture field will certainly increase the demand growth of fertilizer additives.

Fertilizer Additives Market Segment Analysis - Geography

Asia Pacific region held the largest share in the Fertilizer Additives Market in 2020 up to 44% followed by North America and Europe. Land constraints and growing population and urbanization throughout Asia underscore the need for environmentally sound technologies to sustain agricultural growth. This also encourages the application of fertilizer additives. Moreover, increasing farm expenditure has led to the increased market growth of fertilizer additives in this region. According to Food and Agriculture Organization (FAO), the Asia Pacific region contains 1836 million2 people of which 62 % are directly involved in agriculture. It has made great strides in reducing poverty and hunger over the past four decades. Strong agricultural growth based on improved seeds and growth in yields (the Green Revolution) played a vital role in this process by raising rural incomes and increasing food availability, which kept food prices low. The fertilizer additives play a vital role in all such development and so the demand went high in this region.

Fertilizer Additives Market Drivers

Coloring Agents that are fully Compatible with Fertilizer Additives

Coloring agents contribute to the fertilizer food processor an influential implement to differentiate their fertilizers, focus the level of quality, and encourage their appeal. Some fertilizer end-users need diverse fertilizer blends to determine which crop is being addressed. However, when fertilizers all look alike, it can be difficult to ensure the appropriate fertilizer is matched with the relevant crop. A solution would be to color a tomato-specific fertilizer red and one designed for leafy vegetables green. Color can be utilized for more than just a visually pleasing afterthought, it can be a valued contribution to a formulation. Any color can be supplied and applied directly into the fertilizer blending process together with additives to give the fertilizer color. The coloring agent demand growing high as it contributes to dust control and caking control in the fertilizer and the demand escalation in the fertilizer end-use industries.

Corrosion Inhibitors in Fertilizer

Corrosion is the deterioration of materials by chemical interaction with their environment. The consequences of corrosion are many and varied. The effects of these on the safe, reliable and efficient operation of equipment or structures are often more serious than the simple loss of a mass of metal but can affect the human digestive tract, respiratory tract, eyes, and skin. For instance, Urea Ammonium Nitrate (UAN) is highly corrosive to agricultural application equipment, and without proper treatment, can increase maintenance costs and cause unscheduled product storage and transfer equipment failures. Corrosion inhibitors are specifically designed for the agricultural chemical industry and incorporate corrosion inhibitors to address potential corrosion in the production, storage and transportation processes and which makes demands high in the agriculture sector and which significantly have a positive impact on the fertilizer additives market.

Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=7370

Fertilizer Additives Market Challenges

Additives may degrade the nutrients in fertilizer

Anti-caking agents are extensively used in fertilizers to prevent the formation of lumps. They are added to prevent the breakdown of certain nutrients, especially vitamins. However, it has been found that anti-caking agents can significantly affect the chemical stability of vitamins and probably may degrade the nutrients in a powdered formulation. Instead of protecting certain nutrients, it may accelerate the breakdown of beneficial compounds which seems to hamper the growth of the fertilizer additives market.

Fertilizers are toxic to the skin and respiratory system

Plant fertilizers can be poisonous to people and pets if they are inhaled or unintentionally ingested. Handling the fertilizer may trigger skin irritation, and ingesting it may be poisonous. Nitrates are the ingredients that cause the poisoning. Nitrates are a form of nitrogen that plants can easily absorb. Nitrogen is essential for plant growth, but it can be very dangerous when present at high levels in humans. Within our bodies, nitrates lower the ability of the red blood cells to carry and deliver oxygen. These setbacks in fertilizer production are expected to have a negative impact on the fertilizer additives industry

Fertilizer Additives Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Window Films Market. Major players in the Window Films Market are Clariant, KAO Corporation, Novochem Group), ArrMaz, Togliattiazot, Filtra Catalysts & Chemicals Ltd., Chemipol, Michelman, Tolsa Group, Forbon Technology, and Solvay.

Acquisitions/Technology Launches / Product Launches

In July 2019, West Central, a known company, launched New Broadcast Fertilizer Additive, ‘Trivar’. It is the first crop protection additive designed for broadcast phosphorus application to maximize crop yields.

Related

Key Takeaways

Asia Pacific dominates the Fertilizer Additives Market owing to a rapid increase in the Agriculture sector.

The market drivers and restraints have been assessed to understand their impact on the forecast period.

The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.

The other key areas of focus include the various applications and end-use industry in Fertilizer Additives Market and their specific segmented revenue.

Due to the COVID-19 pandemic, most of the countries have gone under temporary shutdown, due to which operations of Fertilizer Additives related industries have been negatively affected, thus hampering the growth of the market.

Related Reports

A.Nitrogenous Fertilizer Market

https://www.industryarc.com/Report/16179/nitrogenous-fertilizer-market.html

B.Chitin Fertilizer Market

https://www.industryarc.com/Research/Chitin-Fertilizer-Market-Research-501434

For more Chemicals and Materials Market reports, please click here

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[pressreleasemarket]

Fertilizer Additives Market Size Forecast to Reach US$ 1.7 Billion by 2026

Fertilizer Additives Market size is forecast to reach US$ 1.7 billion by 2026, after growing at a CAGR of 3.5% during 2021-2026.

[marets-trends]

Fertilizer Additives Market size is forecast to reach US$ 1.7 billion by 2026, after growing at a CAGR of 3.5% during 2021-2026.

[marketsandresearch]

Fertilizer Additives Market Size Forecast to Reach US$ 1.7 Billion by 2026

Fertilizer Additives Market size is forecast to reach US$ 1.7 billion by 2026, after growing at a CAGR of 3.5% during 2021-2026. Fertilizer additives are chemicals that are used to prevent the loss of important macro and micronutrients such as nitrogen, phosphorus, potassium, calcium, manganese, and iron from fertilizers.