Fertilizer additives are used for the improvement of the quality and the stability of the soil and fertilizer. It is also used to prevent the loss of nutrients like phosphorus, sulfur, nitrogen, and potassium from the soil and the environment. The market is segmented by type, function, form and geography.
The report presents an in-depth assessment of the Global Fertilizer Additives including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Fertilizer Additives investments from 2020 till 2025.
The fertilizer additive market is projected to grow at a CAGR of 3.5% during the forecast period (2019-2024). The increasing food demand and food security are one of the major factors driving the growth of the fertilizer additive market. The rising demand for urea is another factor that can drive the growth of the market. Also, technological innovations nowadays can act as an important factor augmenting the growth of the market studied.
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Top Leading Manufactures-
AgriGro Inc., Coromandel International Limited, Achema, Nutrien, Azomite, CF Industries Holdings Inc., Clariant International Ltd, Corteva Agriscience, Dayal Group, Forbon Technology, Frit Industries Inc., Holland Novochem BV, Hydro Fert S.R.L., ICL Fertilizers, Kronos Micronutrients, Liven Agrichem Pvt Ltd, Nutra-Flo Company, OCP Group, Sinofert Holdings Limited, TATA Chemicals Limited, The Mosaic Company, YARA International ASA
Key Market Trends
Rising Demand for Urea is driving the market
Urea has the highest nitrogen content among all the solid fertilizers and is used widely as a major source of nitrogen for agricultural use. Also, the relative humidity of urea is high which makes it withstand the hot and humid conditions. Therefore, it is preferred to ammonium nitrate and calcium ammonium nitrate (CAN) and also has a rising demand in the market owing to its usage both in solid and liquid form. This further accelerates the growth of the fertilizer additive market.
Asia Pacific and North America dominates the market
The Asia Pacific holds a share of more than half in the global fertilizer additives market. China and India are major consumers of this product owing to the vast agricultural zones in these countries. Asia-Pacific is a latent region with investments coming from major players in the market. Furthermore, rising demand for agricultural products in countries, like the US, Canada, and Mexico in the North American region is projected to boost the fertilizer additives market during the forecast period. Additionally, the major key players are actively involved in the research & development in order to enhance the quality of fertilizer additives.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Global Fertilizer Additives Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2014 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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