Fertilizer Additives Market is further projectedm

Fertilizer Additives Market is further projected to expand at CAGR of 4.4% during the projection tenure 2022 - 2028

Demand for fertilizer additives is forecast to increase at a
moderate 4.2% annually to US$ 1,445.8 Mn in 2028. Future Market
Insights, a leading market research company, released a market intelligence
report, presenting a comprehensive analysis of the fertilizer additives market on
the basis of product type (anti-caking agents, dust suppressors, drying agents,
and granulation agents) and application (Nitrogen, P205, K20, and others).

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Overall, sales growth of fertilizer additives will be driven by:

·        
Growing demand for food, translating into new
technologies and improved fertilizers

·        
Increased emphasis on making fertilizers more
efficient with high output

·        
Better performance and high crop yield

·        
Developing landscape for sustainable technologies
in the agrochemical industry

·        
Stringency in regulations to keep soil and water
pollution at bay

Anti-Caking Agents to Lead the Market

Anticaking agents segment is projected to create 1.3X incremental
opportunity till 2028, currently being the largest product type category worth
US$ 527 Mn. The trend is projected to continue through 2028, considering major
demand from solid fertilizers. The increasing demand for anti-caking agent is
mostly attributable to its key characteristic to prevent lump formations,
making for easy packaging and transportation. Representing well over 55% share
of the total market, in terms of value in 2022, anti-caking agent is also
expected to witness major innovations in the form of eco-friendly anti-caking
agents, by 2028.

“Popular N (Nitrogen) fertilizers will drive the revenue for
fertilizer additives, contributing the largest demand share in the total
fertilizer market. Moreover, being an important nutrient for crop
production—directly influencing the amino acid composition of protein and
nutritional quality of the subsequent yield, will positively translate in
widespread adoption of N fertilizer. FMI predicts high adoption of fertilizer N
in fruit production, oilseeds, fodder crops, horticulture to maintain high
level of quantity and quality”- Principal Analyst, Chemicals, Future
Market Insights

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Increasing demand for N fertilizer owing to its
significant role in metabolic interactions in crops, globally is expected
to open potential strategizing avenues for manufacturers, with a key
critical focus on increasing crop nitrogen use efficiency to further enhance
the crop quality, adds the analyst.

In the highly fragmented fertilizer additives market,
Tier 1 players including Clariant AG, Arkema S.A., Kao Corporation and Koch
Industries, Inc., among others hold nearly 80 percent of the total market
share. With dominance well displayed by key players through an extensive
product offering, FMI also underlines the critical role of organic and
inorganic growth through strategic collaborations and mergers and acquisitions,
across the value chain and its impact on formulating effective fertilizer
additives. Whether it is Clariant AG’s agreement with SABIC and Huntsman
Corporation or Arkema’s collaboration with Barrday, Inc and its expansion move
in China, key players are projected to push their products in untapped markets
through such joint ventures.

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Additional Takeaways from the Study

·        
FMI, in its report on global fertilizer
additives market, spots high opportunity in granulating agents segment,
considering its key function in production of fertilizers

·        
Stringent regulations focused at curbing air
pollution would push dust suppressors’ sales

·        
The fertilizer additive market is likely to
benefit from nanotechnology—in the form of nanoscale additives wherein
nanomaterials could either be a micronutrient, fertilizer, supplement component
or a binder/water retention material

·        
High pricing of fertilizer additives, lack of
awareness, and government subsidies on conventional fertilizers could pose a
challenge for market growth

·        
High growth agriculture-dependent economies
including China and India to present lucrative growth opportunities for
fertilizer additives manufacturers

For more insights on the global fertilizer additives market, reach
out to the team of expert analysts at press@futuremarketinsights.com