Global Fertilizer Additives Market 2023-2029
Fertilizer additives are substances that are added to fertilizers to improve their performance or provide additional benefits to crops. These additives can be organic or synthetic and can be added during the manufacturing process or applied separately to the fertilizer before or during application. According to the latest data, the market size of the global fertilizer additives sector is expected to rise by USD 0.8 billion with a CAGR of 3.39% by the end of 2029.
The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global fertilizer additives market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the function, and region. The global market for fertilizer additives can be segmented by function: corrosion inhibitors, hydrophobic agents, anti-dustings agents, anti-caking agents, slow-release agents, others. The anti-caking agents segment is estimated to account for the largest share of the global fertilizer additives market. Fertilizer additives market is further segmented by region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Asia-Pacific held the largest revenue share in 2022.
The corrosion inhibitors market is further segmented into urea ammonium nitrate, ammonium nitrate, others. The urea ammonium nitrate segment held the largest share of the global fertilizer additives market in 2022 and is anticipated to hold its share during the forecast period. Furthermore, the hydrophobic agents market has been categorized into calcium ammonium nitrate, ammonium nitrate, ammonium sulfate, calcium nitrate, others. In 2022, the calcium ammonium nitrate segment made up the largest share of revenue generated by the fertilizer additives market. The anti-dustings agents market is further divided into NPK, ammonium sulfate, others. Among these, the NPK segment was accounted for the highest revenue generator in 2022. The anti-caking agents market is further segmented into urea, ammonium nitrate, calcium ammonium nitrate, NPK, others. The urea segment held the largest share of the global fertilizer additives market in 2022 and is anticipated to hold its share during the forecast period. Furthermore, the slow-release agents market has been categorized into urea, ammonium nitrate, ammonium phosphate, others. In 2022, the urea segment made up the largest share of revenue generated by the fertilizer additives market.
Market Segmentation
By function: corrosion inhibitors, hydrophobic agents, anti-dustings agents, anti-caking agents, slow-release agents, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America
The report has also analysed the competitive landscape of the global fertilizer additives market with some of the key players being ArrMaz Products Inc., Clariant AG, Hubei Forbon Technology Co., Ltd., KAO Corporation, Michelman, Inc., Solvay SA, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
Scope of the Report
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