Global Fertilizer Additives Market to Reach US$ 3.6 Billion by 2032, Impelled by Rising Awareness Regarding Soil Deterioration

December 13, 2022 | Agriculture

The latest report by IMARC Group, titled “Fertilizer Additives Market Report by Function (Dust Control Agent, Anticaking Agent, Antifoaming Agent, Hydrophobing Agent, Corrosion Inhibitor, and Others), Form (Granular, Prilled, Powdered), Application (Urea, Monoammonium Phosphate, Triple Super Phosphate, Diammonium Phosphate, Ammonium Nitrate, and Others), and Region 2024-2032,” finds that the global fertilizer additives market size reached US$ 3.0 Billion in 2023. Fertilizer additives are chemicals that are incorporated with fertilizers to enhance nutritional benefits. They offer anticaking properties that preserve the granular nature of fertilizers and provide water resistance. They also prevent the formation of lumps and dust and the loss of essential nutrients, such as phosphorus, potassium, nitrogen, and sulfur. In addition, they exhibit anti-corrosion properties that prevent corrosion of the container used for transportation. As a result, fertilizer additives are widely utilized across the agriculture industry.

Global Fertilizer Additives Market Trends:

The market is primarily driven by the rising awareness among individuals about soil deterioration caused by conventional agricultural practices. Fertilizer additives are utilized as anti-dusting, corrosion inhibitors, and hygroscopic agents as they inhibit the loss of macro and micronutrients and improve the productivity of the soil. In addition, the implementation of various government initiatives to spread awareness among farmers about the use of value-added fertilizers and fertilizer additives represents another major growth-inducing factor. Besides this, governing authorities of various countries are also extending their support to agriculture by offering grants and subsidies, which are also contributing to market growth. Moreover, various technological innovations, the escalating demand for urea-based fertilizers, the growing inclination of farmers toward improving crop productivity, and the expanding agricultural sector are some of the other factors creating a positive market outlook across the globe. Looking forward, IMARC Group expects the market value to reach US$ 3.6 Billion by 2032, exhibiting a CAGR of 2% during the forecast period (2024-2032).

Market Summary:

  • Based on the function, the market has been categorized into dust control agent, anticaking agent, antifoaming agent, hydrophobing agent, corrosion inhibitor, and others.
  • On the basis of the form, the market has been classified into granular, prilled, and powdered.
  • Based on the application, the market has been segmented into urea, monoammonium phosphate, triple super phosphate, diammonium phosphate, ammonium nitrate, and others.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and Middle East and Africa.
  • The competitive landscape of the market has been examined in the report, with some of the key players being Amit Trading Ltd, ArrMaz (Arkema S.A.), BASF SE, Clariant AG, Corteva Inc., Dorf-Ketal Chemicals India Private Limited, Holland Novochem B.V., Hubei Forbon Technology Co Ltd, KAO Corporation, Michelman Inc., Solvay S.A., and Tolsa SA.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Function, Form, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Amit Trading Ltd, ArrMaz (Arkema S.A.), BASF SE, Clariant AG, Corteva Inc., Dorf-Ketal Chemicals India Private Limited, Holland Novochem B.V., Hubei Forbon Technology Co Ltd, KAO Corporation, Michelman Inc., Solvay S.A. and Tolsa SA.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
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Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Fertilizer Additives Market to Reach US$ 3.6 Billion by 2032, Impelled by Rising Awareness Regarding Soil Deterioration
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