Fertilizer Additive Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Fertilizer Additive Market Analysis
The fertilizer additive market is projected to record a CAGR of 3.5% during the forecast period (2022-2027).
COVID-19 has a direct and negative impact on the value chain of the fertilizer additives market. The lockdown in different countries has affected the transportation systems adversely. This has led to the use of the emergency stock of raw materials by manufacturers for continuing production. Crop producers were affected by disruptions in local and international transport systems, which inhibited their access to intermediate inputs like fertilizers and affected the fertilizer additives demand.
The increasing food demand and food security are some of the major factors driving the growth of the fertilizer additive market. The rising demand for urea is another factor that is anticipated to drive the growth of the market. Also, technological innovations nowadays can act as an important factor augmenting the growth of the market studied.
North America and Asia-Pacific are the largest markets for fertilizer additives. Fertilizer additives are used to enhance the efficiency of various fertilizers. The changing market trend toward the Efficiency Enhanced Fertilizers (EEF) is expected to boost the use of fertilizer additives during the forecast period.
Fertilizer Additive Market Trends
This section covers the major market trends shaping the Fertilizer Additives Market according to our research experts:
Rising Demand for Urea is Driving the Market
The rising demand for urea-based fertilizers around the world is one of the key factors that drive the growth of the market. For instance, according to International Fertilizers Associations (IFASTAT), total global urea consumption was 51,141.0 thousand metric ton in 2017, which increased to 52,258.9 thousand metric ton in 2019. 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 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. However, Urea nitrogen can be lost through volatilization, denitrification, and leaching. High N losses of 20-30% of the total N applied fertilizer are observed in humid regions like Brazil, sometimes even higher, reaching up to 60%. As the primary objective of fertilizer additives such as urease inhibitors is to reduce the potential volatilization losses of urea-based fertilizers, the demand for these urea fertilizer additives is increasing. This further accelerates the growth of the fertilizer additive market. Additionally, technological innovations are also augmenting the growth of the market studied. According to a study by Agriculture and Agri-Food Canada, the use of ammonium thiosulphate as a urease inhibitor with the varying surface placement of urea and urea ammonium nitrate in the production of hard red spring wheat under reduced tillage management. TIB Thio ATS, by TIB Chemicals, is one of the popular ammonium thiosulphate inhibitors sold in the North American region.
Asia-Pacific and North America Dominate the Market
Asia-Pacific holds a share of more than half of the global fertilizer additives market. China and India are major consumers of this product owing to the vast agricultural zones in these countries. For instance, according to the World Bank data, in 2016, the fertilizers consumption rate was 165.9 kg per hectare of arable land in India, which increased steadily to 175.0 kg per hectare by 2018. Thus, the rising fertilizer consumption in the region is driving the growth of the market. Among the nitrogenous fertilizers, urea is the most commonly used fertilizer in India, which accounts for more than 80% of total N fertilizer consumption in the country. With the rising concern over N losses through ammonia volatilization and nitrate leaching, fertilizer additives provide an opportunity to reduce losses while enhancing the efficiency of fertilizers applied to the soil. Furthermore, the rising demand for agricultural products in countries like the United States, Canada, and Mexico in the North American region is projected to boost the fertilizer additives market during the forecast period. The United States is the world's fourth-largest producer of nitrogen fertilizers and the second-largest producer of phosphate. As per the State of the Fertilizer Industry Report published by The Fertilizer Institutes, in 2017, 21% of the nitrogen and phosphate fertilizer products in the United States were found to be treated with an inhibitor, polymer, or other controlled release mechanism products for enhanced efficiency. Additionally, the major key players are actively involved in the research and development in order to enhance the quality of fertilizer additives. For instance, in 2019, West Central company launched a new broadcast fertilizer additive, Trivar, powered by Levesol chelating agent that can be added directly to a dry phosphate fertilizer and broadcasted on the field. The additive is designed to maximize phosphate fertilizer by increasing the availability of phosphorus and other key nutrients.
Fertilizer Additive Industry Overview
The fertilizer additive market is highly fragmented, with various small- and medium-sized companies and a few big players, resulting in stiff competition in the market. Corteva Agriscience, BASF SE, ArrMaz, Koch Agronomic Services LLC, Novochem Group, and Dorf Ketal are some of the known players in the market. These major players are investing in new products and improvisation of products, expansions, and acquisitions for business expansions. Another major area of investment is the focus on R&D to launch new products at lower prices.
Fertilizer Additive Market Leaders
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Arrmaz
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Lignostar
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Dorf Ketal
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Corteva Agriscience
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BASF SE
*Disclaimer: Major Players sorted in no particular order
Fertilizer Additive Market News
In January 2021, Phospholutions, a Pennsylvania-based startup, raised USD 10.3 million in funding in a Series A round from VC investors. Phospholutions offers a fertilizer additive product called 'RhizoSorb', which can be applied with phosphate or is added to phosphate fertilizers during the manufacturing process.
In April 2020, BASF introduced a new urease inhibitor called 'Limus Clear', which can be used with liquid fertilizer (UAN) that minimizes nitrogen losses and supports optimal nitrogen availability for your crop.
In December 2018, Corteva Agriscience launched N-Serve, which is a nitrogen stabilizer when applied with anhydrous ammonia. It inhibits nitrification, which helps optimize the yield and profit potential of corn and wheat.
Fertilizer Additive Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Function
- 5.1.1 Inhibitors
- 5.1.2 Coating Agents
- 5.1.3 Granulation Aids
- 5.1.4 Anti-Caking Agent
- 5.1.5 Other Functions
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5.2 Form
- 5.2.1 Solid
- 5.2.2 Liquid
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.1.4 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 Spain
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Russia
- 5.3.2.5 Germany
- 5.3.2.6 Italy
- 5.3.2.7 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Africa
- 5.3.5.1 South Africa
- 5.3.5.2 Rest of Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 BASF SE
- 6.3.2 Corteva Agriscience
- 6.3.3 ArrMaz
- 6.3.4 Dorf Ketal
- 6.3.5 Koch Agronomic Services LLC
- 6.3.6 Clariant International Ltd
- 6.3.7 KAO Corporation
- 6.3.8 Michelman Inc.
- 6.3.9 Holland Novochem BV
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. AN ASSESSMENT OF THE COVID-19 IMPACT OVER THE MARKET
** Subject To AvailablityFertilizer Additive Industry Segmentation
Fertilizer additives are used to improve the quality and 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 environment.
The Fertilizer Additives market is segmented by Function (Inhibitors, Coating Agents, Granulation Aids, Anti-Caking Agents, and Other Functions), Form (Solid and Liquid), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market estimation and forecast in value (USD million) for the above-mentioned segments.
| Function | Inhibitors | |
| Coating Agents | ||
| Granulation Aids | ||
| Anti-Caking Agent | ||
| Other Functions | ||
| Form | Solid | |
| Liquid | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | Spain |
| United Kingdom | ||
| France | ||
| Russia | ||
| Germany | ||
| Italy | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Africa | South Africa |
| Rest of Africa |
Fertilizer Additive Market Research FAQs
What is the current Fertilizer Additives Market size?
The Fertilizer Additives Market is projected to register a CAGR of 3.5% during the forecast period (2024-2029)
Who are the key players in Fertilizer Additives Market?
Arrmaz, Lignostar, Dorf Ketal, Corteva Agriscience and BASF SE are the major companies operating in the Fertilizer Additives Market.
Which is the fastest growing region in Fertilizer Additives Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Fertilizer Additives Market?
In 2024, the North America accounts for the largest market share in Fertilizer Additives Market.
What years does this Fertilizer Additives Market cover?
The report covers the Fertilizer Additives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Fertilizer Additives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Fertilizer Additives Industry Report
Statistics for the 2024 Fertilizer Additives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Fertilizer Additives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
