Market Size of Fertilizer Additives Industry
| 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 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 |
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Fertilizer Additives Market Size Summary
The fertilizer additives market is experiencing growth driven by increasing global food demand and the need for food security. The market is characterized by the rising demand for urea-based fertilizers, which are essential due to their high nitrogen content and effectiveness in various agricultural conditions. Technological innovations play a significant role in enhancing the efficiency of fertilizers, thereby boosting the market for additives. The shift towards Efficiency Enhanced Fertilizers (EEF) is expected to further propel the use of these additives. North America and Asia-Pacific are the largest markets, with countries like China and India being major consumers due to their extensive agricultural activities. The market is also influenced by the need to reduce nitrogen losses through volatilization and leaching, which is where fertilizer additives, such as urease inhibitors, come into play.
The market is highly fragmented, with numerous small and medium-sized enterprises alongside a few major players, leading to intense competition. Key companies like Corteva Agriscience, BASF SE, and Koch Agronomic Services LLC are actively investing in research and development to innovate and improve product offerings. These companies are also focusing on business expansions through acquisitions and the introduction of new products. The market's growth is supported by the increasing adoption of fertilizer additives in regions like North America, where the demand for agricultural products is rising. The introduction of new products, such as BASF's Limus Clear and Corteva's N-Serve, highlights the ongoing efforts to enhance fertilizer efficiency and reduce nitrogen losses, further driving the market's expansion.
Fertilizer Additives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Function
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2.1.1 Inhibitors
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2.1.2 Coating Agents
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2.1.3 Granulation Aids
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2.1.4 Anti-Caking Agent
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2.1.5 Other Functions
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2.2 Form
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2.2.1 Solid
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2.2.2 Liquid
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Spain
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Russia
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2.3.2.5 Germany
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2.3.2.6 Italy
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Africa
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2.3.5.1 South Africa
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2.3.5.2 Rest of Africa
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Fertilizer Additives Market Size 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.
