Global Fertilizer Additives Market

Fertilizer Additives Market Size, Share, Growth Analysis, By Type(Urease Inhibitors, and Ammonium Stabilizers), By Application(Nitrogen-Based Fertilizers, and Phosphorous-Based Fertilizers), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15E2183 | Region: Global | Published Date: April, 2024
Pages: 184 | Tables: 61 | Figures: 75

Fertilizer Additives Market News

  • In May 2023, EuroChem Group AG announced the launch of a new range of slow-release fertilizers for sustainable agriculture.
  • In April 2023, Nutrien announced the acquisition of a controlling stake in Agrichem, a provider of fertilizer and crop protection products.
  • In March 2023, SQM announced an investment of $50 million in a new plant to produce specialty fertilizers.
  • In February 2023, ICL Group announced the launch of a new range of potassium-based fertilizers for high-value crops.
  • In January 2023, Haifa Group announced a strategic partnership with Stamicarbon to develop and market new fertilizer products.
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Fertilizer Additives Market size was valued at USD 6.20 billion in 2022 and is poised to grow from USD 6.53 billion in 2023 to USD 9.87 billion by 2031, growing at a CAGR of 5.30% during the forecast period (2024-2031).

The fertilizer additives market is characterized by a mix of established players and emerging companies. Market participants are actively focusing on research and development activities to develop innovative and effective fertilizer additives. Strategies such as product diversification, collaborations, and mergers and acquisitions are adopted to expand their market presence. Additionally, manufacturers are investing in sustainable and eco-friendly solutions to meet the increasing demand for environmentally responsible fertilizer additives. The competition is expected to intensify as companies strive to differentiate themselves through product quality, efficacy, and cost-effectiveness. 'ArrMaz (US)', 'Clariant AG (Switzerland)', 'Nutrien Ltd. (Canada)', 'Kao Corporation (Japan)', 'Solvay SA (Belgium)', 'BASF SE (Germany)', 'The Dow Chemical Company (US)', 'AkzoNobel N.V. (Netherlands)', 'ChemSol LLC (US)', 'Michelman, Inc. (US)', 'Tolsa Group (Spain)', 'Novochem Group (Netherlands)', 'Croda International Plc (UK)', 'Huntsman International LLC (US)', 'Evonik Industries AG (Germany)', 'SABIC (Saudi Arabia)', 'Borregaard (Norway)', 'TATA Chemicals Limited (India)', 'ICL Group (Israel)', 'Arkema Group (France)'

One significant driver of the fertilizer additives market is the increasing adoption of modern farming practices and agricultural technologies. As farmers strive to enhance crop productivity and efficiency, the utilization of fertilizer additives becomes crucial. These additives help in improving nutrient retention, preventing nutrient losses, and enhancing the overall effectiveness of fertilizers. With the growing awareness about sustainable agriculture and the need to optimize fertilizer usage, the demand for fertilizer additives is expected to rise steadily in the coming years.

A significant driver of the fertilizer additives market is the increasing focus on sustainable agriculture practices. As the need for efficient and environmentally friendly farming methods grows, farmers are seeking solutions that minimize the negative impact of fertilizers on ecosystems. Fertilizer additives play a crucial role in optimizing nutrient delivery, reducing nutrient runoff, and improving soil health. The demand for additives that enhance nutrient retention, minimize leaching and volatilization, and promote balanced fertilization is rising, driven by the sustainable agriculture movement and the desire for eco-friendly farming practices.

North America, the fertilizer additives market has a dominant position due to the presence of major agricultural economies such as the United States and Canada. The United States, in particular, stands out as a significant market in the region. The revival of the agricultural sector in the country has led to a growing demand for fertilizer additives. Anti-caking agents are widely used in the United States to address temperature variations during fertilizer storage. With the implementation of advanced farming techniques and a focus on increasing agricultural productivity, North America is expected to maintain its dominant position in the fertilizer additives market.

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Global Fertilizer Additives Market

Product ID: SQMIG15E2183