Fertilizer Additives Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Fertilizer Additives Market Forecast to 2028 - Global Analysis by Form (Granular, Prilled, and Powder) and Type (Dust-Control Agent, Anti-Caking Agent, Granulation Aids, Coloring Agent, Corrosion Inhibitors, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Apr 2024

  • Report Code : TIPRE00004222
  • Category : Food and Beverages
  • Status : Upcoming
  • No. of Pages : 155
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The fertilizer additives market is expected to grow from US$ 3,512.65 million in 2022 to US$ 4,050.19 million by 2028; it is expected to grow at a CAGR of 2.4% from 2022 to 2028.

The use of fertilizers is one of the oldest methods of improvising agriculture processes. Modern chemical fertilizers contain three essential elements—nitrogen, potassium, and phosphorus (NPK)—that are vital for the nutrition of a plant. The fertilizer additives often include other nutrients such as sulfur, calcium, zinc, boron, copper, iron, and magnesium that are necessary for plant growth. Thus, fertilizer additives play an important role in healthy plant growth as they provide the soil with essential nutrients that often depletes over time. Hence, the new combinations and research and development has been gaining traction as manufacturers are extensively implanting research technologies to innovate new products. Therefore, the innovations by the manufacturers and new product launches further propels the demand for the fertilizer additives market. Fertilizer additives are chemical or natural substances, which are added to increase the efficiency of fertilizers. Fertilizer additives help improve soil quality and prevent the loss of essential nutrients. They also provide antifoaming and anti-caking characteristics to the fertilizer. Hence, the properties associated with the fertilizer’s additive led to fuel the fertilizer additives market growth.

Asia Pacific held the largest share of the fertilizer additives market in 2021, and other regions such as North America, and Europe are expected to grow significantly during the forecast period owing to the factors such as increasing production and productivity, and growing need for food security. The agriculture industry in Asia Pacific follows strict regulations on the use of chemical products for agriculture. Governments of various countries in the region have taken various initiatives to promote the use of biological products for agriculture. Hence, the regulations by many governments has control over the quality of fertilizers and drives the fertilizer additives market growth. The Asia and Pacific Plant Protection Commission (APPPC) has acknowledged the significance of an efficient and transparent exchange of critical information related to plant protection and field conservation. Food and Agricultural Organization (FAO’s) regulatory compliances include mandatory improvements in agricultural productivity, rising standards of living of rural populations by alleviating poverty through agriculture, and overall contribution to the growth of the world economy. FAO provides financial and technical assistance to farmers to motivate them to opt for suitable products for agricultural purposes. Thus, the expanding farming sector in Asia Pacific is expected to support the adoption of fertilizer additives in the coming years which projected to increase the fertilizer additives market share during the forecast period.

Strategic Insights

Fertilizer Additives Market Breakdown – by Region

Fertilizer Additives Market Breakdown – by RegionMarket Insights

Rising Research and Development in Fertilizer Industry

Increasing agricultural productivity, growing need to control pest and insects, and doubling of agricultural production and income is attributed to the effective adoption of improved technologies. The yield of any farm is maintained through the optimization of the production factors, including types, rates, methods, and modes of application of fertilizers, soil conditions, crop variety, water irrigation, and conditions in that farm. Among all these parameters, fertilizers contribute the highest to the increased yield. Fertilizers provide additional nutrients for crop growth and support a continuous increase in annual crop production. The fertilizer input in crop production contributes ~40–50% of the total yield increase for most crops. Combining the use of fertilizer additives with advanced science and technologies and growing favorable government policies to support farmers across the world are expected to contribute to the fertilizer additives market growth.

Form-Based Insights

Based on form, the fertilizer additives market is segmented into granular, prilled, and powder. The prilled segment is projected to account for the largest market share during the forecast period. Prilling is a method of producing uniform spherical particles from molten solids, robust solutions, or slurries. Prills are formed by allowing drops of the melted prill substance to congeal or freeze in mid-air after being dripped from the top of a tall prilling tower. Low-density prills are more porous than high-density prills and are preferred for industrial use, while high-density prills are utilized as fertilizer. A few agrochemicals such as urea are often manufactured in prilled form. Ammonium nitrate fertilizers, urea, and NPK fertilizers are generally available in prills form. Prilled urea is widely preferred because it is more resistant to breaking down when being blended with other components of the fertilizer. Hence, the prilled segment has a significant role and the use of prilled form further increase the fertilizer additives market share.

Type-Based Insights

Based on type, the fertilizer additives market is segmented into dust-control agent, anti-caking agent, granulation aids, coloring agent, corrosion inhibitors, and others. The dust-control agent segment is projected to register the highest CAGR in the market during the forecast period. Throughout the entire fertilizer manufacturing process, including storage and packaging, fertilizer undergoes many threats that can influence its effectiveness and shelf-life. One of the riskiest problems is fertilizer dust. Fertilizer dust can produce health risks for facility workers, increase a facility’s probable for combustion fires. To control these hazardous effects of fertilizer dust control solutions are implemented. Fertilizer dust can have a substantial, long-term negative impact on the manufacturing facility. Generally, there are two methods to control fertilizer dust one is collection, and another is suppression. Dust collection includes using a machine or system to capture and dispose of the dust. Dust collection methods involve exhaust hoods, duct systems, dust collectors, and fan or motor systems. These methods can be costly and there is no universal standard governing these products.

Fertilizer Additives Market, by Type – 2021 and 2028

Fertilizer Additives Market, by Type – 2021 and 2028A few Key players operating in the fertilizer additives market are Arkema Group; Solvay; KAO CORPORATION; Chemipol S.A.; Chemsol LLC; Clariant; Dorf Ketal; Michelman, Inc.; Omex Agriculture, Inc.; and Novochem Group. These players are engaged in developing products with reduced health risks to meet emerging consumer trends and abide by regulatory frameworks. They are involved in mergers and acquisitions, business expansions, and partnerships to expand their market share.

Report Spotlights

  • Progressive industry trends in the fertilizer additives market to help players develop effective long-term strategies
  • Business growth strategies adopted to secure growth in developed and developing markets
  • Quantitative analysis of the fertilizer additives market from 2022 to 2028
  • Estimation of global demand for probiotics
  • Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
  • Recent developments to understand the competitive market scenario
  • Market trends and outlook and factors governing the growth of the fertilizer additives market
  • Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
  • Size of the fertilizer additives market at various nodes
  • Detailed overview and segmentation of the market and the fertilizer additives industry dynamics
  • Size of the growth in various regions with promising growth opportunities

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REGIONAL FRAMEWORK
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Form, and Type

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies

  1. Arkema Group
  2. Solvay
  3. Kao Corporation
  4. Chemipol S.A.
  5. Chemsol LLC
  6. Clariant
  7. Dorf Ketal
  8. Michelman, Inc.
  9. Omex Agriculture, Inc.
  10. Novochem Group

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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