Feb 20, 2020

Consumption of Fertilizer Additives to Surge, With Nitrogen Fertilizers Gaining Prominence, Concludes Fact.MR

by Team Fact.MR

Popular nitrogenous fertilizers are primarily driving demand growth for fertilizer additives. As nitrogenous fertilizers are in the forefront of global fertilizer consumption, this is expected to open potential strategizing avenues for fertilizer additives manufacturers. Nitrogen, being a vital nutrient for crop production will positively translate into widespread adoption of N-fertilizer, which in turn will support growth of fertilizer additives during its production.

Thus, global fertilizer additives market is poised to reflect a moderate growth of around 5% throughout the forecast period on back of heavy demand from growing agricultural activities requiring crop nutrition. Fertilizers additives for N-fertilizers were at the forefront of demand in 2019. However, the recent past has witnessed steady demand growth of P2O5, and K2O based fertilizer additives, reveals Fact.MR in a recently published report on global fertilizer additive market. As per the report, global fertilizer additive market is forecast to surpass US$ 1.3 Bn by 2027 end.

Key Takeaways of Global Fertilizer Additive Market

  • Global fertilizer additives market is forecast to generate absolute value opportunity of around US$ 480 Mn by 2027 end
  • Fertilizer additives are an integral component of the fertilizer production process and therefore, the demand for fertilizer additives is expected to grow along with the growth of the fertilizer industry
  • Anticaking agents are anticipated to lead the global fertilizer additives market, registering  around half of the total absolute opportunity created during assessment period
  • Despite losing significant market share by 2027 end, demand for fertilizer additives for production of N fertilizers will account for nearly 45% of market share in 2027
  • Asia Pacific excluding Japan is showcasing maximum penetration among other regions in global fertilizer additive market and is forecast to gain 596 BPS by 2027 end
  • Demand for fertilizer additives from Middle East & Africa in 2027 is anticipated to increase by 1.4X than that of 2019

 “Global fertilizer additives market will create enormous opportunities, as prominent players are focusing on the development of new technologies and compounds to ensure better performance of fertilizers.” Says Fact.MR analyst

Mergers & Acquisitions to Remain Key Forte of Competitors

Global fertilizers additive market is consolidated in nature, with top players in market accounting for around 80% of revenue share in 2019. Several competitors are focused on organic and inorganic growth through strategic acquisitions and long-term agreements and new product launches. For instance, in 2019, Huber Engineered Materials, USA entered into a definitive agreement to acquire Miller Chemical & Fertilizer, LLC to build a diverse portfolio in crop protection and nutritional agrichemical products. 

More Valuable Insights on Fertilizer Additives Market:

Fact.MR, in its new offering, presents an unbiased analysis of the global fertilizer additives market, presenting historical demand data (2014-2018) and forecast statistics for the period of 2019-2027. The study divulges essential insights on the fertilizer additives market on the basis of material type (anti-caking agents, dust suppressors, drying agents, granulation agents and others) and application (N {Nitrogen}, P2O5, K2O and others) across six major regions.

>>> To Get more insights on fertilizer additives market, visit- https://www.factmr.com/report/3052/fertilizer-additives-market

About the Chemicals & Materials Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations – the Chemicals & Materials team at Fact.MR assists clients with unique business intelligence needs on a global level. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the chemicals & materials industry lucidly in 50+ countries for over a decade. The chemicals & materials team at Fact.MR assists clients in their business expansion as well as new ventures, through hawk-eyed analysis and strategic recommendations.