Fertilizer Fillers Market

Fertilizer Fillers Market Outlook

Fillers are inactive ingredients used in combination with fertilizers to neutralize soil PH and acidity. Fillers are produced from different ingredients such as sand, limestone, clay, and other organic mixtures. The fertilizer industry is the only end-use industry using fillers in a wide range concentrations, and limestone is the most widely used ingredient for these fillers.

In a recently published report by Fact.MR, insights regarding key factors fueling market growth have been offered for the next ten years. The report tracks trends in 20+ high-growth countries, with the regions of Asia, North America, and Europe leading the way. The impact of the COVID-19 pandemic has also been detailed in the report, with exhaustive insights into what the years ahead will offer.

The report provides a detailed taxonomy of the market, elaborating on key segments. It also outlines visionary insights on the dynamics of the market, including the drivers, restraints, opportunities, trends and pricing analysis, along with key buying factors for fillers. Supply chain and pricing analysis of fertilizer fillers along with their end uses have been included in the report to help readers clearly understand the product framework map of this industry.

Historical Trends Vs Future Projections

Extensive use of fillers in the fertilizer industry has kept demand steady over the years. Over the past half-decade, adoption of fertilizer fillers has mounted due to increasing acidity in cultivating soil, and the market recorded a decent growth rate of 3.4% CAGR in terms of value from 2016 to 2020.

In the year 2020, COVID-19 hit the global fertilizer industry in the 2nd and 3rd quarters. Decline in demand for fertilizers affected the overall fillers market globally. However, the fertilizer industry started to pace up from the 3rd quarter of 2020.

In FY 2021, fertilizer industries have started industrial operations in markets such as China, India and the U.S. to fill the demand-supply gap in the agricultural sector.

Assessing the market over the forecast period, demand is anticipated to grow at a slow pace in the short term (2020-2023), while in the medium term, it is expected to record moderate growth. Overall, the market is projected to expand at a CAGR of over 5% over the long-term forecast period of 2021 to 2031.

Why Does the Fertilizer Industry Play a Crucial Role in Driving Demand for Fillers?

The fertilizer industry is the prominent end-use industry that has created vast opportunity for fillers by adopting various ingredients for fertilizer composition. Fillers are added for enhancing overall nutrient balance, and are used to decrease the impact of macronutrients.

Limestone and sand are essential filler ingredients for fertilizers to improve crop growth. Players in the fertilizer fillers industry are extracting limestone from mineral mines and processing it into different granules for better composition of nutrients in fertilizers.

Country-wise Insights

Why is Demand for Fertilizer Fillers High in China?

China capturers major demand share for fertilizer fillers in the East Asian region, due to the large number of small- and medium-sized fertilizer industries.

Over the past few decades, agriculture production has improved with extensive use of chemical fertilizers. To decrease the impacts from chemical ingredients, players in the fertilizer industry are adopting fillers such as limestone, sand, soil, and other organic ingredients to maintain soil PH and acidity.

Furthermore, China is the largest consumer of soil nutrients, and occupies a major share in the global fertilizer fillers market. The market in the country is assessed to grow at a CAGR of close to 7% through 2031.

Is India’s Fertilizer Fillers Landscape Heading Northwards?

Talking about South-Asian countries, the market in India is expanding at an increasingly high CAGR, owing to agricultural development activities being undertaken by the government across the country.

For instance, the Ministry of Agriculture & Farmers’ Welfare has been implementing various developments in the agricultural sector to increase productivity. Consumption of fertilizers have thereby increased, ultimately infusing growth to fertilizer fillers. The market in India is projected to expand an impressive CAGR of close to 7% through 2031.

Why is the U.S. Increasing the Use of Limestone in Fertilizers?

The U.S. holds a major market share in limestone due to the regional presence of mineral mines. Players such as Petelien & Sons, E. Dillon, and Rohrers possess limestone quarries and are extracting and processing it into different granule sizes according to the fertilizers.

The market in the U.S. is anticipated to progress at a steady CAGR of 3.5% over the next ten years.

Category-wise Insights

Which Ingredient Accounts for Highest Use in Fertilizer Fillers?

Considering all types of filler ingredients, limestone captures a major market share, followed by sand. Players are producing limestone in various granule sizes according to the fertilizers. All in all, demand for limestone has been increasing due to rising consumption of fertilizers.

At present, regulatory bodies in the regions of North America and Europe are limiting the extraction of limestone, which is significantly impacting the progress of the fertilizer fillers market.

Players in the fertilizer industry such as Star Trace Pvt Ltd. are developing fertilizers by using alternatives such as sand. As such, sand will witness a higher compound annual growth rate during the forecast period.

Which Region Offers Great Potential for Fertilizer Fillers?

East Asia and South Asia & Oceania are important regions that occupy a major market share in the fertilizer fillers industry. Emerging markets such as China, India, and the Australia have high potential due to widespread agriculture across these regions.

As per a World Bank report, average consumption of fertilizers for one hector of land was 141 kilograms. The number has been increasing due to rising soil acidity.

The huge agriculture sector in the aforementioned regions is creating opportunity for manufacturers of fertilizer fillers market. These markets are expected to record higher CAGRs over the coming years.

What are the Notable Barriers for Fertilizer Filler Manufacturers?

North America and Europe are limiting the production of limestone for agro applications.

Regulations set by regulatory bodies in these mentioned regions are influencing overall demand for limestone in fertilizers. Increasing concerns of regional governments are acting as a key barrier for the use of limestone in fertilizer fillers.

Report Scope

Attribute	Details
Forecast Period	2021-2031
Historical Data Available for	2016-2020
Market Analysis	US$ Mn for Value & Kilo Tons for Volume
Key Countries Covered	U.S. Canada Mexico Brazil Germany Italy France U.K. Spain China Japan South Korea India GCC Turkey
Key Segments Covered	Filler Type Mesh Size Ingredient Type Function Application Region
Key Companies Profiled	Imerys Star Trace Private Limited LKAB Minerals Petelien & Sons GLC minerals E.Dillon Rohrers Tarmac Ltd and Others

Key Market Segments Covered in Report

Filler Type

• Micronutrients
• Secondary Nutrients

Mesh Size

• 5-10
• 10-20
• 20-50
• 50-100
• Above 100

Ingredient Type

• Sand
• Limestone
• Clay
• Others

Function

• Anti-caking
• Micronutrient Binders
• Colorants
• Defoamers
• Dust Suppressants
• Others

Application

• Organic Fertilizers
• Chemical Fertilizers

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia & Oceania
• Middle East & Africa