The global fertilizer additives market size is expected to reach USD 2.92 billion in 2024 and reach USD 3.32 billion by 2029, growing at a CAGR of 2.6% from 2024 to 2029.
The fertilizer additives market continues to gain momentum with the increase in demand for fertilizers due to increasing pressure on global food production and development in technologies of fertilizer production. Fertilizer Additives are chemicals added to the fertilizers to enhance their productivity. The demand for high agricultural yields is met with the subsequent demands for high-quality fertilizers and primary nutrients, which in turn is responsible for the rise in the demand for Fertilizer additives.
Research and development in the field of fertilizer manufacturing technology have resulted in evident growth of the fertilizer additives market. Other key factors driving the Fertilizer Additives Market include rising demand for agricultural commodities, ease of application and handling of fertilizers, and demand for higher-yield crops.
The fertilizer additives market also faces some restraints and challenges. Some of these factors are the growth of the organic fertilizer industry, the environmental impact of chemical fertilizers, the adverse effects of agrochemicals on human health, and stringent government regulations.
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2029 |
Base Year |
2023 |
Forecast Period |
2024 to 2029 |
CAGR |
2.6% |
Segments Covered |
By Function, Application, Form of Application, and Region |
Various Analyses Covered |
Global, Regional and Country Level Analysis, Segment-Level Analysis; DROC, PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Clariant, KAO Corporation, Novochem Group, Amit Trading Ltd., Arrmaz, Filtra Catalysts & Chemicals Ltd., Chemipol, Forbo Technology, Michelman, Tolsa Group. |
The overall market share is over 40% globally. Asia-Pacific was followed by North America. The reason behind the growth in these regions is the high rate of adoption of new technologies in fertilizer production.
Some of the major companies dominating the Fertilizer Additives market by their products and services include Clariant, KAO Corporation, Novochem Group, Amit Trading Ltd., Arrmaz, Filtra Catalysts & Chemicals Ltd., Chemipol, Forbo Technology, Michelman, Tolsa Group, are playing a dominated role in global fertilizer additives market.
By Function
By Application
By Form of Application
Granular Fertilizers
Prilled Fertilizers
Powdered Fertilizers
By Region
Frequently Asked Questions
The size of the fertilizer additives market is predicted to be valued at USD 2.85 billion in 2023.
The fertilizer additives market is estimated to be growing at a CAGR of 2.6% to reach USD 3.24 billion by 2028.
Some of the major companies dominating the Fertilizer Additives market by their products and services include Clariant, KAO Corporation, Novochem Group, Amit Trading Ltd., Arrmaz, Filtra Catalysts & Chemicals Ltd., Chemipol, Forbo Technology, Michelman, Tolsa Group, are playing a dominated role in global fertilizer additives market.
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