Global Fertilizer Additives Market research report presents a comprehensive overview of market size, share, evolution, trends, and forecast, and growth opportunities of Fertilizer Additives market by product type, application, key manufacturers and key regions and countries. This report offers comprehensive analysis on global Fertilizer Additives market along with, market trends, drivers, and restraints of the Fertilizer Additives market. In-depth study of market size with data Tables, Bar & Pie Charts, and Graphs & Statistics which helps easy to understand detailed breakdown of market.
Note: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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prominent players operating in the fertilizer additives market are estimated to hold over 25% of the total fertilizer additives market share. Leading players continue to focus on expansion and launch of new products to consolidate their position in the fertilizer additives market. Prominent players continue to form joint ventures to expand their presence in the fertilizer additives market.
Some of the leading players in the fertilizer additives market are Arkema SA, Clariant AG, Michelman, Inc., Chemipol SA, Timac Agro USA, Dorf Ketal, ArrMaz, Fertibon Products Pvt. Ltd., Hubei Forbon Technology Co Ltd., Neelam Aqua & Specialty Chem (P) Ltd., Novochem Group, KAO Chemicals, Tolsa Group, Solvay, and Chemsol LLC. These companies continue to focus on consolidating their position in the fertilizer additives market.
Decreasing Arable Land and Growing Population to Bolster Fertilizer Additives Market
With continuous growth in the global population, the demand for food and housing is on the rise. Consequently, Earth’s land is being subjected to excessive pressure which is causing a degradation in the quality of the soil and its fertility. According to a report published by the Joint Research Centre in 2018, a committee set up by the European Commission, an area half the size of Europe undergoes severe degradation and becomes unsuitable for cultivation every year. Another report by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services backed the Joint Research Centre’s claim. With the area of arable land decreasing and demand for food on the rise, farmers are increasingly using fertilizers to boost production.
However, the quality and performance of fertilizers may deteriorate with time. Fertilizer additives aid in the production, handling, storage, and transportation of fertilizers. The additives help fertilizers retain their shape, prevent caking, reduce dust formation during manufacture, and avoid wetting of fertilizers. Thus, the growing use of fertilizers in agricultural practices is estimated to fuel the growth of the fertilizer additives market.
Burgeoning Investments in Agricultural Farming to Aid Fertilizer Additives Market Growth
Farmers around the world are gradually showing a willingness to spend more on agriculture in order to boost the production of the land. Additionally, governments across the globe are announcing the launch of initiatives to support farmers and lessen the burden of expenditure on them, thus providing them the access to fertilizer and fertilizer additives. These factors are estimated to propel fertilizer additives market proliferation.
Innovative Manufacturing Processes and Use of Modern Materials to Open Gateways to New Opportunities
Technological advancements continue to influence the fertilizer additives market with manufacturers focusing their efforts on the development of new and cost-effective techniques for the production of fertilizer additives. For instance, a new procedure developed for manufacturing fertilizer additives extracts micronutrients from already used alkaline batteries. The method is gradually gaining traction owing to its property of aiding in waste reduction while providing the essential nutrients required for the growth of plants. In this procedure, zinc and manganese from the alkaline batteries are collected and cleaned to be used as fertilizer additives. The method is increasingly being recommended by numerous food associations with the nutrients derived from the process aiding in bolstering agricultural production.
In addition to this, numerous researches working towards leveraging technology to improve the performance of fertilizers are expected to drive the fertilizer additives market growth. A recent development in the area was the use of nanoparticles as carriers of fertilizers. With this implementation, the release of fertilizers into the soil can be controlled making for efficient nutrient utilization. The novel fertilizer additives deliver the nutrients directly to the crops thus preventing nutrient losses by avoiding interaction of the nutrients with soil, air, water, and microorganisms. Incorporation of nanotechnology in fertilizers is estimated to benefit the fertilizer additives market.
Increasing Concerns about the Adverse Impact of Fertilizers on Health and Environment to Hamper Market Growth
Chemical fertilizers tend to seep into the ground and contaminate the groundwater. Fertilizers are non-toxic in small amounts. However, when the concentration increases these fertilizers could cause an imbalance in the groundwater ecosystem. The consumption of contaminated groundwater can lead to the development of hypertension, gastric cancer, testicular cancer, goiter, and birth abnormalities. Further, fertilizers are washed away into streams and seas and can potentially kill fish and other sea organisms. Nitrogen, a key component of the fertilizer composition contributes greatly to the greenhouse effect. Regulatory authorities around the world are continuously focusing their efforts towards curbing the concentration of greenhouse gases imposing stringent regulations which are likely to hamper the growth of the fertilizer additives market. In addition to this, governments are also promoting the use of organic fertilizers over chemical fertilizers due to the former being better for the environment. Additionally, the growing demand for organic food is prompting farmers to shift to using organic fertilizers over their conventional counterparts. The development and growth of organic fertilizers industry are likely to pose a threat to the fertilizer additives market proliferation.
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This detailed report on Fertilizer Additives market largely focuses on prominent facets such as product portfolio, payment channels, service offerings, applications, in addition to technological sophistication. The report lends versatile cues on market size and growth traits, besides also offering an in-depth section on opportunity mapping as well as barrier analysis, thus encouraging report readers to incur growth in global Fertilizer Additives market.
This comprehensive research- documentary on global Fertilizer Additives market is a holistic perspective of market developments, factors, dynamics, trends and challenges that decide growth trajectory of global Fertilizer Additives market.
Apart from highlighting these vital realms, the report also includes critical understanding on notable developments and growth estimation across regions at a global context in this report on Fertilizer Additives market.
These leading players are analyzed at length, complete with their product portfolio and company profiles to decipher crucial market findings. Additionally, the competitive landscape of the Fertilizer Additives market is also evaluated at length in the report, to identify and analyze leading service providers.
Geographically, the detailed analysis of consumption, revenue, Fertilizer Additives market share and growth rate, historic and forecast (2015-2026) of the following regions are covered-
– North America (USA, Canada and Mexico)
– Europe (Germany, France, UK, Russia and Italy)
– Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
– South America (Brazil, Argentina, Columbia etc.)
– Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
All the notable Fertilizer Additives market specific dimensions are studied and analyzed at length in the report to arrive at conclusive insights. Further, a dedicated section on regional overview of the Fertilizer Additives market is also included in the report to identify lucrative growth hubs.
This Fertilizer Additives market also harps on competition intensity, thoroughly identifying and evaluating leading players in the Fertilizer Additives market and their growth stimulators. Besides these aforementioned factors and attributes of the Fertilizer Additives market, this report specifically decodes notable findings and concludes on innumerable factors and growth stimulating decisions that make this Fertilizer Additives market a highly profitable.
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A thorough take on essential elements such as drivers, threats, challenges, opportunities are thoroughly assessed and analyzed to arrive at logical conclusions. As the report proceeds further, Even further in the report emphasis has been lent on current, historical, as well as future growth tendencies to make accurate growth estimations based on market size, value, volume, demand and supply trends as well as growth rate.
Other vital factors related to the Fertilizer Additives market such as scope, growth potential, profitability, and structural break-down have been innately roped in this Fertilizer Additives report to accelerate market growth. This research compilation on Fertilizer Additives market is a meticulous compilation of in-depth primary and secondary research. The report also lists ample understanding on various analytical practices such as SWOT and PESTEL analysis to guide optimum profits in Fertilizer Additives market. The report is a conscious attempt to unearth market specific developments to ignite growth specific market discretion.