Fertilizer Additives Market Overview:
Fertilizer Additives are chemicals added to the fertilizers to enhance their productivity. The demand for high agricultural yields is met with the following requirements for high-quality fertilizers and primary nutrients, which in turn is responsible for the rise in the market demand for the Fertilizer additives. 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 Market Size and Growth Rate:
Fertilizer Additives Market is estimated at USD 2.71 billion in 2018 and expected to be growing at a CAGR of 2.6%, to reach USD 3.08 billion by 2023.
Fertilizer Additives Market Drivers and Restraints:
Research and development in the field of fertilizer manufacturing technology have led to remarkable growth of the market for fertilizer additives. Other key factors for the market for fertilizer additives are the growing demand for agricultural products, the ease of application and management of fertilizers, and the demand for higher yielding crops. The market for fertilizer additives also faces limitations 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 regulatory requirements.
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Detailed Segmentation of the Fertilizer Additives Market:
Triple Super Phosphate
Market Geographical Analysis:
Based on geography, the global Fertilizer Additives market is analyzed under various regions, namely North America, Europe, Asia-Pacific, and Rest of the World. The Fertilizer Additives market was dominated by Asia-Pacific, with the overall market share of over 40% globally. North America followed the Asia-pacific. The reason behind the growth in these regions is the high rate of adoption of new technologies in fertilizer production.
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Prominent Key Players are:
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, Forbon Technology, Michelman, Tolsa Group.
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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