Global Fertilizer Additive Market- By Type, Function, Form and Geography Market Shares, Forecasts And Trends (2017 - 2022)
Global Fertilizer Additive Market is slated to grow at a CAGR of 5.7% during 2015-2020 forecast period. The market is estimated to be valued at $12.83 billion currently which then would reach a market value of $16.93 billion by 2020. Fertilizer additives are substance or mixture that are intended to improve the fertilizer durability and performance for agricultural production purposes. The physical, chemical, or biological characteristics of fertilizer products are being improved by the application of additives that ultimately helps in better crop production, plant growth, product quality and yield.
Fertilizer additives are being increasingly used for their capacity to improve the fertilizer performance by improving their physiochemical condition. Additives promote and accelerate plant growth whilst improving its general health and resistance to insects and pathogenic diseases. These products function by providing the plant with ready-made molecules, thus saving energy.
Fertilizer additives are increasingly being used for inhibiting urea hydrolysis, nitrification, or ammonia loss from soil. The growth of the market is attributed to high cost and demand for basic agrochemicals like pesticide and fertilizer and the dire need for improved food productivity globally through the efficient use of agrochemicals. Factors like lack of awareness about the additives usage and low adoption rate due to lack of proper channels are restricting the market growth of this niche segment. Additionally, high growth potential in the developing regions and technological advancement for product manufacturing may provide the future growth potential. Asia-Pacific is a potential region with investments coming from major players in the market.
The market for fertilizer additives has been segmented on the basis of fertilizer types, form of products, function and by geography. The major types of fertilizer additives include essential macronutrients like nitrogen, phosphorus and potassium. By form, the market is broadly classified into solid and liquid based products. Additives function as Inhibitors, Coating Agents, Granulation Aids, Anti-caking Agent, Anti-moisture and as colorant etc. that are being added to fertilizers during manufacturing.
In the geographical segmentation, North America dominated the market place in 2015 with the largest share globally. Europe is the second largest market with around one-fifth of the global share; the regional market is led by Germany, UK and France. Latin America region would experience fastest growth owing to the oilseed crop applications. In Asia-Pacific, usage of additives would grow in countries like India, China and Vietnam etc.
The key companies in the market are Clariant International Ltd., Coromandel International Limited, TATA Chemicals Limited, Holland Novochem B.V. and Liven Agrichem Pte Ltd etc. Novozymes and Advanced Biological Marketing, Inc.etc. The most preferred strategies of the key players are to achieve competitive advantage and to expand the business units in various geographical areas by joint ventures, expansions and acquisitions. Introducing new effective products through investments in R&D and technological innovations are adopted to popularize the niche market.
In this report we offer,
Market analysis for the Global Fertilizer Additive Market, with region specific assessments and competition analysis on global and regional scales.
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Global Fertilizer Additive Market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
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