Demand for Fertilizer Additives Market is Increase at a Moderate 4.2% Annually to US$ 1,445.8 Mn in 2028

Overall, sales growth of fertilizer additives will be driven by:

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Anticaking agents segment is projected to create 1.3X incremental opportunity till 2028, currently being the largest product type category worth US$ 527 Mn . The trend is projected to continue through 2028, considering major demand from solid fertilizers. The increasing demand for anti-caking agent is mostly attributable to its key characteristic to prevent lump formations, making for easy packaging and transportation. Representing well over 55% share of the total market, in terms of value in 2018, anti-caking agent is also expected to witness major innovations in the form of eco-friendly anti-caking agents, by 2028.

 Moreover, being an important nutrient for crop production-directly influencing the amino acid composition of protein and nutritional quality of the subsequent yield, will positively translate in widespread adoption of N fertilizer. FMI predicts high adoption of fertilizer N in fruit production, oilseeds, fodder crops, horticulture to maintain high level of quantity and quality"-  ,  , 

 owing to its significant role in metabolic interactions in crops, globally is  , with a key critical focus on increasing crop nitrogen use efficiency to further enhance the crop quality, adds the analyst.

In the  , Tier 1 players including Clariant AG, Arkema S.A., Kao Corporation and Koch Industries, Inc., among others hold nearly 80 percent of the total market share. With dominance well displayed by key players through an extensive product offering, FMI also underlines the critical role of organic and inorganic growth through strategic collaborations and mergers and acquisitions, across the value chain and its impact on formulating effective fertilizer additives. Whether it is Clariant AG's agreement with SABIC and Huntsman Corporation or Arkema's collaboration with Barrday, Inc and its expansion move in China , key players are projected to push their products in untapped markets through such joint ventures.

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 The report 'Fertilizer additives Market Forecast, Trend Analysis & Competition Tracking - Global Review: 2018 to 2028' offers a long-term outlook on the global fertilizer additives market, through an extensive primary and secondary research.

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