Fertilizer Additives Market To Reach USD 4.27 Billion By 2027
Market Summary
The boom in demand for fertilizers to inflate the production of crops and avert the shrinkage of fertile land are the major driving factors. Fertilizer Additives Market Size – USD 3.36 Billion in 2019, Market Growth - CAGR of 3.2%, Market Trends – High demand from developing nations.
Market Summary Our Approach The Global Fertilizer Additives market is forecast to reach USD 4.27 Billion by 2027, according to a new report by Reports and Data. The market is avouching a gush in demand for agricultural commodities and a surge in the application of R&D in fertilizer manufacturing technology to enhance and elevate the growth of fertilizer additives. Along with this, there is an increase in the necessity of primary nutrients and supreme quality of fertilizers, which are resulting in a surge in demand for improving agricultural yields. With the rapid increase in lifestyle diseases, there is a major shift of focus and attention in the use of organic fertilizers. The Aftermath of using chemical fertilizers is another massive restrain that the market faces as the main components used are ammonia nitrogen and nitrate, which acts as the main pollutant in water bodies, and its major aftereffect is Eutrophication along with groundwater pollution. Transformation in emerging markets, as well as growth in the market, are the opportunities, and the deleterious health effect due to agrochemicals on human health is the challenge that the market is currently facing. In addition, imposing rigid and stringent regulation is also a challenge.
Key participants include Novochem Group, Tolsa Group, Filtra Catalyst & Chemicals, Clariant, Amit Trading Ltd, Armaz, Forbon Technology, Chemipol, Michelman, and KAO, among others. To Get Sample Copy of Report visit: https://www.reportsanddata.com/sample-enquiry-form/3268
Market Summary Our Approach End-Use Type Outlook (Revenue, USD Billion; 2017-2027) • Mono Ammonium Phosphate • Urea • Potassium Magnesium Sulphate • Triple Super Phosphate • Ammonium Nitrate • Others Additives Type Outlook (Revenue, USD Billion; 2017-2027) • Dust control • Anti-caking Agent • Granulation Aids Form Outlook (Revenue, USD Billion; 2017-2027) • Granular • Prilled • Powdered Grab Your Report at an Impressive Discount! Please Click Here @ https://www.reportsanddata.com/discount-enquiry-form/3268
Market Summary Our Approach Further key findings from the report suggest •
Urea is the chemical compound used as fertilizer, which has the maximum amount of nitrogen among all the other fertilizers available in the market. It has a wide application range and is harmless to crops and soil. The Russian Federation is the first country that produces maximum urea in the world. As of the year 2017, the production of urea in the Russian Federation was 8 million tonnes, which accounts for 18.72% of the world’s urea production.
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Anti-caking agents are used to preventing caking for packaging and transport, and example is Sodium Aluminosilicate. According to recent research, the demand for anti-caking agents is increased for over 50%of the fertilizer additives market share in the year 2018, as it is observed that using anti-caking agents reduces the risk of backflow passage of machines used for distributing fertilizers.
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North America dominated the market for Fertilizer Additives. In this region, the most popular fertilizers were Urea and Ammonium Nitrate.
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The Asia Pacific holds a share of more than 50% in the global fertilizer additives market in which India and China are the major consumers.
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