Do. Mrz 28th, 2024

Fertilizer Additives Market size is forecast to reach US$ 1.7 billion by 2026, after growing at a CAGR of 3.5% during 2021-2026. Fertilizer additives are chemicals that are used to prevent the loss of important macro and micronutrients such as nitrogen, phosphorus, potassium, calcium, manganese, and iron from fertilizers. Loss of these nutrients can have consequences like deterioration of the excellence of the fertilizers, ultimately have an effect on their productivity. It can be used as Anti-Dust Agents, Anti-Caking Agents, Hydrophobic agents, Corrosion Inhibitors which are also available for each type of production processes, such as blending, prilling, granulation, and crystallization, and for fertilizers like Diammonium phosphate, Ammonium sulfate, Calcium Nitrate, Urea, Triple superphosphate, and others. Further, it is also used in hydroponic nutrients to improve plants’ immunity on a few fronts. The Asia Pacific is expected to witness the highest demand for fertilizer additives over the forecast period with countries such as India, China, and Bangladesh at the forefront. The demand for fertilizer additives is mainly dependent on the growth of the fertilizer industry. Further, the shrinking arable land, adoption of new technology in fertilizer production, and the increasing willingness of farmers to spend more for increased productivity are some important factors that contribute to the growing demand for fertilizer additives.

COVID-19 Impact

Covid-19 brought the world economy to its knees, with the fertilizer additives market not being an exception. During the covid19 pandemic, the agriculture sector went through plight as the lockdown coincided with the period when farm activity was at its peak. This resulted in the limitation of transport facilities, laborers, and the absence of machine fixes mechanics. The impact on the agriculture sector directly affects the growth of the fertilizer additives market. Although the sector was poised for quick recovery and witnessed growth in production and as well as exports.

Fertilizer Additives Market Segment Analysis – By Product Type

Anti-Caking Agents held the largest share of 30% in the Fertilizer Additives Market in 2020. Most fertilizers drift to agglomerates during storage and when fertilizer is not free-flowing, there will be irregular delivery during field application. These situations can weaken and at times even damage the value of fertilizer, and in some cases, generate safety threats for workers in the industry. Enhancing anti-caking agents in fertilizer can enhance product marketability, improve workplace safety, equipment protection, reduce logistics and handling costs, easier regulatory compliance, reduced airborne dust. And when a supplier is able to go to market with an appropriately treated fertilizer product, it will give the full market value for their product while minimizing the potential for quality claims. Thus, the demand for anti-caking agents is likely to directly boost the fertilizer additives market.

Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=7370

Report Price: $ 4500 (Single User License)

Fertilizer Additives Market Segment Analysis – By Application

Urea dominates the Fertilizer Additives Market growing at a CAGR of 3.7% during the forecast period. It is a broadly used source of fertilizer nitrogen worldwide. The critical relative humidity of urea is high compared to the ammonium nitrate and calcium ammonium nitrate. Due to this, it can withstand hot and humid climate conditions. Also, up to 0.3%, the moisture content of urea is ideal to avoid problems such as caking. Moisture content above 0.3% results in the deterioration of urea during storage and the adverse effects of urea fertilizers on seed germination and seedling growth in the soil is due to ammonia produced. These all can be eliminated by the addition of additives to these fertilizers. According to World Fertilizer, Togliattiazot, a known player, has constructed and installed its third urea unit consist of a granulation tower, a reactor, distillation columns, and a hydrolyzer. The design capacity of the unit will amount to 2200 tpd of urea, which will increase the production capacity of the enterprise for the production of urea by more than 70%. Such initiatives in the growth of urea fertilizer directly impact the escalation of the fertilizer additives market.

Fertilizer Additives Market Segment Analysis – By End-Use Industry

Agriculture dominates the Fertilizer Additives Market growing at a CAGR of 6.8% during the forecast period. With the global population steadily growing, it is important that enough crops are produced each year to provide food, clothing, and other agricultural products to people around the world. Fertilizers play an important role in providing crops with the nutrients they need to grow and be harvested for nutritious food. It helps deliver enough food to feed the world’s population. And to that fertilizer additives improve the quality and stability of fertilizers and soil, avoid loss of nutrients such as nitrogen, phosphorus, potassium, and sulfur, and prevent corrosion of the container used for transportation. They also provide anti-foaming and anti-caking characteristics to the fertilizer. According to the Food and Agriculture Organization (FAO), more than 60% of the world’s population depends on agriculture for survival and there is a number of development projects are initiated such as Farmaid, a plant disease detection robot, Smartagro, Smart farms, generating techno-environmental and many more. The development and the progressing initiatives in the agriculture field will certainly increase the demand growth of fertilizer additives.

Fertilizer Additives Market Segment Analysis – Geography

Asia Pacific region held the largest share in the Fertilizer Additives Market in 2020 up to 44% followed by North America and Europe. Land constraints and growing population and urbanization throughout Asia underscore the need for environmentally sound technologies to sustain agricultural growth. This also encourages the application of fertilizer additives. Moreover, increasing farm expenditure has led to the increased market growth of fertilizer additives in this region. According to Food and Agriculture Organization (FAO), the Asia Pacific region contains 1836 million2 people of which 62 % are directly involved in agriculture. It has made great strides in reducing poverty and hunger over the past four decades. Strong agricultural growth based on improved seeds and growth in yields (the Green Revolution) played a vital role in this process by raising rural incomes and increasing food availability, which kept food prices low. The fertilizer additives play a vital role in all such development and so the demand went high in this region.

Fertilizer Additives Market Drivers

Coloring Agents that are fully Compatible with Fertilizer Additives

Coloring agents contribute to the fertilizer food processor an influential implement to differentiate their fertilizers, focus the level of quality, and encourage their appeal. Some fertilizer end-users need diverse fertilizer blends to determine which crop is being addressed. However, when fertilizers all look alike, it can be difficult to ensure the appropriate fertilizer is matched with the relevant crop. A solution would be to color a tomato-specific fertilizer red and one designed for leafy vegetables green. Color can be utilized for more than just a visually pleasing afterthought, it can be a valued contribution to a formulation. Any color can be supplied and applied directly into the fertilizer blending process together with additives to give the fertilizer color. The coloring agent demand growing high as it contributes to dust control and caking control in the fertilizer and the demand escalation in the fertilizer end-use industries.

Corrosion Inhibitors in Fertilizer

Corrosion is the deterioration of materials by chemical interaction with their environment. The consequences of corrosion are many and varied. The effects of these on the safe, reliable and efficient operation of equipment or structures are often more serious than the simple loss of a mass of metal but can affect the human digestive tract, respiratory tract, eyes, and skin. For instance, Urea Ammonium Nitrate (UAN) is highly corrosive to agricultural application equipment, and without proper treatment, can increase maintenance costs and cause unscheduled product storage and transfer equipment failures. Corrosion inhibitors are specifically designed for the agricultural chemical industry and incorporate corrosion inhibitors to address potential corrosion in the production, storage and transportation processes and which makes demands high in the agriculture sector and which significantly have a positive impact on the fertilizer additives market.

Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=7370

Fertilizer Additives Market Challenges

Additives may degrade the nutrients in fertilizer

Anti-caking agents are extensively used in fertilizers to prevent the formation of lumps. They are added to prevent the breakdown of certain nutrients, especially vitamins. However, it has been found that anti-caking agents can significantly affect the chemical stability of vitamins and probably may degrade the nutrients in a powdered formulation. Instead of protecting certain nutrients, it may accelerate the breakdown of beneficial compounds which seems to hamper the growth of the fertilizer additives market.

Fertilizers are toxic to the skin and respiratory system

Plant fertilizers can be poisonous to people and pets if they are inhaled or unintentionally ingested. Handling the fertilizer may trigger skin irritation, and ingesting it may be poisonous. Nitrates are the ingredients that cause the poisoning. Nitrates are a form of nitrogen that plants can easily absorb. Nitrogen is essential for plant growth, but it can be very dangerous when present at high levels in humans. Within our bodies, nitrates lower the ability of the red blood cells to carry and deliver oxygen. These setbacks in fertilizer production are expected to have a negative impact on the fertilizer additives industry

Fertilizer Additives Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Window Films Market. Major players in the Window Films Market are Clariant, KAO Corporation, Novochem Group), ArrMaz, Togliattiazot, Filtra Catalysts & Chemicals Ltd., Chemipol, Michelman, Tolsa Group, Forbon Technology, and Solvay.

Acquisitions/Technology Launches / Product Launches

In July 2019, West Central, a known company, launched New Broadcast Fertilizer Additive, ‘Trivar’. It is the first crop protection additive designed for broadcast phosphorus application to maximize crop yields.

Related

Key Takeaways

Asia Pacific dominates the Fertilizer Additives Market owing to a rapid increase in the Agriculture sector.

The market drivers and restraints have been assessed to understand their impact on the forecast period.

The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.

The other key areas of focus include the various applications and end-use industry in Fertilizer Additives Market and their specific segmented revenue.

Due to the COVID-19 pandemic, most of the countries have gone under temporary shutdown, due to which operations of Fertilizer Additives related industries have been negatively affected, thus hampering the growth of the market.

Related Reports

A.Nitrogenous Fertilizer Market

https://www.industryarc.com/Report/16179/nitrogenous-fertilizer-market.html

B.Chitin Fertilizer Market

https://www.industryarc.com/Research/Chitin-Fertilizer-Market-Research-501434

For more Chemicals and Materials Market reports, please click here

Pressemitteilung teilen:

Schreibe einen Kommentar