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The Global Fertilizer Additives market is segmented by Function (Inhibitors, Coating Agents, Granulation Aids, Anti-Caking Agents, and Others), by Form (Solid and Liquid), and by Geography (North America, Europe, Asia-Pacific, South America, and Africa).
2016 - 2026
Fastest Growing Market:
The fertilizer additive market is projected to grow at a CAGR of 3.5% during the forecast period. The increasing food demand and food security are some of the major factors driving the growth of the fertilizer additive market. The rising demand for urea is another factor that is anticipated to drive the growth of the market. Also, technological innovations nowadays can act as an important factor augmenting the growth of the market studied.
North America and Asia -Pacific are the largest market for fertilizer additives. Fertilizer additives are used to enhance the efficiency of various fertilizers. The changing market trend towards the Efficiency Enhanced Fertilizers (EEF) will boost the use of fertilizer additives during the forecast period.
Covid-19 has a direct and negative impact on the value chain of the fertilizer additives market. The lockdown in different countries has affected the transportation systems adversely. This has led to the use of the emergency stock of raw materials by manufacturers for continuing production. Crop producers were affected by disruptions in local and international transport systems, which inhibited their access to intermediate inputs like fertilizers which affected the fertilizer additives demand as well.
Fertilizer additives are used for the improvement of the quality and the stability of the soil and fertilizer. It is also used to prevent the loss of nutrients like phosphorus, sulfur, nitrogen, and potassium from the soil and the environment. The market is segmented by function, form and geography.
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Urea has the highest nitrogen content among all the solid fertilizers and is used widely as a major source of nitrogen for agricultural use. Also, the relative humidity of urea is high which makes it withstand the hot and humid conditions. Therefore, it is preferred to ammonium nitrate and calcium ammonium nitrate (CAN) and also has a rising demand in the market owing to its usage both in solid and liquid form. This further accelerates the growth of the fertilizer additive market.
The rising demand for urea-based fertilizers is another factor that drives the growth of the market. Additionally, technological innovations are also augmenting the growth of the market studied. According to a study by Agriculture and Agri-Food Canada, the use of ammonium thiosulphate as a urease inhibitor with the varying surface placement of urea and urea ammonium nitrate in production of hard red spring wheat under reduced tillage management. TIB® Thio ATS, by TIB Chemicals, is one of the popular ammonium thiosulphate inhibitors sold in the North American region.
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The Asia Pacific holds a share of more than half in the global fertilizer additives market. China and India are major consumers of this product owing to the vast agricultural zones in these countries. Asia-Pacific is a latent region with investments coming from major players in the market. Furthermore, the rising demand for agricultural products in countries, like the US, Canada, and Mexico in the North American region is projected to boost the fertilizer additives market during the forecast period. The United States is the world’s fourth-largest producer of nitrogen fertilizers and the second-largest producer of phosphate. As per the State of the Fertilizer Industry Report published by The Fertilizer Institutes, in 2017, 21% of the nitrogen and phosphate fertilizer products in the United States were found to be treated with an inhibitor, polymer, or other controlled release mechanism products for enhanced efficiency
Additionally, the major key players are actively involved in the research & development in order to enhance the quality of fertilizer additives.
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The fertilizer additive market has various small and medium-sized companies and a few big players, resulting in stiff competition in the market. Corteva Agriscience, BASF SE, ArrMaz, Koch Agronomic Services, LLC, Novochem Group, and Dorf Ketal are some of the known players in the market.
To take a competitive advantage over other players, the major players are increasing their research expenses. Additionally, the companies are also involving in the process of acquisition which will lead to market consolidation in the future. For instance, ArrMaz was acquired by Arkema in 2019, one of the major manufacturers of high-performance materials, industrial specialties, and coating solutions. This acquisition of ArrMaz one of the major players in specialty surfactants for crop nutrition, mining, and infrastructure markets will strengthen the product portfolio of Arkema. ArrMaz acts as a subsidiary of Arkema.
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.2 Coating Agents
5.1.3 Granulation Aids
5.1.4 Anti-Caking Agent
5.3.1 North America
18.104.22.168 United States
22.214.171.124 Rest of North America
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
5.3.3 Asia Pacific
184.108.40.206 Rest of Asia-Pacific
5.3.4 South America
220.127.116.11 Rest of South America
18.104.22.168 South Africa
22.214.171.124 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Competitor Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 BASF SE
6.3.2 Corteva Agriscience
6.3.4 Dorf Ketal
6.3.5 Koch Agronomic Services, LLC
6.3.6 Clariant International Ltd
6.3.7 KAO Corporation
6.3.8 Michelman, Inc.
6.3.9 Holland Novochem BV
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET