Fertilizer additives are materials that are added to fertilizers to prevent loss of essential nutrients such as nitrogen, phosphorus, calcium and potassium from the soil. Fertilizer additives improve the quality and stability of fertilizers and soil and enhances yield of crops. These additives are deployed during storage and transportation of fertilizers to prevent the formation of caking of fertilizers, due to fluctuating storage temperatures.
Increasing demand for food grains and decline in size of arable lands owing to population explosion has increased pressure on farmers to produce more food grains in a short span of time. These are the major factors expected to boost growth of global fertilizer additives market. These additives find enhanced usage to prevent formation of lumps in fertilizers during rainy season, which is another factor expected fuel growth of the global market over the forecast period. However, harmful environmental effects posed by the increased use of chemical fertilizers is expected to hinder the growth of the global market to a certain extent.
The global fertilizer additives market is segmented on the basis of function, application, form, and region. On the basis of function, the global market is segmented into anticaking agents, dedusting agents, antifoam agents, hydrophobic agents, corrosion inhibitors, and others. Anti-caking agent segment is expected to project highest growth rate owing its increased usage during transportation, consumption and packaging of fertilizer as it prevents formation of lumps in fertilizers. On the basis of form, the global market is segmented into pills, granules, powder, and others. The granules segment is expected to hold a dominant position over the forecast period.
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On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific accounted for a considerable share in the global fertilizer additives market, followed by Latin America. China and Brazil constituted the largest country-level markets in the Asia-Pacific and Latin American regions, respectively. Government initiatives such as subsidies and incentive schemes, increase in awareness regarding benefits of fertilizers, and increase in farm expenditure have led to growth of the market in countries in the region.
Key players in the global market are Clairant, KAO Corporation, Novochem Group, ArrMaz, Filtra Catalysts & Chemical Ltd., Solvay, Chemipol, Forbon Technology, Michelman, and Tolsa Group.