The global fertilizer additives market size was worth around USD 3.0 Billion in 2022 and is predicted to grow to around USD 4.1 billion by 2030 with a compound annual growth rate (CAGR) of roughly 4.2% between 2023 and 2030.
???? Click Here to access The Full market Report : https://www.zionmarketresearch.com/report/fertilizer-additives-market
➤ The market is driven by the use of fertilizer additives as corrosion inhibitors
Corrosion is the term used to describe the chemical degradation of materials that results from their interaction with their environment. The consequences of corrosion are multifaceted and numerous. They can affect an individual’s digestive system, respiratory system, eyes, and skin; however, they can also significantly adversely affect the safe, dependable, and efficient operation of equipment or structures. For instance, Urea Ammonium Nitrate (UAN) is very corrosive to agricultural application equipment and, if not properly treated, can lead to unanticipated equipment failures during product storage and transport, as well as increased maintenance costs.
➤ The market growth may be restricted by the degradation of fertilizer nutrients by additives
Anti-caking compounds are frequently implemented in fertilizers to prevent the formation of lumps. They are incorporated to prevent the decomposition of certain nutrients, particularly vitamins. Nevertheless, it has been demonstrated that anti-caking compounds have a substantial adverse effect on the chemical stability of vitamins and may even result in the degradation of the nutrients in a powdered formulation. It could accelerate the degradation of beneficial compounds rather than preserving specific nutrients, which would seem to be impeding the growth of the fertilizer additives market.
➤ A lucrative opportunity is presented by the growing global demand for sustenance
The United Nations anticipates that the global population will reach 9.2 billion by 2050. As a consequence of the expanding population, the demand for food is expected to increase by 70% in the next three decades. This has led to the necessity of increasing food production. The world will be unable to meet its growing demand for food production if fertilizers are not used. Commercial fertilizers are utilized to produce 30 to 40 percent of the world’s sustenance. Consequently, the fertilizer industry is experiencing growth as a result of the increasing demand for food production, which is driving the demand for fertilizer additives.
➤ The industry’s expansion is significantly impeded by the injury to the skin and respiratory system caused by fertilizers
Plant fertilizers may be toxic to both humans and animals if they are inadvertently inhaled or ingested. The fertilizer has the potential to cause skin irritation when handled, and it may be fatal if consumed. Nitrates are the components that cause toxicity. Nitrates are a form of nitrogen that plants can readily absorb. Large quantities of nitrogen in humans can be exceedingly hazardous, despite their necessity for plant development. The capacity of red blood cells to transport and distribute oxygen within our bodies is diminished by nitrates. These challenges in fertilizer manufacturing are expected to have a detrimental impact on the fertilizer additives industry.
???? Get more info : https://www.zionmarketresearch.com/buynow/su/fertilizer-additives-market
The Global Fertilizer Additives Market is segmented based on product, application and region
Global Fertilizer Additives Market: Product Segment Analysis
● Corrosion Inhibitors
● Hydrophobic Agents
● Anti-dusting Agents
● Anti-caking Agents
● Slow Release Coatings
● Others
Global Fertilizer Additives Market: Application Segment Analysis
● Urea
● Ammonium Nitrate
● Ammonium Phosphate
● Ammonium Sulphate
● Others
Click on This Below Link to see Similar Reports :
https://www.linkedin.com/pulse/fertilizer-additives-market-size-industry-trends-ykocf/
https://www.linkedin.com/pulse/global-white-pepper-market-industry-size-forecasts-5kacf
https://www.linkedin.com/pulse/generator-sales-market-share-size-industry-forecast-dfmzf/
https://www.linkedin.com/pulse/global-fruit-vegetable-processing-market-analysis-smqgf/
https://www.linkedin.com/pulse/ethyleneamines-market-size-share-trends-industry-pvcwf/
https://www.linkedin.com/pulse/fin-fish-market-size-industry-trends-historical-9hqof/
https://www.linkedin.com/pulse/bone-growth-stimulators-market-size-industry-lmyyf/
https://www.linkedin.com/pulse/global-neurology-digital-therapeutics-market-nce2f/
https://www.linkedin.com/pulse/intraoperative-neuromonitoring-market-size-share-q3zjf/
https://www.linkedin.com/pulse/frozen-pizza-market-share-size-industry-forecast-pywmf/
The global Fertilizer Additives market profiles key players such as:
● Clariant
● Solvay
● Calnetix Technologies
● Filtra Catalysts & Chemicals Ltd
● KAO Corporation
● Tolsa Group
● ChemSol LLC
● Chemipol
● Forbon Application
● Calnetix Technologies LLC
● Michelman
● British Sulphur
● Cameron Chemicals
● Lignotechagro
● Europiren B.V
● Golden Grain Group Limited
● Rock Chemie Co
● Volant Chem
● Saudi Specialty
???? Recent Developments:
• In April 2020, BASF introduced ‘Limus Clear,’ a novel urease inhibitor that can be used in conjunction with liquid fertilizer (UAN) to minimize nitrogen losses and ensure that the crop has the optimal amount of nitrogen.
• Phospholutions, a Pennsylvania-based company, received USD 10.3 million in investment from venture capital investors for its Series A round in January 2021. Phospholutions’ RhizoSorb is a fertilizer additive that can be used in conjunction with phosphate fertilizers or applied to them during production.
➤ The market is anticipated to be dominated by the Asia Pacific region during the forecast period.
The fertilizer additives market is anticipated to be dominated by the Asia Pacific region during the forecast period. It is anticipated that the demand for additives will increase as a result of the expansion of the agricultural sector in developing nations such as China and India during the projection period. Agriculture, a fundamental industry, plays a substantial role in the GDP of the countries in this region, such as China and India. For example, Inc42 anticipates that the Indian agriculture sector will expand to US$ 24 billion by 2025.
???? Get Customization Report : https://www.zionmarketresearch.com/custom/1179
About Us :
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database.
Contact Us:
Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States
Tel: +49-322 210 92714 USA/Canada Toll-Free No.1-855-465-4651
Email: [email protected]
Website: https://www.zionmarketresearch.com
Be First to Comment