Surge in demand for agricultural commodities and ongoing R&D activities of fertilizer manufacturing technology drive the growth of the global fertilizer additives market.
Allied Market Research recently published a report, titled, “Fertilizer Additives Market by Form (Granular, Prilled, and Powdered), Type (Anti-caking Agents, Antifoam Agents, Dust Control Coatings, Coloring Agents, Granulation Aids, Corrosion Inhibitors, Hydrophobic Additive, and Others) Application (Urea, Diammonium Phosphate, Ammonium Nitrate, Triple Superphosphate, Monoammonium Phosphate, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.” According to the report, the global fertilizer additives industry generated $3.2 billion in 2020, and is expected to reach $4.7 billion by 2030, witnessing a CAGR of 4.1% from 2021 to 2030.
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COVID-19 impact analysis
The outbreak of the COVID-19 pandemic left a significant impact on the global economy. The fertilizer additives market report provides a detailed study of the micro- and macro-economic impacts of the pandemic. Moreover, the analysis depicts the direct impact of COVID-19 on the fertilizer additives market. It recapitulates the detailed information about the market extent and shares owing to the impact of the outbreak. The report also emphasizes on the supply chain and the sales of the fertilizer additives market. Last but not the least; the study also exhibits a post-COVID-19 scenario, portraying different measures and initiatives taken by the government bodies across the world.
The anti-caking agents segment contributed to the highest market share in 2020, accounting for nearly one-third of the global fertilizer additives market, and is expected to maintain its dominance in terms of revenue throughout the forecast period. Moreover, this segment is projected to manifest the fastest CAGR of 4.6% from 2021 to 2030. This is attributed to prevention of the formation of lumps and caking during the storage of fertilizer additives and ensuring quality. The research also discusses segments including antifoam agents, dust control coatings, coloring agents, granulation aids, corrosion inhibitors, hydrophobic additives, and others.
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Some ruling enterprises in the global fertilizer additives market are examined in the report along with the citation of innovative product launches by them, their collaborative undertakings & endeavors, several merges & acquisitions, and many more. The frontrunners operating in the global fertilizer additives industry include ArrMaz Products Inc., CHEMIPOL, S.A., Clariant AG, Emulchem, KAO Corporation, LignoStar Michelman Inc., Novochem Group.
LAMEA, followed by North America, is projected to register the fastest CAGR of 4.5% during the forecast period. Moreover, this segment contributed to the highest market share in terms of revenue in 2020, accounting for nearly three-fifths of the global fertilizer additives market, and is projected to continue its lead position by 2030. This is due to the growth of agricultural industries, increase in investments in the agricultural sector, usage of modern technology in agriculture, and discovery of new applications of fertilizer additives. The report also analyzes regions including Asia-Pacific and Europe.
Major Inclusions-
- Qualitative as well as quantitative assessment of the market on the basis of the detailed categorization involving both the economic and non-economic factors.
- Analysis at country and regional level, which portrays the share of the product or service in different regions.
- Elaborative company profiles section, which provides different pointers such as key executives, business enactment, company overview, product/service portfolio, R&D expenditure, current scenario, and prime strategies of the key market players.
- The forecasted market outlook of the fertilizer additives market based on recent developments, which incorporate the analysis of drivers, market trends, and growth opportunities.
- The COVID-19 impact on the fertilizer additives market
- Post-sales support and free customization
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