Fertilizer Additive Market

Fertilizer Additive Market Outlook from 2023 to 2033

The fertilizer additive market is projected to be valued at USD 1,167.62 million in 2023. The market research report anticipates a growth of USD 1,761.88 million by 2033. The fertilizer additive sales are expected to record a CAGR of 4.20% during the forecast period.

Fertilizer Additive Market Trends and Highlights

• Coherent agricultural production in key regions. With soaring demand for food and related products, as well as dwindling farmland.
• The major concern about growth promotion has led to various fertilizer formulations that integrate a unique mix of fertilizer additives to convey necessary properties depending on climate, soil type, and crop type across regions.
• The market for fertilizer additives is anticipated to expand because of the increased utilization of urea, potash, and phosphate-based fertilizers.

Attributes	Key Insights
Fertilizer Additive Market Estimated Size in 2023	USD 1,167.62 million
Projected Market Value in 2033	USD 1,761.88 million
Value-based CAGR from 2023 to 2033	4.20%

2018 to 2022 Historical Analysis vs. 2023 to 2033 Market Forecast Projections

The global demand for fertilizer additives is projected to increase at a CAGR of 4.20% during the forecast period between 2023 and 2033, reaching a total of USD 1,761.88 Million in 2033, according to a report from Future Market Insights (FMI). From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 3.20%.

The fertilizer additives market has witnessed substantial growth from 2018 to 2022, typically attributed to consistent agricultural produce across key regions. With the increasing demand for food and associated products and depleting arable land, the demand for fertilizer additives will likely continue with strong prospects during 2023 to2033.

Fertilizer additions provide several advantages, including the ability to boost fertilizer production. The rising demand for primary nutrients and high-quality fertilizers has increased the demand for higher agricultural yields. These variables are expected to boost the demand for fertilizer additives during the forecast period.

Historical CAGR from 2018 to 2022	3.20%
Forecast CAGR from 2023 to 2033	4.20%

Fertilizer Additive Market Growth Driver

• The need for increased agricultural productivity to feed a growing global population has driven the demand for fertilizers.
• Fertilizer additives can enhance fertilizers' efficiency, improving crop nutrient uptake and leading to higher yields.
• The growing awareness of the environmental impact of traditional fertilizers, which can lead to nutrient runoff, water pollution, and greenhouse gas emissions, drive the market demand
• Advancements in fertilizer additive technologies, such as controlled-release fertilizers, micronutrient-enriched additives, and biostimulants, have expanded the range of options available to farmers, driving market growth.
• As farmers become more aware of the benefits of fertilizer additives in terms of cost savings, increased yields, and reduced environmental impact, the demand for these products is likely to grow.
• The globalization of agriculture and increased trade of agricultural products have created a more interconnected global market for fertilizer additives.

Fertilizer Additive Market Restraints

• The penetration of 100% organic fertilizers creates obstacles for the fertilizer additives market.
• Many farmers may not be aware of the benefits of fertilizer additives or how to use them effectively; this lack of education and information can hinder adoption.
• The fertilizer additive market is fragmented, with many different types of additives available. This fragmentation can make it challenging for farmers to choose the right product for their needs.
• Economic factors, such as fluctuations in commodity prices, currency exchange rates, and trade tensions, can impact farmers' affordability of fertilizers and additives.

Country-wise Insights

Forecast CAGRs from 2023 to 2033

The United States	2.60%
India	7.90%
France	1.90%

Agriculture Sector and exporting additives are driving the growth of the Market in the United States

The United States has a well-established agriculture sector and is a significant market for fertilizer additives. Demand for fertilizer additives is driven by a combination of factors, including the need for improved nutrient efficiency, compliance with environmental regulations, and the desire to enhance crop yields.

The country has witnessed significant growth in the demand for fertilizers and fertilizer additives. Fertilizer additives were most commonly used as anti-caking agents in the United States due to variations in storage temperatures. The United States fertilizer additives market is anticipated to witness a CAGR of 2.60% by the end of 2033.

Government Initiatives Expanding Use of Additive Fertilizers in India

Fertilizer additives have had high demand in India since the agriculture industry,between 2023 and 2033, the government is expected to take significant initiatives to assist and expand the agriculture industry with proven farming technology and supporting legislation, which is expected to generate different prospects for fertilizer additive growth.

The Digital Agriculture Mission 2021–2025 intends to encourage and accelerate initiatives employing new technologies such as artificial intelligence (AI), blockchain, remote sensing, GIS technology, drones, and robots. The Indian government's plan is anticipated to boost agricultural output, reduce production costs, and prevent soil deterioration. All of these factors are expected to fuel the country's fertilizer additive industry. In terms of value, the market is expected to grow at a CAGR of 7.90% between 2023 and 2033

Technological Innovations in Agriculture Spurring Growth of Additive Fertilizers in France

The growing agriculture industry, supported by suitable weather conditions and land availability, led to the vast production of multiple crops across the region. Abundant land availability and suitable weather conditions have facilitated the production of multiple crops in France. The country's government has set various regulations on the manufacturing and use of the product. For instance, the additive manufacturers must obtain the approval of the active ingredients from the commission before launching a product.

The fertilizer additives market in France is driven by technological innovations in the agricultural sector and growing awareness about the product's benefits. The growth of the urban population with the limited arable land area has played a huge role in the growth of the fertilizer additive market. France is expected to hold a CAGR of 1.90% for fertilizer additives in 2033.

Category-wise Insights

Category	Market Share
Anti-Caking Agent	54.6%
Nitrogen	46.5%

Properties of anticaking accelerating growth of the same in additive fertilizers

Anticaking agent is used as a fertilizer additive, which helps prevent the formation of lumps during storage. Owing to the formation of salt bridge and capillary adhesion, the caking process takes place in fertilizers during storage. There are various factors that lead to the formation of caking in fertilizers such as chemical composition of the fertilizer, moisture content, particle structure, temperature, pressure, storage time, and others.

Controlled storage, better packaging, and the addition of anticaking agents in fertilizers are the different methods used to prevent the caking process. The most effective one is the addition of an anticaking agent. The anticaking agents are made of powerful surfactants, surface tension modifiers, parting agents, and crystal habit modifiers. The anti-caking agent segment is expected to possess a 54.6% market share for the fertilizer additives market in the forecast period 2023 to 2033.

Nitrogen Fertilizers are expected to be Extensively Used

Nitrogen fertilizers are used across various crops, from staple grains like wheat and rice to high-value cash crops like vegetables and fruits. This application's versatility contributes to high demand. Among all additives, nitrogen-based products are considered highly important as nitrogen is a very crucial component for the growth of a plant.

Market Competition

Key players in the fertilizers additive market are Clariant AG, Arkema S.A, Dorf Ketal, ArrMaz, Timac Agro USA, Michelman, inc., Hubei Forbon Technology Co Ltd, Fertibon Products Pvt Ltd, Chemipol SA, Neelam Aqua & Speciality Chem (P) Ltd

The fertilizer additives market is consolidated, with a large number of acquisitions and mergers happening in the market. Key market players focus on grabbing the maximum share by acquiring smaller players. Also, key players are employing the strategy of backward integration to enhance their grip on the market.

Several key players are also looking at capacity expansion. Large fertilizer manufacturers are focusing on untapped market opportunities through joint ventures. Over the last few years, several expansions have been seen in the market, indicating increasing demand for fertilizer additives.

Key Developments

• In December 2021, Timac Agro USA acquired rainbow plant food. Through this acquisition, the company focuses on expanding its patented granular technologies and using fertilizer additives.
• Michelam Inc., a key player in the fertilizer additive market, focuses on offering nature-friendly products. The company’s NurtureYield*K fertilizer additives are easily dissolved in water and work as great fertilizer additive agents.

Report Scope

Attributes	Details
Estimated Market Size in 2023	USD 1,167.62 million
Projected Market Valuation in 2033	USD 1,761.88 million
Value-based CAGR 2023 to 2033	4.20%
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	Value in USD billion
Key Regions Covered	North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East and Africa
Key Market Segments Covered	Product, Application, Region
Key Countries Profiled	The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel
Key Companies Profiled	Clariant AG; Arkema S.A; Dorf Ketal; ArrMaz; Timac Agro USA; Michelman, inc.; Hubei Forbon Technology Co Ltd; Fertibon Products Pvt Ltd; Chemipol SA; Neelam Aqua & Speciality Chem (P) Ltd

Key Segments Profiled In the Fertilizer Additives Market Industry Survey

By Product Type:

• Anti-caking Agent
• Dust Suppressor
• Drying Agent
• Granulation Agent
• Others

By Application:

• N (Nitrogen)
• P2O5
• K2O
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia and Pacific
• East Asia
• Middle East and Africa

Frequently Asked Questions

What is the expected worth of the fertilizer additive market in 2023?

The fertilizer additive market is expected to reach USD 1,167.62 million in 2023.

What is the future of the fertilizer additive market?

The fertilizer additive market is set to expand by a CAGR of 4.20% by 2033.

How much valuation is projected for the fertilizer additive market in 2033?

The fertilizer additive market is forecast to reach USD 1,761.88 million by 2033.

Which region will likely lead the fertilizer additive market?

A significant share of profits will likely come from the Industry in East Asia