Over the last half-decade, the worldwide fertiliser additives market has grown at a moderate CAGR of 3.2 percent. The continuous COVID-19 pandemic, particularly in South Asia and Oceania, as well as North America, has disrupted people’s movements, which has had a knock-on effect on the fertiliser additives industry.
In Europe and North America, lower agricultural product prices have reduced demand for fertiliser additives market in the third quarter. The market’s growth rate could be calculated using the nominal increasing and mature agricultural chemicals demand.
Fertilizer Additives Market: Segmentation
Fact.MR has studied the fertilizer additives market with detailed segmentation on the basis of type, application, and key regions.
Type
- Anti-caking Agents
- Dust Suppressors
- Drying Agents
- Granulating Agents
- Others
Application
- Nitrogen
- Phosphorous Pentoxide
- Potassium Oxide
- Others
The Analyst’s Point of View
“A significant strategy of manufacturers in the fertiliser additives market sector is to collaborate with fertiliser manufacturers under a two-part tariff to assure long-term profits.”
Manufacturers of Fertilizer Additives: Key Strategies
The global market for fertiliser additives is fairly concentrated. Tier 1 players include Arkema S.A, ArrMaz, Chemipol S.A, Clariant AG, and Dorf Ketal. According to Fact.MR projections, these companies will collectively account for more than 30% of global market share in 2020. Important manufacturers have been seen participating in R&D and partnering with key fertiliser manufacturers in order to increase their market share.
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