Fertilizer Additives Market Competitive Analysis 2019
Posted by Shiva on July 16th, 2019
Fertilizer Additives Market is estimated at USD 2.71 billion in 2018 and expected to be growing at a CAGR of 2.6%, to reach USD 3.08 billion by 2023. Fertilizer Additives are chemicals added to the fertilizers to enhance their productivity. The demand for high agricultural yields is met with the subsequent demands for high-quality fertilizers and primary nutrients, which in turn is responsible for the rise in the demand for the Fertilizer additives.
Market Drivers and Restraints:
Research and development in the field of fertilizer manufacturing technology have resulted in evident growth of the fertilizer additives market. Other key factors driving the Fertilizer Additives Market include rising demand for agricultural commodities, ease of application, and handling of fertilizers and demand for higher yield crops. The Fertilizer additives market also faces some restraints and challenges. Some of these factors are the growth of the organic fertilizer industry, the environmental impact of chemical fertilizers, adverse effects of agrochemicals on human health, and stringent government regulations. Fertilizer Additives market continues to gain momentum with the increase in demand for fertilizers due to increasing pressure on global food production and development in technologies of fertilizer production.
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Based on geography, the global Fertilizer Additives market is analyzed under various regions, namely North America, Europe, Asia-Pacific, and Rest of the World. The Fertilizer Additives market was dominated by Asia-Pacific, with the overall market share of over 40% globally. North America followed the Asia-pacific. The reason behind the growth in these regions is the high rate of adoption of new technologies in fertilizer production.
Important Market Players:
Some of the major companies dominating the Fertilizer Additives market, by their products and services include Clariant, KAO Corporation, Novochem Group, Amit Trading Ltd., Arrmaz, Filtra Catalysts & Chemicals Ltd., Chemipol, Forbon Technology, Michelman, Tolsa Group.
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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About the AuthorShiva
Joined: June 11th, 2019
Articles Posted: 88
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