Fertilizer Additive Market To Reach $4,122.18 Million By 2030

Fertilizer Additive Market Growth & Trends

The global fertilizer additives market size is projected to reach USD 4,122.18 million by 2030 and is projected to grow at a CAGR of 2.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Decreasing per capita arable land and rising population density has resulted in increased demand for fertilizers in the agriculture sector, which in turn has boosted the growth.

The growing fertilizers industry and limited availability of farmland are the key drivers for the global market. However, harmful effects of fertilizers on environment along with lack of awareness & availability of the product in underdeveloped economies is expected to have a negative impact on the industry.

The Asia Pacific was the largest fertilizer additive market in 2018 and accounted for 53.1% of the volume share. The robust growth of the agriculture sector in this region is one of the main factor driving the industry. In countries like India and China, the population explosion has significantly impacted the agriculture sector.

China is one of the developed countries in the Asia Pacific region with a constantly growing agricultural sector and advancements in terms of innovations and new technology development. Due to the population explosion, the amount of arable land in China has reduced severely over the past two decades. This factor has increased the demand for fertilizers, resulting in the growth of the additives market.

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Fertilizer Additive Market Report Highlights

• Based on function, the anti-caking segment led the market in terms of revenue share in 2023. Anti-caking, anti-dusting, corrosion inhibitors, and anti-coating are the primary functions of the product.

• Based on end-product, the urea segment accounted for the largest revenue share in 2023. Urea, a nitrogenous fertilizer, is widely available and easily synthesized, making it a popular choice among farmers.

• Asia Pacific dominated the fertilizer additives market with the revenue share of 60.05% in 2023.

Fertilizer Additive Market Segmentation

Grand View Research has segmented the global fertilizer additive market on the basis of function, end-product, and region:

Fertilizer Additive Function Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Corrosion Inhibitors

• Hydrophobic Agents

• Anti-dusting Agents

• Anti-caking Agent

• Slow-Release Coatings

  • Urea

  • Ammonium Nitrate

  • Ammonium Phosphate

  • Others

• Others

Fertilizer Additive End-Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Urea

• Ammonium Nitrate

• Ammonium Phosphate

• Ammonium Sulphate

• Others

Fertilizer Additive Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Central & South America

  • Brazil

  • Argentina

• Middle East and Africa

  • Saudi Arabia

  • South Africa

List of Key Players of Fertilizer Additive Market

• Clariant AG

• KAO Corporation

• Dorf Ketal Chemicals (I) Pvt. Ltd.

• Solvay S.A.

• ArrMaz

• Chemipol S.A.

• Cameron Chemicals

• Michelman Inc.

• Tolsa SA

• ChemSol, LLC