Market Research Future (Food and Beverages) Fertilizer Additives Market: Global Industry | Page 3

Fertilizer Additives Market Research Report- Forecast to 2023
2 Market Overview
Due to the depletion of soil quality, use of fertilizer additives is being propelled to help farmers in increasing their
crop production. Moreover, shrinking arable land and growing demand for agricultural supplements such as fertilizer
additives for increasing crop productivity is encouraging farmers to use fertilizer additives. They have gained status
globally, as they help in increasing the quantity as well as the quality of crop produced. Moreover, rising demand for
agricultural additives for overall agricultural support is projected to drive the growth of the fertilizer additives market
over the forecast period, 2017-2023.
High nutritional benefits obtained from fertilizer additives are also supporting its sale across the globe. Additionally,
the enhancement of the product coupled with technological advancements is considered to be one of the significant
reasons for the increasing growth of the fertilizer additives market during the forecast period. However, adverse
environmental effects due to the increased use of chemical fertilizers for crop production may hamper the market
growth over the review period.
Segments
The global fertilizer additives market is segmented into type, form, and function.
On the basis of the type, it is segmented into ammonium nitrate, ammonium sulfate, mono-ammonium
phosphate, di-ammonium phosphate, triple superphosphate, urea, and others. Among all, the urea
fertilizer additives segment is dominating the market followed by ammonium sulfate owing to its low cost
and high use on agricultural crops.
On the basis of the form, it is segmented into powder, granular, prilled, and others. The powdered segment
is dominating the market. Ease of handling and storage has uplifted the demand for powdered form.
On the basis of the function, the fertilizer additives market is segmented into the anti-foaming agents, anti-
caking agents, corrosion inhibitors, hydrophobic agents, de-dusting agents, and others. Among all the
functions, the anti-caking segment is dominating the market due to its increased use in order to overcome
caking process during transportation and storage.
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