Press Release

Fertilizer Additives Market to Grow with a CAGR of 3.45% through 2028

Growing use of additives to optimize crop yields is expected to drive the United States Fertilizer Additives Market growth in the forecast period, 2024-2028.

 

According to TechSci Research report, “Fertilizer Additives Market – United States Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the United States Fertilizer Additives Market stood at USD 845.12 million in 2022 and is anticipated to grow with a CAGR of 4.12% in the forecast period, 2024-2028. The United States fertilizer additives market is experiencing remarkable growth, driven by a confluence of factors that are reshaping modern agriculture. Fertilizer additives, which are chemical compounds or materials added to fertilizers to enhance their performance, play a pivotal role in increasing crop yields, improving nutrient efficiency, and reducing environmental impact. With the world's population projected to reach 9 billion by 2050, there is an unprecedented demand for food production. Fertilizer additives are integral to modern agriculture, as they help maximize crop yields by ensuring that plants receive the necessary nutrients. To meet this surging demand for food, farmers are increasingly turning to fertilizer additives to optimize nutrient delivery, resulting in higher agricultural productivity.

Sustainable agriculture is a pressing United States concern. Farmers and policymakers alike recognize the importance of reducing the environmental footprint of farming practices. Fertilizer additives play a critical role in sustainable agriculture by reducing nutrient runoff and leaching, which can harm aquatic ecosystems and contaminate water sources. These additives improve nutrient retention in the soil, thereby promoting environmentally responsible farming. The agriculture industry is undergoing a technological revolution. Precision agriculture, powered by innovations such as GPS, remote sensing, and data analytics, has become mainstream. Fertilizer additives are a natural fit in precision agriculture, allowing for precise nutrient management tailored to specific soil and crop requirements. This technological integration is boosting the demand for fertilizer additives.

Fertilizer additives are valued for their ability to improve the efficiency of nutrient use. By enhancing nutrient absorption by plants, these additives reduce the overall amount of fertilizer required, which translates into cost savings for farmers. As agriculture becomes more data-driven and profit margins are scrutinized, the cost-effectiveness of fertilizer additives becomes a compelling factor.

 

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United States agriculture is diversifying beyond traditional crops. Specialty crops, fruits, and vegetables are gaining importance alongside staple crops like wheat and corn. These different crops often have unique nutrient requirements. Fertilizer additives offer flexibility in customizing nutrient formulations to cater to the specific needs of different crops, thereby expanding their market reach.

The United States Fertilizer Additives Market is segmented into Function, End Product, Regional Distribution, And Company.

Based on the Function, Anti-caking Agents emerged as the dominant segment in the United States market for United States Fertilizer Additives Market in 2022. Caked fertilizers are problematic as they may not disperse uniformly when applied to the soil. Uneven distribution of nutrients can lead to inconsistent crop growth and yield variations within fields. Inefficient nutrient release due to caking can also result in nutrient wastage and decreased agricultural productivity. Effective storage and transportation of fertilizers are crucial in the agriculture supply chain. Caking can lead to difficulties in handling and increased costs associated with breaking up the caked material, repackaging, and potential losses. Anti-caking agents are essential for maintaining the free-flowing quality of fertilizers during storage and transportation, reducing handling difficulties and operational expenses. Anti-caking agents are instrumental in helping fertilizer manufacturers meet these regulatory requirements by preventing excessive moisture absorption and caking.

Based on the End-product, the Urea segment emerged as the dominant player in the United States market for United States Fertilizer Additives Market in 2022. Urea is often favored for its cost-effectiveness. It provides a concentrated source of nitrogen, making it an economical option for many farmers seeking to boost crop yields without significantly increasing their fertilizer expenses. Urea can be used alone or in combination with other fertilizers, making it versatile and adaptable to various agricultural practices and soil types. Farmers can blend urea with phosphorus or potassium-based fertilizers to create custom nutrient formulations tailored to their specific crop and soil needs. Urea is available in various forms, including granules, prills, and solutions. This versatility in formulation allows for easy application through different methods, such as broadcasting, top-dressing, or incorporation into the soil.

Urea is prone to caking or clumping during storage and transportation due to its hygroscopic nature (ability to absorb moisture). To maintain its free-flowing quality, anti-caking agents are often added to urea-based fertilizers. This need for anti-caking agents creates a substantial demand for fertilizer additives in the urea market. Urea is produced on a large scale globally, ensuring its availability in most agricultural markets. Its wide distribution and accessibility contribute to its popularity among farmers.

Mid-West emerged as the dominant player in the United States Fertilizer Additives Market in 2022, holding the largest market share. The Mid-West has embraced modern agricultural practices and technology, including precision agriculture and data-driven farming. Fertilizer additives are integral to these advanced farming methods, enabling precise nutrient management and resource optimization. Concerns about nutrient runoff and water pollution have led to the implementation of environmental regulations in the United States. Fertilizer additives that minimize nutrient loss and improve nutrient efficiency are in high demand in this region to ensure compliance with these regulations.

The Mid-West boasts a strong and well-established farming community with a deep understanding of the benefits of fertilizer additives. Farmers in this region are receptive to adopting innovative agricultural inputs and practices to maximize crop productivity. The Mid-West plays a vital role in supplying food not only to the United States but also to international markets. To meet the growing global food demand, farmers in this region rely on efficient and effective fertilization, further driving the demand for fertilizer additives.

 

Major companies operating in United States Fertilizer Additives Market are:

  • KAO Corporation
  • Novochem Group
  • Clariant AG
  • Solvay AG
  • Filtra Catalysts & Chemicals Ltd
  • Arrmaz
  • Lignostar
  • Dorf Ketal
  • Corteva Agriscience
  • BASF SE

 

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 “The United States Fertilizer Additives Market is poised for substantial growth in the coming years, driven by a confluence of factors. Increasing awareness of the environmental impact of agriculture and the need for sustainable farming practices is propelling the demand for additives that enhance nutrient efficiency and reduce runoff. Moreover, the adoption of precision agriculture technologies and data-driven farming approaches is boosting the utilization of fertilizer additives for precise nutrient management. As the agricultural sector seeks to address the challenges posed by climate change, such as changing weather patterns and increased resource scarcity, the role of fertilizer additives in improving crop resilience and resource optimization becomes paramount.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

United States Fertilizer Additives Market Segmented By Function (Corrosion Inhibitors, Hydrophobic Agents, Anti-dusting Agents, Anti-caking Agent, Slow-Release Coatings, Others), By End-product (Urea, Ammonium Nitrate, Ammonium Phosphate, Ammonium Sulphate, Others) By Region and Competition, Opportunity, and Forecast, 2018-2028”, has evaluated the future growth potential of United States Fertilizer Additives Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United States Fertilizer Additives Market.

 

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