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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