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NEWARK, Del, Sept. 29, 2022 (GLOBE NEWSWIRE) -- A recently published study by FMI expects the global fertilizer additives industry to augment at a 4.6% CAGR from 2022 to 2032. By the end of the said assessment period, a valuation of US$ 1,685.96 Million is expected for the market. Fertilizer additives are gaining huge traction owing to the expansion of agriculture industry across the globe. Moreover, properties of fertilizer additives that help in anticaking are making them essential.
From 2017 to 2021, the industry experienced noteworthy growth, registering a value CAGR of 4% and closing at US$ 1,028.01 Million. Technological advancement in the agriculture sector is contributing to the growth of fertilizer additives. In addition, government authorities of various countries are launching initiatives that help the agriculture industry to grow. This, in turn, is increasing the use of fertilizer additives.
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Potash and phosphate-based fertilizers work well for yield enhancement. They not only ensure growth of crops but also provide nutrition. This, in turn, is accelerating the growth of fertilizer additives in the agriculture industry. Therefore, with government initiatives and expansion of agriculture sector the fertilizer additive market is expected to surge in the assessment period 2022-2032.
Key Takeaways from the Market Study
"Growing use of fertilizer additives for crop production along with using them as anticaking agents is driving the growth of the same." states an FMI analyst.
Key players in the fertilizers additive market are Clariant AG, Arkema S.A, Dorf Ketal, ArrMaz, Timac Agro USA, Michelman, inc., Hubei Forbon Technology Co Ltd, Fertibon Products Pvt Ltd, Chemipol SA, Neelam Aqua & Speciality Chem (P) Ltd
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FMI, in its new offering, presents an unbiased analysis of the global fertilizer additives market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of Product Type (Anti-caking Agents, Dust Suppressors, Drying Agents, Granulation Agents, Others), by Application (N (Nitrogen), P2O5, K2O, Others), across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
About the Chemicals & Materials Domain at Future Market Insights
The chemical & materials domain team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.
Key Segments Profiled In The Fertilizer Additives Market Industry Survey
Fertilizer Additives by Product Type:
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1. Executive Summary 1.1. Market Overview 1.2. Market Analysis 1.3. Analysis and Recommendations 1.4. Wheel of Fortune
2. Market Introduction 2.1. Market Taxonomy 2.2. Market Definition 2.3. Parent Market Overview
3. Market Background 3.1. Macroeconomic Factors 3.2. Opportunity Analysis 3.3. Global Industry Value added 3.4. Value Chain Analysis 3.5. Global Market Regulations 3.6. Manufacturing Hubs 3.7. PESTLE Analysis 3.8. Market Dynamics 3.8.1. Driver 3.8.2. Restraint 3.8.3. Trends
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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