Asia Pacific Fertilizer Additive Market : By Function, Application and Form with Forecast to 2027
The Asia Pacific Fertilizer Additive Market in was valued at US$ 1,334.2 million in 2018 and is projected to reach US$ 1,597.1 million by 2027; it is expected to grow at a CAGR of 2.0% from 2019 to 2027.
Fertilizer additives are the substances that are added to fertilizers to enhance their efficiency by controlling the release of necessary nutrients by the fertilizers that are required for crop growth. These
component slow down the release into soil where environment and biologicals have impact. Fertilizer additives also inhibits biological activity which can impact the nitrogen cyclein the soil. For instance, nitrogen fertilizer additives are added to a water-soluble or readily available fertilizer to extend the time for which nitrogen remains in soil in a particular form. The loss of nutrients from the soil due to soil erosion, mono-cropping, continuous cropping, and other factors has led to the rise in demand for fertilizer additives.
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These compounds can also be used for improving the shelf life of fertilizers during storage by preventing lump formation and caking, which can degrade their quality. The use of fertilizers is one of the oldest methods of improvising agriculture processes. Modern chemical fertilizers contain three essential elements—nitrogen, potassium, and phosphorus (NPK). Apart from these, fertilizers also provide other nutrients such as sulphur, calcium, zinc, boron, copper, iron, and magnesium.
The APAC fertilizer additive market, based on function, has been segmented into dust control agent, anti-caking agent, anti-foam agents, granulation aids, corrosion inhibitors, hydrophobing agents, and others. The anti-caking agent segment accounted for the largest share of the fertilizer additive market in Asia Pacific in 2018. Their ability to prevent lump formation makes the transportation, consumption, and packaging of the fertilizers easy. Further, the dust control agent segment is expected to register exceptional CAGR during the forecast period.
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Last Update : Aug 11, 2020
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