Fertilizer additives are agents being used to enhance the strength of fertilizers. Fertilizers are instrumental in agrarian economies such as China and India to grow crops. These additives ensure a good agricultural output while preventing corrosion. Companies are producing agricultural biostimulants or additives derived from organic ingredients to promote sustainable farming practices.
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Prevention of Damage to Crops
Types of fertilizer additives according to function are corrosion inhibitors, hydrophobic agents, anti-caking agents, and anti-dusting agents.
The anti-caking agents segment is anticipated to exhibit a strong growth rate to prevent formation of lumps on fertilizers. Integration of anti-caking agents during the production lifecycle of fertilizers can ensure smooth transportation and easy consumption. The Ferticot range of fertilizers by Noor Industrial & Commercial Group are designed to be used in urea, diammonium phosphate (DAP), and nitrogen phosphate potassium (NPK) fertilizers.
The anti-dusting agents segment is expected to command a strong demand due to these of additives to preserve fertilizers from accumulating dust during storage and transport. Miracema-Nuodex Chemical Industry Ltd., a prominent Brazilian company, has created anti-dusting additives to cater to granulated fertilizers. In addition, patents filed by companies to create additives from biostimulants are expected to drive segment demand.
Market Outlook
The global fertilizer additives market size is projected to expand from 2017 to 2022 (forecast period), according to a report on Radiant Insights, Inc. It is expected to exhibit a 2.68% CAGR from 2018 to 2022. Growing demand for fertilizers is expected to be the primary driver of the market. Use of fertilizers by farmers to spur the growth of crops and plants is anticipated to bolster market growth during the forecast period. Shrinkage of arable land, population boom, and increasing demand for food are other driving factors of the market. Key market players include Chemipol S.A.; Solvay S.A.; ArrMaz Custom Chemicals, Inc.; and Clariant.
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