According to a recent study by Fact.MR, a research and consulting firm, the fertilizer additives market is estimated to witness moderate growth during the 2018-2028 period owing to the decrease in the average arable land and growing demand for food and agricultural produce. While technological innovations and modern-day advancements are helping manufacturers to develop fertilizer additives that enhance fertilizer performance significantly and increase the average crop yield.
The key findings of Fact.MR’s report ‘Fertilizer Additives Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018-2028’ include:
- Anti-caking agents continue to remain a vital revenue pocket for fertilizer additives manufacturers
- Burgeoning demand for nitrogen-based fertilizers to uphold fertilizer additives market growth
- Growing environmental concerns to bolster sales of dust suppressants
To find out more or to read the report in full, please click here.
Read the article online at: https://www.worldfertilizer.com/special-reports/17052019/new-study-predicts-anti-caking-agents-will-remain-a-vital-revenue-pocket-for-fertilizer-additives-manufacturers/
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Worldwide demand for fertilizer additives accounts for a market valuation of US$ 3.34 billion in 2023 and is forecasted to reach US$ 4.7 billion by 2033-end. Over the next ten years, the global fertilizer additives market is projected to rise at 3.4% CAGR.