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Fertilizer Additive Industry Size, Share, Demand & Growth by 2033
The fertilizer additive market is estimated to be worth USD 1,167.62 million in 2023 and is projected to be valued at USD 1,761.88 million in 2033. Between 2023 and 2033, the industry is expected to register a growth rate of 4.20%.
The increasing use of fertilizer additives for crop production, the overall growth of agricultural production worldwide, and the overall growth of the agriculture industry worldwide contribute to the market’s development. The growing concern towards yield enhancement has led to various formulations of fertilizers that incorporate unique fertilizer additives to impart necessary properties as per climate, soil type, and crop type across regions. This trend and typical usage formats significantly push the global fertilizer additive market.
The environmental impact of traditional fertilizers, such as nutrient runoff and water pollution, has raised concerns. Fertilizer additives can help reduce these adverse environmental effects by optimizing nutrient release uptake and reducing nutrient loss. The growing environmental concern driving the market demand. Fertilizer additives can improve the efficiency of nutrient uptake by crops, reducing the amount of fertilizer required for the same yield. This not only saves costs for farmers but also reduces the environmental impact of excess fertilizer application.
Read Complete Report! https://www.futuremarketinsights.com/reports/fertilizer-additives-market
The growing awareness among consumers about the environmental and health impacts of agricultural practices. This awareness has pushed producers and policymakers to seek more sustainable and environmentally friendly solutions, expected to drive the growth of the fertilizer additive market during the forecast period. The growing shift towards sustainable and regenerative agricultural practices has also increased the demand for fertilizer additives.
Key Takeaways
• In 2022, the fertilizer additive market was valued at US$ 1,119.05 million.
• Based on product type, the anti-caking agent segment is expected to account for a share of 54.6% in 2023.
• Global fertilizer additive demand in China is predicted to account for a CAGR of 5.80% through 2033.
• Fertilizer additive in the United States is expected to account for a CAGR of 2.60% between 2023 and 2033.
• Japan is projected to expand by a value CAGR of 1.70% between 2023 and 2033.
• By 2033, the fertilizer additive market in India is anticipated to record a CAGR of 7.90% during the forecast period.
Fertilizer Additive Industry Size, Share, Demand & Growth by 2033 The fertilizer additive market is estimated to be worth USD 1,167.62 million in 2023 and is projected to be valued at USD 1,761.88 million in 2033. Between 2023 and 2033, the industry is expected to register a growth rate of 4.20%. The increasing use of fertilizer additives for crop production, the overall growth of agricultural production worldwide, and the overall growth of the agriculture industry worldwide contribute to the market’s development. The growing concern towards yield enhancement has led to various formulations of fertilizers that incorporate unique fertilizer additives to impart necessary properties as per climate, soil type, and crop type across regions. This trend and typical usage formats significantly push the global fertilizer additive market. The environmental impact of traditional fertilizers, such as nutrient runoff and water pollution, has raised concerns. Fertilizer additives can help reduce these adverse environmental effects by optimizing nutrient release uptake and reducing nutrient loss. The growing environmental concern driving the market demand. Fertilizer additives can improve the efficiency of nutrient uptake by crops, reducing the amount of fertilizer required for the same yield. This not only saves costs for farmers but also reduces the environmental impact of excess fertilizer application. Read Complete Report! https://www.futuremarketinsights.com/reports/fertilizer-additives-market The growing awareness among consumers about the environmental and health impacts of agricultural practices. This awareness has pushed producers and policymakers to seek more sustainable and environmentally friendly solutions, expected to drive the growth of the fertilizer additive market during the forecast period. The growing shift towards sustainable and regenerative agricultural practices has also increased the demand for fertilizer additives. Key Takeaways • In 2022, the fertilizer additive market was valued at US$ 1,119.05 million. • Based on product type, the anti-caking agent segment is expected to account for a share of 54.6% in 2023. • Global fertilizer additive demand in China is predicted to account for a CAGR of 5.80% through 2033. • Fertilizer additive in the United States is expected to account for a CAGR of 2.60% between 2023 and 2033. • Japan is projected to expand by a value CAGR of 1.70% between 2023 and 2033. • By 2033, the fertilizer additive market in India is anticipated to record a CAGR of 7.90% during the forecast period.WWW.FUTUREMARKETINSIGHTS.COMFertilizer Additives Market Size, Share & Forecast 2033 | FMIFertilizer Additives Market is expected to reach US$ 1,761.8 million, and is likely to surge at a CAGR of 4.2% during forecast period 2023 to 2033 | Data by FMI0 Comments 0 Shares 179 Views 0 ReviewsPlease log in to like, share and comment!
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