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Fertilizer Additives Market Competitive Landscape Analysis by 2024

Agriculture has been the backbone of several developing countries such as India and China. In fact, growth of the Indian economy can be attributed to the expansion of the agriculture sector and its related industries. The market size of agriculture and allied activities in India rose from USD 132.7 billion in the financial year 2014 to USD 259.2 in the financial year 2015. This tremendous growth was due to increased agricultural output. Rising use of fertilizers was one of the major reasons for this boom in output.

The Global Fertilizer Additives Market size is expected to reach USD 3.94 billion by 2024, according to a new report by Grand View Research, Inc., registering a 3.2% CAGR during the forecast period. A booming fertilizer industry is expected to have a positive impact on the fertilizer additives market growth.

Fertilizer Additives Market

Agriculture is an important sector in the French economy as well. Around 60.0% of the land in France is used for agriculture and related activities. It is one of the largest producers of cereals, oilseeds, milk, and sugar beets. The reform of Common Agricultural Policy was passed in France, which was aimed at maintaining environmental balance, while indulging in agricultural activities. In 2015, this country accounted for more than 18.0% of the European fertilizer additives market.

To Know More About Fertilizer Additives Market Please Visit Us @ https://www.grandviewresearch.com/press-release/global-fertilizer-additives-market

Top Players of Fertilizer Additives Market:

Some of the key companies present in the market are Clariant, KAO Corporation, Novochem Group, Filtra Catalysts & Chemicals Ltd., Solvay, Arrmaz, Liven Agrichem Pte Ltd., Forbon Technology, Michelman, Tolsa Group, ChemSol, LLC, and Amit Trading Ltd. 

Market Segment of Fertilizer Additives Market:

The Global Fertilizer Additives Market Segmented on the basis of end product, function, and region.

•    By End Product; Urea, Ammonium Nitrate, Ammonium Phosphate, Ammonium Sulfate and Others

•    By Function; Corrosion Inhibitors, Hydrophobic Agents, Anti-dusting Agents, Anti-caking Agent and Others

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