Fertilizer Additives Market Size, Share, Growth Analysis, By Type(Urease Inhibitors, and Ammonium Stabilizers), By Application(Nitrogen-Based Fertilizers, and Phosphorous-Based Fertilizers), By Region - Industry Forecast 2024-2031

Global Fertilizer Additives Market size was valued at USD 6.20 billion in 2022 and is poised to grow from USD 6.53 billion in 2023 to USD 9.87 billion by 2031, growing at a CAGR of 5.30% during the forecast period (2024-2031).

The fertilizer industry is experiencing strong growth, driven by factors such as population growth and a decrease in per capita arable land. This increasing demand is further boosted by the product's ability to prevent the loss of essential nutrients like phosphorus, sulfur, potassium, and nitrogen, thus supporting its growth in the foreseeable future. Additionally, fertilizer additives play a crucial role in preventing caking, corrosion, moisture, and lump formation during transportation, storage, and humid climatic conditions. In North America, particularly the United States, the agricultural sector has witnessed a resurgence, leading to a rising demand for fertilizer additives. Anti-caking agents are commonly used in the United States due to temperature variations during storage. Additives are instrumental in enhancing the nutritional value of fertilizers by reducing losses of nitrogen, potassium, sulfur, and phosphorus ions caused by processes like immobilization, denitrification, leaching, and volatilization. Among these additives, nitrogen-based products are especially important as nitrogen is a vital component for plant growth. By combining these additives with readily available or water-soluble fertilizers, the longevity of nitrogen ions in the soil is increased. These additives are typically incorporated shortly before applying the fertilizer to the soil or during the manufacturing process. The demand for fertilizer additives is closely tied to fertilizer consumption in the agrochemical market. To ensure the future growth of fertilizer additives, it is essential to establish global agricultural standards and promote innovative farming practices, particularly in economically disadvantaged regions like Africa, India, and Latin America. The empirical evidence on agricultural output clearly indicates that the increasing demand for food will drive the production of food, consequently creating a demand for fertilizer additives across the industry.

US Fertilizer Additives Market is poised to grow at a sustainable CAGR for the next forecast year.