Ammonium Sulfate Market Hit USD 3.79 billion by 2025: Grand View Research, Inc.

19-Aug-2019: The global ammonium sulfate market size is expected to reach USD 3.79 billion by 2025 expanding at a CAGR of 4.9%, according to a new report by Grand View Research, Inc. Rising usage of nitrogen-based fertilizers to increase the crop yield is expected to drive the market growth over the forecast period. Need for nutrients, such as nitrogen and sulfur, is also expected to drive the market in the years to come. Ammonium sulfate is widely used for food additive application. It is used as an inorganic salt in food industry. Ammonium sulfate has a slightly salty taste with no aroma and is commonly used due to its high solubility characteristics. Thus, high demand for food additives is also expected to benefit the market growth.

Traditionally ammonium sulfate was produced by neutralization process; however, there are several methods of extracting ammonium sulfate, such as caprolactam, gypsum, coke oven, and others. The Asia Pacific region led the global market in the past and is anticipated to continue its dominance over the forecast period. China is expected to remain a major consumer in the regional market owing to the availability of product at low cost and advancements in agricultural techniques. Furthermore, growing food & beverages industry is boosting the demand for ammonium sulfate as a food additive, thereby driving the overall market.

 In depth research report on Ammonium Sulfate Market

https://www.grandviewresearch.com/industry-analysis/ammonium-sulfate-market

Further key findings from the study suggest:

·       In terms of revenue, the solid ammonium sulfate product segment is expected to register the highest CAGR of 5.0% over the forecast period

·       Fertilizers application led the global ammonium sulfate market with a share of over 91.6% in 2018

·       North America has emerged as a promising region on account of stringent environmental regulations and increasing sulfur-deficient soils

·       Some of the key companies in the market are BASF SE; Domo Chemicals GmbH; Honeywell International, Inc.; and SABIC

·       These companies focus on R&D to develop new product applications in biochemistry and for producing ammonium salts

Grand View Research has segmented the global ammonium sulfate market on the basis of product, application, and region:

Ammonium Sulfate Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·       Liquid

·       Solid

Ammonium Sulfate Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·       Fertilizers

·       Industrial

·       food additives

·       Others

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About Grand View Research

Grand View Research, Inc. is the U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Growing Requirement for High Crop Yield can Propel Demand of Crop Protection Chemicals

According to a report by Grand View Research, Inc., global crop protection chemicals market is anticipated to value USD 90.09 billion by 2022. Growing requirement for high crop yield to fulfill rising demand from emerging economies attributed to rising population can propel demand for crop protection chemicals.

High investments from leading manufacturers to produce crop specific green protection chemicals can influence growth of market. Continual initiatives from manufacturers to produce bio-based chemicals from innovative sources such as animals, bacteria, and plants can fuel market growth during the forecast period (2012 to 2022).

Research and development activities in agricultural field to produce commercial seeds demanding less use of crop protection chemicals can restrict growth of market over the forecast period.

The crop protection chemicals market can be segregated on the basis of product, application, and region. Based on product, the market can be categorized into fungicides, insecticides, herbicides, and others. High demand for herbicides in Asia Pacific was USD 2.51 billion in 2016. It is expected to grow at CAGR of 6.6% during the forecast period. Rising production of cereals and grains attributed to adoption of superior farming techniques can fuel growth.

Similarly, insecticides accounted for 20.7% of market share in Europe in 2016. It is likely to grow at CAGR of 6.1% during the forecast period. In addition, stringent government regulations imposed by European Union (EU) regarding use of harmful chemicals for agricultural applications can hamper growth of market.

Based on application, the market can be classified into cereals, maize, fruits & vegetables, cotton, rice, and others. Fruits and vegetables segment is expected to contribute to market growth at CAGR of 7% over the forecast period. High demand for crop protection chemicals from food processing sector can influence market growth. In addition, changing consumer dietary habits are likely to surge demand for healthy and good quality fruits and vegetables. This in turn can influence growth of market in next few years.

On the contrary, rice contributed for market share of USD 5.37 billion in 2016 attributed to high demand for rice as primary food in countries such as India, Japan, China, and South Korea. China was the largest rice producer followed by India in 2016, making it largest consumer for rice protection elements in that year.

Regional segmentation includes North America, Europe, Asia Pacific, and rest of the world. In 2016, Europe dominated the market and accounted for market share equivalent to USD 8.08 billion. High demand for herbicides in the region to combat weed and get quality yield of vegetables and fruits can fuel market growth. In addition, growing adoption of product to wipe out unwanted plant species in undesirable places can augment growth of market in the region.

In Asia Pacific, the market accounted for significant growth over the forecast period. High production of agricultural products such as maize, cotton, and rice in the region can influence demand for crop protection chemicals. In addition, rising production of various types of tropical and subtropical fruits can fuel growth of market in this region.

In North America, the market is estimated to grow well over the forecast period. Frequently changing climatic conditions in the region are likely to support production of wide range of crops. This, in turn, can fuel growth of market in this region. In addition, United States being key producer of cotton, soybean, and rice is likely to surge demand for high quantities of crop protection chemicals over next few years.

Some of the leading companies offering crop protection chemicals are Natural Industries, Dow AgroSciences, Marrone Bio Innovations, BASF SE, and Nufarm Ltd. The market expected to be highly competitive in nature attributed to presence of numerous manufacturers globally. Most of them are likely to undergo acquisitions and mergers to expand their product portfolio and consumer base. Strong foothold of existing market players is likely to obstruct growth of new players. In addition, most players are predicted to compete on basis of pricing and geographical reach. Business strategies such as widespread dealership and expansion in local markets can support market players in gaining traction among consumers.

In-Depth Research Report On Crop Protection Chemicals Market:

https://www.grandviewresearch.com/industry-analysis/crop-protection-chemicals-market

Biostimulants: Eco-Friendly Nature as well as Better Performance

According to a report published by Grand View Research, Inc.; the biostimulants market is expected to reach a valuation of around USD 4.14 billion by 2025.

Increasing focus on improving productivity using sustainable method along with rapid soil degradation are the major factors can drive the market during the forecast period (2014 to 2025).

Growing trend of organic farming is also expected to boost the product demand in the coming years. Biostimulants are gaining popularity as an essential constituent in sustainable agricultural practices. Increasing cases of environmental hazards and soil pollution due to extreme use of chemical-based products on crops have been a major issue. Biostimulants are considered as an effective alternative to chemical-based agricultural products and are progressively replacing chemical-based product due to their eco-friendly nature as well as better performance.

However, development of biofertilizers is likely to pose a substitution threat in the years to come.

Worldwide biostimulants market can be segmented on the basis of active ingredient, crop type, application, and region.

Based on active ingredient, the market can be classified into acid based, seaweed extracts, microbial, and others.

In 2016, The acid-based segment estimated as the major segment. The segment include product based on fulvic, amino acids, and humic. Amino acids are among crucial originators of phytohormones and help in stimulating the metabolic systems of plants and seed germination. They initiate fruit setting, pollination, flowering, and fruit development in the plant. Humic substances are naturally obtained from decomposition of microorganisms such as fungi and bacteria, and chemical degradation of animal and plants residues in soils.

The seaweed extracts segment is likely to display significant growth during the forecast period. They consist of plant growth substances like auxins, gibberellins carbohydrates, cytokinins and numerous nutritive metal essentials including iron, nitrogen, aluminum, potassium, and manganese.

As per crop type, the market can be split into row crops and cereals, fruits and vegetables, turf and ornamentals, and others. In 2016, the row crops and cereals segment reported as the leading segment and anticipated to follow same trend during the forecast period. This segment includes soybeans, corn, oats, barley, cotton, and millets. These crops are grown widely across the globe in large areas and offer lucrative growth opportunities for the industry. In addition, increasing demand for organic cereals is likely to support the segment growth.

On the basis of application, the market can be bifurcated into foliar, seed, and soil. In 2016, foliar segment dominated the market and is projected to expand at highest revenue-based CAGR of 12.3% during the forecast period. North America holds the major portion of this segment owing to its high adoption in agriculture sector as it offers high-performance. Asia Pacific is also expected to create lucrative opportunities for this segment due to growing adoption of sustainable farming approaches in this region.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. Europe is the leading market in terms of the revenue and likely to dominate the market during the forecast period. Supportive rule pertaining to adoption of organic farming is expected to increase product demand in this region. However, slow growth of agriculture segment in Western Europe is likely to restrain the market.

Asia Pacific is expected to display significant growth during the forecast period due to existence of several agriculture-driven countries such as China, India, and Australia. Countries in this region are extremely different in terms of food consumption habits, disposable income, and spending capacities. The agriculture sector in the region is perceiving stable growth and the residents are mainly reliant on farming business. This is likely to show lucrative gains in this region.

Prominent companies operating in the market include Italpollina SAP; Platform Specialty Products Corporation; Koppert B.V.; Biostadt India Limited; and Sapec Agro S.A.

Currently, the market is in its developing phase and new participants as well as established players are likely to get several opportunities in the emerging countries, specifically in Asia Pacific.

In-Depth Research Report On Biostimulants Market:

https://www.grandviewresearch.com/industry-analysis/biostimulants-market

Phosphate Fertilizers: to Boost Crop Yield and Soil Fertility

30-October-2018: Based on a report published by Grand View Research, Inc.; the global phosphate fertilizers market is anticipated to attain around USD 78.06 billion by 2025. Growing requirement for diverse food products attributed to rising population is anticipated to drive the global market over the forecast period (2018 to 2025). Phosphate offered by these fertilizers can help the plants absorb sufficient amount of energy from the sun and convert it into useful components.

High demand for agricultural fertilizers to boost crop yield and soil fertility is likely to stimulate growth of the market for phosphate fertilizers. Limited availability of arable land and growing awareness regarding the advantages of phosphate fertilizers can further augment market expansion. Favorable government initiatives to promote fertilizers offering naturally occurring nutrients such as nitrogen and phosphorus can positively influence market development during the forecast period.

The worldwide phosphate fertilizers market can be segregated on the basis of product, application, and region. Based on product, the market can be categorized into Diammonium Phosphate (DAP), superphosphate, Monoammonium Phosphate (MAP), and others. In 2016, the DAP fertilizers accounted for market share equivalent to USD 15.5 billion. These fertilizers are expected to witness significant growth in demand during the forecast period as they are the key source of phosphorus and nitrogen. These fertilizers can be used in wide range of crops such as sowing pastures, cereals, fodder crops, sugarcane, dairy pastures, and horticultural crops and are likely to be a cost-effective source of nitrogen for crops.

In 2016, the MAP fertilizers segment accounted for market share equivalent to USD 10.3 billion. The segment is predicted to grow at phenomenal CAGR of around 4.7% from 2017 to 2025. These fertilizers are water-soluble in nature and can be used as a good source of phosphorus and nitrogen for crops and plants. In addition, the high purity level of MAP fertilizers can make it ideal for foliar and fertigation applications. All these factors are anticipated to contribute to the overall market growth in the forthcoming years.

Based on application, the market for phosphate fertilizers can be classified into oilseeds, cereals and grains, fruits and vegetables, and others. In 2016, the cereals and grains segment dominated the market and accounted for largest market share. It is likely to grow at CAGR of nearly 4.6% from 2017 to 2025. High demand for cereals and grains is attributed to rising population and demand for food in countries like China and India. Farmers and gardeners are expected to add phosphate fertilizers to soil to increase the ability of crops and plants to absorb natural phosphorus present in the soil. The ability of fertilizers to maintain the richness of soil nutrients for healthy plant development can impel the demand in near future.  

Regional segmentation includes North America, Europe, Asia Pacific, Central and South America, and Middle East and Africa. In 2016, Asia Pacific dominated the market and accounted for around 59.1% of market share. It is estimated to grow at a CAGR of nearly 5.5% through to 2025. High demand for diversified food attributed to rising population in countries such as India and China are expected to boost demand for phosphate fertilizers during the forecast period. India is predicted to be the second largest consumer and importer of diammonium phosphate (DAP) fertilizers.

In Central and South America, countries such as Brazil followed by Argentina, Chile, and Columbia dominated the phosphate fertilizers market in 2016. Changing dietary patterns coupled with increasing population are likely to fuel demand for various food products in the region. This, in turn, is expected to influence overall market growth during the forecast period.

Some of the leading companies operating in the market for phosphate fertilizers are Diammonium Phosphate, Israel Chemicals Limited, Coromandel International Limited, The Mosaic Company, and EuroChem Group AG. Most companies are expected to adopt advanced production technologies to offer quality food products to match the improving standard of living. In addition, most companies are expected to manufacture products using phosphate additives for wide range of food applications.

In-Depth Research Report On Phosphate Fertilizers Market:

https://www.grandviewresearch.com/industry-analysis/phosphate-fertilizers-market

Utilization in Fertilizers & Refrigeration to Expand Ammonia Market

26-September-2018: According to a report by Grand View Research, Inc., the worldwide ammonia market is likely to attain USD 76.64 billion by 2025. Ammonia is a compound composed of nitrogen and hydrogen. Its products can be available in the form of liquid, solid, and powder. It can be used in fertilizers, textiles, pharmaceuticals, refrigerants, and others.

In December 2017, Orica Limited. Australia declared the news about its launch of new fertilizer business as well as manufacturing plant for urea ammonium nitrate (UAN) in NSW. The company also planning to supply anhydrous ammonia to farmers from east coast in April 2018. Construction of plant is likely to get completed in 2018, but farmers will get the transported UNN immediately.

On February 7, 2018, CF Industries Holdings, Inc. publicized that its solely maintained subsidiary Terra Nitrogen GP Inc. (TNGP) will purchase all the publicly operated units of Terra Nitrogen Company, L.P. (TNCLP). The deal is expected to be finalized on 2nd April 2018, in harmony with the terms of TNCLP’s partnership agreement.

In January 2018, Japanese manufacturer Mayekawa introduced an ammonia/CO2 compact Cooling system called the Sierra-A at the AHR Expo in Chicago. The system can be utilized for dock cooling at industrial plants, HVAC, process cooling, and data centers. The system consists of 7.8 lbs of ammonia for supporting a capacity of 8.2 TR at 20°F and the CO2 supply temperature range is 5°F to 41°F.

Increasing usage of the product for manufacturing fertilizers as well as household and industrial cleaning application can drive ammonia market during the forecast period (2014 to 2025). In addition, utilization of the product in food and beverage processing, water and wastewater treatment, metallurgical processes, rubber, leather, and pulp and paper can boost market growth.

In 2016, Asia Pacific reported as the largest producer and consumer. China is chief manufacturer in the region followed by India and Indonesia.

Some of the top companies operating in the market include CF Industries Holdings, Inc.; BASF SE; Huaqiang Chem Group; Rashtriya Chemicals & Fertilizers Ltd.; and China National Petroleum Corporation.

In-Depth Research Report On Ammonia Market:

https://www.grandviewresearch.com/industry-analysis/ammonia-market

Rising Adoption of Organic Farming to Fuel Wood Vinegar Market

25-September-2018: According to Grand View Research, Inc., the worldwide wood vinegar market is predicted to achieve USD 6.6 million by 2025. Wood vinegar is naturally extracted from woods using several techniques such as slow pyrolysis, fast pyrolysis, and intermediate pyrolysis. It comprises wide range of applications including animal feed, agriculture, food, medical, and consumer products, and others.

On October 25, 2017, Sarson’s, UK based vinegar company introduced a new vinegar called Extra Strong 1794. The product can be used in food and is made in big wooden vats that is made from pine and oak tree.

In January 2017, Pyrotech Energy Pty Ltd, an Australian based energy firm team up with Nettenergy BV, Dutch company to take an advantage of its Pyroflash Technology. The technology aids in converting waste biomass into biochemicals and liquid fuels. The technology can be used to produce products including wood vinegar, biochar, wood gas, and pyrolysis oil.

Recently, The Center for Science and Technology Information (CESTI), Vietnam declared the effective making of wood vinegar. The product was established by BIFFA, a fertilizer firm and Tropical Agricultural Research and Consultancy Center (TARCC). The product can be used in organic farming as a medical herb.

Tagrow Co., Ltd has developed a wood vinegar made up with sap extracted from specific trees. It can be mixed with pesticides and acidic fertilizers. The product can be utilized to increase crop resistance, increase the chlorophyll level of the plants, and preventing bacterial and fungal infection, and others.

Growing adoption of organic farming methods for better crop yields due to support from various governments, rising demand for nontoxic, and biodegradable pesticides, and natural animal feed can propel wood vinegar market over the forecast period (2014 to 2025).

Asia Pacific is one of the largest markets in terms of the revenue and expected to continue during the forecast period (2014 to 2025) due to rapid expansion of organic farming.

Some of the leading companies operating in the market include Nettenergy B.V., Wood Vinegar Australia, VerdiLife LLC, Applied Gaia Corporation, and Taiko Pharmaceutical Co.

In-Depth Research Report On Wood Vinegar Market:

https://www.grandviewresearch.com/industry-analysis/wood-vinegar-market

Biofertilizers Market is Projected to Reach USD 1.65 billion by 2022 : Grand View Research, Inc.

6 September 2018: Global biofertilizers market is expected to reach USD 1.65 billion by 2022, according to a new study by Grand View Research, Inc. The industry is expected to witness significant gains over the next seven years owing to rising need for feasible eco-friendly solution for plant and soil growth.

Emergence as drop in replacements for chemical fertilizers on account of environment friendly properties and similar applications is expected to promote growth. Stringent regulations coupled with government initiatives supporting biofertilizers use is a primary reason for perpetuating growth over the past few years.

Favorable government support for use of eco-friendly products and increasing production output of organic foods is expected to augment market growth in North America and Europe over the forecast period.

Fluctuating chemical prices coupled with commercial response to growing food cost is expected to be one of the key drivers for the market over the next seven years. Growing need for high agricultural yield in order to meet increasing population needs has triggered products use on account of low environmental impact. 

In depth research report on Biofertilizers Market

http://www.grandviewresearch.com/industry-analysis/biofertilizers-industry

Further key findings from the study suggest:

·       Phosphate solubilizing biofertilizers market is expected to grow at the fastest CAGR of 13.9% from 2015 to 2022. These include bacillus, pseudomonas and aspergillums bacteria which provide phosphorous macronutrients to plants. Soluble bacteria in the product impart superior characteristics and are the key reason for high growth expectation over the forecast period.

·       Soil treatment accounted for over 30.0% of global market revenue in 2014 and is expected to grow at a CAGR of 13.0% from 2015 to 2022. Rising awareness towards deployment of eco-friendly products for increasing crop yield is expected to augment product demand.

·       North America biofertilizers market was the largest in terms of revenue accounting for over 32.0% in 2014 on account of numerous manufacturers in the region. Positive agriculture industry outlook in the U.S. and Canada along with increasing awareness regarding the application of eco-friendly products in farming is expected to have favorable impact for biofertilizers market.

·       Some of the key biofertilizer manufacturers include CBF China Bio-fertilizer AG, Novozymes A/S, Antibiotice S.A, AgriLife, and Symborg S.L. In January 2011, CBF China Bio-fertilizer built a new production line in the Shandong plant with an additional capacity of 10,000 tons. Novozymes’ new enzyme technology is known to produce high yields of corn oil and ethanol along with energy savings during production.

Grand View Research has segmented the global biofertilizers market on the basis of product, application and region:

Biofertilizers Product Outlook (Revenue, USD Million, 2012 - 2022)

·       Nitrogen fixing

·       Phosphate solubilizing

·       Others

Biofertilizers Application Outlook (Revenue, USD Million, 2012 - 2022)

·       Seed Treatment

·       Soil Treatment

Browse more research reports of this category:

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Rising Demand for Rodent Control is the Major Factors of Driving Rodenticides Market Growth

The global rodenticides market size is anticipated to reach USD 993.4 million by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 3.3% during the forecast period. Increased prevalence of rodent-related diseases and rising demand for rodent control are likely to be major factors driving market growth.

 Increasing urbanization, coupled with demand to maintain high hygiene standards in the business, public, and residential sectors, is expected to augment demand. Over 54.0% of the world’s total population resides in urban areas, which is likely to register an increase of 66.0% by 2025, according to the United Nations (UN). Increasing population and rising consciousness regarding healthy environment are likely to augment demand for rodenticides over the coming years.

Stringent government policies regarding active ingredients used in production of rodenticides is predicted to be a major limiting factor over the forecast period. For instance, in Canada, only zinc phosphide and strychnine are registered for use as rodenticides. Natural rodenticides use non-toxic and food grade ingredients approved by the EPA.

Rodenticide manufacturers are continuously engaged in research and development of active ingredients for production of superior quality products that provide higher efficiency. Companies lay high emphasis on increasing their regional presence in order to tap unexplored markets.

The report “Rodenticides Market Size, Share & Trends Analysis Report By Mode of Application (Pellets, Blocks, Powder & Spray), By Product, By End Use (Pest Control Companies, Household, Agriculture), And Segment Forecasts, 2018 - 2025” is available now to Grand View Research customers and can also be purchased directly from

 In depth research report on Rodenticides Market

https://www.grandviewresearch.com/industry-analysis/rodenticides-market

Further key findings from the report suggest:

·       By product, the non-anticoagulant segment is likely to register the highest CAGR of 4.0% from 2017 to 2025 due to higher efficiency in destroying rodents in comparison to anticoagulants

·       The powder and spray mode of application is expected to register a sluggish CAGR of 2.5% from 2017 to 2025. Use of such modes spreads particles into the air when used in ventilation, which, in turn, could harm pets and humans

·       By end use, the agriculture segment is projected to register a CAGR of 3.9% from 2017 to 2025. Increase in damage to grains, farm equipment, and crop by rodents is likely to drive segment growth over the forecast period

·       Demand for rodenticides in China is anticipated to signify a CAGR of 6.6% over the coming years. Acute rodenticides have been used in the country for many years and play a vital role in controlling rodent population

·       Central and South America is estimated to register a CAGR of 3.7% from 2017 to 2025. Rising rodent population in the region is a limiting factor for development or introduction of some crops, which is likely to propel demand for rodent control products in the coming years

·       Manufacturers are engaged in various acquisitions and new product developments to gain prominence in the market. For instance, Rentokil Initial plc acquired Vector Disease Acquisition, LLC in November 2017 to expand its presence in North America.

Grand View Research has segmented the global rodenticides market on the basis of product, mode of application, end use, and region:

Rodenticides Product Outlook (Revenue, USD Million, 2014 - 2025)

·       Anticoagulant

·       Non-anticoagulant

Rodenticides Mode of Application Outlook (Revenue, USD Million, 2014 - 2025)

·       Pellets

·       Block

·       Powder & spray

Rodenticides End-use Outlook (Revenue, USD Million, 2014 - 2025)

·       Agriculture

·       Pest control companies

·       Warehouses

·       Urban centers

·       Household

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Fertilizer Additives Market Is Projected to Reach USD 3.94 billion by 2024 : Grand View Research, inc.

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.

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.

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.

 In depth research report on Fertilizer Additives Market

https://www.grandviewresearch.com/industry-analysis/fertilizer-additives-market

Further key findings from the report suggest:

·       In terms of revenue, the anti-caking agent function is anticipated to reach USD 1,510.5 million by 2024

·       In terms of revenue, the anti-dusting agents segment is projected to expand at a CAGR of 3.3% over the forecast period

·       By end product, urea dominated the global fertilizer additives market with a share of 55.6% in 2015

·       The North America fertilizer additives market is anticipated to exceed USD 552.0 million by 2024

·       Asia Pacific is projected to witness a CAGR of 3.5% over the forecast period, owing to rapid developments in the agriculture sector

·       Market players adopt strategies such as mergers and acquisitions, expansions, new product developments, joint ventures, and collaborations in order to increase their market share

·       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.                                                                                                                 

Grand View Research has segmented the global fertilizer additives market on the basis of end product, function, and region:

Fertilizer Additives End Product Outlook (Revenue, USD Million, 2013 - 2024)

·       Urea

·       Ammonium Nitrate

·       Ammonium Phosphate

·       Ammonium Sulfate

·       Others

Fertilizer Additives Function Outlook (Revenue, USD Million, 2013 - 2024)

·       Corrosion Inhibitors

·       Hydrophobic Agents

·       Anti-dusting Agents

·       Anti-caking Agent

·       Others

Browse more research reports of this category:

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/