Fertilizer Additives Market to 2035 - Scope and Research Methodology

 The global fertilizer additives market size was estimated at USD 3,729.39 million in 2023 and is projected to grow at a CAGR of 2.8% from 2024 to 2030. The market is driven by the growing demand for fertilizers. Shrinking arable land coupled with a rising global population has facilitated the adoption of practices that minimize waste and enhance agricultural productivity.

Fertilizer additives refer to chemicals that are added to fertilizers to improve their function or to make structural modifications. Changing agricultural practices and awareness regarding the quality & quantity of fertilizers are likely to fuel the utilization of additives in the coming years.

Recent Developments

•            Oct’22 - OCP Group agreed to buy 50% of Universal Feed SL by Fertinagro Biotech SL.

•            Jan’21 - Phospholutions, a Pennsylvania-based firm, has acquired USD 10.3 million through the form of Series A financing from venture capitalists.

•            April’20 - BASF has introduced a novel urease inhibitors called 'Limus Clear' that may be utilised with liquid fertiliser (UAN) to reduce nitrogen losses while ensuring optimal availability of nitrogen for your crop.

Read More - https://medium.com/@nikitastalwartresearchinsights/fertilizer-additives-market-to-2035-scope-and-research-methodology-bc1742092f99

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