Fertilizer Additives Market: Manufacturers Look to Reap Benefit from Used-Alkaline Batteries
According to a recently published Fact.MR study, the fertilizer additives market is estimated to witness moderate growth during the 2018-2028 period owing to the decrease in the average arable land and growing demand for food and agricultural produce.
[UKPRwire, Tue Jul 16 2019] According to a recently published Fact.MR study, the fertilizer additives market is estimated to witness moderate growth during the 2018-2028 period owing to the decrease in the average arable land and growing demand for food and agricultural produce. Technological innovations and modern-day advancements are helping manufacturers develop fertilizer additives that enhance fertilizer performance significantly and increase the average crop yield. Nitrogen is one of the most extensively applied fertilizer for agronomic crop production—urea and urea ammonium nitrate fertilizers being the most prevalently used fertilizers owing to its low price. Lessening fertilizer nitrogen movement from agriculture fields into the surrounding landscape offers both agronomic and environmental benefits. Unprecedented demand for nitrogen fertilizers harbingers a sanguine picture for the pertinent manufacturers in fertilizer additives market.
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Environmental conditions such as temperature and humidity has had repercussions on the stored fertilizers, wherein dust formation occurs over prolonged storage periods hampering plants’ adsorption efficiency. Ergo, manufacturers have introduced additives such as long chain amine molecules as anti-caking agents to inhibit dust and cake formation in the course of storage. Several studies have deduced that amine additives can be instrumental as a coating material to derail dust and cake formation, such as the use of lauryl amine to lessen caking of ammonium perchlorate.
Fertilizers are not aloof from technological advancements as the latter persists to sway the fertilizer additives market as manufacturers put focus on the development of new and cost-effective techniques for the production of fertilizer additives. As such, reaping benefit from used-alkaline batteries for the manufacturing of fertilizer additives extracts micronutrients, stakeholders have not only succored in waste reduction, but also propelled the nutrients required for the growth of the plant. Besides, there has also been the use of nanoparticles as carriers of fertilizers.
Plunging tillable land and burgeoning population have been a bad omen for stakeholders, as such, unparalleled investments have ensued in agriculture sector. Organizations such as Farmers Support Initiative (FS Initiative), undergirding farming in Africa and Asia and other initiatives show a ray of hope for farmers who embark on accessing fertilizer and fertilizer additives.
Fertilizer Additives Market: Overview
The report provides a coherent analysis on the fertilizer additives market with the assistance of qualitative and quantitative analysis. The report also focuses on the dynamics of the fertilizer additives market, elucidating drivers, opportunities, restraints and trends. Further, the report delves into the segregation of the market to offer a holistic picture of fertilizer additives.
Primary research and secondary research provide a dynamic analysis on fertilizer additives market. On one hand, primary source includes telephonic interview, honest views of experts which can be relied upon, unbiased views from seasoned analyst and surveys. On the other hand, the secondary sources include SEC filing, Factiva, trade journals, resourceful database and authentic paid source. The report also is bolstered by analysis through absolute dollar opportunity analysis which showcase the development of the fertilizer additives market.
Innovative Manufacturing Processes and Use of Modern Materials to Open Gateways to New Opportunities
Technological advancements continue to influence the fertilizer additives market with manufacturers focusing their efforts on the development of new and cost-effective techniques for the production of fertilizer additives. For instance, a new procedure developed for manufacturing fertilizer additives extracts micronutrients from already used alkaline batteries. The method is gradually gaining traction owing to its property of aiding in waste reduction while providing the essential nutrients required for the growth of plants. In this procedure, zinc and manganese from the alkaline batteries are collected and cleaned to be used as fertilizer additives. The method is increasingly being recommended by numerous food associations with the nutrients derived from the process aiding in bolstering agricultural production.
Fertilizer Additives Market: Competitive Landscape
A comprehensive analysis of competitive scenario of the fertilizer additives market is propelled by the inclusion of Porters’ Five Force Analysis. The Porters’ Five Force Analysis sheds light on the potential strategies employed by pertinent companies. The report is bolstered by company profile, SWOT analysis, annual revenue and strategic overview.
Some of the leading players in the fertilizer additives market are Arkema SA, Clariant AG, Michelman, Inc., Chemipol SA, Timac Agro USA, Dorf Ketal, ArrMaz, Fertibon Products Pvt. Ltd., Hubei Forbon Technology Co Ltd., Neelam Aqua & Specialty Chem (P) Ltd., Novochem Group, KAO Chemicals, Tolsa Group, Solvay, and Chemsol LLC. These companies continue to focus on consolidating their position in the fertilizer additives market.
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