This research report titled “Fertilizer Additives Market Swelling Demand to Influence Revenue Share during 2018-2028” focuses on the Fertilizer Additives, published to the vast repository managed by FACT MR. The analysis focuses on the prime geographical regions based on their market size, revenue and attractiveness factors. Furthermore, the research discusses various segments from the Fertilizer Additives to examine future lucrativeness and spot growth prospects during the period between (2018-2028). Readers can even access information such as key developments, technologies, innovations, etc., concerned to the Fertilizer Additives.
The fertilizer additives market is estimated to continue to remain fragmented with the presence of numerous regional players. The prominent players operating in the fertilizer additives market are estimated to hold over 25% of the total fertilizer additives market share. Leading players continue to focus on expansion and launch of new products to consolidate their position in the fertilizer additives market. Prominent players continue to form joint ventures to expand their presence in the fertilizer additives market.
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Decreasing Arable Land and Growing Population to Bolster Fertilizer Additives Market
With continuous growth in the global population, the demand for food and housing is on the rise. Consequently, Earth’s land is being subjected to excessive pressure which is causing a degradation in the quality of the soil and its fertility. According to a report published by the Joint Research Centre in 2018, a committee set up by the European Commission, an area half the size of Europe undergoes severe degradation and becomes unsuitable for cultivation every year. Another report by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services backed the Joint Research Centre’s claim. With the area of arable land decreasing and demand for food on the rise, farmers are increasingly using fertilizers to boost production.
Burgeoning Investments in Agricultural Farming to Aid Fertilizer Additives Market Growth
Farmers around the world are gradually showing a willingness to spend more on agriculture in order to boost the production of the land. Additionally, governments across the globe are announcing the launch of initiatives to support farmers and lessen the burden of expenditure on them, thus providing them the access to fertilizer and fertilizer additives. These factors are estimated to propel fertilizer additives market proliferation.
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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.
Increasing Concerns about the Adverse Impact of Fertilizers on Health and Environment to Hamper Market Growth
Chemical fertilizers tend to seep into the ground and contaminate the groundwater. Fertilizers are non-toxic in small amounts. However, when the concentration increases these fertilizers could cause an imbalance in the groundwater ecosystem. The consumption of contaminated groundwater can lead to the development of hypertension, gastric cancer, testicular cancer, goiter, and birth abnormalities. Further, fertilizers are washed away into streams and seas and can potentially kill fish and other sea organisms. Nitrogen, a key component of the fertilizer composition contributes greatly to the greenhouse effect.
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