DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Fertilizer Additive Market- By Type, Function, Form and Geography Market Shares, Forecasts And Trends (2015 - 2020)" report to their offering.
Global Fertilizer Additive Market is slated to grow at a CAGR of 5.7% during 2015-2020 forecast period. The market is estimated to be valued at $12.83 billion currently which then would reach a market value of $16.93 billion by 2020. Fertilizer additives are substance or mixture that are intended to improve the fertilizer durability and performance for agricultural production purposes. The physical, chemical, or biological characteristics of fertilizer products are being improved by the application of additives that ultimately helps in better crop production, plant growth, product quality and yield.
Fertilizer additives are increasingly being used for inhibiting urea hydrolysis, nitrification, or ammonia loss from soil. The growth of the market is attributed to high cost and demand for basic agrochemicals like pesticide and fertilizer and the dire need for improved food productivity globally through the efficient use of agrochemicals. Factors like lack of awareness about the additives usage and low adoption rate due to lack of proper channels are restricting the market growth of this niche segment.
The key companies in the market are Clariant International Ltd., Coromandel International Limited, TATA Chemicals Limited, Holland Novochem B.V. and Liven Agrichem Pte Ltd etc. Novozymes and Advanced Biological Marketing, Inc. etc. The most preferred strategies of the key players are to achieve competitive advantage and to expand the business units in various geographical areas by joint ventures, expansions and acquisitions. Introducing new effective products through investments in R&D and technological innovations are adopted to popularize the niche market.
2. Research Approach & Methodology
3. Market Overview
4. Market Segmentation
5. Competitive Landscape
6. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/hc8j5k/global_fertilizer