Fertilizer Additives Market

Fertilizer Additives Market Size by Function (Hydrophobic agent, Anticaking agent, Antifoam agent, Dedusting agent, Corrosion inhibitors), Form (Granules, Powders), Application, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2021 to 2030

Base Year: 2020 Historical Data: 2018-19
  • Report ID: TBI-12644
  • Published Date: Jan, 2022
  • Pages: 233
  • Category: Chemicals & Materials
  • Format: PDF
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Global fertilizer additives market is anticipated to reach USD 4.65 Billion by 2030, at a CAGR of 3.36% from 2021 to 2030. The robust growth of the fertilizer industry along with the rising global population is driving the growth of global fertilizer additives market.

Market Overview:

Fertilizer additives are the material or substances that are used to improve the quality and stability of the fertilizers. The fertilizer additive offers many benefits ranging from maintaining the granularity of the fertilizers to avoiding the loss of nutrients such as nitrogen, potassium, phosphorus, and sulphur. These additives also help to prevent the formation of caking and dust in the fertilizers. They also prevent the formation of lumps in the fertilizers during the rainy season. Among other benefits, the fertilizer additives improve the cost economics of fertilizer production by enhancing, reducing downtime, capacity utilization, and increasing the recovery of nutrient inputs. Overall, the fertilizer additives strengthen the quality of the fertilizers and soil by providing stability and integrity.

Various types of fertilizer additives are present in the market, such as hydrophobic agents, anticaking agents, antifoam agents, dedusting agents, corrosion inhibitors, etc. Antifoaming agents are used to controlling the foaming during the digestion of the phosphate rock with sulphuric acid. An Anticaking agent helps to prevent lump formation in the fertilizers. Dry fertilizers generate a lot of dust during production, packaging, transportation, storage, and consumption. The dedusting agent helps to control the dust of fertilizers.

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Market Dynamics:

Drivers:
  • Growing demand for food across the globe

According to the United Nations, the global population is expected to reach 9.2 billion by 2050. This has indicated that the rising population will increase the need for food by 70% in the next 30 years. This has resulted in the need to intensify food production. The world will not be able to meet its growing food production demand without the use of fertilizers. Commercial fertilizers are responsible for 30% to 40% of the world’s food production. Thus, rising demand for food production is driving the growth of the fertilizers industry, resulting in boosting the demand for fertilizer additives.

  • Rising ease of application and handling fertilizers

The fertilizer additives offer a sustainable solution to the fertilizer additives by improving the granule hardness as well as durability of the fertilizers. Many fertilizers are present in granular or powdered form. Thus, the formation of caking and lumps in the fertilizers could result in product loss. In order to avoid such a situation, the fertilizer additives such as anticaking agents help to prevent the caking and lump formation in the fertilizers and allow the ease of application and handling fertilizers during transportation, storage, and consumption. Therefore, the rising ease of application and handling of fertilizers due to the addition of fertilizer additives is boosting the growth of the market.

  • Stringent government regulations

One of the most significant restraining factors of fertilizer additives is the presence of stringent government regulations in the fertilizer industry. The fertilizer industry is highly regulated and monitored by the respective governments across the globe. The excess use of synthetic fertilizers additives can be harmful to human health and can have an adverse impact on the soil. Therefore, stringent government regulations present in the market could restrict the market's growth over the forecast period.

Opportunities:
  • Increasing research and development activities

Return on return investment (ROI) is extremely important for the growers as well as retailers in the fertilizer additives market. Therefore, there has been an increased interest in developing an innovative fertilizer product range in the market. New technologies and chemistries allow manufacturers to create fertilizer additives that enhance nutrient and water content. In addition to this, the manufacturers mainly focus on optimizing the production cost by technological innovation in the production of fertilizer additives. Therefore, rising research and development activities in the fertilizer additives sector offer lucrative opportunities for the key players in the market.

Challenges:
  • The cost of raw materials

Comprehensive research has been conducted on fertilizer additives using innovative materials in recent years. However, the production of fertilizer additives on an industrial scale is limited due to the high cost of raw materials. Therefore, the high cost of raw materials could hinder the growth of the market over the forecast period.

Segmentation Analysis:

The global fertilizer additives market has been classified based on function, for, application, and regions.

  • The function segment is divided into the hydrophobic agent, anticaking agent, antifoam agent, dedusting agent, corrosion inhibitors, and others. The anticaking agent segment led the global fertilizer additives market and held a market share of 38.69% in the year 2020. Most fertilizers have a tendency to form lumps or caking during storage. The severity of the caking can be influenced by various factors such as particle structure, moisture content, mechanical strength, etc. The anticaking agent additive prevents the formation of lumps in the fertilizers and eases the fertilizers' packaging, transport, and consumption.
  • The form segment includes granular, powder, and others. The granular form segment accounts for the major market share and grows at the highest CAGR of 4.9% over the forecast period. The granular form fertilizer additives are low cost, easier for storage, and have better control of nutrient release. 
  • The application segment is divided into urea, ammonium nitrate, ammonium phosphate, ammonium sulphate, and others. The urea segment dominated the global fertilizer additives market and held a market share of 52.36% in the year 2020. Urea is one of the most commonly used fertilizers across the globe. It is a white crystalline solid that contains 46% of nitrogen. Due to its properties, it requires fertilizer additives the preserve its nutrient content.
Regional Segmentation Analysis:

The regions analysed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The Asia Pacific region dominated the global fertilizer additives market and accounted for the market share of 43.54% in the year 2020.

  • The robust growth of agricultural economies in the countries such as China, India, and Southeast Asian countries is driving the growth of the market. The agriculture sector is the primary sector and the major factor determining the GDP of the countries such as India, Bangladesh, etc.
  • The North American region held a significant share in the global fertilizer additives market in 2020. The countries such as U.S. and Mexico have a more diverse agriculture sector. The U.S. is one of the top global exporters of corn, followed closely by soybeans. Thus, there is a high demand for fertilizers, resulting in the growth of the fertilizer additives market.

Asia Pacific Fertilizer Additives Market Share in 2020 - 43.54%

 

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Competitive Analysis:

The global fertilizer additives market is competitive with the presence of many global and regional players present in the market. The key players of the global fertilizer additives market are mainly focusing on research and development activities, new product launches, joint venture, mergers & acquisitions, and partnerships to improve their market position in the global fertilizer additives industry.

In July 2019, Arkema, a specialty chemicals and advanced materials company announced the acquisition of ArrMaz, a global leader in specialty surfactants for crop nutrition. This acquisition is expected to strengthen the regional exposure, as well as commercial and technological capabilities of Arkema.

List of Key Market Players:

  • Novochem Group
  • Tolsa Group
  • Clariant Mining Solutions
  • Amit Trading LTD.
  • Filtra Catalysts & Chemicals Ltd.
  • Chemipol
  • KAO Corporation
  • Michelman
  • Forbon Technology
  • Arkema

Key Target Audience

  • Raw Material Suppliers
  • Potential Investors
  • Traders and Distributors
  • Agriculture Fertilizer companies
  • Government Agencies

Report Description:

  • Global Fertilizer additives Market, Industry Analysis, Trends, Analysis and Forecast, 2021 to 2030 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2020 is considered as the base year of the report. 2018 and 2019 are considered as the historic years and 2021 to 2030 are the forecast years. The global Fertilizer additives market is based on revenue (USD Million/Billion), volume (Tons), and price. The report incorporates the market study on the basis of revenue and volume. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global fertilizer additives market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts all across the globe. The research report also delivers an outline of the attractiveness of fertilizer additivesand regions which are deduced and formulated on the basis of their growth rate (CAGR), market size, and attractiveness by analyzing the present and future prospects to market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global fertilizer additives market. This offers vital and in depth insights in order to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global fertilizer additives market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario. 
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis so as to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development in order to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors. 
  • Potential growth prospects along with the penetration rate analysis of the products (market related i.e., global fertilizer additives market is covered in order to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the fertilizer additives market was valued at USD 3.58 billion in 2020 and is anticipated to reach USD 4.65 billion by 2030.

Global fertilizer additives market is growing at a CAGR of 3.36% during the forecast period 2021-2030.

The global fertilizer additives market has been segmented based on function, form, application, and regions. The anticaking agent segment led the fertilizer additives market.

The Asia Pacific region emerged as the largest market for the fertilizer additives.

The rapid development of agriculture sector in all over the world is one of the key contributing factor for the growth of market.

The fluctuation in the raw material prices could hamper the growth of the market over the forecast period.

Technological advancement in the production of fertilizer additives market is expected to offer the future growth opportunity in the market.

Key players are Novochem Group, Tolsa Group, Clariant Mining Solutions, Amit Trading LTD., Filtra Catalysts & Chemicals Ltd., Chemipol, KAO Corporation, Michelman, Forbon Technology

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Function
          4.3.2. Market Attractiveness Analysis By Form
          4.3.3. Market Attractiveness Analysis By Application
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Rising demand for the food production
          5.2.2. Increasing technological advancement in the production methods of feed additives
    5.3. Restrains
          5.3.1. High cost
    5.4. Opportunities
          5.4.1. Increasing research and development activities in the Fertilizer Additives market
    5.5. Challenges
          5.5.1. Fluctuation in the raw material prices

6. Global Fertilizer Additives Market Analysis and Forecast, By Function
    6.1. Segment Overview
    6.2. Hydrophobic agent
    6.3. Anticaking agent
    6.4. Antifoam agent
    6.5. Dedusting agent
    6.6. Corrosion inhibitors
    6.7. Others

7. Global Fertilizer Additives Market Analysis and Forecast, By Form
    7.1. Segment Overview
    7.2. Granules
    7.3. Powders
    7.4. Others

8. Global Fertilizer Additives Market Analysis and Forecast, By Application
    8.1. Segment Overview
    8.2. Urea
    8.3. Ammonium Nitrate
    8.4. Ammonium Phosphate
    8.5. Ammonium Sulphate
    8.6. Others

9. Global Fertilizer Additives Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Fertilizer Additives Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in the Fertilizer Additives Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. Novochem Group
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Tolsa Group
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Clariant Mining Solutions
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Amit Trading LTD
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Arkema
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Filtra Catalysts & Chemicals Ltd.
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Chemipol
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. KAO Corporation
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Michelman
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. Forbon Technology
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis

List of Table

1. Global Fertilizer Additives Market, By Function, 2018–2030 (USD Billion) (Tons)

2. Global  Hydrophobic agent, Fertilizer Additives  Market, By Region, 2018–2030 (USD Billion) (Tons)

3. Global Anticaking agent, Fertilizer Additives Market, By Region, 2018–2030 (USD Billion) (Tons)

4. Global  Antifoam agent, Fertilizer Additives  Market, By Region, 2018–2030 (USD Billion) (Tons)

5. Global Dedusting agent, Fertilizer Additives Market, By Region, 2018–2030 (USD Billion) (Tons)

6. Global Corrosion inhibitors, Fertilizer Additives  Market, By Region, 2018–2030 (USD Billion) (Tons)

7. Global Others, Fertilizer Additives Market, By Region, 2018–2030 (USD Billion) (Tons)

8. Global Fertilizer Additives Market, By Form, 2018–2030 (USD Billion) (Tons)

9. Global Granules Market, By Region, 2018–2030 (USD Billion) (Tons)

10. Global Powders, Fertilizer Additives Market, By Region, 2018–2030 (USD Billion) (Tons)

11. Global Others, Fertilizer Additives Market, By Region, 2018–2030 (USD Billion) (Tons)

12. Global Fertilizer Additives Market, By Application, 2018–2030 (USD Billion) (Tons)

13. Global Urea Fertilizer Additives Market, By Region, 2018–2030 (USD Billion) (Tons)

14. Global Ammonium Nitrate Fertilizer Additives Market, By Region, 2018–2030 (USD Billion) (Tons)

15. Global Ammonium Phosphate Fertilizer Additives Market, By Region, 2018–2030 (USD Billion) (Tons)

16. Global Ammonium Sulphate Fertilizer Additives Market, By Region, 2018–2030 (USD Billion) (Tons)

17. Global Others Fertilizer Additives Market, By Region, 2018–2030 (USD Billion) (Tons)

18. Global Fertilizer Additives Market, By Region, 2018–2030 (USD Billion) (Tons)

19. North America Fertilizer Additives Market, By Function, 2018–2030 (USD Billion) (Tons)

20. North America Fertilizer Additives Market, By Form, 2018–2030 (USD Billion) (Tons)

21. North America Fertilizer Additives Market, By Application, 2018–2030 (USD Billion) (Tons)

22. U.S. Fertilizer Additives Market, By Function, 2018–2030 (USD Billion) (Tons)

23. U.S. Fertilizer Additives Market, By Form, 2018–2030 (USD Billion) (Tons)

24. U.S. Fertilizer Additives Market, By Application, 2018–2030 (USD Billion) (Tons)

25. Canada Fertilizer Additives Market, By Function, 2018–2030 (USD Billion) (Tons)

26. Canada Fertilizer Additives Market, By Form, 2018–2030 (USD Billion) (Tons)

27. Canada Fertilizer Additives Market, By Application, 2018–2030 (USD Billion) (Tons)

28. Mexico Fertilizer Additives Market, By Function, 2018–2030 (USD Billion) (Tons)

29. Mexico Fertilizer Additives Market, By Form, 2018–2030 (USD Billion) (Tons)

30. Mexico Fertilizer Additives Market, By Application, 2018–2030 (USD Billion) (Tons)

31. Europe Fertilizer Additives Market, By Function, 2018–2030 (USD Billion) (Tons)

32. Europe Fertilizer Additives Market, By Form, 2018–2030 (USD Billion) (Tons)

33. Europe Fertilizer Additives Market, By Application, 2018–2030 (USD Billion) (Tons)

34. Germany Fertilizer Additives Market, By Function, 2018–2030 (USD Billion) (Tons)

35. Germany Fertilizer Additives Market, By Form, 2018–2030 (USD Billion) (Tons)

36. Germany Fertilizer Additives Market, By Application, 2018–2030 (USD Billion) (Tons)

37. France Fertilizer Additives Market, By Function, 2018–2030 (USD Billion) (Tons)

38. France Fertilizer Additives Market, By Form, 2018–2030 (USD Billion) (Tons)

39. France Fertilizer Additives Market, By Application, 2018–2030 (USD Billion) (Tons)

40. U.K. Fertilizer Additives Market, By Function, 2018–2030 (USD Billion) (Tons)

41. U.K. Fertilizer Additives Market, By Form, 2018–2030 (USD Billion) (Tons)

42. U.K. Fertilizer Additives Market, By Application, 2018–2030 (USD Billion) (Tons)

43. Italy Fertilizer Additives Market, By Function, 2018–2030 (USD Billion) (Tons)

44. Italy Fertilizer Additives Market, By Form, 2018–2030 (USD Billion) (Tons)

45. Italy Fertilizer Additives Market, By Application, 2018–2030 (USD Billion) (Tons)

46. Spain Fertilizer Additives Market, By Function, 2018–2030 (USD Billion) (Tons)

47. Spain Fertilizer Additives Market, By Form, 2018–2030 (USD Billion) (Tons)

48. Spain Fertilizer Additives Market, By Application, 2018–2030 (USD Billion) (Tons)

49. Asia Pacific Fertilizer Additives Market, By Function, 2018–2030 (USD Billion) (Tons)

50. Asia Pacific Fertilizer Additives Market, By Form, 2018–2030 (USD Billion) (Tons)

51. Asia Pacific Fertilizer Additives Market, By Application, 2018–2030 (USD Billion) (Tons)

52. Japan Fertilizer Additives Market, By Function, 2018–2030 (USD Billion) (Tons)

53. Japan Fertilizer Additives Market, By Form, 2018–2030 (USD Billion) (Tons)

54. Japan Fertilizer Additives Market, By Application, 2018–2030 (USD Billion) (Tons)

55. China Fertilizer Additives Market, By Function, 2018–2030 (USD Billion) (Tons)

56. China Fertilizer Additives Market, By Form, 2018–2030 (USD Billion) (Tons)

57. China Fertilizer Additives Market, By Application, 2018–2030 (USD Billion) (Tons)

58. India Fertilizer Additives Market, By Function, 2018–2030 (USD Billion) (Tons)

59. India Fertilizer Additives Market, By Form, 2018–2030 (USD Billion) (Tons)

60. India Fertilizer Additives Market, By Application, 2018–2030 (USD Billion) (Tons)

61. South America Fertilizer Additives Market, By Function, 2018–2030 (USD Billion) (Tons)

62. South America Fertilizer Additives Market, By Form, 2018–2030 (USD Billion) (Tons)

63. South America Fertilizer Additives Market, By Application, 2018–2030 (USD Billion) (Tons)

64. Brazil Fertilizer Additives Market, By Function, 2018–2030 (USD Billion) (Tons)

65. Brazil Fertilizer Additives Market, By Form, 2018–2030 (USD Billion) (Tons)

66. Brazil Fertilizer Additives Market, By Application, 2018–2030 (USD Billion) (Tons)

67. Middle East and Africa Fertilizer Additives Market, By Function, 2018–2030 (USD Billion) (Tons)

68. Middle East and Africa Fertilizer Additives Market, By Form, 2018–2030 (USD Billion) (Tons)

69. Middle East and Africa Fertilizer Additives Market, By Application, 2018–2030 (USD Billion) (Tons)

70. UAE Fertilizer Additives Market, By Function, 2018–2030 (USD Billion) (Tons)

71. UAE Fertilizer Additives Market, By Form, 2018–2030 (USD Billion) (Tons)

72. UAE Fertilizer Additives Market, By Application, 2018–2030 (USD Billion) (Tons)

73. South Africa Fertilizer Additives Market, By Function, 2018–2030 (USD Billion) (Tons)

74. South Africa Fertilizer Additives Market, By Form, 2018–2030 (USD Billion) (Tons)

75. South Africa Fertilizer Additives Market, By Application, 2018–2030 (USD Billion) (Tons)

List of Figures 

1. Global Fertilizer Additives Market Segmentation

2. Fertilizer Additives Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Fertilizer Additives Market Attractiveness Analysis By Function

9. Global Fertilizer Additives Market Attractiveness Analysis By Form

10. Global Fertilizer Additives Market Attractiveness Analysis By Application

11. Global Fertilizer Additives Market Attractiveness Analysis By Region

12. Global Fertilizer Additives Market: Dynamics

13. Global Fertilizer Additives Market Share By Function(2021 & 2030)

14. Global Fertilizer Additives Market Share By Form(2021 & 2030)

15. Global Fertilizer Additives Market Share By Application(2021 & 2030)

16. Global Fertilizer Additives Market Share by Regions (2021 & 2030)

17. Global Fertilizer Additives Market Share by Company (2021)

This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2030. The Brainy Insights has segmented the global Fertilizer Additives market on the basis of below mentioned segments:

Global Fertilizer Additives Market by Function:

  • Hydrophobic agent
  • Anticaking agent
  • Antifoam agent
  • Dedusting agent
  • Corrosion inhibitors
  • Others

 Global Fertilizer Additives Market by Form:

  • Granules
  • Powders
  • Others

Global Fertilizer Additives Market by Application:

  • Urea
  • Ammonium Nitrate
  • Ammonium Phosphate
  • Ammonium Sulphate
  • Others                        

 Global Fertilizer Additives Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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