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Nitrogen fertilizer additives are derived from dicyandiamide, it belongs to the nutritional family. It appears as a white color and available in liquid and powder form. The product is blended with or urea ammonium nitrate before the addition of surfactants and pesticides. Additionally, nitrogen stabilizer fertilizer additives are categorized into urease inhibitors and nitrification inhibitors. These inhibitors help in plant growth, maintaining soil quality, and provide effective quality of crops. These benefits surge the demand for nitrogen fertilizer additives in a wide range of applications which include grains planting, vegetable planting, and fruit planting.
The increasing demand for nitrogen fertilizer additives from the agriculture industry will aid to flourish the market growth. Many of the farmers use urease inhibitors in order to reduce nitrous oxide greenhouse gas emissions and uses nitrification inhibitors to decrease nitrate water pollution. Moreover, the addition of nitrogen fertilizer additives leads to improve soil health and also aids plants to better access essential water and nutrients. The rapidly growing agriculture industry coupled with enhancement in the fertilizer additive will boost the consumption of nitrogen fertilizer additives. Hence, increasing consumption will fuel market growth during the forecast timeline.
However, the high price of nitrogen fertilizer additives makes it unaffordable for many farmers and impacts the overall demand. This restricts its adoption in various applications and is anticipated to hamper the market growth.
Key Market Driver -
The rising demand for nitrogen fertilizer additives from agriculture industry to drive the market growth.
Key Market Restraint -
High price of nitrogen fertilizer additives to hamper the market growth
Based on product, the nitrogen fertilizer additives market is segmented into urease inhibitors and nitrification inhibitor. Based on application, the market is segmented into grains planting, vegetables planting, fruits planting, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The key players in the nitrogen fertilizer additives market include Solvay, Achema, Weyerhaeuser NR, Innvictis Crop Care, Helena Agri-Enterprises, Loveland Products, AgXplore International, Koch Fertilizer, BASF SE, Yara, and Arclin.
Asia Pacific is anticipated to witness sustainable growth in the nitrogen fertilizer additives market. The growth is attributed to the rapid growth in the agriculture industry thereby surge the product consumption in this region. The higher adoption of urease inhibitors in grains planting will fuel the market growth in North America, in which the US and Canada are the leading countries. In Europe, the growth is due to, increasing use of the product the planting of the fruit. The Middle East & Africa is anticipated to witness significant growth, owing to the adoption of the nitrification inhibitor in the vegetable planting.
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