Fertilizer Additive Market Anticipated to Surge at 4.20% CAGR, Reaching US$ 1,761.88 Million by 2033
The fertilizer additive market is estimated to be worth US$ 1,167.62 million in 2023 and is projected to be valued at US$ 1,761.88 million in 2033. Between 2023 and 2033, the industry is expected to register a growth rate of 4.20%.
The increasing use of fertilizer additives for crop production, the overall growth of agricultural production worldwide, and the overall growth of the agriculture industry worldwide contribute to the market's development. The growing concern towards yield enhancement has led to various formulations of fertilizers that incorporate unique fertilizer additives to impart necessary properties as per climate, soil type, and crop type across regions. This trend and typical usage formats significantly push the global fertilizer additive market.
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