Market Overview:
The global agricultural adjuvants market size was valued at USD 2.92 billion in 2018 and isprojected to reach USD 6.59 billion bythe end of 2032, exhibiting a CAGRof 5.61% during the forecast period based on our analysis in the existingreport.
This information is presented by Fortune Business Insights,in its report titled, “Agricultural Adjuvants Market, 2019-2032.”
The global market is growing because more people are aware of theenvironmental harm caused by bad pesticide use. This has led to a higher need
for eco-friendly agricultural products, increasing the market's income.
List of Key Players Mentioned in the Report:
- BASF SE
- Clariant AG
- Akzo Nobel N.V.
- Huntsman Corporation
- Helena Agri-Enterprises
- Stepan Company
- DowDuPont
- Wilbur-Ellis
- Drexel Chemical
- Nufarm
Segmentation:
Insecticides to Emerge as Most Attractive Product Type due to GrowingDemand in the Asia Pacific
Many adjuvant products on the market are designed to resolve spray-mixincompatibilities that occur when combining different agrochemicals. Activator
adjuvants, particularly surfactants, make up the largest category and hold the
biggest market share.
Adjuvants application is projected to continue to dominate withherbicides application
In terms of applications, herbicides hold the largest share because theyare a major group of crop protection chemicals used in agriculture. The
effectiveness of post-emergence herbicides is greatly influenced by factors
like the plant's age, size, and growing conditions.
Report Coverage:
The market report examines key regions aroundthe world to give readers a better understanding of the industry. It provides
insights into the latest trends and fast-developing technologies globally. The
report looks at significant changes in software development and highlights
factors that either promote or hinder growth, offering a detailed overview of
the agricultural adjuvants market.
Market Main Objective:
The agricultural adjuvants market is designedto meet the needs of different players in the agricultural industry. Here's how
it serves each group:
- For Farmers: The goal is to boost crop yields and make crop protection chemicals work better.
- For Pesticide Manufacturers: The aim is to improve the performance of their products, which can lead to using lower
amounts and possibly cutting costs for farmers. - For Policymakers: The focus is on encouraging sustainable farming by promoting adjuvants that help reduce
the overall use of pesticides.
In short, the agricultural adjuvants marketseeks to enhance agricultural efficiency and productivity while supporting
sustainability.
Drivers and Restraints:
Increasing Research and Development to Advance Agricultural AdjuvantApplication Technology
Drones, also known as UAVs, are gaining popularity due to theiraccuracy, cost-effectiveness, simplicity, and safety. As farmers adopt drones,
major companies are developing new products. For instance, Clariant, a leading
agrochemical company, introduced DropForward in April 2022. This technology
improves product delivery accuracy by using adjuvants and co-formulants.
Regional Insights:
North America to Lead During the Forecast Period
Right now, North America and Europe are the top markets for agriculturaladjuvants and are likely to maintain a large portion of the global market for
the foreseeable future. In these regions, the market is growing because of
strict rules on using crop protection chemicals to protect the environment.
This growth is also expected in South America and the Asia-Pacific region,
mainly due to the increasing demand for crop protection chemicals and the
growing awareness among farmers about the benefits of using adjuvants with
these chemicals.
Competitive Landscape:
Innovative Product Launch Announcement by Key Players to Bolster MarketGrowth
Top companies often merge with others to boost their brand value andregularly introduce new products after careful market research to meet customer
needs.
Agricultural Adjuvants Market Future Outlook
- Increasing Demand for Crop Protection: As global population grows, the need for effective crop protection products rises.
This boosts the demand for agricultural adjuvants that enhance pesticide
effectiveness.
- Sustainable Agriculture Practices: There is a shift towards eco-friendly farming techniques. Adjuvants that support
sustainable practices will likely see increased adoption in the market.
- Technological Innovations: Advances in formulation technologies are creating more efficient adjuvants. These
innovations improve the delivery and performance of agrochemicals, driving
market growth.
Key Industry Development:
May 2021, Agoro Carbon Alliance is a new global company that Yara Internationalsaid would help farmers embrace sustainable agricultural methods and make
money. Farmers who participate in this initiative contribute to yield growth by
implementing sustainable carbon farming techniques.
