Agricultural Adjuvants Market:
Growth opportunities in the agricultural adjuvants market look promising over the next six years. This is mainly due to the growing importance of precision farming, the high adoption of protected agricultural practices, and the increasing usage of salts, oils emulsifiers, and surfactants for improved crop production.
Agricultural Adjuvants Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The increasing significance of precision farming, growing use of salts, emulsifiers, oils, and surfactants for better crop production, and the adoption of projected agricultural practices are the major factors contributing to the growth of the global agricultural adjuvants market. Precision farming allows farmers to use agricultural adjuvants for various agrochemical applications. With the outbreak of COVID 19, companies are largely choosing eco-friendly bio-based adjuvants like methylated seed oil (MSO), organo-modified siloxanes, and modified vegetable oils because of the surge in demand for organically produced food. The expanding adoption of organic farming is driving the agricultural adjuvants market size.
Almost all developing economies rely on agriculture sector, where farmers use the available resources to produce the maximum possible yield. The accelerating demand for food crops will strengthen the need for pest control chemicals and other pesticides. The limited availability of land in most regions boosts the requirement for better crop production and less crop damage. This factor is anticipated to enhance the growth of the agricultural adjuvants market. However, the price fluctuations and lack of awareness among people about these products might hinder the market growth.
Application Segment Drivers
Based on the application, the market is segmented into herbicides, insecticides, fungicides, and other applications. Herbicide is projected to witness a higher CAGR over the forecast period due to several regulations against crop protection chemicals and rising incidences of early germination pest attacks. Herbicides reduce weed growth and intensify the quality of yield.
Regional Drivers
Based on the regional coverage, Asia-Pacific is predicted to expand at a higher CAGR during the forecast period. The rising demand for agrochemicals in developing countries such as China and India as a result of the growing population in India, Japan, and China is fuelling the demand for food crops. The limited land availability and the developing farming industry also promote the market demand.
Agricultural Adjuvants Market’s Leading Manufacturers:
- Wilbur-Ellis Holdings, Inc.
- Clariant AG
- Huntsman International LLC
- Croda International Plc
- Solvay
- Corteva
- Brandt, Inc.
- Evonik Industries AG
- Nufarm
- BASF SE
Agricultural Adjuvants Market Segmentation:
Segmentation by Function:
- Activator Adjuvants
- Surfactants
- Oil Based Adjuvants
- Utility Adjuvants
- Compatibility Agents
- Buffers/Acidifiers
- Antifoam Agents
- Drift Control Agents
- Others
Segmentation by Application:
- Herbicides
- Insecticides
- Fungicides
- Other Applications
Segmentation by Adoption Stage:
- In-Formulation
- Tank-Mix
Segmentation by Formulation:
- Suspension Concentrate
- Emulsifiable Concentrate
Segmentation by Crop Type:
- Cereals & Grains
- Corn
- Wheat
- Rice
- Others
- Oilseeds & Pulses
- Soybean
- Others
- Fruits & Vegetables
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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