Agricultural adjuvants are components of integrated pest management, and during crop protection chemical applications are used to enhance the effectiveness of herbicides, insecticides, and fungicides. These adjuvants are also used in fertilizers and Plant Growth Regulators (PGR) in farming practices. In this report, the growth rate of the global agricultural adjuvants market has been accounted including factors such as consumption of agrochemicals, food demand, and area harvested under the crops, among others.
The key trends in the agricultural adjuvants market include agrochemicals experiencing huge demand, innovation, and new product development to increase in the ornamental plants segment, and growing demand from grains and cereals.
The agricultural adjuvants market is expected to grow from $3,298.6 million in the year 2021 to $4,786.5 million by 2027 at a CAGR of 6.43% from 2022 to 2027. The growth in the global agricultural adjuvants market is expected to be driven by increasing demand for adjuvants in precision farming and the growing need to limit pesticide waste.
Read report overview- Agricultural adjuvants Market
Key Market Players
The companies that are profiled have been selected based on inputs gathered from primary experts, and analyzing company coverage, product portfolio, and market penetration.
The top segment players which are leading include agricultural adjuvants public companies, that capture around 60% of the presence in the market. Private players in agricultural adjuvants industries account for approximately 40% of the presence in the market.
Strategies adopted by market players
The global agricultural adjuvants market has seen major development by key players operating in the market, such as new product launches, acquisition & joint ventures, business expansion, partnership, and collaboration. According to BIS Research analysis, the majority of the companies preferred new product launches and partnerships as a strategy to further increase their growth in the global agricultural adjuvants market. Companies such as Brandt Consolidated, Inc., Wilbur-Ellis Holdings, Inc., Precision Laboratories Inc, and Nouryon have majorly adopted new product launches and, partnership strategies.
The favoured strategy for the companies has been new product launches, acquisition & joint ventures, and partnerships to strengthen their position in the agricultural adjuvants market. For instance, in February 2022, Precision Laboratories, LLC entered a partnership with Michigan State University. This partnership will help the company to increase its research and development activities in the agricultural adjuvants business.
Comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
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Demand – Drivers
Following are the demand drivers for the agricultural adjuvants market:
Increasing Crop Protection Chemicals Utilization in Farming• Demand for Agricultural Adjuvants in Precision Farming
• Growing Need to Limit Pesticide Waste
• Rising Demand for Agricultural Adjuvants to Improve Yield
Impact on Market
With an increased crop protection chemicals and the growing need to limit pesticide waste creating the market opportunity for agricultural adjuvants manufacturers. As adjuvants enhance the efficacy of herbicides, fungicides, and insecticides, farmers are adopting adjuvant technology in their farming practices. Also, Europe focuses on green agricultural adjuvants, and the shift to eco-friendly, sustainable green products brings significant sales and financing opportunities to the Europe market.• Furthermore, agricultural adjuvants consume in fertilizers and Plant Growth Regulators (PGR) in developed countries. Likewise, enormously precision farming techniques use the adjuvants in farming drive the agricultural adjuvants market during 2022-2027.
Recent Developments in Global Agricultural Adjuvants Market
In April 2022, PacBio, the provider of high-quality, highly correct sequencing platforms, announced the collaboration with Corteva, a global agriculture company, to develop custom, end-to-end workflows and adjuvants for a plant, pest, and microbial sequencing.• In March 2022, Brandt, Inc. launched the new adjuvant technology, called BRANDT Integras Adjuvant Technology. This modern technology will help to reduce losses by improving efficiency in pesticide application.
• In August 2021, Univar Solutions Inc. partnered with Solvay, a global chemical and ingredient distributor, and provider. This partnership will help Solvay to distribute its agrochemical defensives, adjuvants, and fertilizers to Brazil.
• In August 2021, Evonik Industries AG and Tropfen created a partnership in South America. This partnership helped Evonik Industries AG to increase its footprint in South America and treat more than 7 million hectares of crops through BREAK-THRU adjuvants
• In July 2021, Helena Agri-Enterprises, LLC, and Vive Crop Protection entered a distribution agreement for the U.S. market. This agreement helped the company increase its adjuvant business in the U.S. agricultural adjuvants market.
USP of the report
Extensive competitive benchmarking of the top 15 players.• Market sizing for volume and value market.
• Investment landscape including product adoption scenario, funding, and patent analysis
The agricultural adjuvants market has huge potential in near future, as they are used in various crop protection chemicals, fertilizers, and Plant Growth Regulators (PGR). Through a better adoption of agricultural adjuvants in precision farming, the consumers' demand for agricultural adjuvants can increase during 2022-2027
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