Global Agricultural Adjuvants Market Insights
Global Agricultural Adjuvants Market size was valued at USD 3.52 billion in 2021 and is poised to grow from USD 3.7 billion in 2022 to USD 5.56 billion by 2030, growing at a CAGR of 5.2% in the forecast period (2023-2030).
Adjuvants increase the penetration of active chemicals in pesticides into plant leaves, enhancing their efficiency. In turn, this lowers the number of active substances needed to make pesticides, which lowers the price of pesticides. Agricultural adjuvants must be safe to use and reduce the environmental impact of washed-off foliar sprayed insecticidesbecause they fall under regulatory oversight. These are the main elements influencing the market. The global market is also being driven by rising demand for crop protection chemicals. In the last decade, there has been a greater emphasis on the potential environmental consequences of excessive pesticide use. This element is increasing demand for agricultural adjuvants and, as a result, market revenue. The drift of spray drops during crop protection chemical application (due to meteorological circumstances, application technology, and physical and chemical properties of pesticide) has contaminated water bodies in diverse places. This has upsurged the demand for agricultural adjuvants, which, thereby has contributed to the market growth.
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Analysis:
Global Agricultural Adjuvants Market Segmental Analysis
Global Agricultural Adjuvants market is segmented based on formulation, adoption stage, function, application, crop type, region. Based on the formulation, the Agricultural Adjuvants Market is segmented into suspension concentrate, emulsifiable concentrate. Based on the adoption stage, the Agricultural Adjuvants Market is segmented into in-formulation, tank-mix. Based on the function, the Agricultural Adjuvants Market is segmented into activator adjuvants (surfactants, oil-based adjuvants), utility adjuvants (compatibility agents, buffers/acidifiers, antifoam agents, water conditioners, antidrift agents, other utility adjuvants). Based on the application, the Agricultural Adjuvants Market is segmented into insecticides, herbicides, fungicides, and other applications. Based on the crop type, the Agricultural Adjuvants Market is segmented into cereals & grains (corn, wheat, rice, others), oilseeds & pulses (soybean, others),
fruits & vegetables, and other crop types. Based on the region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Agricultural Adjuvants Market Analysis by Adoption Stage
Based on the adoption stage, the market is segmented into in-formulation, tank-mix. Among these, the tank-mix segment of the market is projected to hold the most substantial market share. The ease of use and lower capital investment by farmers in these products are critical considerations that enhance farmer acceptance of in-formulation adjuvants. Farmers in underdeveloped countries like India, China, Thailand, and other Asian and African countries save money on tank-mix adjuvants. As a result, pesticide makers in these countries create insecticides that are pre-mixed with adjuvants, primarily surfactants. However, as the research of various adjuvants continues, manufacturers are investing in the creation of novel tank-mix solutions for industrialized countries. As a result, the tank-mix segment is expected to be the fastest-growing in the future years.
Agricultural Adjuvants Market Top Player’s Company Profiles
- Akzo Nobel N.V.
- BASF SE
- Dow Chemical Company
- Huntsman Corporation
- Solvay SA
- Clariant AG
- Croda International Plc
- Helena Agri-Enterprises LLC
- Nufarm Limited
- Evonik Industries AG
- Wilbur-Ellis Company LLC
- Stepan Company
- Brandt Consolidated Inc.
- Tanatex Chemicals B.V.
- GarrCo Products Inc.
- Momentive Performance Materials Inc.
- Lamberti S.p.A.
- Loveland Products Inc.
- Precision Laboratories LLC
- WinField Solutions LLC
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