Agricultural Adjuvants Market Overview
How big is the agricultural adjuvants market?
The agricultural adjuvants market to advance USD 4.95 Billion at a CAGR 4.95 % from 2022 to 2030
Agriculture is a sector where modern and scientific ways of farming can yield better results. There are countries where more than 80% of people are in the farming profession, but due to the limitations that are part and parcel of traditional farming, the agricultural output is limited. On the other hand, some countries with just 20% of people in the farming profession produce more agricultural outputs due to the modern and scientific methods of agriculture being in vogue. For example, the United States of America (USA) is among the highest agricultural producers in the world despite few people in the farming profession there. This is because of advanced technologies and scientific methods of the agriculture being practiced there.
Adjuvants, an innovative contribution by the modern farming methods improve the performance of products used for crop protection. They also improve the cost-effectiveness of such products. Agricultural adjuvants can enhance the efficiency of the pesticides products. The factors that drive the agricultural adjuvants market value include rising demand for agrochemical products, change in farming practices & technology, increasing acceptance of modern farming & protected agriculture, continuous rising population, and the necessity for high agricultural productivity. Increasing awareness among the farmers is also boosting the growth of the market. Increase in pesticide usage in agriculture can contribute to the growth of this market. However, the market growth can go for a toss if agricultural adjuvants are not used properly because improper use can damage the crop.
The key players in the global agricultural adjuvants market include Akzonobel N.V. (Netherlands), Adjuvant Plus Inc. (Canada), Clariant International Ltd (Switzerland), Croda International PLC (UK), Dow Corning Corp. (USA), Evonik Industries AG (Germany), Helena Chemical (USA), Huntsman Corp. (USA), Nufarm Ltd (Australia), and Solvay (Belgium).
The global agricultural adjuvants market report is segmented on the basis of types, application, and crop type.
The types of agricultural adjuvants available in the market are activator adjuvants, utility adjuvants, and others. Among these, the activator adjuvant segment is expected to dominate the market share over the review period. The augmented demand for natural surfactants is estimated to substantially contribute to the growth of the activator adjuvants segment in the forecast period.
Based on the application, the agricultural adjuvants market size is segmented into fungicides, herbicides, insecticides, and others. Among these, the herbicides segment is assessed as the fastest growing segment based on the growing demand for herbicides in the market. Additionally, the fungicides segment is projected to rise at a steady growth rate over the evaluation period.
The crop types that are significant to the market are segmented into fruits & vegetables, grains & cereals, oilseeds & pulses, and others. Among these, cereals & grains dominate the market share, since it is the staple food in the majority of the regions across the globe. Nevertheless, the fruits and vegetable segment is also anticipated to witness substantial growth over the forecast period.
Market Research Future (MRFR) has published a research report about the global agricultural adjuvants market that vaticinates surge for this market value with 5.4% CAGR (Compound Annual Growth Rate) between 2022 and 2030. This report analyzes the market structure and features expert opinions to present insights into the future growth potential of this market. According to this report, farmers are becoming more accepting of surfactants, an activator adjuvant. The bio-based agricultural adjuvants are anticipated to enhance the market growth over the forecast period.
The global agricultural adjuvants market has been studied in North America, Europe, Asia Pacific, and the rest-of-the-world (RoW).
The North American region is dominating the global agricultural adjuvants industry analysis, followed by Europe. Developed countries such as the U.S. and Canada are the substantial contributors in North America to the agricultural adjuvants market. Strict government rules regarding food safety are driving the agricultural adjuvants market outlook in this region. The growing awareness regarding modern farming methods, the development of large-scale agriculture, growing demand for food products are factors expected to impact the market growth in this region over the assessment period.
Europe is a significant region of the global agricultural adjuvants and is expected to acquire a substantial market valuation over the assessment period. Developing countries such as Spain and Germany are likely to contribute majorly to the agricultural adjuvants in the European region.
The Asia Pacific (APAC) region is expected to be the fastest growing region for agricultural adjuvants market. Increasing agricultural practices in China, India, Indonesia, and Japan, is driving the growth of the agricultural adjuvants in this region. In the rest of the world, Brazil is anticipated to account for the significant share of agricultural adjuvants market.
The regional segmentation of the global agricultural tractors market comprises of North America, Europe, Asia Pacific, and rest of the world (RoW). According to the report, North America is dominating the market followed by Europe. The USA and Canada are the major contributors in the North American market, followed by a minor but significant contribution by Mexico. Strict government regulations regarding food safety are driving the market in this region. Similarly, Spain and Germany are the major contributors to the agricultural adjuvants in the European region. Government regulations in Europe may not be as strict as they are in North America, but they are strict. After Spain and Germany, the other major contributors to the market include France, Italy and the United Kingdom (UK). During the forecast period, Asia Pacific is expected to be the fastest growing regional market. Modern agricultural practices are slowly growing in India, China, Japan, and Indonesia. This is driving the growth of the agricultural adjuvants in this region. In rest of the world, Brazil is expected to occupy a major share of the market statistics during the forecast period.
Latest Industry News
- Monsanto Company has collaborated with Adjuvants Unlimited, LLC to develop an agricultural sprayer system cleaner that has been designed to deactivate dicamba. 24 APR 2018
- Sapec Agro Business acquired the French company SDP, through its subsidiary Tradecorp. Tradecorp is Sapec's specialty crop nutrition division. SDP’s adjuvants are expected to enhance the Sapec Agro Business global portfolio. 26 JUL 2018.
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