The new report by Expert Market Research titled, ‘Global Agricultural Adjuvants Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global agricultural adjuvants market, assessing the market based on its segments like functions, applications, crop types, formulations, adoption stages, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 8%
The growing adoption of crop protection measures and pesticides are driving the market growth of agricultural adjuvants. This is because of the rising cultivation of crops to meet the increasing demands of the population and the decreasing arable land. The launch of innovative pesticide products is also contributing to the steady growth of the market. The growing awareness about the benefits of agricultural adjuvants, such as enhanced herbicide activity and the availability of numerous agricultural adjuvants in the market, is also leading to the development of the agricultural adjuvants industry. Moreover, the development of eco-friendly green adjuvants is propelling the agricultural adjuvants industry. SINVOCHEM, a chemical company, uses recyclable green materials to synthesise biodegradable pesticide adjuvants. Such developments is likely to drive the agricultural adjuvants industry in the forecast period.
Industry Definition and Major Segments
Agricultural adjuvants are used to enhance the functioning of agrochemicals, such as pesticides, herbicides, and insecticides to eliminate unwanted pests and boost crop productivity. Adjuvants added to the tank’s spray liquid before the application are called tank-mix adjuvants. At the same time, the adjuvants incorporated in the formulation is known as in-formulation or in-can adjuvants.
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The agricultural adjuvants industry, by function, is segmented into:
- Activator Adjuvants
- Surfactants
- Oil-Based Adjuvants
- Utility Adjuvants
- Compatibility Agents
- Buffers/ Acidifiers
- Antifoam Agents
- Water Conditioners
- Anti-Drift Agents
- Others
Based on application, the market is divided into:
- Insecticides
- Herbicides
- Fungicides
- Others
On the basis of crop type, the market is classified into:
- Cereals and Grains
- Corn
- Wheat
- Rice
- Others
- Fruits and Vegetables
- Oilseeds and Pulses
- Soybean
- Others
- Others
Based on formulation, the market is segmented into:
- Suspension Concentrate
- Emulsifiable Concentrate
On the basis of adoption stage, the market is bifurcated into:
- In-formulation
- Tank-Mix
The regional markets of agricultural adjuvants include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The government initiatives to enhance pesticide stability and efficacy using adjuvants is leading to the expansion of the agricultural adjuvants industry. For instance: the Ministry of Agriculture and Family Welfare, India, in 2018, conducted research to reduce the quantity of pesticide consumption through the adoption of agricultural adjuvants. In addition, new product launches by several companies are benefitting the market growth. Nachurs Alpine Solutions introduced the Advanced Adjuvants brand in 2021 into the marketplace. The adjuvant formulations ensure maximum performance and meet today’s customers’ changing environmental and sustainability goals. The technological improvements in the cultivation of crops and the investments in ongoing research activities are expected to augment the agricultural adjuvants industry in the forecast period.
Key Market Players
The major players in the market are Corteva, Inc., Evonik Industries AG., Croda International Plc, Nufarm Ltd, Solvay SA, and BASF, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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