Market Overview:
The global agricultural adjuvants market size was valued at USD 2.92 billion in 2018 and is projected to reach USD 6.59 billion by the end of 2032, exhibiting a CAGR of 5.61% during the forecast period based on our analysis in the existing report.
This information is presented by Fortune Business Insights, in its report titled, “Agricultural Adjuvants Market, 2019-2032.”
The global market is growing because more people are aware of the environmental harm caused by bad pesticide use. This has led to a higher need for eco-friendly agricultural products, increasing the market's income.
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List of Key Players Mentioned in the Report:
BASF SE
Clariant AG
Akzo Nobel N.V.
Huntsman Corporation
Helena Agri-Enterprises
Stepan Company
DowDuPont
Wilbur-Ellis
Drexel Chemical
Nufarm
Segmentation:
Insecticides to Emerge as Most Attractive Product Type due to Growing Demand in the Asia Pacific
Many adjuvant products on the market are designed to resolve spray-mix incompatibilities that occur when combining different agrochemicals. Activator adjuvants, particularly surfactants, make up the largest category and hold the biggest market share.
Adjuvants application is projected to continue to dominate with herbicides application
In terms of applications, herbicides hold the largest share because they are a major group of crop protection chemicals used in agriculture. The effectiveness of post-emergence herbicides is greatly influenced by factors like the plant's age, size, and growing conditions.
Report Coverage:
The market report examines key regions around the world to give readers a better understanding of the industry. It provides insights into the latest trends and fast-developing technologies globally. The report looks at significant changes in software development and highlights factors that either promote or hinder growth, offering a detailed overview of the agricultural adjuvants market.
Source: https://www.fortunebusinessinsights.com/industry-reports/agricultural-adjuvants-market-100769
Market Main Objective:
The agricultural adjuvants market is designed to meet the needs of different players in the agricultural industry. Here's how it serves each group:
For Farmers: The goal is to boost crop yields and make crop protection chemicals work better.
For Pesticide Manufacturers: The aim is to improve the performance of their products, which can lead to using lower amounts and possibly cutting costs for farmers.
For Policymakers: The focus is on encouraging sustainable farming by promoting adjuvants that help reduce the overall use of pesticides.
In short, the agricultural adjuvants market seeks to enhance agricultural efficiency and productivity while supporting sustainability.
Drivers and Restraints:
Increasing Research and Development to Advance Agricultural Adjuvant Application Technology
Drones, also known as UAVs, are gaining popularity due to their accuracy, cost-effectiveness, simplicity, and safety. As farmers adopt drones, major companies are developing new products. For instance, Clariant, a leading agrochemical company, introduced DropForward in April 2022. This technology improves product delivery accuracy by using adjuvants and co-formulants.
Regional Insights:
North America to Lead During the Forecast Period
Right now, North America and Europe are the top markets for agricultural adjuvants and are likely to maintain a large portion of the global market for the foreseeable future. In these regions, the market is growing because of strict rules on using crop protection chemicals to protect the environment. This growth is also expected in South America and the Asia-Pacific region, mainly due to the increasing demand for crop protection chemicals and the growing awareness among farmers about the benefits of using adjuvants with these chemicals.
Competitive Landscape:
Innovative Product Launch Announcement by Key Players to Bolster Market Growth
Top companies often merge with others to boost their brand value and regularly introduce new products after careful market research to meet customer needs.
Key Industry Development:
May 2021, Agoro Carbon Alliance is a new global company that Yara International said would help farmers embrace sustainable agricultural methods and make money. Farmers who participate in this initiative contribute to yield growth by implementing sustainable carbon farming techniques.