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 main factor driving the global market is the increasing demand for crop protection chemicals. Over the past decade, there has been a growing focus on raising awareness about the environmental impact of improper pesticide use. This has boosted the market's revenue by increasing the demand for agricultural adjuvants.
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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
Unmanned Aerial Vehicles (UAVs), or drones, are becoming increasingly popular because they are precise, affordable, easy to use, and have advanced safety features. As more farmers show interest in using drones, big companies are responding with new and innovative products. For example, Clariant, a top agrochemical manufacturer, launched a technology called DropForward in April 2022. This technology uses adjuvants and co-formulants to ensure accurate delivery of products.
Regional Insights:
North America to Lead During the Forecast Period
Currently, North America and Europe are the two biggest markets for agricultural adjuvants, and they are anticipated to continue to have a sizable share of the global market during the forecast period. In North America and Europe, the market is being driven by strict regulations on the use of crop protection chemicals to save the environment from harmful impacts.
Due to the expanding market for crop protection chemicals, South America and the Asia-Pacific region are expected to have rapid market expansion. Another factor boosting the global market in these two regions is the rising knowledge among crop growers of the advantages of adjuvants with the spray chemicals.
Competitive Landscape:
Innovative Product Launch Announcement by Key Players to Bolster Market Growth
Top companies use various strategies to strengthen their market position. One key approach is merging with other businesses to enhance their brand value. Another important strategy is regularly launching new products based on thorough market research and understanding the needs of their target customers.
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.