20-Feb-2020 | Facts and Factors
Facts and Factors have authored “Agricultural Adjuvants Market By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, & Others), By Application (Herbicides, Fungicides, & Insecticides), By Adoption Stage (In-Formulation & Tank-Mix), By Formulation Type (Suspension Concentrates & Emulsifiable Concentrators), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026”. Based on our analysis, the global agricultural adjuvants market in 2020 is over USD 3.2 Billion and is expected to reach around USD 5.4 Billion by 2026. The anticipated CAGR for the global agricultural adjuvants market is around 7.5% from 2021 to 2026.
Agricultural adjuvants are chemical or biological substances added to the insecticide, herbicide, fungicide, and bactericide formulations to enhance the effectiveness of pesticides and improve the crop yield. The agricultural adjuvants alter the characteristics of pesticides such as enhancing their penetrating ability to target the organism and protect the crop.
Surging global food demand likely to drive the agricultural adjuvants market
The global population is growing at an exponential rate owing to which the demand for food, specifically food crops, cash crops, and horticultural crops, is increasing massively. To meet the food demand for growing populations, the crop yield has to be increased significantly, which requires extensive use of agricultural adjuvants. Thus, the growing population would propel the global agricultural adjuvants market.
Browse the full “Agricultural Adjuvants Market By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, & Others), By Application (Herbicides, Fungicides, & Insecticides), By Adoption Stage (In-Formulation & Tank-Mix), By Formulation Type (Suspension Concentrates & Emulsifiable Concentrators), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026" report at https://www.fnfresearch.com/agricultural-adjuvants-market-report
The agricultural land shortfall is fueling the demand for agricultural adjuvants
Due to the shortfall of free fertile land across the globe, the farmers have to enhance the crop yield alongside managing cultivation within the limited area. To fulfill the food demand, they are implementing various processes and technologies as well as adding several commercial agricultural products to the fields for yield improvement. For instance, in India, the agricultural land is shrinking at a rate of 30,000 hectares/year.
The adverse impact of agricultural adjuvants mitigates the global market
With the regular use of some chemical agricultural adjuvants, the soil fertility depletes constantly along with the addition of hazardous chemicals. This may lead to a food chain disturbance. The rising health concerns have influenced several agricultural and food agencies to set stringent regulations regarding the production and usage volumes of adjuvants. Some of the leading manufacturers are dedicated to developing biodegradable agricultural adjuvants to combat the rising health and environmental concerns through chemical adjuvants.
Based on function, the activator adjuvant category leads in the global agricultural adjuvants market
Activator adjuvants, which include surfactants, penetrants, wetting agents, salts, and oils, augment the herbicide activity and soil fertility when dissolved in herbicide formulation. Owing to these two key attributes, activator adjuvants are in higher demand and hold the major share in the market in terms of revenue.
North America attains the ruling position in terms of revenue in the global agricultural adjuvants market
North American agricultural adjuvants market holds the dominating position across the globe owing to its higher consumption rate and prevalence of precision farming. However, the European agricultural adjuvants market is likely to fuel at a considerable rate owing to the establishment of key adjuvants manufacturing companies in the region.
Key market players
The key market participants for the global agricultural adjuvants market are BASF SE, Nutrein Ltd., Evonik Industries AG, Solvay S.A., Nufarm Limited, Helena Agri-Enterprises LLC, Nouryon, Stepan Company, Croda International plc., Brandt Consolidated, Inc., Wilbur-Ellis Holdings, Inc., INNVICTIS Crop Care, Miller Chemical & Fertilizer LLC, KALO, Inc., and Corteva Agriscience, Inc., among others.
For instance, Nufarm Limited and Sumitomo Chemical, in September 2018, revealed that both of them have signed a contract to introduce the novel fungicide compound, metyltetraprole, for the key European countries. Likewise, Solvay and PetroVietnam Camau Fertilizer Company signed a four-year agreement in February 2018 to launch AgRho® N-Dual Protect, an eco-friendly nitrogen-stabilizing compound.
The global agricultural adjuvants market is segmented as:
Global Agricultural Adjuvants Market: By Crop Type Segment Analysis
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
Global Agricultural Adjuvants Market: By Application Segment Analysis
Global Agricultural Adjuvants Market: By Adoption Stage Segment Analysis
Global Agricultural Adjuvants Market: By Formulation Type Segment Analysis
- Suspension Concentrates
- Emulsifiable Concentrators
Global Agricultural Adjuvants Market: Regional Segmentation Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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