The agricultural adjuvant is a compound added to enhance the properties and performance of a pesticide formulation. These are added to insecticides, herbicides, fungicides, and other pesticide formulations. Agricultural adjuvants are gaining popularity because of the rising usage of herbicides, insecticides, and fungicides to facilitate their utility and function. Large and growing population, limited arable land, low farm yields, inadequate water, poor resource management, environmental and soil degradation, and infrastructure inadequacy result in limited production. Besides, growing insects and fungus attacks cause significant crop loss. As a result, farmers making increasing use of insecticides, pesticides, herbicides, and other agrochemicals to suppress fungus, pest, and weed plants, eventually create demand for adjuvants. The demand is also set to fuel with rising awareness among farmers regarding the benefits of agrochemicals, the advent of advanced farming equipment, increasing focus to expand the agricultural growth, and growing adoption of advanced farming practices.
The global demand for agricultural adjuvants market was valued at 3515.24 USD MN in 2022 and is expected to generate revenue of 6208.96 USD MN in 2030, growing at a CAGR of 7.37% between 2023 and 2030. The global agricultural adjuvants stood at around 846.5 Kilo Tons in 2022 and is expected to reach 1,139.7 Kilo Tons in 2030, growing at a CAGR of around 4.34% between 2023 and 2030.
ACTIVATOR ADJUVANTS DOMINATED THE SEGMENT
On the basis of function, activator adjuvants emerged as the leading segment in 2018. Rising adoption of activator adjuvants in postemergence herbicides to increase crop yield, boost adjuvant absorption in plant cell and reduce photodegradation of herbicides is driving the segment growth.
ALKOXYLATES LED THE CHEMICAL SEGMENT
In 2018, alkoxylates dominated the chemical segment by accounting highest market share. Rising demand of alkoxylates especially alcohol-based derivatives to treat broadleaf weeds is driving the segment demand.
IN-FORMULATION GRABBED HIGHEST MARKET SHARE
By formulation, In-formulation led the segment by accounting highest market share in 2018. In-formulation provides advantages such as ease in application, least chances of improper mixing and relatively cheaper is driving the segment growth.
HERBICIDES EMERGED AS THE LEADING APPLICATION SEGMENT
By application, herbicide dominated the segment and has accounted for maximum market share. Rising demand of herbicides to suppress the growth of weed plants by maximizing crop yield, improving crop nutrient and controlling soil erosion is driving the segment growth. The growing demand of herbicides for the cultivation of cereals & grains, fruits & vegetables, and oilseeds & pulses is again boosting its growth.
NORTH AMERICA LED THE REGIONAL MARKET
Presence of major players such as DuPont, Huntsman Corporation, Helena Chemical, etc. is driving the regional market growth. Also, rising farm expenditure along with increasing adoption of precision farming has generated high demand of agricultural adjuvants in North America.
MAJOR PLAYERS OF THE MARKET
Global agricultural adjuvants market is fragmented and competitive. BASF SE, Clariant AG, Akzo Nobel N.V., Huntsman Corporation, Helena Agri-Enterprises, Stepan Company, DowDuPont, Wilbur-Ellis, Drexel Chemical, Nufarm, Other. are key players associated with the agricultural adjuvants market. To remain competitive and profitable, companies are investing in new technologies and new product formulation.
Global Agricultural Adjuvants Market Overview
However, low awareness about the usage and application of agricultural adjuvants to enhance the efficacy of agrochemical or pesticides is restraining the agricultural adjuvants market growth. Many farmers in emerging economies have low or no information on agricultural adjuvants and their advantages. Various bodies associated with the agriculture sector with government support educate farmers and bring awareness regarding the use of agricultural adjuvants, creating opportunities for new volume calls.
In this research report, the agricultural adjuvants market is segmented by crop type, function, application, and region.
Analysis, By Crop Type
By crop type, the market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. Cereals and grains grabbed the maximum share in the overall agricultural adjuvants market. The growing demand for cereals and grains with rapidly expanding population, robust cultivation of cereals and grains worldwide, growing insects and fungus attack on cereals and grains crops, and escalating need for crop protection chemicals. The oilseeds & pulses and fruits & vegetable segment are also growing substantially with growing cultivation and rising awareness about the benefits of adjuvants.
Analysis, By Function
By function, the market is divided into activator adjuvant and utility adjuvant. The activator adjuvants held a significant chunk in the global agricultural adjuvants market in 2020 and are expected to witness rapid growth during the forecast period due to their ability to reduce surface tension to increase the contact area and rain fastness, increase solubilization, and spray retention. Utility adjuvant is also projected to grow due to its feature to reduce the spray solution that moves off-target and reduces or increases spray solution pH.
Analysis, By Application
By application, the market is divided into herbicides, fungicides, and insecticides. Herbicides acquired a two-thirds share of the global agricultural adjuvant market. Adjuvants act as an activator rather than modifier in herbicides. Adjuvants improve herbicide performance by altering the herbicide solution to facilitate more thorough and even coverage on the plant surface, increase herbicide penetration through the plant, enhance absorption or translocation of the herbicide's active ingredient, and minimize any problems associated with spray solution.
Analysis, By Region
Based on region, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America region is leading the global agricultural adjuvants market, followed by the Asia Pacific and Europe. Factors such as rapidly growing population, shrinking arable land, and increasing demand for good quality food drive regional demand. The Asia Pacific is estimated to expand at the fastest rate. Asia Pacific region will grow in size and scope to meet the increasing population demand, national policies, rising organizational capabilities, and integration and consolidation throughout the value and supply chains. The Asia Pacific consists of developing countries with enormous agricultural lands; the region's per capita income depends on agricultural activities. Agricultural technologies are widely accepted and practiced in this region. Growing awareness among farmers and easy accessibility is estimated to swell market growth.
Market Segmentation covered in the Report:
By Type
- Activator Adjuvants
- Utility Adjuvants
By Application
- Herbicides
- Insecticides
- Fungicides
- Others
By Crop
- Cereals
- Oilseeds
- Fruits & Vegetables
- Other Crops
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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