USD 3.52 billion
Report ID:
SQMIG15C2038 |
Region:
Global |
Published Date: November, 2024
Pages:
157
|Tables:
153
|Figures:
78
Agricultural Adjuvants Market size was valued at USD 3.7 Billion in 2023 and is poised to grow from USD 3.89 Billion in 2024 to USD 5.85 Billion by 2032, growing at a CAGR of 5.2% during the forecast period (2025-2032).
Adjuvants increase the penetration of active chemicals in pesticides into plant leaves, enhancing their efficiency. In turn, this lowers the number of active substances needed to make pesticides, which lowers the price of pesticides. Agricultural adjuvants must be safe to use and reduce the environmental impact of washed-off foliar-sprayed insecticides because they fall under regulatory oversight. These are the main elements influencing the market. The global agricultural adjuvants market is also being driven by rising demand for crop protection chemicals. In the last decade, there has been a greater emphasis on the potential environmental consequences of excessive pesticide use. This element is increasing demand for agricultural adjuvants and, as a result, market revenue. The drift of spray drops during crop protection chemical application (due to meteorological circumstances, application technology, and physical and chemical properties of pesticides) has contaminated water bodies in diverse places. This has upsurged the demand for agricultural adjuvants, which, thereby has contributed to the agricultural adjuvants market growth.
US Agricultural Adjuvants Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3.52 billion
Largest Segment
Tank-Mix
Fastest Growth
Tank-Mix
Growth Rate
5.2% CAGR
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Agricultural Adjuvants Market is segmented by Formulation, by Adoption Stage, by Function, by Crop Type, by Application and by Region. Based on Formulation, the market is segmented into Suspension Concentrates, Emulsifiable Concentrates. Based on Adoption Stage , the market is segmented into In-Formulation, Tank Mix. Based on function, the market is segmented into Activator Adjuvants, Utility Adjuvants. Based on Crop Type, the market is segmented into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Other Crop Types. Based on application, the market is segmented into Herbicides, Insecticides, Fungicides, and Other Applications. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Agricultural Adjuvants Market Analysis by Adoption Stage
Based on the adoption stage, the market is segmented into in-formulation, tank-mix. Among these, the tank-mix segment of the market is projected to hold the most substantial agricultural adjuvants market share. The ease of use and lower capital investment by farmers in these products are critical considerations that enhance farmer acceptance of in-formulation adjuvants. Farmers in underdeveloped countries like India, China, Thailand, and other Asian and African countries save money on tank-mix adjuvants. As a result, pesticide makers in these countries create insecticides that are pre-mixed with adjuvants, primarily surfactants. However, as the research of various adjuvants continues, manufacturers are investing in the creation of novel tank-mix solutions for industrialized countries. As a result, the tank-mix segment is expected to be the fastest-growing in the future years.
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In 2023, North America is expected to have the biggest share of the agricultural adjuvants market. The importance of industrial and high-value crops is increasing, and farmers are becoming more aware of the advantages of adjuvants, two factors that are predicted to improve market potential. Additionally, it is anticipated that continuous R&D efforts on improved and effective adjuvant treatments will expand the market's potential for expansion. Adjuvant usage is encouraged by government regulations enacted by European nations toward sustainable farming methods, which is a major factor fueling the expansion of agricultural adjuvants industry in the region.
Further, attributing to the rising crop protection chemicals market growth in South America and Asia Pacific is expected to be significant. Furthermore, increased crop producer awareness of the benefits of adjuvants with spray chemicals is another driver driving the agricultural adjuvants market in these two regions.
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Agricultural Adjuvants Market Drivers
Agricultural Adjuvants Market Restraints
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The agricultural adjuvants industry is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
Agricultural Adjuvants Market Top Player’s Company Profiles
Agricultural Adjuvants Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the Global Agricultural Adjuvants market is segmented based on formulation, adoption stage, function, application, crop type, region. Based on the formulation, the suspension concentrate segment held a significant market share. Based on the adoption stage, tank-mix held a significant market share. Based on the function, activator adjuvants held a significant market share. Based on the application, herbicides held a significant market share. Based on the crop type, cereals & grains held a significant market share. Based on the region, North America and Asia-Pacific held a significant market share.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 3.52 billion |
Market size value in 2031 | USD 5.56 billion |
Growth Rate | 5.2% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Agricultural Adjuvants Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Agricultural Adjuvants Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Agricultural Adjuvants Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Agricultural Adjuvants Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15C2038
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