Global Agricultural Adjuvants Market

Agricultural Adjuvants Market Size, Share, Growth Analysis, By Formulation(Suspension Concentrate), By Adoption Stage(In-Formulation, Tank-Mix), By Function(Activator Adjuvants (Surfactants, Oil-based Adjuvants)), By Application(Insecticides, Herbicides), By Crop Type(Cereals & Grains (Corn, Wheat)), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15C2038 | Region: Global | Published Date: July, 2024
Pages: 157 | Tables: 153 | Figures: 78

Agricultural Adjuvants Market Regional Insights

In 2021, North America is expected to have the biggest share of the 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 this industry in the region.

Further, attributing to the rising crop protection chemicals market, 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 global market in these two regions.

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Global Agricultural Adjuvants Market size was valued at USD 3.52 billion in 2022 and is poised to grow from USD 3.7 billion in 2023 to USD 5.56 billion by 2031, growing at a CAGR of 5.2% in the forecast period (2024-2031).

The market 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. 'Corteva Agriscience', 'Evonik Industries AG', 'Croda International PIc', 'Nufarm Limited', 'Solvay SA', 'BASF SE', 'Huntsman International LLC.', 'Clariant AG', 'Helena Agri-Enterprises, LLC', 'Stepan Company', 'Adjuvants Plus', 'Wilbur-Ellis Agribusiness', 'INNVICTIS', 'CHS Inc.', 'WinField United', 'Akzo Nobel N.V.', 'Dow Chemical Company'

The majority of adjuvants used in crop protection chemicals are generated mostly from petroleum or other hazardous chemical sources. Excessive usage of such chemically generated adjuvants in pesticides has an impact on the environment, crop nutritional content and quality, and human health. As a result, government officials and chemical manufacturers have changed their emphasis to environmentally benign and sustainable goods. This tendency would result in a greater demand for naturally derived products that represent a negligible damage to the environment, as opposed to conventional petroleum-derived products, which are hazardous and can cause bioaccumulation within the ecosystem. Thus, the market is driven by increasing demand for green adjuvants and growing focus on health and consumption of organically produced food.

Increasing research and development to advance technical advancement in crop adjuvant application. Unmanned Surface Vehicles (UAV) such as drones have grown in popularity in recent years because to the high level of precision, economy, convenience, and safety connected with them. Key market participants are releasing new items to meet the growing demand for such products among farmers worldwide.

In 2021, North America is expected to have the biggest share of the 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 this industry in the region.

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Global Agricultural Adjuvants Market

Report ID: SQMIG15C2038

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