According to the research report published by Polaris Market Research, the global agricultural adjuvants market was valued at USD 3.61 billion in 2021 and is expected to reach USD 5.74 billion by 2030, to grow at a CAGR of 5.4% during the forecast period.
Overview
Agricultural adjuvants are additives that can be used together with herbicides, insecticides, and fungicides to make them more effective. Adjuvants cannot be used on their own but they significantly enhance the activity of other crop protection products.
The market’s growth is anticipated topo be driven by increasing demand for effective insecticides globally. Additionally, growing pesticide utilization in agriculture to increase crop production and yield also drives the need for agricultural adjuvants.
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Agricultural Adjuvants Market: Growth Drivers
Rapidly growing population to push the market
The growing demand for food and beverages globally because of an increasing population is also a prominent factor for the agricultural adjuvants market. To meet the current demand for food, farmers are concentrating on growing the production and yield of the crops by using appropriate pesticides, which drive the market.
The demand for green adjuvant is anticipated to be high in the time to come. Growing concentration on health and wellness among consumers is one of the prominent factors for the growth of green adjuvants. Consumers are slowly gravitating towards organically produced foods in the US. Therefore, companies are focusing on advancing bio-based, eco-friendly adjuvants such as organo-modified siloxanes, modified vegetable oils, and methylated seed oil, among others.
Geographic Overview: Agricultural Adjuvants Market
Increasing farmer awareness to propel the market favorable for the North American region
The demand in North America is anticipated to witness significant market growth. The expanding importance of industrial and high-value crops, as well as increasing farmer awareness of the advantages of the adjuvants, are the factors that are predicted to expand the North American market for agricultural adjuvants.
Agricultural Adjuvants Market: Report Segmentation
Insight By Formulation
Emulsifiable Concentrates for crop protection to drive the market
Based on formulation, Emulsifiable Concentrates are one of the most often used crop protection formulations globally. Emulsifiable concentrates comprise one or more active pesticide components, a solvent, and an emulsifier system that permits the composition to be blended with water and create a stable emulsion.
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Key Players
Some of the major players operating in the global agricultural adjuvants market include Adjuvant Plus., Brandt, INC., BASF, Corteva Agriscience, Croda International, Clariant AG, Drexel Chemical, Evonik Industries, Garrco Products, Helena Agri-Enterprises, Innvictis Crop Care, Loveland Products Lamberti S.P.A, Nouryon, Nufarm, and Plant Health Technologies.
Recent Developments
In February 2021, Louisiana was acquired by Stepan Company. A fermentation plant in Lake Providence is a good match for the rhamnolipid-based bio-surfactant technology that Stepan bought from Logos Technologies.
Agricultural Adjuvants Market: By Crop Type Outlook
- Cereals & Grains
- Corn
- Wheat
- Rice
- Others
- Oilseeds & Pulses
- Soybean
- Others
- Fruits & Vegetables
- Others
Agricultural Adjuvants Market: By Function Outlook
- Activator Adjuvant
- Surfactant
- Oil-based adjuvant
- Utility Adjuvant
- Compatibility Agent
- Buffers/ Acidifiers
- Antifoam agents
- Drift Control agents
- Water conditioners
- Others
Agricultural Adjuvants Market: By Application Outlook
- Herbicides
- Fungicides
- Insecticides
Agricultural Adjuvants Market: By Formulation Outlook
- Suspension concentrate
- Emulsifiable concentrates
Agricultural Adjuvants Market: By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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