The global agricultural adjuvants market size is expected to reach USD 5.74 billion by 2030, according to a new study by Polaris Market Research. The report “Agricultural Adjuvants Market Share, Size, Trends, Industry Analysis Report, By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others); By Function; By Application; By Formulation; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The continuous decline in agricultural land, fast-expanding population, and increased demand for acceptable quality food account for the majority of this region’s contribution. A major driver driving the market is the rising demand for food and drinks around the world as a result of the world’s expanding population.
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Farmers are concentrating on boosting crop output and yield by applying appropriate pesticides to fulfill the requirement for food, which is driving the industry. Because they are composed of chemicals and petrochemicals, they may go through a variety of chemical reactions during manufacture, releasing harmful fumes and wastes. These can be useful to the crop, but they can also be detrimental when consumed.
Further, this high-performance adjuvant allows regular pesticides to be applied in small drone tanks with little quantity. Unmanned Surface Vehicles (UAVs), such as drones, have recently become very popular because of the high level of precision, cost-effectiveness, simplicity, and safety connected with them.
Key market participants are introducing new items to meet the increasing demands for such products among farmers around the world. For instance, in April 2022, Clariant announced the launch of DropForward, a focused approach to a precise application using co-formulants.
The use of agricultural adjuvants for diverse crop kinds is directly related to the use of pesticides. Pesticide consumption by a crop is shaped by a multitude of factors, such as the type of insect infesting the crop, the cropping cycle, the number of pesticide applications made during the growth period, and the weather. Fresh fruits and vegetables, cereals and grains, and oilseeds and pulses all saw considerable increases in prices in recent years. Over the forecast timeframe, these market developments are expected to boost demand for agricultural adjuvants.
Agricultural Adjuvants Market Report Highlights
- Insecticide segment is expected to grow at a significant CAGR rate. The increased demand for diverse crops such as cereals, grains, fruits, and vegetables, among others, can be ascribed to this rise. In several crops, they are useful in preventing early germination pest assaults.
- Activator adjuvants segment is expected to account for a significant share. They are widely employed in agrochemicals since they are readily available and inexpensive when compared to utility agricultural adjuvants. Surfactants (non-ionic, cationic, and anionic) and oil carriers are among the activator adjuvants.
- The market in North America retained the highest proportion. This is due in large part to a large number of local manufacturers, as well as a diverse product offer, customer satisfaction, and regulatory support for adjuvant producers and allied agricultural firms.
- The global market is highly competitive owing to the existence of large market players with a global presence including Adjuvant Plus Inc., Brandt, INC., Plant Health Technologies Wilbur-Ellis Company, Plant Health Technologies
Polaris Market Research has segmented the Agricultural Adjuvants market report based on crop type, function, application, formulation, and region:
Agricultural Adjuvants, Crop Type Outlook (Revenue – USD Billion, 2018 – 2030)
- Cereals & Grains
- Corn
- Wheat
- Rice
- Others
- Oilseeds & Pulses
- Soybean
- Others
- Fruits & Vegetables
- Others
Agricultural Adjuvants, Function Outlook (Revenue – USD Billion, 2018 – 2030)
- Activator Adjuvant
- Surfactant
- Oil-based adjuvant
- Utility Adjuvant
- Compatibility Agent
- Buffers/ Acidifiers
- Antifoam agents
- Drift Control agents
- Water conditioners
- Others
Agricultural Adjuvants, Application Outlook (Revenue – USD Billion, 2018 – 2030)
- Herbicides
- Fungicides
- Insecticides
Agricultural Adjuvants, Formulation Outlook (Revenue – USD Billion, 2018 – 2030)
- Suspension concentrates
- Emulsifiable concentrates
Agricultural Adjuvants, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
- North America
- U.S
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa