An agricultural adjuvant is a substance that improves the effectiveness of pesticides, such as herbicides, fungicides, and insecticides, used to eliminate or control unwanted pests. Similar to medical adjuvants, agricultural adjuvants do not directly eliminate or control pests themselves. Instead, they modify specific properties of the spray solution, enabling the pesticides to better target, protect, or penetrate the organisms being treated. These additives play a vital role in enhancing the overall performance and efficiency of pesticide applications in agricultural practices.
According to Data Bridge Market Research the Agricultural Adjuvants Market accounted for USD 3.70 billion in 2022, and expected to reach USD 5.94 billion by 2030. The market is expected to grow with a CAGR of 6.10% in the forecast period of 2023 to 2030.
“Increasing demand for agrochemicals”
The agricultural adjuvants market is experiencing significant growth driven by the increasing demand for agrochemicals. Agrochemicals encompass pesticides, fertilizers, and plant-growth hormones used in agriculture. Agricultural adjuvants act as additives that enhance the effectiveness of agrochemicals. For instance, in 2021, global nitrogen demand in fertilizers witnessed a substantial increase of 4.3 Mt, reaching 110.0 Mt, as reported by the International Fertilizer Association. This surge in agrochemical demand is a key factor fuelling the growth of the agricultural adjuvants market.
What restraints the growth of agricultural adjuvants market?
“Stringent regulations associated with agricultural adjuvants”
Stringent regulations imposed by authorities in different countries are a significant hindrance to the growth of the agricultural adjuvants market. For example, in Brazil, adjuvants were previously regulated under the same laws as agrichemicals, following Law 7,802 and Decree 4,074. However, in 2017, the Ministry of Agriculture, Livestock, and Supply (MAPA) specifically addressed the regulations concerning agricultural adjuvants in Brazil. These regulatory complexities pose challenges and restrain the market's expansion.
Segmentation: Global Agricultural Adjuvants Market
The agricultural adjuvants market is segmented on the basis of function, chemical group, crop type, application, formulation and adoption.
- On the basis of function, the agricultural adjuvants market is segmented into activator, utility.
- On the basis of chemical group, the agricultural adjuvants market is segmented into alkoxylates, sulfonates, organosilicones, others.
- On the basis of crop type, the agricultural adjuvants market is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables, others.
- On the basis of application, the agricultural adjuvants market is segmented into insecticides, fungicides, herbicides, others.
- On the basis of formulation, the agricultural adjuvants market is segmented into suspension concentrates and emulsifiable concentrates.
- On the basis of adoption, the agricultural adjuvants market is segmented into in-formulation, tank-mix.
Regional Insights: North America Dominates the Agricultural Adjuvants Market
North America dominates the agricultural adjuvants market owing to the continuous reduction in the arable land within the region. Furthermore, increasing demand for standard-quality food will further boost the growth of the agricultural adjuvants market.
Asia-Pacific is anticipated to be the fastest-growing region in the agricultural adjuvants market during the forecast period of 2023-2030 due to the growing demand for improved varieties of crops in this region. Moreover, the presence of countries with vast arable lands and increasing populations are some other factors that will further increase the market growth.
To know more about the study visit, https://www.databridgemarketresearch.com/ko/reports/global-agricultural-adjuvants-market
Recent Developments
- In 2022: Lamberti SPA acquired Turftech International, a leading company involved in selling and developing special surfactants for applications in turf and horticulture. The company is expanding its market share and product portfolio in the region through this acquisition.
- In 2022, Helena Enterprises LLC (U.S.) launched a new pest management technology. The Protecta technique, which relies on expert analysis, meticulous design, and confirmed results, promises to develop pesticides differently. Protecta's pesticides have reliable and well-balanced formulations. They enhance disease and pest control and improve handling, solubility, and administration.
The Prominent Key Players Operating in the Agricultural Adjuvants Market Include:
- Clariant AG (Switzerland)
- Solvay (Belgium)
- Corteva (U.S.)
- Dow (U.S.)
- Huntsman International LLC (U.S.)
- Evonik Industries AG (Germany)
- Ingevity (U.S.)
- Nufarm Canada (Canada)
- Croda International Plc (U.K.)
- BASF SE (Germany)
- Stepan Company (U.S.)
- Miller Chemical & Fertilizer, LLC (U.S.)
- Lamberti S.p.A., (Italy)
- Momentive (U.S.)
- Syngenta (Switzerland)
- Nouryon (Netherland)
- Loveland Products, Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of agricultural adjuvants market companies contact, https://www.databridgemarketresearch.com/ko/contact
Research Methodology: Global Agricultural Adjuvants Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, North Americavs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
