Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3,128.5 million | USD 4,412.7 million | 5.9% | 2021 |
The agricultural adjuvants help to improve the efficiency of the agrochemicals in order to improve agricultural productivity. It also helps to control the pest attacks. They are majorly used to improve the effectiveness of the fungicides, herbicides, and other agents. The formulations in the agricultural adjuvants are in-formulation and tank-mix.
Increase in the population has increased the demand for crops, which indirectly has improved the demand for the agricultural adjuvants as this adjuvants help to improve crop production. In the past few years, the land availability for the agricultural purpose has largely decreased. This has led to the use of various process and technologies to produce more product in less space. The farmers are using various new technologies and are even making a higher investment in order to improve the crop yield. The cultivation land is been decreasing at a higher rate. For instance, in India, the arable land is decreasing at 30,000 ha per year. This decrease in the availability of land has increased the use of agricultural adjuvants. The farmers are now using advanced farming methods such as contract farming and commercial farming which has boosted the growth of agricultural adjuvants in the global market. Various other factors such as increased accessibility to innovative products and innovative practices have been contributing to the growth of the agricultural adjuvants market. However, stringent regulations to manufacture adjuvants will be acting as a restraining factor for the market. On the other hand, increasing research developments on innovative adjuvant products are expected to provide many opportunities for the key players working in the global agricultural adjuvants market.
The global agricultural adjuvants market can be fragmented based on function, chemical group, formulation, application, chemical group, and region. Based on function, the market is segmented into activator adjuvants and utility adjuvants. The activator adjuvants are segmented into surfactants and oil-based adjuvants. The surfactants are further segmented into non-ionic and ionic. The oil-based adjuvants are further segmented into vegetable oil and petroleum oil. The chemical group is segmented into sulfonates, alkoxylates, organosilicones, and others. The formulation is segmented into tank-mix and in-formulation. Application segment is divided into insecticides, fungicides, agricultural adjuvants, and others. The crop type is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. The cereals and grains are further segmented into corn, wheat, rice, and others. The oilseeds & pulses are further segmented into soybean and others.
Based on region, the market is segmented into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. North America has the most significant share of the agricultural adjuvants market in terms of volume during 2017. This can be attributed to the increased consumption rate and the use of advanced agricultural practices in the region. Europe agricultural adjuvants market is also likely to witness noteworthy growth during the predicted period.
Some of the major players operating in the global agricultural adjuvants market are Evonik Industries, Nufarm, Solvay, BASF, Huntsman Corporation, Clariant, Dowdupont, Stepan Company, Croda International, Helena Agri-Enterprises, and others.
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