PUBLISHER: DataM Intelligence | PRODUCT CODE: 1448038
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1448038
Overview
Global Agriculture Activator Adjuvants Market reached US$ 2.44 billion in 2022 and is expected to reach US$ 3.94 billion by 2030, growing with a CAGR of 6.2% during the forecast period 2023-2030.
Farmers are highly adding these agricultural activator adjuvants in pesticides, herbicides, and others as they help enhance the biological activity, and effectiveness of these products and improve their performance, also help in improving the uptake of these products by crops. Hence, such factors can help drive the global agriculture activator adjuvants market.
Furthermore, as the demand for these products is increasing, manufacturers are launching innovative products. For instance, in February 2020, Ingevity launched a new bio-based adjuvant product line AltaHance, which is designed for use in crop protection products to enhance the effectiveness of the agrochemical. Hence, such products can help in boosting the market growth.
The tank-mix adoption stage segment holds the maximum share in global agriculture activator adjuvants market. Similarly, Asia- Pacific region has a dominance in world market, as the region has around 427million hectares of agricultural land, hence, it can help in increasing the global agriculture activator adjuvants market.
Dynamics
Rising Demand For Sustainable Crop Protection Products
The rising demand for sustainable crop protection products is significantly driving the global agriculture activator adjuvants market, farmers are highly adopting these as a part of pesticides as they help in enhancing the product efficiency and uptake into the crops, which helps in reducing the over usage of synthetic products, hence, such factors can help in increasing the market growth.
Furthermore, manufacturing companies are launching high-quality products to expand their market sizes. For instance, In January 2021, Precision Laboratories launched Activo, a unique activator adjuvant formulated with a green pigment to optimize pesticide performance and turfgrass appearance. Activo provides increased pesticide performance, making it ideal for large acreage use with fungicides and plant growth regulators.
Increase in Demand for High Agriculture Productivity
The Demand for agriculture production is increasing, for instance, according to the National Horticulture Board, during 2021-22, India produced 107.24 million metric tonnes of fruits and 204.84 million metric tonnes of vegetables, hence, such high agriculture productivity can help increase the demand for agriculture activator adjuvants.
Furthermore, as the demand for high-yield productivity is increasing, farmers are highly adopting these activator adjuvants can help improve the penetration of active ingredients, and also reduce the surface tension of spray solutions, and allow uniform coverage to the crops. This can help in increasing crop productivity, hence, it can help in increasing market growth.
Regulatory Compliance
Regulatory compliance significantly affects the growth of the global agricultural activator adjuvants market. Regulatory bodies often set stringent standards for the use of agrochemicals, including adjuvants, to ensure human safety, environmental protection, and efficacy, and also obtaining the approvals could be difficult, which can hamper the market.
The global agriculture activator adjuvants market is segmented based on adoption stage, type, formulation, distribution channel, crop type, application, and region.
Increase in Demand for Effective Plant Nutrition
The tank-mix adoption stage segment holds the maximum share of global agriculture activator adjuvants, as these activator adjuvants are specifically designed to improve the performance of agrochemicals. When they are tank-mixed with pesticides or herbicides, they can enhance the efficacy of these products by improving coverage, adhesion, and penetration into plant tissues. This leads to better pest or weed control.
Furthermore, manufacturing companies are focusing on developing these products, for instance, in May 2023, BASF launched its tank-mix adjuvant, Agnique HP 450, which increases the effectiveness of fungicides and increases production. Hence, such products can help in increasing the market growth for agriculture activator adjuvants.
Presence of Vast Agricultural Land, and High Production Rates in Asia-Pacific
Asia-Pacific has been a dominant force in the global agriculture activator adjuvants market and its significant growth. As the presence of agricultural land, and the demand for agriculture productivity is high in this region, farmers are highly adopting these adjuvants as they enhance the effectiveness of pesticides, herbicides, and other agrochemicals. Hence, such factors can help in increasing the market growth in this region.
Furthermore, the presence of vast agricultural land in this region, for instance, according to the Department of Agriculture, Fisheries, and Forestry report of 2023, Australia has a presence of around 427 million hectares of agricultural land. Hence, such vast agricultural lands can help in increasing the adoption rate in this region.
Additionally, the region has high agriculture productivity rates, for instance, according to Agricultural & Processed Food Products Export Development Authority (APEDA) of India report, in India the production of major cereals like rice, maize, and Bajra stood at 102.36 million tons, 19.88 million tons and 9.23 million tons respectively. Hence, such high productivity can help in increasing the market growth.
The major global players in the market include Evonik, Croda International Plc, Solvay, CHS Inc., Nufarm, Stepan Company, Helena Agri-Enterprises, LLC, Brandt Consolidated, Inc., Innvictis Crop Care, LLC, and Miller Chemical & Fertilizer, LLC.
The pandemic has brought a disruption in the supply chain of agriculture activator adjuvants, as many country governments have imposed lockdown restrictions which have affected many manufacturing companies financially, this has affected the production rate, which caused a decline in the availability of products in the market.
The war has shown a negative impact on the global agriculture activator adjuvants market, as the Russia is largest producer of fertilizers, According to data from the industry association Fertilizers Europe, Russia, and Belarus provide as much as 60% of the EU's fertilizer supply. Hence, war has shown a negative impact on the global market.
The global agriculture activator adjuvants market report would provide approximately 86 tables, 83 figures, and 210 Pages.
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