Agricultural Adjuvants Market Forecasts to 2030 - Global Analysis By Product Type, Crop Type, Utilization Type, Formulation, Chemical Group, Application and By Geography

According to Stratistics MRC, the Global Agricultural Adjuvants Market is accounted for $4.2 billion in 2023 and is expected to reach $7.1 billion by 2030 growing at a CAGR of 7.7% during the forecast period. An agricultural adjuvant is a compound that improves the effectiveness of pesticides, such as herbicides, fungicides, insecticides, and many more substances that get rid of or manage unwanted pests. Agriculture adjuvants work in a similar manner to medical adjuvants in that they do not immediately manage or eradicate pests. These additives instead allow the pesticides to target, protect, or penetrate the organism by transforming a particular property of the spray solution.

According to Pesticide Action Network Europe (PAN Europe), 7% of the groundwater stations in European countries reported excessive levels for one or more pesticides.

Market Dynamics:

Driver:

• Increasing the usage of sustainable and natural adjuvants.

• As environmental and health concerns grow, there is a rising demand for eco-friendly and biodegradable solutions in agriculture. Sustainable and natural adjuvants, derived from plant extracts, oils, or other renewable sources, offer effective and safe alternatives to traditional chemical adjuvants. They enhance the performance of agrochemicals, such as pesticides and herbicides, while reducing their environmental impact and potential risks to human health. Farmers are increasingly adopting these natural adjuvants to support sustainable farming practices, leading to their prominence and growth in the agricultural adjuvants market.

Restraint:

• Agricultural adjuvants are subject to strict restrictions.

• The Federal Insecticide, Fungicide, and Rodenticides Act (FIFRA) regulate agricultural adjuvants, and the Environmental Protection Agency (EPA) is in charge of this. To guarantee that adjuvants are safe for both human health and the environment, FIFRA mandates that they be registered with the EPA before being marketed or used in the US. All agricultural adjuvants used in combination with insecticides approved for use on food have limits specified by the EPA. Another regulatory agency is REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals), which grants EU approval for organic adjuvant products.

Opportunity:

• Using precision farming methods.

• Precision farming involves the use of advanced technologies, such as GPS, sensors, drones, and data analytics, to optimize agricultural practices. By implementing precision farming, farmers can precisely target and apply adjuvants and agrochemicals, leading to efficient and effective usage. This not only maximizes the benefits of adjuvants but also minimizes waste and environmental impact. As the adoption of precision farming increases globally, there is a growing need for specialized adjuvants that can complement and enhance the performance of precision farming techniques, creating a promising market opportunity for innovative and targeted adjuvant solutions.

Threat:

• Cost of agricultural plantations rising.

• Farmers may run into financial difficulties when estimating additional costs for adjuvants due to rising input costs for things like seeds, fertilizer, and agrochemicals. The increased operating expenses may prevent farmers from using adjuvants as much or force them to choose less expensive options, which would have an impact on market expansion. Adjuvant producers must concentrate on providing efficient, cost-effective solutions that clearly show value and advantages to farmers in order to combat this challenge. This problem might also be solved by teaching farmers about the long-term advantages of adjuvants for increasing crop yields and lowering total input expenditures.

COVID-19 Impact:

• The coronavirus has had prior negative impacts on the world and will continue to do so in 2020, which will affect the need for agrochemicals. The downward pressure on the world economy has once again increased, after first showing hints of recovery. The viral pandemic has made the already fragile state of the global economy much more perilous. According to several international organizations, the current situation of the world economy is the most challenging since the financial crisis, which is preventing the market for agricultural adjuvants from expanding in the midst of the COVID-19 epidemic.

• The activator adjuvants segment is expected to be the largest during the forecast period

• It is anticipated that the segment for activator adjuvants would increase profitably. This expansion is related to the fact that agrochemicals demonstrate improved penetration and absorption rates when used with an activator adjuvant, which enables them to provide better control over pests, weeds, and diseases. Chemical chemicals called activator adjuvants improve the performance of a crop protection product. For example, herbicides can penetrate undesirable plants and weeds and destroy them; but, when activator adjuvants are added to herbicides, the herbicides can enter the weed more easily.

• The herbicides segment is expected to have the highest CAGR during the forecast period

• The herbicides segment is anticipated to witness the fastest CAGR growth during the forecast period. An Herbicide adjuvant is a type of additive that is intended to improve the overall effectiveness of an herbicide. However, the addition of adjuvants is not required with some herbicides, and some herbicides need the addition of adjuvants to enhance their performance. Herbicide products available on the market have labels attached to them that disclose the use of adjuvants with the product. Most of the adjuvants available on the market are designed and proven to help herbicides stick, cover, and penetrate the leaves, reaching the target area effectively.

Region with largest share:

During the forecast period, it is expected that the North America Agricultural Adjuvants market will continue to hold a majority of the market share. Due to its proficient agricultural techniques and widespread acceptance of contemporary technology, the demand for efficient adjuvants is driven by the region's extensive agricultural, diversified crop production, and emphasis on increasing yields. Additionally, the use of eco-friendly adjuvants is encouraged by the severe restrictions on the use of chemicals and the growing emphasis on sustainable agriculture in this region boosting the market growth.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, adoption of agricultural adjuvants is driven by the region's rising food demand and the need to increase crop yield. The market is further boosted by elements including growing farm mechanization, changing farming techniques, and government backing for contemporary agriculture technology. The need for eco-friendly adjuvants is also driven by growing public knowledge of environmentally friendly farming methods and environmental issues. As a result, both local and international manufacturers are focusing on expanding their presence in the Asia Pacific market, making it a significant player in the global agricultural adjuvants industry.

Key players in the market:

Some of the key players in Agricultural Adjuvants market include: Helena Agri-Enterprises, LLC, Dow Croning, Clariant AG, Innvictis, Ingevity, Huntsman International LLC., Solvay SA, Precision Laboratories, LLC, Nufarm Limited, Croda International Plc, WinField Solutions LLC, Wilbur-Ellis Agribusiness, Stepan Company, Brandt Companies, Evonik Industries AG and Corteva Agriscience.

Key Developments:

• In July 2023, Evonik Industries AG launches the wound dressing epicite® balance onto the German market. The dressing is particularly suited and optimized for the treatment of chronic wounds with low to medium exudation, such as venous leg ulcers, arterial leg ulcers, diabetic foot ulcers, pressure ulcers and soft tissue lesions.

• In June 2023, Corteva Agriscience announced PowerCore® Enlist® Refuge Advanced® (RA) corn will be available for planting in the 2024 growing season in the U.S. and Canada.

• In June 2023, Croda International Plc announces global technical centre in Hyderabad. The investment is part of Croda's continuing commitment to develop high performance pharmaceutical ingredients and technologies for Life Sciences, reinforcing the company's Purpose to use Smart science to improve lives™.

Product Types Covered:

• Activator Adjuvants
• Utility Adjuvants
• Spray Adjuvants

Crop Types Covered:

• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Other Crop Types

Utilization Types Covered:

• Tank-mix Adjuvants
• In-can Adjuvants
• Other Utilization Types

Formulations Covered:

• Suspension Concentrates
• Emulsifiable Concentrates

Chemical Groups Covered:

• Alkoxylates
• Sulfonates
• Organo Silicones
• Other Chemical Groups

Applications Covered:

• Herbicides
• Pesticides
• Insecticides
• Fungicides
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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