Agricultural Adjuvants Market – Overview
Change in farming practices and technology is boosting the growth of Agricultural Adjuvants Market worldwide. Wide product availability and continuous innovations by the key players to launch new adjuvants is adding fuel to the growth of the market. Market Research Future, a firm which specializes in market reports related to the Foods, Beverages & Nutrition sector among others, recently forecasted in its report “Global Agricultural Adjuvants Market Research Report- Forecast to 2023” that the market will demonstrate an exceptional CAGR % while achieving good growth rapidly in the forecast period.
Agricultural adjuvants help in enhancing the effectiveness of pesticide’s products which in turn improves fertility, crop protection, and plant growth regulation. Increasing population and growing demand for food have led to high agricultural productivity which is driving the growth of the agricultural adjuvants market. Additionally, growing demand for agrochemicals in the agriculture sector globally is driving the growth of agricultural adjuvants market.
Moreover, growing acceptance of modern farming practices is adding fuel to the growth of agricultural adjuvants market. The major players are investing in research and development in order to improving the efficiency of agricultural adjuvants, which is further improving the growth of global agricultural adjuvants market. Likewise, bio-based agricultural adjuvants have an extraordinary opportunity for this market. However, the non-defined regulatory laws are expected to harm the environment, which is likely to hamper the growth of the market.
Global Agricultural Adjuvants Market – Key Players
The key players profiled in Global Agricultural Adjuvants Market report are-
- Evonik Industries AG (Germany)
- AkzoNobel N.V. (the Netherlands)
- Nufarm Ltd (Australia)
- Dow Corning Corp. (U.S.)
- Croda International PLC (UK)
- Clariant International Ltd (Switzerland)
- Adjuvant Plus Inc. (Canada)
- Helena Chemical (U.S.)
- Solvay (Belgium)
- Huntsman Corp. (U.S.)
Global Agricultural Adjuvants Market – Competitive Analysis
The major industry players involved in the manufacturing process of agricultural adjuvants have been experimenting in the market with various developments among the different varieties of products. The companies operational in this segment are highly focused to cover a significant market share to mark themselves different within the market. Moreover, a high level of competition is observed among the top market players to differentiate their products from other established players operational in this industry.
Global Agricultural Adjuvants Market – Segments
The Global Agricultural Adjuvants Market has been divided into type, crop type, application, and region.
On the Basis of Type: Activator Adjuvants, and Utility Adjuvants
On the Basis of Crop Type: Grains & Cereals, Oil Seeds & Pulses, Fruits & Vegetables, and Others
On the Basis of Application: Herbicides, Insecticides, Fungicides, and Others
On the Basis of Region: North America, Europe, Asia Pacific, and ROW
Global Agricultural Adjuvants Market – Regional Analysis
The Global Agricultural Adjuvants Market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is accounted to hold the highest share of agricultural adjuvants. Europe is estimated to have a moderate expansion in the market share of agricultural adjuvants over the estimated period. Additionally, the Asia Pacific region is also witnessing an exponential growth in the agricultural adjuvants market. India and China are found to be the largest countries in terms of population; these countries are majorly contributing to the growth of agricultural adjuvants in this region. Latin America is anticipated to gain a moderate growth rate over the estimated period.
Latest Industry News
- Monsanto Company has collaborated with Adjuvants Unlimited, LLC to develop an agricultural sprayer system cleaner that has been designed to deactivate dicamba.
- Sapec Agro Business acquired the French company SDP, through its subsidiary Tradecorp. Tradecorp is Sapec’s specialty crop nutrition division. SDP’s adjuvants are expected to enhance the Sapec Agro Business global portfolio.