The report “Agricultural Adjuvants Market by Function (Activator and Utility), Application (Herbicides, Insecticides, and Fungicides), Formulation (Suspension Concentrates and Emulsifiable Concentrates), Adoption Stage, Crop Type, and Region – Global Forecast 2026″, is estimated to be valued at USD 3.3 billion in 2019 and is expected to reach a value of USD 4.7 billion by 2026, growing at a CAGR of 5.3% during the forecast period. Factors such as the rising demand for improved crop varieties is driving the growth of the agricultural adjuvants market.
Report Objectives
- To define, segment, and project the global market size of the agricultural adjuvants market.
- To understand the agricultural adjuvants market by identifying its various subsegments
- To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To analyze the micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market
- To project the size of the market and its submarkets, in terms of value, with respect to the regions (along with their respective key countries)
- To profile key players and comprehensively analyze their core competencies
- To understand the competitive landscape and identify major growth strategies adopted by players across key regions
- To analyze the competitive developments such as expansions & investments, mergers & acquisitions, new product launches, partnerships, joint ventures, collaborations, divestments, disinvestments, and agreements
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Adjuvants for biological products
Adjuvants are mostly added to synthetic pesticides to improve their performance. However, these adjuvants undergo strict regulations and require high investment for production. Hence, there is a need to develop adjuvants that can be used in biological products such as biopesticides and biostimulants.
Adjuvant manufacturing companies are constantly adapting to the changing demands by developing novel products and technologies. With the increasing awareness of eco-friendly and sustainable products, the necessity to develop adjuvants that can be compatible with biological products has been increasingly realized. Sustainable and non-oil adjuvants are required to maintain the viability and pesticidal efficiency of agricultural biologicals such as biostimulants and biofertilizers.
By application, the herbicide segment is projected to dominate the agricultural adjuvants market during the forecast period.
The herbicide segment is projected to hold the largest market share in the agricultural adjuvants market during the forecast period as according to industry experts from prominent seed manufacturers, disease resistance and herbicide tolerance are traits that have been on demand, owing to the increasing instances of early germination pest attacks and regulations against cop protection chemicals. Cereals & grains accounted for the largest consumption of herbicides in North America and Asia Pacific, owing to the high cultivation of corn and wheat in countries such as the US and China.
By adoption stage, the tank-mix segment is projected to dominate the agricultural adjuvants market during the forecast period.
Tank mix adjuvants are added to the farmer’s tank together with the pesticide for improving the performance of the active ingredients, along with mitigating the negative effects such as drift and bouncing. Tank mix adjuvants are added to the pesticides on the field by the crop growers before applying them over the crops. Tank mix adjuvants help in increasing the overall performance of the plant protection products. Adjuvants that are tank-mixed are mostly added to affect the efficacy of pesticides and are defined by the direct effect that they have on the crop-pesticide interaction.
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Asia Pacific is projected to grow at the highest CAGR during the forecast period
The market for agricultural adjuvants in the Asia Pacific region is expected to grow at the highest CAGR from 2019 to 2026, owing to the increasing investments by key players in countries such as China, India, and Thailand, and also the rising adoption of adjuvant technology by the crop growers for insecticide applications. Due to these factors, the market in the Asia Pacific region is projected to record the highest growth from 2019 to 2026.
This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the agricultural adjuvants market. It includes the profiles of leading companies such as Miller Chemical and Fertilizer, LLC (US), Precision Laboratories (US), CHS Inc (US), Winfield United (US), Kalo Inc. (US), Nouryon (Netherlands), Corteva Inc. (US), Evonik Industries (Germany), Nufarm (Australia), Croda International (UK), Solvay (Belgium), BASF (Germany), Huntsman Corporation (US), Clariant (US), Helena Agri-Enterprises (US), Stepan Company (US), Wilbur-Ellis Company (US), Brandt (US), Plant Health Technologies (US), and Innvictis Crop Care (US).
