Agricultural adjuvants are active chemicals which improve effectiveness of various pesticides, herbicides, insecticides that are used to control plant diseases. Although a various kinds of adjuvants are on the market, their main purpose is to reduce the surface tension, improve the wetting action, and increase the penetration of the pesticide. Growing developments in the formulation and understanding of potential adjuvants have brought significant product developments of Agricultural Adjuvants in the market.
According to the new report Global Agricultural Adjuvants Market is valued at 2.92 USD Billion in 2019 and expected to reach USD 4.45 Billion by 2026 with the CAGR of 6.1% over the forecast period.
This report analyses the global market for Agricultural Adjuvants. The report will enable the user to understand and gain insights into the current and forecast market situation. The market is comprehensively analyzed by geography to give complete information on the global scenario. The qualitative and quantitative data provided in this study can help user understand which market segments, regions are expected to grow at higher rates, factors affecting the market and key opportunity areas. The report also includes competitive landscape of key players in the industry along with emerging trends in the market. This Agricultural Adjuvants market report provides insights on new trade regulations, import export analysis, industry value chain analysis, market size, consumption, production analysis, capacity analysis, regional and segment market share, product launches, product pipeline analysis, impact of Covid-19 on supply chain, key regions, untapped markets, patent analysis, product approvals, continuous innovations and developments in the market.
Asia Pacific dominates the global agricultural adjuvants market. Growth in the region was driven by factors such as growing agricultural sector, higher demand for agrochemicals and increase in awareness regarding the benefits of adjuvants in farming. The region is largest producer of agricultural commodities. China is one of the largest consumer and producer of agricultural adjuvants market in the world. Rising demand for agricultural adjuvants in domestic market, thriving agricultural sector manly rice and wheat production and emerging precision farming were the major driving factors for the growth in China. In 2019 China has become largest user of UAV’s for aerial pesticide application that can cover nearly 30 million hectors.
The global agricultural adjuvants market is driven by growing population, demand for quality crops, advancements in adjuvant formulations and growing awareness regarding the benefits of adjuvants in farming. Adjuvants are quietly helping to revolutionize the agrochemical business as they are the best tools for farmers to improve yield and quality of crop, facilitate the right dosage, and run-through environmentally friendly pest control. As per Population Reference Bureau statistics world population is expected to increase by 25% from current 7.8 billion in 2020 to reach 9.9 billion in 2050. The growing population will result in demand for more secure and reliable food crop production while adjusting to climate change and reduced arable land. The demand for agricultural adjuvants will witness sharp growth owing to growing adoption of agricultural adjuvants in developing countries, new adjuvant formulations with higher efficiencies and promising government initiatives for farming sectors in Asia Pacific and Latin America. Stringent government regulations are restraining the growth of market. Improvements in agricultural adjuvants application technologies, such as drones are changing the way crop protection products are applied. Novel synergistic formulations based on chemical and biological substances will offer several growth opportunities in forecast period.
Market Segmentation •Crop Type oCereals & Grains(Corn, Wheat, Rice) oOilseeds & Pulses oFruits & Vegetables •Function oActivator Adjuvant oUtility Adjuvant oAdoption Stage oIn-formulation oTank-mix •Formulation oSuspension concentrates oEmulsifiable concentrates •Application oHerbicides oFungicides oInsecticides Report Coverage •An overview of the global Agricultural Adjuvants market •In depth analysis of market dynamics and major factors such as drivers, restraints, opportunities and trends influencing the global market •Global Agricultural Adjuvants market revenue data historic and forecast analysis (2016 to 2026) •Characterization and quantification of the market segments for Agricultural Adjuvants market •Market share analysis of key market participants and their competitive landscape Important Questions Answered by Global Agricultural Adjuvants Market Report •What is the impact of COVID 19 epidemic on the global Agricultural Adjuvants market? •Which is mostly affected region, country? •Which is the current largest and fastest-growing region? •What is the market size and growth rate of the global Agricultural Adjuvants market? •What are current factors affecting the growth of market? •What are Key trends and opportunity areas? •Within Agricultural Adjuvants market, which segments are fastest growing & emerging strongly? What are the drivers and restraints for each segment? What are vendor competencies by segment? •What are the major strategies adopted by leading market companies? •What are company challenges and essential success factors by marketsegment? •How company offerings and supply chain capabilitiesare shifting to meetemerging market needs?