The global agricultural adjuvant market is expected to reach market valuation of US$ 3.4 Bn in 2022, expanding at a healthy 6.2% CAGR over the forecast period.
Agricultural adjuvant reduces crop damage and increases production which is expected to spur demand in the market. FMI analysis indicates that the utility adjuvants are expected to account for nearly 3/5th of sales in the global market in 2022. These adjuvants are added to the spray solution in the tank to improve its spray mechanism and minimize the amount of spray solution that drifts off-target.
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Demand in the market is projected to increase at a 6.2% CAGR over the forecast period, in comparison with the 5.5% CAGR registered between 2017 and 2021.
The agricultural sector is going through a transition phase, where farmers are modernizing all the processes. Companies are investing heavily in research and development activities to improve crop yield to fulfil the surging demand for food. As a result, agricultural adjuvants are being adopted to improve the performance of pesticide sprayed on the crop to improve yield
Rising awareness regarding chemical pesticides that have harmful effects on the human body is expected to boost the sale of organic adjuvants which eradicate use of chemical formulations. Use of chemical preservatives adversely affects the soil quality and environment.
Manufacturers are focusing on improving the efficiency of agrochemicals to improve sales. Consumer’s inclination towards organic food products has increased in multitude. This, in turn, is expected to boost the sale of organic agriculture adjuvants during the assessment period.
How are Advancements in Adjuvant Technology Influencing Sales?
Increasing technological advancements in the adjuvants market are encouraging developments in the agriculture and crop protection market. Developments in biotechnology, advancement in farming practices and change in structuring of fertilizer companies are some factors propelling sales of agricultural adjuvants.
Manufacturers are focusing on developing formulations with new functions that mimic changes in crop protection formulations. Modernization of adjuvant technology that is more specific to certain crops is expected to boost the demand for agricultural adjuvant in the market.
Many regulations across several countries are also affecting the growth of the market. For instance, in the U.S., states of Washington and California need the adjuvants to be registered before sale.
The Council of Producers & Distributors of Agrotechnology (CPDA), an organization of inert (or other) ingredient and adjuvant manufacturers certifies adjuvants by creating certain minimum standards that must be fulfilled to get the CPDA stamp of certification.
Further, surface tension, volatility, solubility, droplet size, and penetration are some properties of pesticides that often affect the crop’s quality and cause huge loss to farmers due to wastage of crops.
The use of adjuvants in pesticides overcome these shortcomings and enhances the effectiveness of pesticide sprayed on crops. The use of agricultural adjuvant also limits the wastage of pesticide and maximizes yield.
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The pandemic has had a significant impact on the demand and supply of food. Consumer access to adequate and nutritious food was severely hampered due to border restrictions and disruption in supply chain. Many manufacturers faced losses due to changing trade restrictions and unavailability of raw materials in domestic markets required for production of fertilizers and adjuvants. This created an imbalance between demand and supply of fertilizers in the market which resulted in fluctuation in food products prices.
However, the market is expected to recover during 2022-2023. Economies are reviving as governments of different countries support local businesses. Market for agriculture adjuvant is expected to gain traction.
How is the U.S. Agricultural Adjuvant Market Faring?
“Farmers in the U.S. are Adopting Agricultural Spray Adjuvants to Improve Crop Production”
North America is expected to emerge as a lucrative market owing to increasing adoption of advanced agricultural practices. To increase the production, farmers are undertaking precision farming using advanced crop technologies. This is expected to positively impact the demand for agricultural adjuvants which enhances the effectiveness of chemicals sprayed on crops for better yield.
Investments in next-generation technologies aimed at introducing agricultural adjuvants that fulfil changing needs and unique requirements of modern agricultural operations are expected to spur demand in the market. As per FMI, the U.S. agriculture adjuvant market is expected to reach value of US$ 986 Mn in 2022, accounting for 24% of the global agriculture adjuvant market.
Why is the India Agricultural Adjuvant Market Considered Lucrative?
“Growing Adoption of Adjuvant Farming in India will Fuel Growth”
The Asia Pacific is expected to create lucrative opportunities for agriculture adjuvant market during the assessment year as it comprises vast agricultural land for cultivation. Industrialization has resulted in the reduction of cultivable land so farmers are on lookout for chemical pesticides that will ensure higher yield from small land size.
This is expected to boost sales in developing countries like India. Indian farmers are pivoting towards technologically advanced practices to fulfill high demand for food crops for local usage and exports. As per FMI, the India agriculture adjuvant market is expected to reach valuation of US$ 680 Mn in 2022, holding 18% of the total agriculture adjuvant market share.
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What will be the U.K. Agricultural Adjuvant Market Outlook?
“Surging Demand for Agricultural Silicone Adjuvants in the U.K. will Boost Sales”
Growing adoption of advanced technologies in the agriculture sector is expected to impact the sale of agricultural adjuvant in Europe during the forecast period. Key countries contributing sales in the Europe agricultural adjuvant market are Germany and the U.K.
Regional farmers are using GPS systems, variable-rate application technologies, and a variety of unmanned aerial vehicle (UAV) agricultural software. Precision farming is also gaining traction due to increased efficiency and good quality agricultural output.
Surging adoption of precision farming is expected to boost sale of agricultural adjuvants in the U.K. in the forthcoming years.
Will Cereals Remain Top-selling Crop Type?
“Increasing Sales of packaged Food Products is Pushing Sales of Agricultural Adjuvants for Cereals”
Based on thr crop type, sales in the cereals segment are projected to account for almost 60% of the total agricultural adjuvant market share. Rising population and consumer preference for nutritious and healthy food is expected to increase the demand for crop protection chemicals. This segment is also expected to register an incremental growth of 2x during the forecast period.
Which is the Leading Application of Agricultural Adjuvant?
“Increasing Focus on Crop Protection is Propelling Sales of Herbicide Adjuvants”
In terms of applications, the herbicide adjuvant segment is expected to account for the largest share in 2022. The main problem faced by farmers is growth of unwanted plants like weeds, intrusive vegetation that absorb useful nutrients from soil and damage seeds. Besides this, surging demand for grain crops worldwide is expected to boost sales in this segment over the forecast period.
Agriculture adjuvant manufacturers are exploring new product development that fulfill consumer requirements. Key manufacturers are utilizing consumer inclination towards sustainable products to stand out among competition. For instance:
- In March 2020, Wilbur-Ellis Company Inc., a global leading distributor of agricultural supplies, animal nutrition, and speciality chemicals, introduced EMBRECE-EA, a new line of nonionic surfactants with a patented composition (NIS). The novel surfactant improves the efficacy of insecticides, fungicides, by improving spreading, wetting of spray ingredients used in agricultural practices.