By 2033, the global agricultural adjuvant market is anticipated to be worth US$ 6,518.4 million. Over the forecast period, the market is expected to grow at a CAGR of 6%. The market is anticipated to reach US$ 3,536 million by 2023.
Globally, increasing industrialization and colonisation are depleting cultivable land. Farmers are looking for effective ways to boost crop productivity in order to meet rising food demand, which is driving demand for agricultural adjuvants.
Adjuvants in pesticides improve spray retention and droplet drying. A multitude of criteria influence the interaction between herbicide adjuvants and herbicide activity, including leaf surface, adjuvant type, herbicide chemical form, and external meteorological conditions. Key market participants are developing novel formulations to improve efficacy and avoid pesticide leaching in groundwater.
Surfactants, oils, compatibility agents, buffering and conditioning agents, defoaming agents, deposition agents, and drift control agents are some of the agricultural adjuvants on the market.
The availability of various types of adjuvants is projected to drive market demand for function-specific adjuvants. Furthermore, because adjuvants lack pesticide characteristics, their use is not restricted by US Environmental Protection Agency laws. This is likely to broaden the range of agricultural adjuvant applications.
Further, rapid adoption of advanced technologies in agricultural industry such as precision farming is expected to boost the demand for agricultural adjuvants. As per FMI, North America is expected to emerge as the most lucrative market, followed by Europe and Asia Pacific.
“Rising awareness regarding wastage of pesticides and their negative environmental impact is spurring demand in the market. In addition to this, wide availability of target-based adjuvants will continue propelling sales over the assessment period,” says the FMI analyst.
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Key Takeaways:
- Based on the crop type, sales in the cereals segment are projected to increase at a 5.6% CAGR though 2032.
- In terms of application, demand for herbicides adjuvants will gain traction at a considerable pace.
- The U.S. will emerge as a lucrative market, accounting for 24% of the total market share over the forecast period.
- Sales in the U.K. will account for a dominant share in the Europe agricultural adjuvants market through 2032.
- Demand in the India agricultural adjuvants market will account for 18% of the total market share.
Competitive Landscape
Key manufacturers operating in the agricultural adjuvants are focusing on research & development to offer different effective formulations. Besides this, players are collaborating and investing in mergers and acquisitions to gain a competitive edge in the market. For instance:
- BREAK-THRU® SD 260. is the first solid, water-soluble trisiloxane on the market is which is ideal for solid pesticide formulations (WP/WDG). It is used in biopesticide WP formulations, to simplify the manufacturing of solid pesticide formulations, makes trisiloxane available for solid pesticide and solid microbiological formulations, which can be used as a tank mix adjuvant.
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Agricultural Adjuvant Market by Category
By Product Type:
- Activator Adjuvants
- Oil Adjuvants
- Surfactants
- Utility Adjuvants
By Application:
- Fungicide Adjuvants
- Insecticide Adjuvants
- Herbicide Adjuvants
- Others
By Crop Type:
- Cereals
- Oilseeds
- Fruits & Vegetables
- Other Crops
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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The report covers exhaustive analysis on:
- How big is the agricultural adjuvant market size?
- What is the North America agricultural adjuvant market outlook?
- At what rate will the agricultural adjuvant demand grow in Europe?
- What are the key trends driving sales in the agricultural adjuvant market?
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Author
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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