Overview and Scope
Agricultural adjuvants are chemicals used to enhance the efficiency of chemical agents and other pesticide products to eliminate pests and help in building up the response and ability of the pesticides. An agricultural adjuvant is any material (other than water) that is added to an agricultural chemical product to change its physicochemical qualities and/or improve its efficacy. Adjuvants are additives that are either added to the formulation or added to the spray tank to modify chemical fertilizer activity or application characteristics such as better mixing and handling, spray retention, droplet drying and increasing droplet coverage, boosting herbicide cuticle penetration and cellular accumulation, and lowering herbicide leaching through the soil profile are all advantages.
Sizing and Forecast
The agricultural adjuvants market size has grown rapidly in recent years. It will grow from $4.14 billion in 2023 to $4.62 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to increased demand for agrochemicals, a rise in crop damage, and a rise in the adoption of agricultural adjuvants in organic farming.
The agricultural adjuvants market size is expected to see rapid growth in the next few years. It will grow to $7 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to reducing farming lands, increasing food demand, and rising precision farming practices. Major trends in the forecast period include technological advancements, the launch of new innovative products, unmanned aerial vehicle (uav) spraying-based agricultural adjuvants, and partnerships and collaborations.
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Segmentation & Regional Insights
The agricultural adjuvants market covered in this report is segmented –
1) By Type: Activator Adjuvants, Utility Adjuvants
2) By Formulation Type: Suspension Concentrates, Emulsifiable Concentrators
3) By Crop Type: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Other Crop Types
4) By Application: Herbicides, Insecticides, Fungicides, Other Applications
North America was the largest region in the agricultural adjuvants market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agricultural adjuvants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Reducing farming lands is expected to boost the agricultural adjuvants market during the forecast period. Available agricultural land is decreasing day by day, which is, in turn, increasing the burden of farmers to produce high yields under limited land resources. Adjuvants are mixed with pesticides to increase their efficacy and penetration to improve crop yield. For example, in 2022, the UK reported a decrease of 2.2% of the total utilized agricultural area. Additionally, according to the statistics released by the Australia Bureau Of Statistics, an Australia-based independent statutory agency, the total agricultural land in Australia was 369 million hectares in 2021-22, a decrease of 5% from 2020-21. Furthermore, according to the 2022 Farm and Land in Farms report released by the United States Department of Agriculture (USDA), a US-based federal agency responsible for forestry, ranching, and agriculture, in 2021, the farmland in the USA decreased by 1.3 million acres. Therefore, reducing farming lands is expected to drive the agricultural adjuvants market.
Key Industry Players
Major companies operating in the agricultural adjuvants market report are Marubeni, Evonik Industries, Solvay Inc., Nufarm Limited, The Dow Chemical Company, BASF SE, Nouryon, Croda International Plc, Clariant AG, Stepan Company, New Tiger Co. Ltd, Jiangxi Tiansheng New Materials Co. Ltd., Dhanuka Agritech Limited, Excel Crop Care Limited, UPL Limited, Hangzhou Silway New Material Technology Co. Ltd., Wuhan Han Sheng New Material Technology Co. Ltd., Akzo Nobel N.V., Corteva Agriscience, Huntsman International LLC, Ingevity, Miller Chemical & Fertilizer LLC, Helena Chemical Company, WinField United, Wilbur-Ellis Company LLC, DGL Group Inc., ExcelAg Corp., Aloetrade America LLC, Accurate Chemical & Scientific Corporation, Scale Ag Services, AlzChem LLC, Nutrien Ltd.
The agricultural adjuvants market report table of contents includes:
1. Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
………
- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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