The global demand for the agricultural adjuvants market was valued at over USD 3128.69 Million in 2021 and is expected to reach above USD 4,415.7 Million in 2030, growing at a CAGR of above 5.6% between 2022 and 2030. In terms of volume, the global agricultural adjuvants market is expected to grow at a CAGR of 7.1% from 2022 to 2030 to reach 1278.00 KT by 2030.
Agricultural Adjuvants Market: Overview
Agricultural adjuvants are used to enhance the performance of the pesticides such as herbicides, insecticides, fungicides, and other agents being sprayed. These additives modify the property of the spray solution and improve the ability of the pesticide to penetrate. There are different types of adjuvants which include activator adjuvants and utility modifiers. Activator adjuvants include surfactants, wetting agents, penetrants and oils. Utility modifiers include emulsifiers, dispersants, stabilizers, compatibility agents and anti-foam agents.
Stickers, wetter-spreaders, buffers, drift retardants and foam retardants are the types of adjuvants majorly used in the market. As they are commonly purchased separately from the product and added to the spray tank. Each of these ingredients modifies the spray solution and improves the properties of spreading, penetration, droplet size, or other characteristics. Therefore, adjuvants improve the cost-effectiveness of products as they can extend the time length of an active ingredient is effective and also helps the farmer to target the proper pests. Thus, the proper adjuvant may reduce and eliminate spray application problems, thereby enhancing overall pesticide effectiveness.
Agricultural Adjuvants Market Dynamics
Drivers
Increasing Demand for the Agrochemicals
With the usage of agrochemicals, it is possible to combat pests and produce larger quantities of food and it also benefits in producing food free from insect contamination and insect damage by improving the soil and crop conditions. Furthermore, the agriculture sector is expected to observe rising investments from the agrochemical conglomerates and inter-governmental agencies which results in the advancement of novel adjuvants and developments in adjuvant spray technology. Hence, rising demand for agrochemicals will, in turn, boost the agricultural adjuvants market growth during the forecast period.
Moreover, the increasing demand for food and beverages globally owing to the growing population is also a major factor for the agricultural adjuvants market. To convene the current demand for food, farmers are focusing on rising the production and yield of the crops by using suitable pesticides which are pouring the market.
Restraints
Stringent Regulations to Manufacture Adjuvants
Agricultural adjuvants are used as additives in agrochemicals and are majorly produced from chemicals. Some of these chemicals have a debatable chemical profile and can be identified as toxic and unhealthy for human consumption which affects foliar toxicity as well. The repeated use of such chemicals increases their presence in the soil, which results in biomagnification, disturbing the entire food chain. Hence, the growing health concerns have influenced regulatory agencies to execute rules and regulations on the usage and production of adjuvants. This, in turn, hampers the growth of the market during the forecast period.
Opportunities
Increase in the need of Green Adjuvants
The demand for green adjuvant is likely to be high in the near future. rising focus on health and wellness surrounded by consumers is one of the main factors for the growth of green adjuvants. Green adjuvants are manufactured by using renewable raw materials as they have a low human and environmental impact and do not increase toxicity to humans and non-target organisms. Green adjuvants help in decreasing the impact of formulated pesticides by enhancing the performance of active ingredients.
Moreover, the increasing need of green adjuvants is one of the promising trends in the agricultural adjuvant market. Hence, to decrease an environmental impact major players are focusing on manufacturing green adjuvants which can serve as an opportunity for market growth in the upcoming years.
Global Agricultural Adjuvants Market Segmentation
By function, the market is segmented into activator adjuvants, utility adjuvants, and others. The activator adjuvants segment is expected to led the market and it’s accounted for around 65% of the global revenue share in 2021. The utility adjuvants segment is accepted to increase at a CAGR of XX% over the forecast period due to the increasing use of pesticides to limit a variety of unnecessary things in the cropland.
By Application, the agricultural adjuvants market is segmented into insecticides, fungicides, herbicides, and others segment. In 2021, the Herbicides segment was the largest revenue generator and is predictable to grow at a CAGR of 6.2% during the forecast period. Insecticide is the second leading segment in this market and it accounted for more than 26% of the global revenue share in 2021.
On the basis of crop insights, the market is segmented into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and others. In 2021, with a 38.9% global revenue share the cereal and grains category dominated the market for agricultural adjuvants. Cereal and grains are the key consuming class of crops mostly in the Asia Pacific. The growing consumption of cereal and grains such as rice, corn, wheat, rye, oats, sorghum, and barley in some other regions is pouring the demand for agricultural adjuvants. The fruits and vegetable segment is projected to grow at a CAGR of 6.4% over the forecast period. This growth can be attributed to the rising demand for fresh vegetables across the globe due to the growing health consciousness among consumers.
Regional Insights
North America is expected to account for the largest share of the agricultural adjuvants market in 2021 due to increasing focus on agricultural activities in the countries such as the U.S. and Canada. The Asia Pacific is expected to emerge as one of the profitable regions for this market over the forecast period due to the increasing population, and the presence of countries with vast arable lands.
Europe holds a significant market share due to rising adoption of advanced technologies in the agriculture sector is expected to impact the sale of agricultural adjuvant in Europe during the forecast period.
Competitive Landscape
Some of the major competitors dominating the global Agricultural Adjuvants market include Evonik Industries, Helena Agri-Enterprises, Nufarm, Solvay, BASF, Huntsman Corporation, Clariant, Dowdupont, Stepan Company, Croda International among others.
Key Development
June 2018: BASF and Summintto announced that under an existing joint development framework, Sumitomo Chemical has submitted a registration application in the EU for the novel fungicide compound
June 2018: The company introduced the FeXapan™ herbicide plus VaporGrip® technology providing the FeXapan™ which is the tank mixed with products that have been tested and found that do not to affect the offsite movement potential of FeXapan™
Agricultural Adjuvants Market Scope and Segment
| Attribute |
Details
|
|
Market Size in 2021
|
USD 3128.69 Million
|
|
Estimated Market Size in 2030
|
USD 4,415.7 Million
|
|
CAGR Growth Rate
|
5.6% CAGR
|
|
Base Year
|
2021
|
|
Forecast Years
|
2022-2030
|
|
By Function
|
- Activator Adjuvants
- Utility Adjuvants
|
|
By Crop Type
|
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Other
|
|
By Application
|
- Insecticides
- Fungicides
- Herbicides
- Others
|
|
Major Regions Covered
|
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East & Africa
|
|
Report Coverage
|
Revenue forecast, company share, competitive landscape, growth factors and trends
|
|
Free customization scope (equivalent to 5 analysts working days)
|
If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization
|