Agricultural adjuvants Market Overview
Agricultural adjuvants are substances that are added to pesticides and other agrochemicals to improve their performance. They can be used to increase the effectiveness of pesticides, reduce the amount of pesticide needed, and improve the spread and adhesion of pesticides to target surfaces. Agricultural adjuvants are also used to reduce the risk of pesticide drift and improve the safety of pesticide applications.
The global agricultural adjuvants market is expected to grow from USD 6.5 billion in 2022 to USD 9.5 billion by 2030, at a CAGR of 6.1% during the forecast period. The market growth is attributed to the increasing demand for food production, growing awareness of the benefits of agricultural adjuvants, and rising adoption of sustainable agricultural practices.
Market Segmentation
The global agricultural adjuvants market is segmented by type, crop type, and region.
By type:
- Surfactants
- Wetting agents
- Spreaders
- Stickers
- Deposit builders
- Others
By crop type:
- Cereals and grains
- Oilseeds and pulses
- Fruits and vegetables
- Turfs and ornamentals
- Others
By region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Drivers
- Increasing demand for food production: The world’s population is expected to reach 9.7 billion by 2050, which will put a strain on the global food supply. Agricultural adjuvants can help to increase food production by improving the efficacy of pesticides and other agrochemicals.
- Growing awareness of the benefits of agricultural adjuvants: Farmers are becoming increasingly aware of the benefits of using agricultural adjuvants, such as improved pesticide performance, reduced pesticide use, and improved safety. This is leading to increased adoption of agricultural adjuvants.
- Rising adoption of sustainable agricultural practices: Sustainable agricultural practices are becoming increasingly important as farmers look to reduce their environmental impact. Agricultural adjuvants can help to promote sustainable agriculture by reducing the amount of pesticide needed and improving the safety of pesticide applications.
Market Challenges
- Regulatory hurdles: The agricultural adjuvants market is subject to a number of regulatory hurdles, which can vary from country to country. This can make it difficult for manufacturers to market their products in new markets.
- Price volatility of raw materials: The prices of the raw materials used to produce agricultural adjuvants can be volatile, which can impact the profitability of the market.
- Lack of awareness among farmers: Some farmers are still not aware of the benefits of using agricultural adjuvants. This can hinder market growth.
Key Players
Some of the key players in the global agricultural adjuvants market include:
- AkzoNobel N.V.
- BASF SE
- Bayer AG
- Dow Chemical Company
- FMC Corporation
- Nufarm Limited
- Syngenta AG
- Wilbur-Ellis Company
Recent Developments
Browse In-depth Market Research Report (90 Pages) On Report. https://www.marketresearchfuture.com/reports/agricultural-adjuvants-market-5436
- In January 2023, BASF SE launched a new agricultural adjuvant called Acumen. Acumen is a non-ionic surfactant that can be used with a variety of pesticides to improve their performance.
- In February 2023, Bayer AG acquired the agricultural adjuvant business of Arysta LifeScience. This acquisition will strengthen Bayer’s position in the agricultural adjuvants market.
- In March 2023, Dow Chemical Company launched a new agricultural adjuvant called Enlist Duo. Enlist Duo is a combination of two surfactants that can be used with Enlist herbicides to improve their performance and reduce the risk of herbicide drift.
Future Outlook
The global agricultural adjuvants market is expected to witness steady growth in the coming years. This growth will be driven by the increasing demand for food production, growing awareness of the benefits of agricultural adjuvants, and rising adoption of sustainable agricultural practices.
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