The Demand For Improved Crop Varieties To Drive The Growth Of The Agricultural Adjuvants Market

An increasing need for green adjuvants, improving efficiency and effectiveness of agrochemicals are some of the factors driving the growth of agricultural adjuvants market.

(EMAILWIRE.COM, January 27, 2020 ) The global agricultural adjuvants market is estimated to be valued at USD 3.3 billion in 2019 and is projected to reach USD 4.7 billion by 2026, recording a CAGR of 5.3%. The agricultural adjuvants market has a high potential in emerging markets, such as Asia Pacific, due to the increasing awareness about the benefits of agricultural adjuvants growth in the Indian and Southeast Asian countries.

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By application, the agricultural adjuvants market is segmented into herbicides, fungicides, insecticides, and others. Adjuvants can be added with fungicides, insecticides, herbicides, and fertilizers. Since each adjuvant has a specific function and reacts differently with each pesticide and pest; the selection of adjuvants for different types of pesticides is important. For instance, surfactants are used mostly with herbicides as the solubility of surfactants complements the solubility characteristics of herbicides. For instance, the crop oil concentrates consist of petroleum-based oils plus some nonionic surfactant that helps in increasing herbicide penetration and reduces the surface tension.

Based on function, the agricultural adjuvants market is segmented into activator adjuvants and utility adjuvants. Activator adjuvants for herbicides help in rising the herbicide activity and encompass a variety of surfactant chemistry. Thus, activator adjuvants can also be included in the product formulation by the manufacturer or tank-mixed by the herbicide applicator. Activator adjuvants include surfactants and oils. Utility modifiers include buffering agents, compatibility agents, antifoam agents, water conditioners, and buffers/acidifiers. Activator adjuvants are the most widely consumed agricultural adjuvants, owing to the high use of surfactants in various pesticide formulations. A majority of herbicides are mixed with surfactants to improve their spraying characteristics.

Based on crop type, the agricultural adjuvants market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. The dominance of cereals & grains is attributed to the highest consumption of crop protection chemicals for these crops, particularly in Asian and North American countries. Also, owing to the increasing demand for crops such as corn, wheat, rice, and sorghum across various industries, the consumption of crop protection chemicals is projected to grow to increase the yield of these cereals owing to which the segment has been projected to grow at the highest CAGR during the forecast period.

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Asia Pacific is expected to boost market growth during the forecast period. The key countries that play an important role in agriculture in this region are India, China, Japan, and Australia. Cotton, sugar crops, fruits & vegetables, and cereals are the leading agricultural commodities exported from these countries. In Asia Pacific, the total area under agriculture is shrinking due to the high rate of industrialization and urbanization. As a result, farmers opt for practices such as the use of chemical pesticides, which help to increase the yield or productivity of crops.

The major players such as Solvay (Belgium), Corteva Inc (US), and Evonik Industries (Germany) in the agricultural adjuvants market are focusing on new product launches, expansions & investments, acquisitions & mergers, agreements, joint ventures, collaborations, and partnerships to expand their global footprint.

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