PUBLISHER: Polaris Market Research | PRODUCT CODE: 1478623
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1478623
The U.S. agricultural adjuvants market size is expected to reach USD 766.26 million by 2032, according to a new study by Polaris Market Research. The report "U.S. Agricultural Adjuvants Market Share, Size, Trends, Industry Analysis Report, By Product (Utility Adjuvant, Activator Adjuvant); By Crop Type (Oilseeds & Pulses, Cereals & Grains); By Application; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The adoption of sustainable agricultural practices is driving the expansion of the US agricultural adjuvants market, the increasing demand for efficient crop protection solutions, and the growing need for precision farming methods. Additionally, technological advancements and innovative adjuvant formulations are expected to create lucrative opportunities for market growth. However, the sector faces challenges such as strict government regulations, environmental concerns, and fluctuating raw material costs.
The COVID-19 pandemic had a direct effect on the agricultural adjuvant market's transportation and manufacturing operations. The epidemic caused widespread disruptions to the agricultural adjuvant market's supply chain. Due to these agricultural adjuvants, several governments restricted their overseas commerce and production facilities, which further hindered global markets. The production and shipping of agricultural adjuvants began progressively in the middle of 2021, and effective international trading began. As a result, following the COVID-19 pandemic, it is anticipated that both the production and use of agricultural adjuvant products will rise.
The increasing focus on sustainable agricultural practices presents adjuvant producers with an opportunity to develop products that meet regulatory requirements while also being environmentally safe. Continuous technological advancements, such as the development of innovative adjuvant formulations and application methods, offer opportunities for improved effectiveness and efficiency in agricultural protection. There is a high demand for adjuvants that can enhance the effectiveness of crop protection agents, driven by the need to protect crops from pests, diseases, and weeds.
The activator adjuvants segment dominated the market in 2023, driven by their ability to enhance the efficacy of pesticides, thereby increasing agricultural productivity and quality.
The utility adjuvants segment is anticipated to grow the fastest in the market due to growing awareness of utility adjuvants among farmers to enhance crop yields.
The cereal & grains segment led the market in 2023 and is expected to maintain its dominance due to the widespread cultivation of cereal and grain crops, such as corn, wheat, and rice, in the United States.
The food & vegetables segment is expected to hold the fastest CAGR during the forecast period owing to increased demand for food and vegetables and pest management techniques.
The herbicides segment held a dominant revenue share of the market. Adjuvants enhance the effectiveness of herbicides, which control unwanted vegetation in an agricultural environment.
The insecticides segment is likely to hold the fastest CAGR during the projected period due to the continuously rising threat of pests and crop diseases, which raises the demand for insecticides.
The global key market players include BASF SE, Dow Inc., Nufarm Limited, Helena Agri Enterprises, Huntsman Corporation, Corda International Plc., Evonik Industries AG and Stepan.
Polaris Market Research has segmented the U.S. Agricultural Adjuvants market report based on product, crop type, application and region: