PUBLISHER: Polaris Market Research | PRODUCT CODE: 1552490
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1552490
The global agricultural adjuvants market size is expected to reach USD 5,789.64 million by 2032, according to a new study by Polaris Market Research. The report "Global Agricultural Adjuvants Market Size, Share, Trends, Industry Analysis Report: By Source, By Formulation, By Crop Type, By Adoption Stage, By Function, By Application, and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) - Market Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The agricultural adjuvants market is experiencing significant growth due to the rising demand from developed nations for sustainable pest control to enhance agricultural productivity and meet global food requirements.
Further, the rise in the use of integrated pest management (IPM) techniques, incorporating biological, cultural, and chemical approaches to manage pests, is fueling the need for adjuvants. Adjuvants boost the efficiency of agrochemicals such as pesticides, herbicides, and plant growth promoters, which play a crucial role in integrated pest management (IPM) strategies.
The combination of adjuvants with herbicides significantly enhances the herbicide performance by improving the coverage, penetration, and absorption of herbicides on plant surfaces. This ensures better weed control outcomes and reduces overall chemical usage and costs. As a result, farmers seek to optimize their herbicide applications, driving the market expansion.
For instance, in February 2024, according to the Council of Producers & Distributors of Agrotechnology (CPDA), the research studies conducted on Sharpen, an herbicide manufactured by BASF SE, found that its effectiveness decreased by 30 to 90% without the application of necessary adjuvant. In contrast, the herbicide delivered improved crop yield and better weed control after the application of the necessary adjuvant.
Furthermore, advancements in farming techniques, such as precision farming and the adoption of new farming techniques, are driving the growth of the agricultural adjuvants market. Agricultural adjuvants are gaining traction in enabling farmers to achieve higher productivity and profitability by maximizing the yield while minimizing inputs like water and chemicals, along with maintaining or improving effectiveness. Thus, the demand for adjuvants is expected to grow alongside the advancements in farming techniques as they are cost-effective and support sustainable farming practices.
The utility adjuvants segment is expected to grow at the fastest CAGR, mainly attributed to their ability to alter the physical or chemical characteristics of spraying solutions in order to enhance their effectiveness.
The herbicides category dominated the market owing to their extensive use in global crop cultivation to effectively manage weeds.
The North America region is expected to grow at the fastest CAGR in the market owing to the increased crop production due to expanding agricultural land.
The Asia-Pacific region dominated the market due to the presence of countries like India and China as key exporters, consumers, and producers of pesticide chemicals.
The global key market players include BASF SE, Clariant AG, Corteva Agriscience, Croda International PLC., Evonik Industries AG, Helena Chemical Company, Miller Chemical & Fertilizer, LLC., Nufarm Limited, Solvay SA and The Dow Chemical Company.
Polaris Market Research has segmented the agricultural adjuvants market report based on source, formulation, crop type, adoption stage, function, application, and region:
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