Agriculture Adjuvants Market Forecasts to 2030 - Global Analysis By Formulation, Adoption Stage, Function, Crop Type, Utilization Type, Chemical Group, Application and by Geography

According to Stratistics MRC, the Global Agriculture Adjuvants Market is accounted for $5.91 billion in 2023 and is expected to reach $8.15 billion by 2030 growing at a CAGR of 4.7% during the forecast period. Agricultural adjuvants are a kind of additive that is added to agrochemicals or crop protection products to enhance overall performance. As a result, these chemicals modify a characteristic of the spray solution, enabling the pesticides to target, safeguard, or penetrate the organism. However, there are various kinds of adjuvants on the market, including penetrants, stickers, wetting agents, and drift control agents and some adjuvants improve crop protection chemicals' solubility, stability, and spreadability. The potential for developing and enhancing agriculture adjuvants is rising because of the increasing demand for sustainable agriculture. Adjuvants help increase the efficacy of a pesticide spray, which reduces the amount of pesticide needed. Thus, it helps farmers reduce the amount of crop protection chemicals they use, ensuring the sustainability of farming.

According to the Food and Agriculture Organization (FAO), global pesticide consumption was 4.2 million tons in 2019, an increase of 11.6% from 2009.

Market Dynamics:

Driver:

Rising demand in agricultural adjuvants

This development is attributable to the increased usage of pesticides to control the growth of numerous undesirable things on cropland. Depending on their intended use, utility adjuvants come in a variety of forms. Compatibility agents, buffering agents, drift control agents, water conditioning agents, defoaming agents, deposition agents, and acidifying agents are all included in the utility adjuvants category.

Restraint:

Stringent rules

The use of adjuvants is subject to stringent rules and licensing procedures because the agriculture sector is extensively controlled. For traders, complying with regulatory regulations and securing essential permits can take time and money. The usage and accessibility of some adjuvant products may be restricted by strict laws, limiting market expansion.

Opportunity:

Technological advancements and awareness

Organic agricultural methods are becoming more and more crucial in order to reduce the negative effects on the environment and chemical loads. In agriculture, adjuvants enable farmers to achieve greater results with fewer chemical inputs, reducing their overall environmental impact. Adjuvants for agriculture are becoming more and more popular among farmers. They are actively searching for items that can increase crop yields, improve agrochemical performance, and streamline their agricultural operations.

Threat:

High expenses and competition

New adjuvant product development and introduction necessitate a large investment in R&D. Costs are increased by the procedures for testing and gaining regulatory permissions. High R&D expenses might impede innovation and restrict the market entry of new firms. Additionally, the market for agricultural adjuvants is quite competitive, with several companies selling comparable goods. Due to the identical compositions and functionalities of many adjuvant formulations, product differentiation can be difficult. Therefore, this can put pressure on prices and reduce manufacturers' profit margin which hinders the market size.

COVID-19 Impact

COVID-19 restrictions, such as lockdowns and social isolation measures, had an impact on agricultural activities, such as farming operations and crop protection methods. Demand fluctuated occasionally because it was difficult for farmers to obtain adjuvants and other agricultural inputs. Reduced agricultural revenues and financial instability had an impact on farmers' purchasing power and capacity for investment. As a result, farmers might have cut back on discretionary expenses like the use of adjuvants. Similar to the previous example, market expansion may have been impacted by the delay in the introduction of new items.

The herbicide segment is expected to be the largest during the forecast period

The herbicide segment is estimated to hold the largest share, due to an herbicide adjuvant is a type of chemical used to increase a herbicide's overall efficiency. However, certain herbicides do not require the addition of adjuvants, while others do in order to improve performance. The usage of adjuvants with the various herbicide products on the market is disclosed on labels that are connected to the products. The majority of adjuvants on the market today are made with the intention of assisting herbicides in sticking to, covering, and successfully penetrating leaves in order to reach the target region.

The Tank-mix adjuvants segment is expected to have the highest CAGR during the forecast period

The Tank-mix adjuvants segment is anticipated to have lucrative growth during the forecast period, due to Tank-mix adjuvants are a subset of adjuvants that are used in conjunction with other agrochemicals in the spray tank. Agrochemicals or plant protection products' performance can be increased and improved with tank-mix adjuvants. These adjuvants have been shown to improve agrochemical retention, liquid droplet spreading, wetting, and penetration.

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period owing to Due to the region's extensive agricultural area for production; the Asia Pacific is anticipated to generate profitable prospects for the agriculture adjuvant market throughout the assessment year. Farmers are searching for chemical pesticides that are predicted to assure higher yields from reduced land sizes as a result of the loss in cultivable area brought about by industrialization. Sales should increase in developing nations like China as a result. To meet the increased demand for food crops for both domestic use and export, Chinese farmers are shifting toward technologically improved methods.

Region with highest CAGR:

Europe is expected to witness profitable growth over the projection period, owing to throughout the projected period; the sale of agricultural adjuvant in Europe is anticipated to be impacted by the growing usage of modern technology in the agriculture sector. Germany and the United Kingdom are important contributors to the market for agricultural adjuvants in Europe. Various unmanned aerial vehicle (UAV) agricultural software programs, GPS systems, and variable-rate application technologies are all used by local farmers. Due to better efficiency and high-quality agricultural production, precision farming is also becoming more popular. Sales of agricultural adjuvants are anticipated to increase in the UK over the next few years as precision farming use increases.

Key players in the market:

Some of the key players in the Agriculture Adjuvants Market include: Clariant AG, The Dow Chemical Company, Ingevity, Corteva Agriscience, BASF SE, Helena Chemical Company, Wilbur-Ellis Holdings, Inc., Solvay SA, Evonik Industries AG, Nufarm Limited, Croda International PLC, Miller Chemical & Fertilizer, LLC, Winfield United, Stepan Company, Loveland Products Inc., Brandt Consolidated, Dow Croning, Lamberti SPA, Tanatex Chemicals and Momentive Performance Materials

Key Developments:

In April 2022, Lamberti SPA acquired UK-based Turftech International, a company developing and selling special surfactants for applications in horticulture and turf. The acquisition helps Lamberti to expand and diversify its product portfolio and market share in the region.

In May 2021, Yara International announced the launch of a global business named Agoro Carbon Alliance that helps farmers to adopt positive climate farming practices and earn revenue. Farmers who join this program help to increase the yield by adopting sustainable carbon cropping practices.

Formulations Covered:

• Emulsifiable Concentrates
• Suspension Concentrates

Adoption Stages Covered:

• Tank Mix
• In-Formulation

Functions Covered:

• Activator Adjuvants
• Utility Adjuvants
• Other Fucntions

Crop Types Covered:

• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Other Crop Types

Utilization Types Covered:

• In-can Adjuvants
• Tank-mix Adjuvants

Chemical Groups Covered:

• Alkoxylates
• Organosilicones
• Sulfonates
• Other Chemical Groups

Applications Covered:

• Herbicides
• Fungicides
• Insecticides
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
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• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
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