PUBLISHER: The Business Research Company | PRODUCT CODE: 1608795
PUBLISHER: The Business Research Company | PRODUCT CODE: 1608795
A pesticide adjuvant is a substance incorporated into a pesticide formulation or tank mix to enhance its performance and effectiveness. These adjuvants improve the application process by modifying aspects such as spray coverage, absorption, and adhesion to target surfaces. By doing so, they help ensure that pesticides are applied more efficiently and uniformly, optimizing pest control and potentially reducing the quantity of pesticide required.
The primary types of pesticide adjuvants include surfactants and emulsifiers, drift control agents, oil concentrates, compatibility agents, water conditioners, and others. Surfactants are compounds that reduce the surface tension between two liquids or between a liquid and a solid. Various formulations are available, including in-formulation and tank-mix options. These adjuvants are utilized across a range of crop types, including cereals and grains, oilseeds and pulses, fruits and vegetables, among others. They are also applied in various sectors such as agriculture, commercial use, and consumer applications.
The pesticide adjuvant market research report is one of a series of new reports from The Business Research Company that provides pesticide adjuvant market statistics, including pesticide adjuvant industry global market size, regional shares, competitors with a pesticide adjuvant market share, detailed pesticide adjuvant market segments, market trends and opportunities, and any further data you may need to thrive in the pesticide adjuvant industry. This pesticide adjuvant market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The pesticide adjuvant market size has grown strongly in recent years. It will grow from $4.20 billion in 2023 to $4.53 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth observed during the historical period can be attributed to several factors, including the increasing necessity to reduce pesticide waste, a growing demand for green adjuvants, enhanced efficacy in controlling pests, diseases, and weeds, a surge in the demand for organic food products, and a rising need for edible oils.
The pesticide adjuvant market size is expected to see strong growth in the next few years. It will grow to $6.18 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The anticipated growth during the forecast period can be attributed to several factors, including a rising demand for eco-friendly adjuvants, increasing crop damage caused by insects, a growing population, heightened demand within the agricultural sector, rising pesticide consumption, and government initiatives that promote sustainable agriculture. Key trends expected in this period include technological advancements, innovations in agricultural technology, the integration of telematics and sensors, the development of innovative bio-based formulations, and progress in precision agriculture technologies.
The growth of the agriculture sector is anticipated to drive the expansion of the pesticide adjuvant market in the coming years. The agricultural sector encompasses the production, processing, and distribution of crops, livestock, and other agricultural products. Demand in this sector is influenced by changes in dietary patterns, increasing awareness of environmental concerns, and heightened investment in agricultural research, development, and infrastructure. Pesticide adjuvants are substances incorporated into pesticide formulations or tank mixes to improve the effectiveness, efficiency, or application of pesticides, ensuring better pest control in agriculture. For example, in February 2024, the Department for Environment, Food & Rural Affairs, a UK government agency, reported that the average farm business income (FBI) across all UK farms rose significantly from $50,461 (£46,500) in 2020/21 to $78,133 (£72,000) in 2021/22. Additionally, the total income from farming (TIFF) in the UK for 2022 was $6.61 billion (£7.9 billion), marking a 17% increase. Therefore, the growth of the agricultural sector is fueling the pesticide adjuvant market.
Leading companies in the pesticide adjuvant sector are focusing on developing advanced technologies, such as Inntero technology, to enhance pest control and improve compatibility with various pesticide formulations. Inntero technology is a type of adjuvant designed to boost the performance of agricultural pesticides. This technology emphasizes efficiency, providing growers with a tool to maximize pesticide effectiveness and improve crop protection during the growing season. For instance, in February 2024, Innvictis Crop Care LLC, a US company that produces crop protection, adjuvant, and nutritional products, launched Inntero, a new adjuvant technology for the 2023 growing season. This technology consists of seven unique, multifunctional adjuvants that can be applied in smaller quantities, enabling farmers to optimize their tank mixes and more effectively combat resistant weeds. Inntero provides full-strength adjuvants that enhance functions such as wetting, spreading, and penetration. It reduces surface tension while improving droplet spreading, absorption, compatibility, and deposition. This allows growers to optimize their spray applications, resulting in reduced waste, faster mixing times, and more efficient use of input storage space.
In May 2023, Nichino Europe Co. Ltd., a UK-based agrochemical manufacturer, acquired Interagro (UK) Limited for an undisclosed sum. This acquisition aims to enhance Nichino Europe Co. Ltd.'s product portfolio, and both companies plan to collaborate on research and development of innovative products that support global agriculture, with a focus on delivering improved and sustainable solutions to consumers. Interagro (UK) Limited specializes in manufacturing pesticide adjuvants and bio-stimulants.
Major companies operating in the pesticide adjuvant market are BASF SE, Evonik Industries AG, DuPont de Nemours Inc., Huntsman Corporation, Solvay S.A, Clariant International Ltd., Helena Agri-Enterprises LLC, Crodo International Ltd., Stepan Company, Momentive Performance Materials, Ingevity Corporation, Growmark Inc., Brandt Consolidated Inc., Lamberti SPA, Drexel Chemical Company, Rossari Biotech Ltd., Winfield Solutions LLC, Victorian Chemical Company Pty Ltd., Innvictis Crop Care LLC, Garrco Products Inc.
North America was the largest region in the pesticide adjuvant market in 2023. The regions covered in the pesticide adjuvant market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the pesticide adjuvant market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The pesticide adjuvant market consists of sales of spreaders, foam suppressants, and buffering agents. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Pesticide Adjuvant Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on pesticide adjuvant market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for pesticide adjuvant ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The pesticide adjuvant market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.