Global agricultural adjuvants market expected to reach approximately USD 4,100 million in 2024, growing at a CAGR of slightly above 5% between 2018 and 2024. The agricultural adjuvants are used to enhance the effectiveness of various pesticides such as insecticides, pesticides, and others in order to control or eliminate the growth of unwanted pests.
Sarasota, FL -- (SBWIRE) -- 10/23/2018 -- Zion Market Research has published a new report titled "Agricultural Adjuvants Market for Function (Activator Adjuvants And Utility Adjuvants), by Chemical Group (Sulfonates, Alkoxylates, Organosilicones, And Others), by Formulation (Tank-Mix And In-Formulation), by Application (Insecticides, Fungicides, Agricultural Adjuvants, And Others), by Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, And Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017-2024''. According to the report, global agricultural adjuvants market was valued at around USD 2,097 million in 2017 and is expected to reach approximately USD 4,100 million in 2024, growing at a CAGR of slightly above 5% between 2018 and 2024.
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The agricultural adjuvants are used to enhance the effectiveness of various pesticides such as insecticides, pesticides, and others in order to control or eliminate the growth of unwanted pests. These adjuvants are either included in the formulation or are added to the tank separately. The types of chemicals which are majorly used as agricultural adjuvants are alkoxylates, sulfonates, organosilicones, and others.
There is an increase in the demand for precession farming. This farming method helps to use agricultural adjuvants for appropriate agrochemical farming. Products like emulsifiers, oils, and surfactants are important for crop protection and are expected to boost the growth of the market. Adjuvants increase the production capacity and improve the quality of the yield. It also helps pest control in different ways such as biocides, micronutrients, fertilizers, and others. The adjuvants are slowly making their presence in the market as the best tool for various applications. The increased demand for agricultural products is raising the use of adjuvants. Various key players are taking various measurements for the development of the key product. For instance, ORO Agri which one of the major key players in the market has expanded the product portfolio for the agricultural adjuvants and serves its products in around 80 countries across the globe. A major restraining factor for the global agricultural adjuvants market is stringent regulations to manufacture adjuvants. However, increasing research developments on innovative adjuvant products is likely to provide various opportunities for the key players operating in the global agricultural adjuvants market.
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The global agricultural adjuvants market is fragmented based on function, chemical group, formulation, application, and region. Based on function, the market is segmented into activator adjuvants and utility adjuvants. The activator adjuvants are segmented into oil-based adjuvants and surfactants. The surfactants are further segmented into non-ionic and ionic. The oil-based adjuvants are further segmented into petroleum oil and vegetable oil. The chemical group is segmented into alkoxylates, sulfonates, organosilicones, and others. The formulation is segmented into in-formulation, tank-mix. The application is segmented into insecticides, fungicides, agricultural adjuvants, and others. Crop type is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and other. The cereals and grains are further segmented into corn, wheat, rice, and others. The oilseeds & pulses are further segmented into soybean and others. Cereals and grains are estimated to be the most dominant segment of the global agricultural adjuvants market and are anticipated to maintain this trend over the predicted period. Increase in demand for agriculture products around the globe is predicted to drive the need for agricultural adjuvants in the years to come.
Based on region, the market is segmented into Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. North America had the most important share of the agricultural adjuvants market in regards with volume during 2017. This can be attributed to the huge demand for cereals & grains in the regions. Europe agricultural adjuvants market is also expected to witness significant growth during the predicted period.
Some of the major players operating in the global agricultural adjuvants market are Evonik Industries, Nufarm, Solvay, BASF, Huntsman Corporation, Clariant, Dowdupont, Stepan Company, Croda International, Helena Agri-Enterprises, and others.
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The report segments the global agricultural adjuvants market as follows:
Agricultural Adjuvants Market: Function Segment Analysis
Drift Control Agents
Agricultural Adjuvants Market: Chemical Group Segment Analysis
Agricultural Adjuvants Market: Formulation Segment Analysis
Agricultural Adjuvants Market: Application Segment Analysis