A recent report published by Infinium Global Research on agricultural adjuvants market provides in-depth analysis of segments and sub-segments in the global as well as regional agricultural adjuvants market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional agricultural adjuvants market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global agricultural adjuvants market. According to the report, the global agricultural adjuvants market is projected to grow at a CAGR of 6.1% over the forecast period of 2018-2024.
Agricultural adjuvants are used in agriculture to improve the productivity of herbicides, insecticides, fungicides, and other agents, which exclude or control unwanted pests and plant diseases. An ingredient is added to the spray tank, which is distinct from the pesticide that improves the performance of the pesticide. It is used to protect the crops. Agricultural adjuvants consist of surfactants, oils, and ammonium fertilizers. It plays a significant role in the agrochemical market. It improves the productivity of agrochemical and increases productivity or yields the crop.
Growing consciousness among farmers regarding agrochemical products and growing importance for precision farming is driving the growth of agricultural adjuvants market. Further, with growth in population, pressure on farmlands, agricultural installations, expanding crop yield and productivity has increased. As per the study of Population Division of the United Nations Department of Economic and Social Affairs, the global population in 2017 was 7.6 billion, and is estimated to reach approximately 9.8 billion by 2050. Further, nearly 83 million people are being added to the world’s population every year. This is likely to generate a complementary demand for food grains in the upcoming years. Therefore, growing demand for food grains is, hence projected to support the market growth for agricultural adjuvants in upcoming years. Besides, shifting inclination from chemically synthesized adjuvants to environment-friendly agricultural adjuvants is generating an opportunity in the coming years. Traditionally, adjuvants are chemically synthesized and these chemicals are non-environment-friendly and have a toxicological profile. Therefore, companies are progressively diversifying their portfolios to include bio-based adjuvants. On the other side, Price instability of agricultural adjuvants is likely to restrain the market of agricultural adjuvants.
Among the geographies, North America is dominating the region for agricultural adjuvants and the Asia-Pacific is estimated to be the fastest growing region for agricultural adjuvants. In North America, regional factor such as growing consciousness about agricultural adjuvants among farmers is driving the growth of this market. Further, cumulative agricultural output attached to technological advancements in farming and execution of strict rules about environment protection is boosting the growth of agricultural adjuvants market. Addition to this, rising agricultural practices in India, Indonesia, Japan and China are fueling the growth of agricultural adjuvants market in the Asia- Pacific region.
The report on global agricultural adjuvants market covers segments such as product, application, and crop type. On the basis of product, the sub-markets include utility adjuvants and activator adjuvants. On the basis of application, the sub-markets include fungicide adjuvants, herbicide adjuvants, insecticide adjuvants, and others. On the basis of crop type, the sub-markets include cereals & grains, fruits & vegetables, oilseeds & pulses, and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in this region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China.
The report provides profiles of the companies in the market such as Adjuvants Plus Inc, Brandt Consolidated, Inc., Garrco Products, Inc, Huntsman International LLC, Lamberti S.p.A, The Dow Chemical Company, Wilbur-Ellis Company Inc., Akzonobel N.V., and Nufarm Limited.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of agricultural adjuvants market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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