Agricultural Adjuvant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023
The agricultural adjuvant market is currently being catalyzed by a rise in agrochemical demand and an increasing importance for precision farming. According to the latest report by IMARC Group, titled “Agricultural Adjuvant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global agricultural adjuvant market reached a value of US$ 2.8 Billion in 2017.
An agricultural adjuvant refers to any substance that improves the efficiency of pesticides, including but not limited to insecticides, herbicides, fungicides and other agents that control or eliminate unsolicited pests. Like medical adjuvant, agriculture adjuvant isn’t directly responsible for controlling or eliminating pests. These additives instead enable the pesticides to target, penetrate or protect the organism by modifying a particular property of the spray solution. Surfactants, oils, salts and emulsifiers are amongst some of the commonly used ingredients in a spray. Each of these ingredients enable the spray solution to enhance their properties like penetration, spreading, droplet size and more. Sometimes these additives are incorporated in the formulation with a pesticide. While other times, these are added distinctly to a tank.
Adjuvant can be divided into two parts; at first, In-can adjuvant refers to adjuvant which are incorporated in the pesticide formulations themselves. When these are added distinctly, as and when the spray solution is made, the adjuvant is called tank mix adjuvant. The addition of these tank mix adjuvant can sometimes optimize the performance of the pesticide
With the introduction of agricultural processes like commercial farming and contract farming, the global agricultural adjuvant market is expected to witness a significant growth in the forecasted years. Additionally, protected agriculture practices are anticipated to further fuel the market. Moreover, surfactants, oils, salts and emulsifiers are indispensable for effective crop production, hence they can uplift the market growth as well. Herbicides, fungicides and insecticides are also gaining traction because of its utility and function, which remains a key factor for the agricultural market as the demand for crop protection chemicals is increasing. In addition, farmers are now more aware about various agrochemicals and advanced farming equipment. Looking forward, the market value is projected to exceed US$ 3.9 Billion by 2023, exhibiting a CAGR of more than 5.5% during 2018-2023.
Based on type, the market has been segmented as activator adjuvant and utility adjuvant. Currently, activator adjuvant dominates the market, holding the largest share.
Based on crop type, the market has been segmented as cereals & oilseeds, fruits & vegetables and others.
On the basis of application, herbicides represent the largest segment, followed by the fungicides, insecticides and other applications.
Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Amongst these, North America is the leading market, accounting for the majority of the global share.
The competitive landscape of the market has also been examined with some of the key players being Akzo Nobel N.V., Croda International PLC, The DOW Chemical Company, Evonik Industries Ag, Solvay, Huntsman International LLC, Nufarm Limited, Helena Chemical Company, Wilbur-Ellis Holdings, Inc., and Brandt.
This report provides a deep insight into the global agricultural adjuvant market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the agricultural adjuvant market in any manner.
Key Questions Answered in This Report:
How has the global agricultural adjuvant market performed so far and how will it perform in the coming years?
What are the key regional markets in the global agricultural adjuvant industry?
What are the major application segments in the global agricultural adjuvant industry?
What are the key crop types in the global agricultural adjuvant industry?
What are the key product types in the global agricultural adjuvant industry?
What are the price trends of agricultural adjuvant?
What are the various stages in the value chain of the global agricultural adjuvant market?
What are the key driving factors and challenges in the global agricultural adjuvant market?
What is the structure of the global agricultural adjuvant market and who are the key players?
What is the degree of competition in the global agricultural adjuvant market?
How are agricultural adjuvant manufactured?