Agricultural Adjuvants Market: Current Analysis and Forecast (2021-2027)

Agricultural Adjuvants Market: Current Analysis and Forecast (2021-2027)

The global agricultural adjuvants market was stood around USD 3 billion in 2020 and is expected to showcase a growth of around 6% during the forecast period (2021-2027). Over the years, world witnessed the rise in population and is continuously growing creating greater demand for food. And the strain on land, which is a limited resource, has also grown. However, growth of population outpaced the land growth, thereby reducing the agricultural land per capita. For instance, according to the Our World in Data, the global agricultural land per capita has decreased to 0.6 hectare in 2018 compared to 1.4 hectare in 1961. This reduction in agricultural land has increased the global focus on improving crop yield, thereby increased the interest of agrochemical manufacturers to produce more advance, productive, and less toxic to humans, agrochemicals. However, despite availability of wide range of agrochemicals, there is an increasing requirement of auxiliary products like adjuvants to improve the performance of agrochemicals. Adjuvants aids in agrochemical in various ways such as facilitated wetting, penetration, or better retention. This in turn has increased the consumers interest on agricultural adjuvants.

COVID-19 had the negative impact on almost all the industries, however few exceptional industries like healthcare and agricultural has showcase significant growth during the period. Agricultural falls under the essential industry due to which very limited hindrance has been witnessed, as a result demand for agricultural products like fertilizer, pesticides, and adjuvants has increased. For instance, in India, agricultural was the only sector to grow for April-June 2020 among eight used to compute India’s GDP. In the same quarter, the country GDP shrank by 23.9%.

Insights Presented in the Report

“Amongst function, activator adjuvants held prominent share in the market in 2020.”

Based on function, the market is categorized into activator adjuvants and utility adjuvants. Activator adjuvant held the considerable market share and is expected to showcase significant growth rate during the forecast period. This can be attributed to its properties of reducing surface tension thus increasing the pesticides retention on the crops. As a result, in order to reduce the pesticides application which helps in reducing the capital requirement to produce crops, consumers preferred to purchase activator adjuvants

“Amongst chemical group, alkoxylates held prominent share in the market in 2020.”

Based on chemical group, the market is categorized into alkoxylates, sulfonates, organosilicon, and others. Among these, alkoxylates held the significant share in the market. Its alcohol derivatives are widely used with pesticides formulation due to their non-reactive properties, thus do not change the basic properties of pesticides. They are commonly used for the treatment of biddy bush, Chinese apple, and tobacco weed

“North America captured significant position in the agricultural adjuvants market”

For a better understanding of the market adoption of agricultural adjuvants, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America held the considerable share in the market and demand is expected to increase during the foreseeable future. This can be attributed to high awareness among farmers relative to other region regarding the benefits of adjuvants couple with presence of local manufacturer resulted in wide offering of adjuvants, high farm mechanization rate due to which production of more crops in a single season, and regulatory support to the manufacturers.

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