Agricultural Adjuvants Market report categorizes the global market by Chemical Group (Alkoxylates, and Sulfonates), Application (Herbicides, Fungicides, and Insecticides), Function (Activator and Utility), Formulation, Crop Type, and Region. The agricultural adjuvants market was valued at USD 2.97 billion in 2017 and is projected to reach USD 4.04 billion by 2023, at a CAGR of 5.24% during the forecast period.
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The agricultural adjuvants market is a relatively small sector in the crop protection chemicals industry; however, the market has been growing at a significant rate due to the increasing need for sustainable pest management in agricultural operations in developed countries. Strong research funding by key manufacturers for product development such as drift control and anti-foam agents is expected to drive the growth of the market over the next five years.
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The agricultural adjuvants market is a relatively small sector in the crop protection chemicals industry; however, the market has been growing at a significant rate due to the increasing need for sustainable pest management in agricultural operations in developed countries. Strong research funding by key manufacturers for product development such as drift control and anti-foam agents is expected to drive the growth of the market over the next five years.
In this report, the chemical group in adjuvant formulation is classified into alkoxylates, sulfonates, organosilicones, and others, which include polyacrylates, phospholipids, and combination blends. The alkoxylates segment is estimated to account for the largest market share in 2018 since compounds of this chemical group are widely used in the formulation of surfactants. Ethoxylates and fatty alcohol alkoxylates are the two major sub-groups which are majorly used in adjuvant formulation.
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North America is estimated to lead the market in 2018; followed by Europe, owing to the high adoption of adjuvants to complement pesticide consumption in countries such as Germany, France, the US, and Canada. Increasing growth of industrial and high-value crops and rising awareness among farmers about the benefits of adjuvants are expected to provide more scope for market expansion. Moreover, ongoing research & development activities on better and efficient adjuvant solutions also render scope for growth of the market.
The major factors restraining the growth of agricultural adjuvants are the inconsistent regulatory procedures for adjuvant products across the globe and increased production costs for end-use farmers. Also, the increasing number of bans on a few pesticide classes in European and North American countries due to the growing environmental concerns caused by higher application of pesticides in agriculture—have also impacted the market to a huge extent.
The global market for agricultural adjuvants is dominated by large players such as DowDuPont (US), Solvay (Belgium), Evonik Industries (Germany), Nufarm (Australia), and Croda International (UK). Some emerging players in the agricultural adjuvants market include BASF (Germany), Akzonobel (Netherlands), Huntsman Corporation (US), Helena Agri-Enterprises (US), Wilbur-Ellis (US), Stepan Company (US), Clariant (Switzerland), and BRANDT (US).
