Global Agricultural Adjuvants Market Can Grow at 5.4% CAGR Between 2017 and 2023

Comments · 182 Views

In the agricultural sector, the modern and scientific ways of farming can yield better results.

In the agricultural sector, the modern and scientific ways of farming can yield better results. Traditional farming results in limited agricultural output in countries where modern farming methods are yet to be adopted even if the majority of people involved in the agriculture sector. On the other hand, some countries (developed countries) few people in the farming profession but the agricultural output is far higher due to the adoption of modern farming methods.

The global agricultural adjuvants industry analysis report published by Market Research Future (MRFR), calculates that this market can expands at 5.4% CAGR during the forecast period (2017-2023). Analyzing the market, this report features expert opinions to present insights into the future growth potential of this market.

The most imperative market driver for the global agricultural adjuvants market growth is the necessity for crop protection. Due to modern farming methods, agricultural adjuvants can improve the immunity system of crops. They can also improve the cost-effectiveness of such products, along with the efficiency of pesticides. Increasing awareness among the farmers and acceptance of surfactants are also boosting the market growth. Other factors elevating the market growth include a change in farming practices technology, continuous rising population, rising demand for agrochemical products, and the necessity for high agricultural productivity.

Market Segmentation

The global agricultural adjuvants market report is segmented by type, application, and crop type. MRFR’s research on the market highlights many factors of the market in-depth.

By type, the market has been segmented into activator adjuvants, utility adjuvants, and others. Among these segments, the activator adjuvants segment is expected to dominate the market during the forecast period due to the increased demand for natural surfactants.

The application-based segmentation of the market can cover fungicides, herbicides, insecticides, and others. The report mentions herbicide as the fastest-growing segment it is useful for destroying unwanted vegetation (like a weed) that draws nutrition from the soil that is meant for crops.

Regarding crop type, the market has been segmented into fruits vegetables, grains cereals, oilseeds pulses, and others. In developing countries, grains cereals dominate the market. The Substantial substantial growth of the fruits vegetable segment has been estimated till 2023. Utility adjuvants (also known as spray adjuvants) are tank-mixed in the spray solutions that not only improve but also enhance the spray application process.

To get more info: https://www.marketresearchfuture.com/press-release/agricultural-adjuvants-industry

Regional Segmentation

A geographical outlining of the global agricultural adjuvants market covers North America, Europe, Asia Pacific, and Rest-of-the-World (RoW).

North America dominates the global market, followed by Europe. The growth in this region is strong due to strict government regulations regarding food safety. Due to the presence of some of the major market players, the USA and Canada contribute maximum revenue to the market, followed by Mexico. The European region follows North America in its demand generation for adjuvants due to the cultivation of large number of crops such as rye, barley, wheat, and others.

During the forecast period, the Asia Pacific region is expected to emerge as the fastest growing regional market as modern agricultural practices are being implemented in China, India, Indonesia, and Japan.

The RoW segment covers uncategorized regions and countries, among which, Brazil is the most important market.

Key Players

Big players in the global agricultural adjuvants market are Adjuvant Plus Inc. (Canada), AkzoNobel N.V. (Netherlands), Clariant International Ltd (Switzerland), Croda International PLC (UK), Dow Corning Corp. (USA), Evonik Industries AG (Germany), Huntsman Corp. (USA), Helena Chemical (USA), Nufarm Ltd (Australia), and Solvay (Belgium).

Latest Industry News

The American Farm Bureau Federation and the National Industrial Hemp Council have asked the Environmental Protection Agency (EPA) to add ten crop protection products for its use in the cultivation of hemp. Some products have the ingredients of agricultural adjuvants.

Syngenta has launched Vayantis Fungicide for crop protection. Vayantis Fungicide can protect crops like canola, cereals, corn, oilseed rape, and soybeans from bacterial infection. The agricultural adjuvant contained by Vayantis Fungicide is Picarbutrazox can save crops from Pythium and Phytophthora and thus, ensure better germination, stronger stand establishment, and higher yields.

Comments