According to Market Research Future (MRFR)’s latest, global agricultural adjuvants market report is expected to acquire a significant market valuation at a striking CAGR over the forecast period.
Agricultural adjuvants are utilized to improve the efficiency of pesticides goods. Increasing demand for agrochemical products is one o the key factors driving the growth of agricultural adjuvants market. The constant population growth is also increasing the need for high agrarian productivity, which is driving the growth of the global market for agricultural adjuvants. Additionally, the growing awareness among farmers is estimated to contribute majorly to the growth of the global agricultural adjuvants market. Moreover, the increasing usage of pesticides in agricultural activities is expected to contribute to the growth of agricultural adjuvants market. Furthermore, changes in farming practices and the adoption of technology is leading to an increasing acceptance of modern farming. These factors, coupled with protected agriculture, is driving the growth of the agricultural adjuvants market. However, if the agricultural adjuvants are not appropriately used, they may damage the plants which have limited the usage of this product.
The global market for agricultural adjuvants is segmented on the basis of types, application, and crop type.
The types of agricultural adjuvants available in the market are activator adjuvants, utility adjuvants, and others. Among these, the activator adjuvant segment is expected to dominate the market share over the review period. The augmented demand for natural surfactants is estimated to substantially contribute to the growth of the activator adjuvants segment in the forecast period.
Based on the application, the market of agricultural adjuvants is segmented into fungicides, herbicides, insecticides, and others. Among these, the herbicides segment is assessed as the fastest growing segment based on the growing demand for herbicides in the market. Additionally, the fungicides segment is projected to rise at a steady growth rate over the evaluation period.
The crop types that are significant to the market are segmented into fruits & vegetables, grains & cereals, oilseeds & pulses, and others. Among these, cereals & grains dominate the market share, since it is the staple food in the majority of the regions across the globe. Nevertheless, the fruits and vegetable segment is also anticipated to witness substantial growth over the forecast period.
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The global agricultural adjuvants market has been studied in North America, Europe, Asia Pacific, and the rest-of-the-world (RoW).
The North American region is dominating the global agricultural adjuvants market, followed by Europe. Developed countries such as the U.S. and Canada are the substantial contributors in North America to the agricultural adjuvants market. Strict government rules regarding food safety are driving the agricultural adjuvants market in this region. The growing awareness regarding modern farming methods, the development of large-scale agriculture, growing demand for food products are factors expected to impact the market growth in this region over the assessment period.
Europe is a significant region of the global agricultural adjuvants and is expected to acquire a substantial market valuation over the assessment period. Developing countries such as Spain and Germany are likely to contribute majorly to the agricultural adjuvants in the European region.
The Asia Pacific (APAC) region is expected to be the fastest growing region for agricultural adjuvants market. Increasing agricultural practices in China, India, Indonesia, and Japan, is driving the growth of the agricultural adjuvants in this region. In the rest of the world, Brazil is anticipated to account for the significant share of agricultural adjuvants market.
the key players identified in the global agricultural adjuvants market are Adjuvant Plus Inc. (Canada), Akzonobel N.V. (Netherlands), Clariant International Ltd (Switzerland), Croda International PLC (U.K), Dow Corning Corp. (U.S.), Evonik Industries AG (Germany), Helena Chemical (U.S.), Nufarm Ltd (Australia), Solvay (Belgium), Huntsman Corp. (U.S.)