Global Agricultural Adjuvants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The global market is forecasted to reach a value of USD 3,957.6 million by 2025 with a CAGR of 5.8% during the forecast period 2020-2025. The North America region dominated the market in 2019.

• The need for increased agricultural productivity to meet the global food demand has necessitated the increased use for crop protection chemicals, which is, in turn, is driving the market for agricultural adjuvants.
• The market is also growing on the back of increased emphasis on enhanced effectiveness of crop protection chemicals in varied climatic conditions, necessitating the need for innovations in terms of the adjuvants used in them.
• The global agricultural adjuvants market is fragemented with a majority of the market occupied by smaller regional players.
• Due to the impact of COVID-19, in certain economies where there was a transportation issue, major companies were compelled to improve their investments for the development of alternate supply chain networks for the distribution of agricultural adjuvants. However, similar to all the food products, agricultural inputs such as adjuvants were also considered as a necessity, due to which the impact of COVID-19 on the market is observed to be minimum.

Scope of the Report

As per the scope of the report, agricultural adjuvants are secondary products that are used to improve efficiency and facilitate the functions of agrochemicals, such as insecticides, herbicides, and fungicides. Adjuvants perform multiple functions, enhacing the wettability of the crop protection chemical, ensuring its uniform spread on the leaves, increasing penetration in the case of systemic crop protection chemicals, increase its compatibility with foliar fertilizer sprays, etc.

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Key Market Trends

Growing Food Demand and Shrinking Land Driving the Market for Adjuvants

Global population is increasing exponentially and every day nearly 200,000 people are getting added to the world food demand. According to US population division, world’s human population has increased nearly fourfold in the past 100 years and it is projected to reach 9.2 billion by 2050. Supplying food to this growing population has become a global threat. Farmland per capita in 2030 is expected to decrease to 1800m² from 2,200m² in 2005. Making it more worse as various crop pests are causing 10-16% of global crop losses annually. So, to meet the global food demand crop protection is the key strategy adopted by farmers. Use of adjuvants alondside pesticides over crops is a proven technology for increasing global food production. The area under cultivation for cereals declined globally from 729.2 million metric ton in 2017 to 724.4 metric tons in 2019, thus, the farmers across the globe are being supported by the respective governments for the judicious use of adjuvants.

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