Market Snapshot
| Study Period: | 2017-2027 |
| Base Year: | 2021 |
| Fastest Growing Market: | Asia Pacific |
| Largest Market: | North America |
| CAGR: | 6.2 % |
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Market Overview
The agricultural adjuvants market is projected to witness a CAGR of 5.8% during the forecast period, 2022-2027.
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 a necessity, due to which the impact of COVID-19 on the market is observed to be minimum.
The need for increased agricultural productivity to meet the global food demand has necessitated the increased use of crop protection chemicals, which is, in turn, driving the market for agricultural adjuvants.
The market is also growing on the back of increased emphasis on the enhanced effectiveness of crop protection chemicals in varied climatic conditions, necessitating the need for innovations in terms of the adjuvants used in them.
The agricultural adjuvants market is fragmented, with a majority of the market occupied by smaller regional players.
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, enhancing the wettability of the crop protection chemical, ensuring its uniform spread on the leaves, increasing penetration in the case of systemic crop protection chemicals, increasing its compatibility with foliar fertilizer sprays, etc.
The Agricultural Adjuvants Market is segmented by Type (Activator Adjuvants (Surfactants and Oil Adjuvants) and Utility Adjuvants), Application (Insecticide Adjuvants, Herbicide Adjuvants Fungicide Adjuvants, and Other Applications), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market size and forecasts for the Agricultural Adjuvants Market in value (USD million) for all above the segments.
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| Herbicide Adjuvants | |
| Insecticide Adjuvants | |
| Fungicide Adjuvants | |
| Other Applications |
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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. In India total Food grain production in the country is estimated at record 305.44 million tonnes in 2021, which is higher by 7.94 million tonnes than the production of food grain of 297.50 million tonnes achieved during 2019-20. 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 724.2 million metric ton in 2019 to 726.9 metric tons in 2020, thus, the farmers across the globe are being supported by the respective governments for the judicious use of adjuvants.
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North America Dominates the Market
North America accounted for the majority of the share of the adjuvants market, whereas all other regions occupied smaller shares. North America is one of the largest markets for advanced crop protection technologies. The usage of crop protection chemicals was as high as 2.38 kg per hectare in the United States in 2018. With large acreages under crops such as corn and soybean, which consume large quantities of crop protection chemicals, the usage of adjuvants is also higher. At the farmer level, with greater awareness about the scientific practices of crop protection, the usage of adjuvants are also at a high level.
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Competitive Landscape
The market for agricultural adjuvants is a consolidated market, with local players occupying a maximum share of the market. Key players in the market are focusing on new product launches to cater to a wider consumer base and expand their market share. Investment in research and development of cheap, effective products is another strategy adopted by market leaders. The key players in the market are competing against each other mainly by investing in research to launch new products by adopting strategies such as mergers and acquisitions and partnerships. The companies in the future will majorly be seen as introducing new products through collaborations with other tech firms to gain a market share. Some of the major players in the market are Nufarm, Bayer Cropscience, Croda International PLC, Evonik Industries AG, and Attune Agriculture.
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Recent Developments
In 2021, Attune Agriculture made a partnership with Nufarm Grupo to expand Ampersand adjuvant in Mexico. Ampersand adjuvant works differently than typical surfactants. Most spreaders/stickers rely on droplet spread for leaf coverage.
In 2021, Attune Agriculture announced the expansion of new crop products in the market. The company partnered with Commodit Ag to sell Accomplice, which is an all-in-one adjuvant designed for application on row crops.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Activator Adjuvants
5.1.1.1 Surfactants
5.1.1.2 Oil Adjuvants
5.1.2 Utility Adjuvants
5.2 Application
5.2.1 Herbicide Adjuvants
5.2.2 Insecticide Adjuvants
5.2.3 Fungicide Adjuvants
5.2.4 Other Applications
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Russia
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Argentina
5.3.4.2 Brazil
5.3.4.3 Rest of South America
5.3.5 Africa
5.3.5.1 South Africa
5.3.5.2 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Adopted Strategies
6.3 Company Profiles
6.3.1 Adjuvant Plus Inc.
6.3.2 Akzonobel NV
6.3.3 Brandt Consolidated Inc.
6.3.4 Croda International PLC
6.3.5 Evonik Industries AG
6.3.6 Garrco Products Inc.
6.3.7 Helena Chemical Company
6.3.8 Huntsman Corp.
6.3.9 Interagro (Uk) Ltd
6.3.10 Lamberti SPA
6.3.11 Momentive Performance Materials Inc.
6.3.12 Nufarm
6.3.13 Solvay
6.3.14 Wilbur-Ellis Company
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
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Frequently Asked Questions
What is the study period of this market?
The Global Agricultural Adjuvants Market market is studied from 2017 - 2027.
What is the growth rate of Global Agricultural Adjuvants Market?
The Global Agricultural Adjuvants Market is growing at a CAGR of 6.2% over the next 5 years.
Which region has highest growth rate in Global Agricultural Adjuvants Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Global Agricultural Adjuvants Market?
North America holds highest share in 2021.
Who are the key players in Global Agricultural Adjuvants Market?
Bayer Cropscience, Croda International PLC, Nufarm, Evonik Industries AG, Attune Agriculture are the major companies operating in Global Agricultural Adjuvants Market.
