IMARC Group's report titled “Agricultural Adjuvant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global agricultural adjuvant market size reached US$ 3.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.1 Billion by 2028, exhibiting a growth rate (CAGR) of 6.24% during 2023-2028.
Agricultural adjuvants are additives used with agricultural pesticides, herbicides, and fungicides to enhance their efficacy and improve performance. These additives are designed to modify the properties of the pesticide formulations, enabling better dispersion, adhesion, and penetration on plant surfaces. It is available in various types, such as surfactants, oils, wetting agents, spreaders, and stickers, each serving specific functions in optimizing pesticide applications. For instance, surfactants are a common type of adjuvant that reduces the surface tension of liquid formulations, ensuring better coverage and penetration on leaf surfaces. Oils act as carriers, facilitating the absorption of the active ingredients into the plant tissues, while wetting agents improve the pesticide's ability to spread evenly across the plant surface, and spreaders help extend the coverage area. Stickers increase the adhesion of the pesticide to the plant, reducing wash-off by rain or irrigation. Additionally, it offers several benefits to farmers and the environment by enhancing the efficiency of pesticides, lower application rates, improving coverage, and reducing the chemical load on crops and the surrounding environment. It is also essential for farmers to select the appropriate adjuvants based on the specific pesticide and target crop to ensure compatibility and maximize effectiveness.
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Agricultural Adjuvant Market Trends and Drivers:
The agricultural adjuvant market is primarily driven by the rising food demand. In addition, the growing population and rapid urbanization are increasing pressure on agricultural sectors to produce higher yields, thus influencing market growth. Farmers and growers seek advanced solutions to optimize crop protection strategies and maximize agricultural productivity. In line with this, agricultural adjuvants are essential in achieving these objectives by improving the effectiveness of pesticides and herbicides, reducing waste, and minimizing the use of agrochemicals, thus influencing market growth. Moreover, the development of innovative and multifunctional adjuvant formulations and investment in research and development (R&D) to create adjuvants that improve the performance of agrochemicals represents another major growth-inducing factor. It also offers additional benefits, such as buffering capabilities to adjust the potential of hydrogen (pH) levels of spray solutions, anti-foaming agents to reduce foam formation during mixing, and water conditioning agents to enhance compatibility with hard water sources. Along with this, the integration of such functionalities in agricultural adjuvants streamlines the application process, improves efficiency, and contributes to better crop health and yield, thus propelling market growth. Besides this, the widespread adoption of precision agriculture practices involves using modern technologies, such as global positioning system (GPS)-guided equipment and remote sensing, to precisely target and apply agrochemicals, thus accelerating the market growth. Furthermore, agricultural adjuvants assist in ensuring the accurate and uniform distribution of pesticides and herbicides on crop surfaces, optimizing their absorption and minimizing off-target drift, enhancing the effectiveness of pest and weed control and reducing unnecessary wastage, leading to cost savings for farmers and a more sustainable approach to agriculture, thus creating a positive market outlook.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Activator Adjuvant
- Utility Adjuvant
Breakup by Crop Type:
- Cereals & Oilseeds
- Fruits & Vegetables
- Others
Breakup by Application:
- Herbicides
- Fungicides
- Insecticides
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Akzo Nobel N.V.
- Croda International PLC
- Corteva Agriscience
- Evonik Industries Ag
- Solvay SA
- Huntsman International LLC.
- Nufarm Limited
- Helena Agri-Enterprises, LLC
- Wilbur-Ellis Holdings, Inc.
- Brandt Consolidated, Inc.
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