Agricultural Adjuvants Market to Witness Unprecedented Growth in Coming Years

18/nov/2020 13:22:58 MarketsandMarkets Contatta l'autore

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The global agricultural adjuvants market size is projected to reach USD 4.4 billion by 2026, growing at a CAGR of 6.1% from 2020. The growth of the agricultural adjuvants market is driven by factors such as the growing demand for agrochemicals and the adoption of protected agriculture technologies.

Agricultural Adjuvants Market

COVID-19 Impact on the Global Agricultural Adjuvants Market

The FAO has acknowledged that the spread of COVID- 19 pandemic is subsiding in a few countries and regions of the world. Still, it is also resurging or spreading quickly in some other countries such as Korea, Brazil, and India. This outbreak has affected significant elements of both food supply and demand. Border closures, quarantines, market supply chains, and trade disruptions have restricted people’s access to sufficient and nutritious sources of food, especially in countries hit hard by the virus. However, as the governments on a global level shut down borders and economies for restricting the spread of the coronavirus, the businesses observed major impacts on their international trades. Many markets are focusing on fulfilling their requirements for fertilizers, pesticides, and adjuvants by domestic companies. This is, however, causing an imbalance between the demand and supply quantities. However, some regions are completely dependent on imports and are facing tough situations. Adjuvants are majorly dependent on raw materials such as vegetable oils and petroleum for their production. Gradually the rise in the prices of these commodities has resulted in higher adjuvant prices. All these factors hampered the potential growth of the market at the beginning of 2020.

  • In April 2020, Corteva entered into a joint venture with the MercyOne Healthcare Organisation in order to meet the urgent need for the processing of COVID-19 samples with an initial focus on Iow area.
  • In April 2020, Solvay entered into a partnership with Boeing, who is a face shield manufacturer, wherein the company would supply high-performance, medical-grade transparent film. The strategy was a response to the rising demands for personal protective equipment amongst healthcare professionals.

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By the adoption stage, the tank-mix segment is projected to dominate the market during the forecast period.

Tank mix adjuvants are added to the farmer’s tank together with the pesticide for improving the performance of the active ingredients, along with mitigating the negative effects such as drift and bouncing. Tank mix adjuvants are added to the pesticides on the field by the crop growers before applying them over the crops. Tank mix adjuvants help in increasing the overall performance of the plant protection products. Adjuvants that are tank-mixed are mostly added to affect the efficacy of pesticides and are defined by the direct effect that they have on the crop-pesticide interaction. 

The cereals & grains segment, by crop type, is estimated to account for the largest market share, by value, in 2020

Cereals & grains accounted for the largest consumption of herbicides in North America and Asia Pacific, owing to the high cultivation of corn and wheat in countries such as the US and China. Adjuvants are added to the commercial formulae of herbicides to improve their efficacy by increasing the adhesion properties of herbicides to the leaf surface, as well as aiding transport across the waxy cuticle membrane and into the plant. Adjuvants used in herbicide treatment solutions for cereals & grains aim to improve spray droplet retention and penetration of active ingredients into the plant foliage. Thus, the cereals and grains segment is estimated to be the most popular crop type in the agricultural adjuvants market.

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Asia Pacific is projected to grow at the highest CAGR% during the forecast period

The market for agricultural adjuvants in the Asia Pacific region is projected to grow at the highest CAGR from 2020 to 2026, owing to the increasing investments by key players in countries such as China, India, and Thailand, and also the rising adoption of adjuvant technology by the crop growers for insecticide applications. Due to these factors, the market in the Asia Pacific region is projected to record the highest growth from 2020 to 2026.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the agricultural adjuvants market. It includes the profiles of leading companies such as this market include Miller Chemical and Fertilizer, LLC (US), Precision Laboratories (US), CHS Inc (US), WinField United (US), Kalo Inc. (US), Nouryon (Netherlands), Corteva (US), Evonik Industries (Germany), Nufarm (Australia), Croda International (UK), Solvay (Belgium), BASF (Germany), Huntsman Corporation (US), Clariant (US), Helena Agri-Enterprises (US), Stepan Company (US), Wilbur-Ellis Company (US), Brandt (US), Plant Health Technologies (US), Innvictis Crop Care (US), Interagro (UK), Lamberti S.P.A (US), Drexel Chemical Company (US), GarrCo Products Inc. (US), and Loveland Products Inc. (US).

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