The global agricultural adjuvants market revenue was around US$ 3.7 billion in 2022 and is estimated to reach US$ 6.3 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2023 to 2031.
An agricultural adjuvant is any substance that improves the efficiency of pesticides, including fungicides, herbicides, insecticides, and many other agents that eradicate or manage unsolicited pests. Like medical adjuvant, agriculture adjuvant is not directly responsible for eradicating or managing pests. These additives allow the pesticides to target, penetrate, or protect the organism by altering a certain property of the spray solution.
Market Driving Factors
A shift in the preference from chemically synthesized adjuvants to environment-friendly choices is being observed as the latest trend in the market. Traditionally, adjuvants were chemically synthesized from derivatives of sulfonates, alkoxylates, amines, and organosilicon, which have proven dangerous to the environment. In addition, a majority of these agrochemicals have been determined as phytotoxic, which is a potential hazard to the food chain, due to which manufacturing firms are concentrating on the development of environment-friendly adjuvants, which are biodegradable.
Surging investments in the agriculture sector drives market growth. This is due to the huge finances and capital flows, mainly for the development of new products, for higher yield and more profitable crop quality.
The increasing demand for green adjuvant is estimated to create lucrative possibilities for market expansion. This is mainly due to the increasing focus on health and wellness among customers. As a result, consumers are progressively inclined toward organically produced foods. Therefore, companies are concentrating on creating eco-friendly and bio-based adjuvants such as organo-modified siloxanes, modified vegetable oils, and methylated seed oil.
Strict regulations and high price are estimated to hamper the market.
Regional Analysis
North America dominated the market in terms of the largest share and is estimated to continue its dominance. This can be attributed to the increase in the use of agricultural adjuvants for crop protection owing to the surge in demand for organic products. Furthermore, the stringent regulatory framework restricting the use of pesticides has aided the market growth in the region. Moreover, the high usage of agrochemicals in the region, generally used through adjuvants, is also the main reason for boosting the market growth.
Asia-Pacific is estimated to dominate the market in terms of the growth rate. Increasing population and agricultural yield will raise demand for agricultural adjuvants in the region. Additionally, globalization of the crop protection chemical industry has impacted Japan. Furthermore, the market for fungicides, herbicides, insecticides, fertilizers, and plant growth regulators (PGR) is estimated to grow faster in Japan owing to population growth, surge in grain and cereal production, and economic development.
Segmentation Insights
Utilization Type Insight
The tank-mix adjuvants segment dominates the market in terms of the largest revenue and is expected to maintain its dominance during the forecast period. Tank-mix adjuvants are a kind of adjuvants that are added separately into the spray tank along with the usage of other agrochemicals. In addition, tank-mix adjuvants are capable of enhancing and increasing the performance of plant protection or agrochemical products. These adjuvants are proven to improve retention, wetting of sprayed agrochemicals, liquid droplet spreading, and penetration of agrochemicals.
Application Insight
The herbicide segment is the highest contributor in the market. Chemicals known as herbicides are employed to handle undesirable vegetation. The most frequent usage of herbicides is in farming fruits, oilseeds, vegetables, and row crops and is applied before or during planting to raise crop productivity by lowering other vegetation. Furthermore, different herbicides are used by the farmers in addition to atrazine, glyphosate, cyanazine, dicamba, and trifluralin. When a selective herbicide is applied, it kills the targeted weed without harming the other plants.
Prominent Companies
Segmentation Outline
The global agricultural adjuvants market segmentation focuses on the Product Type, Utilization Type, Application, and Region.
By Product Type
By Utilization Type
By Application
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL AGRICULTURAL ADJUVANTS MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: AGRICULTURAL ADJUVANTS MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL AGRICULTURAL ADJUVANTS MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL AGRICULTURAL ADJUVANTS MARKET, BY PRODUCT TYPE
5.1 OVERVIEW
5.2 ACTIVATORS
5.3 SPRAY MODIFIERS
5.4 UTILITY MODIFIERS
6 GLOBAL AGRICULTURAL ADJUVANTS MARKET, BY UTILIZATION TYPE
6.1 OVERVIEW
6.2 TANK-MIX ADJUVANTS
6.3 IN-CAN ADJUVANTS
7 GLOBAL AGRICULTURAL ADJUVANTS MARKET, BY APPLICATION
7.1 OVERVIEW
7.2 PESTICIDES
7.3 HERBICIDES
7.4 INSECTICIDES
7.5 OTHERS
8 GLOBAL AGRICULTURAL ADJUVANTS MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3.1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL AGRICULTURAL ADJUVANTS MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 EVONIK INDUSTRIES
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 WINFIELD SOLUTIONS LLC
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 BASF SE
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 CORTEVA
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 HELENA AGRI-ENTERPRISES LLC
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 LOVELAND PRODUCTS INC
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 CRODA INTERNATIONAL PLC
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 GARRCO PRODUCTS INC
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 NUFARM
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 SOLVAY INC
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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