Agricultural Adjuvants Market Analysis Report Provides Key Players (DowDuPont Inc., BASF SE, Akzo Nobel N.V., Solvay S.A., Clariant AG, Croda International PLC, Brandt Consolidated Inc.), Opportunities, Growth Rate and Demand Forecast to 2023

Agricultural adjuvants market is projected to reach $3,778.9 million by 2023. The market growth is driven by the increasing demand for agricultural adjuvants to improve pesticide efficacy and, thereby, crop yield. The agricultural adjuvants market is categorized into activator and utility adjuvants. Activator adjuvants held a larger market share in 2017, accounting for more than 65.0% in terms of the sales volume.

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Based on chemical group, the agricultural adjuvants market is categorized into alkoxylates, organosilicones, sulfonates, and others. In 2017, alkoxylates accounted for more than 50.0% market share in terms of volume. Alkoxylates are generally non-ionic in nature and, therefore, preferred for use in pesticide formulations for the treatment of broadleaf weeds. Owing to their non-ionic nature and growing application, the demand for these adjuvants is expected to increase during the forecast period.

On the basis of crop type, the agricultural adjuvants market is classified into cereals and grains, oilseeds and pulses, fruits and vegetables, and others. In 2017, cereals and grains held the largest market share in terms of volume, accounting for nearly 45.0%. With shrinking arable land and increasing population, there is an increased pressure to maximize crop yield from existing farmlands and agricultural installations.

Globally, the agricultural adjuvants market is expected to witness the fastest growth in APAC, with 6.2% CAGR during the forecast period. This growth can be majorly attributed to the presence of emerging economies, such as India and China, in the region. Additionally, the growing penetration of adjuvants and the introduction of novel, low-cost products are expected to drive the growth of the APAC agricultural adjuvants market in the near future.

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Some of the major players operating in the global agricultural adjuvants market are DowDuPont Inc., BASF SE, Akzo Nobel N.V., Solvay S.A., Clariant AG, Croda International PLC, Brandt Consolidated Inc., Huntsman Corporation, Evonik Industries AG, Stepan Company, Wilbur-Ellis Holdings Inc., and Helena Agri-Enterprises LLC.

GLOBAL AGRICULTURAL ADJUVANTS MARKET SEGMENTATION

By Function

Activator Adjuvants
Surfactants
Non-ionic
Ionic
Amphoteric
Oil-based adjuvants
Vegetable oil
Petroleum oil
Utility Adjuvants
Compatibility agents
Buffers/acidifiers
Anti-foaming agents
Water conditioners
Drift control agents
Others
By Chemical Group

Alkoxylates
Sulfonates
Organosilicones
Others
By Formulation

Built-In
Tank-Mix
By Application

Herbicides
Insecticides
Fungicides
Others
By Crop Type

Cereals and Grains
Oilseeds and Pulses
Fruits and Vegetables
Others
By Geography

North America
U.S.
Canada
Europe
Germany
France
Italy
U.K.
Poland
Rest of Europe
Asia-Pacific (APAC)
China
India
Indonesia
Australia
Rest of APAC
Latin America (LATAM)
Brazil
Mexico
Rest of LATAM
Middle East and Africa (MEA)
South Africa
Rest of MEA

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