Agricultural Adjuvants Market Expected to Reach $4.04 billion by 2023

The report "Agricultural Adjuvants Market by Function (Activator and Utility), Chemical Group (Alkoxylates, Organosilicones, and Sulfonates), Application (Herbicides, Fungicides, and Insecticides), Formulation, Crop Type, and Region - Global Forecast to 2023", The agricultural adjuvants market is projected to reach USD 4.04 billion by 2023, from USD 3.13 billion in 2018, at a CAGR of 5.24% during the forecast period. The market is driven by factors such as rising adoption of integrated pest management (IPM) practices across the globe, development of green adjuvant solutions, improved efficacy of pesticides, and increasing demand for lower pesticide residue on crops.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1240

Surfactants is estimated to be the most widely used function of agricultural adjuvants.

Surfactants have been mixed traditionally with pesticides, especially herbicides, to enhance the droplet retention characteristics of pesticides. The market for agricultural surfactants accounted for the largest share of the global agricultural adjuvants market. Also, among the products offered by the key players, products offered as non-ionic surfactants witness higher demand as a result of their compatibility with a broader range of pesticides.

Organosilicones segment is projected to be the fastest-growing during the forecast period.

The organosilicones segment is projected to register the highest growth rate from 2018 to 2023. Recent product developments by manufacturers utilizing the benefits of organosilicone-based surfactants have created a shift in the manufacturing of adjuvant formulations for the agricultural industry. More than 50 products based on organosilicone surfactants have been registered with the US and Canadian governments in the past 5 years. The increasing demand for these products from developed markets and positive results obtained with the use of organosilicone-based surfactants has augmented their demand. It has resulted in increased focus of crop protection companies on new product developments and commercialization of bionematicides.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1240

North America is projected to dominate the market, while Asia Pacific is projected to be the fastest-growing market for agricultural adjuvants through 2023.

The North American region accounted for the largest share due to the presence of players such as DowDuPont (US), Huntsman Corporation (US), Helena Chemical (US), and Stepan Company (US). Moreover, the presence of these companies in technologically advanced countries such as the US and Canada results in an increase in the adoption of adjuvants. Additionally, factors such as the rising number of entrepreneurial farmers with increasing awareness of modern agricultural practices and efficient distribution channels are the key competitive advantages for the North American market.

The market for agricultural adjuvants in the Asia Pacific region is projected to grow at the highest CAGR from 2018 to 2023, 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 crop growers for insecticide applications.

This report includes a study of development strategies, along with the product portfolios of leading companies. It also includes the profiles of leading companies such as DowDuPont (US), Akzonobel (Netherlands), Evonik Industries (Germany), Nufarm (Australia), Croda International (UK), BASF (Germany), Solvay (Belgium), Huntsman Corporation (US), Helena Agri-Enterprises (US), Wilbur-Ellis (US), Stepan Company (US), Clariant (Switzerland), and BRANDT (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

This release was published on openPR.