Worldwide Agricultural Adjuvants Market Key Players – Dow Dupont, BASF SE, Clariant, Evonik, Huntsman

Market Study Report, LLC, elucidates a comprehensive research of the ‘Agricultural Adjuvants market’ that mentions valuable insights pertaining to market share, profitability graph, market size, SWOT analysis, and regional proliferation of this industry. This study incorporates a disintegration of key drivers and challenges, industry participants, and application segments, devised by analyzing profuse information about this business space.

Agricultural Adjuvants Market will likely surpass USD 3 billion by 2025; according to a new research report.

Better yield crops demand has been increasing at a faster rate owing to the high population growth in developing regions such as Asia Pacific and Latin America. The Asia Pacific region is the most densely populated region in the world. Asia Pacific population grew from 4.3 billion in 2013 to 4.5 billion in 2016 and is further expected to reach 5.3 billion by 2024. This will lead to the reduction of agricultural land due to increased residential construction activities. The demand for plant protection product is also expected to increase in Asia Pacific as many countries in this region such as India, Bangladesh, Vietnam, etc are dependent on agriculture. This will subsequently boost the agricultural adjuvants demand in the region by 2024. Adjuvants are used as an additive in pesticides in order to smoothen the mixing application and increase the effectiveness of that compound.

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The prominent players in the agricultural adjuvants market are Dow Dupont, BASF SE, Clariant, Evonik, Huntsman and others.

Lack of awareness among farmers about adjuvants is the key restraining factor for entire agricultural adjuvants market growth in future. Most of the farmers are not literate and are also ignorant about the product properties and functionalities. They simply buy pesticides and use them for their crops as they do not have enough knowledge about the concentration that an adjuvant should be added to a particular pesticide. A utility adjuvant if used as an active adjuvant will not provide the desired result and may also reduce the pesticide properties. This lack of awareness about the product and its usage is the biggest hindrance for its market growth in developing economies, this market will further take time to evolve.

Agricultural adjuvants market is segmented into product, chemical group, crop type, application and region. The product segment is bifurcated into activators and utility. Among these, utility adjuvants will hold over 30% volume share of the entire segment in coming year. These adjuvants are added to improve the application of the formulation to the target plants.

The chemical group is divided into alkoxylates, sulfonates, organosilicone and other. Among these, sulfonates will capture over 25% revenue share of the overall segment. The product is mostly used in the production of anionic surfactants due to its excellent wetting, low odor, very low aquatic toxicity properties. Sulfonates are mostly used in extremely alkaline or acid water in order to smoothen the herbicides performance.

The crop type segment includes cereals & grains, oilseeds & pulses, fruits & vegetables and others. Cereals & grains segment is further segmented into corn, wheat, rice and other. Among these, corn is the key crop type segment and is likely to growth with over 4.5% CAGR in future.

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The application segment is segregated into herbicides, insecticides, fungicides and others. From these, herbicides will capture more than 50% volume share of the entire segment in coming years. Adjuvants are used in POST applications to help overcome the barriers on the leaf surface to facilitate the movement of the herbicide into leaf cells. The product improves the herbicide spreading, wetting, canopy and leaf penetration and adhesion.

Asia Pacific agricultural adjuvants market volume is likely to reach over 170 kilo tons in forecast timeframe. Climate in this region is favorable for most of the crops to be grown and wheat, rice, sugarcane is among the largest grown crops in the region. Almost 60% of the population of world resides in this region, hence demand is there. This will further boost the agricultural adjuvants market by 2024.

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