How is Agricultural Adjuvants Market Being Driven by Increasing Population? | Major Key Players are DowDuPont Inc., BASF SE, Akzo Nobel N.V., Solvay S.A., Clariant AG

The investments in the global agriculture sector are rising rapidly, which will lead to its swift expansion. These investments are predicted to come from non-profit global organizations, agrochemical conglomerates, venture capitalists, and inter-governmental agencies. As per the Organisation for Economic Co-operation and Development, in terms of disbursements, the global development flows rose from $7.8 billion in 2010 to about $9.4 billion in 2016.

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Similarly, several other investments have been made in the agriculture sector, some specifically for farm robotics, supply chain technologies, novel farming systems, farm management, and farm agrochemicals. These investments are projected to reduce production costs, increase average income of farmers, and improve logistics. These factors will result in the expansion of the agriculture industry, and as the industry makes large-scale use of agricultural adjuvants, their demand will rise as well.

Agricultural adjuvants are substances which are used to enhance the performance and properties of a pesticide formulation. These substances are added to insecticides, herbicides, fungicides, and other pesticide formulations, which include bactericides. As per a study by P&S Intelligence, in 2017, the global agricultural adjuvants market reached a value of $2,777.6 million and is expected to generate $3,778.9 million, registering a 5.3% CAGR, in the near future.

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Agricultural adjuvants function as utility adjuvants and activator adjuvants. Utility adjuvants help alter the physical properties of pesticides in order to enhance their compatibility with plants, reduce their interaction with water ions, and increase their drift and deposition on the plant surface, along with preventing or reducing foaming, causing coloration, and forming buffer. Activator adjuvants improve the effectiveness of pesticides by increasing their wettability and dispersion, improving penetration in plants, and reducing surface tension. Among these two, the larger demand was created for the activator adjuvants during the time period 2013-2017.

The population across the world is rising swiftly, and as a result, the demand for food is also growing. As per the United Nations Department of Economic and Social Affairs, the global population is projected to reach 9.8 billion by 2050 from 7.6 billion in 2017. This additional population will create a huge demand for cash crops, food crops, and horticulture crops in the near future. In order to cater to these needs, there is an increased requirement for agrochemicals to improve the yield.

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A major obstacle in achieving this is the shrinking of cultivable land due to the rising migration and growing population. Hence, there is a growing need for increasing the productivity of cultivable area, which can be done through the utilization of agricultural adjuvants. At the present time, there is also a surging need for environment-friendly agricultural adjuvants, which is why the preference from chemically synthesized adjuvants in shifting.

Generally, adjuvants are synthesized chemically from derivatives of sulfonates, amines, and alkoxylates. However, various studies conducted in relation to these chemicals revealed their non-environmental-friendly nature and toxicological profile. Moreover, majority of these agrochemicals have been identified as phytotoxic in nature, which can be a potential threat to the food chain in case of absorption by the roots, soil, and seeds. Due to this, the synthesis of biodegradable, environment-friendly, and non-toxic adjuvants is being emphasized upon by the recent advancements in adjuvant development.

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