How is Reducing Farming Lands Driving Agricultural Adjuvants Market?

The need for enhancing yield on agricultural fields is growing day by day. This can be major ascribed to the growing population across the globe and reduction in farming lands. As per the Food and Agriculture Organization, a United Nations agency, the arable land around the world decreased by about 0.8 million square km in between 2000-2015.

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This is creating a pressing need for increasing the yield of existing farming lands, so that the needs of the increasing population can be taken care. The farmers are increasingly making use of advanced technologies and agrochemicals in order to maximize the output on farms.

These factors are further resulting in the growing demand for agricultural adjuvants, which are commonly used for enhancing the performance of pesticides. These chemicals can be added to the spray tank for improving the application characteristics of pesticides .

Owing to all these attributes of these chemicals, the global agricultural adjuvants market is expected to generate a revenue of $3,778.9 million by 2023, rising from $2,777.6 million in 2017, progressing at a 5.3% CAGR during the forecast period (2018-2023). There are two types of agricultural adjuvants on the basis of function, namely utility and activator adjuvants.

Between these two, the demand for activator adjuvants, including oil-based adjuvants and surfactants, was higher in the past, which is because of their high spray retention, high solubilization, low surface tension, and low rain fastness.

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In addition to this, a number of these products have the ability to double up as utility adjuvants which results in their higher adoption. In terms of chemical group, there are three types of agricultural adjuvants-- organosilicones, alkoxylates, and sulfonates. Out of these, alkoxylates are employed extensively for a number of applications because of their non-reactive and non-ionic nature.

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