Pesticide Adjuvants Market Growth Prospects, Key Vendors, Future Scenario Forecast 2027

Pesticide adjuvants are added in the pesticides to improve their performance. It can be added into the pesticide before application or can be included while formulating pesticide. Pesticide adjuvants are included in pesticides for many reasons such as reduction of product drifting, reducing foaming, and controlling acidity.

Addition of pesticides adjuvants in pesticide formulation offer advantages such as better handling and mixing, increased safety and effectiveness, and drift reduction. Multiple advantages offered by pesticide adjuvants is expected to drive the global pesticide adjuvant market growth during the forecast period. Growing crop damage due to insects and other pests is increasing consumption of pesticides globally. This, in turn, is driving growth of the global pesticides adjuvants market. According to the Food and Agriculture Organization (FAO), global pesticide consumption in 2016 was 4,088 thousand ton, which increased to 4,114 thousand ton in 2017.

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Asia Pacific accounted for a significant market share in the global pesticide adjuvants market in 2019. This is owing to increasing demand from the agricultural sector. According to Food and Agriculture Organization (FAO), South Asia accounted for 52% whereas East Asia accounted for 26% of total Asia Pacific land, which is suitable for crop production in 2016. According to combined study of FAO and World Bank, Australia held highest rank among top 20 countries for arable land per capita in 2016. Moreover, Asia Pacific region consists of most populated countries such as China, India, Indonesia and various others. Increasing demand for food due to growing population is driving growth of agricultural sector into these countries. According to the World Bank, the India’s population was 1.324 billion in 2016 and is expected to increase up to around 1.65 billion by 2050. Therefore, Asia Pacific is projected to be the most lucrative region for growth of the pesticide adjuvants market.

Market Taxonomy:-

On the basis of product type, the global pesticide adjuvants market is segmented into:

Surfactants & Emulsifiers
Drift Control Agents
Oil Concentrates
Compatibility Agents
Water Conditioners
Others

On the basis of application, the global pesticide adjuvants market is segmented into:
Fungicides
Herbicides
Insecticides
Others

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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Players operating in the global pesticide adjuvants market include BASF SE, Akzo Nobel N.V., Croda International plc, Huntsman Corporation, Evonik Industries AG, Nufarm, Solvay S.A., Corteva, Inc., Helena Agri Enterprises LLC, Lonza Group AG, Stepan Company, Wilbur-Ellis Company, Miller Chemical and Fertilizer, LLC, Kalo Inc., Innvictis Crop Care, LLC, and Clariant AG.

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This release was published on openPR.