Agricultural Adjuvants Market 2023 by Type, End-Use and Region - Global Forecast to 2031 | WinField Solutions LLC, Nufarm, Solvay Inc., Loveland Products Inc.

The global agricultural adjuvants market size was US$ 3.5 billion in 2021. The global agricultural adjuvants market size is estimated to reach US$ 5.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2022 to 2030.

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Activators are adjuvants that are used to change the particle size, viscosity, evaporation rate, and other characteristics of agrochemicals. Surfactants, wetting agents, and oils are three types of activators available in the market. Surfactant agricultural auxiliaries are used to change the surface tension of agrochemicals, increase surface contact, reduce water runoff, and enhance leaf penetration. Agricultural adjuvants are a type of additives that are added to crop protection products or agrochemicals to improve the overall performance. Drift control agents, stickers, water conditioners, wetting agents, and penetrants are types of auxiliaries available in the market.

Factors Affecting Marketing Growth

The spraying of pesticides along with surfactant adjuvants enables the solution to spread across the target weed leaf by increasing contact with the weed leaf, which, in turn, enhances absorption capability. All these are the major factor driving the growth of the global market.
Toxicity associated with the use of agrochemicals is another considerable factor that is anticipated to hinder the growth of the global market
Industrialization trend towards the development of advanced adjuvant molecules and formulation technology that includes multi-components and multi-functional adjuvants with diverse agrochemical compatibility is another significant factor expected to drive the growth of the global market.

Impact on COVID-19 Analysis

COVID-19 had a negative impact on the growth of the global market. The downward pressure on the global economy, which had previously shown signs of improvement, has escalated once more. The outbreak of the virus has added danger factors to the international economy's already declining development. Many international groups have stated that the global economy is experiencing its most difficult moment since the financial crisis thereby hindering the growth of the global agricultural adjuvants market.

Regional Analysis

Asia-Pacific accounted for the highest global agricultural adjuvants market share in 2021 and is projected to grow at the highest CAGR during the forecast period. The Indian agriculture industry plays an important role in the economy and half of the livelihood is dependent on the agriculture sector. In addition, coupled with agricultural resources in terms of size & diversity is another considerable factor driving the growth of the global agriculture industry in the region.

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Leading Competitors

The prominent players in the global agricultural adjuvants market are:

WinField Solutions LLC
Nufarm, Solvay Inc.
Loveland Products Inc.
Helena Agri-Enterprises LLC
GarrCo Products Inc.
Evonik Industries
Croda International Plc
Corteva
Others

Segmentation Analysis
The global agricultural adjuvants market segmentation focuses on Product Type, Utilization Type, Application, and Region.

Segmentation on the basis of Product Type
Activators
Spray Modifiers
Utility Modifiers

Segmentation on the basis of Utilization Type
Tank-mix Adjuvants
In-can Adjuvants

Segmentation on the basis of Application
Pesticides
Herbicides
Insecticides
Others

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Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

Key questions answered in the global market report are:

-- How does a global company acquire markets?
-- What are its core strategies and policies?
-- What factors will influence the market over the forecast period?
-- What are the factors driving and restraining the market?
-- What are the leading competitors in the global market?
-- Which region is growing at a higher pace in the global market?

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