Global Agriculture Adjuvants Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2023-2032

The global agricultural products market is valued at USD 3.64 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2032. The growth of the industry can be attributed to factors such as increasing demand for agrochemical products in the agricultural sector across the globe. Approximately 25% of global crop yields are lost each year to disease, pest and weed infestations. Pesticides play an important role in protecting crops and increasing crop yields and production. The consumption of pesticides is also expected to boost the market as most of the excipients are used in pesticides. According to the Food and Agriculture Organization (FAO), global pesticide consumption was 4.2 million tonnes in 2019, an increase of 11.6% from 2009.

Pesticide use has increased by 436,000 tons over the past decade. Moreover, according to the FAO, the total trade volume of pesticides will increase by about 30% in 2020, with the United States being the largest importer of pesticides, worth US$6.9 million. Therefore, the growing global pesticide consumption has also increased the demand for agricultural aids. However, various regulations on product usage by various authorities around the world may hinder the market growth. The activator adjuvants segment dominated the industry in 2022, accounting for the largest share of total sales at 70.4%. This growth can be attributed to the fact that pesticides have higher penetration and absorption rates when applied with activator adjuvants, helping control insects, weeds and diseases. Activator adjuvants are chemical products that improve the performance of crop protection products. For example, herbicides have the ability to penetrate and kill unwanted plants and weeds. However, when an activating adjuvant is added to the herbicide, the herbicide penetrates the weeds more easily.

The excipients segment is also estimated to witness significant growth during the forecast period. The growth of this segment is due to increased use of pesticides to limit the growth of various undesirables on agricultural land. There are various types of additives depending on the application. The Excipients segment includes compatibilizers, buffers, drift control agents, water conditioners, defoamers, scale agents and acidulants. Adjuvants are primarily non-pesticide adjuvants and are added to the spray solution in the tank. Among the useful adjuvants, compatibilizers are widely used in formulating crop protection products.

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Market Segmentation:
By Types
Activator Adjuvants
Utility Adjuvants

By Applications
Herbicides
Fungicides
Insecticides

Following are Top Key players Covered in Report:
DowDuPont
AkzoNobel
Evonik
Solvay
Huntsman
Nufarm
Helena
Wilbur-Ellis
Brandt
Stepan
Oro Agri
Adjuvant plus
Lamberti
Clariant
Momentive Performance Materials

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Regional Analysis:
1. North America: This region includes countries like the United States and Canada. North America has a well-established agricultural sector, and the use of agriculture adjuvants is widespread to enhance the performance of agrochemicals and improve crop yields.

2. Europe: European countries like Germany, France, the United Kingdom, and Spain have a significant presence in the agriculture adjuvants market. The region has a strong focus on sustainable agriculture practices and the use of adjuvants to optimize pesticide and fertilizer applications.

3. Asia Pacific: The Asia Pacific region encompasses countries such as China, India, Japan, and Australia. It is a rapidly growing market for agriculture adjuvants due to the increasing population, rising demand for food, and adoption of modern agricultural practices.

4. Latin America: Countries like Brazil, Argentina, and Mexico play a crucial role in the agriculture adjuvants market in Latin America. The region has extensive agricultural activities, including large-scale crop production, which drives the demand for adjuvants.

5. Middle East and Africa: This region includes countries like South Africa, Egypt, and Saudi Arabia. The agriculture adjuvants market in the Middle East and Africa is driven by the need to improve agricultural productivity in arid and semi-arid regions through the use of adjuvants.

Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Agriculture Adjuvants market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Agriculture Adjuvants would help in identifying future applications in this market.

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Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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