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Global Agricultural Adjuvants Market Size, Share, Growth And Industry Forecast To 2032
Agricultural Adjuvants Market Report
The Business Research Company's Agricultural Adjuvants Global Market Report 2023 identifies increasing demand for agrochemicals as the major driver for the agricultural adjuvants market's growth in the forecast period. Agrochemicals are chemical products composed of fertilizers, pesticides, and plant-growth hormones used in agriculture. An agricultural adjuvant is an auxiliary that increases the effectiveness of an agrochemical.
The global agricultural adjuvants market size grew from $3.72 billion in 2022 to $4.1 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The agricultural adjuvants market size is expected to grow to $6.05 billion in 2027 at a CAGR of 10.2%.
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Major competitors in the agricultural adjuvants market are Evonik Industries, Nufarm, Croda International PLC., Clariant International Ltd., Adjuvant Plus Inc., Helena Agri-Enterprises LLC, Solvay, Winfield Solutions LLC, BASF SE, Croda International PLC, Brenntag North America Inc., and Stepan Company.
A key trend in the agricultural adjuvants market includes technological advancements. For instance, in 2020, BASF, a German multinational chemical company announced the launch of Sentris buffering technology in the growing season of 2021. It has also been proven to reduce the potential for tank contamination by helping spray system clean-out and hygiene.
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The agricultural adjuvants market is segmented -
•By Type: Activator Adjuvants, Oil Adjuvants, Utility Adjuvants, Surfactants
•By Crop Type: Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables
•By Formulation Type: Suspension Concentrates, Emulsifiable Concentrators
•By Application: Herbicides, Insecticides, Fungicides, Other Applications
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the agricultural adjuvants market.
The Business Research Company's "Global Agricultural Adjuvants Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Agricultural Adjuvants Market Include:
1. Executive Summary
2. Agricultural Adjuvants Market Characteristics
3. Agricultural Adjuvants Market Trends And Strategies
4. Agricultural Adjuvants Market - Macro Economic Scenario
5. Agricultural Adjuvants Market Size And Growth
……
26. Africa Agricultural Adjuvants Market
27. Agricultural Adjuvants Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Agricultural Adjuvants Market
29. Agricultural Adjuvants Market Future Outlook and Potential Analysis
30. Appendix
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