Global Agricultural Activator Adjuvants Market to Reach $3.5 Billion by 2028

According to a recent research report titled "Agricultural Activator Adjuvants Market by Adoption Stage (In-formulation and Tank-mix), Type (Surfactants and Oil-based Adjuvants), Application (Herbicides, Insecticides, Fungicides) Crop Type and Region," published by MarketsandMarkets, the agricultural activator adjuvants market is estimated to be worth USD 2.6 billion in 2023, with a projected growth to USD 3.5 billion by 2028, reflecting a CAGR of 6.0% between 2023 and 2028.

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Global Adoption of Agricultural Activator Adjuvants

The adoption of agricultural activator adjuvants is currently highest in developed countries such as the United States, Canada, and Western Europe. However, there is a rapid increase in adoption rates in developing nations like India, China, and Brazil. Several factors contribute to this trend, including the growing demand for food, increased awareness of the benefits of agricultural activator adjuvants, and greater availability of these products in emerging markets.

Oil-based Adjuvants Set to Lead Growth

Within the agricultural activator adjuvants market, the segment for oil-based adjuvants is expected to experience the highest Compound Annual Growth Rate (CAGR) during the forecast period. This growth is attributed to several factors, including the increasing global population, rising crop prices, greater usage of crop protection chemicals, and the growing demand for biofuels.

Farmers and growers are becoming increasingly aware of the advantages offered by oil-based adjuvants. These benefits include improved coverage, reduced drift, and enhanced penetration of pesticides and herbicides. Furthermore, oil-based adjuvants can boost the effectiveness of these chemicals, leading to increased crop yields. In developing countries, where the need to produce more food for a growing population is pressing, this becomes particularly crucial. Manufacturers are continuously developing more effective and user-friendly oil-based adjuvants, making them increasingly appealing to farmers and growers.

Cereals and Grains Drive Market Growth

The cereals and grains segment, within the crop type category, emerged as a driving force in the agricultural activator adjuvants market in 2022. Cereals and grains represent the most widely cultivated crops globally and are paramount for food security. As the global population continues to grow, there is a rising demand for these crops, which places significant pressure on farmers to produce more food from the same land area.

Cereals and grains are particularly vulnerable to pests and diseases, necessitating the use of pesticides. However, the expense and environmental impact of pesticides pose challenges. Activator adjuvants can assist in reducing pesticide usage while still ensuring effective pest control. Additionally, monoculture farming practices make these crops more susceptible to pests and diseases, making activator adjuvants valuable in bolstering plant health and resilience.

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Brazil Leading in South America

Brazil is anticipated to dominate the South American agricultural activator adjuvants market during the forecast period. As the world's largest consumer of pesticides, Brazil's agricultural sector continues to expand. The adoption of precision farming practices in the country necessitates the use of adjuvants to ensure the effective application of crop protection chemicals. Leading players like BASF SE, Bayer, Wilbur-Ellis, Dow, and Syngenta offer a diverse range of activator adjuvants tailored to the needs of Brazilian farmers.

Brazilian farmers face growing pressure to produce high-quality agricultural products for both domestic and export markets. Adjuvants play a crucial role in improving the effectiveness of crop protection chemicals, potentially leading to higher yields and superior crop quality.

Key Market Players

Major players in the agricultural activator adjuvants market include Corteva (US), Evonik (Germany), Solvay (Belgium), BASF SE (Germany), CHS Inc. (US), Corda International Plc (UK), Nufarm (Australia), Clariant (Switzerland), and Stepan Company (US).

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