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Global Agricultural Adjuvants Market 2024 Future Trends, Scope, Industry Analysis And Forecast To 2033 | Major Players Are Marubeni, Evonik Industries, Solvay Inc., Nufarm Limited, The Dow Chemical Company.
Agricultural Adjuvants Market
The Business Research Company presents an extensive market research report on the Agricultural Adjuvants Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The agricultural adjuvants market size has grown rapidly in recent years. It will grow from $4.14 billion in 2023 to $4.62 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to increased demand for agrochemicals, a rise in crop damage, and a rise in the adoption of agricultural adjuvants in organic farming.
The agricultural adjuvants market size is expected to see rapid growth in the next few years. It will grow to $7 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to reducing farming lands, increasing food demand, and rising precision farming practices. Major trends in the forecast period include technological advancements, the launch of new innovative products, unmanned aerial vehicle (uav) spraying-based agricultural adjuvants, and partnerships and collaborations.
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Key Market Players:
Major companies operating in the agricultural adjuvants market report are Marubeni, Evonik Industries, Solvay Inc., Nufarm Limited, The Dow Chemical Company, BASF SE, Nouryon, Croda International Plc, Clariant AG, Stepan Company, New Tiger Co. Ltd, Jiangxi Tiansheng New Materials Co. Ltd., Dhanuka Agritech Limited, Excel Crop Care Limited, UPL Limited, Hangzhou Silway New Material Technology Co. Ltd., Wuhan Han Sheng New Material Technology Co. Ltd., Akzo Nobel N.V., Corteva Agriscience, Huntsman International LLC, Ingevity, Miller Chemical & Fertilizer LLC, Helena Chemical Company, WinField United, Wilbur-Ellis Company LLC, DGL Group Inc., ExcelAg Corp., Aloetrade America LLC, Accurate Chemical & Scientific Corporation, Scale Ag Services, AlzChem LLC, Nutrien Ltd.
Market Drivers:
Reducing farming lands is expected to boost the agricultural adjuvants market during the forecast period. Available agricultural land is decreasing day by day, which is, in turn, increasing the burden of farmers to produce high yields under limited land resources. Adjuvants are mixed with pesticides to increase their efficacy and penetration to improve crop yield. For example, in 2022, the UK reported a decrease of 2.2% of the total utilized agricultural area. Additionally, according to the statistics released by the Australia Bureau Of Statistics, an Australia-based independent statutory agency, the total agricultural land in Australia was 369 million hectares in 2021-22, a decrease of 5% from 2020-21. Furthermore, according to the 2022 Farm and Land in Farms report released by the United States Department of Agriculture (USDA), a US-based federal agency responsible for forestry, ranching, and agriculture, in 2021, the farmland in the USA decreased by 1.3 million acres. Therefore, reducing farming lands is expected to drive the agricultural adjuvants market.
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https://www.thebusinessresearchcompany.com/report/agricultural-adjuvants-global-market-report
The agricultural adjuvants market covered in this report is segmented -
1) By Type: Activator Adjuvants, Utility Adjuvants
2) By Formulation Type: Suspension Concentrates, Emulsifiable Concentrators
3) By Crop Type: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Other Crop Types
4) By Application: Herbicides, Insecticides, Fungicides, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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