Agrochemicals Additives Market: A Growing Force in Sustainable and Productive Agriculture

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Agrochemical Additive Market Size, Share & Trends Analysis Report By Type (Fertilizers, Pesticides, Insecticides, Herbicides, And Fungicides), Form (Solid And Liquid),Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, And Others (Plantation Crops And Hydroponics)), Application (Traditional Pesticides, Seed Treatment, Micronutrients And Fertilizers, Soil Health, And Others)- Market Outlook And Industry Analysis 2031"
The global agrochemicals additives market is estimated to reach over USD 2.53 billion by 2031, exhibiting a CAGR of 4.67% during the forecast period.

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In agricultural regions, agrochemicals play a role in the management of microorganisms and agricultural ecosystems. To enhance the biocompatibility and performance of the substances and facilitate their sprinkling and handling, they are frequently insoluble in water and necessitate the application of a surfactant or solvent. As an assortment of agrochemicals, fertilizers, pesticides, herbicides, insecticides, and fungicides are included. As a consequence of expanding urbanization, governmental support initiatives, and investment programs, it is expected that farmers' focus will transition from manual agriculture to critical technological processes such as oxidation, sulfonation, amidation, and alkoxylation. Increasing food demand would increase the demand for agricultural products, thereby driving the demand for agrochemical additives throughout the forecast period.

Increasing consumer aversion to chemical additives and preference for biopesticides is anticipated to restrain the growth of the agrochemical additives market over the forecast period.

List of Prominent Players in the Agrochemicals Additives Market:
• BASF SE
• Bayer AG
• PhosAgro
• Saudi Arabia Fertilizer Company (SAFCO)
• OCI N.V.
• S.A OCPJordan Abyad Fertilizers and Chemicals Company
• K+S KALI GmbH
• Heringer
• DowDuPont
• FMC Corporation
• DuSolo Fertilizers
• Yara International ASA
• Israel Chemicals Limited (ICL)
• The Mosaic Company
• WinHarvest Pty Ltd
• Syngenta AG
• Nutrient Ltd.

Market Dynamics:
Drivers-
Population growth has led to a surge in the worldwide consumption of packaged foods, which has subsequently increased the need for agricultural products and, consequently, agrochemical additives. Increasing numbers of agricultural chemicals are currently being utilized to increase crop yield, and the agriculture sector is expanding. In response to the escalating food requirements, the application of agrochemicals such as fertilizers and pesticides has become essential. The use of agrochemicals to improve soil moisture, plant development, and crop yield and quality is critical. Based on their varieties, agrochemicals are classified as fertilizers, pesticides, insecticides, and other similar terms. Fertilizers are widely employed to enhance crops' and soil's nutritional value, thereby contributing to increased agricultural output, fertility, and output of agro products.

Challenges:
Increasing urbanization and industrialization have led to a decline in agricultural land and a loss of rural areas as a consequence of the construction of residences, highways, and various other institutions of infrastructure. As a result, the market growth of agrochemical additives is impeded. In addition, physical agriculture has been supplanted by fundamental technologies such as amidation, sulfonation, oxidation, and alkoxylation, which are anticipated to progressively retard market expansion. The stringent regulations and policies imposed by governmental incentives and investment initiatives account for this.

Regional Trends:
Asia-Pacific is anticipated to hold a substantial value market share relative to all other regions as a result of the increasing demand for agricultural activities in the area. This is due to the fact that agriculture is a standard industry in developing countries and those with limited land area are compelled to use agricultural additives to increase productivity per acre. By increasing output rates on the same area of land, additives will generate employment opportunities that will support and promote the oversupply of labor in the agrochemical industry.

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Recent Developments:
• In May 2022, The VICTRATO® seed treatment technique was introduced by Syngenta. It targets nematodes and fungal diseases, intending to increase crop quality and yield while enhancing the soil's long-term health.
• In December 2019, A joint venture between Solvay and Anthea, a significant manufacturer of speciality chemicals in India, was established as "CATàSYNTH Speciality Chemicals." This was to be used by the two businesses to start making catechol derivatives. In addition, it is dedicated to creating and providing a wide variety of products, such as helional and heliotropin (piperonal), which are extensively used in the agrochemical, pharmaceutical, and flavors and perfumes industries.

Segmentation of Agrochemicals Additives Market-
By Type-
• Fertilizers
• Herbicides
• Fungicides
• Pesticides
• Insecticides

By Form-
• Solid
• Liquid

By Crop type-
• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Others (Plantation Crops and Hydroponics)

By Application-
• Traditional Pesticides
• Seed Treatment
• Micronutrients and Fertilizers
• Soil Health
• Others

By Region-
North America-
• The US
• Canada
• Mexico

Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Argentina
• Rest of Latin America
• Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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This release was published on openPR.