Agriculture Adjuvants Market is estimated to grow at the CAGR of 5.9%

Reports And Markets Publish a New Market Research Report On –"Agriculture Adjuvants Market - By Type, Application and Geography-Trends and Forecasts (2017 - 2022)"

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Market Insight

Product innovation and geographical expansion have been the major strategies adopted in agricultural adjuvants industry aimed at acquiring greater market presence. Adjuvant formulations have become more sophisticated as companies are introducing environment friendly alternatives to existing products. Adjuvants are being increasingly applied with biopesticide formulations and for precision agriculture.

Companies like BASF, Dow AgroSciences and Monsanto are coming up with new and innovative products by using improved technologies in order to reduce drift. The market was worth $2,293.2 million in 2013. The market is estimated to grow at the CAGR of 5.9% during the forecast period of 2016-2021 and is estimated to reach $3556.4 million by 2021.

Market Dynamics

Growth in adoption of precision farming is the major factor driving the growth of the market. Increased cost of agriculture chemicals and pressure on farmers to increase yield has paved way for use of agriculture adjuvant. Adjuvant is also added by the farmers to prevent losses from diseases and pests. GM seeds which ensure increased yield and reduction in use of agro chemicals are restraining the growth of the market.

Also emphasis on sustainable farming and increased practice of it is gradually slowing down application of chemicals in agriculture. The Asia-Pacific market is the potential market and key players are strategizing to enter in countries such as China, India, and Thailand among others.

Market Segmentation

Global Agricultural Adjuvants market is segmented by type, by application and by geography. Fertilizer and pesticide adjuvants are the major applications accounting for around 45% of the market share. Pesticide adjuvant is the fastest growing segment during the forecast period due to increased priority on post-harvest wastage reduction especially in developing countries.

Activator and oil adjuvants are the major type together accounting for more than half of the market. Oil adjuvant is estimated to be the fastest growing segment.

Regional Analysis

North America is the largest market accounting for around 35% of the market share. The region is expected to grow at the steady CAGR during the forecast period due to the aim of the Governments to increase yield and maintain continuous supply of raw materials to food, feed and biofuel industry. Europe is the second largest market and the market is expected to expand with increased supply of quality products from key players.

Asia-Pacific is estimated to grow at the fastest CAGR of 6.2% due to growth in rate of adoption of precision farming and need to increase production of agri-commodities. Adjuvants are in nascent stage in South America. Brazil is the major market and holds around 60% of the market share.

Competitive Environment

The key players in the market are focused on new product launch to cater to wider consumer base and expand market share. Investment in research and development of cheap effective products is another strategy adopted by market leaders. The major players in the market are Evonik Industries AG, Dow Corning Corp., Akzonobel N.V. etc.

Key Deliverables in the Study

Market analysis for the Global Agricultural Adjuvants Market, with region specific assessments and competition analysis.

Market overview and identification and analysis of the macro and micro factors that affect the Global Agricultural Adjuvants Market, on both, global and regional scale and instrumental in changing the market scenario.

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Extensively researched competitive landscape section with profiles of major companies and their market share, along with analysis of their current strategic interests and financial information and strategies adopted by them to sustain and grow in the studied market.

The report holds importance for the following stakeholders-

Farmers, producers and manufacturers

Agricultural input companies

Enterprises operating in the industry

Traders and stakeholders operating in the sector

Investors/research institutions interested in the market

Customization Options:

Technical Analysis

Supply Chain Analysis

Regulatory Framework

Trade Analysis

Trend Analysis

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