Growing population couple with reducing per capita cropland would likely to increase the demand of adjuvants
- Vikas Kumar
- January 25, 2022
- AGRICULTURE, NEWS
- agricultural adjuvants market, agricultural adjuvants market Growth, agricultural adjuvants market News, agricultural adjuvants market share, agricultural adjuvants market size, agricultural adjuvants market Trend
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The global agricultural adjuvants market was stood around USD 3 billion in 2020 and is expected to showcase a growth of around 6% during the forecast period (2021-2027). Over year years population has grown rapidly, thereby increasing the demand of food. However, only a strain of land has grown due to limited availability. This has created the demand of effective agrochemicals, as in turn increased the demand adjuvants.
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Agricultural adjuvants are used in conjunction with crop protection products like herbicides, insecticides, and fungicides to improve the effectiveness of these pesticides. These adjuvants can range from drift control, stickers, compatibility agent, anti-foaming agents, wetting agents, water conditioners, and penetrants. Depending upon the application requirement, specific type of adjuvant is added during the pesticides formulation stage at manufacturer place only (built-in) or at the application site (tank-mix). The use of an adjuvant may reduce or even eliminate spray application problems, thereby improving overall pesticide effectiveness resulting in improve crop yield thus supporting the consumers economically. Therefore, it is expected that with the rise in the demand of food and lowering of per capita cropland, demand of auxiliary agrochemical products like adjuvants is likely to increase during the foreseeable future. In addition, increasing demand for organic product has created the market for green adjuvants which can be used in organic farming, thus creating new avenues for the agricultural adjuvant market.
For a detailed analysis of the market drivers browse through https://univdatos.com/report/agricultural-adjuvants-market-current-analysis-and-forecast-2021-2027/
Agricultural is among the few sectors which remains positive during the time of COVID-19. In light of COVID-19, governments across the globe, had taken stringent regulation like nationwide lockdown to curtail the spread of disease. This has created the turmoil in the economic. However, sectors like agricultural and healthcare has grown as they fall under essential sectors. Further, in the light of COVID-19 consumers shifted towards healthy alternatives, which has increased the demand of crops. Owing to which demand for crop protection products like adjuvants increased.
Based on formulation, the market is bifurcated into built-in and tank mix. Of both, built-in category held the prominent share in the market and is expected to retain its position during the forecast period. Due to less awareness regarding the accurate use of adjuvants, consumers preferred to use built-in adjuvants. Further, low cost of built-in adjuvants is also fueling its demand.
Based on application, the market is categorized into herbicides, insecticides, and others. Among all, herbicides held the substantial share in the market. Since herbicides is the most common type of pesticides used in the agricultural industry, therefore due to its high demand consumption of adjuvants is also high.
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For a better understanding of the market adoption of agricultural adjuvants, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America held the considerable share in the market and demand is expected to increase during the foreseeable future. This can be attributed to high awareness among farmers relative to other region regarding the benefits of adjuvants couple with presence of local manufacturer resulted in wide offering of adjuvants, high farm mechanization rate due to which production of more crops in a single season, and regulatory support to the manufacturers.
Global Agricultural Adjuvants Market Segmentation
Market Insight, by Function
• Activator Adjuvant
• Utility Adjuvant
Drift Control Agents
Market Insight, by Chemical Group
Market Insight, by Formulation
Market Insight, by Application