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Demand for Agricultural Adjuvants highest in North America

09.29.2020 · Posted in Business News Article

The demand for food products is predicted to rise considerably in the years to come, as the population across the globe is increasing at a swift pace. As per the Population Division of the United Nations Department of Economic and Social Affairs, the worldwide population is predicted to increase to 9.8 billion by 2050, from 7.6 billion in 2017. This will result in the growing need for food crops, cash crops, and horticulture crops in the years to come.

Ascribed to this, the demand for agricultural adjuvants is rising, since they aid in improving the yield on agricultural fields. Agricultural adjuvants are materials that are added to agrochemicals or crop protection products for enhancing the efficacy of active ingredients and for improving the performance of the product. The ability of the active ingredient to *********, target, and protect the organism is enhanced, since these additives modify the spray solution properties.

The global agricultural adjuvants market is registering significant growth, as these products are widely being utilized for enhancing the productivity on agricultural fields. While the demand for food is increasing, the area of arable land has decreased considerably over the past few years because of urbanization and industrialization. Therefore, farmers need to make sure that the productivity of the remaining agricultural fields is enhanced for catering to the needs of the rapidly increasing population across the globe. Owing to this, agricultural adjuvants are widely being utilized on agricultural fields.
The agricultural adjuvants market is predicted to generate a revenue of $5,485.1 million by 2030, increasing from $3,106.7 million in 2019, and is expected to advance at a 5.5% CAGR during the forecast period (2020–2030). On the basis of function, the market is divided into utility adjuvants and activator adjuvants, between which, the activator adjuvants division is expected to register the faster growth during the forecast period. Activator adjuvants are ideal for a number of applications due to their ability to increase the solubilization and reduce the surface tension.    
The division is further bifurcated into oil-based adjuvants and surfactants.

Surfactants held the major share of the market in 2019 because of their enhanced emulsifying properties. In terms of application, the market is categorized into fungicides, herbicides, and insecticides, out of which, the herbicides category accounted for the major share of the market in the past. Adjuvants provide economic incentives and advantages to agricultural installations and farmlands when they are utilized in herbicides.

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North America dominated the agricultural adjuvants market in the past, owing to the presence of major manufacturers, regulatory support for adjuvant manufacturers are related agrochemical enterprises, and availability of a wide range of products in the region. Other than this, the Asia-Pacific region is projected to witness the fastest growth during the forecast period due to the surging usage of agricultural adjuvants in several developing countries, including India and China, and the rapidly increasing population in the region. 

Hence, the market is being driven by the need for enhancing agricultural productivity and rising population.

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