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How is Surging Population Driving Demand for Agricultural Adjuvants?

08.27.2020 · Posted in Press Release

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 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.  

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Geographically, the North American agricultural adjuvants market held the largest share in 2019. This is majorly attributed to the presence of local manufacturers, coupled with a wide array of products, customer appreciation, and regulatory support to adjuvant manufacturers and related agrochemical companies. Moreover, federal regulations governing the application of such adjuvants are virtually non-existent in the U.S., which, in turn, promotes the growth of the agricultural adjuvants market in North America.

Asia-Pacific (APAC) To Showcase Fastest Growth

APAC is expected to demonstrate the fastest-growing consumption in the agricultural adjuvants market during the forecast period, primarily on account of the rapidly increasing usage of such agrochemicals in developing countries, such as China and India. In 2019, China and India were the two most populous nations in the world, home to nearly 19.0% and 18.0% of the global population, respectively. Furthermore, by 2050, these countries are expected to add an additional 2.3 billion people to the global population.

This increase in population is expected to stimulate the demand for food, to meet the per capita food and nutritional requirements in the region, in turn, boosting the agricultural adjuvants market at a rapid pace.

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