According to Data Bridge Market Research new Market report, global agricultural adjuvants market will account to an estimated USD 3.01 billion in 2018 growing at a CAGR of 5.75% during the forecast period of 2018 to 2025.
Global Agricultural Adjuvants Market
Agricultural adjuvants can be described as a type of chemicals that are used to enhance the effects of pesticides, and other chemicals that is used in agriculture. They are essentially enhancers for pesticides rather than used by themselves for the elimination of pests and insects. With the decline in agricultural land, the need for better performing pesticides and land area is of utmost importance and the usage of these chemicals is expected to rise with this factor.
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Global agricultural adjuvants market is segmented on the basis of function, chemical group, crop type, application, formulation and geography.
By Function (Activator Adjuvants, Utility Adjuvants), Chemical Group (Alkoxylates, Sulfonates, Organosilicones, Others), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), Application (Insecticides, Fungicides, Herbicides, Others), Formulation (In-Formulation, Tank-mix) and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa).
FACTORS DRIVING GROWTH IN AGRICULTURAL ADJUVANTS MARKET
Varying share of agricultural land:
According to The World Bank Group, the percentage share of agricultural land has been varying since the 2010s with around 37.487% of total land fit for agriculture or being used for agriculture in 2010, and this number fluctuating and changing to around 37.265% of total land share by 2015. This varying number has been declining in number from 1991 at which point 39.47% of total land was employed in agriculture. This declining number is expected to drive the market growth for agricultural adjuvants because of the features and effects that they have on crops and lands.
Few of the major competitors currently working in the agricultural adjuvants market are The Dow Chemical Company, Solvay, Evonik Industries AG, Nufarm Limited, Croda International Plc, BASF SE, Akzo Nobel N.V., Huntsman International LLC, Helena Agri-Enterprises LLC, Wilbur-Ellis Holdings Inc., Stepan Company, Clariant, Lamberti S.p.A., WinField Solutions LLC., Tanatex Chemicals B.V., Momentive, Interagro Ltd., Monsanto Company, ORO AGRI, Syngenta, Elkem ASA, Brandt Consolidated Inc., Monument Chemical, and Loveland Products Inc.
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