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Agricultural adjuvants market projected to reach $4.7 billion by 2026qrcode

Oct. 11, 2019

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Oct. 11, 2019
According to the new market research report "Agricultural Adjuvants Market by Function (Activator and Utility), Application (Herbicides, Insecticides, and Fungicides), Formulation (Suspension Concentrates and Emulsifiable Concentrates), Adoption Stage, Crop Type, and Region - Global Forecast 2026", published by MarketsandMarkets™, the Agricultural Adjuvants Market is estimated to be valued at USD 3.3 billion in 2019 and is expected to reach a value of USD 4.7 billion by 2026, growing at a CAGR of 5.3% during the forecast period. Factors such as the rising demand for improved crop varieties is driving the growth of the agricultural adjuvants market.
 
The herbicide tolerance segment is estimated to account the largest market share, in terms of value, in 2019

Surfactants segment by activator adjuvants is expected to be the most widely used function of agricultural adjuvants market.
 
Surfactants have been mixed traditionally with pesticides, especially herbicides, to enhance the droplet retention characteristics of pesticides. The market for agricultural surfactants accounted for the largest share of the global agricultural adjuvants market. Also, amongst the products offered by the key players, products offered as non-ionic surfactants are of much higher preference for its compatibility with a broader range of pesticides. Due to these factors, the market is projected to witness significant growth.
 
The herbicides segment is estimated to witness the fastest growth in the agricultural adjuvants market, in terms of value from 2017 to 2026
 
Herbicides are used to kill or control unwanted plants. They have largely replaced mechanical methods of weed control in countries where intensive and highly mechanized agriculture is practiced. Adjuvants are the substances which are either added in a herbicide formulation or to the spray tank that helps in modifying the herbicidal activity or application characteristics, such as spray retention and droplet drying, increasing droplet coverage, increasing herbicide cuticle penetration, better mixing and handling, as well as cellular accumulation which reduces the leaching of herbicide through the soil profile, etc. The benefits associated with herbicides are the major factors contributing to the fastest growth of this market, globally.
 
The cereals & grains segment, by crop type, is estimated to account for the largest market share, by value, in 2019
 
Cereals & grains accounted for the largest consumption of herbicides in North America and Asia Pacific, owing to the high cultivation of corn and wheat in countries such as the US and China. Adjuvants are added to the commercial formulae of herbicides to improve their efficacy by increasing the adhesion properties of herbicides to the leaf surface, as well as aiding transport across the waxy cuticle membrane and into the plant. Adjuvants used in herbicide treatment solutions for cereals & grains aim to improve spray droplet retention and penetration of active ingredients into the plant foliage. Thus, cereals and grains are estimated to be the most popular crop type in the agricultural adjuvants market.
 
Asia Pacific is projected to grow at the highest CAGR during the forecast period
 
The market for agricultural adjuvants in the Asia Pacific region is expected to grow at the highest CAGR from 2019 to 2026, owing to the increasing investments by key players in countries such as China, India, and Thailand, and also the rising adoption of adjuvant technology by the crop growers for insecticide applications. Due to these factors, the market in the Asia Pacificregion is projected to record the highest growth from 2019 to 2026.
 
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Source: PRNewswire

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