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Agricultural Adjuvants Market Trends 2024 Comprehensive Study Explores Huge Growth In Fungicide

Author : Ronak Bora | Published Date : 2019-05-28 

Fungicide is an important application segment of Agricultural Adjuvants Market which is likely to grow by around5% in terms of volume from 2018 to 2025. The product increases the efficiency of fungicides which help in eradicating spores and other fungal infection.

The exponential growth graph of agricultural adjuvants market can be undeniably credited to the fact that these products aid farmers across the globe in improving the overall performance of crop protection. The expansion of this industry not only signifies that the sales have been trending up in the past years, but also demonstrates that farmers are increasingly considering value in new cropping technologies. The growing demand for biodegradable agriculture adjuvants for controlling pests and unwanted weeds coupled with new herbicide cropping systems has undoubtedly sent the global agricultural adjuvants industry players into overdrive to further develop useful tools.

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Organosilicone is a key chemical group segment in the agricultural adjuvants market. They are nonionic surfactants which has no ionic charge, are hydrophilic and biodegradable in nature. These are well-suited with a variety of agrochemicals. They help in reducing surface tension until herbicide droplets form a thin layer over the leaf surface which promotes the penetration into stomatal openings of the leaf surface. This segment is likely to generate a revenue of about USD 500 million by 2025.

Some key product manufacturing companies in the market include Clariant, Brenntag North America, Solvay, Alzchem, Evonik, WinField Solutions, Dow Dupont, and Huntsman.

Recently for instance, Monsanto Company announced that it has joined forces with Adjuvants Unlimited, LLC., in a bid to design the first agricultural sprayer system cleaner developed to deactivate dicamba. According to the reports, this new sprayer cleaner technology is different from its counterparts as it is based on a chemical process that deactivates particular pesticide active ingredients such as dicamba. The manufacturers of crop protection technologies – Adjuvants Unlimited claimed that it will be bringing this technology to the agricultural adjuvants market in 2018 through its slew of industry partners. This collaboration provides substantial validation to the fact that the global agricultural adjuvants industry players are investing in R&D and product innovation given the rising interests of farmers in new tools to help them in managing unwanted pests.

The application segment is segregated into herbicides, insecticides, fungicides and others. From these, herbicides will capture more than 50% volume share of the entire segment in coming years. Adjuvants are used in POST applications to help overcome the barriers on the leaf surface to facilitate the movement of the herbicide into leaf cells. The product improves the herbicide spreading, wetting, canopy and leaf penetration and adhesion.

Oilseeds & pulses are a significant crop type segment of the agricultural adjuvants market. This segment is further sub divided into soybean and others. This segment is likely to achieve a CAGR around 5% in terms of volume during the forecast period.

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Lack of awareness among farmers about adjuvants is the key restraining factor for entire agricultural adjuvants market growth in future. Most of the farmers are not literate and are also ignorant about the product properties and functionalities. They simply buy pesticides and use them for their crops as they do not have enough knowledge about the concentration that an adjuvant should be added to a particular pesticide. A utility adjuvant if used as an active adjuvant will not provide the desired result and may also reduce the pesticide properties. This lack of awareness about the product and its usage is the biggest hindrance for its market growth in developing economies, this market will further take time to evolve.

Agricultural adjuvants market is segmented into product, chemical group, crop type, application and region. The product segment is bifurcated into activators and utility. Among these, utility adjuvants will hold over 30% volume share of the entire segment in coming year. These adjuvants are added to improve the application of the formulation to the target plants.

Asia Pacific agricultural adjuvants market volume is likely to reach over 170 kilo tons in forecast timeframe. Climate in this region is favorable for most of the crops to be grown and wheat, rice, sugarcane is among the largest grown crops in the region. Almost 60% of the population of world resides in this region, hence demand is there. This will further boost the agricultural adjuvants industry by 2024.

 

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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