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At 5% CAGR, In terms of volume Oilseeds & pulses are a significant crop type segment of the agricultural adjuvants market up to 2025

Author : Ronak Bora | Published Date : 2019-03-11 

With India, China, and Japan at it foray, the Asia Pacific belt has emerged as the one of the largest market for agricultural adjuvants market in the world. The presence of top agricultural producing nations coupled with rising population and demand for food have been some of the pivotal drivers attributable to the rising demand for farming adjuvants. Apart from this, the region is also witnessing increasing awareness levels among the farming community pertaining to food safety, limited arable land, and uncertainties in climate, which has boosted the demand for more reliable and technologically advanced options for farmers. Estimates claim that the Asia Pacific agricultural adjuvants industry is forecast to grow at a heathy CAGR over 2018-2025.

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.

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Agricultural Adjuvants Market will likely surpass USD 3 billion by 2025; according to a new research report. Better yield crops demand has been increasing at a faster rate owing to the high population growth in developing regions such as Asia Pacific and Latin America. The Asia Pacific region is the most densely populated region in the world. Asia Pacific population grew from 4.3 billion in 2013 to 4.5 billion in 2016 and is further expected to reach 5.3 billion by 2024.

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 market by 2024.

Taking into account the application landscape, the global agricultural adjuvants market is segmented into insecticides herbicides, fungicides and others. In order to limit the growth of fungal infection and insects on the crops, fungicide and insecticides are forming the important segments of the application spectrum of agricultural adjuvants market with steady growth rates, however the herbicides segment is certainly deemed to be one of the largest revenue contributors.

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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.

The chemical group is divided into alkoxylates, sulfonates, organosilicone and other. Among these, sulfonates will capture over 25% revenue share of the overall segment. The product is mostly used in the production of anionic surfactants due to its excellent wetting, low odor, very low aquatic toxicity properties. Sulfonates are mostly used in extremely alkaline or acid water in order to smoothen the herbicides performance.

The crop type segment includes cereals & grains, oilseeds & pulses, fruits & vegetables and others. Cereals & grains segment is further segmented into corn, wheat, rice and other. Among these, corn is the key crop type segment and is likely to growth with over 4.5% CAGR in future.

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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. The prominent players in the agricultural adjuvants market are Dow Dupont, BASF SE, Clariant, Evonik, Huntsman and others.

 

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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.

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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