Global Agricultural Adjuvants Market to grow to about USD 4,412.7 million by 2028

Global Agricultural Adjuvants Market to grow to about USD 4,412.7 million by 2028

Report Overview

In 2020, the market for agricultural adjuvants was estimated to be worth USD 3.4 billion. From 2021 to 2028, it is expected to increase at a CAGR of 4.1%. The rising need for efficient insecticides around the world is anticipated to fuel market expansion. The market for agricultural adjuvants is also being driven by an increase in pesticide usage in agriculture to boost crop productivity and yield. Adjuvants come in numerous forms and are used with pesticides for a variety of objectives, such as improving pesticide penetration, wetting, and retention.

A significant driver of the agricultural adjuvants industry is the rising need for food and drink due to the world’s expanding population. Farmers are concentrating on boosting the output and yield of the crops by applying appropriate pesticides, which are driving the market, to fulfil the current demand for food. Adjuvants may undergo numerous chemical processes during production that generate harmful fumes and trash because they are composed of chemicals and petrochemicals. While adjuvants can be helpful for the crop, they can also have negative effects when consumed.

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By mapping and monitoring the toxicity emission within allowable levels, various regulatory authorities, including Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) and the Environmental Protection Agency (EPA), among others, handle them. The primary market restraints are regulations on agricultural adjuvants by various authorities in various countries. For instance, up until 2017, the laws governing adjuvants and agrichemicals in Brazil (Law 7,802 and Decree 4,074) were identical. The Brazilian agricultural adjuvants are being addressed in 2017 by the Ministry of Agriculture, Livestock, and Supply (MAPA).

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Sorting insights

In 2020, the market for agricultural adjuvants was headed by the category of activator adjuvants, which accounted for 70% of global revenue. They are widely employed in agrochemicals since they are easily accessible and inexpensive when compared to utility adjuvants. Surfactants (non-ionic, cationic, and anionic), as well as oil carriers, are activator adjuvants. The most frequently suggested adjuvants for herbicides, particularly for systemic and water-soluble herbicides, are surfactants.

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Application Perspectives

The agricultural adjuvants market was headed by the herbicide sector in 2020, which was responsible for 48.6% of worldwide revenue. Pesticides that target plants are frequently employed in agriculture. They are employed to eradicate weeds and other undesirable plants from crops. Over 2 million tonnes of pesticides were consumed globally in 2019, the FAO reports. This is more than twice as much insecticides as were used in 2019.

Regional Perspectives

Due to a number of variables, such as rising population, improved crop demand, and the presence of nations with large arable landmasses, Asia Pacific dominated the market for agricultural adjuvants and made up 36.8% of worldwide revenue in 2020. The agricultural industry has a significant impact on the region’s per capita income. The total amount of arable land in the area is decreasing as a result of urbanisation and industrialization. As a result, farmers use agrochemicals that aid in boosting productivity and production. India, China, and Japan are the main contributors to the expansion of the regional market.

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By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of the Middle East & Africa
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