Agricultural Adjuvants Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.24 Billion |
| Market Size (2029) | USD 2.82 Billion |
| CAGR (2024 - 2029) | 4.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Agricultural Adjuvants Market Analysis
The Agricultural Adjuvants Market size is estimated at USD 2.24 billion in 2024, and is expected to reach USD 2.82 billion by 2029, growing at a CAGR of 4.70% during the forecast period (2024-2029).
- The agricultural adjuvants market has witnessed substantial growth in recent years owing to the growing need for sustainable pest management in agricultural operations in developed countries. Further, the need for improved agricultural productivity to meet the global food demand has imposed the increased use of crop protection chemicals, which is, in turn, driving the market for agricultural adjuvants. Increased emphasis on the improved effectiveness of crop protection chemicals in varied climatic conditions is necessitating the need for innovations in terms of the adjuvants used in them.
- Globally, several regions, including North America, Europe, and the Asia-Pacific, have imposed strict regulations on the exposure and application of genetically modified crops. The lesser production of GMO crops in this region is a crucial factor contributing to the convenient use of adjuvants in agriculture. With genetically modified crops being adopted on a large scale, the use of adjuvants would have been reduced. The farmers cultivating the GMO crops choose herbicide-resistant seeds that have been genetically modified to tackle issues for which chemicals had to be applied, thus, cutting off the requirement for adjuvants. Therefore, stringent regulations for GMO crop production in these regions have largely contributed to the growth of adjuvants.
- In addition, the factors such as growing consumer preference for environment-friendly agricultural adjuvants and increasing use of adjuvants for biological products are contributing to the market's growth.
Agricultural Adjuvants Market Trends
This section covers the major market trends shaping the Agricultural Adjuvants Market according to our research experts:
Growing Food Demand and Decrease in Arable Land Driving the Market
The global population is increasing exponentially. Nearly 200,000 people are getting added to the world food demand daily. According to the United States population division, the world's human population has increased nearly fourfold in the past 100 years, and it is projected to reach 9.2 billion by 2050. Thus, supplying food to the growing population has become a global threat.
Furthermore, in the past 40 years, the world has lost a major portion of its arable land due to erosion or pollution, with potentially disastrous consequences for the global demand for food. The continual plowing of fields, combined with the heavy use of fertilizers, has degraded soils worldwide. Erosion occurs at a pace of up to 100 times greater than the rate of soil formation. It takes around 500 years for just 2.5 cm of topsoil to be created amid unimpeded ecological changes.
Moreover, various crop pests cause 10-16% of global crop losses annually. So, to meet the global food demand, crop protection is the key strategy farmers adopt. The use of adjuvants alongside pesticides over crops is a proven technology for increasing global food production. As per a database published by the World Bank, the area per capita for arable land declined globally from 0.19 hectares in 2017 to 0.18 hectares in 2020. Accordingly, farmers across the globe are being supported by the respective governments for the judicious use of adjuvants.
North America Dominates the Market
North America accounts for the majority of agriculture adjuvants market share. It is one of the largest markets for advanced crop protection technologies. With large acreages under crops such as corn and soybean, which consume large quantities of crop protection chemicals, the usage of adjuvants is higher. Furthermore, the usage of adjuvants is also high at the farmer level due to greater awareness of the scientific practices of crop protection.
The major share of this region is attributed to crucial factors, such as a rapidly growing population, continuous reduction in the arable land, and increased demand for standard-quality food. Moreover, the factors such as shortages of agricultural labor, changing agricultural practices, growing recognition of the environmental impact of agriculture, and growing interest in sustainable production systems are further expected to support the market growth in North America.
In addition, ongoing research & development activities on improved and efficient adjuvant solutions are also anticipated to widen the scope for market growth. The government policies adopted for sustainable agricultural practices support the consumption of adjuvants, which is an additional key factor driving the growth of the studied market in the region.
Agricultural Adjuvants Industry Overview
The market for agricultural adjuvants is consolidated, with local players occupying the maximum share. Key players in the market are focusing on new product launches to cater to a broader consumer base and expand their market presence. Investments in research and development of cheap and effective products is another strategy adopted by market leaders. Some of the major players in the market are Nufarm, Bayer Cropscience, Croda International PLC, Evonik Industries AG, and Attune Agriculture.
Agricultural Adjuvants Market Leaders
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Bayer Cropscience
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Croda International PLC
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Nufarm
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Evonik Industries AG
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Attune Agriculture
*Disclaimer: Major Players sorted in no particular order
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Agricultural Adjuvants Market News
April 2022: Lamberti SPA acquired UK-based Turftech International. Turftech is a leading company involved in developing and selling special surfactants for applications in horticulture and turf. The company is expanding its product portfolio and market share in the region through this acquisition.
April 2021: Attune Agriculture partnered with Nufarm Grupo to expand Ampersand adjuvant in Mexico. Ampersand adjuvant works differently than typical surfactants. While most spreaders/stickers rely on droplet spread for leaf coverage, Ampersand's science based, 4-prong approach focuses on drift reduction, increased deposition, evaporation protection and wash-off resistance for performance.
January 2021: Attune Agriculture announced the expansion of new crop products in the market. The company partnered with Commodit Ag to sell Accomplice, an all-in-one adjuvant designed for application on row crops.
Agricultural Adjuvants Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions & Market Definition
- 1.2 Scope Of The Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
-
4.4 Industry Attractiveness - Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Type
- 5.1.1 Activator Adjuvants
- 5.1.1.1 Surfactants
- 5.1.1.2 Oil Adjuvants
- 5.1.2 Utility Adjuvants
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5.2 By Application
- 5.2.1 Herbicide Adjuvants
- 5.2.2 Insecticide Adjuvants
- 5.2.3 Fungicide Adjuvants
- 5.2.4 Other Applications
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5.3 By Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.1.4 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Italy
- 5.3.2.5 Russia
- 5.3.2.6 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 South America
- 5.3.4.1 Argentina
- 5.3.4.2 Brazil
- 5.3.4.3 Rest of South America
- 5.3.5 Africa
- 5.3.5.1 South Africa
- 5.3.5.2 Rest of Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Market Share Analysis
- 6.2 Most Adopted Strategies
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6.3 Company Profiles
- 6.3.1 Adjuvant Plus Inc.
- 6.3.2 Akzonobel NV
- 6.3.3 Brandt Consolidated Inc.
- 6.3.4 Croda International PLC
- 6.3.5 Evonik Industries AG
- 6.3.6 Garrco Products Inc.
- 6.3.7 Helena Chemical Company
- 6.3.8 Huntsman Corp.
- 6.3.9 Interagro (UK) Ltd
- 6.3.10 Lamberti SPA
- 6.3.11 Momentive Performance Materials Inc.
- 6.3.12 Nufarm
- 6.3.13 Solvay
- 6.3.14 Wilbur-Ellis Company
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityAgricultural Adjuvants Industry Segmentation
Agricultural adjuvants are secondary products that are used to improve efficiency and facilitate the functions of agrochemicals, such as insecticides, herbicides, and fungicides. Adjuvants perform multiple functions, such as enhancing the wettability of the crop protection chemical, ensuring its uniform spread on the leaves, increasing penetration in the case of systemic crop protection chemicals, increasing its compatibility with foliar fertilizer sprays, etc.
The Agricultural Adjuvants Market is Segmented by Type (Activator Adjuvants (Surfactants and Oil Adjuvants) and Utility Adjuvants), Application (Herbicide Adjuvants, Insecticide Adjuvants, Fungicide Adjuvants, and Other Applications), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market size and forecasts for the Agricultural Adjuvants Market in value (USD million) for all of the above segments.
| By Type | Activator Adjuvants | Surfactants |
| Oil Adjuvants | ||
| By Type | Utility Adjuvants | |
| By Application | Herbicide Adjuvants | |
| Insecticide Adjuvants | ||
| Fungicide Adjuvants | ||
| Other Applications | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| By Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Russia | ||
| Rest of Europe | ||
| By Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| By Geography | South America | Argentina |
| Brazil | ||
| Rest of South America | ||
| By Geography | Africa | South Africa |
| Rest of Africa |
Agricultural Adjuvants Market Research FAQs
How big is the Agricultural Adjuvants Market?
The Agricultural Adjuvants Market size is expected to reach USD 2.24 billion in 2024 and grow at a CAGR of 4.70% to reach USD 2.82 billion by 2029.
What is the current Agricultural Adjuvants Market size?
In 2024, the Agricultural Adjuvants Market size is expected to reach USD 2.24 billion.
Who are the key players in Agricultural Adjuvants Market?
Bayer Cropscience, Croda International PLC, Nufarm, Evonik Industries AG and Attune Agriculture are the major companies operating in the Agricultural Adjuvants Market.
Which is the fastest growing region in Agricultural Adjuvants Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Agricultural Adjuvants Market?
In 2024, the North America accounts for the largest market share in Agricultural Adjuvants Market.
What years does this Agricultural Adjuvants Market cover, and what was the market size in 2023?
In 2023, the Agricultural Adjuvants Market size was estimated at USD 2.14 billion. The report covers the Agricultural Adjuvants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Agricultural Adjuvants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Agricultural Adjuvants Industry Report
The report on the Global Agriculture Adjuvants Market covers manufacturers and segments the market by type, including activator adjuvants such as surfactants and oil adjuvants, and utility adjuvants. It also segments by application, including herbicide adjuvants, insecticide adjuvants, fungicide adjuvants, and other applications. The geographical segmentation includes North America, Europe, Asia-Pacific, South America, and Africa. The report provides market size and forecasts in value for all segments.
The global market for agriculture adjuvants is analyzed through various lenses, including market size, market share, and market growth. This comprehensive market analysis includes insights into market trends, market forecast, and market outlook. Industry reports and industry analysis are utilized to provide a detailed industry overview, highlighting market leaders and their roles in the market.
The market research includes industry information, industry outlook, and industry trends, providing a thorough industry overview. The market forecast and market predictions offer a forward-looking perspective on the market growth and market value. The report also includes market review and market segmentation, ensuring a detailed understanding of the market dynamics.
Industry statistics and industry size are critical components of the market data presented. The report example and report PDF provide a tangible reference for the data and insights shared. Research companies have contributed to the industry research, ensuring the accuracy and relevance of the industry information provided.
Overall, the report offers a detailed market review, incorporating market data, market segmentation, and market value. The inclusion of industry trends and industry statistics provides a comprehensive view of the market, supported by a robust market forecast and market outlook. The industry sales, industry size, and industry statistics are crucial for understanding the market dynamics and future growth potential.
