Market Trends of Agricultural Adjuvants Industry
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.
