Agricultural Adjuvants Market Scope
Agricultural adjuvants are used to improve the efficiency of pesticides includes herbicides, insecticides, fungicides and other chemical agents that eliminate or control plant diseases and unwanted pests. The increasing need for agricultural productivity of crop to meet the global food demand has necessitated the use for crop protection chemicals. This, in turn, boosting the demand for the agricultural adjuvant market globally.
According to AMA, the Global Agricultural Adjuvants market is expected to see growth rate of 5.3% and may see market size of USD4.91 Billion by 2026.
Major market players are focused on new product launch to cater to a wider consumer base and expand market share in the agricultural adjuvant market globally. Increasing investment in research and development of cheap effective products is another strategy adopted by market leaders globally. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Agricultural Adjuvants market throughout the predicted period.
Akzo Nobel N.V. (The Netherland), DowDuPont (United States), Croda International Plc. (United Kingdom), Evonik Industries AG (Germany), Solvay S.A. (Belgium), BASF (Germany), Clariant AG (Switzerland), Momentive Performance Materials Inc. (United States), Brandt Consolidated Inc. (United States), Nufarm Ltd. (Australia), Helena Chemical Company (United States) and Huntsman Corp. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are TANATEX Chemicals B.V. (Netherlands), Wilbur-Ellis Holdings, Inc. (United States) and Stepan Company (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Agricultural Adjuvants market by Type (Activator Adjuvants (Surfactants, Oil-Based Adjuvants) and Utility Adjuvants (Antifoam agents, Buffers/Acidifiers, Compatibility agents, and Others)), by Application (Fungicides, Herbicides, Insecticides and Others (Fertilizers, Micronutrients, Plant Growth Regulators and Others)) and Region with country level break-up.
On the basis of geography, the market of Agricultural Adjuvants has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
"The primary federal law that governs how EPA oversees pesticide use in the United States is the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA), originally enacted in 1947. This law has been significantly amended several times, notably in the recent past by the Food Quality Protection Act of 1996 (FQPA) and by the Pesticide Registration Improvement Act of 2003 (PRIA), which was reauthorized by the Pesticide Registration Improvement Extension Act of 2012."
Market Trend
- Increasing Research Developments on Innovative Adjuvant Products
Market Drivers
- Increasing Adoption for Green Adjuvants in both Developing and Developed Nations
- Improves Efficiency and Effectiveness of Agrochemicals
Opportunities
- Development of Cost-Effective Products by key Market Players
- Advent of Adjuvants for Biological Products
Restraints
- Impacts Production Cost of Farmers in Developing Nations
- Stringent Regulations to Manufacture Adjuvants
Challenges
- Growing Environmental and Human Health Concerns
Key Target Audience
Pesticides, Fertilizers Manufacturers, Adjuvant Manufacturers, Traders, Distributors, and Suppliers, Farmer’s Cooperatives, Organizations, and Associations and Others