According to Custom Market Insights (CMI), The Global Agricultural Adjuvant Market Size was valued at USD 3.4 billion in 2021 and is estimated to reach USD 6.4 billion by the end of 2030 at a CAGR of approximately 4.1% during the forecast period 2022-2030. The use of adjuvants solutions for agricultural purposes will continue to grow and generate revenue across the world.
The efficiency of the pesticides is improved due to the use of the adjuvants and it helps in improving the penetration of all the active ingredients into the plant foliage. The presence of regulatory supervision for the agricultural adjuvants makes it necessary that these products are safe for usage and they reduce the ill effects of the pesticides being washed off into the environment.
Browse the full “Global Agricultural Adjuvants Market Size, Trends and Insights By Type (Utility adjuvants, Activator adjuvantas) By Application (Insecticides, Fungicides, Herbicides , Others) By Crop (Oilseeds and pulses, Cereals and grains, Fruits and vegetables, Others) , and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” report at https://www.custommarketinsights.com/report/agricultural-adjuvants-market/
Market Dynamics
Drivers
Most of the agricultural adjuvants are mixed with the chemicals which are used for crop protection or derived from toxic chemical sources and from petroleum. And when these products are used in excessive amounts it has harmful effects on the environment it also affects human health. The crop’s quality and nutritional content are also affected.
The government of various nations has taken steps in order to increase the production of sustainable products and environmentally friendly products. And these steps taken by the government authorities will create more demand for the products that are naturally derived as such products do not have larger risks or threats to the environment as compared to the products that are derived from petroleum oil. The use of toxic products will reduce to a great extent as these products lead to bio-accumulation which is extremely harmful to the ecosystem.
Restraints
The presence of various regulations in different countries of the world which are associated with the registering and manufacturing of agricultural adjuvants makes it extremely difficult for the exporters to maintain their production facilities and comply with the specifications given by the country. As the environmental regulations have also become strict in various nations the cost associated with the development of new products makes it difficult to launch the products on the market. These two factors happen to be the major restraints in the growth of the market.
Opportunities
Constant research and development in this field have led to the enhancements of the technology which has led to an increased application of adjuvants in the crops. UAVs like drones have gained popularity in recent years due to the increased levels of precision. these rules will be used on a large scale as they are convenient and safe as well as economical. Many market players are engaged in launching various products that will help in meeting the demands of the farmers.
Challenges
Increasing concerns about the environment will lead to a decreased use of the agents that are petroleum based. Many countries like France and Germany how previous companies that are engaged in the manufacturing of agricultural adjuvants but the distribution, production, Linda when it comes to the use of various products that are used for protecting the crops constant research and developmental activities will affect these industries to a great extent development and registration of these products is extremely difficult. Excessive exposure to such pesticides and chemicals will have a bad fact on humans and the ecosystem.
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Report Highlights
The activator adjuvants will have a larger market share in the coming years and they have dominated the market in the past with a share of about 70% in terms of revenue. Excessive use of agrochemicals that are low in price and easily available in the market will lead to increased use of the agents.
On the basis of application herbicide segment will have a good amount of market share in the coming years and this will dominate the market during the forecast period. These products are used to a great extent for agricultural activities. In recent years it has been recorded that the number of homicides used in agricultural activities was above 2 million tonnes.
The cereals and grains segment will have the maximum usage of agricultural adjuvants in the coming years period as the cereals and the grains are consumed to a great extent in many nations across the world and the demand for these crops is expected to grow in the coming years the use of agricultural adjuvants will also increase. Different types of cereals, as well as the grains like sorghum, barley, oats, wheat, rice, corn and rye, are consumed on large scale in the Asia Pacific region. The consumption of vegetables, as well as fruits, is also expected to increase as the demand for fresh fruits and vegetables has grown. Health-conscious consumers will play an important role in the consumption of these products.
Key Market Players
- Aerzener Maschinenfabrik GmbH
- Atlas Copco AB
- Berkshire Hathaway
- Ciasons Industrial
- Desran Compressor
- Doosan Corporation
- Ebara Corporation
- Elgi Equipments Limited
- Gardner Denver Holdings
- Hitachi, Ltd.
- Indo-Air Compressors Pvt. Ltd.
- Ingersoll-Rand plc
- Kirloskar Pneumatic Company Limited
- Kobe Steel, Ltd.
- Mitsubishi Heavy Industries Ltd.
- NINGBO XINDA GROUP CO.
- Stanley Black & Decker Corporation
- Suzler Ltd
- VMAC Global Technology Inc.
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