The Global Agricultural Adjuvants Market is forecast to reach USD 5.39 billion by 2027. The global agricultural adjuvants market is currently observing a tremendous pace owing to massive growth in the global population and enormous demand for the sufficient crop supply coupled with proliferating emphasize on the protection of the crop loss, increasing concern over pesticide residues, crop quality, harvesting flexibility, increasing crop yields, high consumer demand for sustainability produced food, and harnessing climate change & global pandemic situations.
Applicability of the indoor farming, green crop protection, selectively editing the genome of crops to add value to the customers, improving protein efficiency of the seeds, increasing production of the pollinator-friendly Agricultural Adjuvants, and digital analytics to increase the usability & control performance parameter of the Agricultural Adjuvants are some of the future opportunities of the market, incorporating which could deliberately increase the profitability and consumer base of the companies in this market.
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The COVID-19 impact:
As the COVID-19 crisis grows, manufacturers are quickly changing their practice and purchasing priorities to meet the required demand of a pandemic. Over a couple of months, this crisis has had a direct impact on the Agricultural Adjuvants development rates as the chemical manufacturing units have been disrupted. Also, the disturbances in the regular supply chain have caused the companies to create new supply chains that are more expensive and takes a lot more time to satisfy the need for catalysts in different areas of the chemical industry, seeing an unprecedented degree of activity associated with biotechnology.
Key participants include:
Syngenta AG, Bayer AG, BASF SE, Dow AgroSciences LLC, FMC Corporation, ADAMA Ltd., Nufarm, Sumitomo Chemical Co., Ltd., UPL Limited, Corteva, Inc., and Conagen, among others.
Further key findings from the report suggest
- In June 2019, German giant BASF announced its plan to launch 20 new agricultural chemical protection product line-ups in the country India. The chemicals are focused on catering to key crop protection such as rice, cotton, fruits, corn, soybean, and vegetables, which are the highest used crops in that country.
- In March 2019, Helena Chemical Company, a US-based agricultural adjuvants manufacturer, launched 4 new product line-ups, namely, Ele-Max Sulfur LC, N-Fixx XLR, Sultrus, and Antares Prime, that provide target specific yield-limiting agronomic solutions and helps growers meet greater returns on investment.
- In August 2017, DuPont de Nemours, Inc., an American leading agrochemical farm, acquired San Francisco-based leading company in software & analytical tools for the farms, Granular, Inc. Granular will continue to provide advancements for the digital agriculture for DuPont and also improve Encirca services, an agronomic software business delivered by DuPont.
- A large share of the region’s value comes from the U.S. Owing to factors such as the early development of the technology, awareness related to the bio-based food products, and super-nutritious edible products. Based on estimates, in 2016, almost 3.1 million hectares of land were managed organically. Out of these, 2 million were in the United States and almost 1.1million in Canada. Together, these represent 0.8 percent of the total agricultural area in the region. Apart from emphasizing on the usage of the agricultural adjuvants by the farmers, many agrochemical companies in US have been focusing on innovating new product developments in this region.
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For the purpose of this study, Reports and Data have segmented the agricultural adjuvants market on the basis of adjuvant categories, crop type, adoption stage, formulation, application, and region:
Adjuvant Categories Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Plant Penetrants
- Inverting Agents
- Stabilizing Agents
Crop Type Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Cereals and Grains
- Oilseeds and Pulses
- Fruits and Vegetables
- Turf and Ornamentals
Adoption Stage Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
Formulation Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Suspension Concentrates
- Emulsifiable Concentrates
Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
Regional Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- North America
- Asia Pacific
- Latin America
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