Agricultural Adjuvants are used as formulation ingredients in the processing and application of agricultural chemicals that protect and enhance plant growth. They enhance the productivity of crop protection products or agrochemicals such as herbicides, insecticides, fungicides and other agents that control or eliminate unwanted pests and plant diseases.
Effective application of these adjuvants ensures a fruitful harvest which is letting them garner a greatly increased popularity. Resultantly, the adoption of agricultural adjuvants has increased colossally in recent years which is further resulting in increasing the growth of their market. The ever-increasing global population is the primary driving force behind this market growth, presaging the growing demand for food.
Acknowledging the colossal traction, the market is perceiving currently, Market Research Future (MRFR), in its recently published study report asserts that the global agricultural adjuvants market would garner exponential growth by 2023, registering a phenomenal CAGR throughout the forecast period (2017 to 2023). The rising demand for agrochemical products is another key driving force driving the agricultural adjuvants market.
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The increasing awareness among farmers and the demand for high agricultural productivity is further adding fuel to the growth of the market. Furthermore, factors such as the change in farming practices and technology leading to increasing acceptance of modern farming and protected agriculture are fostering the growth of the agricultural adjuvants market.
The rapidly depleting agrarian land and the water scarcity portends the surging need for adequate adjuvating to save the crops or produces from the potential attack of various micro and major organisms. Moreover, governments around the world are undertaking more and more initiatives to control seizures and multiple kinds of pests to increase agricultural productivity.
Global Agricultural Adjuvants Market – Competitive Landscape
Highly competitive, the agricultural adjuvants market appears fragmented due to the presence of numerous matured as well as small-scale players. These players try to gain an edge over their competition through strategic partnership, acquisition, expansion, collaboration, and product & technology launch.
International players who are increasingly expanding their footprint in the agricultural economy of the growing market, making it difficult for regional vendors to compete with them, especially in terms of features such as quality, technology, and price.
Key players leading the Global Agricultural Adjuvants Market include-
- AkzoNobel N.V. (Netherlands)
- Evonik Industries AG (Germany)
- Nufarm Ltd (Australia)
- Croda International PLC (U.K)
- Dow Corning Corp. (U.S.)
- Clariant International Ltd (Switzerland)
- Helena Chemical (U.S.)
- Adjuvant Plus Inc. (Canada)
- Solvay (Belgium)
- Huntsman Corp. (U.S.)
April 01, 2019- Huber Engineered Materials (the US), a specialty engineered materials company owned by the J.M. Huber Corporation company announced the acquisition of Miller Chemical & Fertilizer, LLC (the US).
Huber Engineered Materials (HEM) is a leading global company involved in the manufacturing of products used in a wide range of applications including agricultural nutrients and adjuvants. Miller manufactures and distributes crop protection and nutritional agrichemical products designed to improve plant and crop production quality and yield.
Miller sells its products in more than 90 countries via its global sales force of skilled agronomists and distributors and targets the high-value segment of fruits, nuts, and vegetables. In such a scenario, the acquisition is surely going to help HEM to expand its portfolio and widen its reach with Miller’s capable sales force.
Global Agricultural Adjuvants Market – Segments
Agricultural Adjuvants Market has been segmented into four key dynamics:
- Activator Adjuvants
- Utility Adjuvants
- Grains & Cereals
- Oil Seeds & Pulses
- Fruits & Vegetables
The Global Agricultural Adjuvants Market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). North America is dominating the market followed by Europe. The U.S. and Canada are the major contributors in North America to the agricultural adjuvants market. Strict government regulations regarding food safety are driving the agricultural adjuvants market in this region. Spain and Germany are the major contributors to the agricultural adjuvants in the European region
Asia Pacific is expected to be the fastest growing region for agricultural adjuvants market. Growing agricultural practices in India, China, Japan and Indonesia is driving the growth of the agricultural adjuvants in this region. In rest of the world, Brazil is anticipated to account for the major share of agricultural adjuvants market.
Table of Content
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3 Agricultural adjuvants market Industry Insights
Chapter 4 Agricultural adjuvants market by Type Insights
Chapter 5 Agricultural adjuvants market by Application Insights
Chapter 6 Agricultural adjuvants market by Crop type Insights
Chapter 7 Agricultural adjuvants market Regional Insights
Chapter 8 Competitor Profile
To Be Continue…………,
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