Agricultural adjuvants are chemicals that improve or modify certain selected properties of pesticides. They are added to insecticides, herbicides, pesticides, and other fungicide formations as a means to enhance crop yield and maximize agricultural output – a dire need today, with growth in the global population and a steady decline in arable land. With farmers increasingly relying on various agrochemicals to curb crop damage from pests, the demand for agricultural adjuvants market is slated to accelerate in years to come. Rigorous research to enhance the performance of these chemicals, sharing of intellectual property rights and investments in R&D are all slated to provide impetus to market growth globally.
Crops such as oilseeds and sugarcane are expected to register strong demand, backed by applications in food, fuel, feed, and other industrial uses. The demand for agricultural adjuvants is expected to grow in tandem with the demand for these crops.
On the other hand, agricultural adjuvants are potentially harmful to the environment, and the development of safer alternatives may hinder market growth to an extent in the future.
The global agricultural adjuvants market is estimated to be valued at around USD 4.5 billion by 2026, registering a CAGR of around 5.1% during the forecast period, 2019–2026.
The global agricultural adjuvant market can be segmented on the basis of product, chemical group, crop type, and application.
On the basis of the product, the market can be segmented into activator and utility. Activator adjuvants can be further segmented into crop oil concentrates, nitrogen fertilizers, wetting agents, penetrants, and surfactants, while utility adjuvants can be segmented into buffers, compatibility agents, and drift control agents, among others. Activator adjuvants enhance herbicide performance and absorption into plant tissue and on account of this benefit, among several others, the activator adjuvants segment is expected to register the fastest growth during the forecast period.
Based on the chemical group, the market can be segmented into alkoxylates, sulfonates, and organosilicon. Adjuvants work effectively when the alkoxylate chemical group is added, owing to their non-ionic nature, which aids in improving pesticide efficiency. This is one of the primary factors that drive the growth of the segment, marking it as one of the fastest-growing ones in this market.
By crop type, the market can be segmented into cereals and grains, oilseeds and pulses, fruits, and vegetables. Adjuvants are available in large quantities, and their selection varies by crop type, life cycle, the season of harvest, and availability. Among all the segments by crop type, the cereals and grains segment is expected to record the highest market growth as these crops are extensively used as raw or processed food by a variety of brands involved in the food services industry, which is growing at a considerable rate. For instance, the demand for processed cereals grew to USD 1.49 billion in 2017 as compared to USD 1.46 billion in the year 2016, as stated by the Observatory of Economic Complexity (OEC). This marked increase in the demand for processed cereals is indicative of the massive demand for cereals and grains globally and the scope that agricultural adjuvants have in this segment.
By application, the market can be segmented into herbicides, insecticides, and fungicides. The herbicide segment is anticipated to register the highest growth rate, with the widespread use of these chemicals for the prevention of weed growth in crop fields. The use of chemicals made for a certain type of plant species is increasing growth in specialized farming – a key factor driving the growth of the segment.
In Asia-Pacific, economies such as China, India, Malaysia, and Thailand are predominantly agro-based, and thus, possess significant scope for the application of agricultural adjuvants. According to the Asia Development Bank, over 2.2 billion people in the region are directly involved in agricultural activities. Sustainable farming practices, favorable soil conditions, and the adoption of new technologies are improving agriculture productivity, with aid from government incentives in the region.
North America is home to a number of prominent manufacturers, and the region has vast arable lands. Moreover, large-scale companies such as Mondelez and Kraft Heinz Company provide impetus to the region’s food market. North America’s large agriculture market is expected to propel the agricultural adjuvants market. Technological advancements and the use of automation in agriculture augmented U.S. food and agricultural exports to a value of over USD 54.6 billion in the year 2016, as per the Corn Refiners Association.
Europe is home to some of the most developed and economically stable nations. These economies have been practicing sustainable farming to drive higher crop yields, backed by technological developments. In 2017, Europe’s agricultural output was pegged at around USD 475.7 billion, as per Eurostat.
Latin America has observed marked involvement in forest-based farming, coastal farming, and intensive mixed farming, which drives the demand for agricultural adjuvants in the region. In the Middle East and Africa, farming activities in South Africa, among other economies, are expected to drive to market growth, with impetus from suitable climate conditions and technological prowess.
Some of the leading players in the global agricultural adjuvant market include Dow Dupont Inc., BASF SE, Clariant AG, Huntsman Corporation, Akzo Nobel, Brandt Consolidated Inc., Momentive Performance Materials Inc., Wilbur-Elis Company Inc., Loveland Products Inc., Brenntag North America, Inc., and Alzchem LLC, among others.
By Chemical Group
By Crop Type