The agricultural adjuvants market size was valued at USD 3.5 billion in 2021 and is anticipated to reach USD 5 billion by 2030, expanding at a CAGR of around 4% during the forecast period, 2022 – 2030. The growth of the market is attributed to the increasing demand for efficient insecticides globally.
Adjuvants for agriculture are supplements that can be used with pesticides, fungicides, and herbicides to increase their potency. Adjuvants are not employed on their own but greatly increase the effectiveness of other crop protection treatments. These may be an integral component of the formulation (built-in adjuvants) or an additional substance that is combined with the crop protection agent before it is sprayed on the crops.
The COVID-19 pandemic had a negative impact on numerous economies worldwide. A part of the global agriculture industry, such as crop protection chemicals, has been severely harmed by the combat methods used to fight COVID-19, such as complete quarantine and lockdown. As the chemical manufacturing facilities in many nations have been disrupted, this crisis has directly affected the rates of development for agricultural adjuvants over the last few months. Due to the disruption in transportation and logistics, the market for agriculture adjuvants had a significant slowdown in sales in the first quarter of 2020.
Market Trends, Drivers, Restraints, and Opportunities
- Growing demand for green adjuvants is projected to drive the market during the forecast period.
- Increasing focus on consumption of organic food is estimated to fuel the market during the projected period.
- Rising need for food due to the increasing population is expected to boost the market in the coming years.
- Strict guidelines for producing adjuvants are anticipated to hinder the market growth.
- Increasing research & development to advance agricultural adjuvant application technology is estimated to create immense opportunities for the market players during the forecast period.
Scope of the Report
The report on the global agricultural adjuvants market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes | Details |
Report Title | Agricultural Adjuvants Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2021 |
Historic Data | 2019–2020 |
Forecast Period | 2022 – 2030 |
Segmentation | Types (Utility Adjuvants [Water Condition Agents, Buffering Agents, Drift Control Agents, Compatibility Agents, and Others] and Activator Adjuvants [Oil-based Adjuvants and Surfactants]), Formulations (Emulsifiable Concentrate and Suspension Concentrate), Applications (Fungicides, Insecticides, Herbicides, and Others), and Crops (Fruits & Vegetables, Oilseeds & Pulses, Cereal & Grains, and Others) |
Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report | Stepan Company; Wilbur-Ellis Company LLC; WinField United; Helena Chemical Company; Miller Chemical & Fertilizer, LLC.; BASF SE; Croda International PLC; Nufarm Limited; Ingevity; Evonik Industries AG; Huntsman International LLC.; The Dow Chemical Company; Corteva Agriscience; Solvay; Clariant AG; Nutrien Ltd.; Helena Agri-Enterprises LLC; Nouryon; Brandt Consolidated, Inc.; INNVICTIS Crop Care, LLC; KALO, Inc.; and Precision Laboratories Inc. |
Market Segment Insights
The activator adjuvants segment accounted for a major market share in 2021
Based on types, the market is segregated into utility adjuvants and activator adjuvants. The utility adjuvants segment is further segregated into water condition agents, buffering agents, drift control agents, compatibility agents, and others. The activator adjuvants segment is further bifurcated into oil-based adjuvants and surfactants. The activator adjuvants segment accounted for a major market share in 2021 due to their easy accessibility and lower cost when compared to utility adjuvants, they are widely utilized in agrochemicals. Oil carriers and surfactants (non-ionic, cationic, and anionic) are included in the activator adjuvants. The most frequently suggested adjuvants for herbicides are surfactants, primarily for systemic and water-soluble herbicides. The utility adjuvants segment is estimated to expand at a high CAGR during the forecast period due to the growing usage of pesticides to control numerous unwanted things in crops.
The suspension concentrate segment is expected to hold major market share during the forecast period
On the basis of formulations, the market is bifurcated into emulsifiable concentrate and suspension concentrate. The suspension concentrate segment is expected to hold major market share during the forecast period. Growth of the segment is attributed to its rising demand as a result of a variety of advantages including lack of dust and small particle size of the active components, which minimizes environmental concerns, simplicity, and high effectiveness.
The insecticides segment is estimated to expand at a high CAGR during the forecast period
In terms of applications, the market fragmented into fungicides, insecticides, herbicides, and others. The herbicides segment accounted for a major market share in 2021. In the agriculture industry, chemicals called herbicides are widely employed. The insecticides segment is estimated to expand at a high CAGR during the forecast period. The growth of the segment is attributed to rising demand for a variety of crops, including cereals, grains, fruits, and vegetables.
The cereal & grains segment accounted for a major market share in 2021
Based on crops, the market is divided into fruits & vegetables, oilseeds & pulses, cereal & grains, and others. The cereal & grains segment accounted for a major market share in 2021. The demand for agricultural adjuvants is being driven by rising consumption of cereal and grains like barley, sorghum, oats, corn, rye, wheat, and rice in several places. The fruits & vegetables segment is projected to grow at a rapid pace during the forecast period. The demand for fresh veggies has increased globally due to rising health consciousness among consumers.
Asia Pacific dominated the market in 2021
On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific dominated the market in 2021. Growing awareness among farmers of the advantages of adjuvants and increasing relevance of industrial and high-value crops are projected to drive the market in the region. Additionally, continuous R&D initiatives on improved and effective adjuvant solutions are anticipated to drive the market in the coming years. The use of adjuvants is encouraged by the government policies made by European nations toward sustainable agriculture methods, which is a major driver boosting this market's expansion in the region.
Segments
The global agricultural adjuvants market has been segmented on the basis of
Types
- Utility Adjuvants
- Water Condition Agents
- Buffering Agents
- Drift Control Agents
- Compatibility Agents
- Others
- Activator Adjuvants
- Oil-based Adjuvants
- Surfactants
Formulations
- Emulsifiable Concentrate
- Suspension Concentrate
Applications
- Fungicides
- Insecticides
- Herbicides
- Others
Crops
- Fruits & Vegetables
- Oilseeds & Pulses
- Cereal & Grains
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Stepan Company
- Wilbur-Ellis Company LLC
- WinField United
- Helena Chemical Company
- Miller Chemical & Fertilizer, LLC.
- BASF SE
- Croda International PLC
- Nufarm Limited
- Ingevity
- Evonik Industries AG
- Huntsman International LLC.
- The Dow Chemical Company
- Corteva Agriscience
- Solvay
- Clariant AG
- Nutrien Ltd.
- Helena Agri-Enterprises LLC
- Nouryon
- Brandt Consolidated, Inc.
- INNVICTIS Crop Care, LLC
- KALO, Inc.
- Precision Laboratories Inc.
Competitive Landscape
Key players competing in the agricultural adjuvants market include Stepan Company; Wilbur-Ellis Company LLC; WinField United; Helena Chemical Company; Miller Chemical & Fertilizer, LLC.; BASF SE; Croda International PLC; Nufarm Limited; Ingevity; Evonik Industries AG; Huntsman International LLC.; The Dow Chemical Company; Corteva Agriscience; Solvay; Clariant AG; Nutrien Ltd.; Helena Agri-Enterprises LLC; Nouryon; Brandt Consolidated, Inc.; INNVICTIS Crop Care, LLC; KALO, Inc.; and Precision Laboratories Inc. Some of the key players in the market are using several market strategies such as collaborations, partnerships, acquisitions, mergers, and product launches to increase their market shares. For instance,
- In February 2021, A fermentation facility in Lake Providence, Louisiana, was purchased by Stepan Company (Mexico).
- In May 2020, the new NBP formulation was introduced by Clariant AG. It is a brand-new polar aprotic solvent for agricultural adjuvant compositions made by Genagen.