According to a report by Global Market Insights, Inc. the global agricultural adjuvants market size could cross USD 3.9 billion through 2027.
Surge in global population and a consequent increase in demand for food will spike the requirement for agricultural adjuvants. These chemicals are widely used in crop protection products to enhance crop yields and to restrict the amount of pesticide wastes.
They are extensively used in insecticides to prevent crop losses caused by insect attacks. Reports state that nearly 40% of the world’s agricultural crops are lost to pests annually. A rise in crop failures due to pests will support the use of insecticides over time.
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Coronavirus pandemic has adversely affected the industry due to production restrictions in the chemical sector due to regulations announced by governments in a bid to control the spread of the infection. Although, with gradual relaxation announced in many countries with increase in number of vaccinated population and the reduction in COVID-19 cases, the agricultural adjuvant market will gain momentum.
Use of sulfonates
Adjuvants based on sulfonates are widely used in buffers and acidifiers. In most emerging nations, declining groundwater levels have become a major concern. Groundwater can become more alkaline and when used with herbicides, can reduces its quality.
Due to such concerns, sulfonate-based adjuvants are majorly in high demand, especially in countries like India, Thailand, Vietnam, and Korea where the economy primarily relies on agricultural production.
Fruits and vegetables protection
Fruits and vegetables are one of the most affected crops/vegetation affected by pests, rodents, and pathogens. Farmers are steadily getting aware about the benefits of adjuvants and their compatibility with pesticides and herbicides to procure pest-free products. Technological advancement along with growing product acceptance by farmers globally will complement the use of agricultural adjuvants in fruit and vegetable farming.
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U.S: a key market for agricultural adjuvant producers
The U.S. has emerged as one of the leading markets for agriculture adjuvants companies. Farmers in the U.S. are gaining consciousness of different pesticides that are suitable for their crops. Enhancing trade regulations along with rapid increase in population has driven the export of food grains from developed nations to regions with limited food access.
The aforementioned factors have encouraged farmers to increase their yields along with encouraging other farmers to adopt crop protection products.
Expansion in agricultural adjuvants market is characterized by the presence of many leading producers that are actively investing in R&D and merging and acquiring other companies to expand their product portfolio and increase their global presence.
Some of the leading names in the industry include Clariant AG, Akzo Nobel, Dow DuPont, Loveland Products Inc., Solvay, and Wilbur-Ellis Company Inc., to name a few.
To sum up, an increase in demand for food along with the consequent need to increase crop yield will positively influence the demand for agricultural adjuvants in the coming years.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.