Agricultural adjuvants are used to improve the effectiveness of pesticides, such as insecticides, herbicides, fungicides and others used to control or eliminate unwanted pests. Agricultural auxiliaries consist of ammonium fertilizers, surfactants and oils. They are vital in increasing the efficiency of agrochemicals, thereby increasing crop productivity. The world market for agricultural adjuvants was worth US$ 3.3 billion in 2019 and is projected to garner a CAGR of 5.93%, reaching US$ 4.4 billion by 2024. With the lack of land and water, the importance of authorization is increasing. Innovative technologies can help improve the harvest. As a result, agricultural assistants are in high demand, as farmers are determined to achieve a nutritious and high-quality crop.
Market Drivers and Restraints:
The growth of the world market for agricultural adjuvants is mainly based on factors such as increased awareness among farmers, innovative production practices, innovative agricultural equipment and a higher incidence of pests and diseases. Another crucial factor that drives the market is the growing population, which results in the need to increase the harvest. However, safer substitutes such as organic farming and organic pesticides, unstable economies and the numerous health risks associated with these additives are key factors that hinder market development.
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Report segmented as
By Crop Type:
Fruits & Vegetables,
Cereals & Oilseeds
Utility Adjuvants-Drift Control Agents,
The market has been geographically distributed in North America, Europe, Asia-Pacific and the rest of the world. North America has led the global agricultural adjuvants due to its high utilization rate and acceptance of precision cultivation. The European market is expected to grow at a slow pace, mainly due to market maturity and regulatory restrictions. The growing demand for adjuvants in countries such as China and Brazil is expected to provide huge growth prospects for the market in the Asia-Pacific and Latin America regions.
Important Market Players:
The major corporations dominating the worldwide Agricultural Adjuvants marketplace are Akzonoble N.V., Adjuvant plus Inc., Clariant International Ltd., Solvay SA, Helena Chemical Company, and Tanatex Chemicals.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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