Agricultural Adjuvants Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.24 Billion |
| Market Size (2029) | USD 2.82 Billion |
| CAGR (2024 - 2029) | 4.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Agricultural Adjuvants Market Analysis
The Agricultural Adjuvants Market size is estimated at USD 2.24 billion in 2024, and is expected to reach USD 2.82 billion by 2029, growing at a CAGR of 4.70% during the forecast period (2024-2029).
- In recent years, the agricultural adjuvants market has seen significant growth, driven by the rising demand for sustainable pest management in developed nations. As global food demand surges, the push for enhanced agricultural productivity has increased reliance on crop protection chemicals, fueling the agricultural adjuvants market. Furthermore, the need for these chemicals to perform effectively across diverse climatic conditions has spurred innovations in their corresponding adjuvants.
- Regions worldwide, notably North America, Europe, and the Asia-Pacific have enacted stringent regulations governing the exposure and application of genetically modified organisms (GMOs) in agriculture. This regulatory landscape has reduced GMO crop production in these areas, thereby facilitating a more prevalent use of adjuvants in agricultural practices. Given the widespread adoption of GMO crops, one might assume a diminished reliance on adjuvants. However, farmers opting for herbicide-resistant GMO seeds have effectively mitigated issues traditionally addressed by chemical applications, underscoring the reduced need for adjuvants. Thus, the stringent regulations surrounding GMO crop production in these regions have inadvertently bolstered the demand for agricultural adjuvants.
- Moreover, the agricultural adjuvants market is characterized by intense competition, with numerous players vying for dominance. Key players, including Nufarm, Croda International PLC, Evonik Industries AG, Brandt Consolidated Inc., and Attune Agriculture, have strategically expanded their product portfolios and business operations to solidify their market positions. A prevalent strategy among these companies has been the introduction of innovative products to diversify their offerings. For instance, in 2022, Brandt Inc. unveiled its cutting-edge BRANDT Integras Adjuvant Technology, designed to enhance pesticide application efficiency and minimize losses.
Agricultural Adjuvants Market Trends
Herbicide is a Significant Segment by Type
The global population is increasing exponentially. Nearly 200,000 people are added to the world food demand daily. According to the population division by the United States, the world's human population has increased nearly fourfold in the past 100 years and is projected to reach 9.2 billion by 2050. Thus, supplying food to the growing population has become a global threat.
Moreover, various crop pests cause 10-16% of global crop losses annually. Therefore, to meet the global food demand, farmers adopt herbicide adjuvants as a key strategy. The use of adjuvants over crops is a proven technology for increasing global food production. As per FAOSTAT, in 2021, herbicide consumption worldwide reached 1,732.3 thousand metric tons from 1,655.4 thousand metric tons in 2019.
Besides, herbicides are chemical agents used to kill or inhibit the growth of unwanted plants, such as residential or agricultural weeds and other invasive species. The ease of application is a significant advantage of chemical herbicides over mechanical weed control methods. This also helps save labor costs. The most widely used synthetic herbicides include glyphosate 2, 4-D, atrazine, glufosinate-ammonium, paraquat, pendimethalin, dicamba, fluroxypyr, and metolachlor. However, the growth of the market is mainly driven by glyphosate. Glyphosate, sold under the Roundup brand name of Bayer, is the largest-selling herbicide in the market. It is a broad-spectrum, non-selective, and systemic herbicide, accounting for 60% of the global non-selective herbicides market.
Thus, the increasing population, the growing need to increase crop yield and quality, and the urge to control crop losses to weeds are the major factors driving the market growth.
North America Dominates the Market
North America dominates the agricultural adjuvants market, being a leading hub for advanced crop protection technologies. With vast expanses dedicated to crops like corn and soybean both heavy users of crop protection chemicals the reliance on adjuvants is pronounced. Additionally, heightened awareness of scientific crop protection practices among farmers further amplifies adjuvant usage.
The major share of this region is attributed to crucial factors, such as a rapidly growing population, continuous reduction in the arable land, and increased demand for standard-quality food. Moreover, factors such as shortages of agricultural labor, changing agricultural practices, growing recognition of the environmental impact of agriculture, and growing interest in sustainable production systems are further expected to support the market growth in North America.
In addition, ongoing research and development activities on improved and efficient adjuvant solutions are also anticipated to widen the scope for market growth. The government policies adopted for sustainable agricultural practices support the consumption of adjuvants, which is an additional key factor driving the growth of the market studied in the region.
Agricultural Adjuvants Industry Overview
The market for agricultural adjuvants is consolidated, with local players occupying the maximum share. Key players in the market are focusing on new product launches to cater to a broader consumer base and expand their market presence. Investments in research and development of cheap and effective products are another strategy market leaders adopt. Some of the major players in the market are Nufarm, Brandt Consolidated Inc., Croda International PLC, Evonik Industries AG, and Attune Agriculture.
Agricultural Adjuvants Market Leaders
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Croda International PLC
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Nufarm
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Evonik Industries AG
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Attune Agriculture
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Brandt Consolidated Inc.
*Disclaimer: Major Players sorted in no particular order
Agricultural Adjuvants Market News
- June 2022: Stepan Company launched its European Supply Chain Sustainability Council, which is focused on engaging all areas of its European business to track and forecast future needs, making the supply chain channels more effective and stable.
- April 2022: Lamberti SPA acquired UK-based Turftech International. Turftech is a leading company that develops and sells special surfactants for applications in horticulture and turf. The company is expanding its product portfolio and market share in the region through this acquisition.
Agricultural Adjuvants Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope Of The Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increased Practice of Protected Agriculture
4.2.2 Stringent Regulation for Genetically Modified Crops
4.2.3 Growing Food Demand and Decrease in Arable Land
4.3 Market Restraints
4.3.1 Emphasis On Sustainable Farming
4.3.2 Regulations On Adjuvants and Other Agrochemicals
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Activator Adjuvants
5.1.1.1 Surfactants
5.1.1.2 Oil Adjuvants
5.1.2 Utility Adjuvants
5.2 Application
5.2.1 Herbicide Adjuvants
5.2.2 Insecticide Adjuvants
5.2.3 Fungicide Adjuvants
5.2.4 Other Applications
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Russia
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Argentina
5.3.4.2 Brazil
5.3.4.3 Rest of South America
5.3.5 Africa
5.3.5.1 South Africa
5.3.5.2 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Adopted Strategies
6.3 Company Profiles
6.3.1 Adjuvant Plus Inc.
6.3.2 Akzonobel NV
6.3.3 Brandt Consolidated Inc.
6.3.4 Croda International PLC
6.3.5 Evonik Industries AG
6.3.6 Garrco Products Inc.
6.3.7 Helena Chemical Company
6.3.8 Huntsman Corp.
6.3.9 Interagro (UK) Ltd
6.3.10 Lamberti SPA
6.3.11 Momentive Performance Materials Inc.
6.3.12 Nufarm
6.3.13 Solvay
6.3.14 Wilbur-Ellis Company
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Agricultural Adjuvants Industry Segmentation
Agricultural adjuvants are secondary products that are used to improve efficiency and facilitate the functions of agrochemicals, such as insecticides, herbicides, and fungicides.
The agricultural adjuvants market is segmented by type (activator adjuvants (surfactants and oil adjuvants) and utility adjuvants), application (herbicide adjuvants, insecticide adjuvants, fungicide adjuvants, and other applications), and geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market size and forecasts for the agricultural adjuvants market in terms of value (USD) for all the above segments.
| Type | ||||
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| Utility Adjuvants |
| Application | |
| Herbicide Adjuvants | |
| Insecticide Adjuvants | |
| Fungicide Adjuvants | |
| Other Applications |
| Geography | ||||||||
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Agricultural Adjuvants Market Research FAQs
How big is the Agricultural Adjuvants Market?
The Agricultural Adjuvants Market size is expected to reach USD 2.24 billion in 2024 and grow at a CAGR of 4.70% to reach USD 2.82 billion by 2029.
What is the current Agricultural Adjuvants Market size?
In 2024, the Agricultural Adjuvants Market size is expected to reach USD 2.24 billion.
Who are the key players in Agricultural Adjuvants Market?
Croda International PLC, Nufarm, Evonik Industries AG, Attune Agriculture and Brandt Consolidated Inc. are the major companies operating in the Agricultural Adjuvants Market.
Which is the fastest growing region in Agricultural Adjuvants Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Agricultural Adjuvants Market?
In 2024, the North America accounts for the largest market share in Agricultural Adjuvants Market.
What years does this Agricultural Adjuvants Market cover, and what was the market size in 2023?
In 2023, the Agricultural Adjuvants Market size was estimated at USD 2.13 billion. The report covers the Agricultural Adjuvants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Agricultural Adjuvants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Agricultural Adjuvants Industry Report
The report on the Global Agriculture Adjuvants Market covers manufacturers and segments the market by type, including activator adjuvants such as surfactants and oil adjuvants, and utility adjuvants. It also segments by application, including herbicide adjuvants, insecticide adjuvants, fungicide adjuvants, and other applications. The geographical segmentation includes North America, Europe, Asia-Pacific, South America, and Africa. The report provides market size and forecasts in value for all segments.
The global market for agriculture adjuvants is analyzed through various lenses, including market size, market share, and market growth. This comprehensive market analysis includes insights into market trends, market forecast, and market outlook. Industry reports and industry analysis are utilized to provide a detailed industry overview, highlighting market leaders and their roles in the market.
The market research includes industry information, industry outlook, and industry trends, providing a thorough industry overview. The market forecast and market predictions offer a forward-looking perspective on the market growth and market value. The report also includes market review and market segmentation, ensuring a detailed understanding of the market dynamics.
Industry statistics and industry size are critical components of the market data presented. The report example and report PDF provide a tangible reference for the data and insights shared. Research companies have contributed to the industry research, ensuring the accuracy and relevance of the industry information provided.
Overall, the report offers a detailed market review, incorporating market data, market segmentation, and market value. The inclusion of industry trends and industry statistics provides a comprehensive view of the market, supported by a robust market forecast and market outlook. The industry sales, industry size, and industry statistics are crucial for understanding the market dynamics and future growth potential.
