Agricultural Adjuvants Market Worth 3.51 Billion USD by 2021
PUNE, India, August 3, 2016 /PRNewswire/ --
The report "Agricultural Adjuvants Market by Type (Activator & Utility), Application (Herbicides, Fungicides, and Insecticides), Crop-Type (Cereals & Oilseeds and Fruits & Vegetables), & by Region - Global Trends & Forecast to 2021", The market is projected to grow at a CAGR of 5.8% from 2015, to reach a projected value of USD 3.51 Billion by 2021.
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Browse 66 market data Tables and 47 Figures spread through 188 Pages and in-depth TOC on "Agricultural Adjuvants Market"
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Agricultural adjuvants, when formulated with agrochemicals, offer several benefits such as increased retention of spray droplets and improved spreading of the spray droplets on the leaf surface. Increase in demand for agrochemicals to avoid and control the pest damage loss of crop has resulted in the growth of the Agricultural Adjuvants Market.
Herbicides segment to dominate the Agricultural Adjuvants Market
Agricultural adjuvants are gaining importance due to its benefits in increasing the efficiency of the agrochemicals to improve the quality and yield of agricultural produce. The herbicides segment is dominating the Agricultural Adjuvants Market in 2015 and is projected to grow at the highest CAGR.
This segment in the Agricultural Adjuvants Market is mainly driven by changes in farming practices and technologies. With the increasing pressure on food production, globally, the demand for agricultural products such as cereal and grains, fruits & vegetables, oilseeds & plantation crops products is increasing; this has led to an increase in the demand for herbicides.
Activator adjuvants are the most widely used agricultural adjuvants
Activator adjuvants dominate the Agricultural Adjuvants Market in 2015; this segment is projected to grow at the highest CAGR during the forecast period. Activator adjuvants are classified into surfactants, oil adjuvants, and ammonium fertilizers. Surfactants are one of the important adjuvants and are further classified into ionic, cationic, nonionic, and amphoteric. Nonionic surfactants are the most widely used agricultural surfactants.
Precision farming enables the use of agricultural activator adjuvants to ensure judicious usage of the agrochemicals required for controlling specific target pests. Increase in adoption of precision farming, reduction in arable land, and the compatibility of activator adjuvants with the pesticides drives the market for activator adjuvants.
Increase in the usage of agrochemicals and increase in farm expenditure: key to success in the Asia-Pacific and Latin American regions
China and Brazil constituted the largest country-level markets in the Asia-Pacific and Latin American regions, respectively, in 2014. Government initiatives such as subsidies and incentive schemes, rise in awareness regarding the benefits of agrochemicals, and increase in farm expenditure have led to the use of adjuvants in the agricultural sector on a large scale. North America dominated the market and accounted for the largest market share globally in 2015, owing to a high rate of adoption of new technologies to increase farm operation efficiency and to minimize the cost of operations.
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This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as The Dow Chemical Company (U.S.), AkzoNobel N.V (The Netherlands), Evonik Industries (Germany), and Solvay S.A (Belgium).
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