ALBANY, New York, December 19, 2016 /PRNewswire/ --
Transparency Market Research has released a new market report titled "Agricultural Adjuvants Market by Type (Activators and Utility) for Herbicides, Insecticides, Fungicides, and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016-2024." According to the report, the global agricultural adjuvants market was valued at US$ 2.36 Bn in 2015 and is estimated to reach US$ 4.16 Bn by 2024, expanding at a CAGR of 6.6% between 2016 and 2024.
Agricultural adjuvant plays a key role in the global agrochemical market. Agricultural adjuvants and agrochemicals are supplementary to each other, i.e., high consumption of agrochemicals would lead to high consumption of adjuvants. Agricultural adjuvants help improve the usage of pesticides. They also help manage the quality of crops in a cost effective manner. Precision farming is a concept of crop management that is carried out on site. It helps optimize resources and results depending on the inputs. Precision farming focuses on managing, measuring, and responding to various varieties of crops. The usage of agricultural adjuvants has helped increase the efficiency of pesticides that are used in precision farming.
Agricultural adjuvants are used in herbicides, insecticides, fungicides, and others (Fertilizers, micronutrients, bio stimulants, disinfectants, etc). Adjuvants are used extensively in herbicides. Demand for herbicides is high, followed by that for insecticides and pesticides. Rise in demand for usage of crop protectants across the globe has boosted the consumption of agricultural adjuvants in various formulations of pesticides. Increase in demand for agricultural adjuvants in various sustainable and effective crop protectants such as herbicides, fungicides, and insecticides is expected to drive the market during the forecast period.
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Demand for agricultural adjuvants market is high in North America, followed by that in Latin America and Asia Pacific. North America is a well-established market for agricultural adjuvants as it is a developed region. The U.S. is one of the major producers of agricultural adjuvants in North America, followed by Canada. The U.S. accounted for a significant share of the agricultural adjuvants market in North America in 2015. In case of Asia Pacific, the adjuvants market agricultural economies such as India and China. The agrochemicals market in Europe is expected to expand at a rapid pace due to the increasing awareness among farmers about the usage of technology in various agricultural processes.
Key players operating in the agricultural adjuvants market include Akzo Nobel N.V., Solvay S.A., Croda International Plc., Momentive Performance Materials Inc., Clariant, Dow Corning Corporation, Brandt Consolidated, Inc., Loveland Products, Inc., and others.
The report segments the global agricultural adjuvants market as follows:
Agricultural Adjuvants Market: Product Type Analysis
- Oil Adjuvants
- Petroleum Oil
- Vegetable Oil
- Ammonium fertilizers
- Wetting Agents & Spreaders
- Buffering Agents
- Drift Control & Foaming Agents
- Defoaming & antifoaming Agents
Agricultural Adjuvants Market: Application Analysis
Agricultural Adjuvants Market: Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA
Browse Other Research Report:
- Agricultural Biotechnology Market: http://www.transparencymarketresearch.com/agricultural-biotechnology-market.html
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