The agricultural adjuvant market is currently being catalyzed by a rise in agrochemical demand and an increasing importance for precision farming. According to the latest report by IMARC Group, titled “Agricultural Adjuvant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global agricultural adjuvant market reached a value of US$ 2.8 Billion in 2017.
An agricultural adjuvant refers to any substance that improves the efficiency of pesticides, including but not limited to insecticides, herbicides, fungicides and other agents that control or eliminate unsolicited pests. Like medical adjuvant, agriculture adjuvant isn’t directly responsible for controlling or eliminating pests. These additives instead enable the pesticides to target, penetrate or protect the organism by modifying a particular property of the spray solution. Surfactants, oils, salts and emulsifiers are amongst some of the commonly used ingredients in a spray. Each of these ingredients enable the spray solution to enhance their properties like penetration, spreading, droplet size and more. Sometimes these additives are incorporated in the formulation with a pesticide. While other times, these are added distinctly to a tank.
Adjuvant can be divided into two parts; at first, In-can adjuvant refers to adjuvant which are incorporated in the pesticide formulations themselves. When these are added distinctly, as and when the spray solution is made, the adjuvant is called tank mix adjuvant. The addition of these tank mix adjuvant can sometimes optimize the performance of the pesticide.
With the introduction of agricultural processes like commercial farming and contract farming, the global agricultural adjuvant market is expected to witness a significant growth in the forecasted years. Additionally, protected agriculture practices are anticipated to further fuel the market. Moreover, surfactants, oils, salts and emulsifiers are indispensable for effective crop production, hence they can uplift the market growth as well. Herbicides, fungicides and insecticides are also gaining traction because of its utility and function, which remains a key factor for the agricultural market as the demand for crop protection chemicals is increasing. In addition, farmers are now more aware about various agrochemicals and advanced farming equipment. Looking forward, the market value is projected to exceed US$ 3.9 Billion by 2023, exhibiting a CAGR of more than 5.5% during 2018-2023.
This report provides a deep insight into the global agricultural adjuvant market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the agricultural adjuvant market in any manner.
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