Published: Jan, 2018
The global agricultural adjuvants market appeared to be extremely consolidated in the recent past, with the top three players, namely, Solvay, Akzo Nobel N.V., and Clariant, collectively holding more than 50% of the overall market in 2015, states Transparency Market Research (TMR) in a new research report. The scenario is likely to remain more or less the same over the next few years and these players are expected to hold a significantly high control over the supplies of agricultural adjuvants in the developed regions. Researchers anticipate the degree of competition to increase within this market over the forthcoming years, report the market study.
As per TMR estimations, the global market for agricultural adjuvants was worth US$2.36 bn in 2015. Analysts expect it to rise at a CAGR of 6.60% during the period from 2016 to 2024 and present an opportunity worth US$4.16 bn by the end of the period of the forecast. Fungicides, insecticides, and herbicides have surfaced as the main application areas of agricultural adjuvants. Among these, herbicides are reporting a relatively higher demand for these adjuvants than other applications. North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa are considered as the key regional segments of the worldwide agricultural adjuvants market. North America and Latin America have been registering a tremendous demand for agricultural adjuvants and are expected to remain doing so over the next few years. Asia Pacific, with increased awareness among farmers and agriculturalists, is projected to follow both the regional markets in the near future, reports the research study.
Usage of Advance Techniques in Farming to Boost Market’s Growth
“The global market for agricultural adjuvants is observing a remarkable upswing in its valuation,” says a TMR analyst. The increasing need for superior methods and chemicals for the protection of crops is the main factor behind the tremendous growth of this market. This requirement is majorly borne out of a continual reduction in the average available farmland, together with an increasing consumption of foods. Going forward, the increasing usage of advance techniques in farming is expected to propel the market for agricultural adjuvants in the years to come, states the research report.
Increasing Usage of GM Seeds to Hamper Market
Although the future of the global market for agricultural adjuvants looks bright, it may face challenges from the increasing usage of genetically modified seeds, which, generally, are more effective in terms of crop yield and safety from pests in the near future, reports the market study.
The review is based on a report by Transparency Market Research, titled “Agricultural Adjuvants Market (Product Types - Activators (Surfactants, Oil Adjuvants, and Ammonium Fertilizers) and Utility (Wetting Agents & Spreaders, Buffering Agents, Drift Control & Foaming Agents, and Defoaming and Antifoaming Agents); Applications - Herbicides, Insecticides, and Fungicides) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2024.”
The global agricultural adjuvants market is segmented into:
By Product Type
- Oil Adjuvants
- Petroleum Oil
- Vegetable Oil
- Ammonium fertilizers
- Wetting Agents & Spreaders
- Buffering Agents
- Drift Control & Foaming Agents
- Defoaming & antifoaming Agents
- 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
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
US Office Contact