(I-BusinessNews.Com, November 07, 2019 ) The agricultural adjuvants market is estimated to account for a value of USD 3.3 billion in 2019 and is projected to grow at a CAGR of 5.3% from 2019, to reach a value of USD 4.7 billion by 2026. An increasing need for green adjuvants, improving efficiency and effectiveness of agrochemicals are some of the factors driving the growth of this market.
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Increasing need for green adjuvants
Most adjuvants that are added in crop protection chemicals are derived from petroleum or other chemical sources. The surplus use of these chemically derived adjuvants in pesticide affects the environment and human health. For example, nonylphenol ethoxylate, a wetting and dispersing agent, is still used in some agrochemical applications. This surfactant causes endocrine toxicity in animals and is also toxic to aquatic organisms. Hence, government authorities and adjuvant manufacturers have been shifting their focus on renewable and sustainable products. This trend will lead to high demand for naturally derived products that pose a negligible threat to the environment as compared to conventional petroleum-derived products that are toxic in nature and can lead to bioaccumulation within the ecosystem.
In recent years, the demand for bio-based adjuvants such as methylated seed oil (MSO), modified vegetable oils, and organo-modified siloxanes has been growing. These biologically derived adjuvants are considered eco-friendly due to their high level of safety and biodegradability. The rising awareness among consumers for the use of renewable and natural ingredients boosts the demand for bio-based adjuvants and the development of greener solutions for various applications such as agriculture, cosmetics, and pharmaceuticals. The manufacturers are, therefore, keen to adapt to this changing trend of utilizing green adjuvants in their products. Also, there are few players such as Wilbur-Ellis Holdings, Inc. (US) and Precision Laboratories, LLC (US) that offer products containing methylated seed oil.
Adjuvants for biological products
Adjuvants are mostly added to synthetic pesticides to improve their performance. However, these adjuvants undergo strict regulations and require high investment for production. Hence, there is a need to develop adjuvants that can be used in biological products such as biopesticides and biostimulants.
Adjuvant manufacturing companies are constantly adapting to the changing demands by developing novel products and technologies. With the increasing awareness of eco-friendly and sustainable products, the necessity to develop adjuvants that can be compatible with biological products has been increasingly realized. Sustainable and non-oil adjuvants are required to maintain the viability and pesticidal efficiency of agricultural biologicals such as biostimulants and biofertilizers.
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Asia Pacific is projected to grow at the highest CAGR during the forecast period
The market for agricultural adjuvants in the Asia Pacific region is expected to grow at the highest CAGR from 2019 to 2026, owing to the increasing investments by key players in countries such as China, India, and Thailand, and also the rising adoption of adjuvant technology by the crop growers for insecticide applications. Due to these factors, the market in the Asia Pacific region is projected to record the highest growth from 2019 to 2026.
This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the agricultural adjuvants market. It includes the profiles of leading companies such as Miller Chemical and Fertilizer, LLC (US), Precision Laboratories (US), CHS Inc (US), Winfield United (US), Kalo Inc. (US), Nouryon (Netherlands), Corteva Inc. (US), Evonik Industries (Germany), Nufarm (Australia), Croda International (UK), Solvay (Belgium), BASF (Germany), Huntsman Corporation (US), Clariant (US), Helena Agri-Enterprises (US), Stepan Company (US), Wilbur-Ellis Company (US), Brandt (US), Plant Health Technologies (US), and Innvictis Crop Care (US).
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