Agricultural Adjuvants Market: Growth Opportunities and Recent Developments

Northbrook, USA, 2020-Feb-12 — /EPR Network/ — 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.

stringent regulations to manufacture adjuvants

For the manufacture and registration of agricultural adjuvants, there are different regulations across different regions, which makes it difficult for exporters to maintain different production plants and comply with each country’s specifications. Stringent environmental regulations across all countries have increased the cost of developing new products and resulted in their delayed launch. This has been a strong barrier for new market players to utilize the opportunities to enter this market.

Adjuvants produced from petrochemicals undergo various chemical processes that release toxic wastes and gases. Various regulations are imposed by government agencies such as the United States Environmental Protection Agency (US EPA) and EU’s Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) to address them. These agencies map and monitor the toxicity emission levels within permissible levels.

The EPA regulates the manufacture and use of adjuvant products. Also, US states such as California, Washington, and Idaho require separate registration of agricultural adjuvants. However, the regulations in California and Washington are strict regarding the usage of pesticides and surfactants. Surfactant manufacturing companies need to provide details regarding products, such as the list of registered ingredients which should be specified in the label and an efficacy data to prove that the product will function as the company has stated. Similarly, in Canada, adjuvants are regulated by the Pest Management Regulatory Agency (PMRA), which ensures that each ingredient used in the adjuvant is tested and proven safe.

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The cereals & grains segment, by crop type, is estimated to account for the largest market share, by value, in 2019

Cereals & grains accounted for the largest consumption of herbicides in North America and Asia Pacific, owing to the high cultivation of corn and wheat in countries such as the US and China. Adjuvants are added to the commercial formulae of herbicides to improve their efficacy by increasing the adhesion properties of herbicides to the leaf surface, as well as aiding transport across the waxy cuticle membrane and into the plant. Adjuvants used in herbicide treatment solutions for cereals & grains aim to improve spray droplet retention and penetration of active ingredients into the plant foliage. Thus, cereals and grains are estimated to be the most popular crop type in the agricultural adjuvants market.

The increasing demand for improved varieties in crops in the Asia Pacific regions is driving the growth of the agricultural adjuvants market.

Asia Pacific comprises of developing countries with vast agricultural lands; the per capita income of the region depends on agricultural activities. Agricultural technologies are widely accepted and practiced in this region. In Asia Pacific, the total area under agriculture is shrinking due to the high rate of industrialization and urbanization. As a result, farmers opt for practices such as the use of chemical pesticides, which help to increase the yield or productivity of crops.

Key players in the agricultural adjuvants market include Solvay (Belgium), Evonik Industries (Germany), Nufarm (Australia), and Croda International (UK), Corteva Inc. (US), and BASF (Germany). Product innovation, expansions & investments, mergers & acquisitions, joint ventures, and agreements, collaborations, joint ventures, disinvestments, and partnerships were some of the core strengths of the leading players in the agricultural adjuvants market. These strategies were adopted by the key players to increase their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Some of the other leading players in the agricultural adjuvants include Miller Chemical and Fertilizer, LLC (US), Precision Laboratories (US), CHS Inc (US), Winfield United (US), Kalo Inc. (US), Nouryon (Netherlands), 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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