Rising Awareness About Sustainable Agriculture is Boosting the Growth of The Global Agriculture Adjuvants Market
Global Agriculture Adjuvants Market to Gain CAGR of 4.7% over 2023 – 2031; says Absolute Markets Insights
HOUSTON, TEXAS, UNITED STATES, July 12, 2023/EINPresswire.com/ -- Global Agriculture Adjuvants Market IntroductionIn terms of revenue, the global agriculture adjuvants market was valued at US$ 3.1 Bn in 2022, growing at an estimated CAGR of 4.7% from 2023- 2031. Agricultural adjuvants are substances or formulations added to pesticides, herbicides, and other agricultural chemicals to enhance their performance and effectiveness. These adjuvants are not intended to be used as active ingredients but rather as additives that improve the efficiency and efficacy of the main agricultural products. Crop protection chemicals are widely utilised in the agricultural business to safeguard crops and ensure higher harvests. Insecticides, herbicides, and fungicides are used in a number of methods to control crop hazards. As global food consumption rises, so does the demand for more effective crop protection solutions. While research is being conducted to improve the effectiveness of these substances, adjuvants are becoming increasingly popular across the world.
Global Agriculture Adjuvants Market Key Takeaways
Numerous technical advancements have been made in the agricultural industry over the years to enhance the overall performance of agrochemicals and boost agricultural productivity. The main cause of this is agricultural adjuvants, which are used to enhance performance. Adjuvant technology is being developed by a number of market players to increase tank mixtures' overall efficacy. For instance, Innvictis Crop Care introduced Innterro, its most recent adjuvant technology, in April 2023. Seven distinct, multi-functional, full-strength adjuvants are available through the new Inntero technology, and they may be used at rates as low as one quart per 100 gallons of spray solution. Thus, with such innovations farmers will have clear knowledge about the adjuvants, which is leading for the growth of the overall agriculture adjuvants market in the upcoming years.
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A new generation of adjuvants is necessary due to a number of technological and regulatory issues in agriculture that have arisen during the past ten years. The adjuvant industry has developed next generation of drift control chemicals and integrated anti-drift and anti-volatility solutions in response to rising phenoxy herbicide use. These adjuvants assist to put more on-target and decrease off-site movement when used in conjunction with modern nozzle technology. Future pesticide usage for environmental protection will benefit from this multiyear project. Moreover, an adjuvant manufacturer must be quick-thinking in terms of research and development, regulatory knowledge, and contemporary production in order to handle these obstacles. Continuous improvements of manufacturing capabilities guarantee that even the most difficult adjuvant composition may be produced effectively and affordably. Adjuvant innovation involves the effective fusion of all the aforementioned disciplines into a single entity.
Asia Pacific region had the highest share in the agriculture adjuvants market during the forecast period. Agriculture sector has been a huge contributor to the Asian economy for last 50 years. Farmers across countries such as India, China, Japan are looking forward to higher adoption of agriculture adjuvants to increase their crop yields within less time. Whereas on the other hand, manufacturers are introducing new adjuvant products in the market by collaboration with research institutions for effective results. In China, AXEB adjuvant is particularly well-liked. The businesses have developed creative functional positioning for adjuvant goods alongside Shanghai Zhongrui Chemical Co., Ltd. The Chinese Academy of Agricultural Sciences, the China Agricultural Technology Promotion Centre, and other reputable institutions have also received joint commissions from the enterprises to perform mechanism test study and application promotion research on the "Pesticide Navigation" product line. Thus, with such initiatives the agriculture adjuvants market will upsurge in the Asia Pacific region in the upcoming years.
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Global Agriculture Adjuvants Market Key Competitors & Developments:
In May 2023, Agnique HP 450, a tank-mix adjuvant from BASF SE, was introduced to boost output and improve fungicide efficiency. Increased output is guaranteed by the novel adjuvant's biodegradable and plant-based composition. Agnique HP 450, according to the company, demonstrated its effectiveness in three field tests, where there was a 14% rise in harvest productivity and an 8% improvement in protection effectiveness.
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A few of the key companies covered in the global agriculture adjuvants market are listed below:
o Axeb
o BRANDT
o CLARIANT
o Croda International Plc
o Evonik Industries AG.
o Helena Agri-Enterprises, LLC
o Huntsman Corporation.
o Ingevity
o Lamberti S.p.A.
o Matangi Industries.
o Nufarm New Zealand
o Solvay
o The Dow Chemical Company.
o Wilbur-Ellis Holdings, Inc.
o WinField United
o Other Market Participants
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Global Agriculture Adjuvants Market
By Form
o Formulation
o Spray
o Activator
Surfactants
• Nonionic
• Ionic
• Amphoteric
Oils
• Crop oils
• Crop oil concentrates
• Methylated seed oils
Nitrogen-based fertilizers
o Special-purpose
Compatibility agents
Deposition agents
Drift control agents and Thickeners
Defoaming agents
Foam markers
Buffering and Conditional agents
pH buffers
Dyes
Others
By Application
o Field Crops
o Fruit and Vegetable production
o Tree and Specialty Crop
o Turf
o Others
By Distribution Channel
o Direct
o Indirect
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By Region
o North America (U.S., Canada, Mexico, Rest of North America)
o Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
o Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
o Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
o Latin America (Brazil, Argentina, Rest of Latin America)
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