With the emergence and long-term Impact of COVID-19, Global Agricultural Adjuvants Market to reach USD 5.25 billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Agricultural Adjuvants Market points towards a potential rise to USD 5.25 billion by 2030. Agricultural Adjuvants are the additional additives in fertilizers and pesticides for healthy crop production and improve overall performance. The Agricultural Adjuvants Market is expanding because of factors such as an increase in the popularity of crop protection products and a rise in demand for high agricultural yield. However, a rise in the cost of agricultural plantations and strict laws associated with agricultural adjuvants tend to hinder market growth.
Geographically, global Agricultural Adjuvants market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa (MEA). Asia Pacific dominated the market in 2022 as it is the largest producer of the agriculture sector. Rising demand for staple food and other food products has pushed the need for high crop yield. Moreover, the support from governmental and private organizations to support agricultural production has led this market to grow in this region. Europe is expected to grow significantly over the forecast period, owing to factors such as that some European countries have resulted in growth in the production of crops additionally growing population in this region is a factor leading this market in this region.
The global Agricultural Adjuvants market is highly competitive owing to the presence of several key players such as Bayer Cropscience Ltd, Clariant AG Solvay SA The Dow Chemical Company Attune Agriculture Evonik Industries AG Ingevity Nufarm Limited Corteva Agriscience Croda International PLC, and others.
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Key findings of the study suggest:
- Global Agricultural Adjuvants Market is anticipated to grow with a healthy growth rate of more than 4.7% over the forecast period 2023-2030.
- In the Product segment, Utility Adjuvants emerged out as the leading market segment in 2022.
- Asia Pacific is anticipated to drive regional growth owing to Rising demand for staple food and other food products has pushed the need for high crop yield in the region.
- Europe is expected to grow at higher rate owing to growing population in the region
Bizwit Research & Consulting has considered following segments for the study:
By Product:
- Activator Adjuvants
- Utility Adjuvants
By Application:
- Herbicides
- Insecticides
- Fungicides
- Others
By Source:
- Petroleum-based
- Bio-based
By Formulation:
- Oil-based
- Others
By Type by Crop:
- Organic
- Conventional
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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