Agricultural Adjuvants Market Size

Agricultural Adjuvants Market Size

Agricultural Adjuvants Market size was 2,859.62 million in 2020 and will grow at a CAGR of 5.2% from 2021 to 2027. Adjuvants are compounds added to herbicide, fungicide, insecticides or any other crop protection agent formulation to facilitate the mixing, application, or effectiveness of that compound

Growing demand for better crop yield due to the depletion of agricultural lands owing to urbanization and rising population is expected to drive agricultural adjuvants market. The demand for food grains is rising owing to many emerging economies moving from lower-income countries to middle-income countries. As they become richer, the demand for better and fresh food increases

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Farmers are looking for opportunities to generate huge profits by increasing their land productivity. Arable lands are shrinking rapidly owing to numerous factors such as soil pollution, industrialization, urbanization, growing threats from pests & insects, etc. Farmers are protecting their yield from damage due to pests, pathogens, weeds, and rodents by using pesticides & insecticides. For that purpose, adjuvants are primarily used to help pesticides improve their efficacy along with application on crops.

In developed economies, commercialization of the agriculture sector will give a thrust to agriculture adjuvant demand. Many environmental regulations force farmers to use biodegradable products. Many industry players associated with adjuvants are providing ecofriendly products, which makes them viable. The products comply with environmental norms and assure that the demand for adjuvants will further increase in the future.
 

In emerging economies, the agriculture adjuvants market faces challenges such as limited product awareness and knowledge on the effective usage & compatibility of products with different pesticides. With various governments taking initiatives and improving farming methods in developing economies, the market growth rate is expected to propel in the near future.
 

Lack of awareness regarding the usage of agricultural adjuvants to improve and enhance the efficacy of pesticides is hampering the agricultural adjuvants market growth. Many farmers in emerging economies have little or no information on agricultural adjuvants and their benefits. With government support, various NGOs associated with the agriculture sector are educating farmers regarding the use of agricultural adjuvants.