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Agrochemical Additives Market Trends

Report ID: GMI7513
Published Date: Nov 2023
Report Format: PDF

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Agrochemical Additives Market Trends

Precision agriculture is a key trend influencing the market. The integration of advanced technologies, such as precision farming techniques and digital agriculture tools, has created a demand for agrochemical additives that enhance the precision and targeted delivery of pesticides and fertilizers. This trend is in response to the need for optimized resource utilization, cost efficiency, and reduced environmental impact. Furthermore, the agrochemical additives industry is witnessing innovations in nanotechnology, with nano-sized additives being explored for their potential to improve the efficiency and bioavailability of agrochemicals. Nanotechnology offers solutions for controlled release, increased absorption, and reduced environmental impact, contributing to more sustainable agricultural practices.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for agrochemical additives was USD 1.7 billion in 2022 and is estimated to reach USD 2.66 billion by the end of 2032 due to the growing prominence of modern agriculture and the higher need to offer essential substances to enhance the effectiveness and efficiency of agricultural inputs.

Agrochemical additives market from adjuvants is expected to record USD 0.64 billion in revenue in 2022 owing to the rising need to improve the performance of pesticides and herbicides.

The traditional pesticides application segment is expected to account for significant share of the agrochemical additives industry by 2032 led by the higher imperative to improve the stability and performance whilst ensuring optimal pest and disease control.

North America industry size for agrochemical additives was USD 0.50 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032 characterized by large-scale commercial farming and advanced technology adoption