Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The novel Coronavirus (COVID-19) pandemic has rapidly spread across the world, adversely affecting the lives of millions across the globe. The complete shutdown of all economic activities except essential services created an economic crisis with massive job losses and rising food insecurity also this outbreak has affected significant elements of both food supply and demand. The COVID-19 pandemic disturbed the economies across the globe as well as adversely affected the development of different enterprises like health-sector, manufacturing, agriculture, and others. Due to the inconvenience of the lockdown by the Government to restrict the spread of the infection. This crisis has disturbed chemical manufacturing units as in many countries agriculture adjuvant's development rates have been lowered. On a global level, the businesses observed major impacts on their international market as Government has shut down national and international import and export activities to stop coronavirus spread. In the first quarter of 2020, due to the disturbance in logistics and transportation, a huge slowdown in sales of agriculture crop protection chemicals was observed. However, causing an imbalance between the demand and supply quantities on a large scale. Some regions are completely dependent on imports and are facing situations. Many marketers are focusing on fulfilling the demand for fertilizers, pesticides, and adjuvants.
The growing demand for crop protection chemicals is the key factor driving the agriculture adjuvant market. To control the chemical wastage by improving their efficiency to raise food production agriculture adjuvant demand in raising. Adjuvants help to change the physical and chemical properties of agrochemicals. The growing agricultural productivity to meet the food demand has raised the use of crop protection chemicals is a key factor driving the market for agriculture adjuvants. Another reason driving the agriculture adjuvant market is that the growing demand for crop protection products has resulted in the development of crop protection solutions. The adjuvants help to increase the mobility of agrochemicals and also overcome barriers like the waxy surface of insects, fungi, and plants adjuvants are added to pesticide spray solutions this factor fuelling the agriculture adjuvant market growth.
Increasing penetration in the case of systemic crop protection chemicals, and increasing its compatibility with foliar fertilizer sprays, among other adjuvants are used. Adjuvants are mostly added to a synthetic pesticide to improve their performance. Adjuvant manufacturing companies need to focus more on developing biological products to meet consumer demand. Due to increasing awareness of eco-friendly and sustainable products among consumers, they're a need to develop biological products. The market is also growing on the
There are different regulations across various regions for manufacturing which is a major barrier that creates difficulty for exporters. Environmental regulation across all countries has increased the cost of developing new products. Due to the regulation by countries, it takes a long period to launch any new product in the market. And this is the major problem for new players to enter this market. Lack of awareness among farmer regarding usage of agricultural adjuvant to improve and enhance the efficacy of pesticide is hampering the growth d agriculture adjuvant market.
The agriculture adjuvants market-facing major challenge is the high rate of raw material required for the product. The profit value is decreased due to the high-cost rate of the raw materials, which are the major challenges for the market.
The report provides an in-depth analysis of the global agriculture adjuvant market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With the increasing demand for various adjuvants in various applications has led to the increasing demand for the market and is expected to witness growth at a specific CAGR from 2022-to 2028.
The global agriculture adjuvant market is segmented into function, chemical group, crop type, applications, and geography.
On the basis of function agriculture, the adjuvant market is segmented into Activator Adjuvant, and Utility Adjuvant. Activator adjuvants include surfactants, oil-based adjuvants, and Utility adjuvants include compatibility agents and buffers or acidifiers. The activator adjuvant segment commanded the largest share in the market. Activator adjuvants are designed to improve the activity of the agrochemical. Surfactants are chemical compounds that lower the surface tension between a solid and a liquid. They allow herbicide, insecticide, insecticide, or fungicide to stay on the leaves of the plant so they can be generating effective results rather than rolling off. Demand for activator adjuvants increased as farmer demand for natural surfactants is increased. Activator adjuvants commonly are used to increase herbicide activity and herbicide absorption into plant tissue.
On the basis of the chemical group, the agriculture adjuvant market segment into, alkoxylates, sulfonates, and organosilicons. The alkoxylates segment holds the largest share in the market. Alkoxylates are manufactured through the ethoxylation of various compounds such as alkylphenol, fatty alcohol, fatty acid, fatty amine, castor oil, ethylene glycol, and propylene glycol. Etc. Alkoxylates are non-ionic surfactants means not have an electrical charge and due to their properties alkoxylates are used in agriculture adjuvants. Alkoxylate-based adjuvants act as wetting or spreading agents and their main role is to act on the surface of a droplet to reduce surface tension.
The agriculture adjuvant market on the basis of crop type includes cereals & grains, oilseeds & pulses, fruits & vegetables. The cereal & grains segment commanded the largest share in the market. The cereal crop includes wheat, rice, oats, barley, corn, sorghum, etc. The increasing consumption of cereals and grains in the various region is driving the growth of agriculture adjuvants. The increasing consumption of protein is a key factor in increasing the growth of the agriculture adjuvant market.
On the basis of applications, the agriculture adjuvant market segment into insecticide, herbicide, and fungicide. The herbicide segment holds the largest share in the agriculture adjuvant market. Herbicides are extensively used in the agriculture sector to kill or control unwanted plants and adjuvants are used to enhance the herbicide activity. Adjuvants are added into herbicide formulations or the spray tank to help in modifying the herbicidal activity. Adding adjuvants to herbicide mixture helps herbicide to increase droplet coverage, enhance mixing and handling also herbicide cuticle penetration. The demand for herbicide products is increased to protect against crop failure due to weeds and also to reduce labor costs which will increase agriculture production. Furthermore, increased integrated pest management technologies are boosting the use of adjuvants in herbicidal crop protection products.
The agriculture adjuvant market on the basis of geography includes North America, Asia-Pacific, Europe, and the Rest of the World. The North American region accounted for the largest share of the agriculture adjuvant market. Rising awareness among farmers about the benefits of adjuvants is the major factor driving the growth of the agriculture adjuvant market in this region. Further, increasing research and development activities on adjuvant solutions are fuelling the agriculture adjuvant market growth.
The competitive landscape analysis of the agriculture adjuvant market is certainly based range of market players operating in the agriculture market. The adjuvant market is highly competitive due to the presence of a large number of players in the market. The key player offers a wide range of agriculture adjuvants based on product types, applications, and adjuvants for different types of crops. The market has major competitive analysis based on the new product, eco-friendly products, quality, and price. The players operating in the global agriculture adjuvants market are adopting different strategies to cater to consumer demand.
The key players studied in the market are Dow DuPont, Evonik Industries, Nufarm, BASF SE, Akzo Nobel N.V., Croda International plc, Huntsman Corporation, Evonik Industries AG, Nouryon, Nufarm, Solvay S.A., Corteva, Inc., Helena Agri Enterprises LLC, Lonza Group AG, Winfield United, Stepan Company, CHS Inc. Wilbur-Ellis Company, Miller Chemical and Fertilizer, LLC, Kalo Inc., Innvictis Crop Care, and Clariant AG. Precision Laboratories and among others.
May 2020: Precision Laboratories launched Precisive, a high-load nonionic surfactant with built-in deposition aids and drift reduction technology.
April 2020: Solvay entered into a partnership with Boeing, who is a face shield manufacturer, wherein the company would supply high-performance, medical-grade transparent film. The strategy was a response to the rising demands for personal protective equipment amongst healthcare professionals.
January 2020: BASF inaugurated its new crop protection facility in Singapore for increasing its production capacity in the Asia Pacific region. This will cater to the rising demand of the farmers in the region for quality products for cultivation.
October 2019: Nufarm initiated a state of art crop protection segment facility in Greenville, Mississippi, which will help broaden the companies production in their facilities in Chicago to North American based platforms.
Agriculture adjuvants are added to the agrochemical to improve their performance. It is added to the insecticide, herbicide, and pesticide before application or can be added while formulating the spray solution. Increasing food demand due to the growing population is a major factor creating opportunities for the adjuvant market. This market is segmented based on function, chemical group, crop type, application, and Geography. The active adjuvant on the basis of function commanded the largest share in the market. To meet the food demand farmer are focusing to control weeds as that causes a reduction in production to overcome this loss agriculture adjuvant are mostly used in the herbicide. Based on crop type cereals and grains hold the largest share in the market. Based on the chemical group, alkoxylates commanded the largest share as alkoxylates are non-ionic surfactants means not have an electrical charge and due to their properties alkoxylates are used in agriculture adjuvants. The North American region accounts for the largest share of the agriculture adjuvant market as increasing new agriculture techniques.
What are factors driving agriculture adjuvant market?
Ans: The agriculture adjuvant market growth is driven by growing demand for herbicide and insecticide across the globe. Also increasing pesticides utilization to reduce crop loss by disease and pest is driving the demand for agriculture adjuvants.
Who are the key players in the agriculture adjuvant market?
Ans: - Dow DuPont, Evonik Industries, Nufarm, BASF SE, Akzo Nobel N.V., Croda International plc, Huntsman Corporation, Evonik Industries AG, Nouryon, Nufarm, Solvay S.A., Corteva, Inc., Helena Agri Enterprises LLC, Lonza Group AG, Winfield United, Stepan Company, CHS Inc. Wilbur-Ellis Company, Miller Chemical and Fertilizer, LLC, Kalo Inc., Innvictis Crop Care, and Clariant AG. Precision Laboratories and among others.
Which region is accounted for the largest share in the agriculture adjuvant market?
Ans: - North America accounted largest share in the NPK fertilizer market due to adoption of new technologies
