Rise in demand for effective insecticides, increase in use of pesticides in agriculture to maximize crop production and yield and the spike in demand for food and beverages due to the growing population drive the growth of the global agricultural adjuvants market. On a regional level, Asia-Pacific is expected to grow at the fastest CAGR during the forecast period.
A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.
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According to the report, the global agricultural adjuvants industry generated $3.5 billion in 2021, and is estimated to reach $6.4 billion by 2031, witnessing a CAGR of 6.1% from 2022 to 2031.
The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.
The activators segment grabbed more than three-fifths of the global agricultural adjuvants market in 2021, and is expected to rule the roost during the forecast period. The same segment is projected to witness the largest CAGR of 6.4% from 2022 to 2031. This is due to the extensive use of activators in agriculture. Activators are adjuvants that alter particle size, viscosity, evaporation rate and other characteristics of agrochemicals.
The Agricultural adjuvants market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.
the herbicides segment contributed to nearly half of the global agricultural adjuvants market in 2021, and is expected to maintain its leadership status during the forecast period. Most of the adjuvants available in the market are designed and proven to help herbicides stick, cover and penetrate the leaves reaching the target area effectively. According to the Australian Pesticide and Veterinary Medicine Authority, herbicide adjuvants are used mainly to improve product efficiency and improve ease of herbicide application.
Agricultural adjuvants Covered Market:- BASF SE, Corteva, Croda International Plc, Evonik Industries, GarrCo Products Inc., Helena Agri-Enterprises LLC, Loveland Products Inc and Other.
Analysis of COVID-19 impact
The outbreak of the pandemic has had a massive impact on the majority of industries and the Agricultural adjuvants market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Agricultural adjuvants market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.
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