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. The insecticides segment is projected to witness the largest CAGR of 6.5% from 2022 to 2031.
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The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
Asia-Pacific was the largest market in 2021, accounting for more than one-third of the global agricultural adjuvants market, and is expected to maintain its dominance during the forecast period. The same segment is projected to manifest the fastest CAGR of 7.2% during the forecast period. This is because the region comprises vast agricultural lands for cultivation. In addition, the growing demand for staple food and other food products that push the need for high crop yield, and the growing awareness regarding the benefits of adjuvants with spray chemicals in another factor driving the market in the region.
This makes it important to understand the practical implications of the Agricultural adjuvants market. To gain a competitive advantage, the players must have something unique. By tapping into the untapped market segment, they can establish a relevant point of differentiation, and this report offers an extension analysis of untapped segments to benefit the market players and new entrants to gain the market share.
The tank-mix adjuvants segment contributed to nearly three-fourths of the global agricultural adjuvants market in 2021, and is expected to maintain its leadership status during the forecast period. The same segment is projected to witness the largest CAGR of 6.3% from 2022 to 2031. Tank-mix adjuvants can be used with diverse plant protection products, such as non-selective herbicides, horticulture insecticide sprays, cotton defoliant, and others. They are capable of improving spray formation, retention, and efficiency of agrochemical products.
KEY MARKET PLAYERS:
The report provides the SWOT analysis of the key market players BASF SE,Corteva, Croda International Plc, Evonik Industries, GarrCo Products Inc., Helena Agri-Enterprises LLC, Loveland Products Inc., Nufarm, Solvay Inc., WinField Solutions LLC. which gives the business overview, financial analysis, and portfolio analysis of products and services. The latest news related to industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures, collaborations, product launches, market expansions etc. are included in the report for the better understanding of the stakeholders in framing strategic decisions to gain long term profitability and market share.
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 offers a detailed analysis of the changing market trends, top segments, key investment pockets, value chain, regional landscape and competitive scenario.
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The current situation of pandemic makes it very important for the stakeholders in the Agricultural adjuvants market to understand the market deeply, which will help them in taking sound decisions, to gain the competitive advantage. By exploring the unexplored areas of market, the key players can surely gain a larger market share.
Rise in demand for effective insecticides, increase in use of pesticides in agriculture to maximize crop production & yield, and spike in demand for food and beverages due to the growing population drive the growth of the global agricultural adjuvants market. However, toxicity associated with the use of agricultural spray adjuvants hampers the market growth. On the other hand, increase in focus on health and wellness among consumers, launch of innovative crop protection products that maximize crop yields, development of advanced adjuvant molecules and formulation technology that includes multi-components and multi-functional adjuvants
KEY OFFERINGS OF THE REPORT:
- Key drivers & Opportunities: An extensive analysis on key factors and opportunities available in different segments for strategizing.
- Current trends & forecasts: A comprehensive analysis on latest trends, and forecasts for next few years to frame strategic decisions as a next step.
- Segmental analysis: An extensive analysis of each segment and driving factors such as revenue and growth rate is offered.
- Regional Analysis: A thorough analysis of each geographic region can help market players devise expansion strategies and gain from the opportunity.
- Competitive Landscape: Useful insights on each of the leading market players for outlining competitive scenario and related strategies have been offered in the report.
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