Fruits & Vegetables

Agricultural adjuvants market to witness hefty proceeds from herbicide applications, Asia Pacific to emerge as lucrative investment hub

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The exponential growth graph of agricultural adjuvants market can be undeniably credited to the fact that these products aid farmers across the globe in improving the overall performance of crop protection. The expansion of this industry not only signifies that the sales have been trending up in the past years, but also demonstrates that farmers are increasingly considering value in new cropping technologies. The growing demand for biodegradable agriculture adjuvants for controlling pests and unwanted weeds coupled with new herbicide cropping systems has undoubtedly sent the global agricultural adjuvants industry players into overdrive to further develop useful tools.

U.S. Agricultural Adjuvants Market Size, By Application, 2014 – 2025 (USD Million)
U.S. Agricultural Adjuvants Market Size, By Application, 2014 – 2025 (USD Million)

Recently for instance, Monsanto Company announced that it has joined forces with Adjuvants Unlimited, LLC., in a bid to design the first agricultural sprayer system cleaner developed to deactivate dicamba. According to the reports, this new sprayer cleaner technology is different from its counterparts as it is based on a chemical process that deactivates particular pesticide active ingredients such as dicamba. The manufacturers of crop protection technologies – Adjuvants Unlimited claimed that it will be bringing this technology to the agricultural adjuvants market in 2018 through its slew of industry partners. This collaboration provides substantial validation to the fact that the global agricultural adjuvants industry players are investing in R&D and product innovation given the rising interests of farmers in new tools to help them in managing unwanted pests.

Asia Pacific to be a major revenue contributor

With India, China, and Japan at it foray, the Asia Pacific belt has emerged as the one of the largest market for agricultural adjuvants in the world. The presence of top agricultural producing nations coupled with rising population and demand for food have been some of the pivotal drivers attributable to the rising demand for farming adjuvants. Apart from this, the region is also witnessing increasing awareness levels among the farming community pertaining to food safety, limited arable land, and uncertainties in climate, which has boosted the demand for more reliable and technologically advanced options for farmers. Estimates claim that the Asia Pacific agricultural adjuvants industry is forecast to grow at a heathy CAGR over 2018-2025.

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North America is emerging as another lucrative investment ground for the potential investors, given the rising demand for sustainable farming techniques which are proving effective from both agronomic & economic aspects. With the domestic players giving more emphasis on introducing environmentally friendly alternatives to the existing products, it goes without saying that the region will be witnessing massive growth opportunities in the coming years. As per reliable reports, the North America agricultural adjuvants industry currently stands as a valuable region for stakeholders and is further foreseen to exceed USD 800 million by 2025.

Herbicides to reign the application landscape over 2018-2025

Taking into account the application landscape, the global agricultural adjuvants market is segmented into insecticides herbicides, fungicides and others. In order to limit the growth of fungal infection and insects on the crops, fungicide and insecticides are forming the important segments of the application spectrum of agricultural adjuvants market with steady growth rates, however the herbicides segment is certainly deemed to be one of the largest revenue contributors.

The product is finding mandatory usage in farming to stop the growth of weed and other unwanted plants that can reduce the crop quality and yield. As per estimates, the global agricultural adjuvants industry growth from herbicide is expected to register a commendable growth rate over 2018-2025.

In the years ahead, the rising demand for sustainable farming and greener crop protection products such as agricultural adjuvants will take the industry share several notches up. Over 2012 to 2014, the UN estimated that more than 805 million people suffered from hunger, while the UN FAO reported that the world will need to produce more food by as much as 70% than it did in 2006 to feed the over growing population across the globe.

Quite overtly, because of this demand-supply mismatch in food and limited availability of arable land will pressurize many agricultural companies and farmers to rely on technology, which in turn will favor agricultural adjuvants industry expansion. A presumption validating the same is of a report compiled by Global Market Insights, Inc., that claims the worldwide agricultural adjuvants market to surpass USD 3 billion by 2025.

Author NameOjaswita Kutepatil

Biopesticides Market to witness excellent gains with the rising demand for high quality crops over 2017-2024, North America to exhibit lucrative growth prospects

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Biopesticides market is poised to witness significant gains with the escalating demand for healthy crop generation. The industry has been evolving at a rapid pace, which is quite evident from the growing consumer preferences for organic food and demand for eco-friendly crop protection pesticides. Another prominent driver influencing global biopesticides market growth is the declining availability of arable land. This has encouraged the farming sector to use more eco-friendly pesticides over chemicals, as the carbamate, organophosphorus, and halogenate present in chemical pesticides can lead to land and water contamination. In addition, the enforcement of strong policies against the use of synthetic pesticides has also widened the acceptance of biopesticides and given a positive push to biopesticides industry share. As per a report by Global Market Insights, Inc., global biopesticides market size stood at USD 1.8 billion in 2016 and is projected to surpass a revenue generation of over USD 2.5 billion by 2024.

Accounting for more than 35% of the global industry share, North America biopesticides market is set to witness profitable growth prospects over the coming seven years. Strict norms and regulations toward food safety and higher demand for organic food has contributed to the regional market expansion. U.S. is one of the leading countries involved in fortifying the regional biopesticides industry share, having generated a revenue of USD 550 million in 2016.

India Biopesticides Market Size, By Product, 2016 & 2024 (Tons)

Several countries are adopting stringent approaches, when it comes to using synthetic pesticides. Regional governments have been laying a ban on several toxic pesticides which are harmful for consumers and the environment as well. To promote the consumption of bio-based products over synthetic counterparts many European countries have initiated national programs. One such initiative called “Ecophyto 2018” was commenced by France with an aim to reduce the use of synthetic pesticides to 50% by 2018. Another country following the trail is Denmark, which initiated the scheme called “Green Growth”. This scheme apparently offers financial help to develop eco-friendly alternatives for plant protection, which can help in cutting down the use of chemical pesticides.

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The research and development activities with regards to biopesticides are steadily improving, thereby contributing toward the development of effective products. Speaking of which, bioinsectides, biofungicides, and bioherbicides are the three main product categories within the biopesticides market. These products are becoming increasingly popular among the farmers as they promote sustainable agriculture. Bioinsectides contain living bacteria that cause stomach poison among the insects and thus raze them off the crops. Continuous climate changes have led to a high demand for bioinsectides, owing to which biopesticides market share from bioinsecticides is projected to grow at an annual rate of 6% over 2017-2024.

Microbial sources of biopesticides is gaining considerable traction as they are safe to use in all the stages of plant growth and are non-toxic. On that note, fungi, viruses, bacteria, yeast, and protozoa are the various microbial sources which are used in biopesticides.

Biopesticides come in both liquid and dry formulations. The liquid formulation is estimated to be the fastest growing market at a rate of 6.2% over 2017-2024, owing to the products’ increased shelf life and ease of storage.

Fruits & vegetables, in 2016, was one of the prominent segments, contributing to 70% of the overall biopesticides industry revenue. Owing to consumers demanding better crop safety, biopesticides are heavily used in organic farming. Moreover, consumers today also demand pesticide-free fruits and vegetables to avoid any food contamination and food related disorders, which will spur biopesticides industry growth from fruits & vegetables. Furthermore, the non-toxic nature and high crop yield properties of bio-controlled pesticides have generated a bigger market for the seed treatment application, which generated a valuation of over USD 130 million in 2016. Foliar spray is another application segment expected to boost biopesticides industry growth. This segment contributed to more than 75% of industry share in 2016 and is anticipated to exhibit a lucrative growth path.

The rising population and the resultant rise in food demand has made crop protection a multi-billion-dollar industry.  However, biopesticides market is at a very nascent stage strongly competing with the well-established synthetic pesticides companies. Key industry participants within biopesticides industry include ADAMA Agricultural Solutions, DuPont, Syngenta, Dow Chemical, Koppert, Valent BioSciences Corporation, BASF, Nufarm Limited, Valent BioSciences Corporation, Bioworkers Inc., Bayer Cropscience Limited, and Futureco Bioscience.

Author Name : Ojaswita Kutepatil