Oilseeds & Pulses
Agricultural adjuvants market to witness hefty proceeds from herbicide applications, Asia Pacific to emerge as lucrative investment hub
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)
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 Name : Ojaswita Kutepatil