Global agricultural adjuvants market is expected to grow significantly over the forecast period on account of increasing agrochemicals demand. Increasing importance for precision farming is expected to further drive the global market growth. Precision farming enables use of agricultural adjuvants for appropriate agrochemical application. Protected agriculture practices are further expected to augment market growth. Emulsifiers, surfactants, oils and salts are essential for effective crop production and are expected to further uplift the market growth. Agricultural adjuvants are gaining popularity among herbicides, insecticides and fungicides to facilitate their utility and function. Thus, increasing crop protection chemicals demand is expected to remain a key driver for the global agricultural market. Increasing awareness among farmers regarding agrochemicals coupled with advanced farming equipments is expected to fuel global market growth. Increasing focus of countries such as India and Russia on agricultural growth is further expected to drive market growth. Introduction of agriculture practices such as contract farming and commercial farming is expected to foster the global agricultural adjuvants market growth. Extensive research in agricultural adjuvants have enabled more effective use of agrochemicals and resulted in better crop production. Price volatility of agricultural adjuvants is expected to remain a key challenge to market participants.
North America emerged as a major regional agricultural adjuvants market on account of high consumption rate and popularity of precision farming. Awareness regarding agricultural adjuvants among farmers in North America is expected to have a positive influence on the global market. Advanced agricultural practices coupled with presence of major companies are expected to drive the agricultural adjuvants demand and production in Europe respectively. Increasing precision farming adoption in Argentina and Brazil is expected to drive the Latin American market growth over the next six years. Increasing agricultural output coupled with technological advancements in farming is expected to drive the Asia Pacific agricultural adjuvants market.
Key players operating in global agricultural adjuvants market include Huntsman Corp., Lamberti SPA, Nufarm Ltd., Solvay S.A., Winfield Solutions LLC, Garrco Products Inc., Evonik Industries AG, Helena Chemical Company, Dow Corning Group, Croda International PLC, Brandt Consolidated Inc., Tanatex Chemical B.V, Momentive Performance Materials, Interagro Ltd and Wilbur-Elis Company. The market is highly fragmented and price sensitive in nature.
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