Agricultural Adjuvants Global Market Opportunities and Strategies to 2032

This report describes and explains the agricultural adjuvants market and covers 2017-2022, termed the historic period, and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.

The global agricultural adjuvants market reached a value of nearly $3,737.2 million in 2022, having increased at a compound annual growth rate (CAGR) of 4.9% since 2017. The market is expected to grow from $3,737.2 million in 2022 to $6,241.7 million in 2027 at a rate of 10.8%. The market is then expected to grow at a CAGR of 10.6% from 2027 and reach $10,332.6 million in 2032.

Growth in the historic period resulted from increased demand for agrochemicals, a rise in crop damage, and a rise in the adoption of agricultural adjuvants in organic farming. Factors that negatively affected growth in the historic period were stringent regulations and the COVID-19 impact.

Going forward, reducing farming lands, increasing food demand, and rising precision farming practices will drive the market. Factors that could hinder the growth of the agricultural adjuvants market in the future include limiting pesticide usage and the Russia-Ukraine war impact.

The agricultural adjuvants market is segmented by type into activator adjuvants and utility adjuvants. The activator adjuvants market was the largest segment of the agricultural adjuvants market by type, accounting for $2,625.9 million or 70.3% of the total market in 2022. The utility adjuvants market is expected to be the fastest-growing segment going forward at a CAGR of 11.5%.

The agricultural adjuvants market is segmented by application into herbicides, insecticides, fungicides, and other applications. The herbicides market was the largest segment of the agricultural adjuvants market by application, accounting for $1,686.0 million or 45.1% of the total market in 2022. The insecticides market is expected to be the fastest-growing segment going forward at a CAGR of 11.7%.

The agricultural adjuvants market is segmented by crop type into cereals and grains, oilseeds and pulses, fruits and vegetables, and other crop types. The cereals and grains market was the largest segment of the agricultural adjuvants market by crop type, accounting for $1,602.7 million or 42.9% of the total market in 2022. The cereals and grains market is expected to be the fastest-growing segment going forward at a CAGR of 11.2%.

The agricultural adjuvants market is segmented by formulation type into suspension concentrates, and emulsifiable concentrators. The emulsifiable concentrators market was the largest segment of the agricultural adjuvants market by formulation type, accounting for $2,429.2 million or 65.0% of the total market in 2022. The emulsifiable concentrators market is expected to be the fastest-growing segment going forward at a CAGR of 11.5%.

North America was the largest region in the agricultural adjuvants market, accounting for 33.9% of the global market in 2022. It was followed by Asia Pacific, Western Europe and other regions. Going forward, the fastest-growing regions in the agricultural adjuvants market will be Asia Pacific and South America, where growth will be at CAGRs of 13.1% and 12.1% respectively from 2022-2027.

The agricultural adjuvants market is fairly fragmented, with a large number of players. The top ten competitors in the market made up to 37.15% of the total market in 2021. This can be due to the existence of number of local players in the market serving customers in particular geographies. Marubeni was the largest competitor with 8.76% share of the market, followed by Evonik Industries with 6.53%, Solvay Inc. with 5.39%, Nufarm Limited with 4.11%, The Dow Chemical Company with 3.42%, BASF SE with 2.85%, Nouryon with 2.04%, Croda International Plc with 2.03%, Clariant AG with 1.32% and Stepan Company with 0.69%.

The top oppportunities in the agricultural adjuvants market by type will arise in the activator adjuvants market, which will gain $1,704.5 million of global annual sales by 2027. The top oppportunities in the agricultural adjuvants market by crop type will arise in the cereals and grains market, which will gain $1,126.1 million of global annual sales by 2027. The top oppportunities in the agricultural adjuvants market by formulation type will arise in the emulsifiable concentrators market, which will gain $1,752.4 million of global annual sales by 2027. The top oppportunities in the agricultural adjuvants market by the application will arise in the herbicides market, which will gain $1,193.0 million of global annual sales by 2027. The agricultural adjuvants market size will gain the most in the USA at $632.1 million.

Market-trend-based strategies for the agricultural adjuvants market include technological advancements, the launch of new innovative products, unmanned aerial vehicle (UAV) spraying-based agricultural adjuvants, and partnerships and collaborations.

Player-adopted strategies in the agricultural adjuvants industry include strengthening business operations through the launch of new technologies, enhancing operational capabilities through business expansions, enhancing business capabilities through strategic collaborations and partnerships, and providing innovative solutions through partnerships and collaborations.

To take advantage of the opportunities, the publisher recommends the agricultural adjuvants companies to focus on technology development, focus on product innovations, focus on unmanned aerial vehicle (UAV) spraying based agricultural adjuvants, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships and collaborations, provide competitively priced offerings, participate in trade shows and events, generate awareness for the need of agricultural adjuvants, continue to target fast-growing application areas and target organic producers.