Lucintel's latest market report analyzed that agricultural adjuvant provides attractive opportunities in various applications like herbicides, insecticides, fungicides, and pesticides. The agricultural adjuvant market is expected to reach $XX billion by 2028 with a CAGR of 4% to 6%. In this market, cereal & grains is the largest segment by crop type, whereas herbicides is largest by application. Increasing research and development to enhance the technological development in adjuvant application of crops and growing demand for green adjuvants provides strategic growth path in this market.
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Based on crop type, the agricultural adjuvant market is segmented into cereal & grains, oilseeds & pulses, fruits & vegetables, and others. The cereal & grains segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the increasing consumption of cereal and grains in various regions and growing consumer preference for nutritious and healthy food.
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The Agricultural adjuvant Market is marked by the presence of several big and small players. Some of the prominent players offering agricultural adjuvant include BASF SE, Nutrien, Evonik Industries, Solvay, Nufarm Limited, Helena Agri-Enterprises, and Nouryon.
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