ccording to IMARC Group latest published report, the global agricultural adjuvant market size reached US$ 3.6 Billion in 2022. Looking forward, the market expected to reach US$ 5.1 Billion by 2028, exhibiting a growth rate (CAGR) of 6.24% during 2023-2028.
An agricultural adjuvant is added to pesticides, herbicides, and fungicides to enhance their effectiveness and improve their performance. It improves the penetration of pesticides and increases their retention on the plant surface. It also reduces the surface tension of the spray solution, allows for better coverage of the plant surface and enhances the efficacy of the active ingredient by improving its solubility and dispersion.
Agricultural Adjuvant Market Trends:
The growing global population and increasing need for sustainable pest management in agricultural operations represent one of the key factors positively influencing the market across the globe. In addition, the increasing usage of crop protection chemicals and the rising adoption of drones for pesticide applications is offering lucrative growth opportunities to manufacturers for introducing adjuvants that are compatible with drones.
Besides this, the growing concerns about the impact of agricultural practices on the environment, including chemical runoff and contamination of water sources, are catalyzing the demand for agricultural adjuvants for improving the effectiveness of agricultural chemicals and reducing the need for excess applications. Other factors, such as increasing affordability and easy accessibility of agricultural adjuvant through online and offline distribution channels and increasing awareness about green agricultural adjuvant-based products, are stimulating the growth of the market around the world.
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The report cover the below key market segments:
Breakup by Type:
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- Activator Adjuvant
- Utility Adjuvant
Breakup by Crop Type:
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- Cereals & Oilseeds
- Fruits & Vegetables
- Others
Breakup by Application:
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- Herbicides
- Fungicides
- Insecticides
- Others
Breakup by Region:
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- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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