PESTICIDE ADJUVANTS MARKET ANALYSIS

Pesticide adjuvants are added in the pesticides to improve their performance. It can be added into the pesticide before application or can be included while formulating pesticide. Pesticide adjuvants are included in pesticides for many reasons such as reduction of product drifting, reducing foaming, and controlling acidity.

Market Dynamics:-

Addition of pesticides adjuvants in pesticide formulation offer advantages such as better handling and mixing, increased safety and effectiveness, and drift reduction. Multiple advantages offered by pesticide adjuvants is expected to drive the global pesticide adjuvant market growth during the forecast period. Growing crop damage due to insects and other pests is increasing consumption of pesticides globally. This, in turn, is driving growth of the global pesticides adjuvants market. According to the Food and Agriculture Organization (FAO), global pesticide consumption in 2016 was 4,088 thousand ton, which increased to 4,114 thousand ton in 2017.

Rising good agricultural practices across the globe along with growing demand for food due to growing population is fueling demand for efficient insecticides globally. For instance, according to the Food and Agricultural Organization (FAO) report, in 2017, agriculture activities utilized 37% of the global land area. Moreover, according to FAO forecast, the world crop production is expected to increase by 55% from 1999 to 2030. This in turn is expected to drive the global pesticide adjuvants market growth over the forecast period.

Market Outlook:-

• Asia Pacific accounted for a significant market share in the global pesticide adjuvants market in 2019. This is owing to increasing demand from the agricultural sector. According to Food and Agriculture Organization (FAO), South Asia accounted for 52% whereas East Asia accounted for 26% of total Asia Pacific land, which is suitable for crop production in 2016. According to combined study of FAO and World Bank, Australia held highest rank among top 20 countries for arable land per capita in 2016. Moreover, Asia Pacific region consists of most populated countries such as China, India, Indonesia and various others. Increasing demand for food due to growing population is driving growth of agricultural sector into these countries. According to the World Bank, the India’s population was 1.324 billion in 2016 and is expected to increase up to around 1.65 billion by 2050. Therefore, Asia Pacific is projected to be the most lucrative region for growth of the pesticide adjuvants market.

Key Players:-

• Players operating in the global pesticide adjuvants market include BASF SE, Akzo Nobel N.V., Croda International plc, Huntsman Corporation, Evonik Industries AG, Nufarm, Solvay S.A., Corteva, Inc., Helena Agri Enterprises LLC, Lonza Group AG, Stepan Company, Wilbur-Ellis Company, Miller Chemical and Fertilizer, LLC, Kalo Inc., Innvictis Crop Care, LLC, and Clariant AG.
• Players operating in the global pesticides adjuvants market are adopting different strategies to cater growing consumer demand. For instance, in June 2016, Oxiteno, a manufacturer of chemicals and surfactants, launched SURFOM DRT 857 for drift control.

Market Taxonomy:-

On the basis of product type, the global pesticide adjuvants market is segmented into:

• Surfactants & Emulsifiers
• Drift Control Agents
• Oil Concentrates
• Compatibility Agents
• Water Conditioners
• Others

On the basis of application, the global pesticide adjuvants market is segmented into:

• Fungicides
• Herbicides
• Insecticides
• Others

On the basis of crop type, the global pesticide adjuvants market is segmented into:

• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Others

On the basis of region, the global pesticide adjuvants market is segmented into:

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • Italy
  • France
  • Russia
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • ASEAN
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East
  • GCC
  • Israel
  • Rest of Middle East
• Africa
  • Northern Africa
  • Central Africa
  • South Africa