PESTICIDE ADJUVANTS MARKET ANALYSIS

Market Challenges And Opportunities

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.