Demand for Agricultural Adjuvants Set to Surge in North America in Coming Years

With the boom in the global population level, the demand for food products is rising rapidly across the globe. As per the Population Division of the United Nations Department of Economic and Social Affairs (UNDESA), the total population of the world was 7.6 billion in 2017. Furthermore, the organization estimates that the global population will rise to around 9.8 billion by 2050, registering a growth of 30.9% over the next 33 years. 

Moreover, the growing requirement for food items is causing rapid advancements in agricultural technologies and fueling the soaring usage of agrochemicals such as pesticides, insecticides, and herbicides and adjuvants in farming processes. Due to these factors, the global agricultural adjuvants market is exhibiting huge expansion. As a result, the market value is predicted to increase from $3,106.7 million in 2019 to $5,485.1 million by 2030. Furthermore, the market is predicted to demonstrate a CAGR of 5.5% between 2020 and 2030.

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Brandt Consolidated Inc., Croda International PLC, Wilbur-Ellis Holdings Inc., Stepan Company, and Clariant AG are some of the major players operating in the North American agricultural adjuvants market. Additionally, only a few states in this region such as Idaho, California, and Washington have strict regulations regarding the usage of agricultural adjuvants. Furthermore, the absence of any strict regulations or opposition to the regulation, development, and usage of agricultural adjuvants is massively boosting the sales of these materials in this region.

Hence, it is safe to say that the demand for agricultural adjuvants will soar all over the world in the forthcoming years, primarily because of the rising demand for food products and higher crop yield in several countries around the world.

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Agricultural Adjuvants Market: Competitive Landscape & Impact Analysis Of Drivers On Market Forecast by 2024

Environment-friendly products are gaining popularity in the agricultural adjuvants sector over chemically synthesized variants. Earlier, adjuvants, chemically synthesized from derivates of sulfinates, alkoxylates, and amines which possess harmful substances, were used across the world. But, in recent years, advancements in adjuvant technologies have focused on the synthesis of biodegradable, non-toxic, and eco-friendly products. As a result, companies are increasingly manufacturing bio-based adjuvants to diversify their portfolios. 

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Agricultural adjuvants can be added to a variety of pesticides, including insecticides, herbicides, and fungicides. During the historical period, herbicides held the largest share in terms of volume in the agricultural adjuvants market. They are widely use in broadleaf crops and winter cereals. Furthermore, herbicides are highly compatible with different adjuvants such as vegetable oil and petroleum concentrate-based products, and non-iconic surfactants. In addition, the usage of adjuvants with herbicides offers high economic benefits and incentives to agricultural installations and farmlands. 

According to the Population Division of the United Nations Department of Economic and Social Affairs, in 2017, the global population was 7.6 billion, and it is anticipated to reach approximately 9.8 billion by 2050. The extra population of 2.2 billion is predicted to create an additional demand for cash, horticulture, and food crops during the forecast period. As a result of the surging population and expanding cities, the cultivable area is shrinking fast to accommodate metropolitan towns and cities. According to the Food and Agricultural Organization (FAO), in 2015, the cultivable land decrease to 48.6 million square km from 49.4 million square km between 2000 and 2015. 

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Further, surging population and limited cultivable land are anticipated to create pressure on agricultural installations and farmlands to increase the crop productivity and yield, thereby raising the usage of adjuvants and pesticides during the forecast period. The growing population is predicted to produce an additional need for horticulture, cash, and food crops. Thus, the increasing population will considerably raise the consumption of food, resulting in the heavy use of adjuvants in the agriculture sector.

Talking about the crop type, oilseeds and pulses, cereals and grains, and fruits and vegetables would be some of the categories of the market. Out of these, in 2017, the cereals and grains category dominated the market with nearly 45.0% share in terms of volume. Increasing global population and shrinking cultivable land are anticipated to create pressure on the farming community to maximize crop productivity, which in turn is expected to boost the usage of pesticides and adjuvants in the forecast period.

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