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.
