What Has Been The Evolution of the Pesticide Adjuvant Market in Recent Years?
The pesticide adjuvant market has seen considerable growth due to a variety of factors.
• In recent times, there has been a significant expansion in the pesticide adjuvant market. It is projected to expand from $4.53 billion in 2024 to $4.91 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.2%.
This progress in the historical period has been driven by various factors, such as the growing necessity for reducing pesticide waste, escalating demand for environmental-friendly adjuvants, improved effectivity in managing pests, diseases, or weeds, an upsurge in the requirement for organic food products, and an increase in the demand for consumable oils.
What Is the Forecasted Market Size and Growth Rate for The Pesticide Adjuvant Market Size In The Coming Years?
The pesticide adjuvant market is expected to maintain its strong growth trajectory in upcoming years.
• Strong expansion is anticipated in the pesticide adjuvant market in the upcoming years, with expectations to reach a size of $6.67 billion by 2029, reflecting a compound annual growth rate (CAGR) of 8.0%.
Factors contributing to this projected growth within the forecast period include an escalated demand for green adjuvants, a rise in crop damage from insects, population growth, an increasing need for agricultural outputs, a consumption increase of pesticides, and government strategies advocating for sustainable farming practices. Key trends expected during this forecast period encompass technological innovation, advanced agricultural technology, the incorporation of telematics and sensors, creative bio-based formulations, and progress in precision agricultural technologies.
What Factors Are Driving Growth In The Pesticide Adjuvant Market?
The growth of the pesticide adjuvant market is projected to be fuelled by the expansion of the agricultural sector. The agricultural sector refers to the segment of the economy responsible for the production, processing, and distribution of crops, livestock, and other farm products. The need for this sector is fueled by changes in dietary habits, heightened environmental consciousness, and an increase in agricultural research, development, and infrastructure investment. The job of pesticide adjuvants is to improve the effectiveness, efficiency, or application of the pesticide in agriculture to provide better pest control. For example, as reported by the Department for Environment, Food & Rural Affairs, a government agency in the UK, there was a significant increase in the average farm business income (FBI) across all UK farms in February 2024, from $50,461 (£46,500) in 2020/21 to $78,133 (£72,000) in 2021/22. Moreover, the UK's total income from farming (TIFF) in 2022 was $6.61 billion (£7.9 billion), marking an increase of 17%. Hence, the expansion of the agricultural sector propels the growth of the pesticide adjuvant market.
What Are The Main Segments Of The Global Pesticide Adjuvant Market?
The pesticide adjuvantmarket covered in this report is segmented –
1) By Product Type: Surfactants And Emulsifiers, Drift Control Agents, Oil Concentrates, Compatibility Agents, Water Conditioners, Other Product Types
2) By Formulation: In-Formulation, Tank-Mix
3) By Crop Types: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Other Crop Types
4) By Application: Agriculture, Commercial, Consumer
Subsegments:
1) By Surfactants And Emulsifiers: Non-Ionic Surfactants, Anionic Surfactants, Cationic Surfactants, Amphoteric Surfactants
2) By Drift Control Agents: Polymer-Based Agents, Surfactant-Based Agents, Other Drift Control Solutions
3) By Oil Concentrates: Mineral Oil Concentrates, Vegetable Oil Concentrates, Synthetic Oil Concentrates
4) By Compatibility Agents: PH Adjusters, Salinity Reducers, Solubility Enhancers
5) By Water Conditioners: Chelating Agents, PH Neutralizers, Water Softening Agents
6) By Other Product Types: Stickers And Spreaders, Foaming Agents, Antifoaming Agents
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What Trends Are Reshaping The Future Of The Pesticide Adjuvant Market?
Leading businesses in the pesticide adjuvant market are adopting innovative technologies like Inntero to enhance pest management and increase compatibility with diverse pesticide formulations. Inntero is an innovative adjuvant technology used to boost the effectiveness of agricultural pesticides. Constructed with productivity in mind, it provides farmers the means to enhance the efficacy of pesticides and better protect crops throughout the growth stages. In February 2024, Innvictis Crop Care LLC, an American firm that produces crop protection, adjuvant, and nutritional solutions, introduced Inntero, a novel adjuvant technology for the 2023 growing season. This technology improves the performance of pesticide applications and comprises seven distinct, multi-purpose adjuvants that can be used in smaller doses. This allows farmers to fine-tune their tank mixes and actively fight resistant weeds. It provides robust adjuvants that augment various operations like wetting, spreading, and penetrability. Inntero minimizes surface tension and enhances droplet dispersion, absorption, compatibility, and deposition. It aids growers in refining their spray applications, leading to reduced wastage, faster mix times, and more effective use of input storage space.
Who Are the Key Players In The Pesticide Adjuvant Market?
Major companies operating in the pesticide adjuvant market are:
• BASF SE
• Evonik Industries AG
• DuPont de Nemours Inc.
• Huntsman Corporation
• Solvay S.A
• Clariant International Ltd.
• Helena Agri-Enterprises LLC
• Crodo International Ltd.
• Stepan Company
• Momentive Performance Materials
• Ingevity Corporation
• Growmark Inc.
• Brandt Consolidated Inc.
• Lamberti SPA
• Drexel Chemical Company
• Rossari Biotech Ltd.
• Winfield Solutions LLC
• Victorian Chemical Company Pty Ltd.
• Innvictis Crop Care LLC
• Garrco Products Inc.
What Is The Most Dominant Region In The Pesticide Adjuvant Market?
North America was the largest region in the pesticide adjuvant market in 2024. The regions covered in the pesticide adjuvant market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
