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Kenneth Research, in its repository of market research reports, have recently added a report on the Agricultural Adjuvants Marketwhich emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Agricultural Adjuvants Market products.
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The global Agricultural Adjuvantsmarket was valued at USD 2.65billion in 2016 and is projected to reach USD 4.33billionby 2025, growing at a CAGR of 18.0% from 2017 to 2025.
Adjuvants are products that are sprayed on plants to increase the effectiveness of insecticides, pesticides and fungicides. The growing food production and increased agricultural activity in developing countries is expected to have a positive impact on market demand.
1. Market Drivers
1.1 Development in farming practices and technologies
1.2 Adoption of protected agriculture and precision farming
2. Market Restraints
2.1 Rising environmental concerns
2.2 Growing demand of GM seeds
The global Agricultural Adjuvants market is segmented on the type, application,crop type, and region.
1. By Type:
1.1.1 Oil Adjuvants
1.2.1 Antifoam Agents
1.2.3 Drift Control Agents
1.2.4 Water Conditioners
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2. By Application:
3. By Crop Type:
3.1 Oilseeds and Cereals
3.2 Vegetables and Fruits
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Akzo Nobel NV
3. Croda International PLC
4. Wilbur Ellis Holdings Inc.
5. DOW Chemical Company
6. Helena Chemicals Company
8. Nufarm Limited
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Agricultural Adjuvants Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.
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Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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