Pesticide Adjuvant Market Forecast, Trend Analysis and Competition Tracking - Global Market insights 2015 to 2031

Demand for Pesticide Adjuvant from 2015 to 2020 Vs. Future Market Projections for 2021-2031

From 2015 to 2020, sales of pesticide adjuvant have increased at a stable rate, expanding at over 5% CAGR.

An adjuvant is a material that improves the performance of a pesticide when added to a spray solution. Pesticide adjuvants are substances added to the spray tank containing pesticide formulation to enhance the stability and functionality of the active ingredients. Several adjuvants include surfactants, oil concentrates, compatibility agents, buffering and conditioning agents, defoaming agents, drift control agents, etc. Adjuvants, especially surfactants, are used in formulations of herbicides to improve the effectiveness of postemergence. The advantage of a pesticide adjuvant is to strengthen the fundamental qualities of pesticides, such as volatility, solubility, and adsorption. They are commonly used in modern agriculture to improve the performance of products used for crop protection. Adjuvants enhance the cost-effectiveness of products used for crop protection by extending the length of time of active ingredients in these products.

Agricultural adjuvants include activator adjuvants, utility adjuvants, and others. The primary purpose of activator adjuvants is to improve the activity of pesticide products. In contrast, utility adjuvants are tank-mixed in the spray solution to improve and enhance the spray application process.

Surfactants are potent adjuvants and are classified as ionic, cationic, nonionic, and amphoteric. Mostly nonionic surfactants are used for agricultural adjuvants. Oil adjuvants are further sub-segmented as vegetable oils and petroleum oils. These are commonly used when leaf cuticles are thick or hot and dry, and oil adjuvants can increase the penetration of oil-soluble pesticides. Ammonium fertilizers used as adjuvants include urea-ammonium nitrates (UAN), ammonium sulfates, ammonium nitrates, and ammonium polyphosphates. Utility adjuvants work by altering the physical or chemical characteristics of the spray mixture for its ease of application. It can remain on the plant surface rather than regular, or its persistence in the environment drift control agents helps reduce the number of droplets prone off of a plant and landing onto other plants or areas not meant to be treated. Some adjuvants alter the formulation so that it may entirely and evenly cover plant surfaces.

Global Pesticide Adjuvant Market Revenue Outlook:

The global pesticide adjuvant market is valued at US$ 3.1 Bn in 2020 and projected to register а САGR of about 6% by 2031.

The market is segmented based on product type, formulation, end-use and region. Based on the product type, the surfactants & emulsifiers are expected to hold a majority share and register a higher growth rate over the forecast period. Concerning the formulation, the tank-mix segment is anticipated to dominate the market in the coming years. On the basis of end-use, the agricultural segment is expected to hold a dominant position in the market.

Increasing demand for agricultural productivity around the globe is fueling demand for pesticide adjuvants, as it helps increase crop production. The increasing need for pesticides has prompted manufacturers to develop specifically targeted products specific crop-related diseases. In the wake of the recent COVID-19 outbreak, the world population is showing higher demand for organically produced foods. Rising concerns for healthy and hygienic food in the markets to maintain fitness during the pandemic have gained strong prominence, thus resulting in increased demand for safer additions used for food products. Major companies have been in the process of developing eco-friendly bio-based adjuvants such as organo-modified siloxanes methylated seed oil (MSO), modified vegetable oils, etc. These adjuvants are considered environment-friendly due to their high level of safety and biodegradability.

However, stringent regulatory measures are responsible for delaying the registration of new ingredients in pesticides. Especially in Europe, registering the new inert agents is considered critical and thus requires investing a lot of time and money. These agencies monitor the toxicity emission levels within permissible levels and adjuvants produced from petrochemicals and chemical processes with toxic wastes and gases. The cost of newly launched products has become high due to stringent government regulations across all the countries. This, in turn, is a substantial barrier for new market players to utilize the opportunities to enter this market.

Regional Analysis:

Asia-Pacific is anticipated to hold a significant share of the global pesticide adjuvant market. The region is also expected to register the highest growth rates over the forecast period. The increasing population, increased dependence on the agriculture sector, and the growing food industry in developed and developing economies in the region are expected to increase demand for pesticide adjuvant. The robust growth of food processing is also likely to provide lucrative opportunities for the development of the market.

COVID-19 Impact Analysis:

The initial lockdown during Q1 and Q2 2020 caused severe disruptions in the supply chain of pesticide adjuvant. It has affected production activities and has disrupted the supply chain across the globe. It has impeded trade activities across several countries, resulting in gaps in the supply of raw materials and end-products, thus hampering its consumption. Initially, this had increased the prices of raw materials, as well as end-products. However, this challenge was acknowledged and intervened by governments of several countries, thereby regulating the prices of raw materials to a certain extent.

Nonetheless, various industry players in the global pesticide adjuvant market are increasingly focusing on establishing successful collaborations, acquisitions, and joint venture activities to enhance their respective customer bases. These players are also growing their supply capabilities to meet customer requirements on a local and global scale. This factor, paired with promising industrialization prospects in developing economies of the Asia-Pacific region, such as China, India, Taiwan, Indonesia, etc., are expected to create massive business opportunities for key players over the forecast period.

Competitive Landscape:

The pesticide adjuvant market landscape appears highly fragmented, with a significant chunk of it being dominated by players in European countries.

• BASF SE
• Bayer AG
• Dow Inc.
• Evonik Industries AG
• Land O'Lakes, Inc.
• Corteva Inc.
• Syngenta AG
• Solvay SA
• Нuntѕmаn Corporation
• Lоnzа Group AG
• Nouryon Industrial Chemicals
• FMC Corporation
• Сlаrіаnt AG
• Croda International Plc
• DVA Agro GmbH
• Other Key Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Segments Covered

Pesticide Adjuvant Market, By Product Type

• Surfactants & Emulsifiers
• Drift Control Agents
• Oil Concentrates
• Соmраtіbіlіtу Аgеntѕ
• Wаtеr Соndіtіоnеrѕ
• Other Product Types

Pesticide Adjuvant Market, By Formulation

• In-formulation
• Tank-Mix

Pesticide Adjuvant Market, By End-Use

• Agricultural
• Commercial