The novel Coronavirus (COVID-19) pandemic has rapidly spread across the world, adversely affecting the lives of millions across the globe. The complete shutdown of all economic activities except essential services created an economic crisis with massive job losses and rising food insecurity also this outbreak has affected significant elements of both food supply and demand. The COVID-19 pandemic disturbed the economies across the globe as well as adversely affected the development of different enterprises like health-sector, manufacturing, agriculture, and others. Due to the inconvenience of the lockdown by the Government to restrict the spread of the infection. This crisis has disturbed chemical manufacturing units as in many countries agriculture adjuvant's development rates have been lowered. On a global level, the businesses observed major impacts on their international market as Government has shut down national and international import and export activities to stop coronavirus spread. In 2020, due to the disturbance in logistics and transportation, a huge slowdown in sales of agriculture crop protection chemicals was observed. However, any marketers are focusing on fulfilling the demand of fertilizers, pesticide and adjuvants.
Growing crop damage due to insects and other pest is increasing consumption of pesticides globally. An adjuvant is a substance that is added to a pesticide or pesticide mixture to enhance the pesticide performance. To control the pesticide wastage by improving their efficiency to raise food production pesticide adjuvant demand in raising. Adjuvants help to change the physical and chemical properties of agrochemicals. Rising agriculture practices across the globe also growing population rising food demand is a key reasons for the growing demand in the pesticide adjuvant market. Another reason driving the pesticide adjuvant market is that the growing demand for crop protection products has resulted in the development of crop protection solutions. The adjuvants help to increase the mobility of agrochemicals and also overcome barriers like the waxy surface of insects, fungi, and plants adjuvants are added to pesticide spray solutions.
Increasing food demand due to the growing population is a major factor creating opportunities for the adjuvant market. Adjuvants help to modify the application characteristic and biological activity of pesticides by changing their chemical and physical properties. They boost the effectiveness of pesticides by helping them to remove the barrier and it helps pesticides to stick to the plant surface and spread over the leaves. The adjuvants like surfactants help to increase the surface contact and reduce the runoff rate and oil-based adjuvants improve the penetration into the leaf by modifying leaf surface waxes. The adjuvants provide benefits such as lower viscosity and allow for easy handling also its lower surface tension and increase spreading on the foliage and provide great performance in cold weather.
There are different regulations across various regions for manufacturing which is a major barrier that creates difficulty for exporters. Environmental regulation across all countries has increased the cost of developing new products. Due to the regulation by countries, it takes a long period to launch any new product in the market. And this is the major problem for new players to enter in this market.
The crop protection market is controlled by regulations Imposed by various areas on the usage of crop protection chemicals. The increasing environmental regulation is also expected to have an adverse impact on the crop protection industry. Companies are facing challenges in the countries like Germany, and France for the development, registration, and production of their crop protection products. Growing concerns for environmental and human health is a major factor challenge faced by companies.
The report provides in-depth analysis of global pesticide adjuvant market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various adjuvant in various applications has led the increasing demand for market and is expected to witness the growth at a specific CAGR from 2022-2028.
The global pesticide adjuvant market is segmented into product type, application, crop type and geography.
Based on product types the pesticide adjuvant market is segmented into surfactants & Emulsifiers, Drift Control Agents, Oil Concentrates, Compatibility Agent, and Water Conditioners. The surfactants and emulsifiers segment commanded the largest share of the overall pesticide adjuvant market. The surfactants reduce surface tension and improve pesticide uptake by improving pesticide distribution on the leaf surface and the emulsifying agents promote the suspension of one liquid in another. These adjuvants may be included in the product formulation by the manufacturer or tank-mixed by the pesticide applicator. The demand for these adjuvant is high because of its ability to increasing contact area and rain fastness and reduce surface tension and increasing solubilization and spray retention.
On the basis, of application pesticide adjuvant market is segment into fungicide, herbicide and insecticide. The herbicide segment commanded the largest share in the pesticide adjuvant market. Herbicide are extensively used pesticide in the agriculture sector and adjuvants are used to enhance the herbicide activity. The demand for herbicide products is increased to protect against crop failure due to weeds also to reduce labor cost which will increase the agriculture production. Adjuvants act as an herbicide stabilizer or activator by modifying physical spray solution. Furthermore, increased integrated pest management technologies is boosting the use of adjuvants in herbicidal crop protection products.
Pesticide adjuvant market on the basis on crop type segmented into cereals & grains, oilseeds& pulses, fruits & vegetables. The cereals & grains segment commanded the largest share in the pesticide adjuvant market. With a rapidly growing population cereals and grains cultivation increasing also demand for crop protection chemicals increased to protect crops from insect pest and diseases. The increased consumption of cereals and grains such as oats, rice, wheat, barley in various regions is key factor driving growth for pesticide adjuvant market.
On the basis of Geography, the pesticide adjuvant market is segmented into, North America, Asia-pacific, Europe, and the rest of the world. The North-America region segment commanded the largest share in the pesticide adjuvant market. The growing agricultural activities in the countries such as the U.S and Canada are key factors that increase demand in this region. Moreover, the increasing adoption of new agricultural techniques including precision agriculture, sustainable production system, and increased awareness of the environmental impact of the crop are major factors increasing the demand for the pesticide adjuvant market in this region.
The competitive landscape analysis of the pesticide adjuvant market is certainly based range of market players operating in the agriculture market. The adjuvant market is highly competitive due to the presence of a large number of players in the market. The key player offers a wide range of pesticide adjuvants based on product types, applications, and adjuvants for different types of crops. The market has major competitive analysis based on the new product, eco-friendly products, quality, and price. The pla yers operating in the global pesticide adjuvants market are adopting different strategies to cater to consumer demand.
The key players studied in the market are BASF SE, Akzo Nobel N.V., Croda International plc, Huntsman Corporation, Evonik Industries AG, Nufarm, Solvay S.A., Corteva, Inc., Helena Agri Enterprises LLC, Lonza Group AG, Stepan Company, Wilbur-Ellis Company, Miller Chemical and Fertilizer, LLC, Kalo Inc., Innvictis Crop Care, LLC, and Clariant AG. and among others.
May 2020: Precision Laboratories launched Precisive, a high-load nonionic surfactant with built-in deposition aids and drift reduction technology.
April 2020: Solvay entered into a partnership with Boeing, who is a face shield manufacturer, wherein the company would supply high-performance, medical-grade transparent film. The strategy was a response to the rising demands for personal protective equipment amongst healthcare professionals.
January 2020: BASF inaugurated its new crop protection facility in Singapore for increasing its production capacity in the Asia Pacific region. This will cater to the rising demand of the farmers in the region for quality products for cultivation.
October 2019: Nufarm initiated a state of art crop protection segment facility in Greenville, Mississippi, which will help broaden the companies production in their facilities in Chicago to North American based platforms.
Pesticide adjuvants are added to the pesticides to improve their performance. It is added to the pesticide before application or can be added while formulating the pesticide. Increasing food demand due to the growing population is a major factor creating opportunities for the adjuvant market. This market is segmented based on product type, application, crop type, and Geography. The surfactant and emulsifiers on the basis of product type commanded the largest share in the market. To meet the food demand farmer are focusing to control weeds as that causes a reduction in production. In pesticide adjuvant on the basis of application herbicide segment accounted for the largest share. The demand for cereals and pulses is increasing and the use of insecticides, herbicides, and fungicides is also increasing to stop the spread of diseases. The North American region account the largest share of the pesticide adjuvant market as increasing new agriculture techniques.
Which region is accounted for the largest share in the agriculture pesticide adjuvant market?
Ans: - North America accounted largest share in the pesticide adjuvant market due to adoption of new technologies.
Who are the key players in the pesticide adjuvant market?
Ans: - BASF SE, Akzo Nobel N.V., Croda International plc, Huntsman Corporation, Evonik Industries AG, Nufarm, Solvay S.A., Corteva, Inc., Helena Agri Enterprises LLC, Lonza Group AG, Stepan Company, Wilbur-Ellis Company, Miller Chemical and Fertilizer, LLC, Kalo Inc., Innvictis Crop Care, LLC, and Clariant AG. and among others.
How would COVID-19 impact the pesticide adjuvant market?
Ans: - This crisis has disturbed chemical manufacturing units as in many countries agriculture adjuvant's development rates have been lowered. On a global level, the businesses observed major impacts on their international market as Government has shut down national and international import and export activities to stop coronavirus spread.