Agricultural Adjuvants Market - Global Industry Analysis,Trends and Forecast 2024
Agricultural Adjuvants Market was calculated at US$2.36 bn at the end of 2015 and it is expected that the market will reach US$4.16 bn at the end of 2024. This revenue is expected to expand at a CAGR of 6.6% within a forecast period from 2016 to 2024
Agricultural Adjuvants Market was calculated at US$2.36 bn at the end of 2015 and it is expected that the market will reach US$4.16 bn at the end of 2024. This revenue is expected to expand at a CAGR of 6.6% within a forecast period from 2016 to 2024
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<strong>Agricultural</strong> <strong>Adjuvants</strong> <strong>Market</strong> - <strong>Global</strong> <strong>Industry</strong> <strong>Analysis</strong>,<strong>Trends</strong> <strong>and</strong><br />
<strong>Forecast</strong> <strong>2024</strong><br />
Date: 03-20-2017 04:13 PM CET<br />
Category: Business, Economy, Finances, Banking & Insurance<br />
Press release from: Transparency <strong>Market</strong> Research<br />
The extremely consolidated nature of the global agricultural adjuvants market allows very little space for new entrants. In<br />
2015, the top three players in the market – Akzo Nobel N.V., Solvay, <strong>and</strong> Clariant – collectively held a share of 51.1%. All<br />
key players hold an especially high control over supplies of agricultural adjuvants in developed economies.<br />
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www.transparencymarketresearch.com/agricultural-adjuvants...<br />
According to a research report released by Transparency <strong>Market</strong> Research, the global agricultural adjuvants market holds a<br />
high level of competition for existing players due to the presence of advanced mechanisms that a lot of current players can<br />
make use of to scale up their production rates. On the other h<strong>and</strong>, the production rate of the market is extremely dependent on<br />
the availability of raw materials over any other factor, which is closely regulated by government agencies. This makes is<br />
difficult for new entrants to make their mark on the global agricultural adjuvants market. The global agricultural adjuvants<br />
market was calculated at US$2.36 bn at the end of 2015 <strong>and</strong> it is expected that the market will reach US$4.16 bn at the end of<br />
<strong>2024</strong>. This revenue is expected to exp<strong>and</strong> at a CAGR of 6.6% within a forecast period from 2016 to <strong>2024</strong>. By the end of 2015,<br />
the overall volume of the global agricultural adjuvants market had reached 757,570 kilo tons.<br />
Products Pushed to Shine as Farmers Try to Grow Better Crops in Lesser L<strong>and</strong><br />
“The global agriculture industry is in a state of many qu<strong>and</strong>aries. For one, the total area of farmable l<strong>and</strong> that each country<br />
uses is reducing by at a regular rate. The smaller areas of l<strong>and</strong> are caused due to growing industrialization <strong>and</strong> expansion of<br />
urban areas, which is a direct result of the increasing global population. To feed this<br />
increasing population, the agriculture system needs to overreach its current capacities to successfully provide enough food<br />
for the masses. As a result, farmers are expected to significantly improve their crop yield. This is the current leading factor<br />
augmenting the dem<strong>and</strong> for agricultural adjuvants around the world,” states a TMR analyst.<br />
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The global agricultural adjuvants market is also being driven by the growing use of advanced techniques in precision<br />
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farming. The use of modern technology to increase the precision with which farmers can obtain a high yield of crops is<br />
allowing for a better <strong>and</strong> more stable increase in the dem<strong>and</strong> for agricultural adjuvants.<br />
Evolving GM Concepts a Direct Threat to <strong>Global</strong> <strong>Agricultural</strong> <strong>Adjuvants</strong> <strong>Market</strong><br />
One of the leading factors hindering the growth in dem<strong>and</strong> for agricultural adjuvants is the growing use of genetic<br />
modification in the field of agriculture. GM seeds especially are engineered to imbibe the qualities that are required to produce<br />
excellent crops that score well in yield quality <strong>and</strong> are also biologically resistant to the current types of pests <strong>and</strong> plant<br />
diseases. Over the coming years, research <strong>and</strong> development on GM seeds is expected to skyrocket, creating a drop in the<br />
overall dem<strong>and</strong> growth of agricultural adjuvants.<br />
“Currently, the global agricultural adjuvants market continues to be supported by the investments made by both government<br />
<strong>and</strong> private players. The number of investors as well as the total volume of investments is expected to continue increasing in<br />
the immediate future, providing key opportunities for existing players in the global agricultural adjuvants market,” adds the<br />
analyst.<br />
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The information presented in this review is based on a Transparency <strong>Market</strong> Research report, titled, “Report Title:<br />
<strong>Agricultural</strong> <strong>Adjuvants</strong> <strong>Market</strong> - <strong>Global</strong> <strong>Industry</strong> <strong>Analysis</strong>, Size, Share, Growth, <strong>Trends</strong>, <strong>and</strong> <strong>Forecast</strong> 2016 - <strong>2024</strong>.”<br />
Key segments of the <strong>Global</strong> <strong>Agricultural</strong> <strong>Adjuvants</strong> <strong>Market</strong><br />
<strong>Agricultural</strong> <strong>Adjuvants</strong> <strong>Market</strong>: Product Type <strong>Analysis</strong><br />
Activators<br />
Surfactants<br />
Non-ionic<br />
Ionic<br />
Others<br />
Oil <strong>Adjuvants</strong><br />
Petroleum Oil<br />
Vegetable Oil<br />
Ammonium fertilizers<br />
Utility<br />
Wetting Agents & Spreaders<br />
Buffering Agents<br />
Drift Control & Foaming Agents<br />
Defoaming & antifoaming Agents<br />
Others<br />
<strong>Agricultural</strong> <strong>Adjuvants</strong> <strong>Market</strong>: Application <strong>Analysis</strong><br />
Herbicides<br />
Insecticides<br />
Fungicides<br />
Others<br />
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