The worldwide population has been rising at a swift pace since the past few years. As per the United Nations Department of Economic and Social Affairs, in 2017, the global population reached 7.6 billion and is projected to grow by 30.9% in the next 33 years, reaching 9.8 billion by 2050. Attributed to this, the demand for food products across the globe is also growing widely. Farmers are looking for ways to increase agricultural yield to cater to the needs of the growing population.
Owing to this, the global agricultural adjuvants market size is predicted to reach a value of $5,485.1 million by 2030, increasing from $3,106.7 million in 2019, progressing at a 5.5% CAGR during the forecast period. Agricultural adjuvants enhance the efficiency of fungicides, insecticides, and herbicides, and further aid in removing unwanted pests and preventing plan diseases. These products are important for increasing the productivity on agricultural fields.
The major functions of agricultural adjuvants are utility adjuvants and activator adjuvants, between which, the demand for activator adjuvants is predicted to rise considerably in the near future. These adjuvants are ideal for a number of applications because of their ability to increase the solubilization and decrease the surface tension. Different types of activator adjuvants are oil-based and surfactants, between which, the demand for surfactants was higher in 2019. These products have superior emulsifying properties, and some surfactants can also alter the crystalline structure and viscosity of the stem surface and leaf.
This allows the pesticide to penetrate easily. Agricultural adjuvants are used for fruits & vegetables, cereals & grains, and oilseeds & pulses, out of which, their demand was highest was cereals and grains in 2019. Along with the increasing population, the land for crop cultivation has also become scarce. Owing to this, the pressure for maximizing yield on the available farmlands has been surging all over the globe. This is further leading to the increased use of agricultural adjuvants for growing cereals and grains.
In conclusion, the growing population and need for eco-friendly adjuvants are leading to the growth of the market.
Read more: https://www.psmarketresearch.com/market-analysis/agricultural-adjuvants-market
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