Due to the soaring investments being made in the agriculture sector, the growing requirement for food products and higher agricultural yield, and the rising requirement for agrochemicals, the global agricultural adjuvants market is predicted to grow, in valuation, from $3,106.7 million to $5,485.1 million from 2019 to 2030. The market will also progress at a CAGR of 5.5% from 2020 to 2030, according to the forecast of P&S Intelligence, a market research firm based in India.
The increasing population in several countries is massively pushing up the requirement for food items. This is, in turn, fueling the demand for higher agricultural yield. As per the United Nations Department of Economic and Social Affairs’ (UNDESA) Population Division, the total population all over the world is predicted to grow from 7.6 billion to almost 9.8 billion from 2017 to 2050, exhibiting a growth rate of 30.9% during the next 33 years.
Because of the beneficial traits of activator adjuvants such as the ability to reduce surface tension and enhance solubilization, they are increasingly being adopted in farming processes throughout the world. Globally, the North American agricultural adjuvants market is expected to be very prosperous in the coming years, primarily because of the presence of several major agricultural adjuvant producing companies such as Clariant AG, Croda International PLC, Wilbur-Ellis Holdings Inc., Stepan Company, and Brandt Consolidated Inc. in the region.
Therefore, it is certain that the market will demonstrate huge expansion all over the world in the forthcoming years, on account of the growing requirement for higher agricultural yield and productivity, due to the surging population levels around the world.
Read more: https://www.psmarketresearch.com/market-analysis/agricultural-adjuvants-market
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