The Global Agriculture Utility Adjuvants Market was valued at $553.5 million in 2014, and is projected to reach $706.0 million by 2019, at a CAGR of 5.0% during the forecast period.
The global agricultural utility adjuvant market is projected to grow at a CAGR of 5.0% from 2014 to 2019. The agricultural utility adjuvant market is one of the key segments of the agrochemical market, which comes under a broad category of crop protection chemicals. As defined by the International Union of Pure and Applied Chemistry (IUPAC), the definition of adjuvants is “the term adjuvant refers to any compound that improves the performance of crop protection agents besides the active ingredient”.
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Adjuvants are used to increase the efficacy of pesticides that are being used in crops. Compatibility agent, antifoam agents, water conditioners, drift control agents, and buffers/acidifiers among others are different varieties of adjuvants. Expenditure involved in the production of adjuvants depends on the novelty of technology, relative complexities in the production, and economies of scale.
The global agricultural utility adjuvant market is dominated by North America, followed by Europe. In North America, precision farming is the practice of cultivating crops under a management concept, based on observing, measuring, and responding to inter and intra-field variability in crops in order to achieve maximum profitability. In other words, precision farming can be defined as a method capable of helping farmers to use the right amount of inputs, in the right place at the right time.
The global agricultural utility adjuvant market is competitive market, dominated by various firms, such as Bayer Cropsciences AG (Switzerland), Syngenta AG (Switzerland), and Monsanto Company (U.S.) among others. To gain a competitive market share, these companies are adopting numerous growth strategies, including innovative product development, partnerships, mergers and acquisitions, and expansion of existing facilities.
Scope of the Report
This research report categorizes the global agricultural utility adjuvant market into the following segment and sub-segments:
Global Agricultural Utility Adjuvant Market, By Type
- Compatibility Agents
- Antifoam Agents
- Water Conditioners
- Drift Control Agents
- Buffers/Acidifiers
- Others
Global Agricultural Utility Adjuvant Market, By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- RoW
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