A new Technavio report offers adjuvants market segmentation by type (activator and utility), by application (herbicide, fungicide, and insecticide), by geography (North America, Latin America, APAC, and EMEA), and by key leading countries (US, China, and Brazil). Leading vendors in this market are AkzoNobel, Clariant AG, Croda International plc, Helena Chemical Co., Solvay SA, TANATEX Chemicals, and Wilbur-Ellis.
Technavio has released updated information on the adjuvants market, with the publication of its new report, global agricultural adjuvant market 2015-2019.
The global adjuvants market is set to grow at a rate of close to 6% during the period of 2014-2019. North America dominates this market and accounts for more than 38% of the total demand. Analysts estimate the adjuvants market in North America to reach close to USD 1.5 billion by 2019.
“Recently, it has been noticed that some weeds are becoming increasingly resistant to adjuvant-based pesticides. This is detrimental to the growth of the crops as the proliferation of weeds and insects will lead to a decrease in the availability of arable land. Incorporation of an integrated weed management system containing growth regulators incorporated with adjuvants ensures total crop protection,” says Sriram Mohan, Lead Analyst, Chemicals, Techanvio Research.
Genetically modified crops are resistant to glyphosate and, therefore, are treated with only one chemical regularly. This helps in controlling the growth of some weeds that are highly susceptible to this chemical, whereas others need to be treated with different herbicides. To increase the efficiency of herbicides, adjuvants are added to them. The increasing use of herbicides on genetically modified plants is bolstering the prospects of growth in the agricultural adjuvants market.
Global Activator Adjuvant Market 2014-2019 (USD billions)
Source: Technavio Research
The leading vendors in this market are AkzoNobel, Clariant AG, Croda International plc, Helena Chemical Co., Solvay SA, TANATEX Chemicals, and Wilbur-Ellis.
This report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. There are many key drivers, challenges, and opportunities that are discussed in detail.
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