Stratistics MRC’s Global Agricultural Adjuvants Market value is expected to reach $7.1 billion growing at a CAGR of 7.7% during 2023-2030.
An agricultural adjuvant is a compound that improves the effectiveness of pesticides, such as herbicides, fungicides, insecticides, and many more substances that get rid of or manage unwanted pests. Agriculture adjuvants work in a similar manner to medical adjuvants in that they do not immediately manage or eradicate pests. These additives instead allow the pesticides to target, protect, or penetrate the organism by transforming a particular property of the spray solution.
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Asia Pacific is projected to have the highest CAGR over the forecast period, adoption of agricultural adjuvants is driven by the region’s rising food demand and the need to increase crop yield. The market is further boosted by elements including growing farm mechanization, changing farming techniques, and government backing for contemporary agriculture technology. The need for eco-friendly adjuvants is also driven by growing public knowledge of environmentally friendly farming methods and environmental issues. As a result, both local and international manufacturers are focusing on expanding their presence in the Asia Pacific market, making it a significant player in the global agricultural adjuvants industry.
Some of the key players in Agricultural Adjuvants market include Helena Agri-Enterprises, LLC, Dow Croning, Clariant AG, Innvictis, Ingevity, Huntsman International LLC., Solvay SA, Precision Laboratories, LLC, Nufarm Limited, Croda International Plc, WinField Solutions LLC, Wilbur-Ellis Agribusiness, Stepan Company, Brandt Companies, Evonik Industries AG and Corteva Agriscience.
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Key Developments:
In July 2023, Evonik Industries AG launches the wound dressing epicite® balance onto the German market. The dressing is particularly suited and optimized for the treatment of chronic wounds with low to medium exudation, such as venous leg ulcers, arterial leg ulcers, diabetic foot ulcers, pressure ulcers and soft tissue lesions.
In June 2023, Corteva Agriscience announced PowerCore® Enlist® Refuge Advanced® (RA) corn will be available for planting in the 2024 growing season in the U.S. and Canada.
In June 2023, Croda International Plc announces global technical centre in Hyderabad. The investment is part of Croda’s continuing commitment to develop high performance pharmaceutical ingredients and technologies for Life Sciences, reinforcing the company’s Purpose to use Smart science to improve lives
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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