The extremely consolidated nature of the global
agricultural adjuvants market allows very little space for new
entrants. In 2015, the top three players in the market – Akzo Nobel
N.V., Solvay, and Clariant – collectively held a share of 51.1%.
All key players hold an especially high control over supplies of
agricultural adjuvants in developed economies.
According to a research report released by
Transparency Market Research, the global agricultural adjuvants
market holds a high level of competition for existing players due to
the presence of advanced mechanisms that a lot of current players can
make use of to scale up their production rates.
This 175 page report gives readers a comprehensive
overview of the Agricultural Adjuvants market.Browse Market Research
Report @
On the other hand, the production rate of the market
is extremely dependent on the availability of raw materials over any
other factor, which is closely regulated by government agencies. This
makes is difficult for new entrants to make their mark on the global
agricultural adjuvants market. The global agricultural adjuvants
market was calculated at US$2.36 bn at the end of 2015 and it is
expected that the market will reach US$4.16 bn at the end of 2024.
This revenue is expected to expand at a CAGR of 6.6% within a
forecast period from 2016 to 2024. By the end of 2015, the overall
volume of the global agricultural adjuvants market had reached
757,570 kilo tons.
Products Pushed to Shine as Farmers Try to Grow
Better Crops in Lesser Land
“The global agriculture industry is in a state of
many quandaries. For one, the total area of farmable land that each
country uses is reducing by at a regular rate. The smaller areas of
land are caused due to growing industrialization and expansion of
urban areas, which is a direct result of the increasing global
population. To feed this increasing population, the agriculture
system needs to overreach its current capacities to successfully
provide enough food for the masses. As a result, farmers are expected
to significantly improve their crop yield. This is the current
leading factor augmenting the demand for agricultural adjuvants
around the world,” states a TMR analyst.
The global agricultural adjuvants market is also
being driven by the growing use of advanced techniques in precision
farming. The use of modern technology to increase the precision with
which farmers can obtain a high yield of crops is allowing for a
better and more stable increase in the demand for agricultural
adjuvants.
Evolving GM Concepts a Direct Threat to Global
Agricultural Adjuvants Market
One of the leading factors hindering the growth in
demand for agricultural adjuvants is the growing use of genetic
modification in the field of agriculture. GM seeds especially are
engineered to imbibe the qualities that are required to produce
excellent crops that score well in yield quality and are also
biologically resistant to the current types of pests and plant
diseases. Over the coming years, research and development on GM seeds
is expected to skyrocket, creating a drop in the overall demand
growth of agricultural adjuvants.
Get accurate market forecast and analysis on the
Agricultural Adjuvants market. Request a sample to stay abreast on
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“Currently, the global agricultural adjuvants
market continues to be supported by the investments made by both
government and private players. The number of investors as well as
the total volume of investments is expected to continue increasing in
the immediate future, providing key opportunities for existing
players in the global agricultural adjuvants market,” adds the
analyst.
The information presented in this review is based on
a Transparency Market Research report, titled, “Report Title:
Agricultural Adjuvants Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2016 - 2024.”
Key segments of the Global Agricultural Adjuvants
Market
Agricultural Adjuvants Market: Product Type
Analysis
- Activators
- Surfactants
- Non-ionic
- Ionic
- Others
- Oil Adjuvants
- Petroleum Oil
- Vegetable Oil
- Ammonium fertilizers
- Utility
- Wetting Agents & Spreaders
- Buffering Agents
- Drift Control & Foaming Agents
- Defoaming & antifoaming Agents
- Others
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