The global agricultural additives market will reach US$4.7 billion in 2027

According to the latest market research report released by Meticulous Research, by 2027, the market value of agricultural additives is expected to reach 4.7 billion US dollars, and the compound annual growth rate during the forecast period (2020-2027) will reach 5.7%. Calculated by capacity, the compound annual growth rate of the agricultural additives market during the forecast period is 7.3%, and will reach 440,100 tons by 2027.

Agricultural additives are auxiliary products, usually used as agrochemical catalysts to improve the efficiency of herbicides, pesticides, fungicides and other agrochemicals and give full play to their functions. Additives also have a variety of functions, such as enhancing the wettability of plant protection chemicals, ensuring that they spread evenly on the foliage, increasing the permeability of systemic plant protection chemicals, and increasing compatibility with products such as foliar fertilizer sprays. and many more.


The impact of COVID-19 on the agricultural adjuvant market

The agricultural additives market is still facing challenges caused by the blockade caused by the new crown pneumonia, logistics interference, production cuts and related economic impacts. The global chemical and agrochemical industries have been affected since the beginning of the epidemic, especially in the two largest producers and consumers of agricultural additives in the world, the United States and China. In addition, the new crown epidemic has also severely damaged the agricultural additives industry in Brazil, India and the five EU countries. In order to curb the spread of the new crown pneumonia and avoid the serious consequences of the epidemic, governments around the world have announced partial or complete blockade measures, which in turn affect many manufacturing and service industries, including plant protection chemicals and other additive industries.

With the intensification of the new crown pneumonia crisis, manufacturers quickly changed their previous practices and procurement priorities to give priority to meeting the needs of the pandemic. In the past few months, this crisis has directly affected the development speed of agricultural additives, and chemical manufacturers in many countries around the world have been forced to stop production. In addition, as governments around the world implement domestic blockades, close borders, and cease economic activities to control the spread of the new crown virus, international trade has been significantly affected. Many markets turn to rely on domestic companies to meet the demand for fertilizers, pesticides and agricultural additives, but this will still cause an imbalance between supply and demand. Some regions are totally or partly dependent on imports and the situation is very severe. The production of additives mainly relies on raw materials such as vegetable oil and petroleum. In addition, some companies have created new supply chains due to the instability of conventional supply chains, but these supply chains are more expensive and require more time to meet the needs of catalysts in different areas of the chemical industry. All these factors will hinder the development of this market.


Forecast of the future market development of agricultural additives

From a functional point of view, synergistic additives are expected to occupy the largest share of the entire agricultural additives market in 2020. During the forecast period, this field is expected to grow rapidly. The main reason for the largest market share and the fastest growth of synergistic additives is that they can reduce surface tension, increase contact area, and enhance rain erosion resistance, solubilization and spray adhesion. The global demand is very high. In addition, the global agricultural synergistic additives market is further subdivided into surfactants and oil additives.

It is estimated that surfactants will occupy a dominant share of the entire agricultural synergistic adjuvant market in 2020. The reasons are as follows: the increasing popularity of precision agriculture practices, the increasing demand for protecting crops from pests and diseases, and in order to comply with strict environmental regulations, The droplet adhesion of pesticide products must be improved.

From the application point of view, the adjuvants used for herbicides are expected to occupy the dominant share of the entire agricultural adjuvant market in 2020. During the forecast period, this field is also expected to grow rapidly. The main reason for the largest share and fastest growth in this field is the huge demand for weed control products, which are used to control weeds, avoid crop failures, and increase global agricultural production. In addition, the reduction in labor supply and the consequent increase in labor costs and insufficient arable land have also increased the global demand for weeding products. Not only that, the increasing adoption of better agricultural practices and integrated pest management technologies around the world will further promote the use of additives in weed control products.

In terms of dosage form, suspension concentrates are expected to occupy the dominant share of the entire agricultural adjuvant market in 2020, mainly due to their dust-free, small active ingredient particle size (which minimizes environmental risks), ease of use, With the advantages of high efficiency, the demand for it is increasing.

From the perspective of the form of adoption, bucket mixing additives are expected to occupy the largest share of the entire agricultural additives market in 2020. The main reason is that bucket mixing can improve the compatibility and performance of agrochemicals on plant surfaces, so the adoption rate is relatively high. high. However, during the forecast period, the compound annual growth rate of formula additives is expected to reach the highest. The main reason for its rapid growth is that users are becoming more and more accustomed to using agrochemicals that can be directly used in crops without adding any chemicals.

From the perspective of crop types, cereals and pulses are expected to occupy the dominant share of the entire agricultural adjuvant market in 2020. The main reason is that the rapid population growth has led to increasing demand for cereals and beans. Cereals and beans worldwide The huge area of crops and the increasing demand for plant protection chemicals to protect grains and legumes from pests and diseases have increased the demand for agricultural additives.

Geographically, North America is expected to occupy the largest share of the global agricultural additives market in 2020, followed by Asia Pacific and Europe. The main reasons for North America's largest share include the continuous decline of arable land, rapid population growth, and increased demand for standard quality foods. In addition, factors such as changes in agricultural practices, shortage of agricultural labor, increased intensification including precision agriculture, mass adoption of advanced agricultural technologies, increasing awareness of the environmental impact of agriculture, and growing interest in sustainable production systems. It is expected to further promote the growth of this market in the region.

However, the Asia-Pacific region is expected to have significant growth in the next few years. The main reasons include: increasing demand for plant protection chemicals, developing countries with vast agricultural land joining this market, increasing demand for food crops and arable land Limited, the incidence of pests and diseases continues to rise, and due to the development of organic agriculture in Australia and other countries, users are increasingly inclined to environmentally friendly agricultural additives.