Global Agricultural Adjuvants Market by Knowledge Sourcing Intelligence

Agricultural adjuvants help in enhancing the efficiency of pesticides and thereby increases the yield and productivity of crops. Agricultural adjuvants include fertilizers, oils, ammonium, and surfactants. The global agricultural adjuvants market is projected to witness a compound annual growth rate of 4.98% during the forecast period to reach a total market size of US$4.100 billion by 2023, increasing from US$3.062 billion in 2017. Growing population coupled with rapid urbanization as well as mounting concerns to reduce supply demand gap between food consumption and production is driving the agricultural adjuvants market. The continuous investments in R&D and technological advancements have led to the development of protected agricultural practices which is contributing to the demand for products capable of meeting the above objective. Furthermore, availability of cost-efficient and environmentally acceptable adjuvants is also boosting the demand over the forecast period. However, growing focus on genetically modified seeds and focus on environmental sustainability are key challenges to the market growth.