USA agricultural adjuvants market valued at USD 206.21 million in 2019 and is expected to grow at a CAGR of 5.14% over the forecast period to reach USD 307.23 million by 2027.
Adjuvants are chemical substances that are intended for improving the performance of pesticide formulations in agricultural practices. Adjuvants are added to a pesticide product (in-formulation) or pesticide spray mixture (tank-mix) to enhance the pesticide’s performance and/or the physical properties of the spray mixture. Agricultural adjuvants range from surfactants and crop oil concentrates to utility materials such as wetting agents, foaming agents and compatibility agents. Nitrogen fertilizers such as urea and ammonium nitrate are also used as adjuvants. Adjuvants evolved as a key tool in the armor of farming communities in precision and protected farming practices owing to their capability of improving pesticide efficiency. The American Society for Testing and Materials International (ASTM) and Council of Producers and Distributors of Agro Technology (CPDA) are regulating adjuvant products in the U.S. The growing consumption of pesticides and increasing utilization of adjuvants with pesticides are the major drivers for the growth of the agricultural adjuvants market. However, the toxicity concerns associated with use of synthetic adjuvants is limiting the market growth.The activator adjuvants dominated the USA agricultural adjuvants market in 2019, with a market share of more than 71%. This type of adjuvant is also expected to see the best growth prospects by 2027 due to its application on a large-scale to increase the efficiency of crop protection products. Among applications, the herbicides segment accounted for the largest share of 76% as they are a major group of crop protection chemicals used in agriculture.
Market Dynamics
Drivers
- Growing precision farming practices
- Growing need to limit pesticide wastage
- Increased infestation of pests
- Managing glyphosate-resistant weeds
Restraints
- Toxicity of adjuvants
- Specificity of adjuvants
- Uncontrolled reactivity of adjuvants
Growing precision farming practices
With the use of next-generation technologies, the agriculture industry is rapidly moving towards the latest trend of Agriculture 5.0. The growing need for improved productivity and efficiency is triggering the adoption of precision farming methods, and this is contributing to the growth of the agricultural adjuvant market. Precision farming is heavily practiced in North America, especially in the US. For instance, the National Institute of Food and Agriculture (NIFA)-part of the U.S. Department of Agriculture-conducts geospatial, sensor, and precision technology programs to create awareness among farmers. The need to improve the efficiency of the use of pesticide spray mixtures and other pesticide products in farming activities, is one of the leading factors that correlate precision farming with agricultural adjuvants. Agricultural businesses are using agricultural adjuvants to improve the effectiveness of pesticides and the accuracy of application of all insecticide products. Furthermore, due to the need for specific application of crop protection chemicals in modern agriculture, special purpose agricultural adjuvants are in high demand. Growing awareness about the usefulness of agricultural adjuvants in implementing precision farming will further contribute to the incremental growth of the USA agricultural adjuvants market in the coming years.
Competitive Landscape
The USA agricultural adjuvant market is fragmented with a large number of vendors. Owing to the large number of vendors, there is high competition in the market especially in the United States. Also, the market is dominated by large global vendors such as Brandt Consolidated, Inc., Wilbur-Ellis, Stepan Company, and CHS, Inc among others. In order to expand their consumer reach and remain ahead of the competition, industry players are launching new products. For instance, in March 2020, EMBRECE-EA, a new non-ionic surfactant from Wilbur-Ellis Holdings Inc., is designed to improve the efficiency of fungicides, miticides and insecticides by increasing the wetting and spreading of spray materials. As per the company, EMBRECE-EA can provide a high-performance alternative to organosilicon-containing adjuvants, where there are concerns about phytotoxicity, spray mix run-off, and toxicity to beneficial insects.
Evonik Industries AG introduced two new environmentally friendly tank-mix adjuvants, BREAK-THRU SF 420 and BREAK-THRU SP 171, in March 2020.
Another strategy used by industry leaders is to invest in research and development of cheap, effective products. The market's key players compete against one another primarily by investing in research and development to launch new products, as well as by using strategies such as mergers and acquisitions and partnerships. The companies in future will majorly be seen as introducing new products through collaborations with other tech firms to gain a market share.
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