Global agriculture activator adjuvants market to reach $2,439.2 million by 2019

According to the report “Global Agriculture Activator Adjuvants Market by Application,by Type,by Geography – Analysis & Forecast to 2019”, the global agricultural activator adjuvants market was valued at $1,831.4 million in 2014 and is projected to reach $2,439.2 million by 2019, at a CAGR of 5.9% during the forecast period, 2014 to 2019. The herbicides application segment led the global agricultural activator adjuvants market in 2014 and accounted for a market share of 49.0%. Among types, the surfactants segment dominated the global agricultural activator adjuvants market in 2014.  

The North American region dominated the global agricultural activator adjuvants market, followed by Europe. Precision farming which is the practice of cultivating crops under management concept based on observing, measuring, and responding to inter and intra-field variability in crops, is gaining much popularity in the North American region.In other words, precision farming can be defined as a method which enables farmers to use the right amount of inputs, in the right place and at the right time to ensure maximum profitability. The area under precision farming is rapidly rising in the U.S. and Mexico. Precision farming enables use of agricultural activator adjuvants so as to ensure judicious usage of the agrochemicals required for controlling specific target pests.

The global agricultural activator adjuvants market, which is a part of the wider global agrochemical market primarily, includes, surfactants, oils, ammonium fertilizers, water conditioners, and drift control agents. Numerous factors such as, growing demand for agro-chemicals, adoption of precision farming and protected agriculture, increased farm expenditures, shrinking arable land, changing farming practices and technology, new product offerings, easy availability of the agricultural products, and increasing attack of pests and diseases are the key factors driving the growth of the global agricultural activator adjuvants market.

The use of agrochemicals is fueling the growth of the agricultural activator adjuvants market from the global perspective. Agricultural activator adjuvants are helping to revolutionize the agrochemical business as they act as the best tools for the farmers in improving application, facilitating the dosage, and achieving more cost-effective, better targeted, and environmentally more acceptable pest control. The agricultural activator adjuvants play an essential role in the increased performance of the most of the herbicides, fungicides, and insecticides. The agricultural activator adjuvants also facilitate in formulating dosages for preventive applications from high dose applications to low dose, specifically targeted for curative applications.

The global agricultural activator adjuvants market is a competitive market. Various firms such as, Croda International plc (U.K.), Evonik Industries AG (Germany), and Huntsman Corp. (U.S.) are focusing on expanding their market shares, globally. To gain market shares, these companies are adapting numerous market strategies which include innovative product developments, partnerships, mergers & acquisitions, and expansions of the existing facilities. Apart from these companies, a large number of smaller firms are also present in the global agricultural activator adjuvants market.

Micromarket Monitor,  01/06/2015