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(MoneyNewsWire.Net, November 01, 2017 ) The Middle East and Africa Agricultural Adjuvants Market was worth $0.13 billion in 2016 and estimated to be growing at a CAGR of 4.68%, to reach $0.17 billion by 2021. The Agricultural Adjuvants market is projected to be one of the most vital segments of agro-inputs due to the growing commercial farming of high value crops to meet the mounting food demand.
Agricultural Adjuvants increase the return on investment and also assist in meeting farmer’s as well as purchaser demands, from the economical and health perspective with growing per hectare production of quality agricultural crops.
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The growth of the Middle East and Africa Agricultural adjuvants market is majorly driven by factors such as growing awareness among farmers regarding agricultural adjuvants, innovative farming equipment, and increasing occurrences of pests and diseases. Another key factor driving the market is the ever increasing population, which leads to the need for increase in crop harvest. However, safer substitutes such as bio-farming and organic pesticides, unstable economies, and numerous health hazards linked with these adjuvants are the key factors hindering the growth of the market in this region.
The Middle East and Africa Agricultural Adjuvants market is segmented based on Application, Type, and Crop Type. The market for Agricultural Adjuvants, on the basis of Application, is classified into Insecticides, Herbicides, Fungicides, and Others. Herbicides lead the market for Agricultural Adjuvants on the basis of application and are also growing at the highest CAGR during the forecast period. On the basis of Type, the Agricultural Adjuvants market is segmented into Activator Adjuvants and Utility Adjuvants. Activator Adjuvants are further segmented into Surfactants and Oil Adjuvants, whereas Utility Adjuvants are further classified into Drift Control Agents, Antifoam Agents, Compatibility Agents, Acidifiers, Water Conditioners, and Others. Activator adjuvants lead the agricultural adjuvants market and are also growing at the highest CAGR during the forecast period. On the basis of Crop Type, the Agricultural Adjuvants market is segmented into Fruits & Vegetables, Cereals & Oilseeds, and Others. Cereals & Oilseeds lead the market on the basis of application and this trend is anticipated to remain during the forecast period.
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The market has been geographically segmented into Middle East and Africa. The Middle East and Africa region is one of the fastest growing markets for Agricultural Adjuvants and is projected to grow substantially during the forecast period due to the growing disposable income levels, and rising food security in this region.
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The major companies dominating the Agricultural Adjuvants market in this region are Akzonoble N.V., Adjuvant plus Inc., Clariant International Ltd., Solvay SA, Helena Chemical Company, and Tanatex Chemicals.
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