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(MoneyNewsWire.Net, January 29, 2018 ) North America Agricultural Adjuvants Market was worth $0.94 billion in 2017 and estimated to be growing at a CAGR of 5.78%, to reach $1.25 billion by 2022. Agricultural Adjuvants are witnessing a substantial demand in the market and are projected to be one of the most vital segments of agricultural-inputs due to the growing commercial farming of high value crops to meet the mounting food demand.
Agricultural Adjuvants increase the return on investment as they boost the efficiency of pesticides such as Insecticides, Herbicides, Fungicides 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.
The growth of the North America Agricultural adjuvants market is majorly due to factors such as growing awareness among farmers regarding agricultural adjuvants, innovative techniques, and increasing incidences of pests. However, new methods such as bio-farming and organic pesticides pose a threat to the growth of the market in this region. Also, adoption of stringent policies on the usage of agrochemicals by the EPA and USDA will inhibit the growth of the market in this region.
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The North America 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.
Market Segmentation:
1 By Application
1.1 Insecticides
1.2 Herbicides
1.3 Fungicides
1.4 Other Applications
2 By Type
2.1 Activator Adjuvants
2.1.1 Surfactants
2.1.2 Oil Adjuvants
2.2 Utility Adjuvants
2.2.1 Drift Control Agents
2.2.2 Antifoam Agents
2.2.3 Compatibility Agents
2.2.4 Acidifiers
2.2.5 Water Conditioners
2.2.6 Others
3 By Crop Type
3.1 Fruits & Vegetables
3.2 Cereals & Oilseeds
3.3 Others
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The North America market has been geographically segmented into segmented into US and Canada. This region leads the global Agricultural Adjuvants on account of high usage rate and approval of precision farming. The growth of the market in this region is driven by the development of crops such as oilseeds and sugarcane, which has various applications such as feed, fuel, and other industrial uses.
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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