Global Agrochemical Additives Market: Definition and Introduction
Agriculture is a socio-economic unit, and plays a vital role in the global economy. Agrochemical additives are intrinsic for the health of the agricultural system. These agrochemical additives are used as chelating agents, building blocks, pH regulators, and salification agents. To improve the efficiency of a product, foaming level, dispersion activity, and quality and performance of a product, farmers are moving towards the usage of agrochemical additives. The increased demand from the agriculture industry coupled with the food industry is led to be macroeconomic environment for global agrochemical additives market. Food industries are demanding the high quality of a products, due to this agrichemical industries concern towards the performance of crops/products - agrochemical additives play an essential role in the agriculture industry. The primary applications of agrochemical additives are crop protection, colorization of fertilizers, and seed treatment, besides others. Few examples of agrochemical additives are the surfactants, dispersants, organic or inorganic pigments, solvents, de-solvents, defoamers, and emulsions, and among others.
Global Agrochemical Additives Market: Dynamic
Nowadays, the increased global demand for food, feed, fibers, and bio-renewable fuels, coupled with environmental changes and the requirement to preserve natural resources, presents multifaceted challenges to the agriculture sector. Thus, technology enhancement in food industry/agrochemical industry meet the agrochemical additives demand across the world. Growing urbanization and provision of government incentives and investment schemes, together, are expected to shift the focus of farmers from manual agriculture to core technologies such as sulfonation, alkoxylation, amidation, and oxidation. This supports the demand for agrochemical additives over the forecast period. The expanding residential sector coupled with an increase in urban agriculture will raise the demand for the agrochemical additives market on a globe level.
The world population is growing and is forecasted to increase by over 30% by 2050. Increasing urbanization is expected to make the population more prosperous, increasing concerns regarding better diets and living standards. This rising demand for food will surge the need for agricultural products, which will increase the demand for agrochemical additives throughout the forecast period. Increasing concern towards biopesticides among customers against chemical additives is expected to hamper the growth of the agrochemical additives market during the forecast period. Rising on-farm irrigation projects across the world remains the key trend for the agrochemical additives market over the forecast period.
Global Agrochemical Additives Market: Segmentation
The global agrochemical additives market is segmented on the basis of product type, application area, form, and region.
On the basis of product type, the global agrochemical additives market can be segmented as mentioned below:
On the basis of form, the global agrochemical additives market can be segmented as mentioned below:
On the basis of application area, the global agrochemical additives market can be segmented as mentioned below:
Global Agrochemical Additives Market: Regional Outlook
Among all the regions, Asia Pacific is projected to account for a substantial market share in terms of value, owing to the increasing demand for agricultural activities in the region. India, China, and Vietnam are expected to be the major consumers of agrochemical additives over the forecast period. North America is expected to be a larger platform for the agrochemical additives market, followed by the European market in between 2018 and 2028. The agricultural sector plays a crucial role in every economy, and will lead the demand for agrochemical additives on a global level.
Global Agrochemical Additives Market: Key Players
The global agrochemical additives market is expected to be fragmented throughout the forecast period. Some of the market participants identified across the value chain of the global agrochemical additives market are:
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, product type, application area, and form.
The report covers exhaustive analysis on:
Regional analysis includes
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
The wide range of applications of agrochemical additives such as building blocks, salification agents, ph regulator, and chelating agent makes them a vital component of the agricultural landscape. The rise in the demand for food across the globe has positively influenced the agrichemical additives market size and growth rate.
Growing Demand for Food Escalates Market Growth
The growing trend of preservation of natural resources in the agricultural sector has been influencing the agricultural additives market dynamics. The demand has substantially increased in the market to meet the augmenting demand for fibers, food, bio-renewable fuel, and feed. Favorable government initiatives and the introduction of technologies such as suffocation and oxidation are expected to act as prominent growth drivers for the market during the forecast period. The high adoption rate of these additives has been observed amongst the farmers owing to the improvements in different properties of the production including quality of the product, dispersion activity foaming level, and performance of the product. The rising trend of on-farm irrigation projects is expected to impart significant growth to the agrochemical additives market.
Market Growth Restraints
The current challenges such as growing preference for biopesticides over chemical additives are expected to hinder the robust market growth in the coming years. The growing resistance of pathogens to the chemical agents has emerged as a major challenge ahead of the manufacturers in the market. Market players are consistently involved in identifying new active ingredients that can be formulated into usable products to overcome such challenges.
Multiplicity in the product types substantially expands the agrochemical additives market size. Major products include Alkoxylates, Antifoams & Crystal Inhibitors, Oil Enhancers, Agricultural Emulsifier Blends, Dispersing Agents, and Emulsifiers. Both liquid as well as solid form of the agrochemical additives are gaining traction in the market. The prominent application areas generating significant revenue in the market include traditional pesticides, micronutrients and fertilizers, seed treatment, and soil health. The rapidly increasing global population is estimated to augment the market in the dimension of these applications.
Agriculture Imparts Significance to Regional Markets
On the regional front, agriculture plays a vital role in the growth of regional markets. The presence of a large scale of agricultural activities in developing economies in the Asia Pacific is driving the demand for agrochemical additives in the region. Besides the Asia Pacific, North America and Europe are the other regions expected to gain prominence in the global market by the end of the forecast period.
Market players have increased their production capacities to satiate the growing demand for these additives. They are strengthening their market presence in the agriculture-based growing economies to benefit from the escalating demand in these regions. Market participants are leveraging the advancements in formulation science to develop more advanced and effective products. They are using innovative surfactant and coating technology to enhance the safety of their products. Established players profiled in the global market include DuPont, Evonik Nutrition & Care GmbH, China National Agrochemical Co., Ltd., Aceto Corporation., Clariant, AkzoNobel N.V., and Harcros Chemicals Inc.