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Agrochemical Additives Market Trends

Report ID: GMI7513
Published Date: Aug 2024
Report Format: PDF

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Agrochemical Additives Market Trends

Precision agriculture is a key trend influencing the market. The integration of advanced technologies, such as precision farming techniques and digital agriculture tools, has created a demand for agrochemical additives that enhance the precision and targeted delivery of pesticides and fertilizers. This trend is in response to the need for optimized resource utilization, cost efficiency, and reduced environmental impact. Furthermore, the agrochemical additives industry is witnessing innovations in nanotechnology, with nano-sized additives being explored for their potential to improve the efficiency and bioavailability of agrochemicals. Nanotechnology offers solutions for controlled release, increased absorption, and reduced environmental impact, contributing to more sustainable agricultural practices.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market size for agrochemical additives was valued at USD 1.77 billion in 2023 and is set to grow at a 4.7% CAGR from 2024 to 2032, driven by rising demand for improved crop protection and yield optimization.

Global agrochemical additives market from the adjuvants segment will register a 4.3% CAGR through 2032, driven by their critical role in enhancing pesticide and herbicide performance through improved adherence, spreading, and absorption on plant surfaces.

Asia Pacific market will exhibit a 4.2% CAGR from 2024 to 2032, fueled by the rapidly increasing population and the resulting higher demand for agricultural productivity.

ADAMA, BASF, Bayer Crop Science, Corteva, Dow AgroSciences, FMC, Helm AG, Huntsman Corporation, Jiangsu FMC, Lanxess, Nufarm, Solvay, Sumitomo Chemical, Syngenta Crop Protection, and UPL.