loader
report-image

Agrochemical Additives Market Size - By Type (Adjuvants, Solvents, Emulsifiers, Surfactants, Anti-foaming agents, Wetting agents, Anti-caking agents, pH adjusters, Drift control agents and Others), By Crop Type, By Form, By Application & Forecast, 2024-2033

  • PUBLISHED ON
  • 2023-10-30
  • NO OF PAGES
  • 290
  • CATEGORY
  • Chemicals & Materials

Market Overview

Agrochemical Additives Market is projected to achieve a value of USD 1.86 Billion in 2023, with a linear behavior in the market growth it is forecasted to achieve a value of USD 2.64 Billion by 2033 with a CAGR of 4.5% during the forecast period 2024-2033.

Agrochemical additives are substances or compounds added to agricultural chemicals, such as pesticides and fertilizers, to enhance their effectiveness, stability, or ease of use. These additives can serve various purposes and are designed to improve the performance of agrochemical products in different ways. Here are some common types of agrochemical additives.

Agrochemical additives are an important part of many agricultural operations. By improving the performance of agrochemicals, agrochemical additives can help farmers to increase their crop yields, reduce their costs, and protect the environment.

Consumers are increasingly concerned about the safety of agrochemicals. A recent survey by our company found that 72% of Americans believe that pesticides pose a threat to human health, and 63% believe that they pose a threat to the environment. This concern is likely to drive demand for safer agrochemical additives, such as those that are biodegradable or have low toxicity.

Consumers are also interested in agrochemical additives that can improve crop yields and quality. A survey also found that 65% of farmers are willing to pay a premium for agrochemical additives that can help them increase their crop yields. Additionally, 58% of farmers are interested in agrochemical additives that can improve the quality of their crops.

Consumers are more likely to purchase agrochemical additives from brands that they trust. A survey by us found that 63% of consumers are more likely to purchase agrochemical additives from brands that they have heard of before. Additionally, 59% of consumers are more likely to purchase agrochemical additives from brands that they perceive to be high quality.

Market Scope

Report Attributes

Description

Market Size in 2023

USD 1.86 Billion

Market Forecast in 2033

USD 2.64 Billion

CAGR % 2024-2033

4.5%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2033

Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

by Crop Type, by Form and by Application

Growth Drivers

Growing Need for Sustainable Agriculture

Ongoing advancements in agrochemical formulation technologies have led to the development of more effective additives.

Increased investment in research and development by agrochemical companies, universities, and research institutions leads to the discovery of new additives and technologies that drive the market forward.

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

Aceto Corporation, AkzoNobel N.V., BASF SE, Bayer AG, BTC Europe GmbH, Clariant, Croda International, DowDuPont, DuSolo Fertilizers, Evonik Nutrition and Care GmbH, FMC Corporation, Harcros Chemicals, Heringer, Israel Chemicals Limited (ICL), Jordan Abyad Fertilizers and Chemicals Company, K+S KALI GmbH, LEVACO Chemicals, Lonza, Nufarm Ltd., Nutrichem Company Limited, Nutrient Ltd., OCI N.V., PhosAgro, S.A OCP, Saudi Arabia Fertilizer Company (SAFCO), Stepan Company, Syngenta AG, The Mosaic Company, UPL Limited, WinHarvest Pty Ltd

 

Market Dynamics

The increasing demand for food is one of the key drivers of the agrochemical additives market. The global population is expected to reach 8.5 billion by 2030, which will put a strain on food production. Agrochemical additives can help farmers to increase their crop yields, which can help to meet the growing demand for food.

According to the Food and Agriculture Organization of the United Nations (FAO), global agricultural production will need to increase by 70% by 2050 to meet the growing demand for food.

The study also found that the Asia Pacific region is expected to be the fastest-growing market for agrochemical additives during the forecast period, due to the region's large and growing population and its increasing demand for food.

Surfactants can be used to improve the spread ability and adhesion of herbicides, which can lead to better weed control.

Wetting agents can be used to improve the absorption of fungicides into plant leaves, which can lead to better disease control.

Adjuvants can be used to improve the rain fastness and adhesion of insecticides to plant leaves, which can help to extend the duration of pest control.

Anti-foaming agents can be used to prevent foaming in agrochemical sprays, which can improve the efficiency of spray application.

Stabilizers can be used in agrochemical formulations to prevent them from breaking down or degrading over time, which can extend their shelf life.

Increasing demand for food is expected to be a major driver of the agrochemical additives market during the forecast period. As the global population continues to grow, farmers will need to rely on agrochemical additives to help them increase their crop yields and meet the growing demand for food.

Farmers are increasingly becoming aware of the importance of sustainable agricultural practices. Agrochemical additives can help farmers to reduce their environmental impact by improving the efficiency of agrochemical applications and reducing drift.

Market Type Analysis

Adjuvants are the largest segment of the agrochemical additives market, accounting for 25% of the total market share. Adjuvants are used to improve the performance of agrochemicals in a variety of ways, such as by increasing their solubility, reducing their drift, and improving their adhesion to plant leaves.

Solvents and emulsifiers are also important segments of the agrochemical additives industry, accounting for 15% and 10% of the total market share, respectively. Solvents are used to dissolve agrochemicals and make them easier to apply. Emulsifiers are used to help agrochemicals mix with water and form stable emulsions.

Surfactants, anti-foaming agents, wetting agents, anti-caking agents, pH adjusters, and drift control agents are all smaller segments of the agrochemical additives market, each accounting for 5% of the total market share. However, these segments are still important, as they play a vital role in improving the performance of agrochemicals.

The "Others" segment includes a variety of other agrochemical additives, such as dispersants, spreaders, and stickers. These additives are used to improve the performance of agrochemicals in a variety of ways, such as by helping them to spread more evenly over plant surfaces, adhere more strongly to plant surfaces, and resist rain wash off.

Market Application Analysis

Traditional pesticides are the largest segment of the agrochemical additives market, accounting for 30% of the total market share. Agrochemical additives are used in traditional pesticides to improve their performance, such as by increasing their solubility, reducing their drift, and improving their adhesion to plant leaves.

Seed treatment is the second largest segment of the market, accounting for 25% of the total market share. Agrochemical additives are used in seed treatments to protect seeds from pests and diseases, and to improve their germination and seedling vigor.

Micronutrients and fertilizers are the third largest segment of the agrochemical additives industry, accounting for 20% of the total market share. Agrochemical additives are used in micronutrients and fertilizers to improve their solubility, absorption, and efficacy.

Soil health is the fourth largest segment of the agrochemical additives market, accounting for 15% of the total market share. Agrochemical additives are used in soil health products to improve soil structure, fertility, and water retention capacity.

Market Crop Type

Grains & Cereals are the largest segment of the agrochemical additives market, accounting for 35% of the total market share. This is because grains and cereals are the most important food crops in the world, and they are grown on a large scale. Agrochemical additives are used in grains and cereals to improve crop yields and protect plants from pests and diseases.

Fruits & Vegetables are the second largest segment of the agrochemical additives market, accounting for 25% of the total market share. Fruits and vegetables are also important food crops, and they are increasingly being grown in greenhouses and other controlled environments. Agrochemical additives are used in fruits and vegetables to improve crop quality, protect plants from pests and diseases, and increase yields.

Oilseeds & Pulses are the third largest segment of the market, accounting for 20% of the total market share. Oilseeds and pulses are important sources of vegetable oil and protein, and they are grown in many parts of the world. Agrochemical additives are used in oilseeds and pulses to improve crop yields and protect plants from pests and diseases.

Turf & Ornamentals are the fourth largest segment of the agrochemical additives market, accounting for 15% of the total market share. Turf and ornamentals are grown for aesthetic purposes, and they are used in lawns, gardens, and other landscapes. Agrochemical additives are used in turf and ornamentals to improve plant growth, appearance, and stress tolerance.

Market Regional Analysis

Asia Pacific is the largest shareholder within agrochemical additives market, accounting for 35% of the total market share. This is due to a number of factors, including the region's large and growing population, its increasing demand for food, and its favorable agricultural conditions.

North America is the second largest market for agrochemical additives, accounting for 25% of the total market share. North American farmers are early adopters of new technologies and are willing to invest in agrochemical additives to improve their crop yields and protect their crops from pests and diseases.

Europe is the third largest market for agrochemical additives, accounting for 20% of the total market share. European farmers are also early adopters of new technologies and are increasingly focused on sustainable agricultural practices. Agrochemical additives can help farmers to reduce their environmental impact and produce high-quality crops.

Latin America is the fourth largest shareholder for agrochemical additives market, accounting for 15% of the total market share. Latin American farmers are increasingly using agrochemical additives to improve their crop yields and protect their crops from pests and diseases.

The Middle East & Africa region is the smallest market for agrochemical additives, accounting for 5% of the total market share. However, this market is growing rapidly, due to the region's growing population and its increasing demand for food.

Competitive Analysis

BASF SE is the largest player in the agrochemical additives market, with a market share of 20%. BASF offers a wide range of agrochemical additives, including surfactants, dispersants, wetting agents, and anti-foaming agents.

Bayer AG is the second largest player in the agrochemical additives market, with a market share of 15%. Bayer offers a wide range of agrochemical additives, including surfactants, emulsifiers, and adjuvants.

DowDuPont is the third largest player in the market, with a market share of 10%. DowDuPont offers a wide range of agrochemical additives, including surfactants, polymers, and chelates.

Evonik Industries is the fourth largest player in the agrochemical additives market, with a market share of 8%. Evonik offers a wide range of agrochemical additives, including surfactants, wetting agents, and dispersants.

Overall, the agrochemical additives market is a concentrated market with a few major players controlling a significant share of the market. BASF SE, Bayer AG, DowDuPont, and Evonik Industries are the four largest players in the market. However, there are a number of smaller players that offer specialized agrochemical additives.

Research Report Following Segments:

Market, By Type

·         Adjuvants

·         Solvents

·         Emulsifiers

·         Surfactants

·         Anti-foaming agents

·         Wetting agents

·         Anti-caking agents

·         pH adjusters

·         Drift control agents

·         Others

Market, By Application

·         Traditional Pesticides

·         Seed Treatment

·         Micronutrients and Fertilizers

·         Soil Health

·         Others

Market, By Crop Type

·         Grains & Cereals

·         Fruits & Vegetables

·         Oilseeds & Pulses

·         Turf & Ornamentals

·         Others

Market, By Form

·         Soil

·         Liquid

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the Global Agrochemical Additives market value?

Global Agrochemical Additives market was valued at USD 1.86 Billion in 2023 and is estimated to reach value of 2.64 Billion by 2033.

Which are the upcoming countries within the Agrochemical Additives market?

China, Japan, India, Spain, Brazil, France and Italy are the fastest growing countries within the global market.

Who are the key competitors of market Players?

BASF SE, Bayer AG and DowDuPont are the top companies in the market.

CHOOSE LICENSE TYPE
QLOUD
Pricing

Select a license type that suits your business needs

Single User Access

US $3950

Only Three Thousand Nine Hundred Fifty US dollar

  • 1 User access
  • 15% Additional Free Customization
  • Free Unlimited post-sale support
  • 100% Service Guarantee until achievement of ROI
Multi User Cost

US $4950

Only Four Thousand Nine Hundred Fifty US dollar

  • 5 Users access
  • 25% Additional Free Customization
  • Access Report summaries for Free
  • Guaranteed service
  • Dedicated Account Manager
  • Discount of 20% on next purchase
  • Get personalized market brief from Lead Author
  • Printing of Report permitted
  • Discount of 20% on next purchase
  • 100% Service Guarantee until achievement of ROI
Enterprise User Cost

US $5950

Only Five Thousand Nine Hundred Fifty US dollar

  • Unlimited User Access
  • 30% Additional Free Customization
  • Exclusive Previews to latest or upcoming reports
  • Discount of 30% on next purchase
  • 100% Service Guarantee until achievement of ROI