Global Agricultural Adjuvants Market Predicted to Generate Over $5,000.0 Million Revenue by 2030

 In 2019, the global agricultural adjuvants market generated a revenue of $3,106.7 million and it is predicted to exhibit a CAGR of 5.5% between 2020 and 2030. Furthermore, the market is predicted to attain a value of $5,485.1 million by 2030. The factors fueling the progress of the market are the surging investments being made in the agriculture sector, the ballooning requirement for agrochemicals, and the increasing demand for food products across the world.

With the soaring population levels in several countries, the demand for food products is skyrocketing. This is subsequently causing a sharp surge in the demand for higher crop yield. According to the United Nations Department of Economic and Social Affairs’ (UNDESA) Population Division, the global population is expected to rise from 7.6 billion to almost 9.8 billion from 2017 to 2050, demonstrating a growth rate of 30.9% over the next 33 years.

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The additional population of approximately 2.2 billion will boost the demand for cash crops, food crops, and horticulture crops in the upcoming years. Due to this reason, farmers will have to massively enhance the agricultural yield and farm productivity in the forthcoming years, which can only be achieved by incorporating advanced agricultural techniques and agrochemicals such as pesticides, herbicides, and insecticides in agriculture. This way the surging global population is propelling the advancement of the agricultural adjuvants market.

Another major factor driving the growth of the market is the increasing incorporation of supply chain technologies, novel farming solutions, and farm robotics in agricultural operations across the globe. Moreover, many public and private companies are investing heavily in the research and development of advanced solutions for attaining enhanced crop quality and higher productivity. Based on function, the market is categorized into activator adjuvants and utility adjuvants. The activator adjuvants division will exhibit rapid progress in the coming years.