The worldwide population has been rising at a swift pace since the past few years. As per the United Nations Department of Economic and Social Affairs, in 2017, the global population reached 7.6 billion and is projected to grow by 30.9% in the next 33 years, reaching 9.8 billion by 2050. Attributed to this, the demand for food products across the globe is also growing widely. Farmers are looking for ways to increase agricultural yield to cater to the needs of the growing population.

 

Owing to this, the global agricultural adjuvants market is predicted to reach a value of $5,485.1 million by 2030, increasing from $3,106.7 million in 2019, progressing at a 5.5% CAGR during the forecast period (2020–2030). Agricultural adjuvants enhance the efficiency of fungicides, insecticides, and herbicides, and further aid in removing unwanted pests and preventing plan diseases. These products are important for increasing the productivity on agricultural fields.

These days, the demand for eco-friendly agricultural adjuvants has also been growing owing to the surging concerns regarding the deteriorating condition of the environment. Traditionally derived adjuvants are derived from sources that cause harm to the environment. The phytotoxic nature of agrochemicals is a also a potential threats to the food chain, which is why manufacturers are now focusing on developing environment-friendly adjuvants. This is predicted to result in the growth of the market in the years to come.