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.

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.