Agricultural adjuvants are chemicals that are used to improve and enhance the efficiency of fungicides, herbicides, insecticides, fungicides, and other harmful agents. It is used as an effective agent to drive away harmful pests and diseases in plants. Agricultural adjuvants are the additives that bring about changes in few properties of the spray solution. This helps improve the ability of the pesticide and facilitates its easy penetration. This also enhances the property of the pesticide to protect the target organism effectively. (Source: Global Agricultural Adjuvants Procurement Market Intelligence Report)
Agricultural Adjuvants Key Markets
The growing need and demand for protecting crops and to minimize crop loss issues arising due to disease are the major driving factors behind the global market of agricultural adjuvants. The need for agricultural adjuvants is also felt due to the declining condition of arable land caused by the inferior quality of agro-chemicals. Some of the essential ingredients for effective crop production are emulsifiers, oils, surfactants, and salts. These ingredients play a very crucial role in further uplifting the market growth of agricultural adjuvants. Countries like India and Russia are focused on the growth of agriculture and that is why these countries are the key markets for agricultural adjuvants. Also, North America, Italy, France, Japan, China are some of the other countries that are pulling demands for this agent.
Variations in certain natural, economic, and political factors contribute to the volatility of the prices of agricultural adjuvants. It has been rising since 2016 and therefore, is a major issue of concern for farmers. To enhance the efficiency and demand of agricultural adjuvants, there is a continuous investment in R&D of this agent from key global and regional suppliers. Environmental concern is another major issue affecting the prices of agricultural adjuvants. These factors are leading to unstable demand as well as the price of agriculture adjuvants.
TransPhloem technology is a newly adopted innovation in agriculture adjuvants that is very helpful in accelerating pesticides and other active nutrients through the roots of the plants. This technology is proving to be a boon for the market because it is helping in translocating sufficient amount of herbicides to the roots of the plants. This helps in killing the weeds both during and before the burnout of the plantation season. TransPholem also fastens the process of transferring herbicides from leaf surface to plants’ petiole.
Procurement best practices
To explore cost-saving opportunities, there is a need for agricultural adjuvants suppliers to increase their investment in procurement strategies. To avoid the bottleneck risks for the smooth functioning of the whole chain of supply, buyers are expected to adopt bottleneck management practices. There is a need for buyers to indulge themselves in long-term relationships with the suppliers for a good return on investment. This will also boost their partnership. This can further help in adopting sustainable practices and can, therefore, reduce the overall operating costs of buyers.
Get more insights on the market outlook of the global adjuvants market along with pricing insights, market innovations, supply market insights, and procurement best practices in SpendEdge’s procurement report on the agricultural adjuvants market.