Views: 0 Author: Site Editor Publish Time: 2021-01-24 Origin: Site
According to the latest market research report released by MarketsandMarkets, the global agricultural additives market forecast in 2026-by function (activator and utility), application (herbicide, pesticide and fungicide), formulation (suspending agent and emulsifiable concentrate), adoption stage , Crop Types and Regions", the market value of agricultural additives in 2019 will reach 3.3 billion U.S. dollars, and is expected to grow at a compound annual growth rate of 5.3%, reaching 4.7 billion U.S. dollars by 2026. Factors such as rising demand for improved crop varieties will promote the growth of the agricultural aid market.
Surfactants are mixed with pesticides, especially herbicides, to enhance the adhesion of droplets. The surfactant market occupies the largest share of the global agricultural additives market. In addition, among the products provided by major players in the industry, products using non-ionic surfactants are more compatible with pesticides. Due to these factors, its market is expected to grow significantly.
From 2019 to 2026, the agricultural additives market in the Asia-Pacific region is expected to grow at the highest compound annual growth rate. This is because major players in countries such as China, India and Thailand will increase investment, and crop growers are increasingly using additives when applying pesticides. The Asia-Pacific market is expected to record the highest growth rate between 2019 and 2026.