Agricultural Activator Adjuvants Market Thrives Amidst Evolving Farming Practices and Environmental Concerns
Agricultural Activator Adjuvants Market Thrives Amidst Evolving Farming Practices and Environmental Concerns Yahoo Finance
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Global Agricultural Activator Adjuvants Market to Reach USD 3.5 Billion by 2028
Introduction
The Agricultural Activator Adjuvants Market refers to the industry involved in the production, distribution, and utilization of adjuvants in agriculture. Adjuvants are substances or chemicals added to pesticides, herbicides, and other agrochemicals to enhance their performance and effectiveness. These adjuvants are vital tools for modern agriculture, as they help improve the efficacy of crop protection products, reduce application rates, and minimize the environmental impact of farming practices.
Market Size and Growth
The agricultural activator adjuvants market is estimated at USD 2.6 billion in 2023 and is projected to reach USD 3.5 billion by 2028, at a CAGR of 6.0% from 2023 to 2028. The adoption of agricultural activator adjuvants is highest in developed countries such as the United States, Canada, and Western Europe.
Market Scope
- Market Size Value in 2023: US$2.6 billion
- Revenue Forecast in 2028: US$3.5 billion
- Growth Rate: CAGR of 6.0% from 2023 to 2028
- Forecast period considered: 2023-2028
- Market Drivers: Increase in demand for green solutions
- Market Opportunities: Development of low-impact formulations of oil-based adjuvants
Top Manufacturers in the Market
List of Top Companies Operating in the Agricultural Activator Adjuvants Industry Worldwide:
Agricultural Activator Adjuvants Industry Report (321 Pages PDF with Insightful Charts, Tables, and Figures): https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=55925284
Segment with Highest Growth Rate
The oil-based adjuvants segment is expected to grow at the highest CAGR during the forecast period. Oil-based adjuvants help improve the efficacy of pesticides and herbicides, leading to increased crop yields. This is particularly important in developing countries where there is a growing need to produce more food to feed a growing population.
Impact on Cereals and Grains
The cereals and grains segment by crop type emerged as a driving force in the agricultural activator adjuvants market. Cereals and grains are the most widely grown crops in the world and are crucial for food security. Adjuvants help reduce the number of pesticides needed for pest control in cereals and grains, while also improving the overall health and vigor of plants.
Driving Factors of the Market
- Technological Advancements: Advances in agricultural technology drive the need for specialized adjuvants.
- Environmental Concerns: Growing awareness of environmental issues leads to increased demand for eco-friendly adjuvants.
- Regulations and Compliance: Stringent government regulations and guidelines affect the market.
- Crop Protection Needs: The prevalence of pests, diseases, and weeds influences the demand for adjuvants.
- Crop Types and Farming Practices: Different crops and farming methods require specific types of adjuvants.
Growth Rate in Brazil
Brazil is anticipated to be the dominant market due to its large agricultural sector. The adoption of precision farming practices in Brazil drives the need for adjuvants to ensure effective application of crop protection chemicals. Leading players in Brazil include BASF SE, Bayer, Wilbur-Ellis, Dow, and Syngenta.
Conclusion
The global agricultural activator adjuvants market is projected to reach USD 3.5 billion by 2028, with the oil-based adjuvants segment and cereals and grains crop type driving the growth. Technological advancements, environmental concerns, regulations, and crop protection needs are key factors influencing the market. Brazil is expected to witness the highest growth rate in the market.
SDGs, Targets, and Indicators
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 2: Zero Hunger
- SDG 12: Responsible Consumption and Production
- SDG 15: Life on Land
2. What specific targets under those SDGs can be identified based on the article’s content?
- SDG 2.4: By 2030, ensure sustainable food production systems and implement resilient agricultural practices that increase productivity and production, that help maintain ecosystems, that strengthen capacity for adaptation to climate change, extreme weather, drought, flooding, and other disasters, and that progressively improve land and soil quality.
- SDG 12.4: By 2020, achieve the environmentally sound management of chemicals and all wastes throughout their life cycle, in accordance with agreed international frameworks, and significantly reduce their release to air, water, and soil in order to minimize their adverse impacts on human health and the environment.
- SDG 15.1: By 2020, ensure the conservation, restoration, and sustainable use of terrestrial and inland freshwater ecosystems and their services, in particular forests, wetlands, mountains, and drylands, in line with obligations under international agreements.
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
- Market Size Value in 2023: This indicator can be used to measure progress towards SDG 2.4 by assessing the growth of the agricultural activator adjuvants market, which indicates the adoption of sustainable agricultural practices.
- Growth Rate: The CAGR of 6.0% from 2023 to 2028 can be used as an indicator to measure progress towards SDG 2.4 by evaluating the increase in productivity and production in the agricultural sector.
- Market Drivers: The increase in demand for green solutions and the development of low-impact formulations of oil-based adjuvants can be used as indicators to measure progress towards SDG 12.4 by assessing the adoption of environmentally sound practices in the agricultural sector.
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 2: Zero Hunger | 2.4: By 2030, ensure sustainable food production systems and implement resilient agricultural practices that increase productivity and production, that help maintain ecosystems, that strengthen capacity for adaptation to climate change, extreme weather, drought, flooding, and other disasters, and that progressively improve land and soil quality. |
|
| SDG 12: Responsible Consumption and Production | 12.4: By 2020, achieve the environmentally sound management of chemicals and all wastes throughout their life cycle, in accordance with agreed international frameworks, and significantly reduce their release to air, water, and soil in order to minimize their adverse impacts on human health and the environment. |
|
| SDG 15: Life on Land | 15.1: By 2020, ensure the conservation, restoration, and sustainable use of terrestrial and inland freshwater ecosystems and their services, in particular forests, wetlands, mountains, and drylands, in line with obligations under international agreements. |
|
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: finance.yahoo.com
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