COVID-19 IMPACT ANALYSIS ON GLOBAL PESTICIDE ADJUVANT MARKET

The novel Coronavirus (COVID-19) pandemic has rapidly spread
across the world, adversely affecting the lives of millions across the globe.
The complete shutdown of all economic activities except essential services
created an economic crisis with massive job losses and rising food insecurity
also this outbreak has affected significant elements of both food supply and
demand. The COVID-19 pandemic disturbed the economies across the globe as well
as adversely affected the development of different enterprises like
health-sector, manufacturing, agriculture, and others. Due to the inconvenience
of the lockdown by the Government to restrict the spread of the infection. This crisis has disturbed chemical
manufacturing units as in many countries agriculture adjuvant's development
rates have been lowered. On a global level, the businesses observed major
impacts on their international market as Government has shut down national and
international import and export activities to stop coronavirus spread. In 2020,
due to the disturbance in logistics and transportation, a huge slowdown in
sales of agriculture crop protection chemicals was observed. However, any
marketers are focusing on fulfilling the demand of fertilizers, pesticide and
adjuvants.

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MARKET OVERVIEW- GLOBAL PESTICIDE ADJUVANT MARKET

MARKET DRIVERS

Growing crop damage due to insects and other pest is
increasing consumption of pesticides globally. An adjuvant is a substance that
is added to a pesticide or pesticide mixture to enhance the pesticide
performance. To control the pesticide wastage by improving their efficiency to
raise food production pesticide adjuvant demand in raising. Adjuvants help to
change the physical and chemical properties of agrochemicals. Rising
agriculture practices across the globe also growing population rising food
demand is a key reasons for the growing demand in the pesticide adjuvant
market. Another reason driving the pesticide adjuvant market is that the
growing demand for crop protection products has resulted in the development of
crop protection solutions. The adjuvants help to increase the mobility of
agrochemicals and also overcome barriers like the waxy surface of insects,
fungi, and plants adjuvants are added to pesticide spray solutions.

MARKET OPPORTUNITY

Increasing food demand due to the growing population is a
major factor creating opportunities for the adjuvant market. Adjuvants help to
modify the application characteristic and biological activity of pesticides by
changing their chemical and physical properties. They boost the effectiveness
of pesticides by helping them to remove the barrier and it helps pesticides to
stick to the plant surface and spread over the leaves. The adjuvants like
surfactants help to increase the surface contact and reduce the runoff rate and
oil-based adjuvants improve the penetration into the leaf by modifying leaf
surface waxes. The adjuvants provide benefits such as lower viscosity and allow
for easy handling also its lower surface tension and increase spreading on the
foliage and provide great performance in cold weather.

MARKET RESTRAINTS

There are different regulations across various regions for
manufacturing which is a major barrier that creates difficulty for exporters.
Environmental regulation across all countries has increased the cost of
developing new products. Due to the regulation by countries, it takes a long
period to launch any new product in the market. And this is the major problem
for new players to enter in this market.

MARKET GROWTH CHALLENGES

The crop protection market is controlled by regulations
Imposed by various areas on the usage of crop protection chemicals. The
increasing environmental regulation is also expected to have an adverse impact
on the crop protection industry. Companies are facing challenges in the
countries like Germany, and France for the development, registration, and
production of their crop protection products. Growing concerns for
environmental and human health is a major factor challenge faced by companies.

CUMULATIVE GROWTH ANALYSIS

The report provides in-depth analysis of global pesticide
adjuvant market, market size, and compound annual growth rate (CAGR) for the forecast
period of 2022-2028, considering 2021 as the base year. With increasing demand
for various adjuvant in various applications has led the increasing demand for
market and is expected to witness the growth at a specific CAGR from 2022-2028.

MARKET SEGMENTAL OVERVIEW

The global
pesticide adjuvant market is segmented into product type, application, crop
type and geography.

PESTICIDE ADJUVANT MARKET BY PRODUCT TYPE

Based on product types the pesticide adjuvant market is
segmented into surfactants & Emulsifiers, Drift Control Agents, Oil
Concentrates, Compatibility Agent, and Water Conditioners. The surfactants and
emulsifiers segment commanded the largest share of the overall pesticide
adjuvant market. The surfactants reduce surface tension and improve pesticide
uptake by improving pesticide distribution on the leaf surface and the
emulsifying agents promote the suspension of one liquid in another. These adjuvants
may be included in the product formulation by the manufacturer or tank-mixed by
the pesticide applicator. The demand for these adjuvant is high because of its
ability to increasing contact area and rain fastness and reduce surface tension
and increasing solubilization and spray retention.

PESTICIDE ADJUVANT MARKET BY APPLICATION

On the basis, of application pesticide adjuvant market is
segment into fungicide, herbicide and insecticide. The herbicide segment
commanded the largest share in the pesticide adjuvant market. Herbicide are
extensively used pesticide in the agriculture sector and adjuvants are used to
enhance the herbicide activity. The demand for herbicide products is increased
to protect against crop failure due to weeds also to reduce labor cost which
will increase the agriculture production. Adjuvants act as an herbicide
stabilizer or activator by modifying physical spray solution. Furthermore,
increased integrated pest management technologies is boosting the use of
adjuvants in herbicidal crop protection products.

PESTICIDE ADJUVANT MARKET BY CROP TYPE

Pesticide adjuvant market on the basis on crop type
segmented into cereals & grains, oilseeds& pulses, fruits &
vegetables. The cereals & grains segment commanded the largest share in the
pesticide adjuvant market. With a rapidly growing population cereals and grains
cultivation increasing also demand for crop protection chemicals increased to
protect crops from insect pest and diseases. The increased consumption of
cereals and grains such as oats, rice, wheat, barley in various regions is key
factor driving growth for pesticide adjuvant market.

PESTICIDE ADJUVANT MARKET BY GEOGRAPHY

On the basis of Geography, the pesticide adjuvant market is
segmented into, North America, Asia-pacific, Europe, and the rest of the world.
The North-America region segment commanded the largest share in the pesticide
adjuvant market. The growing agricultural activities in the countries such as
the U.S and Canada are key factors that increase demand in this region.
Moreover, the increasing adoption of new agricultural techniques including
precision agriculture, sustainable production system, and increased awareness
of the environmental impact of the crop are major factors increasing the demand
for the pesticide adjuvant market in this region.

COMPETITIVE LANDSCAPE ANALYSIS

The competitive landscape analysis of the pesticide adjuvant
market is certainly based range of market players operating in the agriculture
market. The adjuvant market is highly competitive due to the presence of a
large number of players in the market. The key player offers a wide range of
pesticide adjuvants based on product types, applications, and adjuvants for
different types of crops. The market has major competitive analysis based on
the new product, eco-friendly products, quality, and price. The pla yers
operating in the global pesticide adjuvants market are adopting different
strategies to cater to consumer demand.

The key players studied in the market are BASF SE, Akzo
Nobel N.V., Croda International plc, Huntsman Corporation, Evonik Industries
AG, Nufarm, Solvay S.A., Corteva, Inc., Helena Agri Enterprises LLC, Lonza
Group AG, Stepan Company, Wilbur-Ellis Company, Miller Chemical and Fertilizer,
LLC, Kalo Inc., Innvictis Crop Care, LLC, and Clariant AG. and among others.

RECENT DEVELOPMENTS:

May 2020:
Precision Laboratories launched Precisive, a high-load nonionic surfactant with
built-in deposition aids and drift reduction technology.

April 2020:
Solvay entered into a partnership with Boeing, who is a face shield
manufacturer, wherein the company would supply high-performance, medical-grade
transparent film. The strategy was a response to the rising demands for
personal protective equipment amongst healthcare professionals.

January 2020:
BASF inaugurated its new crop protection facility in Singapore for increasing
its production capacity in the Asia Pacific region. This will cater to the
rising demand of the farmers in the region for quality products for
cultivation.

October 2019:
Nufarm initiated a state of art crop protection segment facility in Greenville,
Mississippi, which will help broaden the companies production in their
facilities in Chicago to North American based platforms.

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