The Latin America Agricultural Adjuvants Market was worth $0.19 billion in 2016 and estimated to be growing at a CAGR of 5.11%, to reach $0.25 billion by 2021.
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The Agricultural Adjuvants market is projected to be one of the most vital segments of agro-inputs due to the growing commercial farming of high value crops to meet the mounting food demand.
Agricultural Adjuvants increase the return on investment and also assist in meeting farmer’s as well as purchaser demands, from the economical and health perspective with growing per hectare production of quality agricultural crops.
The growth of the Latin America Agricultural adjuvants market is majorly due to factors such as growing awareness among farmers regarding agricultural adjuvants, growing population, and increasing incidences of pests.
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However, new methods such as bio-farming and organic pesticides pose a threat to the growth of the market in this region.
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The Latin America Agricultural Adjuvants market is segmented based on Application, Type, and Crop Type. The market for Agricultural Adjuvants, on the basis of Application, is classified into Insecticides, Herbicides, Fungicides, and Others.
Herbicides lead the market for Agricultural Adjuvants on the basis of application and are also growing at the highest CAGR during the forecast period. On the basis of Type, the Agricultural Adjuvants market is segmented into Activator Adjuvants and Utility Adjuvants.
Activator Adjuvants are further segmented into Surfactants and Oil Adjuvants, whereas Utility Adjuvants are further classified into Drift Control Agents, Antifoam Agents, Compatibility Agents, Acidifiers, Water Conditioners, and Others. Activator adjuvants lead the agricultural adjuvants market and are also growing at the highest CAGR during the forecast period.
On the basis of Crop Type, the Agricultural Adjuvants market is segmented into Fruits & Vegetables, Cereals & Oilseeds, and Others. Cereals & Oilseeds lead the market on the basis of application and this trend is anticipated to remain during the forecast period.
Latin America market region includes countries such as Brazil, Argentina, Mexico and remaining countries of South America. Growing adoption of precision farming in Argentina and Brazil is anticipated to drive the Latin American market growth during the forecast period.
High production of sugarcane and corn in South America is another key factor driving the growth of the market in the region.
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The major companies dominating the Agricultural Adjuvants market in this region are Akzonoble N.V., Adjuvant plus Inc., Clariant International Ltd., Solvay SA, Helena Chemical Company, and Tanatex Chemicals.
Scope of the report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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