According to the World Population Prospects 2019, by the United Nations, the global population is likely to grow from 7.7 billion in 2019 to 9.7 billion by 2050. The surging population will create additional demand for food crops, cash crops, and horticulture crops in the coming years. The rising need for these crops will amplify the usage of adjuvants in the agricultural sector, as these agrochemicals help in enhancing productivity. This will, therefore, aid the agricultural adjuvants market to grow from $3,106.7 million in 2019 to $5,485.1 million by 2030, registering a CAGR of 5.5% during 2020–2030.
Currently, the agriculture sector is shifting from chemically synthesized adjuvants to environment-friendly alternatives. The conventional adjuvants are harmful to the environment, as they are chemically synthesized from derivatives of harmful substances, such as amines, alkoxylates, organosilicones, and sulfonates. A majority of the these adjuvants are identified as phytotoxic, which is a potential threat to the food chain, owing to which adjuvants manufacturers are focusing on the production of biodegradable, environment-friendly adjuvants. For example, in February 2018, Evonik Industries AG introduced two new sustainable adjuvants, namely BREAK-THRU SP 133 and BREAK-THRU SP 131.
Categories under the application segment of the agricultural adjuvants market include herbicides, fungicides, and herbicides. Among these, the herbicides category held the largest market share in 2019 and it is expected to maintain this trend in the forecast years as well. This is because the usage of adjuvants-based herbicides in the agricultural sector envisages huge economic befits and incentives to agricultural installations and farmlands. Owing to these advantages, such herbicides are being increasingly used in farmlands to preserve crops.
According to P&S Intelligence, North America consumed the highest volume of agricultural adjuvants in the past and it is expected to maintain this trend in the coming years as well. This is ascribed to the presence of local manufacturers, availability of a wide range of products, and government support to adjuvant manufacturing companies and related agrochemical firms. Moreover, customer appreciation policies of these companies are also steering the adoption of agricultural adjuvants in the region.
Whereas, the Asia-Pacific agricultural adjuvants market is expected to witness the fastest growth during the forecast period. This will be due to the increasing usage of these agrochemicals in India and China, owing to their vast population base, which requires agricultural products in abundance. For instance, India and China are expected to add around 2.3 billion people to the world population by 2050. Moreover, the surging nutritional requirements in the region will also drive the demand for agricultural adjuvants in the foreseeable future.
Thus, the booming global population and the soaring agricultural investments will boost the usage of adjuvants in farmlands and agricultural installations in the coming years.
According to a recent report by Fact.MR, the kenaf seed oil market is estimated to continue its bullish run during the 2019-2027 period with global sales poised to surpass 27,000 tons in 2019.
The healthy growth of the market can be attributed to the increasing demand for kenaf seed oil in an assortment of industries such as pharmaceutical, lubricants, food and beverages, cosmetics, personal care, and biofuel.The study finds that end-users are becoming increasingly aware of the growing demand for kenaf fibers and its derivatives in an array of industries such as paper, construction, textile, furniture, and biofuel.
The short harvest time of three to five months makes kenaf a potential alternative to hemp, jute, and flax which can fulfill the demand for natural raw-material in industries while overcoming the problem of deforestation.
With sustainability gaining traction in different industries, the demand for kenaf is estimated to rise in the foreseeable future.
Consequently, governments around the world are promoting the development of a commercial kenaf value chain.
The focus on the development of profitable kenaf value chains is expected to aid in the production of kenaf seed required for the production of kenaf seed oil.
Report on World Agriculture Utility Adjuvants Market by Product Type, Market, Players and Regions-Forecast to 2025 by DecisionDatabases.comAgriculture Utility Adjuvants market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving revenue growth and profitability.The industry report lists the leading competitors and provides the insights strategic industry analysis of the key factors influencing the market.The report includes the forecasts, analysis and discussion of important industry trends, market size, market share estimates and profiles of the leading industry players.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/47115-world-agriculture-utility-adjuvants-market-reportThe players mentioned in our reportAkzonobel N.V.Croda International PLCEvonik Industries AGHelena Chemical CompanyHuntsman Corp.Nufarm Ltd.Solvay SATanatex Chemicals B.V.Wilbur-Ellis CompanyDow Corning Corp.Global Agriculture Utility Adjuvants Market: Product Segment AnalysisCompatibility AgentsBuffers/AcidifiersAntifoam AgentsWater ConditionersDrift Control AgentsOthersGlobal Agriculture Utility Adjuvants Market: Application Segment AnalysisHerbicide Adjuvants MarketInsecticide Adjuvants MarketFungicide Adjuvants MarketOther Agricultural Adjuvants MarketGlobal Agriculture Utility Adjuvants Market: Regional Segment AnalysisUSAEuropeSEAChinaIndiaDownload Free Sample Report of World Agriculture Utility Adjuvants Market @ https://www.decisiondatabases.com/contact/download-sample-47115 There are 10 Chapters to deeply display the World Agriculture Utility Adjuvants market.Chapter 1 About the Agriculture Utility Adjuvants IndustryChapter 2 World Market Competition LandscapeChapter 3 World Agriculture Utility Adjuvants Market shareChapter 4 Supply ChainChapter 5 Company ProfilesChapter 6 Globalisation & TradeChapter 7 Distributors and CustomersChapter 8 Import, Export, Consumption and Consumption Value by Major CountriesChapter 9 World Agriculture Utility Adjuvants Market Forecast through 2025Chapter 10 Key success factors and Market OverviewPurchase the complete World Agriculture Utility Adjuvants Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-47115Other Reports by DecisionDatabases.com:World Advanced Batteries for Utility-Scale Energy Storage Market Research Report 2022 (covering USA, Europe, China, Japan, India, South East Asia and etc)About-Us:DecisionDatabases.com is a global business research report provider, enriching decision makers and strategists with qualitative statistics.
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With the expansion of the manufacturing and construction industries, on account of the implementation of various government initiatives such as Make in India and the launch of outreach programs for micro, small, and medium enterprises (MSMEs), the demand for gensets is surging sharply in India.
Moreover, the government is making huge investments in the development of industrial corridors and providing financial incentives, which are also contributing heavily toward the surge in the manufacturing industry.This is, in turn, pushing up the requirement for gensets, owing to their ability to meet the captive, uninterrupted, and centralized power supply needs of the industry.
Additionally, with the establishment of new facilities, the demand for gensets is predicted to rise even more, as they will be required for supply continuous power in these facilities.
Just like the manufacturing industry, the construction industry in the country is also booming, owing to the soaring investments being made by various public and private players, development of urban housing infrastructure, and construction of commercial installations such as logistics centers and telecom towers.As work is conducted 24*7 at construction sites, gensets are used extensively at these sites.
Because of this reason, the increasing construction activities are predicted to propel the Indian gensets market at a CAGR of 6.8% between 2020 and 2030 (forecast period).
Furthermore, the value of the market will surge from $554.5 million in 2019 to $855.1 million by 2030, as per the estimates of the market research company, P Intelligence.Thus, the sales of gensets will soar rapidly in India in the coming years, mainly because of the expansion of the manufacturing and construction industries, on account of the enactment of supportive government policies, and rising requirement for backup power in various commercial facilities and residential houses in the country.
