The North American Agricultural Adjuvants are expected to register a CAGR of 5.5% during the forecast period. The growth in the North American Agricultural Adjuvants market is a result of the region being the high consumer of agrochemicals, which are mostly for adjuvants purpose. However, due to stringent policies in the region on the use of agrochemicals, controlled by EPA and USDA as well as an increasing trend towards the utilization of organic chemicals in agriculture in the future will inhibit the growth of agriculture adjuvant market. For instance, The U.S. dominates the North American market with a major share whereas Canada is the fastest-growing country in the North American Agricultural Adjuvants market.
Key Market Trends
Activator Adjuvants are fastest growing segment
The activator adjuvants segment is the largest in the agricultural adjuvants market during the forecast period. Activator adjuvants are the most widely used agricultural adjuvants, owing to the high use of surfactants which is used for various pesticide formulations. Most herbicides are also mixed with surfactants to improve their spraying characteristics.
The activator adjuvant usage will lead to the reduction of spray solution surface tension to increase the contact surface area, increased spray retention, and protection of the herbicides in the spray solution.
Increasing Demand of Pesticides and Agriculture Chemicals
The growth in the North American Agricultural Adjuvants market is a result of the region being the high consumer of agrochemicals, which are mostly used through adjuvants. The increasing need for agricultural productivity is encouraging the application of chemicals which in turn boosts the demand for the adjuvants.
The revenue in pesticides and agricultural chemicals has been constantly increasing which further shows positive growth of pesticides which in turn will drive the North America Agriculture Adjuvant market during the forecast period.
The North America Adjuvant Market is fragmented with local players occupying maximum share of the market. Key players in the market are focused on new product launch to cater to a wider consumer base and expand market share. Investment in research and development of effective products is another strategy adopted by market leaders to capture the market.
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