HYDERABAD, India, September 28, 2016 /PRNewswire/ --
Mordor Intelligence announces the release of their report on the global agriculture adjuvants market. The report titled, "Global Agriculture Adjuvants Market - By Type, Application and Geography-Trends and Forecasts," discusses the current landscape and outlook of the market.
The global agricultural adjuvants market expected to project a CAGR of 5.9% during the forecast period 2016-2021. The market, estimated at USD 2760.5 million as of 2016, is projected to reach a value of USD 3556.4 million by 2021.
The agricultural adjuvants market is a fragmented one and is significantly price sensitive as well. Top agricultural giants look towards launching new products into the market, which helps them cater to a wider customer base and in expand their market share.
Activator adjuvants dominate the adjuvants market with around 78% of the market share and are further classified into surfactants and oil adjuvants. Surfactants holds the maximum market share in the agricultural adjuvants market. The major applications of agriculture adjuvants are in herbicides, fungicides, and insecticides. Based on application, herbicides hold the maximum market share, followed by fungicides and insecticides. The agriculture adjuvants industry is concentrated heavily towards industrialized and developed countries. North America and Europe constitute for 62% share of the market.
Our report on agricultural adjuvants is segmented as follows:
- By Type
- Activator Adjuvants
- Utility Adjuvants
- By Application
- Herbicide Adjuvants
- Insecticide Adjuvants
- Fungicide Adjuvants
- By Geography
- North America
- South America
Over the last few years, companies such as Clariant Intenational Lts (Switzerland), Willbur Ellis Company (U.S.) and Bandit Consolidated Inc. (U.S.) have aggressively tried to acquire and expand their business to newer countries. Although these companies claim to reorganize the global agriculture industry with such mergers and acquisitions, they are opposed by congregations who opine that the mergers and acquisitions will lead to a lack of competition in the market; this may cause product prices to increase, thus having an impact on farmers and consumers.
Some of the major players profiled in these reports include: Dow Corning Corp, Adjuvant Plus Inc., Nufarm Ltd, Akzonobel N.V., Lamberti SPA, Croda International PLC among many others.
About Mordor Intelligence:
Mordor Intelligence is a global market research and consulting firm. Our focus is to provide research insights to facilitate business success. Our research expertise covers niche segments under Agriculture, Healthcare, ICT, Chemicals, Manufacturing, Logistics, Electronics and Automotive, among others. We believe in data, and we provide solutions through it. Optimum solutions and goal-oriented strategies define our endeavors and make us the preferred choice for clients.
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SOURCE Mordor Intelligence