Agricoltura
Agricultural Adjuvants Market Size Worth $4.8 Billion By 2028: Grand View Research, Inc.
Agricultural adjuvants manufacturing companies are majorly focusing on the development of sustainable and environmentally friendly products. For instance, in 2017, Solvay launched AgRHO S-Boost. This product works like a magnet for moisture and nutrients around the seed. AgRHO S-Boost is bio-based, eco-friendly, non-toxic, and biodegradable for both humans and plants while reducing water, fertilizer, and pesticide use.
Innovation and new cost-effective product developments in the market are attracting agriculturists which are expected to augment market growth. Manufacturers are focusing on developing multifunctional agricultural adjuvants for cost-effectiveness. In February 2020 , Ingevity launched a new bio-based multifunctional adjuvant product line for crop protection named AltaHance. This product line provides customers an eco-friendly adjuvant with several performance benefits in a single product.
The market witnessed an increase in the price of agricultural adjuvants in 2020 due to the Covid-19 pandemic. Supply chain disruptions and restrictions related to transportation resulted in an immediate price spike of various agricultural additives. The majority of the raw materials used in agrochemicals production are imported from China . Due to the trade restrictions from China , the agrochemical producers of various nations found difficulties in maintaining the inventory which caused the major price fluctuations.
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco , the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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