The booming global population is pushing up the requirement for food items all over the world. As per the United Nations Department of Economic and Social Affairs’ (UNDESA) Population Division, “the global population was 7.6 billion in 2017, and it is expected to reach nearly 9.8 billion by 2050, growing by 30.9% in the next 33 years”. The additional population of around 2.2 billion will boost the demand for cash crops, horticulture crops, and food crops in the future years.

With the growing requirement for food items, the demand for higher agricultural yield is rising, which is, in turn, fueling the usage of agricultural adjuvants in farming processes. Because of the rising need for enhanced agricultural productivity, farmers are increasingly using agrochemicals such as insecticides, pesticides, and herbicides and adjuvants and also adopting the use of advanced farming technologies in agricultural processes. This is a major factor responsible for the soaring sales of agricultural adjuvants across the globe.

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Many public and private firms are making huge investments in the agriculture sector, mainly for facilitating the faster development of advanced farming products that would help farmers improve crop quality and agricultural yield. As per recent trends, venture funding has increased substantially in farming technologies. In addition to this, the rising focus on farm robotics, novel farming techniques, farm management, and supply chain and logistics technologies is boosting the need for agricultural adjuvants all over the world.

Hence, with the ballooning sales of these materials, the revenue of the global agricultural adjuvants market would rise enormously in the forthcoming years. According to the forecast of the market research company, PS Intelligence, the market revenue would grow from $3,106.7 million to $5,485.1 million from 2019 to 2030. The market would progress at a CAGR of 5.5% between 2020 and 2030. Between the utility and activator adjuvants, the usage of the latter would rise faster in the future.

This would be because these adjuvants are extremely suitable for use in a plethora of applications, on account of their ability to enhance solubilization and mitigate the surface tension. Geographically, the Asia-Pacific (APAC) agricultural adjuvants market would be very prosperous in the upcoming years, primarily because of the rising utilization of agrochemicals in developing nations such as India and China. This is because of the increasing need for food items in these countries.

India and China have the largest populations in the world, accounting for around 18.0% and 19.0% of the total population in the world, respectively, in 2019. According to many forecasts, the countries would add an additional 2.3 billion persons to their already huge populations by 2050. This would create a huge demand for food products in these countries, which would, in turn, boost the sales of agricultural adjuvants in the coming years.

Hence, it can be said from the above paragraphs that the sales of agricultural adjuvants would shoot-up all over the world, especially in the APAC region, in the years to come, mainly because of the growing requirement for food items and higher agricultural productivity, on account of the surging population across the world.