South America Agricultural Adjuvants Market Overview:
South America Agricultural Adjuvants market was estimated to be USD 12,101.6 million in 2021 and is forecasted to grow at a CAGR of 4.58% during the forecast period of, 2021 – 2028. The primary factor driving the agricultural adjuvants market size is the rising demand for agriculture adjuvants in major crops, as well as the rising investment in South American agriculture sector. For instance, in the year 2019, Colombia farm investment project and one expansion project have been launched, with a projected employment generation of more than 2,500 jobs. Various multinational companies participated in the project such as Faber Castell.
The materials which are added to agrochemicals to enhance the efficiency of active ingredients are known as adjuvants. Adjuvants are used to improve overall performance of the product. Fungicides when used with adjuvants, it may improve disease control by improving the fungicide’s penetration or by enhancing fungicides spread.
Major Key Players:
Tecnología Química y Comercio SA (TQC), DROKASA PERÚ SA, DVA PERU, Ashland Global Specialty Chemicals Inc., BRANDT, COAGRA S.A., Copeval, Martinez & Valdivieso, Brenntag, YARA Colombia, SEIPASA, Pilarquim, AGROREPRAIN S.A., Crystal Chemical, Seppic, Colonial Chemical.
Market Research Community provides extensive analysis of the size, share , major trends in each sub-segment of the South America Agricultural Adjuvants Market, along with forecasts at the global, regional and country level from 2022-2028.
South America: Colombia, Peru, Ecuador, Chile, Rest of South America
Covid Impact on South America Agricultural Adjuvants Market:
Advent of coronavirus pandemic resulted in stoppage of work sites and production plants. Existing digital technologies provided advantage to some extent but were not adequate for the level of remote working.
The pandemic related shutdown and the March 2020 oil price collapse significantly impacted the supply chain. In 2020, as government closed businesses and imposed restrictions on travel, the demand for oil fell rapidly. Due to improper supply at few locations, there is a slight disruption in the supply of raw materials such as vegetable oil and petrochemicals which are used for the production of agricultural adjuvants. The agricultural inputs such as adjuvants are considered as necessity similar to food products. Also, the manufacturers have facilities in different regions which will lead to continuous production of adjuvants. Considering all above-mentioned factors, the Covid impact on agricultural market is minimal.
Post-Covid, manufacturers are focusing on organically produced foods. This impact is due to the increase in awareness related to health. The increasing concern toward hygienic, healthy, and nutritious food in the markets, with people concerned about health amid the virus outbreak is driving green and organic adjuvants demand.
Scope of South America Agricultural Adjuvants Market:
South America Agricultural Adjuvants Market is segmented by Crop type and Crop Protection. by crop type the market is segmented into Cereals & Grains, Oil seeds & Pulses, Fruits & Vegetables and Others. By crop protection, the market is segmented into Herbicides, Fungicides and Insecticides. The report also covers the market size and forecasts for the South America Agricultural Adjuvants Market in 6 countries across major regions.
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