Latin America Agricultural Adjuvants Market was worth $0.51 billion in 2020 and estimated to be growing at a CAGR of 5.11%, to reach $1.2 billion by 2025.
The Agricultural Adjuvants market is projected to be one of the most vital segments of agro-inputs due to the growing commercial farming of high value crops to meet the mounting food demand.
Agricultural Adjuvants increase the return on investment and also assist in meeting farmer’s as well as purchaser demands, from the economical and health perspective with growing per hectare production of quality agricultural crops.
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The growth of the Latin America Agricultural adjuvants market is majorly due to factors such as growing awareness among farmers regarding agricultural adjuvants, growing population, and increasing incidences of pests. However, new methods such as bio-farming and organic pesticides pose a threat to the growth of the market in this region.
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Market Segmentation:
The Latin America Agricultural Adjuvants market is segmented based on
Application
Insecticides,
Herbicides,
Fungicides,
Others.
Type
Activator Adjuvants
Utility Adjuvants
Crop Type
Fruits & Vegetables
Cereals & Oilseeds
Others
Geographical Analysis:
Latin America market region includes countries such as
Brazil
Argentina
Mexico
Growing adoption of precision farming in Argentina and Brazil is anticipated to drive the Latin American market growth during the forecast period. High production of sugarcane and corn in South America is another key factor driving the growth of the market in the region.
Major Key Players:
The major companies dominating the Agricultural Adjuvants market in this region are Akzonoble N.V., Adjuvant plus Inc., Clariant International Ltd., Solvay SA, Helena Chemical Company, and Tanatex Chemicals.