Agrochemical Additives Market Share

APAC Market Analysis

Asia Pacific agrochemical additives market for is poised to dominate 38% revenue share by the end of 2036. The region is home to a large and rapidly growing population, driving the demand for food & agricultural products. The production value of the agriculture industry in the region accumulated to around USD 2.1 trillion.

Agrochemical additives play a vital role in enhancing crop yields and quality to meet the food demand of growing urban populations. In response to increasing food demand and limited arable land availability, there is a shift towards intensive farming practices in the Asia Pacific region. Agrochemical additives are crucial in optimizing agricultural inputs and maximizing yields in intensive farming systems, fueling market growth.

The Asia Pacific region is witnessing a growing adoption of biotechnology in agriculture, including genetically modified (GM) crops. Agrochemical additives that support the performance of biotech-derived crop protection products, such as adjuvants for GM herbicide-tolerant crops, are experiencing increased demand, contributing to the agrochemical additives market expansion. Biotech crops were grown on 19.5 million hectares, or 10.2% of the world's biotech crop area, in nine countries in Asia Pacific in 2019: India, China, Pakistan, Philippines, Australia, Myanmar, Vietnam, Indonesia, and Bangladesh.

North American Market Statistics

North America agrochemical additives market is set to attain significant market share till 2036. The region experiences a consistent demand for crop protection products to sustain its large-scale agricultural operations. Agrochemical additives play a crucial role in enhancing the efficacy of pesticides, herbicides, and fungicides, thereby meeting the demand for higher yields and quality crops.

Also, environmental sustainability is a key concern driving market growth in North America. Agrochemical additives that offer eco-friendly solutions, such as bio-based adjuvants and biodegradable surfactants, are increasingly favored by farmers and regulators alike, contributing to market expansion. 

Moreover, the rising consumer demand for organic produce has led to an expansion of organic produce has led to an expansion of organic farming practices in North America. In 2022, organic food sales in the U.S. reached USD 60 billion, making it one of the highest levels for a resilient organic sector.

Additionally, the US organic food market accounted for six percent of its overall sales during the year 2022.  Agrochemical additives certified for use in organic agriculture, such as organic adjuvants and plant-based formulations, are witnessing growing demand, driving market development.