Angola Agricultural Adjuvant Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by Function, Application, Formulation, Crop Type, and Region

Angola Agricultural Adjuvant Market Overview:

The report explores the Angola Agricultural Adjuvant market & segments (Function, Application, Formulation, and Crop Type) Data has been provided by market participants, and regions (Bengo, Bie, Cuanza Notre, Cunene, and Uige). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2022. The report investigates the Angola Agricultural Adjuvant market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Angola Agricultural Adjuvant market's contemporary competitive scenario.

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Angola Agricultural Adjuvant Market Dynamics:

The Angola region of Africa requires 4.5 million tonnes of grains every year. Angola accounts for 11% of the USD 114.5 billion GDP in 2019. The country now cultivates for approx. 10% of its 35 million hectares of arable land and with an estimation of 90% of farms in Angola are small to medium in size and are used mainly for communal and subsistence farming and are involved in the production of continental food. There is a rise in the population of the region by 1.5% in 2020 which led to an increase in the demand for food production for feeding the population. As only 10% of the land is used for cultivation in Angola. Therefore, for increasing productivity through the limited land there is a high demand for the fertilizers as these are important for crop production. According to FAO, the use of fertilizers increased by 3.5% in 2021. The most used fertilizers include Nitrogen which was used for around 430 thousand metric tons.

In 2020 the government of Angola has allocated a 20-hectare site in Malange for setting up a fertilizer plant with an investment of around US$1 million.  Also, the fertilizer use per hectare of arable land has increased from 1961-to 2018. In 1961 there was a maximum use of 4.4 kg of fertilizer per hectare was used but in 2018 it has increased to 8.9kg of fertilizer per hectare of land. Funding is done for enhancing the agricultural sector with $29.8 million loans from IFAD, as well as co-financing from the Agence Française de Development i.e. $42 million, and the Arab Bank for Economic Development in Africa i.e. $40 million. Also, the government of Angola is providing $10 million, with a further $6.5 million contributed by beneficiaries themselves.

In Angola, more than 50% of the population lives in rural areas, and mostly they are dependent upon agriculture. This sector is employing around 49% of the population and contributes 5.5% to the country’s GDP. Improving small-scale agricultural production, productivity and commercialization are vital to reducing poverty and improving food security in the rural areas. The government of Angola has already implemented several development projects for revitalizing the economy. However, more needs to be done to boost the agriculture sector and provide sustainable livelihoods to vulnerable poor people in rural areas. The country has a large import bill of approx. US$590 million in 2019.

Angola Agricultural Adjuvant Market Segment Analysis:

By Type, the Cereals and Grains segment is dominating the market by accounting for 69% of the share in 2023. It is also expected to grow with a CAGR of 3.2% during the forecast period. This is due to a rapid increase in the population, and the demand for cereal and grain is also increased. This led to an increase in the production of crop protection chemicals to protect cereals and grains crops from pests, insects, and infectious diseases that destroys the crops. Therefore, subsequently led to an increase in the demand for agricultural adjuvants.

By Application, the herbicide segment is dominating the market by accounting for 40% share of the market in 2023. It is expected to grow with a CAGR of 4.3% during the forecast period. This is due to the application of herbicides that protects against crop failure due to weeds and increases agricultural production. Also, the adoption of better agricultural practices and integrated pest management technologies are further enhancing crop production which is leading to increasing demand for herbicides.

Angola Agricultural Adjuvant Market Key Players Insights:

The market is characterized by the existence of several well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the market, key players in the market, particularly Angola Agricultural Adjuvant Market, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

The objective of the report is to present a comprehensive analysis of the Angola Agricultural Adjuvant market to the stakeholders in the industry. The report provides trends that are most dominant in the Angola Agricultural Adjuvant market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Angola Agricultural Adjuvant Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

The qualitative and quantitative data provided in the Angola Agricultural Adjuvant market report is to help understand which market segments, and regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key industry players and their recent developments in the Angola Agricultural Adjuvant market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Angola Agricultural Adjuvant market.

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Angola Agricultural Adjuvant market. The report also analyses if the Angola Agricultural Adjuvant market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Angola Agricultural Adjuvant market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Angola Agricultural Adjuvant market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Angola Agricultural Adjuvant market is aided by legal factors.

Angola Agricultural Adjuvant Market Scope:

Angola Agricultural Adjuvant MARKET KEY PLAYERS: 

• Agromundo (Luanda)
• Rizobacter (Pergamino)
• Brandt Corporate (Springfield)
• Klopman (Frosinone)
• Sociedad Química y Minera de Chile (SQM)
• Archer-Daniels-Midland (ADM)