Agricultural Surfactants Market Outlook
Agriculture surfactants are additives used to provide
effective protection for crops. These substrates are added to pesticide
formulations such as insecticides, herbicides, foliar nutrients, fungicides,
and plant growth regulators. With the evolving farming techniques &
products, the consumption of these surfactants is increasing dramatically over
the past few years.
Resultantly, the global agriculture surfactants
market overview is registering significant growth accruals years by
year. Also, the rapidly growing agricultural industry and technological
advances transpired in the field of farming are key tailwinds behind the success
of this market. Moreover, factors such as the rising global demand for food led
by the ever-increasing population and the pressure for higher yields are
escalating the market growth to furthered heights.
According to Market Research Future (MRFR), Agricultural Surfactants Market Size was valued
at USD 1.8 Billion in 2022. The agricultural surfactants market industry is
projected to grow from USD 1.9 Billion in 2023 to USD 2.96 Billion by 2032,
exhibiting a compound annual growth rate (CAGR) of 5.7% during the forecast
period (2023 - 2032).Rising uptake of modern agricultural practices and
technologies such as "agriculture 4.0," a kind of precision farming,
are expected to be significant growth drivers for the market growth.
Additionally, the ongoing third green revolution is
anticipated to provide a huge impetus to the growth of the market, increasing
the production of the crops, and introducing high-yielding varieties. Also, the
growing global food security concern is another major factor that would drive
the global agricultural surfactants market during the forecast period.
Effective application of agricultural surfactants ensures a fruitful harvest,
which, in turn, is fostering the market demand.
On the other hand, the adoption of genetically modified seeds
that ensure increased yield and reduced use of agrochemicals & pesticides
acts as a major growth restraining factor for the market. Also, the growing
emphasis on sustainable farming is likely to prove a threat to the market
growth during the forecast period, slowing down the use of agrochemicals.
Furthermore, the regulations imposed on the use of synthetic agricultural
surfactants are expected to hurdle the growth of the market.
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Nevertheless, the emergence of bio-based agricultural
products and increasing consumption of pesticides to increase product yield
would aid the market growth throughout the review period. Also, the advantages
of agricultural surfactants, such as the lesser requirement of agrochemicals to
be used due to the increased retention, penetration, and spreading ability,
would benefit the growth of the market hugely
Global Agricultural Surfactants Market – Segmentation
The report has been segmented into five major dynamics.
By Product Type : Non-Ionic,
Anionic, Amphoteric, Cationic, and others.
By Substrate Type : Synthetic, Bio-Based, and
others.
By Crop Type : Cereal
& Grain, Fruit & Vegetable, and others.
By Application : Herbicide,
Fungicide, Insecticides,
Plant Growth Regulators, and others.
By Regions : Europe, Americas, Asia Pacific,
Middle East & Africa, and Rest-of-the-World.
Global Agricultural Surfactants Market – Regional Analysis
North America is projected to remain the largest agricultural
surfactants market globally. Factors such as the vast consumption of these
surfactants in the well- established agrarian industry, strong emphasis on
advanced farming techniques & products, and high agriculture expenditure
act as key tailwinds for the regional market growth. The market witnesses a
massive demand for bio-based agricultural surfactants. Led by the growing need
for sustainable solutions is expected to fuel the market demand in the region.
Europe is another prominent market for agricultural
surfactants following the North American market closely. Rising awareness for
sustainability concerns, well-developed agriculture industry, and a strong
emphasis on R&D innovations & technologically advanced products are the
major growth drivers of the regional market. The European agricultural
surfactants market is hugely diverse and includes many primary product
manufacturing industries and segments.
The agricultural surfactants market in the Asia Pacific
region is estimated to grow dramatically. Tremendous agrarian growth due to the
expanding population, availability of ample fertile & arable land, and
lucrative government schemes are some of the key factors impacting the market
growth positively. Besides, substantial funding for increasing numbers of
agriculture-related R&D and farming techniques are fueling the growth of
the APAC agricultural surfactants market.
Global Agricultural Surfactants
Market – Competitive Analysis
Highly competitive, the agricultural surfactants market
appears to be fragmented due to the presence of a large number of players. The
supply industry consists of several manufacturers that produce raw materials
required for the production of these surfactants. Major players are adopting
strategic initiatives such as mergers & acquisitions, contract, expansion,
investment, joint venture, partnership, product launch, and innovations to
sustain in the competition. They make substantial R&D investments for the
development of new products & technologies and to strengthen their market
presence.
Major Players:
Players leading the global agricultural surfactants
market research include Nufarm Limited (Australia), Stepan Company
(U.S.), Croda International Plc (U.K.), Monsanto Company (U.S.), DowDuPont,
Inc. (U.S.), Loveland Products, Inc. (U.S.), BASF SE (Germany), Evonik
Industries AG (Germany), AkzoNobel N.V. (Netherlands), Solvay SA (Belgium),
Huntsman International LLC. (U.S.), Wilbur-Ellis Company LLC (U.S.), Clariant
International AG (Switzerland), CEFIC (Belgium), and Helena Agri-Enterprises,
LLC (U.S.), among others.
Industry/ Innovation/
Related News:
February 13, 2020 ----- Bogor
Agricultural Institute (IPB _ Indonesia), announced that it has set records of
the largest number of palm oil based researches and academic articles published
internationally. These researches on the downstream segment of palm oil are
concentrated on the innovation of surfactants for import substitutes to support
the enhanced oil recovery (EOR) technology. The integration of the upstream
& downstream segments of research based on palm oil holds significance for
ensuring the sustainability of the palm oil sector in Indonesia that is
contributing significantly to the country's income.
Key Players
are:
Nufarm Limited (Australia), Croda
International Plc (U.K.), Stepan Company (U.S.), Monsanto Company (U.S.), Loveland
Products Inc. (U.S.), DowDuPont, Inc. (U.S.), BASF SE
(Germany), AkzoNobel N.V. (Netherlands), Evonik Industries AG (Germany), Solvay
SA (Belgium), Wilbur-Ellis Company LLC (U.S.), Huntsman International LLC.
(U.S.), Clariant International AG (Switzerland), Helena Agri-Enterprises, LLC
(U.S.), and CEFIC (Belgium).
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