Report ID: SQMIG15C2028 | Region: Global | Published Date: April, 2023 | Pages: 157 | Tables: 89 | Figures: 76
Global Seed Treatment MarketReport ID: SQSG15C2008 | Region: Global | Published Date: April, 2023 | Pages: 157 | Tables: 129 | Figures: 77
Agricultural Surfactants Market size was valued at USD 1.3 billion in 2021 and is poised to grow from USD 1.37 billion in 2022 to USD 2.18 billion by 2030, growing at a CAGR of 5.3% in the forecast period (2023-2030).
Agricultural surfactants essentially improve pesticide effectiveness. They reduce water surface tension and help farmers use pesticides more effectively. Agricultural surfactants are combined with agrochemicals to improve spray droplet spread on the surface of leaves and maximize spray droplet duration. The root cause of the market growth rate is the increasing demand for agricultural surfactant across various end-use applications such as transportation, construction, and furniture. Rising food demand and shrinking land are expected to cushion the growth of the agricultural surfactant during the forecast period, paving the way for market growth. Furthermore, the increasing population rate and supportive government regulations to promote sustainable farming practices, as well as the increased emphasis on crop protection, are expected to cushion overall market growth. On the other hand, factors such as limited agrochemical supply availability are expected to stymie the growth of the agricultural surfactant market. The market's overall growth is also expected to be hampered by volatile raw material prices and a stringent regulatory environment.
The global market is expected to benefit from the rising use of bio-based surfactants and the spread of affordable pesticides. Demand for agricultural surfactants is anticipated to rise as precision farming is increasingly used and crop protection against pests becomes more important. The use of such biotech plants, which have higher yields and require less agrochemicals and pesticides, would restrain the industry's expansion. This is primarily used in conjunction with pesticide mixtures, such as fungicides, herbicides, insecticides, plant growth regulators, and foliar nutrients, to improve plant nutrition and increase market demand.
US Agricultural Surfactants Market is poised to grow at a sustainable CAGR for the next forecast year.
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Global agricultural surfactants market is segmented based on product type, application, substrate type, crop type, and region. Based on product type, market is segmented as non-ionic, anionic, cationic, and amphoteric. Based on application, market is segmented as Herbicides, Fungicides, Insecticides, fertilizers, micronutrients, bio stimulants, disinfectants, biocides, plant regulators, nematicides, acaricides, Others. Based on substrate type, market is segmented as synthetic, bio-based. Based on crop type market is segmented as cereals & grains, fruits & vegetables, sugarcane, plantation crops, turf & ornamentals, others. Based on region, market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa.
Agricultural Surfactants Market Analysis by Product Type:
The global market will be dominated by the non-ionic segment. The agricultural surfactants market is divided into three types: cationic anionic, non-ionic, and amphoteric. The non-ionic segment accounted for the majority of the market in 2022 and is expected to remain dominant during the forecast period because these are neutral surfactants with no change on the hydrophilic end. These surfactants are widely used in herbicides due to their good dispersing ability, low toxicity, and cold-water stability. Because of its surface tension reduction and contact with individual spray droplets properties, it is mostly compatible with water-soluble insecticides, plant growth regulators, fungicides, and herbicides.
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Based on region global agricultural surfactants market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa. Owing to its established agricultural industry, high agriculture expenditure, and a strong emphasis on technologically advanced farming techniques and products, North America held the largest market share of the global agricultural surfactants market in terms of market consumption, and it is expected to show steady growth during the forecast period. Europe, like North America, is expected to be the second largest market for agricultural surfactants due to its developed agriculture industry and a strong emphasis on R&D innovations and technologically advanced products, and it is expected to grow steadily during the forecast period. Because of the growing agriculture industry in countries such as Brazil and Argentina, the Latin America market for agricultural surfactants is expected to grow significantly during the forecast period. Asia Pacific is expected to be the fastest growing market for agricultural surfactants, with exponential growth expected during the forecast period. Huge agricultural growth due to population growth, fertile & arable land, a large agriculture occupation dependent population, lucrative government schemes, and growing agriculture-related R&D & farming techniques are all expected to contribute significantly to market growth over the forecast period.
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Agricultural Surfactants Market Drivers
Growing Demand for Crop Protection to Support Market Growth
Rapidly increasing global population has resulted in a significant increase in food demand. According to research conducted by the Food and Agricultural Organization (FAO), agricultural land is and will continue to be a source of concern for food production in the coming years. Modern farming techniques and a higher rate of pesticide and insecticide adoption are expected to reduce food demand and supply pressure by yielding abundant produce. The increasing prevalence of crop diseases and insect attacks has increased the demand for higher yields and the production of a higher quality crop. As a result, the demand for pesticides and insecticides has increased.
Agricultural Surfactants Market Restraint
Use of Chemical Insecticides and Pesticides to Limit Market Growth
Consumer preferences for food products with minimal chemical residues have significantly reduced the use of chemical pesticides and insecticides, which has hampered demand for agricultural surfactants. The growing consumer awareness of the negative effects of some pesticides and other agrochemicals' chemical content is having a negative impact on the market. Furthermore, rising demand for organic pesticides and fertilizers has reduced demand for chemical pesticides and other agrochemicals.
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The global agricultural surfactants market is fragmented, with a prominent market player acquiring a sizable portion. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective.
Top Players in the Global Agriculture Surfactants Market
Agricultural Surfactants Market Recent Developments
Dow announced a new product extension of VORASURFTM Silicone Surfactants in March 2022 to support the growing demand for improved energy efficiency and sustainable solutions in the rigid polyurethane foam market, with a focus on spray and construction applications.
BASF raised prices for non-ionic surfactants in September 2021 due to increased demand in the agricultural input sector, including herbicides and insecticides.
BASF signed two separate partnership agreements in March 2021 to strengthen its leadership position in the bio-based surfactants and actives market.
Bio-based Surfactant Development to Aid Agricultural Surfactants Market Growth
Recent research has revealed that synthetic agricultural surfactants have a negative impact on both the environment and humans. There has been significant progress in the field of green chemistry, which aids in the reduction of carbon footprint. Scientists recently developed a method for producing bio surfactant. This should aid in the practice of sustainable agriculture. According to an innovative research project led by the University of Portsmouth, rice straw bails can be used to create a bio-surfactant that can be used in a wide range of products that typically contain synthetic surfactants. Agricultural waste, such as rice straw, has been used to create a long-term solution for agricultural surfactants.
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According to our global agricultural surfactants market analysis, during the forecast period, modern agricultural practices and the adoption of advanced technologies such as "agriculture 4.0," a type of precision farming, are expected to be the major drivers of the global agricultural surfactants market. Another major factor likely to drive the global agricultural surfactants market during the forecast period is growing concern about global food security. Monetary burden due to high pesticide consumption to increase product yield is likely to surge the global agricultural surfactants industry, which reduces the amount of agrochemical used by increasing its retention, penetration, and spreading ability.
Report Metric | Details |
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Market size value in 2021 | USD 1.3 billion |
Market size value in 2030 | USD 1.37 billion |
Growth Rate | 5.3% |
Base year | 2021 |
Forecast period | 2023-2030 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Agricultural Surfactants Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Agricultural Surfactants Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Agricultural Surfactants Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Product ID: SQSG15C2008