Global Agricultural surfactants market

Agricultural Surfactants Market Size, Share, Growth Analysis, By Product type(Non-ionic, Anionic, Cationic, Amphoteric), By Application(Herbicides, Fungicides, Insecticides, fertilizers), By Substrate type(Synthetic, Bio-based), By Crop type(Cereals & grains, Fruits & vegetables, sugarcane, plantation crops), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15C2072 | Region: Global | Published Date: April, 2024
Pages: 157 | Tables: 129 | Figures: 77

Agricultural Surfactants Market Insights

Agricultural Surfactants Market size was valued at USD 1.3 billion in 2019 and is poised to grow from USD 1.37 billion in 2023 to USD 2.18 billion by 2031, growing at a CAGR of 5.3% in the forecast period (2024-2031).

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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Agricultural Surfactants Market size was valued at USD 1.3 billion in 2019 and is poised to grow from USD 1.37 billion in 2023 to USD 2.18 billion by 2031, growing at a CAGR of 5.3% in the forecast period (2024-2031).

The 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. 'Dow Chemical Company', 'BASF SE', 'Evonik Industries AG', 'Huntsman Corporation', 'AkzoNobel NV', 'Croda International Plc', 'Clariant International Ltd.', 'Solvay SA', 'Stepan Company', 'Nufarm Limited', 'Lamberti SPA', 'Wilbur-Ellis Company', 'Kao Corporation', 'Nouryon', 'MBI Organics, Inc.', 'Green Chem Srl', 'Novochem Group BV', 'Sichuan Youzhu New Material Science & Technology Co. Ltd.', 'ArrMaz', 'TensioGreen'

Rapidly increasing 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.

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.

Based on region 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 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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Global Agricultural surfactants market

Report ID: SQMIG15C2072

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