Product ID: SQMIG15C2072
Global Agricultural Surfactants Market Size, Share, Growth Analysis, By Product type(Non-ionic, Anionic), By Application(Herbicides, Fungicides), By Substrate type(Synthetic, Bio-based), By Crop type(Cereals & grains, Fruits & vegetables) - Industry Forecast 2024-2031
Report ID:
SQMIG15C2072 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|
Tables:
129 |
Figures:
77
Global 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.
Global Agricultural Surfactants Market Report Snapshots
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