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.
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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