The agricultural surfactants market is set for rapid growth over the forecast period. In terms of revenue, the global agricultural surfactants market accounted for USD 1,500 Million in 2019 and is expected to reach USD 2,400 Million by 2026, growing at a CAGR of 6.4%.
Surfactants are surface-active agents that reduce the surface tension between two liquids, or gas and liquid, or liquid and solid. Agricultural surfactants are used in manufacturing agrochemicals to increase the effectiveness of pesticides. Agricultural surfactants also help in reducing the surface tension so that pesticides are sprayed evenly on the target area.
The global demand for food is increasing at a significant rate due to the growing global population. To fulfill the global food demand, it is very crucial to increase food production by the use of pesticides and insecticides. The increasing demand for various crop protection techniques is driving the global agricultural surfactants market. Based on the research conducted by Food & Agricultural Organization, the land under cultivation is reducing significantly and it is anticipated that in the upcoming years this may cause food production distress. The need for pesticides and insecticides is also increasing due to various insect attacks and crop diseases. For example, a large number of locusts swarmed in various countries such as India, Ethiopia, Kenya, Pakistan, Iran, Uganda, Somalia, and Yeaman in June 2020. Such increasing insect attacks are creating a demand for agricultural surfactants as they are used as additives in pesticides to improve their effectiveness and also help as a dispersing agent.
The global agricultural surfactants market is bifurcated into its type, crop type, substrate type, application, and regions. Based on the type, the global market is segregated into cationic, non-ionic, anionic, and amphoteric. Based on the crop type, the market is bifurcated into fruits & vegetables, cereals & grains, and others. Based on substrate type, the global market is segmented into synthetic, and bio-based. Based on the application, the market is bifurcated into insecticides, herbicides, fungicides, and others. Geographically, the global agricultural surfactants market is diversified into North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa.
North America region dominated the global agricultural surfactants market in 2019 and is anticipated to continue its dominance in the upcoming years. The dominance of the North America market can be attributed to the presence of the key agrochemical manufacturing base in the region. The Asia Pacific region is anticipated to grow at the highest rate in the forecast period owing to the rising population in the region and the increasing demand for food grains associated with it.
Some of the key players in the agricultural surfactants market are AkzoNobel, Solvay, Nufarm, Helena Chemical Company, Stepan Company, DuPont, BASF, Evonik, Huntsman Corporation, Clariant, Croda International, and Wilbur-Ellis Company among others.
Agricultural Surfactants
Agricultural Surfactants
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