17-Mar-2021 | Market Research Store
The Global Agricultural Surfactants Market Is Powered By The Adoption Of Precision Farming And Protected Agriculture, Increasing Demand For Green Solutions In Developing Countries And Higher Adoption Of Modern Agricultural Practices Are Driving Agricultural Surfactants Growth Across The World.
Surfactants are substances that lower the surface tension of the solvent in which they are dissolved. To increase the distribution of spray droplets on the surface of leaves and optimize the length of spray droplets, agricultural surfactants are mixed with agrochemicals. Agricultural surfactants enhance pesticide efficacy. Agricultural surfactants are typically used in water-based herbicide spray solutions to improve the dispersing, emulsifying, wetting, spreading, and other surface-modifying properties of liquids.
In 2019, demand for the agricultural surfactants market was projected at around USD 1,500.0 Million, and current and expected developments by 2026 would reach an estimated USD 2,400.0 Million. Companies and experts predict around 6.46% growth in the worldwide agricultural surfactants market in terms of CAGR. Increased demand for agrochemicals, acceptance of new agricultural methods, and increased demand for green technologies, such as the emerging use of bio-based surfactants, are expected to fuel the growth of agricultural surfactants in the upcoming years.
Some of the leading and top companies in the agricultural surfactants market contain BASF, DowDuPont, Evonik, AkzoNobel, Huntsman Corporation, Solvay, Clariant, Nufarm, Croda International, Helena Chemical Company, Wilbur-Ellis Company, and Stepan Company, among others. The major leading players operating in the market are prominently focusing on joint-venture and acquisition. For Instance, in September 2020, Clariant's anionic surfactant business and sulfation machinery business in Mexico has been purchased by Stepan Company, a leading agro-based solutions provider. The transaction is expected to improve the company's role in Latin America by satisfying market demand for advanced agricultural surfactants.
The demand for agricultural surfactants is anticipated to be driven by the adoption of protected agriculture and precision farming, increasing demand for green solutions in developing countries and higher adoption of modern agricultural practices. To expand their trade reach, companies in the worldwide agricultural surfactants market are collaborating with regional agencies. Companies are now concentrating on collaborations, introducing new solutions and enhancing their offerings in order to capture more market share. These are the main factors driving the agricultural surfactants market in the forecast period from 2020 to 2026. However, as environmental and human health issues develop, policymakers and surfactant producers are increasingly focused on switching to green and organic materials in almost every use. This has resulted in a high market for chemically produced products, which carry little environmental danger in contrast to typical petroleum-derived products, which are harmful in nature and bio-accumulate in the aquatic ecosystem. However, the market's growth will be constrained by the regulations on the use of synthetic surfactants. In the global agricultural surfactants market, advances in cost-effective production techniques, and increased demand for sustainable bio-based surfactants are projected to generate opportunities over the forecast period.
Browse the full “Agricultural Surfactants Market By Type (Cationic, Non-ionic, Amphoteric, and Anionic), By Crop Type (Cereals & Grains, Fruits & Vegetables, and Others), By Substrate Type (Synthetic and Bio-based), and By Application (Fungicides, Insecticides, Herbicides, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.marketresearchstore.com/market-insights/agricultural-surfactants-market-828550
The agricultural surfactants market is bifurcated as a type, crop type, substrate type, application, and region. By type segment, the market is segmented into non-ionic, anionic, cationic, and amphoteric. By crop type segment, the market is segmented into cereals and grains, fruits and vegetables, and others. By substrate type segment, the market is segmented into bio-based, and synthetic. By application segment, the market is segmented into herbicides, fungicides, insecticides, and others.
In terms of geography, North America represents a higher demand for the agricultural surfactants market. In North America, there is a growing market for higher-quality agricultural surfactants, which fuels the demand for agricultural surfactants. This is due to the presence of a significant agrochemical manufacturing base in the area that produces high-quality agricultural surfactants. Furthermore, the Asia Pacific region is the most rapidly developing region in the agricultural surfactants industry. High demand for food grains, as well as the dense population density in countries like India and China, the adoption of novel agricultural surfactants in the region, are expected to drive the industry within the forecast period. In order to drive the province's demand for agricultural surfactants, the heavy participation of prominent suppliers of agricultural surfactants, the investment of private companies in the development and growth of R&D activities are all prepared. In emerging regions such as the Asia Pacific, the demand for agricultural surfactants is expected to have a positive outlook during the forecast period.
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