The global agricultural surfactants market size is expected to showcase significant growth by reaching USD 1,927.5 million by 2027 while exhibiting a CAGR of 5.1% between 2020 and 2027. The growth is attributed to the increasing population rate and the growing demand for crop protection that is driving the adoption of advanced agricultural surfactants globally. This information is published by Fortune Business Insights, in its latest report.
The global agricultural surfactants market is experiencing steady growth, driven by the rising demand for effective crop protection solutions and the growing adoption of modern farming techniques. Surfactants play a key role in enhancing the performance of pesticides, herbicides, fungicides, and insecticides by improving their spreading, sticking, and wetting properties on plant surfaces. Increasing awareness among farmers about efficient pesticide usage and the need for higher agricultural productivity is further propelling market expansion.
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Increasing Population Rate to Augment Growth
According to the data by the United Nations, the global population is expected to reach about 8.5 billion by 2030. And 9.7 billion by 20250. The growing rate of population is likely to propel the demand for food and to suffice the needs the agriculture sector is expected to focus on the development of superior quality yield. These factors are anticipated to drive the demand for advanced agricultural surfactants globally. Additionally, supportive government regulations to promote sustainable farming practices and the increasing focus on crop protection is expected to contribute to the growth of the global agricultural surfactants market during the forecast period.
By Type Analysis:
The non-ionic segment dominated the market in 2019 and is expected to remain leading due to its neutral nature, low toxicity, and high stability. It is widely used in herbicides, fungicides, and insecticides for better dispersion, reduced surface tension, and improved spray performance.
By Application Analysis:
The herbicides segment is anticipated to hold the largest share during the forecast period. Herbicides, used to control unwanted weeds without harming crops, are often blended with surfactants to enhance spray coverage and efficiency. Rising use in forestry, pasture systems, and habitat management supports market growth.
Technological Advancement in Agriculture in North America to Propel Market Growth
Among all the regions, North America is expected to remain dominant and hold the highest position in the global agricultural surfactants market. This is ascribable to factors such as technological advancement in the agriculture industry such as the introduction of genetically modified seeds and the focus on sustainable farming that drives the demand for advanced agricultural surfactants in the region. North America stood at USD 582.9 million in 2019.
The market in Asia-Pacific is expected to gain momentum owing to the presence of a large population that is propelling the demand for optimum quality food yield in countries such as Japan, China, and India between 2020 and 2027.
Product Innovations by Key Players to Brighten Their Market Prospects
The global agricultural surfactants market comprises small, medium, and large companies that are focusing on adopting organic and inorganic strategies to maintain their presence. These companies are developing innovative agricultural surfactants to cater to the growing demand from farmers. Furthermore, other key players are striving to maintain a stronghold by adopting strategies such as merger and acquisition, partnership, and collaboration that will favor the market growth.
March 2020 - Wilbur-Ellis Company announced the launch of a unique blend of surfactants, EMBRECE-EATM. The agricultural surfactant is designed to improve the performance of fungicides, miticides, and insecticides by increasing the wetness and spread of the spray materials.
BASF SE (Ludwigshafen, Germany)
AkzoNobel (Amsterdam, Netherlands)
Evonik (Essen, Germany)
Solvay (Brussels, Belgium)
Huntsman Corporation (Texas, the U.S.)
Nufarm (Melbourne, Australia)
Clariant (Muttenz, Switzerland)
Helena Chemical Company (Tennessee, U.S
Croda International (Snaith, UK)
Wilbur-Ellis Company (San Francisco, the U.S.)
Stepan Company (Florida, the U.S.)
Nouryon Company (Amsterdam, Netherlands)
Other Key Players
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