New York, United States, Nov. 30, 2023 (GLOBE NEWSWIRE) -- The Global Agricultural Surfactants Market Size is to Grow from USD 1.57 Billion in 2022 to USD 2.84 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 6.1% during the projected period. The global agricultural surfactants market is being driven by rising global population, rising food demand, the adoption of precision farming techniques, and a growing awareness of sustainable agricultural practices.
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The manufacturing and distribution of specialized chemical compounds used in agriculture to improve the efficacy of pesticides, herbicides, fungicides, and fertilizers is referred to as the global agricultural surfactants market. Surfactants, also known as surface-active agents, are substances that reduce surface tension, allowing agricultural chemicals to be more evenly distributed and adhered to plant surfaces. The rapid development of the global agricultural surfactants market, according to the Food and Agriculture Organization of the United Nations (FAO), is inextricably linked to the consistent expansion of global crop production. As a result of rising demand for increased agricultural productivity and the need to reduce the environmental impact of farming practices, this market has grown significantly in recent years. Agricultural surfactants aid in reducing the amount of chemicals required to achieve the desired results, thereby reducing agriculture's environmental footprint. However, agricultural surfactants are an extra expenditure for farmers, which can be significant in regions where agriculture is small-scale or resource-constrained. Farmers may be hesitant to invest in surfactants if they do not see an immediate and direct benefit.
Browse key industry insights spread across 200 pages with 100 market data tables and figures & charts from the report on the "Global Agricultural Surfactants Market Size, Share, and COVID-19 Impact Analysis, By Type (Cationic, Non-Ionic, Anionic, Amphoteric), By Application (Herbicides, Fungicides, Insecticides, Others), By Crop Type (Cereals & Grains, Fruits & Vegetables, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032."
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The non-Ionic segment is expected to hold a significant share of the global agricultural surfactants market during the forecast period.
The global agricultural surfactants market is divided into cationic, non-ionic, anionic, and amphoteric segments. Among these, the non-ionic segment is projected to account for a sizable portion of the global agricultural surfactants market over the forecast period. Non-ionic surfactants frequently hold the largest share of the global agricultural surfactants market due to their versatility and broad application range.
The herbicides segment dominated the largest share of the global agricultural surfactants market in 2022.
The global agricultural surfactants market is classified into herbicides, fungicides, insecticides, and others based on application. In 2022, the herbicides segment held a major share of the global agricultural surfactants market. Herbicides account for the vast majority of the global agricultural surfactant market. Surfactants play an important role in optimizing herbicide performance, which is an important aspect of crop protection. Surfactants increase herbicide coverage, resulting in improved weed control and reduced herbicide waste.
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North America is anticipated to hold the largest share of the global agricultural surfactants market over the predicted timeframe.
North America typically holds a major portion of the global agricultural surfactants market due to its extensive agricultural sector and high demand for crop protection solutions. North America, which includes the United States and Canada, is a major player in the global market for agricultural surfactants. The use of advanced agricultural practices, precision farming, and the presence of large-scale commercial farming operations all contribute to the region's market growth.
During the forecast period, Asia Pacific is projected to expand at the fastest rate in the global agricultural surfactants market. The agricultural surfactant market in Asia-Pacific, which includes China and India, is rapidly expanding. Asia-Pacific is becoming a more important player in the global agricultural surfactants market, due to its expanding agriculture sector and adoption of surfactant-based solutions. Population growth, rising food demand, and the adoption of modern farming practices all contribute to this region's market's robust growth.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Agricultural Surfactants Market include Corteva Agriscience, Helena Agri-Enterprises, LLC, BASF SE, Evonik, Solvay, CLARIANT, CHS Inc., Nufarm, Croda International Plc, Stepan Company, INNVICTIS and Others.
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Recent Developments
- In February 2022, CLARIANT (Switzerland) has introduced Vita, its most recent innovation that includes 100% bio-based surfactants and polyethylene glycols. Vita enabled manufacturers to optimize bio-based carbon content in crop formulations by being tailored for natural formulations with an emphasis on achieving a robust Renewable Carbon Index (RCI).
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Agricultural Surfactants Market based on the below-mentioned segments:
Global Agricultural Surfactants Market, By Type
- Cationic
- Non-Ionic
- Anionic
- Amphoteric
Global Agricultural Surfactants Market, By Application
- Herbicides
- Fungicides
- Insecticides
- Others
Global Agricultural Surfactants Market, By Crop Type
- Cereals & Grains
- Fruits & Vegetables
- Others
Global Agricultural Surfactants Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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