Market Dynamics
According to the MRFR reports, the global Agricultural Surfactants Market Size is likely to attain a over USD 1,928.6 Million by the end of 2030 while flourishing at a healthy CAGR of over 5.7% during the 2022-2030.
During the forecast period, modern agricultural techniques and the implementation of new technologies such as "agriculture 4.0," a type of precision farming, are likely to be the primary drivers of the worldwide agricultural surfactants market. Another key factor projected to drive the global Agricultural Surfactants Market Insights during the forecast period is growing concern about global food security. The global agricultural surfactants sector, which minimises the amount of agrochemical to be used by boosting its retention, penetration, and spreading ability, is expected to boom as a result of the increased use of pesticides to increase product output. Furthermore, due to their environmentally friendly, biodegradable, and less hazardous qualities, the bio-based surfactants market is predicted to experience a rise in growth throughout the forecast period, providing new growth opportunities for industry competitors.
However, the usage of genetically modified seeds to boost production while reducing the use of agrochemicals and pesticides is expected to be a restraining factor for the agricultural surfactants market during the forecast period of 2018-2023. Furthermore, an increasing focus on sustainable farming is reducing the use of agrochemicals, which will pose a threat to market growth throughout the projection period. Furthermore, due to the increased desire for bio-based equivalents, the synthetic agricultural surfactants market is expected to see a decline in growth throughout the forecast period.
Segmental Analysis
Product type, substrate type, crop type, application, and geography are all segments of the global market.
The global Agricultural Surfactants Market Outlook is divided into non-ionic, anionic, cationic, and amphoteric segments based on product type.
The global market is divided into synthetic and bio-based substrates depending on substrate type.
The global market is divided into cereals grains, fruit vegetables, and others based on the crop type.
The global Agricultural Surfactants Market Insights are divided into herbicides, fungicides, insecticides, plant growth regulators, and others based on the application.
Regional Overview
Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa are the five regions that make up the worldwide market.
Because of its established agricultural industry, high agriculture expenditure, and strong emphasis on technologically advanced farming techniques and products, North America held the largest market share of the global agricultural surfactants market in terms of market consumption, and is expected to show steady growth during the forecast period.
Due to the developed agriculture industry and a strong emphasis on RD breakthroughs and technologically advanced products, Europe is predicted to be the second largest market for agricultural surfactants after North America, and it is expected to rise steadily throughout the forecast period.
Agricultural surfactants are predicted to increase at the fastest rate in Asia Pacific, with exponential growth expected during the projection period. Huge agricultural expansion is expected to contribute significantly to market growth over the forecast period, owing to rising population, fertile arable land, a large population dependent on agriculture, lucrative government schemes, and developing agriculture-related RD farming practises.
Because of the rising agriculture industry in Latin America, notably in countries like Brazil and Argentina, the market for agricultural surfactants is predicted to increase significantly during the forecast period. Agricultural surfactant demand is predicted to be moderate throughout the Middle East and Africa over the projection period.
Competitive Dynamics
Nufarm Limited (Australia), Croda International Plc (United Kingdom), Stepan Company (United States), Monsanto Company (United States), Loveland Products, Inc. (United States), DowDuPont, Inc. (United States), BASF SE (Germany), AkzoNobel N.V. (Netherlands), Evonik Industries AG (Germany), Solvay SA (Belgium), Wilbur-Ellis Company LLC (Belgium).
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