Agricultural Surfactants Market

Agricultural Surfactants Market Size & Growth 2022 - 2027

Agricultural Surfactants Market was worth USD 2.1 billion in 2021 and is estimated to be growing at a CAGR of 6.77%, to reach USD 3.2 billion by 2026.

Agricultural Surfactants are chemicals that enhance or support the action of pesticides such as insecticides, herbicides, and fungicides.  The market is expected to have high growth in the next half of the decade since the demand for agricultural chemicals in on rising because of increased food demand as a result of population rise. Agricultural Surfactants enhance the activity of pesticides by altering the properties of pesticides like their ability to spread, penetrate the target, increase or decrease the droplet size, and others. This ability of surfactants improves the ability of pesticides to protect or target the organism.

Drivers and Restraints:

Agricultural Surfactants Market is driven by factors like increased food demand because of the rise in population, development in farming techniques such as precision farming, increasing awareness about the use of chemicals in agriculture, and equipment such as tractors, dusters, sprayers, and increase in commercial agriculture. However, factors like the possibility of pesticide drift, health concerns in using them and their potential harm to the environment are some of the restraints for this market. These factors may act as growth hurdles for the Agricultural Surfactants Market in certain regions.

AGRICULTURAL SURFACTANTS MARKET REPORT COVERAGE:

Market Segmentation:

Agricultural Surfactants Market – By Type:

• Anionic

• Non-ionic
• Cationic and amphoteric

The amphoteric category is expected to grow at the highest rate in the next five years whereas the highest market share is of the non-ionic segment.

Agricultural Surfactants Market – By Application:

• Fungicides
• Insecticides
• Herbicides
• Others

Herbicide segment has the largest market share followed by fungicides.

Agricultural Surfactants Market – By Substrate Type:

• Bio-based and synthetic

Bio-based surfactants are expected to have a higher growth rate in the coming time.

Agricultural Surfactants Market – By Fertilizer Type:

• Nitrogenous
• Potassium and phosphate segments

The Market is Geographically divided into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa 

In the Global Agricultural Surfactants Market, North America has the largest share with a percentage of 42, followed by a percentage of 23. This market in Europe has good growth as the supply of quality surfactants is increasing from important players. In the Asia-Pacific region, countries like India, China, and Thailand are seen as potential markets by key players owing to factors like booming economy and rapid adoption of new technologies. Latin America is still in the early stages of the adoption of this technology. Brazil has the largest market share in this region having a share of 58.7 percent.

Key Players:

• Evonik Industries AG (Germany)
• Akzonobel N.V. (The Netherlands)
• The Dow Chemical Company (U.S.)
• BASF SE (Germany)
• Solvay S.A (Belgium)