Global Agricultural Surfactants market overview 2024, Forecast To 2033
28 Feb, 2024
The agricultural surfactants market size has demonstrated significant expansion in recent years, soaring from $1.64 billion in 2023 to$1.77 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. This growth in the historic period is attributed to the shift towards eco-friendly solutions, a growing emphasis on crop protection, the adoption of precision agriculture, and the overall expansion of the agriculture sector. Looking ahead, the market size is expected to continue its strong growth trajectory, reaching $2.3 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. This anticipated growth is fueled by factors such as the expansion of horticulture and floriculture sectors, growth in organic farming, environmental concerns, sustainable solutions, precision agriculture practices, and the increasing demand for agrochemicals and food.
Global Agricultural Surfactants Market Key Driver
A surge in precision farming adoption is set to propel the agricultural surfactants market growth. Precision farming involves monitoring, analyzing, and responding to various intra and inter-field variables in modern agriculture. Agricultural surfactants play a crucial role in precision farming by reducing pesticide usage and enhancing functionality. For instance, by March 2021, Purdue University reported a significant increase in cost/profit mapping for precision farming, rising to 55% in 2022 from 38% in 2019. Consequently, the uptick in precision farming adoption is expected to fuel the growth of the agricultural surfactants market.
Get A Free Sample Of The Global Agricultural Surfactants Market ReportGlobal Agricultural Surfactants Market Segments
The global agricultural surfactants market covered in this report is segmented –
1) By Type: Non-Ionic, Anionic, Cationic, Amphoteric
2) By Source: Synthetic, Bio-based
3) By Crop: Row Crops, Horticulture Crops, Vegetables, Plantation Crops
4) By Application: Insecticide, Herbicide, Fungicide, Other Applications
By Geography: The regions covered in the agricultural surfactants market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the agricultural surfactants market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agricultural surfactants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Agricultural Surfactants Industry Players
Nufarm Limited, Croda International PLC, Stepan Company, Loveland Products Inc., DowDuPont Inc., BASF SE, AkzoNobel N.V, Evonik Industries AG, Solvay SA, Lamberti SPA, Brandt Consolidated Inc., Garrco Products Inc., Air Products and Chemicals Inc., Kao Corporation, Nouryon Company, Syngenta Group Co. Ltd., Adama Ltd., Corteva Inc., Huntsman Container Corporation, Clariant AG, Helena Agri-Enterprises LLC, Innospec Inc., Land O'Lakes Inc., Oxiteno S A Industria e Comercio, Gowan Company, Vive Crop Protection Inc., Société d'exploitation pour les produits de l'industrie chimique, Wilbur-Ellis Holdings, Performance Nutrition, Nutrien Ltd., Bell Laboratories Inc., Precision Laboratories LLC, Willowood USA LLC., Verdesian Life Sciences
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Agricultural Surfactants Market Overview
Agricultural surfactants are adjuvants that are used with pesticides and other agricultural liquids to emulsify, distribute, spread, moisten, or display other surface-modifying properties. It is used to lower surface tension so liquid can enter the surface more easily.
Agricultural Surfactants Global Market Report 2023 provides data on the global agricultural surfactants market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The agricultural surfactants market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.