Agricultural Surfactants Market Synopsis
The Agricultural Surfactants Market is estimated to expand at a staggering CAGR over the assessment period (2018-2023) owing to the adoption of advanced technologies, asserts Market Research Future (MRFR). Agricultural surfactants are additives used in agrochemical formulations to improve the effectiveness of agricultural pesticides. They decrease the surface tension of water in the spray solution of pesticides, thus improving the spreading ability, wettability, penetration, and retention on the leaf surface.
Some of the key players operating the Agricultural Surfactants Market Report are Clariant International AG (Switzerland), Stepan Company (U.S.), BASF SE (Germany), Solvay SA (Belgium), Nufarm Limited (Australia), Croda International Plc (U.K.), Helena Agri-Enterprises LLC (U.S.), AkzoNobel N.V. (Netherlands), DowDuPont Inc. (U.S.), Loveland Products Inc. (U.S.), Wilbur-Ellis Company LLC (U.S.), CEFIC (Belgium), Evonik Industries AG (Germany), Monsanto Company (U.S.), Huntsman International LLC. (U.S.), and more.
Drivers and Constraints Impacting the Market
Adoption of latest technologies such as agriculture 4.0 along with modern agricultural practices is anticipated to foster the market growth over the assessment period. Food security is a global concern in the recent days which is another factor propelling the market growth. Owing to the bio-degradable, environment-friendly, and less toxic characteristics, the bio-based surfactants market is predicted to expand during the review period and offer new growth opportunities to market players.
Agricultural Surfactants Market: Segmental Analysis
The global Agricultural Surfactants Market has been segmented on the basis of substrate type, product type, application, crop type, and region.
By mode of product type, the market has been segmented into anionic, non-ionic, cationic, and amphoteric. The non-ionic segment held the maximum market share in 2017 due to its extensive consumption in fungicides, herbicides, and insecticides owing to its good spreading and good wetting characteristics.
By mode of application, the market has been segmented into fungicides, herbicides, plant growth regulators, insecticides, and others. Among these, the herbicides segment accounted for the maximum share in 2017 due to extensive consumption in herbicide formulation in order to improve spreading, dispersing, wetting, penetration, retention, and surface modifying properties of herbicide liquids.
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The North American region holds the largest market share in terms of market consumption owing to high expenditure on agriculture, established agricultural industry emphasis on technologically advanced farming products and techniques.
Asia Pacific is estimated to be the fastest growing market and is likely to maintain its dominance over the review period. Agricultural growth owing to the expanding population, agricultural dependent occupation population, fertile and arable land, profitable government schemes, and others are likely to contribute to the market growth in this region.
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Latin America is estimated to showcase a significant demand owing to the expanding agricultural industry in regions such as Argentina and Brazil. Meanwhile, the Middle East and Africa are predicted to exhibit a moderate demand over the assessment period.
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