The global agricultural surfactants market was valued at 2.39 billion in 2023 and is anticipated to reach USD 2.55 billion in 2024 from USD 4.31 billion by 2032, growing at a CAGR of 6.77% from 2024 to 2032.
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 is rising because of increased food demand as a result of the 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.
The 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.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
6.77% |
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Segments Covered |
By Type, Application, Substrate Type, Fertilizer Type and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Evonik Industries AG (Germany), Akzonobel N.V. (The Netherlands), The Dow Chemical Company (U.S.), BASF SE (Germany), Solvay S.A (Belgium). |
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.
Herbicide segment has the largest market share followed by fungicides.
Bio-based surfactants are expected to have a higher growth rate in the coming time.
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 a 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.
Evonik Industries AG (Germany), Akzonobel N.V. (The Netherlands), The Dow Chemical Company (U.S.), BASF SE (Germany), Solvay S.A (Belgium). These are market players that are dominate the global agricultural surfactants market.
By Type
By Application
By Substrate Type
By Fertilizer Type
By Region
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