Europe Agricultural Surfactants Market was valued at USD 310.86 million in 2023 and is anticipated to reach USD 333.55 million in 2024 from USD 586.09 million by 2032, growing at a CAGR of 7.3%, 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 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.
Europe's 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, and sprayers, and an 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.
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.
Europe has the second-largest share in this market. Factors such as the high rate of adoption of new technologies so that the productivity of farm operations can be improved and costs can be cut down is expected to drive this industry’s growth in the region.
Some of the major competitors dominating the European Agricultural Surfactants market are Evonik Industries AG (Germany), Akzonobel N.V. (The Netherlands), The Dow Chemical Company (U.S.), BASF SE (Germany), and Solvay S.A (Belgium) among others.
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