Agriculture Surfactants Market Size, Key Player Revenue, SWOT, PEST & Porter’s Analysis For 2020–2027
According to a recent analysis by Emergen Research, the global market for agriculture surfactants is anticipated to reach USD 2.48 billion by 2027. Due to the increased need for agrochemicals brought on by the adoption of precision farming and controlled farming, the size of the market for agricultural surfactants is anticipated to significantly increase.
Chemical surfactants generated from oleochemical or petrochemical sources predominate the worldwide surfactants market. However, governments and surfactant producers are putting a lot of effort into switching to renewable and sustainable chemicals in practically every application because to the growing concerns for the safety of the environment and human health. Due to the fact that traditional petroleum-derived products are toxic and bio-accumulate in the marine environment, there is a significant need for biologically generated products that offer no environmental risk. Biosurfactants are microbial surfactants that perform better than chemically produced substances.
Changes in farming methods, such as greenhouse and vertical farming, and the introduction of new inventions are what are expected to drive the growth of the global market for agricultural surfactants. Due to growing strain on the world’s food production, there is an increase in demand for agrochemicals, which spurs worldwide market expansion. Additionally, underdeveloped areas and developing nations present tremendous growth prospects for the major market participants for agricultural surfactants. In order to achieve sustainability and stop environmental deterioration, manufacturers are also heavily funding research to create bio-based solutions, which promotes market expansion globally. Growth of the industry is, however, constrained by an increase in the use of genetically modified seeds and a decrease in the use of agrochemicals and pesticides.
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Some Key Highlights from the Report
Chemical synthesis of molecules derived from petroleum or petroleum is the main source of synthetic surfactants. In 2019, this category grew significantly as a result of the growing usage of surfactants in fungicides and herbicides.
The most widely utilised surfactants in the horticulture sector are non-ionic ones. They are employed because they easily break the surface tension of water and don’t hurt plants. Despite the industry’s rarity of their use, the category had the greatest share—33.6%—in 2019.
Surfactants are used in water-based herbicide sprays to disperse, emulsify, moisten, and disseminate the liquid throughout the plants. They are employed to improve the retention of spray droplets and ingredient absorption by the plants.
Leading manufacturers like DowDuPont, BASF, and Huntsman Company are present in the area, hence North America is anticipated to occupy a sizable portion of the market. In 2019, the US surpassed Canada as the region’s biggest market for component sales. This has been linked to the ongoing requirement to supply the food, feed, and biofuel industries with raw materials.
Emergen Research has segmented the global Agriculture Surfactants Market on the basis of type, substrate, application, and region:
- Type Outlook (Revenue, USD Billion; 2017-2027)
- Substrate Outlook (Revenue, USD Billion; 2017-2027)
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
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