Global Agricultural Surfactant Market Anticipated to Reach $1.85 billion by 2024

According to a new market intelligence report by BIS Research titled ‘Global Agricultural Surfactant Market - Analysis and Forecast, 2018-2024’, the agricultural surfactant market is expected to reach $1.85 billion by 2024, increasing at a CAGR of 6.50% from 2019 to 2024. The growth of the market is largely attributed to the adoption of protected cultivation and precision farming in the agriculture industry.

Browse more than 60 Data Tables and 139 Figures spread through 253 Pages and in-depth ToC on “Global Agricultural Surfactants Market”.
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Plant and crop protection has gradually become one of the major concerns while meeting the never-ending food demand prevalent across the globe. Based on the data from 2007 to 2013, the Weed Science Society of America (WSSA) estimated that the annual potential loss in value due to weeds and pests for crops such as corn and soybean at $27 billion and $16 billion, respectively.

In the past, such cases resulted in the loss of around 20-40% of the agricultural productivity. Identifying this pattern of increasing demand of crop/plant safety, various companies have currently come up with a range of agricultural surfactants, which assist in maximizing the quality, productivity, and sustainability in agricultural production systems, disease vector management in public health systems, and in other industrial and residential areas.

The green crop protection is a framework which was formed in 2009 by the Dutch and the European Union and focuses on increasingly replacing the chemical used for crop protection with green crop protection products. Increasing adoption of the “green crop protection” concept across the globe is driving the demand of agricultural surfactants, since these are important for managing the increasing concern over pesticide residues on food and the problem of pest resistance.

Significant reduction of maximum residue limit (MRLs) by regulators in many countries is a growing trend that is expected to continue in the coming years as well. Additionally, agricultural surfactant products are a valuable option because these provide sustainability, crop quality, and harvest flexibility benefits. The companies present in agricultural surfactant market have engaged in numerous business expansions to improve their market presence. It is expected that by 2020 more traditional agrochemical companies will enter the agricultural surfactant industry and resources will consolidate further.

BIS Research Report:

According to Sonal Rawat, Analyst at BIS Research, “In 2018, agricultural surfactant market by type is dominated by non-ionic surfactants. Non-ionic surfactants are the most commonly used surfactant is the agriculture industry because of their compatibility with majority of the pesticides used as a crop protection chemical. Some of the commonly used non-ionic surfactants are ethoxylated fatty alcohols, ethoxylated fatty acids, and ethoxylated alkyl phenols. Non-ionic surfactants enable better pest control with reduced consumption of pesticides, resulting in higher yield. Moreover, non-ionic surfactants are widely used in the agriculture industry, as they are less expensive as compared to anionic and cationic surfactants. It is also used in controlling diseases caused by fungal zoospores, when it is mixed with growing media as a part of soil treatment."

Some of the most prominent players in the agricultural surfactant market include BASF SE, Croda Chemicals, DowDuPont, Evonik Industries, Huntsman Corporation, Nufarm, Clariant International, Lamberti S.p.A, Helena Chemical Company, and Wilbur Ellis. The result of the emerging strategies and developments are already surging the market in the form of business expansions and contracts. Moreover, the growing market of agricultural surfactants is further expected to increase the involvement of companies across different segments of the value chain.

Majority of the companies preferred entering into business expansion and contract to enhance their presence while the relatively less adoptive strategies comprised product launches, partnerships, collaborations, and joint ventures. Business expansions and contracts across the value chain of the agriculture surfactant industry presented a major strategic move made by a large number of companies since 2016. For instance, in March 2019, Nufarm acquired Syngenta and Adama Agriculture Solution Ltd. to capture its product portfolio of crop protection and to strengthen its market position. Earlier, in March 2018, Stepan Company acquired the surfactant production facility of BASF Mexicana, S.A.DE C.V., to enhance the role of Stepan Company as a surfactant supplier in the Latin American market.

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This report is a meticulous compilation of research on more than 100 players in the agricultural surfactant ecosystem and draws upon insights from in-depth interviews with the key opinion leaders of more than 40 leading companies, market participants, and vendors. The report also profiles 17 leading companies across the agricultural supply chain. Key profiles include BASF SE, Croda Chemicals, DowDuPont, Evonik Industries, Huntsman Corporation, Nufarm, Clariant International, Lamberti S.p.A, Helena Chemical Company, and Wilbur Ellis among others.

Key Questions Answered in the Report:

• What is the global agricultural surfactants market size in terms of revenue from 2018 to 2024, and What is the expected growth rate during the forecast period 2019-2024?

• What is the revenue generated for different crop type such as grains, fruits and vegetables, and others?

• What is the revenue generated by the different types such as anionic, cationic, non-ionic and amphoteric in the agricultural surfactant market?

• What is the market size and opportunities of agricultural surfactants across different regions?

• What is the revenue generated for crop type for types in different regions?

• What are the major driving forces that are expected to increase the demand for the global agricultural surfactants market during the forecast period?

• What are the key trends and opportunities in the market pertaining to global agricultural surfactants?

• What are the major challenges inhibiting the growth of the global agricultural surfactants market?

• What type of new strategies are currently being adopted by the existing market players to expand their market position in the industry?

• What is the competitive strength of the key players in agricultural surfactants market on the basis of analysis of their recent developments, product offerings, and regional presence?

• What is the regulatory landscape in different regions for agricultural surfactants?

Bhavya Banga
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