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Agricultural Surfactants Market Analysis, Growth, Share, Trends, and Forecast - 2022

11-05-2019 12:29 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets™

Agricultural Surfactants Market

Agricultural Surfactants Market

The report "Agricultural Surfactants Market by Type (Non-ionic, Anionic, Cationic, Amphoteric), Application (Herbicides, Fungicides), Substrate Type (Synthetic, Bio-based), Crop Type (Cereals & Grains, Fruits & Vegetables), and Region - Global Forecast to 2022", The agricultural surfactants market was valued at USD 1.37 Billion in 2017 and is projected to reach USD 1.88 Billion by 2022, growing at a CAGR of 6.46%. Due to the growing demand for agrochemicals and the adoption of precision farming and protected cultivation, the market for surfactants is expected to grow in the coming years.

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Increase in demand for green solutions

The global surfactants market is primarily dominated by chemical surfactants derived from oleochemical or petrochemical sources. However, due to the rising concerns for the safety of the environment as well as human health, the governments and surfactant manufacturers are majorly focusing on shifting to renewable and sustainable products in almost every application. This has led to high demand for biologically derived products that pose a negligible threat to the environment as compared to the conventional petroleum-derived products that are toxic in nature and bio-accumulate in the marine environment. Biosurfactants are microbial surfactants having superior functionality when compared to chemically synthesized agents. These types of surfactants are considered eco-friendly raw materials due to their high level of safety and biodegradability. The rising awareness among consumers for the use of renewable and natural ingredients in their day-to-day products is boosting the demand for biosurfactants and the development of greener solutions for various applications such as cosmetics, pharmaceuticals, industrial cleaning, and biochemicals. The manufacturers are, therefore, keen to adapt to this changing trend of utilizing green solutions in their products.

The fungicides segment is projected to grow at a higher rate during the forecast period.

The fungicides segment is projected to grow at a higher CAGR during the forecast period; this growth is attributed to the growing usage of surfactants in fungicide formulations to improve the adhesion of fungicides to the crops. In addition, combining fungicides and surfactants increases the efficacy of the existing control options by helping fungicides stick to plant surfaces.

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The North American region is estimated to dominate the market in 2017 while the South American region is projected to grow at the highest rate during the forecast period.

The North American region accounted for the largest share due to the presence of players such as DowDuPont (US), Huntsman Corporation (US), Helena Chemical (US), and Stepan Company (US). Moreover, the presence of these companies in technologically advanced countries such as the US and Canada results in an increase in the adoption of surfactants in agriculture.

The South American region is projected to grow at the highest rate during the forecast period. This growth can be attributed to the increasing need for high-quality surfactants for the agricultural application.

This report includes a study of the marketing and development strategies, along with the product portfolios of leading companies. It also includes the profiles of leading companies such as DowDuPont (US), BASF (Germany), AkzoNobel (Netherlands), Evonik (Germany), and Solvay (Belgium).

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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