Global Soil Wetting Agents Market - 2023-2030

Global Soil Wetting Agents Market - 2023-2030

Global Soil Wetting Agents Market reached US$ 154.12 million in 2022 and is expected to reach US$ 256.99 million by 2030, growing with a CAGR of 6.6% during the forecast period 2023-2030.

The global soil-wetting agents market has witnessed significant growth and transformations over the years. The demand for soil-wetting agents is increasing in various applications such as agriculture, turf management, horticulture, and others as they reduce the surface tension of water, allowing it to penetrate the soil more easily. This enhances water infiltration, which is crucial for maintaining optimal soil moisture levels. Hence, such factors can help in driving the global soil-wetting agents market.

Furthermore, the manufacturers are launching products into the market that can help in increasing the market growth, For instance, in January 2020, Bionema Ltd, a biopesticide technology developer, launched a biocompatible wetting agent, NemaSpreader, which increases the efficacy of beneficial nematodes up to 30%, and controllers soil and foliar insect pests. Hence, such products can help in increasing the market growth.

The liquid form of soil wetting agents accounts for the largest share in the global soil wetting agents market, as well as Asia-Pacific region remains the largest consumer of soil wetting agents, as the presence of vast agricultural land. Thus, can help in increasing the growth of the global soil-wetting agents market.

Dynamics

Increase in Turf Management Care

The sports industry, including golf courses, athletic fields, and stadiums, places a high value on turf quality. This drives the demand for soil-wetting agents as they are essential for managing moisture levels in sports turf, contributing to improved playing conditions and reduced wear and tear. Hence, such factors can help in increasing the market for global soil-wetting agents.

Furthermore, manufacturers are highly focused on this product, for instance, in June 2023, an advanced grass solutions company launched Growth Products HydroSmart (NG), the latest in surfactant technology. It is a triblock copolymer wetting agent, designed to prevent and cure hydrophobic soils. Available in li

quid, granular, and pellet form. Hence, such products can help in increasing the market growth.

Increase in Product Development

Ongoing research and development efforts lead to the creation of advanced formulations of soil-wetting agents. These formulations may offer improved effectiveness, longer-lasting effects, and enhanced compatibility with different soil types. Hence, it can help increase the adoption rate for soil-wetting agents.

Furthermore, as the manufacturer's companies are investing more in developing these soil-wetting agents, for instance, in July 2023, Precision Laboratories launched Cascade Tre. This enhanced formulation delivers trusted Cascade performance with optimized water use efficiency and turfgrass safety. The versatile rates allow turf managers to customize their watering programs to achieve their desired hydration and playability. Hence, such products can help in gaining popularity as soil-wetting agents.

Volatility of Raw Material

Surfactants, a common component in soil-wetting agents, are derived from various raw materials such as petrochemicals, and natural sources like fatty acids, and others. Fluctuations in the prices of these raw materials can directly impact the production costs of soil-wetting agents. Hence, it can hamper the market growth.

Segment Analysis

The global soil wetting agents market is segmented based on form, distribution channel, end-use product, application, and region.

Increase in demand for Effective Soil Treatment

The liquid form of soil-wetting agents shows the maximum share in the global soil-wetting agents market, farmers are highly adopting these liquid soil-wetting agents as they ensure uniform distribution and availability of moisture in the root zone, reduce evaporative water loss, and aid in water penetration. Prevents the problems of too little or too much water. It is non-toxic to plants and animals and biodegradable.

Furthermore, as the adoption rate for these liquid soil-wetting agents is rising, manufacturing companies are launching many innovative products to attract larger consumer bases. For instance, in March 2023, Fernland launched the FloraTech range - the AquaPro, AquaSport, and AquaFirm. They are advanced liquid wetting agent products specifically designed to optimize the watering regime, reduce disease pressure, and maintain your turf and playing surface's health throughout the year.

Geographical Penetration

Vast Agricultural Lands

The Asia-Pacific region shows dominance in the global soil-wetting agents’ market, as the region has a presence of vast agricultural land, the demand for the soil wetting agents is rising as they are substances that are applied to soil to improve its ability to absorb and retain water, they help in reducing the surface tension of water. Hence, such factors can help increase the market in this region

Furthermore, the presence of vast agricultural land in this region can help increase the adoption rate of soil-wetting agents, for instance, according to the Department of Agriculture, Fisheries, and Forestry report of 2022, Australian agriculture accounts for 55% of Australian land use which accounts around 427 million hectares. Hence, such high agricultural lands can drive the market in this region.

Additionally, as the demand is increasing in this region, many manufacturing companies are producing truba agrochemicals, sarex chemicals, and others are producing innovative products to attract larger consumer bases, and to expand their market size, hence, it can help in increasing the market growth.

Competitive Landscape

The major global players in the market include Radeberger Gruppe, MD BIOCOALS PVT.Ltd, Grow More Inc., BASF SE, BrettYoung, Wilbur-Ellis Company LLC, Seasol., Fuzhou Topda New Material Co., Ltd., Harmony Additives Private Limited, J. R. Simplot Company, and Yara

COVID-19 Impact Analysis

The pandemic has brought a disruption in the supply chain, many manufacturing companies were shut down due to government lockdown restrictions, which has limited the availability of products in the market, which shown an impact on the adoption rate for global soil wetting agent’s market.

By Form
• Liquid
• Granular

By Distribution Channel
• Online channels
• E-Commerce
• Hypermarkets/Supermarkets
• Others

By End Use Product
• Crop Protection Products
• Insecticides
• Pesticides
• Fungicides
• Fertilizers
• Nitrogen
• Phosphorous
• Potassium
• Others

By Application
• Turf Care
• Agriculture

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Russia
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• In July 2022, Verano365. The horticulture inputs innovation company plans to release an OMRI-listed version of their Cultivata wetting agent. Cultivata is an advanced, proprietary liquid surfactant formulation that has shown superior wetting capabilities in hydrophobic growing media.

Why Purchase the Report?
• To visualize the global soil wetting agents market segmentation based on form, distribution channel, end-use products, application, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of soil wetting agents’ market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global soil wetting agents market report would provide approximately 69 tables, 69 figures and 186 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies