Agricultural Spray Surfactants Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Agricultural Surfactants Market
The agricultural surfactants market size was valued at USD 13.92 billion in 2023, and the market is now projected to grow to 19.27 USD billion by 2032, exhibiting a CAGR of 5.1% during the forecast period of 2023-2030.
This has affected the overall supply and demand chains of the particular market. As a result of the government's lockdown and other steps to stop the coronavirus from spreading, all supply activities were postponed, which decreased the amount of product related to this domain. One of the main industries adding to global economies' GDP is agriculture. Amidst the pandemic, lives and livelihoods are in grave danger. In certain countries, the virus is resurfacing quickly, while in others, its spread is slower. With the exception of emergency response and critical services, all production and service operations have been temporarily controlled to cease operations due to the World Health Organization's and other regulatory bodies' code of conduct and regulations. These factors affected the agricultural surfactants market growth.
This is the major factor attributing the growth of this particular market. This factor is majorly involved in taking the revenue numbers above the skies and soaring greater heights and also the sales and demands have been proliferation and increased its value to greater extent. A lot of growth has been observed in the recent times because of this particular factor that contributed and aslo acted as a catalyst to the overall development of the product market. This has ultimately outraged the sales and demand for this particular market growth and prosperity. Food demand has significantly increased as a result of the world's population growth. Research from the Food & Agricultural Organization (FAO) indicates that the amount of land available for cultivation is decreasing, which will likely lead to problems with food supply in the years to come. The desire for greater yields and to further secure the development of a superior quality crop has been fueled by the rising incidence of numerous crop diseases and insect attacks. These particular growth driving factors have been recorded to attribute the agricultural surfactants market share.
A latest trend has been witnessed to proliferate the market growth. This particular trend has been recorded to be the most profiting trends that have been upgraded to augment the overall market growth. The detrimental effects of synthetic agricultural surfactants on both humans and the environment have been demonstrated by recent studies. The field of green chemistry, which aids in lowering carbon emissions, has seen substantial advancements. Recently, researchers came out with a way to produce bio-surfactant. It is anticipated that this will support sustainable farming practices. A lot of specifications have been made to this particular product which has benefited the market growth. This specific trend has influenced the market growth so much so that the revenue and share numbers of this particular product is touching the skies and soaring over.
Comprehensive Analysis of Green Tea Market
The segmentation of this particular market has been divided and then further subdivided into various categories. Agricultural surfactants are classified into four types: cationic, anionic, non-ionic, and amphoteric. The herbicides sector is anticipated to maintain a significant market share throughout the projection period. Herbicides, sometimes referred to as weed killers, are specialized formulas used on farms to manage undesirable plants. The market is divided into herbicides, insecticides, fungicides, and others according to their intended use. The cereals and grains, fruits and vegetables, and other crop types are the different segments of the market.
This particular region has augmented a lot in the past few years in this particular product market. This specific region held the biggest revenue share. Throughout the projection period, North America is probably going to hold the largest share of the global market. A sizable agrochemical production base is anticipated to support the market expansion for agricultural surfactants. One of the major producers of food crops is the United States, and the country's contemporary farming practices and technical advancements have increased demand for agrochemicals. This particular region is actually growing a lot and is anticipated to augment more over the years. This particular region has experienced immense proliferation in the market shares and has attributed to the global market revenue.
Global markets are fiercely competitive and highly fragmented. Due to their creative packaging solutions, a few group of large market companies hold a fair amount of market share. Some of the major Companies includes BASF SE (Germany), AkzoNobel (Netherlands), Evonik (Germany), Solvay (Belgium), Huntsman Corporation (U.S.), Nufarm (Australia), and Clariant (Switzerland).
In October 2021, This particular company has attributed the market growth in terms of revenue and shares system. The price of a number of fatty alcohol, betaine, and sulfate product lines was raised by BASF Care Chemicals North America by USD 0.02 to USD 0.09 per kilogram. Amphoteric surfactants of betaine are commonly found in shampoos, skin cleansers, shower gels, and bath soaps. This particular development and investment the global market has been recorded to be a boon for the market growth.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Volume (Kilo Tons); Value (USD Million)
Segmentation Type; Application; Crop Type; and Geography
By Type
Cationic
Non-ionic
Anionic
Amphoteric
By Application
Herbicides
Fungicides
Insecticides
Others
By Crop Type
Cereals & Grains
Fruits & Vegetables
Others
By Geography
North America
By Type
By Application
By Crop Type
By Country
The U.S.
By Application
Canada
By Application
Mexico
By Application
Europe
By Type
By Application
By Crop Type
By Country
Germany
By Application
UK
By Application
France
By Application
Italy
By Application
Spain
By Application
Rest of Europe
By Application
Asia Pacific
By Type
By Application
By Crop Type
By Country
China
By Application
India
By Application
Japan
By Application
South Korea
By Application
Rest of Asia Pacific
By Application
South America
By Type
By Application
By Crop Type
By Country
Brazil
By Application
Argentina
By Application
Rest of South America
By Application
The Middle East & Africa
By Type
By Application
By Crop Type
By Country
South Africa
By Application
Saudi Arabia
By Application
Rest of Middle East & Africa
By Application