Agricultural Surfactant Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Agricultural Surfactant Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The global market for agricultural surfactants is projected to register a CAGR of 6.9% during the forecast period.

Key Highlights

• BASF and Ecover are the two top surfactant manufacturers, who have ventured into the biosurfactant market. This may help both the companies to increase production and stabilize the prices of their products.
• The recent trend of high demand for environment-friendly surfactants has encouraged companies to increase their research in the field. Dow Corning launched their new product- “silicone surfactant”, which enhances the performance of the active products in herbicides, insecticides, fungicides, foliar nutrients, and plant growth regulators, to provide effective crop protection.

Key Market TrendsRising Demand for Food and Shrinking Land Driving the Market

The global population is increasing exponentially and every day nearly 200,000 people are getting added to the world food demand. According to the US population division, the world’s human population has increased nearly fourfold in the past 100 years, and it is projected to reach 9.2 billion by 2050. Supplying food to this growing population has become a global threat. Farmland per capita in 2030 is expected to decrease to 1800 m² from 2,200 m² in 2005. Making the scenario worse, various crop pests are causing 10%-16% of global crop losses annually. Therefore, to meet global food demand, crop protection is the key strategy adopted by farmers. The demand for crop protection chemicals is further driving the market for agricultural surfactants.

North America Dominates the Agricultural Surfactant Market

North America holds the largest part of the agricultural surfactant market at 35%. The region is expected to grow at a steady rate during the forecast period, especially with the aim of the various government initiatives to increase yield and maintain a continuous supply of raw materials for the food, feed, and biofuel industries.

Competitive Landscape

The market for agricultural surfactants is fragmented. The key players in the market have been following expansion strategy to explore new regions by means of acquisitions, new product launches, expansion and investments, agreements, partnerships, collaborations, and joint ventures. Investment in research and development is another strategy adopted by market leaders. Some of the major players in the market are Evonik Industries AG, Dow Corning Corp., Akzonobel NV, and Solvay SA (Belgium).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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