The global Agricultural Surfactants Market size is anticipated to reach USD 2.0 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.3% from 2022 to 2030. An increase in the world population is fostering the demand for food, which is propelling the growth of the industry. The COVID-19 pandemic had a negative impact on the industry as it disrupted the supply chain causing a shortage of raw materials, and further inflating prices. The shrinking arable lands and rising need for agricultural products have propelled the demand for agricultural surfactants in applications, such as herbicides, insecticides, and fungicides, among others, and increased the efficiency of these pesticides. It led to a positive impact on growth. Mergers & acquisitions, agreements, R&D activities, and expansions are the key strategies adopted by industry players.
For instance, in August 2021, Univar Solutions Inc., a global chemical and ingredient distributor, agreed to serve as Solvay's distribution partner in the Brazilian agrochemical sector. The new arrangement covers Solvay's agrochemical defensives, adjuvants, and fertilizers product line and will assist Brazil's rapidly increasing agricultural industry. Asia Pacific held the largest share in 2021 and is expected to retain its dominance over the forecast period. Europe is anticipated to expand at a steady CAGR over the forecast period. The market growth in APAC is attributed to the rising demand for agricultural surfactants in pesticide applications. In February 2022, Clariant launched Vita 100% bio-based surfactants and Polyethylene Glycols (PEGs) line, accelerating the transition to renewable carbon and eliminating fossil carbon from the production chain.
List of Key Players in Agricultural Surfactants Market
Related Press Release@ Agricultural Surfactants Market Report
Agricultural Surfactants Market Report Highlights
Agricultural Surfactants Market Segmentation
Grand View Research has segmented the global agricultural surfactants market based on type, application, substrate, crop type, and region:
Agricultural Surfactants Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2017 - 2030)
Agricultural Surfactants Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2017 - 2030)
Agricultural Surfactants Substrate Outlook (Volume, Kilo Tons; Revenue, USD Million, 2017 - 2030)
Agricultural Surfactants Crop Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2017 - 2030)
Agricultural Surfactants Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2017 - 2030)