Global $2.3 Bn Agricultural Surfactants (Non-Ionic, Anionic, Cationic, Amphoteric) Markets to 2028 with CHS, BASF, Solvay, Corteva Agriscience, Evonik, Croda, Nufarm, CLARIANT, and Stepan Dominating

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Nov 27, 2023, 20:00 ET

DUBLIN, Nov. 27, 2023 /PRNewswire/ -- The "Global Agricultural Surfactants Market by Type (Non-Ionic, Anionic, Cationic, Amphoteric), Application (Herbicides, Fungicides), Substrate Type, Crop Type (Cereals & Grains, Pulses & Oilseeds, Fruits & Vegetables) and Region - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

The global agricultural surfactants market is on a growth trajectory, with projections indicating a rise from USD 1.7 billion in 2023 to USD 2.3 billion by 2028, recording a Compound Annual Growth Rate (CAGR) of 6.2%.

The report on the agricultural surfactants market provides valuable insights for market leaders and new entrants, offering revenue estimates for the overall market and subsegments. It also aids stakeholders in understanding the competitive landscape and formulating effective go-to-market strategies. The report delves into key market drivers, restraints, challenges, and opportunities, offering a comprehensive understanding of the market dynamics.

This growth is attributed to the widespread adoption of precision farming practices, which rely on surfactants to enhance the efficiency of agrochemical applications.

Precision farming practices, characterized by targeted and efficient agrochemical application, align seamlessly with the benefits that surfactants bring. These compounds enhance pesticide coverage and absorption, ensuring optimal performance on crop surfaces.

As precision farming becomes integral to modern agriculture, the demand for surfactants facilitating precise and consistent chemical delivery is on the rise. By maximizing agrochemical efficacy and minimizing waste, surfactants play a pivotal role in enhancing the productivity and sustainability of precision farming systems, driving their increased integration and the growth of the agricultural surfactants market.

Synthetic surfactants lead the market due to their consistent performance, versatility, and tailor-made properties. Their precise chemical compositions offer reliable and predictable effects on various agrochemical formulations, ensuring consistent results in diverse agricultural contexts. Scalability in production makes synthetic surfactants economically viable for widespread adoption.

Non-ionic surfactants, known for their versatility, compatibility, and environmental safety, are anticipated to hold the largest market share by 2028. Their wide range of applications, compatibility with various water qualities and pH levels, and environmental friendliness make them a reliable choice for farmers. Non-ionic surfactants are less likely to cause phytotoxicity or plant damage, aligning with the growing demand for sustainable agriculture practices.

Herbicides are the primary application segment for agricultural surfactants, projected to experience significant growth and hold the largest market share. Surfactants play a pivotal role in optimizing herbicide effectiveness by enhancing coverage, spreading, and adhesion on plant surfaces. This ensures thorough contact and absorption by targeted weeds, resulting in higher weed control and overall agrochemical efficiency.

North America is expected to lead the agricultural surfactants market, accounting for 37.2% of the market share during the forecast period. The region's advanced agricultural practices, focus on crop yield optimization, and adoption of precision agriculture methods drive substantial demand for surfactants. Additionally, stringent environmental regulations have encouraged the use of surfactants to reduce chemical wastage and environmental impact.

Prominent companies in the agricultural surfactants market include CHS Inc. (US), BASF SE (Germany), Solvay (Belgium), Corteva Agriscience (US), Evonik (Germany), Croda International Plc (UK), Nufarm (Australia), CLARIANT (Switzerland), and Stepan Company (US).

Premium Insights

Need for Adopting High-Quality Pesticides in Agriculture Sector to Drive Market
Non-Ionic Segment and Us to Account for Significant Share in 2023
US to Account for Largest Share in 2023
Non-Ionic Segment to Account for Largest Share in 2023
Synthetic Segment to Dominate Market in 2023
Herbicides Segment to Account for Largest Share in 2023
Cereals & Grains Segment to Lead Market in 2023
Herbicides Segment to Dominate North American Market by 2028

Case Studies

Evonik Developed Sustainable Surfactants to Encourage Environmentally Friendly Crop Protection
Wilbur-Ellis Developed Non-Ionic Surfactants to Improve Deposition Quality of Organic Products

Industry Dynamics

Macroeconomic Indicators

Population Growth and Decrease in Arable Land
Increase in Farm Expenditure
Share of Total On-Farm Production Expenditure

Drivers

Adoption of Precision Farming and Protected Agriculture
Increase in Demand for Green Solutions

Restraints

Strict Regulations Regarding Use of Synthetic Surfactants
Rising Use of Genetically Modified Seeds

Opportunities

Production of Sustainable Bio-Based Surfactant Products
Development of Cost-Effective Production Techniques

Challenges

Rising Environmental Concerns

Industry Trends

Research and Product Development
Raw Material Sourcing
Production and Processing
Packaging
Distribution
Marketing and Sales

Technology Analysis

Microbial Biosurfactants
Biosurfactant Microemulsion Systems

Company Profiles

Key Players

Corteva Agriscience
Basf Se
Evonik Industries
Solvay
Clariant
Chs Inc.
Nufarm
Croda International plc
Stepan Company
Helena Agri-Enterprises, LLC
Winfield United
Kalo
Wilbur-Ellis Company LLC
Brandt, Inc.
Nouryon

Startups/Smes

Precision Laboratories, LLC
Garrco Products, Inc.
Innvictis
Lankem Ltd.
Indofil Industries Limited

For more information about this report visit https://www.researchandmarkets.com/r/mp15g0

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