Global Agricultural Surfactants Market Overview 2024: Size, Growth Rate, and Segments
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The agricultural surfactants global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Agricultural Surfactants Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The agricultural surfactants market size has grown strongly in recent years. It will grow from $1.64 billion in 2023 to $1.77 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to shift towards eco-friendly solutions, growing emphasis on crop protection, adoption of precision agriculture, increasing agriculture sector.
The agricultural surfactants market size is expected to see strong growth in the next few years. It will grow to $2.3 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to expansion of horticulture and floriculture sectors, growth in organic farming, environmental concerns and sustainable solutions, rise in precision agriculture practices, increasing demand for agrochemicals., increasing demand for food. Major trends in the forecast period include technological advancements in formulations, adoption of non-ionic surfactants, regulatory compliance and safety, focus on crop yield enhancement, development of adjuvant technologies, environmentally friendly formulations.
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Scope Of Agricultural Surfactants Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Agricultural Surfactants Market Overview
Market Drivers –
An upsurge in the adoption of precision farming is expected to drive the growth of the agricultural surfactants market going forward. Precision farming is the process of monitoring, analyzing, and reacting to a wide range of inter and intra-field variable inputs in modern agriculture. Agricultural surfactants are used in precision farming to reduce pesticide usage and improve functionality. For instance, in March 2021, according to the data published by Purdue University, a US-based university associated with science, technology, and engineering, the cost/profit mapping of precision farming increased to 55% in 2022 from 38% in 2019. Therefore, an upsurge in the adoption of precision farming will drive the growth of the agricultural surfactants market.
Market Trends –
The production of biodegradable anionic surfactant products is a key trend gaining popularity in the agricultural surfactant market. Biodegradable anionic surfactants are surface-active agents that exhibit the property of breaking down into environmentally benign substances through natural biological processes, reducing environmental impact. Major players in the agricultural surfactants sector are focused on the production of a biodegradable anionic surfactant to strengthen their position in the market. For instance, in April 2022, BASF SE, a Germany-based, multinational chemical company, launched Plantapon Soy, a soy-based biodegradable, anionic surfactant. It is acceptable for both vegan compositions and natural cosmetic norms and is derived from non-GMO (genetically modified organism) soybeans supplied from Europe. Since Plantation Soy is entirely natural, it completely satisfies the criteria of the ISO 16128 standard.
The agricultural surfactants market covered in this report is segmented –
1) By Type: Non-Ionic, Anionic, Cationic, Amphoteric
2) By Source: Synthetic, Bio-based
3) By Crop: Row Crops, Horticulture Crops, Vegetables, Plantation Crops
4) By Application: Insecticide, Herbicide, Fungicide, Other Applications
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Regional Insights –
North America was the largest region in the agricultural surfactants market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agricultural surfactants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the agricultural surfactants market report are Nufarm Limited, Croda International plc, Stepan Company, Loveland Products Inc., DowDuPont Inc., BASF SE, AkzoNobel N.V, Evonik Industries AG, Solvay SA, Lamberti SPA, Brandt Consolidated Inc., Garrco Products Inc., Air Products and Chemicals Inc., Kao Corporation, Nouryon Company, Syngenta Group Co. Ltd., Adama Ltd., Corteva Inc., Huntsman Container Corporation, Clariant AG, Helena Agri-Enterprises LLC, Innospec Inc., Land O’Lakes Inc., Oxiteno S A Industria e Comercio, Gowan Company, Vive Crop Protection Inc., Société d’exploitation pour les produits de l’industrie chimique, Wilbur-Ellis Holdings, Performance Nutrition, Nutrien Ltd., Bell Laboratories Inc., Precision Laboratories LLC, Willowood USA LLC., Verdesian Life Sciences
1. Executive Summary
2. Agricultural Surfactants Market Report Structure
3. Agricultural Surfactants Market Trends And Strategies
4. Agricultural Surfactants Market – Macro Economic Scenario
5. Agricultural Surfactants Market Size And Growth
…..
27. Agricultural Surfactants Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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