The global agricultural surfactants market size was USD 1,392.8 million in 2019 and is projected to reach USD 1,927.5 million by 2027, exhibiting a CAGR of 5.1% during the forecast period. The growth is attributed to the increasing population rate and the growing demand for crop protection that is driving the adoption of advanced agricultural surfactants globally. This information is published by Fortune Business Insights, in its latest report.
Surfactants are surface-acting agents that lower water surface tension. In agriculture, they enhance the efficiency of pesticides, ensuring better crop protection. According to EU data, France sold about 82 million kg of pesticides in 2018. Rising agrochemical demand, supported by precision farming and modern cultivation practices, is expected to drive the agricultural surfactants market growth.
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DRIVING FACTORS:
What is driving the growth of the agricultural surfactants market?
The rising global population, expected to reach 8.5 billion by 2030 and 9.7 billion by 2050, is boosting food demand. This pushes agriculture to focus on higher-quality yields, increasing the need for advanced agricultural surfactants. Supportive government regulations promoting sustainable farming and greater emphasis on crop protection are also contributing to market growth.
SEGMENTATION:
By Type:
Which type of surfactant dominates the market?
The non-ionic segment holds the largest share and is expected to remain dominant due to its neutral nature, stability in cold water, low toxicity, and strong dispersing ability. Non-ionic surfactants are compatible with herbicides, fungicides, insecticides, and plant growth regulators.
By Application:
Which application segment leads the agricultural surfactants market?
The herbicides segment dominates as surfactants improve spraying efficiency, reduce wastage, and allow herbicides to target unwanted plants without harming crops. Growing demand from forestry, pasture systems, and wildlife habitat management also supports market growth.
REGIONAL INSIGHTS:
Which region leads the agricultural surfactants market?
North America leads due to technological advancements in agriculture, including genetically modified seeds and sustainable farming practices. The market in North America was valued at USD 582.9 million in 2019.
How is the Asia-Pacific market performing?
The Asia-Pacific market is expected to grow rapidly due to its large population and increasing demand for high-quality food in countries like China, India, and Japan.
COMPETITIVE LANDSCAPE: