Surface acting agents, contracted as surfactants are dispersing agents that lower the surface tension between surfaces to enhance dispersion of selected material. These materials are used in various industries, including food, textile, mining, and pharmaceuticals.
The global "agricultural surfactants market" valued USD XX billion in 2022 and is estimated to reach USD XX billion by 2029, at a CAGR of XX% during the forecast period.
In order to boost food production and quality, pest management is becoming increasingly important in both food and commercial crops. Pesticides have seen considerable expansion in all forms, including fungicides, herbicides, and insecticides, for decades, and the growing usage of pesticides is propelling the surfactants industry forward. Furthermore, as the world's population grows, so does food demand, requiring farmers all over the world to expand agricultural output. According to the statistics of The Food and Agriculture Organization (FAO), the global population is likely to reach 10 billion by 2050 and would result in a growth of over 50% in agricultural demand as compared with 2018. The increase in crop diseases and attacks by insects have created a need for the protection of crops. This has increased the demand for insecticides and pesticides. Agricultural surfactants are pesticide additives that boost the pesticide's action on crops while posing little or no harm. The market's expansion is being held back by the negative environmental impact of synthetic agricultural surfactants. The use of these surfactants in agricultural pesticides is regulated by certain state and federal governments.
Covid had a severe negative impact on the surfactant market. Demand for chemicals has been suffering a severe shock across multiple application use markets. This is mainly because Covid-19 has upset the supply chain. Also, the competitive order of producers has witnessed a change. Right now the demand for surfactants is pretty low, so the market has undergone an oversupply situation. This is because Covid-19 has restricted the free movement of labours on the farm who spray pesticides over the plants. This hindered the growth of the market during the Covid-19 period.
The global agricultural surfactants market has been segmented by application into herbicides, fungicides, insecticides, plant growth regulators, and others. The herbicides segment is expected to hold the major share in the foreseen period. They also help with weed eradication while causing no damage to the plant. The Agricultural Surfactants market is also segmented by type into Cationic, Anionic, Non-Ionic and Amphoteric. Because of their widespread usage in herbicide formulations, non-ionic surfactants have grown to become the largest section of global agricultural surfactants by type, with a share of over 50%.
By geography, the global agricultural surfactants market is segmented into North America, South America, Europe, Asia Pacific, Middle East and Africa. The large use of pesticides in countries such as China, India, and Australia made the Asia Pacific the fastest-growing major market for agricultural surfactants. Precision farming is becoming more popular, as is the usage of effective crop protection technologies like air-assisted chemical spraying, which is driving demand for high-performance adjuvants and driving market expansion in this area. The technological advancement in modern farming in North America has given a boost to the market.
The Asia-Pacific region is the fastest-growing market in the world for the agricultural surfactants market as of right now. This is because of the continuously growing population in this region. Also, there is an abundance of fertile and arable land in this region. Even the schemes provided by the government are designed in such a way that it provides maximum benefit to this industry. The increasing research and development in this industry keep increasing the demand for agricultural surfactants.
Wide range of testing services made the market competitive
The global agricultural surfactants market is consolidated with the dominance of companies such as Syngenta AG, BASF SE, ADAMA Agricultural Solutions, Monsanto, and Nufarm. The market is highly competitive with the likes of new product registrations, launches, and remarkable acquisitions. All the major agrochemical manufacturers are witnessing lucrative growth in the crop protection business.
Other key players in the market are Air Products and Chemicals, Inc., Solvay, Loveland Products, Croda International plc, Evonik Industries AG, and Wilbur-Ellis Holdings II, Inc.
Syngenta AG is a global company whose headquarters is located in Switzerland. Syngenta AG aims to advance more sustainable agriculture which is good for nature, farmers, and society. Syngenta AG supports the farmers with technologies, services, and knowledge so that can improve their yield and provide the world with better food, feed, and fiber.
Syngenta has products for improving yields for seeds such as barley, corn, cereals and vegetables. They also have products for protecting crops such as herbicides which help in the removal of weeds from the farm.
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