Agricultural Surfactants Market to be Worth $2.0 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, Dec. 14, 2022 /PRNewswire/ -- 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.

Key Industry Insights & Findings from the report:

• The anionic type segment accounted for the largest revenue share in 2021 owing to product properties, such as increasing the efficiency of pesticides, and applicability across the agrochemicals industry.
• The herbicides application segment dominated the industry in 2021 owing to the high preference for herbicides in agriculture. The insecticides segment is likely to grow at a steady CAGR over the forecast period.
• Based on substrate, the synthetic segment is expected to dominate the industry by 2030 owing to the demand for pesticides in farming.
• Based on crop type, the cereals & grains segment dominated the market in 2021 due to the high population worldwide. The fruits & vegetables segment is likely to grow at a significant CAGR over the forecast period owing to the rising health awareness among consumers.

Read 150-page market research report, "Agricultural Surfactants Market Size, Share & Trends Analysis Report By Type (Anionic, Cationic), By Application (Herbicides, Insecticides), By Substrate (Synthetic, Bio-based) By Crop Type, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Agricultural Surfactants Market Growth & Trends

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.

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 Market - Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2017 - 2030)

• Non-ionic
• Anionic
• Cationic
• Amphoteric

Agricultural Surfactants Market - Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2017 - 2030)

• Herbicides
• Insecticides
• Fungicides
• Others

Agricultural Surfactants Market - Substrate Outlook (Volume, Kilo Tons; Revenue, USD Million, 2017 - 2030)

• Synthetic
• Bio-based

Agricultural Surfactants Market - Crop Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2017 - 2030)

• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Others

Agricultural Surfactants Market - Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2017 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• Italy
• Spain
• Ukraine
• Asia Pacific
• China
• India
• Japan
• Australia
• ASEAN
• Central & South America
• Brazil
• Argentina
• Middle East & Africa
• Saudi Arabia
• South Africa

List of Key Players in Agricultural Surfactants Market

• Clariant
• Evonik Industries
• BASF SE
• Dow DuPont
• Solvay
• Bayer AG
• Nufarm
• Huntsman International LLC
• Croda International Plc
• Helena Agri-Enterprises, LLC
• Stepan Company
• Wilbur-Ellis Holdings, Inc

Check out more related studies published by Grand View Research:

• Synthetic Lubricants Market - The global synthetic lubricants market size is expected to reach USD 23.4 billion by 2030, as per the new report by Grand View Research, Inc., expanding at a CAGR of 3.7% from 2023 to 2030. The market is majorly driven by the growing automotive industry around the globe. High viscosity index of synthetic lubricants as compared to their mineral counterparts reduces friction and prevents wear and tear, which takes place in automotive engine components such as pistons, shafts, and connecting rods.
• Agricultural Adjuvants Market - The global agricultural adjuvants market size is anticipated to reach USD 4.8 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.1% from 2021 to 2028. The market is predominantly driven by the increasing demand for crop protection products in the agricultural field across the globe.
• Crop Protection Chemicals Market - The global crop protection chemicals market size is projected to reach USD 75.54 billion by 2027, expanding at a CAGR of 3.3% during the forecast period, according to a new report published by Grand View Research, Inc. Rising demand for higher crop yield to counter the food scarcity is a key factors driving for the market growth.

Browse through Grand View Research's Petrochemicals Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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