The global agricultural surfactants market to grow at a CAGR of 6.30% during the period 2018-2022
Global Agricultural Surfactants Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the key vendors operating in this market. The market size is estimated based on the revenue generated from the sales of agricultural surfactants to end-use industries.The production volume and retail sales have been considered while arriving at the market size of the global agricultural surfactants market.
One trend in the market is inclination toward bio-based surfactants. With the growing concern about the toxic effects of the petroleum-based surfactants and increasing crude oil prices, the demand for bio-based surfactants or biosurfactants is increasing at a steady rate.
According to the report, one driver in the market is growing demand for food due to rising population. The rapidly increasing worldwide population is a major concern for global food security and agricultural development. Population growth leads to more demand for food globally, and the shrinking arable land due to urbanization and industrialization creates a growth opportunity for agricultural surfactants to enhance the per hectare yield.
Further, the report states that one challenge in the market is adverse effects of surfactant-based agrochemicals on soil. Although agricultural surfactants are widely used in preparing various agrochemicals such as pesticides, herbicides, insecticides, and fungicides, they have an adverse effect on the environment.