(Food-Beverage-News.Com, March 19, 2018 ) The Global Agricultural Surfactants Market was worth USD 1.16 billion in 2017 and estimated to be growing at a CAGR of 6.7%, to reach USD 1.6 billion by 2022. Agricultural Surfactants are chemicals which enhance or support the action of pesticides such as insecticides, herbicides and fungicides. The market is expected to have high growth in the next half of decade since the demand for agricultural chemicals in on rise because of increased food demand as a result of population rise.
Agricultural Surfactants enhance the activity of pesticides by altering the properties of pesticides like its ability to spread, penetrate the target, increase or decrease the droplet size and others. This ability of surfactants improves the ability of pesticides to protect or target the organism. Agricultural Surfactants Market is driven by factors like increased food demand because of rise in population, development in farming techniques such as precision farming, increasing awareness about use of chemicals in agriculture and equipment such as tractors, dusters, sprayers and increase in commercial agriculture. However, factors like the possibility of pesticide drift, health concerns in using them and their potential harm to the environment are some of the restraints for this market. These factors may act as growth hurdles for the Agricultural Surfactants Market in certain regions.
The Global market for Agricultural Surfactants is broadly categorized into anionic, non-ionic, cationic and amphoteric on the basis of type. The amphoteric category is expected to grow at the highest rate in the next five years whereas the highest market share is of non-ionic segment. Based on application, the market is further segmented into fungicides, insecticides, herbicides and others. Herbicide segment has the largest market share followed by fungicides. By substrate type, the market is divided into bio-based and synthetic. Bio-based surfactants are expected to have higher growth rate in the coming time. Based on fertiliser type, the market is divided into nitrogenous, potassium and phosphate segments.
In the Global Agricultural Surfactants Market, North America has the largest share with percentage of 42, followed by Europe with a percentage of 23. This market in Europe has good growth as the supply of quality surfactants is increasing from important players. In the Asia-Pacific region, countries like India, China and Thailand are seen as potential markets by key players owing to factors like booming economy and rapid adoption of new technologies. Latin America is still in the early stages of adoption of this technology. Brazil has the largest market share in this region having a share of 58.7 per cent.
Some of the major competitors dominating the Global Agricultural Surfactants market are Evonik Industries AG (Germany), Akzonobel N.V. (The Netherlands), The Dow Chemical Company (U.S.), BASF SE (Germany) and Solvay S.A (Belgium) among others.
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