The global agricultural surfactants market revenue is expected to register a moderate CAGR over the forecast period, owing to increasing adoption of modern farming techniques and raising demand for food. Agricultural surfactants are added to pesticides which increases the efficiency, thus increasing demand for pesticides is in turn expected to drive the growth of global agricultural surfactants market over the forecast period.
The global agricultural surfactants market report has been segmented on the type, application, crop type, substrate type and region.
Based on application, global agricultural surfactants market is segmented based on herbicides, fungicides, insecticides, and others. The fungicides segment is expected to witness rapid growth rate over forecast period as fungicides are widely consumed while growing fruits, vegetables, and rice, as it kills or inhibits growth of fungi and bacteria which in turn maximize the yield of crop production.
Based on crop type, the global agricultural surfactants market is segmented based on cereals & grains, fruits & vegetables, and others. The cereals & grains segment is expected to account major revenue share as compared to other crop type segment as cereals & grains is a staple food and it widely consumed worldwide.
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Based on type, the global agricultural surfactants market is segmented based on anionic, cationic, non-ionic, and amphoteric. The non-ionic segment accounts major revenue share as compared to that other type segment.
Regional segmentation includes North America, Europe, Latin America, Asia Pacific and Middle East and Africa. North America contributes major revenue share as compared to that of other region. Latin America region is expected to witness rapid growth rate over the forecast period. Increasing demand for high quality surfactants for the agricultural application in countries such as Brazil and Argentina is expected to support growth of the market in the region over the forecast period.
Some prominent players in the global agricultural surfactants market are The Dow Chemical Company BASF SE, Akzonobel N.V., Evonik Industries, Solvay, Huntsman Corporation, Clariant, Nufarm, Croda International, and Stepan Company.