Agricultural Surfactants Market Size, Share, Growth Analysis, By Product type(Non-ionic, Anionic, Cationic, Amphoteric), By Application(Herbicides, Fungicides, Insecticides, fertilizers), By Substrate type(Synthetic, Bio-based), By Crop type(Cereals & grains, Fruits & vegetables, sugarcane, plantation crops), By Region - Industry Forecast 2024-2031

Agricultural Surfactants Market size was valued at USD 1.3 billion in 2019 and is poised to grow from USD 1.37 billion in 2023 to USD 2.18 billion by 2031, growing at a CAGR of 5.3% in the forecast period (2024-2031).

The global agricultural surfactants market is fragmented, with a prominent market player acquiring a sizable portion. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective. 'Dow Chemical Company', 'BASF SE', 'Evonik Industries AG', 'Huntsman Corporation', 'AkzoNobel NV', 'Croda International Plc', 'Clariant International Ltd.', 'Solvay SA', 'Stepan Company', 'Nufarm Limited', 'Lamberti SPA', 'Wilbur-Ellis Company', 'Kao Corporation', 'Nouryon', 'MBI Organics, Inc.', 'Green Chem Srl', 'Novochem Group BV', 'Sichuan Youzhu New Material Science & Technology Co. Ltd.', 'ArrMaz', 'TensioGreen'

Rapidly increasing global population has resulted in a significant increase in food demand. According to research conducted by the Food and Agricultural Organization (FAO), agricultural land is and will continue to be a source of concern for food production in the coming years. Modern farming techniques and a higher rate of pesticide and insecticide adoption are expected to reduce food demand and supply pressure by yielding abundant produce. The increasing prevalence of crop diseases and insect attacks has increased the demand for higher yields and the production of a higher quality crop. As a result, the demand for pesticides and insecticides has increased.

Recent research has revealed that synthetic agricultural surfactants have a negative impact on both the environment and humans. There has been significant progress in the field of green chemistry, which aids in the reduction of carbon footprint. Scientists recently developed a method for producing bio surfactant. This should aid in the practice of sustainable agriculture. According to an innovative research project led by the University of Portsmouth, rice straw bails can be used to create a bio-surfactant that can be used in a wide range of products that typically contain synthetic surfactants. Agricultural waste, such as rice straw, has been used to create a long-term solution for agricultural surfactants.

Based on region global agricultural surfactants market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa. Owing to its established agricultural industry, high agriculture expenditure, and a strong emphasis on technologically advanced farming techniques and products, North America held the largest market share of the global agricultural surfactants market in terms of market consumption, and it is expected to show steady growth during the forecast period. Europe, like North America, is expected to be the second largest market for agricultural surfactants due to its developed agriculture industry and a strong emphasis on R&D innovations and technologically advanced products, and it is expected to grow steadily during the forecast period. Because of the growing agriculture industry in countries such as Brazil and Argentina, the Latin America market for agricultural surfactants is expected to grow significantly during the forecast period. Asia Pacific is expected to be the fastest growing market for agricultural surfactants, with exponential growth expected during the forecast period. Huge agricultural growth due to population growth, fertile & arable land, a large agriculture occupation dependent population, lucrative government schemes, and growing agriculture-related R&D & farming techniques are all expected to contribute significantly to market growth over the forecast period.