Agricultural surfactants market would record significant gains over the span of 2021-2027, driven by a substantial increase in the adoption of precision farming and a surge in need for crop protection from pests and insects. Moreover, a rise in the demand for green solutions is expected to propel market progression in the years to come.
Increasing demand for food owing to the expanding population worldwide, is further touted to impel the demand for agricultural surfactants. These compounds are known to protect the crops from pests while increasing yield and productivity.
The global industry growth is expected to witness hinderance due to the introduction of strict regulations imposed by various countries on the use of synthetic surfactants. However, the elevating use of bio-based surfactants and growth in the development of cost-effective pesticides are creating lucrative opportunities for the overall agricultural surfactants market.
Based on the type, non-ionic agricultural surfactants market is slated to record significant growth through 2027. Non-ionic surfactants do not have a charge in solution and are considered to be the widely used surfactants for the horticulture or agricultural industry. These surfactants are generally present in 80% and 90% concentrations with almost similar pattern of operation. 80% non-ionic surfactants are known to improve the effectiveness of certain post emergent herbicides, insecticides, defoliants, and others to enhance the activity. Furthermore, it also augments the performance of the active spray ingredients by offering more uniform distribution and better wetting of the plant surface.
In terms of substrate, synthetic agricultural surfactants are gaining ground across the global agricultural surfactants market. Synthetic surfactants are prepared from DPPC and other agents to ease the adsorption and spreading across various agricultural fields and plants. Moreover, these products have been designed to overcome limitations for natural surfactants like immune reactions, cost, and infections elicited in natural surfactants. Due to the aforementioned factors, the synthetic agricultural surfactants market revenue is expected to grow over the forecast period.
Geographically, North America agricultural surfactants market is poised to gain impetus in coming years, driven by the increasing government initiatives to enhance crop yield and maintain a constant supply of raw materials for feed, food, and biofuel industries. Robust growth in the urbanization has demanded a rise in arable and fertile land. As of 2018, the total arable land available in the United States was around 17.2%. Such factors are anticipated to propel the demand for agricultural surfactants across the North American economies in the coming years.
Global agricultural surfactants industry is highly consolidated and boasts the presence of leading players including Croda International Plc, Nufarm Limited, BASF SE, DowDuPont, Evonik Industries, AkzoNobel, Stepan Company, Clariant International (Clariant AG), and Monsanto Company (Bayer AG) amongst others.
These companies have been relentlessly working towards introducing new products in the market. The vendors are also participating in strategies like acquisitions, partnerships, and more to gain an edge in the global market.
The CoV-SARS-2 infection spread has had a severe impact on the agricultural surfactants market, due to the disruptions in the chemicals industry and imbalance in the supply chains. Apparently, the demand for agricultural surfactants is quite low in the market mainly due to the restriction imposed on free movement of laborers on the farm. These factors are touted to have a negative impact on the overall agricultural surfactants market trends in 2021 and beyond.