According to the Market Research Future Report, the global Agricultural Surfactants Market 2020 will represent a significant growth rate during the years 2020-2023. The report has offered all the insights of the market considering the impact of COVID-19 that has impact other markets as well to a great extent. MRFR has been monitoring the Agricultural surfactants market since the lockdown approached and came to note that in the forecasted period, it will reach to a towering revenue.
Agricultural Surfactants Boosters & Decliners
The requirement for pest management has been rising in both food and commercial crops to surge food production and quality of production. The use of pesticides observed remarkable growth in all of its forms incorporating herbicides, fungicides, and insecticides for decades, and the rising consumption of pesticides is surging the growth of the agricultural surfactants market.
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At the same time, the rising population is also posing a significant increase in food demand and forcing farmers globally to boost crop production. On this, the statistics of The Food and Agriculture Organization (FAO) stated—the global population would approximately reach ten billion by the year 2050. This would result in a growth of over 50% in agricultural demand as compared to 2020. On a special note, modern agricultural practices and adoption of advanced technologies such as “agriculture 4.0,” a kind of precision farming that is possible to be the foremost motivator of the global agricultural surfactants market in the predicted period.
On the other side, agricultural surfactants are a vital tool in the armory of farmers and crop growers in meeting mounting demand sustainably. Launch of high-performance bio-based surfactants is probable to provide enormous growth potential for the global agricultural surfactants market. Additionally, growing awareness of the effects of synthetic chemicals on the environment is motivating farmers towards the use of bio-based materials.
The bio-based surfactants segment is also possible to witness remarkable growth in the near future owing to the ongoing research activities and new product launches. In November 2019, U.K. based specialty Chemicals Company Croda International plc launched 100% bio-based agricultural surfactants to be used in construction materials, agrochemicals, and many other products.
On the contrary, the undesirable effects of synthetic agricultural surfactants on the environment are the foremost restraint for the growth of the market. Numerous state and federal governments have regulated the use of these surfactants in agricultural chemicals.
The prominent vendors in the Global Agricultural Surfactants Market are Croda International Plc (U.K.), Monsanto Company (U.S.), DowDuPont, Inc. (U.S.), AkzoNobel N.V. (Netherlands), Solvay SA (Belgium), Huntsman International LLC. (U.S.), Helena Agri-Enterprises, LLC (U.S.), as well as CEFIC (Belgium).
Global Agricultural Surfactants Market is studied among the segments of product type, substrate type, crop type, and application.
Depending on the product type segment, the market includes anionic, non-ionic, cationic, and amphoteric.
Depending on the substrate type segment, the market has incorporated synthetic and bio-based.
Depending on the crop type segment, the market has included fruit & vegetables, and cereals & grains.
Depending on the application segment, the market has included fungicides, herbicides, plant growth regulators, insecticides, and others.
Global Agricultural Surfactants Market is segmented among essential regions such as Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.
North America apprehended the leading market share of the global agricultural surfactants market in terms of market consumption owing to high agriculture expenditure, established agricultural industry, and a heavy emphasis on technologically advanced farming techniques & products. These are expected to illustrate substantial growth during the forecast period.
Europe might become the second-largest market for agricultural surfactants owing to the developed agriculture industry and a sturdy emphasis on R&D innovations & technologically advanced products like North America. All these are expected to illustrate steady growth in the forecast period
The Asia Pacific might become the fastest growing market for agricultural surfactants. It is likely to highlight an exponential growth in the forecast period. Massive agricultural growth owing to expanding the population, fertile & arable land, foremost agriculture occupation dependent population, growing agriculture-related R&D & farming techniques, and lucrative government schemes are likely to contribute drastically to the market growth over the forecast period.
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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.