The global soil wetting agents market is anticipated to witness huge CAGR during the forecast period 2021-2027. The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.
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Soil wetting agents are the substances that consist of surfactants help in reducing surface tension of water. Such substances have the potent to increase the ability of water penetration, efficient use of water, proper drainage, uniform distribution as well as moisture retention. These agents also improve the ability of water to spread on soil surface as well as decrease the surface tension. The soil wetting agents formulation also consists of a few other active components to help in the penetration of wetting agents into the soil.
A few crucial factors are there anticipated to drive the market growth over the forecast time span, which include growing inclination towards agriculture farming, Cost-effective of soil wetting and growing demand for fertilizers and agents that protect crop. Growing demand for best quality as well as yield agro products, growing adoption of precision farming practices, increasing demand for soil wetting agents in turf grass application and unfavorable environmental conditions are expected to foster the growth of soil wetting agents market. On the other hand, dearth of awareness in underdeveloped countries about soil wetting agents and strict regulatory policies are restraining the market growth over the forecast period 2021-2027.
Soil wetting agents market is classified into different regions on the basis of geographical analysis such as North America, Europe, Asia pacific, Middle East, Latin America and Africa. Soil wetting agents market in North America is hugely driven by the factors such as growing awareness soil wetting agents and unfavorable ecological conditions and increasing fruits and vegetables farming. Europe is also witnessing considerable growth in the market owing to the factors such as huge adoption of new products, growing agriculture production in France, Germany and UK and changing farming practices. Soil wetting agents market in Asia pacific is anticipated to grow at noteworthy rate because of the initiatives taken by the government to improve the crop yield in the region. Latin America is also experiencing profitable growth because of the business expansion by market players in the region.
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The major key players of the Soil wetting agents market are Wilbur-Ellis Company (U.S.), BASF SE (Germany), Nufarm Limited (Australia), ADS Agrotech Pvt. Ltd. (India), BrettYoung Seeds Limited (Canada), Geoponics Inc. (U.S.), Seasol International Pty Ltd. (Australia), Grow More, Inc. (U.S.), Milliken Chemical (U.S.) and Precision Laboratories, LLC (U.S.).
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