The Agricultural Surfactants Global Market Report 2023, provides comprehensive information on the agricultural surfactants market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global agricultural surfactants market size is expected to grow from $1.54 billion in 2022 to $1.66 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global agricultural surfactants market is expected to reach $2.15 billion in 2027 at a CAGR of 6.6%.
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The production of sustainable bio-based surfactant products is a key trend gaining popularity in the agricultural surfactants market. Sustainable bio-based surfactant products refer to the surfactants that are surface-active compounds made from sugar or fats and oils through oleochemical synthesis. Major players in the agricultural surfactants sector are focused on the production of sustainable bio-based surfactant products to strengthen their position in the market. For instance, in April 2022, BASF SE, a Germany-based, multinational chemical company, launched Plantapon Soy, a soy-based biodegradable, anionic surfactant. It is acceptable for both vegan compositions and natural cosmetic norms and is derived from non-GMO (genetically modified organism) soybean supplied from Europe. Since Plantation Soy is entirely natural, it completely satisfies the criteria of the ISO 16128 standard.
The agricultural surfactants market is segmented:
1) By Type: Non-Ionic, Anionic, Cationic, Amphoteric
2) By Source: Synthetic, Bio-based
3) By Crop: Row Crops, Horticulture Crops, Vegetables, Plantation Crops
4) By Application: Insecticide, Herbicide, Fungicide, Other Applications
North America was the largest region in the agricultural surfactants market in 2022.
The table of contents in TBRC’s agricultural surfactants market report includes:
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