The agricultural
surfactants market was valued at 1.37 Billion in 2017 and is projected
to reach USD 1.88 Billion by 2022, growing at a CAGR of 6.46%. Agricultural
surfactants reduce the surface tension and allow the spray solution droplets to
spread on the surface of the leaf. They are added to pesticides to increase
their efficiency, provide greater coverage of the spray solution, and improve
the retention & penetration of pesticides. One of the major factors driving
the growth of the agricultural surfactants market is the modern agricultural
practices and technologies that involve the use of surfactants.
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Most agricultural surfactants are non-ionic and are used for
general wetting and spreading. Non-ionic surfactants reduce the surface tension
and contact angle of individual spray droplets; they are most compatible with
water-soluble herbicides, insecticides, fungicides, and plant growth regulators
(PGRs).
The fungicides segment is projected to grow at a higher CAGR
during the forecast period; this growth is attributed to the growing usage of
surfactants in fungicide formulations to improve the adhesion of fungicides to
the crops. In addition, combining fungicides and surfactants increases the
efficacy of the existing control options by helping fungicides stick to plant
surfaces.
The North American region accounted for the largest share
due to the presence of players such as DowDuPont (US), Huntsman Corporation
(US), Helena Chemical (US), and Stepan Company (US). Moreover, the presence of
these companies in technologically advanced countries such as the US and Canada
results in an increase in the adoption of surfactants in agriculture.
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The South American region is projected to grow at the
highest rate during the forecast period. This growth can be attributed to the
increasing need for high-quality surfactants for the agricultural application.
This report includes a study of the marketing and
development strategies, along with the product portfolios of leading companies.
It also includes the profiles of leading companies such as DowDuPont (US), BASF
(Germany), AkzoNobel (Netherlands), Evonik (Germany), and Solvay (Belgium).
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