The robust growth of the global agricultural surfactants market is intricately linked to the steady expansion of global crop production, as highlighted by the Food and Agriculture Organization of the United Nations (FAO).
The global agricultural surfactants market is projected to reach $2.3 billion by 2028, growing at a CAGR of 6.2% from 2023 to 2028, according to a new report by MarketsandMarkets™. The growth of the market is attributed to the increasing demand for sustainable crop production and fungicide applications.
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Agricultural surfactants are surface-active agents that are used in agriculture to improve the performance of agrochemicals. They can be used to enhance the spreading, wetting, and absorption of pesticides, herbicides, and fertilizers. Agricultural surfactants can also be used to reduce runoff and environmental contamination.
The rising demand for sustainable crop production is driving the growth of the agricultural surfactants market. Farmers are increasingly looking for ways to reduce their reliance on chemical inputs and protect the environment. Agricultural surfactants can help farmers to achieve this by improving the efficiency of agrochemicals and reducing chemical wastage.
The fungicide application sector is witnessing the fastest growth in the agricultural surfactants market. This is due to the increasing prevalence of fungal diseases and the need for effective management strategies. Agricultural surfactants can significantly enhance the performance of fungicides by improving their coverage, adhesion, and penetration on plant surfaces.
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The Asia Pacific region is emerging as the fastest-growing market for agricultural surfactants. This is due to the region's large and growing population, increasing agricultural productivity, and rising awareness of the benefits of surfactants.
Major key players operating in the agricultural surfactants market include CHS Inc. (US), BASF SE (Germany), Solvay (Belgium), Corteva Agriscience (US), Evonik (Germany), Croda International Plc (UK), Nufarm (Australia), CLARIANT (Switzerland), and Stepan Company (US).
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