Agricultural Surfactants Global Market Report 2024

The global agricultural surfactants market has grown strongly in recent years. It will grow from $1.64 billion in 2023 to $1.77 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The historical growth in agricultural surfactants can be attributed to several factors. These include a shift towards eco-friendly solutions, a growing emphasis on crop protection, the adoption of precision agriculture practices, and the overall expansion of the agriculture sector. These factors collectively contributed to the development and adoption of agricultural surfactants during the historical period.

The global agricultural surfactants market is expected to see strong growth in the next few years. It will grow to $2.3 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The anticipated growth in the forecast period for agricultural surfactants can be attributed to various factors. These include the expansion of horticulture and floriculture sectors, the growth of organic farming, increasing environmental concerns prompting sustainable solutions, the rise in precision agriculture practices, the escalating demand for agrochemicals, and the overall increasing demand for food. Major trends expected in the forecast period include technological advancements in formulations, the adoption of non-ionic surfactants, a focus on regulatory compliance and safety measures, an emphasis on crop yield enhancement, the development of adjuvant technologies, and the formulation of environmentally friendly solutions within the agricultural surfactants sector.

Amid the agricultural landscape, a surge in precision farming adoption is anticipated to act as a driving force behind the agricultural surfactants market's growth. Precision farming, characterized by meticulous monitoring and response to diverse agricultural variables, utilizes agricultural surfactants to enhance pesticide efficiency while curbing usage. Purdue University's data in March 2021 showcased a substantial rise in precision farming's cost/profit mapping, climbing from 38% in 2019 to 55% in 2022, indicating an upward trajectory in precision farming's adoption and, consequently, the demand for agricultural surfactants.

The expanding construction sector is poised to significantly influence the agricultural surfactants market's trajectory. Within construction practices, these surfactants play a pivotal role in optimizing soil stabilizers and dust control agents. Notably, projections from Rethinking The Future in 2024 indicate a robust 8.5% CAGR growth for Canada's construction industry, propelling its value to a substantial $354.9 billion (USD). Moreover, Oxford Economics' October 2021 report forecasts a staggering 42% surge, equivalent to $4.5 trillion, in global construction output between 2020 and 2030, reaching a monumental USD 15.2 trillion. This burgeoning demand within construction activities is a significant driver for the agricultural surfactants market.

Innovative strides in the agricultural surfactants sector manifest in the production of biodegradable anionic surfactants, aligning with an environmentally conscious approach. These surfactants break down into benign substances through natural biological processes, significantly reducing environmental impact. Major industry players are concentrating efforts on developing and introducing such biodegradable anionic surfactants. For instance, BASF SE unveiled Plantapon Soy in April 2022, a soy-based, biodegradable anionic surfactant derived from non-GMO European soybeans. This product not only complies with vegan composition and natural cosmetic standards but also aligns completely with the ISO 16128 standard due to its natural origins.

Key players in the agricultural surfactants sector are dedicatedly innovating, introducing surfactants sourced from renewable feedstocks to combat climate change directly. Renewable feedstocks encompass sustainable, replenishable sources like plants, crops, or organic waste used in producing energy, fuels, chemicals, or other products. Clariant, in February 2022, unveiled Vita, a novel line comprising 100% bio-based surfactants and polyethylene glycols (PEGs). Vita's ingredients derive from renewable feedstocks, specifically 100% bio-ethanol sourced from sugar cane or corn, boasting a commendable Renewable Carbon Index (RCI) of at least 98%. This product range underscores Clariant's unwavering commitment to furnishing sustainable, low carbon footprint solutions across diverse industries including coatings, personal care, home care, industrial, and agricultural applications.

In a development, Indorama Ventures Public Company Limited (IVL), a notable sustainable chemical enterprise based in Thailand, completed the acquisition of Oxiteno in April 2022, for an undisclosed sum. This strategic acquisition marks IVL's expansion into promising markets in Latin America and the U.S., solidifying its position as a premier surfactants producer in the Americas while paving the way for potential growth in Europe and Asia. Oxiteno, based in Brazil, boasts an extensive portfolio encompassing surfactants and specialty chemicals tailored for varied applications spanning crop solutions, home care, personal care, and coatings. This acquisition significantly bolsters IVL's global market presence and augments its offerings across key sectors.

Major companies operating in the agricultural surfactants market report are Nufarm Limited, Croda International PLC, Stepan Company, Loveland Products Inc., DowDuPont Inc., BASF SE, AkzoNobel N.V, Evonik Industries AG, Solvay SA, Lamberti SPA, Brandt Consolidated Inc., Garrco Products Inc., Air Products and Chemicals Inc., Kao Corporation, Nouryon Company, Syngenta Group Co. Ltd., Adama Ltd., Corteva Inc., Huntsman Container Corporation, Clariant AG, Helena Agri-Enterprises LLC, Innospec Inc., Land O'Lakes Inc., Oxiteno S A Industria e Comercio, Gowan Company, Vive Crop Protection Inc., Société d'exploitation pour les produits de l'industrie chimique, Wilbur-Ellis Holdings, Performance Nutrition, Nutrien Ltd., Bell Laboratories Inc., Precision Laboratories LLC, Willowood USA LLC., Verdesian Life Sciences

North America was the largest region in the agricultural surfactants market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agricultural surfactants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the agricultural surfactants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of agricultural surfactants covered in this report include non-ionic, anionic, cationic, and amphoteric, which can be either synthetic or bio-based. Non-ionic surfactants, known for their stability and plant-friendly properties, lack a charge in solution and effectively reduce the surface tension of water. They find applications in row crops, horticulture crops, vegetables, and plantation crops, and are utilized in various applications such as insecticides, herbicides, fungicides, and others.

This report provides agricultural surfactants market statistics, including agricultural surfactants industry global market size, regional shares, competitors with an agricultural surfactants market share, detailed agricultural surfactants market segments, market trends and opportunities, and any further data you may need to thrive in the agricultural surfactants industry. This agricultural surfactant market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The agricultural surfactants market consists of the sales of wetting agent solutions, dispersants, and emulsifiers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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