Market Size of Agricultural Surfactant Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 2.04 Billion |
Market Size (2029) | USD 2.82 Billion |
CAGR (2024 - 2029) | 6.70 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Agricultural Surfactants Market Analysis
The Agricultural Surfactant Market size is estimated at USD 2.04 billion in 2024, and is expected to reach USD 2.82 billion by 2029, growing at a CAGR of 6.70% during the forecast period (2024-2029).
The COVID-19 outbreak impacted the agricultural surfactant market. Major regions like North America witnessed the impact of the pandemic, such as sudden shutdown, collapsed supply chain, and government restrictions. Increasing usage of biobased surfactants is leading to investments in the market.
Agricultural surfactants are mainly used with water-based herbicide spray solutions as they accentuate the emulsifying, dispersing, spreading, wetting, or other surface modifying properties of liquids. Surfactants are almost always present in herbicide treatment solutions to improve spray droplet retention and penetration of active ingredients into plant foliage. The increasing usage of agricultural surfactants is due to the high adoption of precision farming and protected agriculture.