The growing requirement to protect the crop from pests is expected to drive the US agricultural surfactants market through 2024. According to TechSci Research report, “United States Agricultural Surfactants Market By Type, By Substrate Type, By Crop Type, By Crop Application, By Application, Competition, Forecast & Opportunities, 2024”, US agricultural surfactants market is expected to grow at a CAGR of around 7% during the forecast period on account of augmenting demand for agrochemicals owing to increase in pressure on global food production.
The Important Elements of the US Agricultural Surfactants Market
properties of surfactants such as effectiveness when used in a minimum amount, reduction in pollution level, and cost-effectiveness, among others are further expected to fuel the market. However, the rising use of bio-based surfactants and increasing development of cost-effective pesticides, are likely to hamper the United States agricultural surfactants market during the forecast period. Additionally, strict regulation levied by governments on the use of synthetic surfactants would further restrict the market.
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The US agricultural surfactants market is segmented based on type, substrate type, crop type, crop application, application, company, and region. Based on type, the market can be categorized into anionic, cationic, non-anionic, and amphoteric. The non-anionic segment dominates the market attributable to the rising herbicide spray solution utilization. Additionally, these surfactants are compatible with water-soluble herbicides, insecticides, fungicides, and plant growth regulators owing to surface tension reduction and contact angle of individual spray droplets. Based on substrate type, the market can be bifurcated into synthetic and bio-based. The bio-based segment is expected to witness significant growth during the forecast period since they are bio-degradable, eco-friendly, and less toxic. Based on application, the market can be fragmented into insecticide, herbicide, fungicide, and others. The herbicides segment is expected to dominate the market as they improve spray droplet retention and penetration of active ingredients into plant foliage.
Some of the Major companies in the United States Agricultural Surfactants Market
- Stepan Company
- Bayer (Monsanto Company)
- Loveland Products, Inc.
- DuPont de Nemours, Inc.
- BASF Corporation
- Huntsman Corporation
- Helena Agri-Enterprises, LLC
- Wilbur-Ellis Co LLC
- Croda International
- Akzo Nobel N.V. and others are some of the leading players operating in the US agricultural surfactants market. The companies operating in the market are using organic strategies such as product launches, mergers, and collaborations to boost their share. For instance, in 2018, Croda International announced the launch and certification of its ECO range of bio-based surfactant ingredients, manufactured to meet rising market demand for sustainable and high-performance ingredients.
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“US agricultural surfactants market is expected to witness significant growth during the forecast period, owing to the increasing adoption of sustainable farming techniques in the region. Additionally, supportive government initiatives to increase yield and maintain continuous raw material supply for food, feed & biofuel industries are further expected to propel the market over the next five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“United States Agricultural Surfactants Market By Type, By Substrate Type, By Crop Type, By Crop Application, By Application, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of the US agricultural surfactants market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the United States agricultural surfactants market.
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