The agricultural surfactants market size was about USD 1,798.4 million in 2023, and this power will reach at a value of USD 2,734.6 million by 2030, powering at a compound annual growth rate of 6.3% by the end of this decade.
Also, the rising requirement for agrochemicals and the snowballing acceptance of precision farming methods at a global level contribute to the development of the industry.
Cereals & grains led the industry in 2023, and this will also continue in the years to come. This is because of the surge in the consumption of corn, rice, barley, wheat, and oats in the North America and Asian regions, consumers’ increasing consciousness of the health aids of these grains and cereals, and numerous subsidies and monetary advantages presented by governments to farmers to grow these highly required food crops.
Furthermore, fruits & vegetables will observe substantial growth in the future. This can be credited to the rising consumer awareness of fruit consumption to uphold a healthy existence. These products are rich sources of minerals and vitamins, which are important to build immunity and fight ailment.
Emerging nations, for example Argentina, Brazil, China, and India, are amongst the biggest pesticide consumers because of their enormous agriculture sector. The widespread agricultural production powers the requirement for herbicides, which further generates the requirement for these surfactants.
APAC will grow the fastest in the years to come at a rate of 6.8%. This can be credited to the large populace of the region, which generates a tremendously high requirement for food; wide obtainability of arable land, surge in the count of local manufacturers and vendors of crop protection solutions, development in the usage of agrochemicals to attain higher productivity, and more than a few schemes of the government providing support to the agriculture industry.
