The global agriculturalsurfactants market size is expected to showcase significant growth byreaching USD 1,927.5 million by 2027 while exhibiting a CAGR of 5.1% between
2020 and 2027. The growth is attributed to the increasing population rate and
the growing demand for crop protection that is driving the adoption of advanced
agricultural surfactants globally. This information is published by Fortune
Business Insights, in its latest report.
Limited Availability of AgrochemicalSupplies to Hamper Growth Prospects
The lockdown amid the novel coronavirusannounced by the government agencies have halted several industrial operations
globally. This has led to major supply chain disruption being experienced by
the agriculture sector. Additionally, the limited availability of agrochemical
supplies is likely to affect the market growth leading to several problems
faced by the farmers. However, lifting off some restrictions is likely to aid
the growth of the market in the forthcoming years.
Agricultural surfactants are additivesthat are widely adopted in the agriculture sector to improve the effectiveness
of the pesticides. They are further used to efficiently and effectively obtain
superior crop yield and manage better crop protection. The growing demand for
food is propelling the manufacturers to develop advanced agricultural
surfactants globally.
What does the Report Include?
The market report includes qualitativeand quantitative analysis of several factors such as the key drivers and restraints
that will impact growth. Additionally, the report provides insights into the
regional analysis that covers different regions, which are contributing to the
growth of the market. It includes the competitive landscape that involves the
leading companies and the adoption of strategies by them to announce
partnerships, introduce new products, and collaboration that will further
contribute to the growth of the market between 2020 and 2027. Moreover, the
research analyst has adopted several research methodologies such as Porter’s
Five Forces analysis to extract information about the current trends and
industry developments that will drive the market growth during the forecast
period.
DRIVING FACTORS
Increasing Population Rate to AugmentGrowth
According to the data by the UnitedNations, the global population is expected to reach about 8.5 billion by 2030.
And 9.7 billion by 20250. The growing rate of population is likely to propel
the demand for food and to suffice the needs the agriculture sector is expected
to focus on the development of superior quality yield. These factors are
anticipated to drive the demand for advanced agricultural surfactants globally.
Additionally, supportive government regulations to promote sustainable farming
practices and the increasing focus on crop protection is expected to contribute
to the growth of the global agricultural surfactants market during the forecast
period.
