Description

The agricultural surfactants market was valued at USD 1.45 Billion in 2020 and is projected to reach 1.95 Billion by 2027, growing at a CAGR of 6.58% during the forecast period. Surfactants are generally referred as the materials that are used to reduce the surface tension between the solid and liquid interphase and between two liquid interphases. Agriculture surfactants are used to increase the efficiency of usage of herbicides (such as weed killers). Agricultural surfactants reduce the water surface tension, and since the herbicide and other sprays are mostly hydrophilic, this will keep the sprayed herbicide on targeted weed rather than rolling off into soil. Many of the commercially available agricultural surfactants are present, some of them are synthetic and others are nonsynthetic. Global agricultural surfactants market is expected to grow at significant rates owing to the rise in food demand due to the growing population. Market players are focusing on developing the innovative products and focusing on the market expansions to increase their market share. For instance, in June 2013, The Dow Chemical Company has introduced TRITON HW-1000 Surfactant in North America for the broad range of applications including agrochemicals. Furthermore, companies also adopting mergers and acquisitions to enhance their market position and strengthen their portfolio. For instance, Ajinomoto Co. Inc. through its subsidiary S.A. Ajinomoto OmniChem N.V. has entered into an agreement to acquire majority shares of Agro2Agri, S.L. to strengthen its market position in agrochemical business.

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