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The global agricultural surfactants market size is expected to reach USD 1,927.5 million by 2027 backed by the increasing demand for bio-based agricultural surfactants to promote better yield of crops across the globe. This information is published by Fortune Business Insights, in its latest report, titled, “Agricultural Surfactants Market Size, Share & COVID-19 Impact Analysis, By Type (Cationic, Non-Ionic, Anionic, Amphoteric), By Application (Herbicides, Fungicides, Insecticides, Others), By Crop Type (Cereals & Grains, Fruits & Vegetables, Others), and Regional Forecast, 2020-2027.” The report further mentions that the market stood at USD 1,392.8 million in 2019 and is projected to exhibit a CAGR of 5.1% between 2020 and 2027.
Stepan Completes Acquisition of Surfactant Business from Clariant to Strengthen its Position in Latin America
In September 2020, Stepan Company announced its agreement to acquire the leading agro-based solutions provider, Clariant’s anionic surfactant business and sulfation equipment business located in Mexico. The acquisition is expected to strengthen its position in Latin America by catering to the growing demand for advanced agricultural type of surfactants by the consumers.
F. Quinn Stepan, CEO of Stepan, said, “The acquisition is likely to support our growth strategy in Latin America and will further enhance our ability to support consumer growth in the Mexican Consumer & Functional markets for surfactants.”
Increasing Demand for Bio-based Surfactants to Augment Growth
According to recent studies, the adoption of synthetic agricultural surfactants has an adverse effect on the environment as well as the health of humans. Owing to their toxic nature, the agriculture sector is experiencing a significant demand for eco-friendly and safe bio-based agricultural type of surfactants that promote good yield and are economically viable. This is expected to bode well for the global market growth in the forthcoming years.
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Prominent Companies Focus on Acquisition Strategies to Amplify Their Market Positions
The global agricultural surfactants market is fragmented by the presence of major companies such as BASF SE, Evonik, and Nufarm, among others. These companies are striving to maintain a stronghold by acquiring other small companies and further focusing on expanding their agricultural surfactants portfolio. In addition to this, technological innovations in the field of agrochemicals by other key players will contribute to the growth of the market in the forthcoming years.
List of Companies Profiled in the Global Market:
Further Report Findings:
Table of Segmentation:
Volume (Kilo Tons); Value (USD Million)
Type; Application; Crop Type; and Geography
By Crop Type