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(EMAILWIRE.COM, January 10, 2018 ) Middle East and Africa Agricultural Surfactants Market was worth USD 61 million in 2016 and estimated to be growing at a CAGR of 6.8%, to reach USD 83 million by 2021. Agricultural Surfactants are chemicals which enhance or support the action of pesticides such as insecticides, herbicides and fungicides. The market is expected to have high growth in the next half of decade since the demand for agricultural chemicals in on rise because of increased food demand as a result of population rise.
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Agricultural Surfactants enhance the activity of pesticides by altering the properties of pesticides like its ability to spread, penetrate the target, increase or decrease the droplet size and others. This ability of surfactants improves the ability of pesticides to protect or target the organism.
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Middle East and Africa Agricultural Surfactants Market is driven by factors like increased food demand because of rise in population, development in farming techniques such as precision farming, increasing awareness about use of chemicals in agriculture and equipment such as tractors, dusters, sprayers and increase in commercial agriculture. However, factors like the possibility of pesticide drift, health concerns in using them and their potential harm to the environment are some of the restraints for this market. These factors may act as growth hurdles for the Agricultural Surfactants Market in certain regions.
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Middle East and Africa Agricultural Surfactants Market can be broadly divided into Middle East and Africa. This regions small market share can be owed to factors like poverty, civil wars and refugee crisis. Factors such as high rate of adoption of new technologies so that the productivity of farm operations can be improved and costs can be cut down and rise in food demand is expected to drive this industrys growth in the region.
Some of the major competitors dominating the Middle East and Africa Agricultural Surfactants market are Evonik Industries AG (Germany), Akzonobel N.V. (The Netherlands), The Dow Chemical Company (U.S.), BASF SE (Germany) and Solvay S.A (Belgium) among others.
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