Global Soil Wetting Agents Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Global Soil Wetting Agents Market Overview:

“The global Soil Wetting Agents Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

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This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.

In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Soil wetting agents are substances that reduce surface tension of water in order to allow it to spread and to increase liquid’s spreading ability. These chemical compounds are classified as surfactants. There are various types of soil wetting agents available in the market such as cultivate, penetrant, water retention, etc. Soil wetting agents helps to overcome water repellence in soil and they are used as fertilizers, fungicides, pesticides, etc.

Dynamics:

Increasing demand for soil wetting agents for turf care is a major factor driving growth of the global soil wetting agents market. Maintenance of grass in summer season is further augmenting demand of soil wetting agents. Growing use of soil wetting agents in agriculture is another factor fueling growth of the global market. Increasing commercial agriculture, coupled with growing adoption of advanced fertilizers are also factors expected to propel growth of the global market. Furthermore, increasing adoption of precision farming is another factor anticipated to boost growth of the global soil wetting agents market in the near future.

However, lack of awareness regarding soil wetting agents among farmers and possible environmental effects caused by surfactants are factors that may hamper growth of the global soil wetting agents market. Nevertheless, increasing adoption of advanced farming techniques in emerging economies can create high revenue opportunities for players in the target market.

Segment Analysis:

On the basis of form, the market is segmented into granular and liquid. Liquid segment accounts for major share in terms of revenue and is expected to maintain its position in the near future. Granular segment is anticipated to witness high growth in terms of revenue over the forecast period.

Regional Analysis:

Market in North America accounts for major share in terms of revenue and is expected to maintain its position over the forecast period. In terms of revenue, Europe market holds second highest share in the global market.

Government regulations on limiting use of soil wetting agents is a factor expected to affect growth of the target market in these regions. Asia Pacific market in anticipated to witness lucrative growth in terms of revenue in the near future, followed by Latin America and Middle East and Africa.

Increasing adoption of advance technics in agriculture sector is a factor driving growth of the soil wetting agents market in Asia Pacific region. Rising population, coupled with growing demand for food are factors expected to fuel growth of the target market in the near future. The markets in Latin America and Middle East & Africa are expected to register moderate growth rate in the global soil wetting agents market over the forecast period.

Global Soil Wetting Agents Market Segmentation:

Segmentation by form:

• Granular
• Liquid

Segmentation by end-use:

• Agriculture
• Turf Care

Segmentation by application:

• Fertilizers
  • Nitrogen
  • Potassium
  • Phosphorus
• Crop Protection
  • Pesticides
  • Insecticides
  • Fungicides

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa