Soil Wetting Agents Market by Form (Liquid and Granular), Application (Turf Care and Agriculture), End-Use Products (Crop Protection Products and Fertilizers) - Global Analysis & Forecast 2019-2030
Report ID : 244 | Published Date : Jun 2020 | Pages : 160 | Region : Global | Report Code : CM-22
Soil Wetting Agents Market Introduction & Overview
Soil Wetting Agents are used to protect the soil and minimize the adverse effects of drought. Also it can minimize the surface tension of water to improve the ability of water to spread across the surface of the soil. There are several types of soil wetting agents that are commercially available for both indoor and outdoor purposes likely sandy soil and soils that contain organic matter to prevent the water from penetrating the surface of the soil.
The global soil wetting agents market is driven by increasing demand of high and optimum level of agriculture product and usage of these agents in turf care applications will boost the market. Moreover, increasing adoption of precision farming and protected agriculture and increasing usage of bio-based soil wetting agents have high demand in developing countries and are creating new opportunities in the market. However, lack of awareness about soil wetting agents among farmers and rising environmental concerns are likely to restrain the market growth to a certain extent.
The global soil wetting agents market has primarily been segmented into the following categories, viz. By Form, By Application and By End-Use Product.
Soil Wetting Agents Market by Form
Based on form soil wetting agents can be majorly classified into liquid and granular. The liquid segment is estimated to account for the largest share in the global soil wetting agents market. The large share of this segment can be attributed to the rising demand of soil wetting agent from agrarian regions. The granular segment of the soil wetting agents market is anticipated to expand at a considerable CAGR during the forecast period.
Soil Wetting Agents Market by Application
On the basis of application the soil wetting agents market can be segmented into turf care and agriculture. The turf care segment is estimated to account for the largest share in the global soil wetting agents market. The large share of this application segment can be attributed to continuous changes in climate that is adversely impacting the soil quality and effective management of moisture which are essential factor for turf grass maintenance in dry seasons.
Soil Wetting Agents Market by End-Use Product
On the basis of end-use product the soil wetting agents market can be segregated into crop protection and fertilizers. The crop protection segment held a major share of the soil wetting agents market. It is led by rising demand for pesticide products in emerging economies such as Brazil, China, and India among others.
Soil Wetting Agents Market by Region
The global soil wetting agents market can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). Asia Pacific dominated the market of soil wetting agents, followed by North America and Europe. Asia Pacific will continue to dominate the global soil wetting agents market in the forecast period owing to factors such as this region holds one-fifth of the world’s agriculture land and exports food and agriculture products globally. Moreover, increasing adoption and strong development of better farming practices in order to meet the food requirements of growing population. However, RoW is expected to witness the highest CAGR, with the growth in this market centered at Latin America countries such as Argentina and Brazil, among others. As these regions are prominent in agriculture exports business. Moreover, to ensure the best condition of crops, agriculturalist are adopting agriculture wetting agents, such adoption factors are projected to increase the demand for agriculture wetting agents in this region.
Soil Wetting Agents Market Prominent Players
The prominent players in the global soil wetting agents market are Wilbur-Ellis Company, BASF SE, Nufarm Limited, Grow More, Inc., Seasol International Pty Ltd, Brett-Young Seeds Limited, Milliken Chemical, ADS Agrotech Private Limited, MD Biocoals Pvt. Ltd., Geoponics Corp., among others.