Agricultural Surfactants Market Regional Analysis:
North American Market Insights
North America region is anticipated to hold over 40.8% market share by 2035, attributed to government initiatives to increase crop yield and fertilizer production. It is observed that 40% of corn from the U.S ends up in the production of biofuel. Besides this, proactive government efforts to boost the production of fertilizers is also expected to augment the market growth. Tom Vilsack, secretary of the U.S. Department of Agriculture (USDA), announced that the Biden-Harris Administration allocated USD 500 million in grants available to boost fertilizer production in the United States in an effort to encourage competition and reduce price increases for American farmers brought on by the conflict in Ukraine.
APAC Market Insights
The Asia Pacific agricultural surfactants market, amongst the market in all the other regions, is projected to hold the significant market share by the end of 2035. The market growth in the region is attributed to rising need for more food production in the region. India is ranked 107th out of 121 countries in the 2022 World Hunger Index, six places lower than its previous position and below countries like Ethiopia, Bangladesh, and Pakistan. Moreover, the few elements that are anticipated to raise the demand for food in the future are the confluence of an increase in low-income settlements, growing food prices, and the necessity of building an urban food agenda.
