In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.
Ans: Elevating demand for food and scarcity of land are the major factors driving the growth of the agricultural surfactants market.
Ans: The market is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2023 – 2033.
Ans: Use of genetically modified seeds and limited use of chemicals and pesticides are the major factor driving the growth of the agricultural surfactants market.
Ans: The market in North America region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
Ans: The major players in the market are BASF SE, AkzoNobel N.V., Solvay Group, Wilbur-Ellis Company, Croda International Plc., The DOW Chemical Company, Evonik Industries AG, Huntsman Corporation, Nufarm Limited, Helena Agri-Enterprises, LLC.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by type, application, substrate type, crop type, and by region.
Ans: The herbicides segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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