MarketsandMarkets has released a report according to which biosurfactants market has been estimated at USD 4.20 Billion in 2017 and is projected to reach USD 5.52 Billion by 2022, at a CAGR of 5.6% from 2017 to 2022.
Increasing Demand for Renewable Products
The growth of the global biosurfactants market is mainly driven by the increasing demand for renewable and biodegradable products. Green products or biologically derived biosurfactants exhibit enhanced functionality as compared to chemically derived surfactants. Use of natural raw materials makes the products environment friendly.
Biosurfactants Serve Better
Based on type, the global biosurfactants market has been segmented into glycolipids and lipopeptides.
Rhamnolipids, falling under the glycolipids segment is projected to grow at the highest CAGR during the forecast period. This expected high growth rate is due to the increasing need for highly-efficient and cost-effective biosurfactants having superior properties as compared to chemical surfactants.
Green Surfactant Demand Boosts the Market
Based on application, the agricultural chemicals segment is projected to grow at the highest CAGR between 2017 and 2022. Increasing demand for green surfactants to improve soil conditions, indirect plant growth promotion, and plant microbe interaction is fueling the growth of the biosurfactants market globally.
Asia Pacific: Fastest-growing Market
The biosurfactants market in the Asia Pacific region is projected to grow at the highest CAGR between 2017 and 2022. This growth is mainly attributed to the rise of:
Personal care, agriculture, and home care industries
Significant R&D investments
Drive to use green products in the Asia Pacific countries, such as India, South Korea, and China.
Europe accounted for the largest share of the global biosurfactants market in 2016, and is expected to continue to lead during the forecast period. This is due to the early product commercialization, intensive R&D, and rapid adoption of biosurfactants by general consumers in this region.
Leading players in the global biosurfactants market:
- Ecover (Belgium)
- Logos Technologies (US)
- Evonik (Germany)
- Soliance (France)
- AGAE Technologies (US)
- Jeneil Biotech (US