The global agrochemicals market size is expected to reach around US$ 280.87 billion by 2030 from US$ 217.72 billion in 2021 and is expected to grow at an impressive double-digit rate of 2.7% from 2022 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global agrochemicals market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
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Research Methodology
A unique research methodology has been utilized to conduct comprehensive research on the growth of the global agrochemicals market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the draw conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global agrochemicals market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
The agrochemicals are inorganic fertilizers and herbicides that promote agricultural yield. The primary function of agrochemicals is to regulate the agricultural ecosystem and agriculture is where the majority of these applications are used. As the human population grows, so does the demand for food, necessitating more crop output, which necessitates the use of agrochemicals to boost crop productivity. The pest infestations and crop yields and capacity to acquire products are all factors that influence the growth of the agrochemicals market. Insecticide demand is on the rise all around the world, which is fueling the agrochemicals market expansion.
Farmers are gradually shifting to using biopesticides as they become more conscious of the dangers of chemical insecticides to human health. As a result, biopesticides are becoming increasingly popular on the agrochemicals market. During the projection period, the biopesticides is expected to increase at a significant rate. This rise is aided by the fact that most countries have changed their regulations to discourage the use of chemical pesticides and encourage the use of biological pesticides instead. Biopesticides are widely used in agriculture due to fewer rules governing product approvals and the inexpensive cost of product development.
Report Highlights
- Based on the products, fertilizers segment is estimated to be the most opportunistic segment during the forecast period. This is attributed to the population growth, which promotes need for food, which in turn drives demand for insecticides to reduce crop damage.
- Based on the applications, the cereals and grains segment dominated the global agrochemicals market in 2020 with highest market share. This is due soil nutrient shortages can lead to lower productivity output and fewer accessible nutrients in crops and other cereals.
Market Dynamics
Drivers
Emergence for increasing agricultural productivity
In the global agrochemicals industry, the government has played a key role in stimulating demand. Agriculturists are obligated to help the government’s efforts by receiving subsidies and tax rebates. Improved fertilizers are in higher demand in countries that rely on agriculture for their livelihood. The global agrochemicals market’s overall revenue volume is expected to rise in these circumstances. The utilization of agrochemicals in the production of cash crops has resulted to the growth of the agrochemicals market during the forecast period.
Restraints
Rising organic fertilizer sector
With rising awareness of health, food safety, environmental protection, and animal welfare regulations, the organic food business has seen rapid expansion in developing nations. The organic food is becoming increasingly popular. The surge in demand for healthy and safe food items as well as rising per capita income are expected to fuel the organic food sector and raise the use of biofertilizers which will have impact on chemical fertilizer composition. As a result, the rising organic fertilizer sector is hampering the growth of the global agrochemicals market during the forecast period.
Opportunities
Advancements in agricultural and chemical industries’ research
The insecticides and pesticides have been found to enhance the development of crops. As a result, the introduction of synthetic pesticides to speed up the planting and culture process has boosted the growth of the agrochemicals market. Furthermore, several agricultural professionals agree that employing organic fertilizers to boost yields is a good way. Farmers and agriculturalists must guarantee that the resources available are used to their full potential. As a result, these organizations work tirelessly to obtain high quality seeds and fertilizers. Thus, the advancements in agricultural and chemical industries’ research is creating lucrative opportunities for the growth of the agrochemicals market growth over the projection period.
Challenges
Fierce rivalry between market players
The agrochemicals market is highly fragmented with a significant number of large and small firms. The major portion of market participants are based in developed regions and offer a diverse range of products. With the rising demand for various agrochemical products, the agrochemicals market’s leading players are focusing research and development in order to produce products that meet the needs of customers. As a result, fierce rivalry between market players is creating challenges for the growth of the agrochemicals market over the forecast period.
Why should you invest in this report?
If you are aiming to enter the global agrochemicals market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for agrochemicals are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global agrochemicals market include:
- BASF SE
- Adama Agricultural Solutions Ltd.
- Arysta Lifesciences Corporation
- America Vanguard Corporation
- Jiangsu Yangnong Chemical Group Co. Ltd
- The Dow Chemical
- Sumitomo Chemical Co. Ltd
- Bayer Cropscience AG
- Nufarm Limited
Market Segmentation:
By Product
- Fertilizers
- Nitrogenous
- Phosphatic
- Potassic
- Secondary Fertilizers (Calcium, Magnesium, and Sulfur Fertilizers)
- Others
- Crop Protection Chemicals
- Herbicides
- Insecticides
- Fungicides
- Others
- Plant Growth Regulators
- Others
By Application
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
Regional Analysis:
The geographical analysis of the global agrochemicals market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global agrochemicals Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global agrochemicals market in 2030?
- What is the expected CAGR for the agrochemicals market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global agrochemicals market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Agrochemicals Market
5.1. COVID-19 Landscape: Agrochemicals Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Agrochemicals Market, By Product
8.1. Agrochemicals Market, by Product Type, 2022-2030
8.1.1. Fertilizers
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Crop Protection Chemicals
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Plant Growth Regulators
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Others
8.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Agrochemicals Market, By Application
9.1. Agrochemicals Market, by Application, 2022-2030
9.1.1. Cereals & Grains
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Oilseeds & Pulses
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Fruits & Vegetables
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Others
9.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Agrochemicals Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.2. Market Revenue and Forecast, by Application (2017-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Application (2017-2030)
Chapter 11. Company Profiles
11.1. BASF SE
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Adama Agricultural Solutions Ltd.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Arysta Lifesciences Corporation
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. America Vanguard Corporation
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Jiangsu Yangnong Chemical Group Co. Ltd
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. The Dow Chemical
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Sumitomo Chemical Co. Ltd
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Bayer Cropscience AG
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Nufarm Limited
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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