The Global Agrochemicals Market was estimated to be worth $271.0 billion in 2022 and is anticipated to expand to $345.3 billion by 2030, with a CAGR of 3.5% from 2023 to 2030.
Agrochemicals are pesticides, herbicides, or fertilizers used for the management of ecosystems in agricultural sectors. Rudimentary variations on agrochemicals have been used for millennia to improve crop yields and control the populations of agricultural pests. The need for maintaining integrity across the agricultural sector shall play a most important role in driving sales across the global Agrochemicals market.
Furthermore, chemical research finds that certain pesticides and insecticides intensify the process of crop growth. Hence, the use of artificial pesticides to accelerate the process of sowing and cultivation has given a stronger boost to the growth of the global Agrochemicals market. Additionally, many agriculture scientists agree with the idea of using organic fertilizers to generate improved yields. Therefore, scientists taking efforts to procure high-quality seeds, fertilizers, and other agrochemicals. The success of the agricultural sector in deploying the right fertilizer type plays an essential role in boosting the demand within the global Agrochemicals market. Moreover, farmers have become more inclined to use agrochemicals, this crucial factor is furthermore beneficial to the global Agrochemicals market.
Agrochemicals, when used in higher concentrations, resulting in surface water pollution and adversely affect the environment. Thus, the production of bio-based fertilizers and pesticides has created several opportunities for the key market players.
Covid-19 Impact on Agrochemicals Market
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world
Agrochemicals Market Segment Overview
Based on the Type, Fertilizers is the largest segment in the global Agrochemicals market. Fertilizers are chemical substances supplied to the crops to increase their productivity. These are used by the farmers daily to increase the crop yield. Moreover, the fertilizers contain the essential nutrients required by the plants, including nitrogen, potassium, and phosphorus. They enhance the water retention capacity of the soil and also increase its fertility.
Moreover, the rising demand for improved fertilizers across countries depends on their agricultural sector. As well, the government is obliged to support the endeavors of the agricultural sector by offering subsidies and rebates to agriculturists. Hence, the government has played a significant role in propelling the growth of the global Agrochemicals market.
Agrochemicals Market, By Product Type
- Fertilizers
- Nitrogen Based
- Potassium Based
- Phosphorous based
- Others
- Pesticides
- Insecticides
- Fungicides
- Herbicides
- Bactericides
- Others
- Others (Soil Conditioners, acidifying agents etc.)
· Cereals
· Pulses and Oilseeds
· Fruits and Vegetables
· Lawns and Turfs
· Others
Agrochemicals Market Regional Overview
In terms of geography, Asia-Pacific accounted for the largest share of the agrochemicals market, owing to high agricultural activities in this region. Production and Consumption of agrochemicals in China and India are projected to grow with a significant growth rate during the forecast period owing to increasing consumption and production of fertilizers. Moreover, production and distribution facilities in this region are well-established, and rising nitrogen & potassium-based fertilizers consumption will create a significant opportunity for the growth of the Agrochemicals market in the Asia Pacific region. However, France is the largest agrochemicals market in Europe.
Agrochemicals Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Agrochemicals Market Competitor overview
Some key developments and strategies adopted by manufacturers in Agrochemicals are highlighted below.
· In June 2018, German chemical and pharma major Bayer AG announced completion of the $63 billion mega-deal to acquire US-based biotech major Monsanto to create the world’s biggest agro-chemical and seed company.
Agrochemicals Market, Key Players
· Gharda Chemicals Limited
· Zuari Agro Chemicals Ltd.
· Dow AgroSciences LLC
· Agrium Inc.
· Bayer AG
· BASF SE
· E. I. du Pont Nemours and Company
· Monsanto Company
· Sumitomo Chemical Co.
· Syngenta AG
· The Mosaic Co.
· Yara International ASA
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Agrochemicals Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product Type
- 5.2.1. Fertilizers
- 5.2.1.1. Nitrogen Based
- 5.2.1.2. Potassium Based
- 5.2.1.3. Phosphorous based
- 5.2.1.4. Others
- 5.2.2. Pesticides
- 5.2.2.1. Insecticides
- 5.2.2.2. Fungicides
- 5.2.2.3. Herbicides
- 5.2.2.4. Bactericides
- 5.2.2.5. Others
- 5.2.3. Others (Soil Conditioners, acidifying agents etc.)
- 5.2.1. Fertilizers
- 5.3. Market Analysis, Insights and Forecast – By Crop Type
- 5.3.1. Cereals
- 5.3.2. Pulses and Oilseeds
- 5.3.3. Fruits and Vegetables
- 5.3.4. Lawns and Turfs
- 5.3.5. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Agrochemicals Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product Type
- 6.2.1. Fertilizers
- 6.2.1.1. Nitrogen Based
- 6.2.1.2. Potassium Based
- 6.2.1.3. Phosphorous based
- 6.2.1.4. Others
- 6.2.2. Pesticides
- 6.2.2.1. Insecticides
- 6.2.2.2. Fungicides
- 6.2.2.3. Herbicides
- 6.2.2.4. Bactericides
- 6.2.2.5. Others
- 6.2.3. Others (Soil Conditioners, acidifying agents etc.)
- 6.2.1. Fertilizers
- 6.3. Market Analysis, Insights and Forecast – By Crop Type
- 6.3.1. Cereals
- 6.3.2. Pulses and Oilseeds
- 6.3.3. Fruits and Vegetables
- 6.3.4. Lawns and Turfs
- 6.3.5. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Agrochemicals Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product Type
- 7.2.1. Fertilizers
- 7.2.1.1. Nitrogen Based
- 7.2.1.2. Potassium Based
- 7.2.1.3. Phosphorous based
- 7.2.1.4. Others
- 7.2.2. Pesticides
- 7.2.2.1. Insecticides
- 7.2.2.2. Fungicides
- 7.2.2.3. Herbicides
- 7.2.2.4. Bactericides
- 7.2.2.5. Others
- 7.2.3. Others (Soil Conditioners, acidifying agents etc.)
- 7.2.1. Fertilizers
- 7.3. Market Analysis, Insights and Forecast – By Crop Type
- 7.3.1. Cereals
- 7.3.2. Pulses and Oilseeds
- 7.3.3. Fruits and Vegetables
- 7.3.4. Lawns and Turfs
- 7.3.5. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Agrochemicals Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product Type
- 8.2.1. Fertilizers
- 8.2.1.1. Nitrogen Based
- 8.2.1.2. Potassium Based
- 8.2.1.3. Phosphorous based
- 8.2.1.4. Others
- 8.2.2. Pesticides
- 8.2.2.1. Insecticides
- 8.2.2.2. Fungicides
- 8.2.2.3. Herbicides
- 8.2.2.4. Bactericides
- 8.2.2.5. Others
- 8.2.3. Others (Soil Conditioners, acidifying agents etc.)
- 8.2.1. Fertilizers
- 8.3. Market Analysis, Insights and Forecast – By Crop Type
- 8.3.1. Cereals
- 8.3.2. Pulses and Oilseeds
- 8.3.3. Fruits and Vegetables
- 8.3.4. Lawns and Turfs
- 8.3.5. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Agrochemicals Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product Type
- 9.2.1. Fertilizers
- 9.2.1.1. Nitrogen Based
- 9.2.1.2. Potassium Based
- 9.2.1.3. Phosphorous based
- 9.2.1.4. Others
- 9.2.2. Pesticides
- 9.2.2.1. Insecticides
- 9.2.2.2. Fungicides
- 9.2.2.3. Herbicides
- 9.2.2.4. Bactericides
- 9.2.2.5. Others
- 9.2.3. Others (Soil Conditioners, acidifying agents etc.)
- 9.2.1. Fertilizers
- 9.3. Market Analysis, Insights and Forecast – By Crop Type
- 9.3.1. Cereals
- 9.3.2. Pulses and Oilseeds
- 9.3.3. Fruits and Vegetables
- 9.3.4. Lawns and Turfs
- 9.3.5. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Gharda Chemicals Limited
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Zuari Agro Chemicals Ltd.
- 10.6. Dow AgroSciences LLC
- 10.7. Agrium Inc.
- 10.8. Bayer AG
- 10.9. BASF SE
- 10.10. E. I. du Pont Nemours and Company
- 10.11. Monsanto Company
- 10.12. Sumitomo Chemical Co.
- 10.13. Syngenta AG
- 10.14. The Mosaic Co.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
