The global agrochemical market size is estimated to reach USD 295.83 billion by 2030, growing at a CAGR of 3.40% during the forecast period, 2022-2030 and it was valued at USD 232.29 billion in 2022.
Agriculture chemical is a term used for various chemical substances used in agriculture. These chemicals are broadly categorized as fertilizers and pesticides, which help manage the agricultural ecosystem. These chemicals are majorly used in crops to protect them from various organisms that might infect or slow down the potential growth of the crops and increase the yield. It is widely used in all forms of farming sector. As it improves productivity, farmers rely more on agrochemicals to cultivate crops that aren’t damaged by pests. Despite many technical advancements in agriculture like pump sets, tractors, etc., agrochemicals are considered more fruitful regarding crop productivity.
The significant factor is the burgeoning increase in the percentage of the population worldwide. To cater to this vast population’s needs, more than sufficient amount of food must be produced, where the agrochemicals help maximize the crop yield. Crop demand as animal fodder and for the textile industry has increased the agrochemical demand.
Additionally, there is an increase in the investment in research and development for producing more new agrochemicals where a small quantity is used to cover a large land and increase the production of greenhouse vegetables.
Increased industrialization and urbanization, reducing per capita farm land is reduced. With the low availability of arable land and rising water scarcity, there has been a gap in the food produced and consumed. Agrochemicals are the key solution for farmers to produce the expected quantity of food with the available resources. Developingcountriess which are focusing more on the agricultural sector hugely rely on agrochemicals for catering to the needs of people as well as for imports and exports.
As people nowadays are more organic-centric and health cautious and knowing people preference, the manufacturers have now shifted towards bio-based agrochemicals from the synthetic ones. The bio-based agrochemical not only kills the pests, weeds, parasites, but also improves the health of plant and soil. The increase in soil fertility can improve the quality as well as the quantity of food produced. These bio chemicals are basically microbes, plant extracts and bacteria that are occurred naturally and are not toxic to the environment.
Based on the fertilizer type, the global agrochemicals market can be segmented into Synthetic, Phosphatic, Potassic, Others. The synthetic fertilizer segment dominates the market during the year 2021. The main reason is the enhancement of yield which acts fast in saving the damaged plants compared to the organic fertilizers. Using synthetic fertilizers, the plant can grow full in a short period of time and makes the farmers harvest more.
Phosphatic fertilizers also holds a good market share as they help the plants in improving resilience and helps them grow without the environmental stress affecting the. It improves the growth of roots and also considered as the key nutrient for the formation of flower and the production of seed.
Based on the pesticide type, the global agrochemicals market can be segmented into herbicides, insecticides, fungicides, and others. The herbicide segment is witnessed to have the highest share in the market during the forecasted period. The reason for the growth is because it helps in removing the undesired plants in the farms, lawns, forests, etc. Killing out the unwanted plants or weeds and leaving the desired plants to grow is the major function of herbicides. It is easily available and the cost is low compared to the wage given for removing the undesired plants.
The market for fungicides also has significant growth as they help in preventing the growth of fungus. It is widely used to protect the seeds from fungus that are stored and helps in killing the growth of toxic ones.
Based on the application, the global agrochemicals market can be bifurcated into crop based and non-crop-based segment. The crop-based segment holds the maximum revenue share in the market for the period 2021 because of the wide application of agrochemicals in fruits & vegetables, cereal & grains, oilseed, etc. The usage of agrochemicals is comparatively more in cereals and grains because when here is a lack of soil nutrition, it reduces the yield of the grains and cereals which in turn reduces the total availability. It is also used in killing pests in turf and ornamental glass plants. The increase in demand for wholegrain products plays a key role in expanding the agrochemical market.
Based on the region, the global agrochemicals market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific region holds the highest revenue in the market as the region holds 60% of population as reported by the World Bank. India and China are big agricultural countries with the resources to do agriculture. Because of the high growing population in both the countries, the quantity manufactured is also high and are also the key players in exporting food.
Companies like Dow, Syngenta Crop Protection AG, ADAMA India Private Limited, K+S Minerals and Agriculture GmbH, PhosAgro Group of Companies, Zuari Agro Chemicals, Monsanto and Dupont, Bayer, Israel Chemicals Limited, Others are the key players in the global agrochemicals market.
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1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
4.1. Supply Chain Analysis
4.2. Economic Factor Analysis
4.2.1. Drivers
4.2.2. Trends
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape
4.4. Competitors & Product Analysis
4.5. Regulatory Framework
4.6. Company market share analysis, 2022
4.7. Porter’s Five Forces Analysis
4.8. Price point analysis
4.9. New Investment Analysis
4.10.PESTEL Analysis
4.11.Pre Covid-19 Impact
4.12.Covid-19 Impact
4.13.Post Covid-19 Impact
5.1. Market Size & Forecast, 2017-2030
5.1.1. Demand
5.1.1.1. By Value (USD Billion)
5.2. Market Share & Forecast, 2017-2030
5.2.1. By Fertilizer Type
5.2.1.1. Synthetic
5.2.1.2. Phosphatic
5.2.1.3. Potassic
5.2.1.4. Others
5.2.2. By Pesticide Type
5.2.2.1. Herbicides
5.2.2.2. Insecticides
5.2.2.3. Fungicides
5.2.2.4. Others
5.2.3. By Technology
5.2.3.1. Crop Based
5.2.3.2. Non-Crop Based
5.2.3.3. Others
5.2.4. By Region
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia Pacific
5.2.4.4. The Middle East & Africa
5.2.4.5. South America
6.1. North America Agrochemicals Market size & Forecast, 2017-2030
6.1.1. Demand
6.1.1.1. By Value (USD Billion)
6.2. North America Agrochemicals Market Share & Forecast, 2017-2030
6.2.1. By Fertilizer Type
6.2.1.1. Synthetic
6.2.1.2. Phosphatic
6.2.1.3. Potassic
6.2.1.4. Others
6.2.2. By Pesticide Type
6.2.2.1. Herbicides
6.2.2.2. Insecticides
6.2.2.3. Fungicides
6.2.2.4. Others
6.2.3. By Technology
6.2.3.1. Crop Based
6.2.3.2. Non-Crop Based
6.2.3.3. Others
6.2.4. By Country
6.2.4.1. US
6.2.4.2. Canada
6.2.4.3. Mexico
7.1. Europe Agrochemicals Market size & Forecast, 2017-2030
7.1.1. Demand
7.1.1.1. By Value (USD Billion)
7.2. Europe Agrochemicals Market Share & Forecast, 2017-2030
7.2.1. By Fertilizer Type
7.2.1.1. Synthetic
7.2.1.2. Phosphatic
7.2.1.3. Potassic
7.2.1.4. Others
7.2.2. By Pesticide Type
7.2.2.1. Herbicides
7.2.2.2. Insecticides
7.2.2.3. Fungicides
7.2.2.4. Others
7.2.3. By Technology
7.2.3.1. Crop Based
7.2.3.2. Non-Crop Based
7.2.3.3. Others
7.2.4. By Country
7.2.4.1. Germany
7.2.4.2. UK
7.2.4.3. France
7.2.4.4. Italy
7.2.4.5. Rest of Europe
8.1. Asia Pacific Agrochemicals Market size & Forecast, 2017-2030
8.1.1. Demand
8.1.1.1. By Value (USD Billion)
8.2. Asia Pacific Agrochemicals Market Share & Forecast, 2017-2030
8.2.1. By Fertilizer Type
8.2.1.1. Synthetic
8.2.1.2. Phosphatic
8.2.1.3. Potassic
8.2.1.4. Others
8.2.2. By Pesticide Type
8.2.2.1. Herbicides
8.2.2.2. Insecticides
8.2.2.3. Fungicides
8.2.2.4. Others
8.2.3. By Technology
8.2.3.1. Crop Based
8.2.3.2. Non-Crop Based
8.2.3.3. Others
8.2.4. By Country
8.2.4.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.4.4. Australia
8.2.4.5. Rest of Asia pacific
9.1. The Middle East & Africa Agrochemicals Market size & Forecast, 2017-2030
9.1.1. Demand
9.1.1.1. By Value (USD Billion)
9.2. The Middle East & Africa Agrochemicals Market Share & Forecast, 2017-2030
9.2.1. By Fertilizer Type
9.2.1.1. Synthetic
9.2.1.2. Phosphatic
9.2.1.3. Potassic
9.2.1.4. Others
9.2.2. By Pesticide Type
9.2.2.1. Herbicides
9.2.2.2. Insecticides
9.2.2.3. Fungicides
9.2.2.4. Others
9.2.3. By Technology
9.2.3.1. Crop Based
9.2.3.2. Non-Crop Based
9.2.3.3. Others
9.2.4. By Country
9.2.4.1. Saudi Arabia
9.2.4.2. UAE
9.2.4.3. South Africa
9.2.4.4. Rest of The Middle East & Africa
10.1. South America Agrochemicals Market size & Forecast, 2017-2030
10.1.1. Demand
10.1.1.1. By Value (USD Billion)
10.2. South America Agrochemicals Market Share & Forecast, 2017-2030
10.2.1. By Fertilizer Type
10.2.1.1. Synthetic
10.2.1.2. Phosphatic
10.2.1.3. Potassic
10.2.1.4. Others
10.2.2. By Pesticide Type
10.2.2.1. Herbicides
10.2.2.2. Insecticides
10.2.2.3. Fungicides
10.2.2.4. Others
10.2.3. By Technology
10.2.3.1. Crop Based
10.2.3.2. Non-Crop Based
10.2.3.3. Others
10.2.4. By Country
10.2.4.1. Brazil
10.2.4.2. Argentina
10.2.4.3. Rest of South America
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company profile
11.7.1. Dow
11.7.2. Syngenta Crop Protection AG
11.7.3. ADAMA India Private Limited
11.7.4. K+S Minerals and Agriculture GmbH
11.7.5. PhosAgro Group of Companies
11.7.6. Zuari Agro Chemicals
11.7.7. Monsanto and Dupont
11.7.8. Bayer
11.7.9. Israel Chemicals Limited
11.7.10. Other Prominent Players.
The global agrochemical market size is estimated to reach USD 295.83 billion by 2030, growing at a CAGR of 3.40% during the forecast period, 2022-2030 and it was valued at USD 232.29 billion in 2022.
Agriculture chemical is a term used for various chemical substances used in agriculture.
Companies like Dow, Syngenta Crop Protection AG, ADAMA India Private Limited, K+S Minerals and Agriculture GmbH, PhosAgro Group of Companies, Zuari Agro Chemicals, Monsanto and Dupont, Bayer, Israel Chemicals Limited, Others are the key players in the global agrochemicals market.
The Asia Pacific region holds the highest revenue in the market.
The crop-based segment holds the maximum revenue share in the market.
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