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In 2022, the global agrochemicals market was estimated to be worth $336.9 billion. With a CAGR of 5.50% between 2023 and 2030, the agrochemicals market is expected to balloon from USD 352.06 Billion in 2023 to USD 458.49 Billion by 2030. Key market drivers boosting market expansion include rising demand for fertilisers and the rising requirement for crop protection.
Due to rising demand for food grains and the population boom, the fertiliser market is likely to maintain its size and penetration over the forecast period. The developing economies of the Asia–Pacific region, particularly India and China, were primary drivers of this demand. For instance, in 2019-20, India used 57.35 million tonnes of fertilisers, with urea being the most popular. As rodent and pest attacks on crops become more common, we can anticipate greater uptake of crop protection chemicals like herbicides and fungicides.
The agrochemicals industry is anticipated to be driven by the rising demand of crop protection chemicals. The Food and Agriculture Organisation (FAO) reports that in 2019, global pesticide use reached 4.2 million metric tonnes, an increase of 11.6% from 2009. That's an increase of 436 thousand metric tonnes in pesticide use over the past decade. The agrochemicals industry is booming thanks to rising worldwide demand for pesticides.
Agrochemicals are synthetic chemical or biological mixtures used to improve crop output and quality. Agrochemicals can be broken down into subsets like pesticides and fertilisers. Fertilisers enhance crop quality by providing necessary nutrients to the crop and soil, while pesticides protect crops by killing or suppressing pests and weeds that could harm them. In view of the current population crisis, it is critical to increase agricultural productivity on the available arable land in order to feed the world's population. When it comes to improving crop quality and yield, agrochemicals are indispensable tools for farmers. The term "agrochemicals" refers to a broad category of products used in agriculture, such as those used to increase crop yields and combat pests and illnesses. Demand for agrochemicals is predicted to continue high in the coming years because to the increasing pressure on farmers to produce more food with fewer resources.
High population and rising food demand, soil degradation, scarcity of arable land, and rising consumer awareness of the benefits of agrochemicals are all pushing the global agrochemicals market forward. However, the possible dangers of utilising synthetic pesticides like 2, 4-D and atrazine herbicide may impede the market's expansion. Higher concentrations of agrochemicals have a negative impact on the environment by polluting surface water. Consequently, major market participants have many new potential to profit from the manufacturing of bio-based fertilisers and pesticides.
As the global population and standard of living rise, so do patterns of consumption. Along with meeting rising demand, meeting the nutritional needs of a growing middle class is essential. For instance, in 2021, the IMF predicts that India's population would reach 1.39 billion. FAO predicts that in 2021, 11.7% of the global population would be severely food insecure. A key barrier to guaranteeing food and nutritional security is waste, which is generated by dwindling arable area and crops lost to pest assaults. Since 2000, the overall area of farmland in the United States has dropped annually, according to the Department of Agriculture. The amount of cropland in the world decreased by over 50 million acres to 895.3 million in 2021. These factors boost agricultural output by raising the demand for agrochemicals.
Farmers in most nations, including India, China, Thailand, Vietnam, and South Korea, are now able to engage in intensive crop management thanks to advances in agricultural chemistry. More people are using pest control solutions because of the increased publicity around crop protection chemicals, and this has led to an improved knowledge of the possibility of more lucrative prospects with minimal loss. The rising number of patents and product registrations in the worldwide agrochemicals sector is a key factor propelling the market.
Farmers that consistently use the same pesticides wipe out the vast majority of the susceptible population. However, when the same pesticides are used extensively over a long period of time, the population eventually develops a resistance and the resistant population quickly expands. Weeds that have evolved resistance to numerous herbicides, known as "superweeds," pose a severe challenge to farmers who find their fields overrun with weeds they lack the equipment and knowledge to eradicate. Agrichemical firms instead release new formulations of several herbicides rather than addressing the reasons of resistance. Sometimes, newer, more dangerous chemicals like 2,4-D, dicamba, and atrazine find their way into these newer formulations. These changes could have a major impact on the amount of pesticides used on crops.
Report Coverage
Global Agrochemicals research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Agrochemicals report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Agrochemicals competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Agrochemicals market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Agrochemicals market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Agrochemicals market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
The Mosaic Company (US), Bayer CropScience Limited (Germany), The Dow Chemical Company (US), BASF SE (Germany), Monsanto Company (US), Syngenta AG (Switzerland), Adama Agricultural Solutions Ltd (Israel), Nufarm Limited (Australia), Arysta Lifescience Corporation (Japan), and Crystal Crop Protection Pvt. Ltd. (India)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Agrochemicals market based on the below-mentioned segments:
Global Agrochemicals Market, By Type
Pesticides
Fertilizers
Global Agrochemicals market, By Product Type
Potassic
Nitrogenous
Phosphatic
Global Agrochemicals Market, By Crop Type
Food Grains
Cash Crops
Plantation Crops
Horticulture Crops
Global Agrochemicals market, Regional Analysis
Due to rising demand for food grains and the population boom, the fertiliser market is likely to maintain its size and penetration over the forecast period. The developing economies of the Asia–Pacific region, particularly India and China, were primary drivers of this demand. For instance, in 2019-20, India used 57.35 million tonnes of fertilisers, with urea being the most popular. As rodent and pest attacks on crops become more common, we can anticipate greater uptake of crop protection chemicals like herbicides and fungicides.
The agrochemicals industry is anticipated to be driven by the rising demand of crop protection chemicals. The Food and Agriculture Organisation (FAO) reports that in 2019, global pesticide use reached 4.2 million metric tonnes, an increase of 11.6% from 2009. That's an increase of 436 thousand metric tonnes in pesticide use over the past decade. The agrochemicals industry is booming thanks to rising worldwide demand for pesticides.
Agrochemicals are synthetic chemical or biological mixtures used to improve crop output and quality. Agrochemicals can be broken down into subsets like pesticides and fertilisers. Fertilisers enhance crop quality by providing necessary nutrients to the crop and soil, while pesticides protect crops by killing or suppressing pests and weeds that could harm them. In view of the current population crisis, it is critical to increase agricultural productivity on the available arable land in order to feed the world's population. When it comes to improving crop quality and yield, agrochemicals are indispensable tools for farmers. The term "agrochemicals" refers to a broad category of products used in agriculture, such as those used to increase crop yields and combat pests and illnesses. Demand for agrochemicals is predicted to continue high in the coming years because to the increasing pressure on farmers to produce more food with fewer resources.
High population and rising food demand, soil degradation, scarcity of arable land, and rising consumer awareness of the benefits of agrochemicals are all pushing the global agrochemicals market forward. However, the possible dangers of utilising synthetic pesticides like 2, 4-D and atrazine herbicide may impede the market's expansion. Higher concentrations of agrochemicals have a negative impact on the environment by polluting surface water. Consequently, major market participants have many new potential to profit from the manufacturing of bio-based fertilisers and pesticides.
As the global population and standard of living rise, so do patterns of consumption. Along with meeting rising demand, meeting the nutritional needs of a growing middle class is essential. For instance, in 2021, the IMF predicts that India's population would reach 1.39 billion. FAO predicts that in 2021, 11.7% of the global population would be severely food insecure. A key barrier to guaranteeing food and nutritional security is waste, which is generated by dwindling arable area and crops lost to pest assaults. Since 2000, the overall area of farmland in the United States has dropped annually, according to the Department of Agriculture. The amount of cropland in the world decreased by over 50 million acres to 895.3 million in 2021. These factors boost agricultural output by raising the demand for agrochemicals.
Farmers in most nations, including India, China, Thailand, Vietnam, and South Korea, are now able to engage in intensive crop management thanks to advances in agricultural chemistry. More people are using pest control solutions because of the increased publicity around crop protection chemicals, and this has led to an improved knowledge of the possibility of more lucrative prospects with minimal loss. The rising number of patents and product registrations in the worldwide agrochemicals sector is a key factor propelling the market.
Farmers that consistently use the same pesticides wipe out the vast majority of the susceptible population. However, when the same pesticides are used extensively over a long period of time, the population eventually develops a resistance and the resistant population quickly expands. Weeds that have evolved resistance to numerous herbicides, known as "superweeds," pose a severe challenge to farmers who find their fields overrun with weeds they lack the equipment and knowledge to eradicate. Agrichemical firms instead release new formulations of several herbicides rather than addressing the reasons of resistance. Sometimes, newer, more dangerous chemicals like 2,4-D, dicamba, and atrazine find their way into these newer formulations. These changes could have a major impact on the amount of pesticides used on crops.
Report Coverage
Global Agrochemicals research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Agrochemicals report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Agrochemicals competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Agrochemicals market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | The Mosaic Company (US), Bayer CropScience Limited (Germany), The Dow Chemical Company (US), BASF SE (Germany), Monsanto Company (US), Syngenta AG (Switzerland), Adama Agricultural Solutions Ltd (Israel), Nufarm Limited (Australia), Arysta Lifescience Corporation (Japan), and Crystal Crop Protection Pvt. Ltd. (India) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Agrochemicals Market from 2021 to 2030.
- Market Forecast for Agrochemicals Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Agrochemicals competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Agrochemicals
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Agrochemicals market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Agrochemicals market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
The Mosaic Company (US), Bayer CropScience Limited (Germany), The Dow Chemical Company (US), BASF SE (Germany), Monsanto Company (US), Syngenta AG (Switzerland), Adama Agricultural Solutions Ltd (Israel), Nufarm Limited (Australia), Arysta Lifescience Corporation (Japan), and Crystal Crop Protection Pvt. Ltd. (India)
Primary Target Market
- Market Players of Agrochemicals
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Agrochemicals market based on the below-mentioned segments:
Global Agrochemicals Market, By Type
Pesticides
Fertilizers
Global Agrochemicals market, By Product Type
Potassic
Nitrogenous
Phosphatic
Global Agrochemicals Market, By Crop Type
Food Grains
Cash Crops
Plantation Crops
Horticulture Crops
Global Agrochemicals market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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