Agrochemicals Market Opportunities 2031
MARKET OVERVIEW
Agrochemicals are chemical substances or formulations used in agriculture to enhance crop production, protect crops from pests and diseases, and provide essential nutrients to the soil for absorption by the crops. They include growth regulators, pesticides, and fertilizers. However, using agrochemicals also raises concerns about potential environmental and health impacts. Their improper use or excessive application can lead to pollution of water bodies, soil degradation, and have an adverse effect on non-target organism, including beneficial insects and wildlife. Therefore, it is important to use the most appropriate agrochemicals and follow recommended application practices to minimize any potential negative impacts on the crop, wildlife as well as the people handling the plantation.
MARKET DYNAMICS
Agrochemicals play a significant role in agriculture practices by helping to control pests, diseases, and weeds that could negatively impact crop yields. Using crop protection chemicals can increase productivity and it is essential to consider various factors while choosing the right agrochemical solution. The demand for sustainable agricultural practices has been growing across the globe which is expected to aid the demand growth of organic agrochemicals. The development of resistance in certain insect species to agrochemicals, including insecticides, is a significant concern across farms around the globe. Crop-specific nutrient management is an important aspect of modern farming practices that aims to optimize the use of nutrients based on the specific needs of different crops. It involves the application of the right volume of agrochemicals to combat the required The increasing cost of raw materials is a significant concern for various industries, including agriculture.
MARKET SCOPE AND REPORT FEATURES
The "Global Agrochemicals Market Analysis to 2031" is a specialized and in-depth study with a major focus on the global market trends and growth opportunities. The report aims to provide an overview of the global market with detailed market segmentation by type, crop type, and geography. The global agrochemicals market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of agrochemicals worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the agrochemicals market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in agrochemicals market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets.
Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global agrochemicals market, which helps understand the entire supply chain and various factors affecting the market growth.
SEGMENTAL ANALYSIS
The global agrochemicals market is segmented on the basis of product type and crop type. Based on type, the agrochemicals market is segmented as fertilizers, insecticides, herbicides, nematicides, fungicides, biological insecticides and fungicides, biological stimulants, and others. On the basis of crop type, the agrochemicals market is classified as, cereals and grains, oilseeds and pulses, fruits and vegetables, and others.
Based on product type, the fertilizers segment accounted for a major portion go the global agrochemicals market share. The increasing demand for fertilizer, including anhydrous ammonia, ammonium nitrate, and urea, can be attributed to the need for enhanced crop production. Fertilizers play a crucial role in modern agriculture by providing essential nutrients to crops, which helps optimize their growth and maximize yields. These nutrients include nitrogen, phosphorus, and potassium, among others. Anhydrous ammonia, ammonium nitrate, and urea are widely used fertilizers due to their high nitrogen content, a vital nutrient for plant development. Overall, the increasing demand for food, the need for improved crop productivity, and the adoption of modern agricultural practices have propelled the fertilizers segment growth in the agrochemicals market. Moreover, the biological insecticides and fungicides is expected to witness significant growth during the forecast period. The increasing implementation of sustainable agriculture practices is expected to be a major factor aiding the growth of this segment. Biological insecticides and fungicides are sourced from bio-based products and help efficiently mitigate or eliminate the attack of pests on crops.
REGIONAL INSIGHTS
The report provides a detailed overview of the global agrochemicals market with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Asia-Pacific is estimated to account for a significant share of the market. One of the key reasons for this dominance is its status as the world’s top producer of agricultural goods. China was one of the largest players in the global agrochemicals market. China has a significant presence in producing and exporting agrochemicals, including pesticides and fertilizers. The large population in the region has also propelled the demand for increasing agricultural yield, thereby increasing the consumption of agrochemicals.
MARKET PLAYERS
Some of the key players operating in the agrochemicals market include, Bayer AG, YARA, UPL, ADAMA, Phytograines Cameroon SARL, CORTEVA, SOLEVO, Balton Rwanda LTD, Kynoch Fertilizer, Huntsman International LLC, Clariant AG, Ashland, Inc, Stepan Company, and Toguna Agro among others.
January, 2022: Lantmannen and Corteva signed an agreement to launch fossil-free fertilizers.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Agrochemicals Market - By Pesticide Type
1.3.2 Agrochemicals Market - By Crop Application
1.3.3 Agrochemicals Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AGROCHEMICALS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. AGROCHEMICALS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. AGROCHEMICALS MARKET - GLOBAL MARKET ANALYSIS
6.1. AGROCHEMICALS - GLOBAL MARKET OVERVIEW
6.2. AGROCHEMICALS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. AGROCHEMICALS MARKET - REVENUE AND FORECASTS TO 2028 - PESTICIDE TYPE
7.1. OVERVIEW
7.2. PESTICIDE TYPE MARKET FORECASTS AND ANALYSIS
7.3. FERTILIZERS
7.3.1. Overview
7.3.2. Fertilizers Market Forecast and Analysis
7.4. PESTICIDES (HERBICIDES
7.4.1. Overview
7.4.2. Pesticides (Herbicides Market Forecast and Analysis
7.5. INSECTICIDES
7.5.1. Overview
7.5.2. Insecticides Market Forecast and Analysis
7.6. FUNGICIDES
7.6.1. Overview
7.6.2. Fungicides Market Forecast and Analysis
7.7. OTHERS)
7.7.1. Overview
7.7.2. Others) Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. AGROCHEMICALS MARKET - REVENUE AND FORECASTS TO 2028 - CROP APPLICATION
8.1. OVERVIEW
8.2. CROP APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CEREALS AND GRAINS
8.3.1. Overview
8.3.2. Cereals and Grains Market Forecast and Analysis
8.4. OILSEEDS AND PULSES
8.4.1. Overview
8.4.2. Oilseeds and Pulses Market Forecast and Analysis
8.5. FRUITS AND VEGETABLES
8.5.1. Overview
8.5.2. Fruits and Vegetables Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. AGROCHEMICALS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Agrochemicals Market Overview
9.1.2 North America Agrochemicals Market Forecasts and Analysis
9.1.3 North America Agrochemicals Market Forecasts and Analysis - By Pesticide Type
9.1.4 North America Agrochemicals Market Forecasts and Analysis - By Crop Application
9.1.5 North America Agrochemicals Market Forecasts and Analysis - By Countries
9.1.5.1 United States Agrochemicals Market
9.1.5.1.1 United States Agrochemicals Market by Pesticide Type
9.1.5.1.2 United States Agrochemicals Market by Crop Application
9.1.5.2 Canada Agrochemicals Market
9.1.5.2.1 Canada Agrochemicals Market by Pesticide Type
9.1.5.2.2 Canada Agrochemicals Market by Crop Application
9.1.5.3 Mexico Agrochemicals Market
9.1.5.3.1 Mexico Agrochemicals Market by Pesticide Type
9.1.5.3.2 Mexico Agrochemicals Market by Crop Application
9.2. EUROPE
9.2.1 Europe Agrochemicals Market Overview
9.2.2 Europe Agrochemicals Market Forecasts and Analysis
9.2.3 Europe Agrochemicals Market Forecasts and Analysis - By Pesticide Type
9.2.4 Europe Agrochemicals Market Forecasts and Analysis - By Crop Application
9.2.5 Europe Agrochemicals Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Agrochemicals Market
9.2.5.1.1 Germany Agrochemicals Market by Pesticide Type
9.2.5.1.2 Germany Agrochemicals Market by Crop Application
9.2.5.2 France Agrochemicals Market
9.2.5.2.1 France Agrochemicals Market by Pesticide Type
9.2.5.2.2 France Agrochemicals Market by Crop Application
9.2.5.3 Italy Agrochemicals Market
9.2.5.3.1 Italy Agrochemicals Market by Pesticide Type
9.2.5.3.2 Italy Agrochemicals Market by Crop Application
9.2.5.4 United Kingdom Agrochemicals Market
9.2.5.4.1 United Kingdom Agrochemicals Market by Pesticide Type
9.2.5.4.2 United Kingdom Agrochemicals Market by Crop Application
9.2.5.5 Russia Agrochemicals Market
9.2.5.5.1 Russia Agrochemicals Market by Pesticide Type
9.2.5.5.2 Russia Agrochemicals Market by Crop Application
9.2.5.6 Rest of Europe Agrochemicals Market
9.2.5.6.1 Rest of Europe Agrochemicals Market by Pesticide Type
9.2.5.6.2 Rest of Europe Agrochemicals Market by Crop Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Agrochemicals Market Overview
9.3.2 Asia-Pacific Agrochemicals Market Forecasts and Analysis
9.3.3 Asia-Pacific Agrochemicals Market Forecasts and Analysis - By Pesticide Type
9.3.4 Asia-Pacific Agrochemicals Market Forecasts and Analysis - By Crop Application
9.3.5 Asia-Pacific Agrochemicals Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Agrochemicals Market
9.3.5.1.1 Australia Agrochemicals Market by Pesticide Type
9.3.5.1.2 Australia Agrochemicals Market by Crop Application
9.3.5.2 China Agrochemicals Market
9.3.5.2.1 China Agrochemicals Market by Pesticide Type
9.3.5.2.2 China Agrochemicals Market by Crop Application
9.3.5.3 India Agrochemicals Market
9.3.5.3.1 India Agrochemicals Market by Pesticide Type
9.3.5.3.2 India Agrochemicals Market by Crop Application
9.3.5.4 Japan Agrochemicals Market
9.3.5.4.1 Japan Agrochemicals Market by Pesticide Type
9.3.5.4.2 Japan Agrochemicals Market by Crop Application
9.3.5.5 South Korea Agrochemicals Market
9.3.5.5.1 South Korea Agrochemicals Market by Pesticide Type
9.3.5.5.2 South Korea Agrochemicals Market by Crop Application
9.3.5.6 Rest of Asia-Pacific Agrochemicals Market
9.3.5.6.1 Rest of Asia-Pacific Agrochemicals Market by Pesticide Type
9.3.5.6.2 Rest of Asia-Pacific Agrochemicals Market by Crop Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Agrochemicals Market Overview
9.4.2 Middle East and Africa Agrochemicals Market Forecasts and Analysis
9.4.3 Middle East and Africa Agrochemicals Market Forecasts and Analysis - By Pesticide Type
9.4.4 Middle East and Africa Agrochemicals Market Forecasts and Analysis - By Crop Application
9.4.5 Middle East and Africa Agrochemicals Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Agrochemicals Market
9.4.5.1.1 South Africa Agrochemicals Market by Pesticide Type
9.4.5.1.2 South Africa Agrochemicals Market by Crop Application
9.4.5.2 Saudi Arabia Agrochemicals Market
9.4.5.2.1 Saudi Arabia Agrochemicals Market by Pesticide Type
9.4.5.2.2 Saudi Arabia Agrochemicals Market by Crop Application
9.4.5.3 U.A.E Agrochemicals Market
9.4.5.3.1 U.A.E Agrochemicals Market by Pesticide Type
9.4.5.3.2 U.A.E Agrochemicals Market by Crop Application
9.4.5.4 Rest of Middle East and Africa Agrochemicals Market
9.4.5.4.1 Rest of Middle East and Africa Agrochemicals Market by Pesticide Type
9.4.5.4.2 Rest of Middle East and Africa Agrochemicals Market by Crop Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Agrochemicals Market Overview
9.5.2 South and Central America Agrochemicals Market Forecasts and Analysis
9.5.3 South and Central America Agrochemicals Market Forecasts and Analysis - By Pesticide Type
9.5.4 South and Central America Agrochemicals Market Forecasts and Analysis - By Crop Application
9.5.5 South and Central America Agrochemicals Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Agrochemicals Market
9.5.5.1.1 Brazil Agrochemicals Market by Pesticide Type
9.5.5.1.2 Brazil Agrochemicals Market by Crop Application
9.5.5.2 Argentina Agrochemicals Market
9.5.5.2.1 Argentina Agrochemicals Market by Pesticide Type
9.5.5.2.2 Argentina Agrochemicals Market by Crop Application
9.5.5.3 Rest of South and Central America Agrochemicals Market
9.5.5.3.1 Rest of South and Central America Agrochemicals Market by Pesticide Type
9.5.5.3.2 Rest of South and Central America Agrochemicals Market by Crop Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. AGROCHEMICALS MARKET, KEY COMPANY PROFILES
11.1. BASF SE
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BAYER CROPSCIENCE LIMITED
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CF INDUSTRIES HOLDINGS, INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. E. I. DU PONT DE NEMOURS AND COMPANY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ICL
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MONSANTO COMPANY
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NUTRIEN LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SYNGENTA
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THE MOSAIC COMPANY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. YARA
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. BASF SE
2. Bayer CropScience Limited
3. CF Industries Holdings, Inc.
4. E. I. du Pont de Nemours and Company
5. ICL
6. Monsanto Company
7. Nutrien Ltd.
8. Syngenta
9. The Mosaic Company
10. Yara
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For