Agrochemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Agrochemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A4315
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Market Overview:

The global agrochemicals market size reached US$ 266.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 339.4 Billion by 2027, exhibiting a growth rate (CAGR) of 4.01% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Agrochemicals are specialized chemicals and compounds used for protecting and improving the quality of farm products. They are used in agricultural fields and commercial plantation units for protecting the produce from pests, weeds and fungi and enhancing the overall yield. Some of the commonly used agrochemicals include nitrogen, phosphatic and potassic fertilizers, insecticides, herbicides, fungicides, rodenticides, molluscicides, nematicides and pesticides. They are added to soil to mitigate nutrient deficiencies and prevent diseases in the plants. Agrochemicals are usually water-insoluble and sprayed with surfactants or solvents to improve the application performance and bio-efficacy of the product. They are widely applied on the crops of cereals, grains, oilseeds, pulses, fruits and vegetables.

Agrochemicals Market Trends:

Significant growth in the agriculture industry across the globe is one of the key factors creating a positive outlook for the market. Due to the rising concerns regarding agricultural sustainability, soil health and environmental safety, agrochemicals are rapidly being used along with organic manure to improve soil fertility and plant health. Moreover, the escalating demand for exotic fruits, vegetables and flowers that require highly controlled environments and specific nutritional content in the soil is resulting in the increasing adoption of agrochemicals. Various product innovations, such as the development of sustainable bio-based agrochemicals, are acting as other growth-inducing factors. In comparison to the traditionally used synthetic chemicals, these variants are environment-friendly, more efficient and cost-effective. In line with this, the increasing preference for natural food products among the masses, is also contributing to the rising demand for agrochemicals. Other factors, including rising expenditure capacities of the consumers, along with the implementation of favorable government policies, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global agrochemicals market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on fertilizer type, pesticide type and crop type.

Breakup by Fertilizer Type:

  • Nitrogen Fertilizer
  • Phosphatic Fertilizer
  • Potassic Fertilizer
  • Others
     

Breakup by Pesticide Type:

  • Fungicides
  • Herbicides
  • Insecticides
  • Others
     

Breakup by Crop Type:

  • Cereals and Grains
  • Oilseeds and Pulses
  • Fruits and Vegetables
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Bayer AG, Corteva Inc., Dow Inc., FMC Corporation, Nufarm Ltd, Nutrien Ltd, Syngenta Group, The Archer-Daniels-Midland Company and Yara International ASA.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Fertilizer Type, Pesticide Type, Crop Type, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered BASF SE, Bayer AG, Corteva Inc., Dow Inc., FMC Corporation, Nufarm Ltd, Nutrien Ltd, Syngenta Group, The Archer-Daniels-Midland Company and Yara International ASA
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global agrochemicals market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global agrochemicals market?
  • What are the key regional markets?
  • What is the breakup of the market based on the fertilizer type?
  • What is the breakup of the market based on the pesticide type?
  • What is the breakup of the market based on the crop type?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global agrochemicals market and who are the key players?
  • What is the degree of competition in the industry?

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Agrochemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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