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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.
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.
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:
Breakup by Pesticide Type:
Breakup by Crop Type:
Breakup by Region:
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.
|Base Year of the Analysis||2021|
|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)|
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