The global agrochemicals market was valued at $241.6 billion in 2018, and is projected to reach $336.4 billion by 2026, growing at a CAGR of 4.2% from 2019 to 2026.
The term agrochemicals defines a wide range of specifically engineered chemicals, such as pesticides, insecticides, fungicides, and others that effectively enhance the crop productivity by increasing soil fertility and protecting the crops against pests and weeds. Agrochemicals also includes synthetic fertilizers, hormones and other chemical growth agents, and concentrated stores of raw animal manure. Agrochemicals are further classified into synthetic, semi-synthetic, and bio-agrochemicals. The use of agrochemicals is an increasingly important thing in increasing the yield of agricultural crops.

The major factors that drive the agrochemicals market include the growth in demand for food, soil degradation, and increased adoption of bio-agrochemicals. Rapid increase in population results in rise in demand for food on a global basis, thus boosting the use of agrochemicals to enhance crop productivity. However, the presence of eco-friendly alternatives and increase in environmental concerns could hamper the market growth during the forecast period. In addition, significant growth opportunities are available in the market for the development of new and safe bio-based agrochemicals.

The global agrochemicals market is segmented into type and region. Based on type, the market is bifurcated into fertilizers and pesticides. Fertilizers are further classified into synthetic fertilizers (nitrogenous, phosphatic, potassic, and others) and bio fertilizers. The pesticides segment is further sub-segmented into herbicides, insecticides, fungicides, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players operating in the global agrochemicals market are BASF SE, Bayer AG, Dow, Inc., DuPont de Nemours, Inc., Sumitomo Chemical Company, Syngenta AG, The Mosaic Company, Yara International, Nutrien, Ltd., and FMC Corporation.

KEY BENEFITS FOR STAKEHOLDERS

  • The report includes in-depth analysis of different segments and provides market estimations between 2019 and 2026.
  • Porter’s Five Forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
  • Key market players are profiled to gain an understanding of the strategies adopted by them.
  • This report provides a detailed analysis of the current trends and future estimations from 2019 to 2026, which helps identify the prevailing market opportunities.


KEY MARKET SEGMENTS

By Type
  • Fertilizers
  • ·Synthetic Fertilizers

Nitrogenous

  • Urea
  • Ammonia
  • Calcium Ammonium Nitrate
  • Other Nitrogenous Fertilizers

Phosphatic

  • Di-Ammonium Phosphate (DAP)
  • Mono-Ammonium Phosphate (MAP)
  • Triple Superphosphate (TSP)
  • Other Phosphatic Fertilizers

Potassic

  • Potassium Chloride
  • Potassium Sulfate
  • Potassium Magnesium Sulfate
  • Others
  • ·Bio fertilizers
  • Pesticides
  • ·Herbicides

Synthetic Herbicides

  • Glyphosate
  • Atrazine
  • Acetochlor
  • 2,4-D
  • Paraquat
  • Others

Bio-Herbicides

  • ·Insecticides

Synthetic Insecticides

  • Organophosphates
  • Pyrethroids?
  • Methyl Carbamates
  • Neonicotinoids
  • Others

Bio-Insecticides

  • ·Fungicides

Synthetic Fungicides

  • Dithiocarbamates
  • Benzimidazoles
  • Chloronitriles
  • Triazoles
  • Phenylamides
  • Strobilurins
  • Others

Bio-Fungicides

  • ·Others

Other Synthetic Pesticides
Other Bio Pesticides
 

By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Australia
  • India
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Argentina
  • Rest of LAMEA


Key Market Players

  • BASF SE
  • Bayer AG
  • Dow, Inc.
  • DuPont de Nemours, Inc.
  • Sumitomo Chemical Company
  • Syngenta AG
  • The Mosaic Company
  • Yara International
  • Nutrien, Ltd.
  • FMC Corporation


The other companies in accordance with agrochemicals are Makhteshim Agan Industries Ltd., CF Industries Holdings Inc., Jordan Abyad Fertilizers & Chemicals Company, and others.