[193 Pages Report] The Agrochemicals Market size was estimated at USD 82.19 billion in 2023 and expected to reach USD 86.26 billion in 2024, at a CAGR 5.32% to reach USD 118.22 billion by 2030.
Agrochemicals are chemical formulations widely used to control pests and pathogens and supply nutrients to the soil. The use of agrochemicals, including pesticides, plant growth regulators, and fertilizers, is resulting in increased yield and growth of crops and thus providing stability to agricultural production. Agrochemicals help minimize this loss by protecting crops, increasing productivity, and maintaining the quality of the produce. The rising incidences of plant disease, the impact of abiotic stressors, and increasing demand for high-quality crops fuel the use of abiotic stressors. However, the fluctuating cost of raw materials and reluctance toward adopting chemical pesticides may limit their use by farmers. Moreover, the growing trend of precision farming and increasing R&D for molecule development for better crop production and quality are expected to increase their adoption by agriculturists.
Regional Insights
The agrochemicals market is highly developing in the APAC and EMEA region owing to the rising population and growing demand for food. According to the data published by the Asian Development Bank world’s population is projected to increase by more than 2 billion by 2050, the majority of which is projected to be from Asia. Additionally, the rising plant disease incidences and the changing environmental conditions are inclining agriculturists to employ agrochemicals to protect crops and improve agricultural productivity. The continuous improvements and production of efficient agrochemicals in the Americas and Europe region are accelerating their use by the farmers in the region to enhance crop yield. Additionally, the provision of grants and subsidies is expected to increase the production of agrochemicals in the APAC region. For instance, in the past few years, the Government of India planned to launch a production-linked incentive (PLI) scheme for the promotion of domestic manufacturing of agrochemicals. Furthermore, the rise in R&D for developing novel and efficient chemical molecules to protect plants from diseases and the growing implementation of advanced farming techniques, including precision farming, is expected to encourage the use of agrochemicals worldwide.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Agrochemicals Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Agrochemicals Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Agrochemicals Market, highlighting leading vendors and their innovative profiles. These include ADAMA Agricultural Solutions Limited, AdvanSix, AgroFresh Solutions, Inc., Alligare LLC, American Industries Inc., American Vanguard Corporation, Ascot Pro-G, Azelis Agricultural & Environmental Solutions, BASF SE, Bayer AG, Certis Europe B.V., CF Industries Holdings, Inc., Corteva, Inc., CVR Partners, LP, Detia Degesch GmbH, DGL Group, Dow AgroSciences LLC, Drexel Chemical Company, DuPont de Nemours, Inc., Eastman Chemical Company, ELS Products Corp, EuroChem Group, FMC Corporation, Gowan Group, Helena Agri-Enterprises, LLC, Hockley International Limited, Ichiban Crop Science Limited, Indo Japan Crop Science, Intrepid Potash, Inc., Israel Chemicals Limited, Kenergy, LLC, Lake Restoration, Inc., LANXESS Deutschland GmbH, Lewis Industrial Supply, Living Water Aeration, Mitsui Chemicals Agro, Inc., Nihon Nohyaku Co., Ltd., Nissan Chemical Corporation, Nufarm Ltd., PBI-Gordon Corporation, Penta 5usa, LLC, Pro-line Industrial Products, R.S. Hughes Co., Inc., SFM Chemicals GmbH, Simonis B.V., SQM SA, Sumitomo Chemical Co., Ltd., Syngenta AG, The Andersons, Inc., The Chemical Company, The Mosaic Company, Timberline Chemical, Inc., UPL Limited, and Yara International ASA.
Market Segmentation & Coverage
This research report categorizes the Agrochemicals Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Crop Type
- Cereals & Grains
- Fruits & Vegetables
- Non-crop Based
- Oilseeds & Pulses
- Type
- Fertilizers
- Nitrogen Fertilizer
- Phosphatic Fertilizer
- Potassic Fertlizer
- Pesticides
- Fungicides
- Herbicides
- Insecticides
- Fertilizers
- Nature
- Inorganic
- Organic
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Agrochemicals Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Agrochemicals Market?
- What are the technology trends and regulatory frameworks in the Agrochemicals Market?
- What is the market share of the leading vendors in the Agrochemicals Market?
- Which modes and strategic moves are suitable for entering the Agrochemicals Market?
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