Agrochemical use in emerging nations like India, Egypt, and others would increase the market throughout the forecast period. Farming methods have changed due to agricultural technological advancements. Due to growing export and import of agricultural goods, especially in emerging countries like Asia, new dangerous organisms have evolved, increasing need for innovative active component solutions to safeguard crops. Consumption patterns are changing due to increased population and income. Production must rise to fulfill demand and suit the nutritional demands of an increasingly wealthy population. Food and nutritional security is threatened by shrinking arable land and pest-induced crop loss. The agrochemical market supports agriculture and increases output. Agrochemicals sales are rising due to these causes.
The global Agrochemicals market is estimated to surpass US$ 103,383.4 Mn by the end of 2027 in terms of revenue, exhibiting a CAGR of 6.2% during the forecast period (2021 to 2027).
Top Companies in the Agrochemicals Industry:
1. ADAMA Ltd
ADAMA Ltd founded in 1945 and its headquarter in Israel. The company operates in 100 countries. In 2020 ADAMA delivers innovative, market leading and sustainable crop protection solutions to help simplify and solve farmers
2. Arysta Life Science
Arysta Life Science founded in 2001, and it’s located in Tokyo,Japan,. The company operates in 60 countries.
3. Bayer AG,
Bayer AG, was launch in 1863 and it’s headquarter located in Leverkusen, Germany.it operate over 83 country .
4 Isagro Spa,
Isagro Spa,, was launch in 1992 and it’s headquarter located in Italy.it operate over 70 country .
5. K+S Aktiengesellschaft
K+S Aktiengesellschaft founded in 1889, with its headquarters in Kassel, Germany.With businesses in over 44 countries. In 2022, K+S signed an agreement with Cinis Fertilizer for the synthetic production of SOP. K+S intended to supply Cinis Fertilizer.
6 Nutrien Ltd
Nutrien Ltd ,was launch 2018 and its headquarter Saskatoon, Canada. .it operate over 7 country.
7. OCI Nitrogen,
OCI Nitrogen,founded in 2013, with its headquarters in Amsterdam, Noord-Holland, The Netherlands .With businesses in over 70 countries.
*Definition- Agrochemicals are chemical products that have been specially engineered for use in agriculture to increase crop yield and protect crops from pests, insects, weeds, fungi, and other pests.
