Agrochemicals are used to manage the agriculture ecosystem and increase the crop yield by decreasing the growth of fungi, weeds, and insects that hinder the growth of agricultural produce. Agrochemical refers to pesticides including insecticides, herbicides, fungicides, and nematicides. It includes synthetic fertilizers, liming and acidifying agents, hormones, and soil conditioners. Agrochemicals also include chemical agents, such as antibiotics and hormones, which are used for livestock.
Market Dynamics
Surging global population is boosting the demand for food. On the other hand, urbanization is reducing agricultural land, thus driving the need to increase crop production in limited agricultural land. Moreover, rising awareness regarding the advantages of agrochemicals are expected to propel the adoption of agrochemicals throughout the forecast period.
Factors such as continuous advancements in the technology used in agriculture have led to a shift in farming practices. Furthermore, with the course of time, with the advent of the era of globalization, liberalization, and privatization, the manufacturing and service industries became the forefront of employment for the masses and increasingly brought them into the fold of urbanization for livelihood and consumption. This shift required more land to be diverted from agriculture to other commercial and residential uses, and, as a result, it reduced more area from under the fold of agricultural and other related practices. Thus, this trend has increased the demand for more agrochemicals to produce more food in less land.
However, increasing environmental concerns due to prolonged use of synthetic chemicals, rising health-risks caused by high toxicity of such chemicals, and deteriorating quality of air, water, and soil caused by excessive use of synthetic agrochemicals are impeding the global agrochemicals market.
Conversely, increasing cultivable land area for horticultural crops such as fruits, vegetables, and floriculture plants, rising inclination toward organic farming, and growing use of bio pesticides are creating opportunities in the agrochemicals market. Moreover, increasing R&D activities and cutting-edge innovations in farming technologies and growing awareness among farmers about the appropriate use of agrochemicals are creating lucrative opportunities in the market.
Key features of the study:
- This report provides in-depth analysis of global agrochemicals market, and provides market size (US$ Million and KT) and compound annual growth rate (CAGR %) for the forecast period (2021-2027), considering 2020 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global agrochemicals market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include ADAMA Ltd., Arysta Life Science, Bayer AG, Isagro Spa, K+S Aktiengesellschaft, Nufarm, Nutrien Ltd, OCI Nitrogen, Sociedad Quimica Y Minera De Chile, and The Mosaic Company.
- Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
- The global agrochemicals market report caters to various stakeholders in this industry including investors, suppliers, caffeine manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global agrochemicals market
Detailed Segmentation:
- Global Agrochemicals Market, By Origin:
- Global Agrochemicals Market, By Product Type:
- Insecticides
- Fungicides
- Herbicides
- Others (Rodenticides, etc.)
- Global Agrochemicals Market, By Crop Type:
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others (Ornamental, etc.)
- Global Agrochemicals Market, By Application:
- Foliar Treatment
- Soil Treatment
- Seed Treatment
- Others (Hydroponics, etc.)
- Global Agrochemicals Market, By Region:
- North America
- By Origin:
- By Product Type:
- Insecticides
- Fungicides
- Herbicides
- Others (Rodenticides, etc.)
- By Crop Type:
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others (Ornamental, etc.)
- By Application:
- Foliar Treatment
- Soil Treatment
- Seed Treatment
- Others (Hydroponics, etc.)
- By Country:
- Europe
- By Origin:
- By Product Type:
- Insecticides
- Fungicides
- Herbicides
- Others (Rodenticides, etc.)
- By Crop Type:
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others (Ornamental, etc.)
- By Application:
- Foliar Treatment
- Soil Treatment
- Seed Treatment
- Others (Hydroponics, etc.)
- By Country:
- U.K.
- Italy
- France
- Germany
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Origin:
- By Product Type:
- Insecticides
- Fungicides
- Herbicides
- Others (Rodenticides, etc.)
- By Crop Type:
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others (Ornamental, etc.)
- By Application:
- Foliar Treatment
- Soil Treatment
- Seed Treatment
- Others (Hydroponics, etc.)
- By Country:
- China
- India
- Japan
- ASEAN
- Australia
- Rest of Asia Pacific
- Latin America
- By Origin:
- By Product Type:
- Insecticides
- Fungicides
- Herbicides
- Others (Rodenticides, etc.)
- By Crop Type:
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others (Ornamental, etc.)
- By Application:
- Foliar Treatment
- Soil Treatment
- Seed Treatment
- Others (Hydroponics, etc.)
- By Country:
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East & Africa
- By Origin:
- By Product Type:
- Insecticides
- Fungicides
- Herbicides
- Others (Rodenticides, etc.)
- By Crop Type:
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others (Ornamental, etc.)
- By Application:
- Foliar Treatment
- Soil Treatment
- Seed Treatment
- Others (Hydroponics, etc.)
- By Sub-Region:
- Company Profiles
- ADAMA Ltd.*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Arysta Life Science
- Bayer AG
- Isagro Spa
- K+S Aktiengesellschaft
- Nufarm
- Nutrien Ltd
- OCI Nitrogen
- Sociedad Quimica Y Minera De Chile
- The Mosaic Company
“*” marked represents similar segmentation in other categories in the respective section.
