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Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of anima.....
Agrochemicals Market: By Type, By Fertilizer Type, By Crop Application and Geography.
Agrochemicals Market: By Type, By Fertilizer Type, By Crop Application and Geography.
Agrochemicals Market size was valued at US$ 210 Billion in 2022 and is projected to reach US$ 261.80 billion by 2029 at a CAGR of 3.2% from 2023 to 2029. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, the market report includes a regulatory scenario and competition analysis with a vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Contracting arable land because of quick industrialization and population explosion has brought about expanded utilization of agrochemicals like fertilizers and plant growth regulators further setting off the market development. The developing interest in crops as creature feed and fiber in the material business has additionally given a fundamental lift to the agrochemical business. The major market participants are adopting the strategies such as mergers and acquisitions to position themselves as strong player. Key stakeholders of the report include suppliers, manufacturers, marketers, and policymakers engaged in manufacturing and supply of the global market.
In June 2017, Dow AgroSciences launched Inatreq, a fungicide used in cereals for long-term control of key diseases.
Study Period
2024-2030Base Year
2023CAGR
3.2%Largest Market
North AmericaFastest Growing Market
Europe
Agrochemicals enhances the crop productivity and protect the crops from insects, pests, fungi, weeds, and others. Agrochemicals can be prepared by either chemical or biological methods. Increase in the demand for food production due to rise in population, rise in prevalence of various crop diseases, growing R&D for the innovation of newer agrochemicals, and government initiations to enhance the crop yield are expected to fuel the agrochemicals market over the forecast period. Moreover, technological advancements in the synthesis of agrochemicals, change in farming practices, and rise in R&D investments are also anticipated to drive the agrochemicals market. However, stringent regulatory guidelines for product approval, adverse effects associated with agrochemicals, and high cost of products may restrain the growth of agrochemicals market
North America agrochemicals market driven by rise in R&D for the innovation of newer products, acquisitions and collaborations among the companies, and high awareness about agrochemicals in the region. Europe agrochemicals market is exhibiting significant growth, which is attributed to shifit in focus on production of quality food products, adoption of modern agrochemicals, and presence of huge number of companies for agrochemicals manufacturing in the region. Asia Pacific agrochemicals market has a lucrative share owing to increase in the demand for agriculture production and decrease in arable land, rise in trading of agriculture products from China, and increase in prevalence of crop diseases due to environmental fluctuations are boost the market in the region. Latin America agrochemicals market is poised at significant rate due to increase in the agriculture farming in Brazil and Mexico, entry of companies into Latin America region, and rise in awareness about agrochemicals among farmers are propel the market. Middle East and Africa agrochemicals market growth is driven by adoption of newer products and economic growth.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2029 |
US$ 261.80 billion |
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Market CAGR |
3.2% |
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By Type |
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By Fertilizer Type |
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By Crop Application |
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The agrochemicals market is projected to expand at a CAGR of 3.2% during the forecast period.
Agrium INC, BASF SE, Bayer AG, Dow Agrosciences LLC, E. I. Du Pont Nemours And Company
Asia-Pacific is the fastest-growing region for agrochemicals market
| 1. Executive Summary |
| 2. Agrochemicals Market Introduction |
| 2.1. Agrochemicals Market Taxonomy |
| 2.2. Agrochemicals Market Definitions |
| 2.2.1. By Type |
| 2.2.2. By Fertilizer Type |
| 2.2.3. By Crop Application |
| 2.2.4. By Region |
| 3. Agrochemicals Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Agrochemicals Market Dynamic Factors - Impact Analysis |
| 3.6. Agrochemicals Market Competition Landscape |
| 3.7. Agrochemicals Market Supply Chain Analysis |
| 3.8. Agrochemicals Market - Supply and Demand Analysis By Region |
| 3.9. Agrochemicals Market Production and Consumption Analysis By Region |
| 4. Agrochemicals Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Agrochemicals Market, By Pesticide Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) (Volume, in Tonnes) |
| 5.1. Herbicides |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Insecticides |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Fungicides |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Agrochemicals Market, By Fertilizer Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 6.1. Nitrogenous |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Phosphatic |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Potassic |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Agrochemicals Market, By Crop Application, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) (Volume, in Tonnes) |
| 7.1. Cereals & Grains |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Oil Seeds |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Fruits & Vegetables |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8. Agrochemicals Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) (Volume, in Tonnes) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Latin America |
| 8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Europe |
| 8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Asia-Pacific |
| 8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Agrochemicals Market - Opportunity Analysis Index, By Pesticide Type, By Fertilizer, By Crop Application, and Region, 2023 - 2029 |
| 9. North America Agrochemicals Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) (Volume, in Tonnes) |
| 9.1. Pesticide Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Herbicides |
| 9.1.2. Insecticides |
| 9.1.3. Fungicides |
| 9.2. By Fertilizer Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Nitrogenous |
| 9.2.2. Phosphatic |
| 9.2.3. Potassic |
| 9.2.4. Sulfur |
| 9.2.5. Others |
| 9.3. By Crop Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1. Cereals & Grains |
| 9.3.2. Oilseeds |
| 9.3.3. Fruits & Vegetables |
| 9.4. By Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1. United States |
| 9.4.2. Canada |
| 9.5. North America Agrochemicals Market - Opportunity Analysis Index, By Pesticide Type, By Fertilizer, By Crop Application, and Country 2023 - 2029 |
| 9.6. North America Agrochemicals Market Dynamics Trends |
| 10. Europe Agrochemicals Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) (Volume, in Tonnes) |
| 10.1. Pesticide Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Herbicides |
| 10.1.2. Insecticides |
| 10.1.3. Fungicides |
| 10.2. By Fertilizer Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Nitrogenous |
| 10.2.2. Phosphatic |
| 10.2.3. Potassic |
| 10.2.4. Sulfur |
| 10.2.5. Others |
| 10.3. By Crop Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1. Cereals & Grains |
| 10.3.2. Oilseeds |
| 10.3.3. Fruits & Vegetables |
| 10.4. By Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. United Kingdom |
| 10.4.3. Spain |
| 10.4.4. Italy |
| 10.4.5. France |
| 10.4.6. Russia |
| 10.4.7. Norway |
| 10.4.8. Rest of Europe |
| 10.5. Europe Agrochemicals Market - Opportunity Analysis Index, By Pesticide Type, By Fertilizer, By Crop Application, By Country, 2023 - 2029 |
| 10.6. Europe Agrochemicals Market Dynamics Trends |
| 11. Asia-Pacific Agrochemicals Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 11.1. Pesticide Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Herbicides |
| 11.1.2. Insecticides |
| 11.1.3. Fungicides |
| 11.2. By Fertilizer Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Nitrogenous |
| 11.2.2. Phosphatic |
| 11.2.3. Potassic |
| 11.2.4. Sulfur |
| 11.2.5. Others |
| 11.3. By Crop Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1. Cereals & Grains |
| 11.3.2. Oilseeds |
| 11.3.3. Fruits & Vegetables |
| 11.4. By Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1. China |
| 11.4.2. India |
| 11.4.3. Japan |
| 11.4.4. South Korea |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Agrochemicals Market - Opportunity Analysis Index, By Pesticide Type, By Fertilizer, By Crop Application and By Country 2023 - 2029 |
| 11.6. Asia-Pacific Agrochemicals Market Dynamics Trends |
| 12. Latin America Agrochemicals Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 12.1. Pesticide Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Herbicides |
| 12.1.2. Insecticides |
| 12.1.3. Fungicides |
| 12.2. By Fertilizer Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Nitrogenous |
| 12.2.2. Phosphatic |
| 12.2.3. Potassic |
| 12.2.4. Sulfur |
| 12.2.5. Others |
| 12.3. By Crop Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1. Cereals & Grains |
| 12.3.2. Oilseeds |
| 12.3.3. Fruits & Vegetables |
| 12.4. By Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Agrochemicals Market - Opportunity Analysis Index, By Pesticide Type, By Fertilizer, By Crop Application, and By Country 2023 - 2029 |
| 12.6. Latin America Agrochemicals Market Dynamics Trends |
| 13. Middle East and Africa Agrochemicals Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 13.1. Pesticide Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Herbicides |
| 13.1.2. Insecticides |
| 13.1.3. Fungicides |
| 13.2. By Fertilizer Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. Nitrogenous |
| 13.2.2. Phosphatic |
| 13.2.3. Potassic |
| 13.2.4. Sulfur |
| 13.2.5. Others |
| 13.3. By Crop Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1. Cereals & Grains |
| 13.3.2. Oilseeds |
| 13.3.3. Fruits & Vegetables |
| 13.4. By Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1. Middle East |
| 13.4.2. South Africa |
| 13.4.3. Israel |
| 13.4.4. Argentina |
| 13.4.5. Rest of Latin America |
| 13.5. Latin America Agrochemicals Market - Opportunity Analysis Index, By Pesticide Type, By Fertilizer, By Crop Application, and By Country 2023 - 2029 |
| 13.6. Latin America Agrochemicals Market Dynamics Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Agrium INC |
| 14.2.2. BASF SE |
| 14.2.3. Bayer AG |
| 14.2.4. Dow Agrosciences LLC |
| 14.2.5. E. I. Du Pont Nemours And Company |
| 14.2.6. Monsanto Company |
| 14.2.7. Sumitomo Chemical Co |
| 14.2.8. Syngenta AG |
| 14.2.9. Yara International |
| 14.2.10. Compass Minerals |
| 14.2.11. The Mosaic Co |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
Key Market Players
Author
Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of animal health and agriculture. His passion lies in unraveling the complexities of these domains through rigorous research and practical insights. Manoj Kumar’s journey has been marked by several key achievements: as a market analyst and competitive intelligence expert, he dissects data to provide actionable insights for global clients. Simultaneously, he champions animal healthcare, diagnosing ailments, and designing preventive care strategies. In the realm of agriculture, his focus on sustainable practices, emphasizing crop nutrition, soil health, and precision agriculture. His holistic approach and commitment to advancing science make him a respected figure in the ever-evolving landscape of life sciences.