Agrochemicals Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis and Forecast 2022 to 2028

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Agrochemicals Market: By Type (Herbicides, Insecticides, Fungicides), By Fertilizer Type (Nitrogenous, Phosphatic, Potassic, Sulfur, Others), By Crop Application (Cereals & Grains, Oilseeds, Fruits & Vegetables) and Geography

 

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Report

Description

Agrochemicals Market size was valued at USD 210 Billion in 2021 and is projected to reach USD 261.80 billion by 2028 at a CAGR of 3.2% during the forecast period 2022 to 2028. 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 regulatory scenario and competition analysis with vividly illustrated the 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 for crops as creature feed and fiber in the material business has additionally given the fundamental lift to the agrochemical business.The major market participants are adopting the strategies such as mergers and acquisitions to position themselves as a strong player. Key stakeholders of the report include suppliers, manufacturers, marketers, policymakers engaged in manufacturing and supply of global market. In June 2017, Dow AgroSciences launched Inatreq, a fungicide used in cereals for long-term control of key diseases

Agrochemicals Market

MARKET SUMMARY
-
3.2% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 3.2%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Agrochemicals Market Analysis

  • Agrochemicals Market report gives a comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA).
  • The report on global market gives historical, current, and future market sizes (US$ Mn) of product type (Fertilizers, Pesticides, Others), Technology (Synthetic, Biological), Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Forage Crops and Pastures, Others), Formulation (Powder, Granular, Liquid), Application (Seed Treatment, Soil Treatment, Post-Harvest, Foliar Spray), and geographic regions.
Market Leaders
  • Monsanto Company (U.S.)
  • BASF SE (Germany)
  • The Dow Chemical Company (U.S.)
  • Bayer CropScience AG (Germany)
  • E.I. DuPont De Nemours & Company (U.S.)
  • Syngenta AG (Switzerland)
  • Koppert B.V. (Netherlands)
Agrochemicals Market

Drivers and Restraints

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 Got Significant Share

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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015-2020) and forecast (2021-2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Agrochemicals Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

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


Report

Table Of Content

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, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Agrochemicals Market, By Pesticide Type, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn ) (Volume, in Tonnes)
5.1. Herbicides
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
6.1. Nitrogenous
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn ) (Volume, in Tonnes)
7.1. Cereals & Grains
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn ) (Volume, in Tonnes)
8.1. North America
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2022 – 2028
9. North America Agrochemicals Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn ) (Volume, in Tonnes)
9.1. Pesticide Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2022 – 2028
9.6. North America Agrochemicals Market Dynamics – Trends
10. Europe Agrochemicals Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn ) (Volume, in Tonnes)
10.1. Pesticide Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
10.6. Europe Agrochemicals Market Dynamics – Trends
11. Asia-Pacific Agrochemicals Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
11.1. Pesticide Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2022 – 2028
11.6. Asia-Pacific Agrochemicals Market Dynamics – Trends
12. Latin America Agrochemicals Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
12.1. Pesticide Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2022 – 2028
12.6. Latin America Agrochemicals Market Dynamics – Trends
13. Middle East and Africa Agrochemicals Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
13.1. Pesticide Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2022 – 2028
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

Report

Company Profile

  • Agrium INC
  • BASF SE
  • Bayer AG
  • Dow Agrosciences LLC
  • E. I. Du Pont Nemours And Company
  • Monsanto Company
  • Sumitomo Chemical Co
  • Syngenta AG
  • Yara International
  • Compass Minerals
  • The Mosaic Co

Description

Agrochemicals Market size was valued at USD 210 Billion in 2021 and is projected to reach USD 261.80 billion by 2028 at a CAGR of 3.2% during the forecast period 2022 to 2028. 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 regulatory scenario and competition analysis with vividly illustrated the 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 for crops as creature feed and fiber in the material business has additionally given the fundamental lift to the agrochemical business.The major market participants are adopting the strategies such as mergers and acquisitions to position themselves as a strong player. Key stakeholders of the report include suppliers, manufacturers, marketers, policymakers engaged in manufacturing and supply of global market. In June 2017, Dow AgroSciences launched Inatreq, a fungicide used in cereals for long-term control of key diseases

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