The global agrochemicals market is growing at a considerable CAGR of 3.2% during the forecast period. Rising demand in food production is one of the prime factors affecting and driving the market. Additionally, increasing application in the protection of crops against fungi, insects, and weeds among others is also estimated to be the key factors that are contributing significantly towards the growth of the market. However, effects on the natural fertility of the soil and emerging demand for organic fertilizers along with pesticides are major factors constraints that are hindering the growth of the global agrochemicals market across the globe.
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Moreover, the growing adoption of agrochemicals in various applications is also demanded as one of the key factors that are creating opportunities for the market. New product launches in the market are likely to drive the growth of the global agrochemicals market. For instance, in May 2020, BASF SE had come up with Melyra fungicide for its customers in China. This fungicide provides strong performance against diseases along with following and maintaining all the regular standards for its product.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Agrochemicals Market by Product Type
- Fertilizers
- Pesticides
GlobalAgrochemicals Market by Crop Type
- Fruits & Vegetables
- Oilseeds & Pulses
- Cereals & Grains
- Other
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- AMVAC Chemical Corp.
- BASF SE
- Bayer AG
- BUNGE, LTD.
- Conquest Crop Protection
- Coromandal Agrico.
- Dow Chemical Co.
- Drexel Chemical Co.
- Eden Research plc,
- Gowan Co.
- IFFCO-MC Crop Science Pvt. Ltd.
- ISHIHARA SANGYO KAISHA, LTD.
- K+S Aktiengesellschaft
- NATIONAL FERTILIZERS LTD.
- NIPPON SODA CO., LTD.
- Nissan Chemical Corp.
- Nutrien Ag Solutions, Inc.
- Qatar Petroleum
- ROTAM
- Sumitomo Chemical Co., Ltd.
- The Mosaic Co.
- UPL
- Yara
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global agrochemicals market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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