Share
Agrochemicals Market: By Product (Fertilizers, Crop Protection Chemicals, Plant Growth Regulators, Others), By Fertilizer Type (Nitrogen Fertilizer, Phosphatic Fertilizer, Potassic Fertilizer), By Pesticide Type (Herbicides, Insecticides, Others), By Application (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
Agrochemicals are herbicides, pesticides, or fertilizers that are used for managing ecosystems in agricultural domains. Chemicals used in farming like insecticides, synthetic fertilizers, and herbicides. The majority are chemical mixes made up of two or more than two chemicals; the active ingredients produce the intended effects, while the inert ingredients stabilize, preserve, or facilitate the administration of the active ingredients. A major component of modern agriculture is the use of agrochemicals. The difficulties in maintaining a crop free of harm have grown as farms have become larger. Agrochemicals are therefore frequently used today to boost production. In order to increase the output of agricultural crops, the use of agrochemicals is essential.
Get More Information - Download Free Sample
Agrochemicals Market to surpass USD 320.7 billion by 2032 from USD 226.1 billion in 2021 at a CAGR of 3.2% in the coming years, i.e., 2022-32. The growth of the Agrochemicals Market is attributed to the rising demand for crop protection and fertilizers in the global agricultural sector. Another important element fueling the need for agrochemicals is the growing use of chemical fertilizers by farmers to feed their crops nutrients and increase their yield.
Agrochemicals Market is categorized on the basis of Product into Fertilizers, Crop Protection Chemicals, Plant Growth Regulators, and Others. The Fertilizers segment dominated the agrochemicals market in terms of revenue share in 2020 since fertilizers are frequently used to increase crop output quickly. The Crop Protection Chemicals segment is anticipated to grow at a faster rate in the coming years. Crop protection chemicals include, insecticides, fungicides, herbicides, and other pesticides like bactericides and rodenticides. Herbicides are widely employed as insecticides in the agricultural sector.
Agrochemicals Market is categorized on the basis of Application into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others. The Cereals & Grains segment held a major portion of revenue and it is expected to continue to dominate the market during the forecast period as well. The most extensively consumed crops, particularly in Asian nations, are cereals and grains. Also, a sizable amount of the agricultural area in the world is covered by this sector. To produce cereals and grains, fertilizers are essentially always used.
Get More Information - Download Free Sample
The primary factors propelling the global Agrochemicals Market are the rising population and corresponding growing food consumption, lack of arable land, soil degradation, and increasing consumer awareness of the benefits of agrochemicals. Agrochemicals harm the ecology and contaminate surface waters when applied in higher doses. The production of bio-based fertilizers and pesticides has consequently opened up a wide variety of chances for the major market participants, which eventually has an impact on the Agrochemicals Market.
Farming practices have changed due to the agriculture industry's continual technological advancements. The demand for goods with novel active ingredients to protect crops has increased due to the rising export and import of agricultural products across various geographies, mainly in developing nations. The Asian crop protection markets are significantly impacted by the globalization of the agrochemical industry. The need for different agrochemicals, including herbicides and pesticides, is growing due to highest population growth in the world, economic growth, and rising food demand. These factors are ultimately driving the Agrochemicals Market.
The organic food industry has quickly grown in emerging nations as a result of a greater understanding of the rules governing animal welfare, health and food safety, and environmental preservation. Organic food is becoming more widely available. The need for wholesome and secure food products and rising per capita income are expected to stimulate the organic food industry and increasing the use of biofertilizers will alter the chemical fertilizer's composition. Therefore, throughout the projected period, the growth of the global Agrochemicals Market would be constrained by the rising organic fertilizer industry.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Agrochemicals Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. In 2020, a major regional market share was held by Asia Pacific. The region is a major producer of agricultural products. The top regional market contributors include Japan, China, and India. The Asia Pacific region's larger share is attributed to the presence of significant countries that produce multiple crops.
North America is expected to grow faster over the projected period. The region's total amount of agricultural land is decreasing owing to rapid urbanization, expanding population, and industrialization. Hence, farmers use agrochemicals to increase output and quality.
Get More Information - Download Free Sample
The demand for agrochemicals in 2020 had been impacted by the coronavirus's detrimental impacts, which were already visible on a global scale. Owing to the disruptions in the supply chain for different agrochemical products, the COVID-19 pandemic had little effect on the Agrochemicals Market. The Agrochemical Market soon resumed its previous level of activity due to the increased production of food grains in both developing and developed economies.
REPORT ATTRIBUTE |
DETAILS |
|
Market Size Value in 2021 |
USD 226.1 billion |
|
Revenue Forecast in 2032 |
USD 320.7 billion |
|
Growth Rate |
CAGR of 3.2% from 2022 to 2032 |
|
Base Year for Estimation |
2021 |
|
Quantitative Units |
Revenue in USD billion and CAGR from 2022 to 2032 |
|
Report Coverage |
Revenue forecast, company ranking, competitive landscape, growth factor, and trends |
|
Segments Covered |
Product, Fertilizer Type, Pesticide Type, Application, and Region |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Afica (MEA) |
|
Key Companies Profiled |
Bayer AG, The DOW Chemical Company, Evonik Industries AG, Solvay, Clariant AG, Arysta Lifesciences Corporation, UPL Ltd., Huntsman International LLC, Croda International Plc, Ashland Inc., PI Industries Ltd., Dhanuka Agritech Ltd., Excel Crop Care Ltd., Meghmani Organics Ltd (Meghmani), Insecticides India Ltd., and Other Prominent Players. |
The Agrochemicals Market size was estimated at USD 226.1 billion in 2021 and is expected to reach USD 320.7 billion in 2032.
Agrochemicals are herbicides, pesticides, or fertilizers that are used for managing ecosystems in agricultural domains. Chemicals used in farming like insecticides, synthetic fertilizers, and herbicides.
The Crop Protection Chemicals and Cereals & Grains segments accounted for the larger share of the Agrochemicals Market.
Key players in the Agrochemicals Market are Bayer AG, The DOW Chemical Company, Evonik Industries AG, Solvay, Clariant AG, Arysta Lifesciences Corporation, UPL Ltd., Huntsman International LLC, Croda International Plc, Ashland Inc., PI Industries Ltd., Dhanuka Agritech Ltd., Excel Crop Care Ltd., Meghmani Organics Ltd (Meghmani), Insecticides India Ltd., and Other Prominent Players.
The growth of the Agrochemicals Market is attributed to the rising demand for crop protection and fertilizers in the global agricultural sector and the growing use of chemical fertilizers by farmers to feed their crops nutrients and increase their yield.
Select License Type
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT
Working with Fatpos Global, allowed us to take advantage of their knowledge and easy approach, allowing us to collect important data utilizing a variety of techniques. The results were clearly presented and explained, and FG responded to our questions with speed and expertise.
|
Swiss-based global building materials manufacturer |
The analyses and presentations Fatpos Global have produced for us have been of a very high caliber and have allowed us to proactively improve our customer relationship management. They have also done so while maintaining complete anonymity. Without any doubt, we suggest Fatpos Global to you.
|
|
Tech-powered construction company |
We appreciate the team’s punctuality, flexibility in terms of report modification, post report purchase support and pleasant reaction all around. Overall, my experience with this company was nothing but positive, and I couldn't be more grateful for their excellent service. Thank you for all that you do!
|
|
American global management consulting firm |
We are able to concentrate on the topics and implications that are most important to our clients thanks to the adaptability and responsiveness of the team at Fatpos Global. We would highly recommend this company to anyone in need of their services, and I will certainly be using them again in the future.
|
|
Headquartered in Zug, Switzerland, leading supplier of medical and surgical instrument |
To better study our client demographics, develop the ideal product-price architecture, and enhance our target marketing initiatives, we hired Fatpos Global. Every component of the project was completed, and we are very happy with the useful insights and actionable results.
|
|
Kosovan company, A leading organic fertilizers producer |
Thank you for your team's generous assistance, The final report was delivered to me, and I find it to be really helpful. Also, you may be sure that I will get in touch with you if I ever require fresh materials for market research. Gratitude once more.
|
|
German specialty chemicals company based in Cologne, Germany |
