Agrochemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Agrochemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • December 2021 •
  • 143 pages •
  • Report ID: 6197561 •
  • Format: PDF
The global agrochemicals market exhibited moderate growth during 2015-2020.

Looking forward, the analyst expects the market to grow at a CAGR of 4.5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Agrochemicals are specialized chemicals and compounds used for protecting and improving the quality of farm products. They are used in agricultural fields and commercial plantation units for protecting the produce from pests, weeds and fungi and enhancing the overall yield. Some of the commonly used agrochemicals include nitrogen, phosphatic and potassic fertilizers, insecticides, herbicides, fungicides, rodenticides, molluscicides, nematicides and pesticides. They are added to soil to mitigate nutrient deficiencies and prevent diseases in the plants. Agrochemicals are usually water-insoluble and sprayed with surfactants or solvents to improve the application performance and bio-efficacy of the product. They are widely applied on the crops of cereals, grains, oilseeds, pulses, fruits and vegetables.

Agrochemicals Market Trends:
Significant growth in the agriculture industry across the globe is one of the key factors creating a positive outlook for the market. Due to the rising concerns regarding agricultural sustainability, soil health and environmental safety, agrochemicals are rapidly being used along with organic manure to improve soil fertility and plant health. Moreover, the escalating demand for exotic fruits, vegetables and flowers that require highly controlled environments and specific nutritional content in the soil is resulting in the increasing adoption of agrochemicals. Various product innovations, such as the development of sustainable bio-based agrochemicals, are acting as other growth-inducing factors. In comparison to the traditionally used synthetic chemicals, these variants are environment-friendly, more efficient and cost-effective. In line with this, the increasing preference for natural food products among the masses, is also contributing to the rising demand for agrochemicals. Other factors, including rising expenditure capacities of the consumers, along with the implementation of favorable government policies, are anticipated to drive the market toward growth.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global agrochemicals market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on fertilizer type, pesticide type and crop type.

Breakup by Fertilizer Type:
Nitrogen Fertilizer
Phosphatic Fertilizer
Potassic Fertilizer
Others

Breakup by Pesticide Type:
Fungicides
Herbicides
Insecticides
Others

Breakup by Crop Type:
Cereals and Grains
Oilseeds and Pulses
Fruits and Vegetables
Others

Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Bayer AG, Corteva Inc., Dow Inc., FMC Corporation, Nufarm Ltd, Nutrien Ltd, Syngenta Group, The Archer-Daniels-Midland Company and Yara International ASA. Key Questions Answered in This Report:
How has the global agrochemicals market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global agrochemicals market?
What are the key regional markets?
What is the breakup of the market based on the fertilizer type?
What is the breakup of the market based on the pesticide type?
What is the breakup of the market based on the crop type?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global agrochemicals market and who are the key players?
What is the degree of competition in the industry?