by The global agrochemicals market size was valued at USD 220.5 billion in 2020, and is predicted to be worth around USD 280.2 billion by 2030, registering a CAGR of 2.9% during the forecast period 2022 to 2030.
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Table of Contents
Agrochemicals Market Growth Factors
The global market is predominantly driven by the increasing demand for crop protection products in the agricultural field across the globe. Approximately 25% of the world crop output is lost every year due to diseases and attacks by pests & weeds. Hence, agrochemicals play a vital role in enhancing crop yield and production. Growing food demand, increasing adoption of precision farming methods, shrinking arable land due to increasing population, and rapid urbanization & industrialization across the globe are some also among the key factors driving the market.
The market growth is dependent on pest attacks, crop yields, and agriculturists’ awareness levels & capacity to buy products depending on their availability of credit. Increasing demand for insecticides across the globe is also a major factor driving the market growth. The agrochemicals production has been impacted to some extent owing to the COVID-19 pandemic. Before the pandemic, some countries were dependent on China for raw material supply. Restrictions imposed on transportations and imports across borders in various nations have resulted in the shortage of raw materials.
Agrochemicals Market Report Coverage
| Report Scope | Details |
| Market Size | US$ 280.2 billion by 2030 |
| Growth Rate | CAGR of 2.9% From 2022 to 2030 |
| Largest Market | North America |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Product, Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | CVS/Coram; Option Care Health; BriovaRx/Diplomat (UnitedHealth Optum); PharMerica; Fresenius Kabi; ICU Medical, Inc.; B. Braun Melsungen AG; Baxter; BD; Caesarea Medical Electronics; Smiths Medical; Terumo Corporation; JMS Co. Ltd. |
By Product Analysis
The fertilizer segment led the market and accounted for 66.9% of the global revenue share in 2020. Fertilizers are being widely used to increase crop yield in a short period. The growing crop/food demand across the globe is increasing the pressure on the agricultural land, thus, farmers are utilizing more fertilizers to increase the productivity and yield of different crops.
Nitrogenous fertilizers are readily available and help in fast plant growth & enhance yields. However, increasing usage of nitrogenous fertilizers has bad effects on the surrounding environment including water bodies. The crop protection chemicals segment is expected to grow at a considerable CAGR over the forecast period, in terms of revenue.
Crop protection chemicals include insecticides, fungicides, herbicides, and other products, such as rodenticides, bactericides, etc. Herbicide is expected to dominate the crop protection chemical segment.
This growth can be attributed to the increasing demand for the product for various crops, such as cotton, paddy (rice crop), and fruits & vegetables among others. They are found effective in preventing early germination pest attacks in various crops. Insecticides are the second-largest application segment for agrochemicals.
By Application Analysis
The cereal & grains segment dominated the market with a revenue share of 47.2% in 2020. Cereal & grains are the largest consumed class of crops, mostly in Asia Pacific. Moreover, cereals and grains cover a vast area of cultivation in the world.
Soil nutrient deficiency can result in less bioavailable nutrients in crops, such as wheat and rice, and can cause decreased yields. The fruits & vegetable segment is expected to grow at the fastest CAGR over the forecast period.
By Regional Analysis
Asia Pacific was the leading regional market with a revenue share of 27.2% in 2020. The region is the major producer of agricultural products in the world. Countries, such as India, China, and Japan, are the key contributors to the regional market.
The region is expected to account for 53% of the global output of agricultural products and fish by 2030. The population in the region is growing at a CAGR of 0.6% and is expected to add 322 million people to the current 4.3 billion population by 2030.
The U.S. ranks first in the production of some of the crops, such as maize, sorghum, blueberry, and almonds. According to the FAO, the U.S. is one of the major producers, consumers, and exporters of agrochemicals.
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Major Key Players Covered in The Agrochemicals Market Report include
- Clariant AG
- BASF SE
- Huntsman International LLC
- Bayer AG
- The DOW Chemical Company
- Solvay
- Nufarm
- Evonik Industries AG
- Croda International Plc
- Helena Agri-Enterprises, LLC
- Ashland, Inc.
- Land O’ Lakes, Inc.
- FMC Corp.
- ADAMA Ltd.
- Stepan Company
Agrochemicals Market Segmentation
- By Product
- Fertilizer
- Nitrogenous
- Phosphatic
- Potassic
- Secondary Fertilizers (Calcium, Magnesium, and Sulfur Fertilizers)
- Others
- Crop Protection Chemicals
- Herbicides
- Insecticides
- Fungicides
- Others
- Plant Growth Regulators
- Others
- Fertilizer
- By Application
- Cereal & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
- Regional
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Asia Pacific
- China
- Japan
- India
- Australia
- Central & South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- North America
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Agrochemicals Market, By Product
7.1. Agrochemicals Market, by Product, 2021-2030
7.1.1. Fertilizer
7.1.1.1. Market Revenue and Forecast (2019-2030)
7.1.2. Crop Protection Chemicals
7.1.2.1. Market Revenue and Forecast (2019-2030)
7.1.3. Plant Growth Regulators
7.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 8. Global Agrochemicals Market, By Application
8.1. Agrochemicals Market, by Application, 2021-2030
8.1.1. Cereal & Grains
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Oilseeds & Pulses
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Fruits & Vegetables
8.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Agrochemicals Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2019-2030)
9.1.2. Market Revenue and Forecast, by Application (2019-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.1.3.2. Market Revenue and Forecast, by Application (2019-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.1.4.2. Market Revenue and Forecast, by Application (2019-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2019-2030)
9.2.2. Market Revenue and Forecast, by Application (2019-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.2.3.2. Market Revenue and Forecast, by Application (2019-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.2.4.2. Market Revenue and Forecast, by Application (2019-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2019-2030)
9.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2019-2030)
9.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.3.2. Market Revenue and Forecast, by Application (2019-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.3.3.2. Market Revenue and Forecast, by Application (2019-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.3.4.2. Market Revenue and Forecast, by Application (2019-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2019-2030)
9.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2019-2030)
9.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.4.2. Market Revenue and Forecast, by Application (2019-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.4.3.2. Market Revenue and Forecast, by Application (2019-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.4.4.2. Market Revenue and Forecast, by Application (2019-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2019-2030)
9.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2019-2030)
9.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2019-2030)
9.5.2. Market Revenue and Forecast, by Application (2019-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.5.3.2. Market Revenue and Forecast, by Application (2019-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.5.4.2. Market Revenue and Forecast, by Application (2019-2030)
Chapter 10. Company Profiles
10.1. Clariant AG
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. BASF SE
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Huntsman International LLC
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Bayer AG
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. The DOW Chemical Company
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Solvay
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Nufarm
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Evonik Industries AG
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Croda International Plc
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Helena Agri-Enterprises, LLC
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
Glossary of Terms
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