Chat with us, powered by LiveChat

Loading...

Agrochemicals Market Report

RA00061

Agrochemicals Market, by Type (Fertilizers and Pesticides), Regional Outlook (North America, Europe, Asia-Pacific, and LAMEA), Global Opportunity Analysis and Industry Forecast, 2018-2026

COVID-19

pandemic has shown to have an enormous impact on most
industries.

Click Here to access our comprehensive analysis of the

Impact of covid-19 on Agrochemicals Market

Global Agrochemicals Market Forecast 2026:

The Agrochemicals Market size was over $ 237.8 Billion in 2018 and is anticipated to reach $328.0 billion by 2026, at a CAGR of 4.1%. Asia-Pacific market share in global market is predicted to reach $ 176.8 Billion by 2026. North American market is growing at a CAGR of 3.8% during forecast.

Agrochemicals are the chemical substances which are used in the agricultural farmland to increase the deficiency of nutrient in the field or crop. They also enhance the growth of the crops by killing the harmful insects. Agrochemicals improve the quantity and the quality of the farm products. These are used in all kinds of agricultural fields such as horticulture, dairy farming, livestock, grain farming, shifting cultivation, commercial plantation and many more.

Agrochemicals Market Driving Factors:

Increasing population, coupled with the rise in use of advanced pesticides leads to the growth of agrochemicals industry

The key driver for the growth of the agrochemicals market is the increasing population. As the population increases, the demand for food supplies is also increasing proportionally. With the use of these agrochemicals, the farmers increase the crop production without any failure. With the increased use of fertilizers, the crops will get additional nutrients which help in the improvement of crop yields.

Market Restraints:

Stringent government regulations, coupled with bulk storage issues are some of the major threats affecting the growth of agrochemicals industry

Agrochemicals products are toxic in nature, and if stored in bulk then they cause a significant risk to the environment and the health of the people, due to which the farmer never prefers to purchase them in bulk. Many governments in several countries have imposed harsh and strict rules with regards to the use of agrochemicals, as they cause an adverse impact on the person who handles it and on the environment where it is been used.

Agrochemicals Market, by Type

Fertilizer segment is predicted to be most lucrative till the end of 2026

Agrochemicals Market, by Type

Source Research Dive Analysis

Fertilizers segment is considered to be the most profitable segment and holds the largest market share throughout the forecast period. Agrochemicals market size for fertilizers was valued at $171.4 billion in 2018, and is predicted to grow at a CAGR of 3.5% in the forecast period. Fertilizers are a great source for plant nutrients. They cater the nutrient requirements to the plant. The most important elements which are used in fertilizers are nitrogen fertilizers, potassium fertilizers, and phosphorous fertilizers. These fertilizers are available in different forms like granular, powder and liquid. With the use of these fertilizers, the yield of the crop improved, due to which the farmers prefer them significantly.

Agrochemicals Market, by Region:

Asia-Pacific Agrochemicals Market 2026:

Asia-Pacific region will have enormous opportunities for the market investors to grow over the coming years

Asia-Pacific Agrochemicals Market 2026

Source Research Dive Analysis

Asia-Pacific region accounted for the highest agrochemicals market share in 2018. Major agriculture based countries like China and India have contributed to the dominant market share in this region. Most of the countries in this region are holding the most arable land across the globe, and are also using best farming techniques. Asia-Pacific agrochemicals market size is predicted to grow at a CAGR of 4.1% by generating a revenue of $176.8 billion by 2026.

Key participants in the agrochemicals market

Key players profiled in this report include Bayer AG, Agrium Inc., Dow AgroSciences LLC, BASF, Monsanto Company, E. I. du Pont Nemours and Company, Syngenta AG, Sumitomo Chemical Co, Yara International ASA., and The Mosaic Co., among many others.

Report Scope:

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

  2018

  Forecast timeline for Market Projection

  2019-2026

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by type

  • Fertilizers
  • Pesticides

  Key Countries covered

U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, Saudi Arabia, Latin America, Africa

  Key Companies Profiled

  • Bayer AG
  • Agrium Inc.
  • Dow AgroSciences LLC
  • BASF
  • Monsanto Company
  • E. I. du Pont Nemours and Company
  • Syngenta AG
  • Sumitomo Chemical Company
  • Yara International ASA
  • The Mosaic Co.

Source Research Dive Analysis


FREQUENTLY ASKED QUESTIONS?
 

A. Agrochemicals have a negative impact on soil, water, and on air..There are many harmful effect of agrochemicals.

A. The Agrochemicals Market size was over $237.8 Billion in 2018 and is anticipated to reach $328.0 billion by 2026.

A. Increasing population with the rise in the demand for food supplies is predicted to be the major driving factor for the market in the forecast period.

A. Production of bio-based fertilizers and pesticides have created huge growth opportunities for the major key players in the estimated period.

A. North America region is expected to dominate the agrochemicals market

A. TransMedics and XVIVO Perfusion AB are the major key players in the agrochemicals market

1. Research Methodology

1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters

1.4.1. Assumptions
1.4.2. Forecast parameters

1.5. Data sources

1.5.1. Primary
1.5.2. Secondary

2. Executive Summary

2.1. 360° summary
2.2. Component trends

3. Market overview

3.1. Market segmentation & definitions
3.2. Key takeaways

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. Porter’s five forces analysis

3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market

3.4. Market dynamics

3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities

3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Pricing overview

3.8.1. By type
3.8.2. By region

3.9. Market value chain analysis

3.9.1. Stress point analysis
3.9.2. Raw material analysis
3.9.3. Manufacturing process
3.9.4. Distribution channel analysis
3.9.5. Operating vendors

3.9.5.1. Raw material suppliers
3.9.5.2. Product manufacturers
3.9.5.3. Product distributors

3.10. Strategic overview

4. Agrochemicals market, by Component

4.1. Fertilizers

4.1.1. Market size and forecast, by region, 2017-2028
4.1.2. Comparative market share analysis, 2018 & 2028

4.2. Pesticides

4.2.1. Market size and forecast, by region, 2017-2028
4.2.2. Comparative market share analysis, 2018 & 2028

5. Agrochemicals market, by Region

5.1. North Region

5.1.1. Market size and forecast, by type, 2017-2028
5.1.2. Market size and forecast, by application, 2017-2028
5.1.3. Market size and forecast, by end-use, 2017-2028
5.1.4. Market size and forecast, by country, 2017-2028
5.1.5. Comparative market share analysis, 2018 & 2028

5.1.6. U.S

5.1.6.1. Market size and forecast, by type, 2017-2028
5.1.6.2. Market size and forecast, by application, 2017-2028
5.1.6.3. Market size and forecast, by end-use, 2017-2028
5.1.6.4. Comparative market share analysis, 2018 & 2028

5.1.7. Canada

5.1.7.1. Market size and forecast, by type, 2017-2028
5.1.7.2. Market size and forecast, by application, 2017-2028
5.1.7.3. Market size and forecast, by end-use, 2017-2028
5.1.7.4. Comparative market share analysis, 2018 & 2028

5.2. Europe

5.2.1. Market size and forecast, by type, 2017-2028
5.2.2. Market size and forecast, by application, 2017-2028
5.2.3. Market size and forecast, by end-use, 2017-2028
5.2.4. Market size and forecast, by country, 2017-2028
5.2.5. Comparative market share analysis, 2018 & 2028

5.2.6. Germany

5.2.6.1. Market size and forecast, by type, 2017-2028
5.2.6.2. Market size and forecast, by application, 2017-2028
5.2.6.3. Market size and forecast, by end-use, 2017-2028
5.2.6.4. Comparative market share analysis, 2018 & 2028

5.2.7. France

5.2.7.1. Market size and forecast, by type, 2017-2028
5.2.7.2. Market size and forecast, by application, 2017-2028
5.2.7.3. Market size and forecast, by end-use, 2017-2028
5.2.7.4. Comparative market share analysis, 2018 & 2028

5.2.8. Spain

5.2.8.1. Market size and forecast, by type, 2017-2028
5.2.8.2. Market size and forecast, by application, 2017-2028
5.2.8.3. Market size and forecast, by end-use, 2017-2028
5.2.8.4. Comparative market share analysis, 2018 & 2028

5.2.9. Russia

5.2.9.1. Market size and forecast, by type, 2017-2028
5.2.9.2. Market size and forecast, by application, 2017-2028
5.2.9.3. Market size and forecast, by end-use, 2017-2028
5.2.9.4. Comparative market share analysis, 2018 & 2028

5.2.10. Rest of Europe

5.2.10.1. Market size and forecast, by type, 2017-2028
5.2.10.2. Market size and forecast, by application, 2017-2028
5.2.10.3. Market size and forecast, by end-use, 2017-2028
5.2.10.4. Comparative market share analysis, 2018 & 2028

5.3. Asia-Pacific

5.3.1. Market size and forecast, by type, 2017-2028
5.3.2. Market size and forecast, by application, 2017-2028
5.3.3. Market size and forecast, by end-use, 2017-2028
5.3.4. Market size and forecast, by country, 2017-2028
5.3.5. Comparative market share analysis, 2018 & 2028

5.3.6. China

5.3.6.1. Market size and forecast, by type, 2017-2028
5.3.6.2. Market size and forecast, by application, 2017-2028
5.3.6.3. Market size and forecast, by end-use, 2017-2028
5.3.6.4. Comparative market share analysis, 2018 & 2028

5.3.7. India

5.3.7.1. Market size and forecast, by type, 2017-2028
5.3.7.2. Market size and forecast, by application, 2017-2028
5.3.7.3. Market size and forecast, by end-use, 2017-2028
5.3.7.4. Comparative market share analysis, 2018 & 2028

5.3.8. Japan

5.3.8.1. Market size and forecast, by type, 2017-2028
5.3.8.2. Market size and forecast, by application, 2017-2028
5.3.8.3. Market size and forecast, by end-use, 2017-2028
5.3.8.4. Comparative market share analysis, 2018 & 2028

5.3.9. South Korea

5.3.9.1. Market size and forecast, by type, 2017-2028
5.3.9.2. Market size and forecast, by application, 2017-2028
5.3.9.3. Market size and forecast, by end-use, 2017-2028
5.3.9.4. Comparative market share analysis, 2018 & 2028

5.3.10. Australia

5.3.10.1. Market size and forecast, by type, 2017-2028
5.3.10.2. Market size and forecast, by application, 2017-2028
5.3.10.3. Market size and forecast, by end-use, 2017-2028
5.3.10.4. Comparative market share analysis, 2018 & 2028

5.3.11. Rest of Asia-Pacific

5.3.11.1. Market size and forecast, by type, 2017-2028
5.3.11.2. Market size and forecast, by application, 2017-2028
5.3.11.3. Market size and forecast, by end-use, 2017-2028
5.3.11.4. Comparative market share analysis, 2018 & 2028

5.4. LAMEA

5.4.1. Market size and forecast, by type, 2017-2028
5.4.2. Market size and forecast, by application, 2017-2028
5.4.3. Market size and forecast, by end-use, 2017-2028
5.4.4. Market size and forecast, by country, 2017-2028
5.4.5. Comparative market share analysis, 2018 & 2028

5.4.6. Latin America

5.4.6.1. Market size and forecast, by type, 2017-2028
5.4.6.2. Market size and forecast, by application, 2017-2028
5.4.6.3. Market size and forecast, by end-use, 2017-2028
5.4.6.4. Comparative market share analysis, 2018 & 2028

5.4.7. Saudi Arabia

5.4.7.1. Market size and forecast, by type, 2017-2028
5.4.7.2. Market size and forecast, by application, 2017-2028
5.4.7.3. Market size and forecast, by end-use, 2017-2028
5.4.7.4. Comparative market share analysis, 2018 & 2028

5.4.8. Africa

5.4.8.1. Market size and forecast, by type, 2017-2028
5.4.8.2. Market size and forecast, by application, 2017-2028
5.4.8.3. Market size and forecast, by end-use, 2017-2028
5.4.8.4. Comparative market share analysis, 2018 & 2028

6. Company profiles

6.1. Bayer AG

6.1.1. Business overview
6.1.2. Financial performance
6.1.3. Product portfolio
6.1.4. Recent strategic moves & developments
6.1.5. SWOT analysis

6.2. Agrium Inc.

6.2.1. Business overview
6.2.2. Financial performance
6.2.3. Product portfolio
6.2.4. Recent strategic moves & developments
6.2.5. SWOT analysis

6.3. Dow AgroSciences LLC

6.3.1. Business overview
6.3.2. Financial performance
6.3.3. Product portfolio
6.3.4. Recent strategic moves & developments
6.3.5. SWOT analysis

6.4. BASF

6.4.1. Business overview
6.4.2. Financial performance
6.4.3. Product portfolio
6.4.4. Recent strategic moves & developments
6.4.5. SWOT analysis

6.5. Monsanto Company.

6.5.1. Business overview
6.5.2. Financial performance
6.5.3. Product portfolio
6.5.4. Recent strategic moves & developments
6.5.5. SWOT analysis

6.6. E. I. du Pont Nemours and Company.

6.6.1. Business overview
6.6.2. Financial performance
6.6.3. Product portfolio
6.6.4. Recent strategic moves & developments
6.6.5. SWOT analysis

6.7. Syngenta AG

6.7.1. Business overview
6.7.2. Financial performance
6.7.3. Product portfolio
6.7.4. Recent strategic moves & developments
6.7.5. SWOT analysis

6.8. Sumitomo Chemical Co

6.8.1. Business overview
6.8.2. Financial performance
6.8.3. Product portfolio
6.8.4. Recent strategic moves & developments
6.8.5. SWOT analysis

6.9. Yara International ASA

6.9.1. Business overview
6.9.2. Financial performance
6.9.3. Product portfolio
6.9.4. Recent strategic moves & developments
6.9.5. SWOT analysis

6.10. The Mosaic Co.

6.10.1. Business overview
6.10.2. Financial performance
6.10.3. Product portfolio
6.10.4. Recent strategic moves & developments
6.10.5. SWOT analysis

Agrochemicals are indispensable in modern farming. These chemicals are used to augment crop yield, neutralize the soil, increase plant growth, and protect crops against pests and locusts. There are many kinds of agrochemicals which include insecticides, herbicides, fungicides, and seed treatment chemicals which helps in optimizing their agricultural output.

The increasing world population is the main driver of the agrochemicals market. With the rising population, the demand for food supplies is also increasing. The agrochemicals help the farmers to upsurge the crop production without any challenges. With the application of such agrochemicals, the crops will get added nutrients which will help in the development of crop harvests.

Key Developments of the Market

According to a recent report published by Research Dive, the key players of the global agrochemical market include Syngenta AG, Bayer AG, Dow AgroSciences LLC, Agrium Inc., Monsanto Company, BASF, E. I. du Pont Nemours and Company, Sumitomo Chemical Co, The Mosaic Co., Yara International ASA., and many more.

These market players are converging on research and development of unique strategies which include product launches, mergers and acquisitions, upgradation of existing technology, partnerships and collaborations to withstand the market competition.

Some of the recent developments of the market are as follow:

  • Germany based Bayer AG has completed its acquisition of US based agribusiness company Monsanto for $128 per share in an all-cash transaction of $66 billion in total. According to Werner Baumann, the CEO of Bayer AG, the deal is to be considered as a successful step towards the crop science business of the company and it is expected to enhance Bayer’s spot in the life science division.

The merger will conglomerate Monsanto’s digital agriculture tools, seeds and traits with Bayer’s crop protection portfolio for the farmers. The digital farming applications will definitely impact the cultivators in a positive way.

  • In a recent press release, Nutrien has made an announcement about the successful achievement of the merger of Potash Corporation of Saskatchewan Inc. (PotashCorp) and Agrium Inc. (Agrium). This merger has initiated the organization of the world’s leading provider of crop services and inputs.
  • Syngenta Group is going to acquire Valagro, an Italy-based biotech company for an unrevealed amount, as per a latest report.

Valagro is a producers of biostimulants and specialty nutrients that are used in agriculture, manufacturing, and gardening. The company also makes specialty constituents for animal feed, cosmetics, and food.

  • The phosphate business of CF Industries has been acquired by The Mosaic Company for $1.2 billion in cash plus $200 million to support the asset retirement obligation escrow of the company, according to a recent report.

The acquisition has provided Mosaic the possession of a phosphate manufacturing facility, a 25,000-acre phosphate mine, a beneficiation plant, and an ammonia terminal. Currently, these facilities yield approximately 1.8 million tonnes of phosphate fertilizer per year, which is expected to increase the annual phosphates capacity of Mosaic to over 11 million tonnes.

Conclusion

Global agrichemical industry witnessed decline during the lockdown imposed in order to combat the spread of the coronavirus. However, the demand for agrochemicals has been increased because of the growing population and necessity of food.

Purchase Options

Enquire To Buy

Personalize this research

  • Triangulate with your own data
  • Get Data as per your format and defination
  • Get a deeper dive on a specific application, geography, customer or competitor
10% Off on Customization
Contact Us

Customers Also Viewed