Global Agrochemicals Market Report and Forecast 2023-2028

Global Agrochemicals Market Report and Forecast 2023-2028


Market Outlook

According to the report by Expert Market Research (EMR), the global agrochemicals market reached a value of USD 232.71 billion in 2022. Aided by the rising global food demand, intensifying agricultural practices, and the increasing emphasis on sustainable farming, the market is projected to further grow at a CAGR of 2.99% between 2023 and 2028 to reach a value of USD 278.67 billion by 2028.

Agrochemicals, comprising fertilisers, pesticides, herbicides, and insecticides, play an indispensable role in modern agricultural practices. These chemicals are pivotal in ensuring improved crop yield, pest management, and soil fertility. Given the ever-increasing global population and the concomitant rise in food demand, these chemicals are progressively becoming the backbone of global food production systems.

The pressing need for higher agricultural productivity amidst decreasing arable land has resulted in the augmented agrochemicals market demand. These chemicals not only ensure crop health but also enhance the overall quality of agricultural produce, making them a preferred choice among modern-day farmers. Additionally, with the advent of precision agriculture and technological interventions, the agrochemical sector has witnessed innovations like targeted pest control and soil-specific fertilisation.

The rising global awareness regarding sustainable agricultural practices and the potential environmental repercussions of chemical overuse has directed the agrochemicals market growth. This consciousness has catalysed the development and adoption of bio-based agrochemicals, which are derivatives of organic materials and are environmentally benign. Such products have seen significant traction, especially in developed regions with stringent environmental regulations.

Moreover, the market has benefited from the increasing research and development activities, aiming at the formulation of chemicals with minimal environmental impact, reduced toxicity, and enhanced efficiency. Such advancements are pivotal in addressing concerns related to chemical residues in food products and environmental pollution.

Furthermore, integrated pest management (IPM) practices and organic farming movements have spurred the need for alternatives to traditional agrochemicals. These practices emphasise a holistic approach to pest and crop management, limiting the use of synthetic chemicals and focusing on natural and sustainable methods.

However, given the burgeoning global food demand and the immediate necessity for enhanced agricultural productivity, agrochemicals' relevance remains unparalleled. Their critical role in ensuring global food security and their continually evolving nature, adapted to meet global challenges, underlines their significance in the agricultural landscape which is in turn shaping the agrochemicals market dynamics.

Market Segmentation

The market can be divided based on product, nature, application, and region.

Market Breakup by Product
  • Fertilisers
  • Pesticides
  • Adjuvants
  • Plant Growth Regulators
  • Others
Market Breakup by Nature
  • Bio Based
  • Synthetic
Market Breakup by Application
  • Crop Based
Grains and Cereals

Pulses and Oilseeds

Fruits and Vegetables
  • Non-Crop Based
Turf and Ornamental Grass

Others

Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global agrochemicals companies. Some of the major key players explored in the report by Expert Market Research are as follows:
  • Solvay S.A.
  • Clariant AG
  • Evonik Industries AG
  • Ashland Global Holdings Inc.
  • BASF SE
  • Corteva AgriScience
  • The Mosaic Company
  • Nutrien Ltd.
  • Nufarm Ltd
  • Yara International ASA
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Agrochemicals Market Analysis
8.1 Key Industry Highlights
8.2 Global Agrochemicals Historical Market (2018-2022)
8.3 Global Agrochemicals Market Forecast (2023-2028)
8.4 Global Agrochemicals Market by Product
8.4.1 Fertilisers
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Pesticides
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Adjuvants
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Plant Growth Regulators
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Agrochemicals Market by Nature
8.5.1 Bio Based
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Synthetic
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Agrochemicals Market by Application
8.6.1 Crop Based
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.1.3 Breakup by Type
8.6.1.3.1 Grains and Cereals
8.6.1.3.2 Pulses and Oilseeds
8.6.1.3.3 Fruits and Vegetables
8.6.2 Non-Crop Based
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.2.3 Breakup by Type
8.6.2.3.1 Turf and Ornamental Grass
8.6.2.3.2 Others
8.7 Global Agrochemicals Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Agrochemicals Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Agrochemicals Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Agrochemicals Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Agrochemicals Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Agrochemicals Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Solvay S.A.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Clariant AG
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Evonik Industries AG
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Ashland Global Holdings Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 BASF SE
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Corteva AgriScience
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 The Mosaic Company
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Nutrien Ltd.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Nufarm Ltd
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Yara International ASA
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market

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