Agrochemicals Market Analysis and Forecast to 2033: By Product (Fertilizer, Crop Protection Chemicals, Plant Growth Regulators, Others), Application (Cereal & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), and Region
The agrochemicals market size was USD 232.30 billion in 2023 and is anticipated to reach USD 313.21 billion in 2033, growing at a rate of 3.0% from 2024 to 2033.
Agrochemicals are engineered chemical or biological formulations used for improvements in the quality and yield of crops. Agrochemicals are classified into fertilizers and pesticides. Fertilizers enhance the quality of the crop by providing essential nutrients to the crop and soil whereas pesticides protect the crops and control, kill, or repel pests and weeds that can harm the crop. Considering the current global population scenario, it is extremely important to increase the production of crops within the present arable land to feed the global population. Thus, agrochemicals play an important role in the agriculture industry, assisting farmers in enhancing their crop quality as well as quantity.
Agrochemicals encompass a wide range of chemical and biological substances used in agriculture to enhance crop production, protect plants from pests and diseases, and improve soil fertility.
Key Trends
Over the past few decades, the agrochemicals industry has undergone a number of changes. One of the most significant changes has been the shift from traditional chemical pesticides to more modern, biodegradable products. This change has been driven by a number of factors, including increasing public awareness of the dangers of traditional pesticides, the development of new technology, and the changing needs of the agricultural industry.
The agrochemicals industry is facing increasing pressure to develop products that are safe for human health. This trend is driven by the increasing awareness of the potential health risks posed by traditional pesticides. In response, many companies are developing new products that are less toxic and more effective at controlling pests.
Key Drivers
The agrochemicals market is driven by several factors, including the growing global population, increasing food demand, and the need to enhance agricultural productivity. With expanding populations and shrinking arable land, farmers are increasingly relying on agrochemicals to boost crop yields and quality. Additionally, the rise in pest infestations, diseases, and weed outbreaks necessitates the use of pesticides and herbicides for crop protection.
Moreover, advancements in biotechnology and agricultural practices have led to the development of innovative agrochemical products with enhanced efficacy and environmental sustainability, further driving market growth. Furthermore, government initiatives aimed at promoting sustainable agriculture and ensuring food security are fueling the adoption of agrochemicals worldwide. The agrochemicals market is poised for continuous expansion as farmers seek solutions to address evolving challenges in modern agriculture while maximizing productivity and profitability.
Restraints & Challenges
The key restraints and challenges in the agrochemicals market include the stringent regulations regarding the use of agrochemicals, the high cost of agrochemicals, and the negative impact of agrochemicals on the environment.
The use of agrochemicals is regulated by various government bodies such as the Environmental Protection Agency (EPA) in the United States. These regulations stipulate the maximum levels of agrochemicals that can be used in agriculture and the conditions under which they can be used. This restricts the use of agrochemicals and raises the cost of production for farmers.
Market Segments
The Agrochemicals Market has been segmented into Product, Application, and Region. Based on the Product, the Agrochemicals Market is bifurcated into Fertilizer, Crop Protection Chemicals, Plant Growth Regulators, and Others. Based on Application, the market is segmented into Cereal & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others. Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
Some major key players of Agrochemicals Market are
BASF
Bayer
Syngenta
Monsanto
DowDuPont
Nufarm
Cheminova
Sumitomo Chemical
Adama
UPL
Agrochemicals Market Report Coverage
- The report offers a comprehensive quantitative as well as qualitative analysis of the current Agrochemicals Market outlook and estimations from 2023 to 2033, which helps to recognize the prevalent opportunities.
- The report also covers qualitative as well as quantitative analysis of Agrochemicals Market in terms of revenue ($Million).
- Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Agrochemicals Industry.
- A thorough analysis of market trends and restraints is provided.
- By region as well as country market analysis is also presented in this report.
- Analytical depiction of the Agrochemicals Market along with the current trends and future estimations to depict imminent investment pockets. The overall Agrochemicals industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
- Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Agrochemicals Market are also analyzed.
- Chapter 1. Agrochemicals Market Overview
- 1.1. Objectives of the Study
- 1.2. Market Definition and Research & Scope
- 1.3. Research Limitations
- 1.4. Research Methodologies
- 1.4.1. Secondary Research
- 1.4.2. Market Size Estimation Technique
- 1.4.3. Forecasting
- 1.4.4. Primary Research and Data Validation
- Chapter 2. Executive Summary
- 2.1. Summary
- 2.2. Key Highlights of the Market
- Chapter 3. Premium Insights on the Market
- 3.1. Market Attractiveness Analysis, by Region
- 3.2. Market Attractiveness Analysis, by Product
- 3.3. Market Attractiveness Analysis, by Application
- Chapter 4. Agrochemicals Market Outlook
- 4.1. Agrochemicals Market Segmentation
- 4.2. Market Dynamics
- 4.2.1. Market Drivers
- 4.2.1.1. Driver 1
- 4.2.1.2. Driver 2
- 4.2.1.3. Driver 3
- 4.2.2. Market Restraints
- 4.2.2.1. Restraint 1
- 4.2.2.2. Restraint 2
- 4.2.3. Market Opportunities
- 4.2.3.1. Opportunity 1
- 4.2.3.2. Opportunity 2
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Threat of New Entrants
- 4.3.2. Threat of Substitutes
- 4.3.3. Bargaining Power of Buyers
- 4.3.4. Bargaining Power of Supplier
- 4.3.5. Competitive Rivalry
- 4.4. PESTLE Analysis
- 4.5. Value Chain Analysis
- 4.6. Impact of COVID-19 on the Agrochemicals Market
- 4.7. Impact of the Russia and Ukraine War on the Agrochemicals Market
- 4.8. Case Study Analysis
- 4.9. Pricing Analysis
- Chapter 5. Agrochemicals Market, by Product
- 5.1. Market Overview
- 5.2. Fertilizer
- 5.2.1. Key Market Trends & Opportunity Analysis
- 5.2.2. Market Size and Forecast, by Region
- 5.3. Crop Protection Chemicals
- 5.3.1. Key Market Trends & Opportunity Analysis
- 5.3.2. Market Size and Forecast, by Region
- 5.4. Plant Growth Regulators
- 5.4.1. Key Market Trends & Opportunity Analysis
- 5.4.2. Market Size and Forecast, by Region
- 5.5. Others
- 5.5.1. Key Market Trends & Opportunity Analysis
- 5.5.2. Market Size and Forecast, by Region
- Chapter 6. Agrochemicals Market, by Application
- 6.1. Market Overview
- 6.2. Cereal and Grains
- 6.2.1. Key Market Trends & Opportunity Analysis
- 6.2.2. Market Size and Forecast, by Region
- 6.3. Oilseeds and Pulses
- 6.3.1. Key Market Trends & Opportunity Analysis
- 6.3.2. Market Size and Forecast, by Region
- 6.4. Fruits and Vegetables
- 6.4.1. Key Market Trends & Opportunity Analysis
- 6.4.2. Market Size and Forecast, by Region
- 6.5. Others
- 6.5.1. Key Market Trends & Opportunity Analysis
- 6.5.2. Market Size and Forecast, by Region
- Chapter 7. Agrochemicals Market, by Region
- 7.1. Overview
- 7.2. North America
- 7.2.1. Key Market Trends and Opportunities
- 7.2.2. North America Agrochemicals Market Size and Forecast, by Product
- 7.2.3. North America Agrochemicals Market Size and Forecast, by Application
- 7.2.4. North America Agrochemicals Market Size and Forecast, by Country
- 7.2.5. The U.S.
- 7.2.5.1. The U.S. Agrochemicals Market Size and Forecast, by Product
- 7.2.5.2. The U.S. Agrochemicals Market Size and Forecast, by Application
- 7.2.6. Canada
- 7.2.6.1. Canada Agrochemicals Market Size and Forecast, by Product
- 7.2.6.2. Canada Agrochemicals Market Size and Forecast, by Application
- 7.2.7. Mexico
- 7.2.7.1. Mexico Agrochemicals Market Size and Forecast, by Product
- 7.2.7.2. Mexico Agrochemicals Market Size and Forecast, by Application
- 7.3. Europe
- 7.3.1. Key Market Trends and Opportunities
- 7.3.2. Europe Agrochemicals Market Size and Forecast, by Product
- 7.3.3. Europe Agrochemicals Market Size and Forecast, by Application
- 7.3.3. Europe Agrochemicals Market Size and Forecast, by Country
- 7.3.4. The UK
- 7.3.4.1. The UK Agrochemicals Market Size and Forecast, by Product
- 7.3.4.2. The UK Agrochemicals Market Size and Forecast, by Application
- 7.3.5. Germany
- 7.3.5.1. Germany Agrochemicals Market Size and Forecast, by Product
- 7.3.5.2. Germany Agrochemicals Market Size and Forecast, by Application
- 7.3.6. France
- 7.3.6.1. France Agrochemicals Market Size and Forecast, by Product
- 7.3.6.2. France Agrochemicals Market Size and Forecast, by Application
- 7.3.7. Spain
- 7.3.7.1. Spain Agrochemicals Market Size and Forecast, by Product
- 7.3.7.2. Spain Agrochemicals Market Size and Forecast, by Application
- 7.3.8. Italy
- 7.3.8.1. Italy Agrochemicals Market Size and Forecast, by Product
- 7.3.8.2. Italy Agrochemicals Market Size and Forecast, by Application
- 7.3.9. Netherlands
- 7.3.9.1. Netherlands Agrochemicals Market Size and Forecast, by Product
- 7.3.9.2. Netherlands Agrochemicals Market Size and Forecast, by Application
- 7.3.10. Sweden
- 7.3.10.1. Sweden Agrochemicals Market Size and Forecast, by Product
- 7.3.10.2. Sweden Agrochemicals Market Size and Forecast, by Application
- 7.3.11. Switzerland
- 7.3.11.1. Switzerland Agrochemicals Market Size and Forecast, by Product
- 7.3.11.2. Switzerland Agrochemicals Market Size and Forecast, by Application
- 7.3.12. Denmark
- 7.3.12.1. Denmark Agrochemicals Market Size and Forecast, by Product
- 7.3.12.2. Denmark Agrochemicals Market Size and Forecast, by Application
- 7.3.13. Finland
- 7.3.13.1. Finland Agrochemicals Market Size and Forecast, by Product
- 7.3.13.2. Finland Agrochemicals Market Size and Forecast, by Application
- 7.3.14. Russia
- 7.3.14.1. Russia Agrochemicals Market Size and Forecast, by Product
- 7.3.14.2. Russia Agrochemicals Market Size and Forecast, by Application
- 7.3.15. Rest of Europe
- 7.3.15.1. Rest of Europe Agrochemicals Market Size and Forecast, by Product
- 7.3.15.2. Rest of Europe Agrochemicals Market Size and Forecast, by Application
- 7.4. Asia-Pacific
- 7.4.1. Key Market Trends and Opportunities
- 7.4.2. Asia-Pacific Agrochemicals Market Size and Forecast, by Country
- 7.4.3. Asia-Pacific Agrochemicals Market Size and Forecast, by Product
- 7.4.4. Asia-Pacific Agrochemicals Market Size and Forecast, by Application
- 7.4.5. China
- 7.4.5.1. China Agrochemicals Market Size and Forecast, by Product
- 7.4.5.2. China Agrochemicals Market Size and Forecast, by Application
- 7.4.6. India
- 7.4.6.1. India Agrochemicals Market Size and Forecast, by Product
- 7.4.6.2. India Agrochemicals Market Size and Forecast, by Application
- 7.4.7. Japan
- 7.4.7.1. Japan Agrochemicals Market Size and Forecast, by Product
- 7.4.7.2. Japan Agrochemicals Market Size and Forecast, by Application
- 7.4.8. South Korea
- 7.4.8.1. South Korea Agrochemicals Market Size and Forecast, by Product
- 7.4.8.2. South Korea Agrochemicals Market Size and Forecast, by Application
- 7.4.9. Australia
- 7.4.9.1. Australia Agrochemicals Market Size and Forecast, by Product
- 7.4.9.2. Australia Agrochemicals Market Size and Forecast, by Application
- 7.4.10. Singapore
- 7.4.10.1. Singapore Agrochemicals Market Size and Forecast, by Product
- 7.4.10.2. Singapore Agrochemicals Market Size and Forecast, by Application
- 7.4.11. Indonesia
- 7.4.11.1. Indonesia Agrochemicals Market Size and Forecast, by Product
- 7.4.11.2. Indonesia Agrochemicals Market Size and Forecast, by Application
- 7.4.12. Taiwan
- 7.4.12.1. Taiwan Agrochemicals Market Size and Forecast, by Product
- 7.4.12.2. Taiwan Agrochemicals Market Size and Forecast, by Application
- 7.4.13. Malaysia
- 7.4.13.1. Malaysia Agrochemicals Market Size and Forecast, by Product
- 7.4.13.2. Malaysia Agrochemicals Market Size and Forecast, by Application
- 7.4.14. Rest of APAC
- 7.4.14.1. Rest of APAC Agrochemicals Market Size and Forecast, by Product
- 7.4.14.2. Rest of APAC Agrochemicals Market Size and Forecast, by Application
- 7.5. Rest of The World
- 7.5.1. Key Market Trends and Opportunities
- 7.5.2. Rest of The World Agrochemicals Market Size and Forecast, by Product
- 7.5.3. Rest of The World Agrochemicals Market Size and Forecast, by Application
- 7.5.4. Rest of The World Agrochemicals Market Size and Forecast, by Country
- 7.5.5. Latin America
- 7.5.5.1. Latin America Agrochemicals Market Size and Forecast, by Product
- 7.5.5.2. Latin America Agrochemicals Market Size and Forecast, by Application
- 7.5.6. Middle East
- 7.5.6.1. Middle East Agrochemicals Market Size and Forecast, by Product
- 7.5.6.2. Middle East Agrochemicals Market Size and Forecast, by Application
- 7.5.7. Africa
- 7.5.7.1. Africa Agrochemicals Market Size and Forecast, by Product
- 7.5.7.2. Africa Agrochemicals Market Size and Forecast, by Application
- Chapter 8. Competitive Landscape
- 8.1. Overview
- 8.2. Market Share Analysis/Key Player Positioning
- 8.3. Vendor Benchmarking
- 8.4. Developmental Strategy Benchmarking
- 8.4.1. New Product Developments
- 8.4.2. Product Launches
- 8.4.3. Business Expansions
- 8.4.4. Partnerships, Joint Ventures, and Collaborations
- 8.4.5. Mergers and Acquisitions
- Chapter 9. Company Profiles
- 9.1. BASF (Germany)
- 9.1.1. Company Snapshot
- 9.1.2. Financial Performance
- 9.1.3. Product Offerings
- 9.1.4. Key Developmental Strategies
- 9.1.5. SWOT Analysis
- 9.2. Bayer (Germany)
- 9.2.1. Company Snapshot
- 9.2.2. Financial Performance
- 9.2.3. Product Offerings
- 9.2.4. Key Developmental Strategies
- 9.2.5. SWOT Analysis
- 9.3. Syngenta (Switzerland)
- 9.3.1. Company Snapshot
- 9.3.2. Financial Performance
- 9.3.3. Product Offerings
- 9.3.4. Key Developmental Strategies
- 9.3.5. SWOT Analysis
- 9.4. Monsanto (US)
- 9.4.1. Company Snapshot
- 9.4.2. Financial Performance
- 9.4.3. Product Offerings
- 9.4.4. Key Developmental Strategies
- 9.4.5. SWOT Analysis
- 9.5. DowDuPont (US)
- 9.5.1. Company Snapshot
- 9.5.2. Financial Performance
- 9.5.3. Product Offerings
- 9.5.4. Key Developmental Strategies
- 9.5.5. SWOT Analysis
- 9.6. Nufarm (Australia)
- 9.6.1. Company Snapshot
- 9.6.2. Financial Performance
- 9.6.3. Product Offerings
- 9.6.4. Key Developmental Strategies
- 9.6.5. SWOT Analysis
- 9.7. Cheminova (Denmark)
- 9.7.1. Company Snapshot
- 9.7.2. Financial Performance
- 9.7.3. Product Offerings
- 9.7.4. Key Developmental Strategies
- 9.7.5. SWOT Analysis
- 9.8. Sumitomo Chemical (Japan)
- 9.8.1. Company Snapshot
- 9.8.2. Financial Performance
- 9.8.3. Product Offerings
- 9.8.4. Key Developmental Strategies
- 9.8.5. SWOT Analysis
- 9.9. Adama (Israel)
- 9.9.1. Company Snapshot
- 9.9.2. Financial Performance
- 9.9.3. Product Offerings
- 9.9.4. Key Developmental Strategies
- 9.9.5. SWOT Analysis
- 9.10. UPL (India)
- 9.10.1. Company Snapshot
- 9.10.2. Financial Performance
- 9.10.3. Product Offerings
- 9.10.4. Key Developmental Strategies
- 9.10.5. SWOT Analysis
- *The list of companies is subject to change during the final compilation of the report
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