Global Agrochemicals Market 2024-2028

Global Agrochemicals Market 2024-2028

Technavio has been monitoring the agrochemicals market and is forecast to grow by USD 51.2 mn during 2023-2028, accelerating at a CAGR of 4.51% during the forecast period. Our report on the agrochemicals market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing use of herbicides, growing demand from developing countries, and technological improvements leading to efficient methods of agriculture.

Technavio's agrochemicals market is segmented as below:

By Product

• Fertilizers
• Pesticides

By Application

• Cereals and grains
• Oilseeds and pulses
• Fruits and vegetables

By Geographical Landscape

• APAC
• North America
• Europe
• South America
• Middle East and Africa

This study identifies the implementation of integrated pest management (IPM) as new method of crop protection as one of the prime reasons driving the agrochemicals market growth during the next few years. Also, introduction of biopesticides and increasing number of new product launches will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the agrochemicals market covers the following areas:

• Agrochemicals market sizing
• Agrochemicals market forecast
• Agrochemicals market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading agrochemicals market vendors that include American Vanguard Corp., Archer Daniels Midland Co., Arysta LifeScience Corp., BASF SE, Bayer AG, Cargill Inc., CF Industries Holdings Inc., Corteva Inc., Drexel Chemical Co., Evonik Industries AG, FMC Corp., Gharda Chemicals Ltd., Haifa Negev technologies Ltd., Koch Industries Inc., Nissan Chemical Corp., Nufarm Ltd., Nutrien Ltd., Rotam CropSciences Ltd., Syngenta Crop Protection AG, and Yara International ASA. Also, the agrochemicals market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.