Agrochemicals Market Overview The Global Agrochemicals Market was estimated to be worth $271.0 billion in 2022 and is anticipated to expand to $345.3 billion by 2030, with a CAGR of 3.5% from 2023 to 2030.
Agrochemicals are pesticides, herbicides, or fertilizers used for the management of ecosystems in agricultural sectors. Rudimentary variations on agrochemicals have been used for millennia to improve crop yields and control the populations of agricultural pests. The need for maintaining integrity across the agricultural sector shall play a most important role in driving sales across the global Agrochemicals market.
Furthermore, chemical research finds that certain pesticides and insecticides intensify the process of crop growth. Hence, the use of artificial pesticides to accelerate the process of sowing and cultivation has given a stronger boost to the growth of the global Agrochemicals market. Additionally, many agriculture scientists agree with the idea of using organic fertilizers to generate improved yields. Therefore, scientists taking efforts to procure high-quality seeds, fertilizers, and other agrochemicals. The success of the agricultural sector in deploying the right fertilizer type plays an essential role in boosting the demand within the global Agrochemicals market. Moreover, farmers have become more inclined to use agrochemicals, this crucial factor is furthermore beneficial to the global Agrochemicals market.
Agrochemicals, when used in higher concentrations, resulting in surface water pollution and adversely affect the environment. Thus, the production of bio-based fertilizers and pesticides has created several opportunities for the key market players.
Covid-19 Impact on Agrochemicals Market The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world
Agrochemicals Market Segment OverviewBased on the Type, Fertilizers is the largest segment in the global Agrochemicals market. Fertilizers are chemical substances supplied to the crops to increase their productivity. These are used by the farmers daily to increase the crop yield. Moreover, the fertilizers contain the essential nutrients required by the plants, including nitrogen, potassium, and phosphorus. They enhance the water retention capacity of the soil and also increase its fertility.
Moreover, the rising demand for improved fertilizers across countries depends on their agricultural sector. As well, the government is obliged to support the endeavors of the agricultural sector by offering subsidies and rebates to agriculturists. Hence, the government has played a significant role in propelling the growth of the global Agrochemicals market.
Agrochemicals Market, By Product Type
- Fertilizers
- Nitrogen Based
- Potassium Based
- Phosphorous based
- Others
- Pesticides
- Insecticides
- Fungicides
- Herbicides
- Bactericides
- Others
- Others (Soil Conditioners, acidifying agents etc.)
Agrochemicals Market, By Crop Type
· Cereals
· Pulses and Oilseeds
· Fruits and Vegetables
· Lawns and Turfs
· Others
Agrochemicals Market Regional OverviewIn terms of geography, Asia-Pacific accounted for the largest share of the agrochemicals market, owing to high agricultural activities in this region. Production and Consumption of agrochemicals in China and India are projected to grow with a significant growth rate during the forecast period owing to increasing consumption and production of fertilizers. Moreover, production and distribution facilities in this region are well-established, and rising nitrogen & potassium-based fertilizers consumption will create a significant opportunity for the growth of the Agrochemicals market in the Asia Pacific region. However, France is the largest agrochemicals market in Europe.
Agrochemicals Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Agrochemicals Market Competitor overviewSome key developments and strategies adopted by manufacturers in Agrochemicals are highlighted below.
· In June 2018, German chemical and pharma major Bayer AG announced completion of the $63 billion mega-deal to acquire US-based biotech major Monsanto to create the world’s biggest agro-chemical and seed company.
Agrochemicals Market, Key Players· Gharda Chemicals Limited
· Zuari Agro Chemicals Ltd.
· Dow AgroSciences LLC
· Agrium Inc.
· Bayer AG
· BASF SE
· E. I. du Pont Nemours and Company
· Monsanto Company
· Sumitomo Chemical Co.
· Syngenta AG
· The Mosaic Co.
· Yara International ASA
List of Figures
Figure 1: Global Agrochemicals Market Revenue Breakdown (USD Billion, %) by Region, 2023 & 2030
Figure 2: Global Market Value Share (%), By Segment 1, 2023 & 2030
Figure 3: Global Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 4: Global Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 5: Global Market Value Share (%), By Segment 2, 2023 & 2030
Figure 6: Global Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 7: Global Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 8: Global Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 9: Global Agrochemicals Market Forecast (USD Billion), by Others, 2018-2030
Figure 10: Global Market Value Share (%), By Segment 3, 2023 & 2030
Figure 11: Global Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 12: Global Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 13: Global Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 14: Global Market Forecast (USD Billion), by Others, 2018-2030
Figure 15: Global Market Value (USD Billion), by Region, 2023 & 2030
Figure 16: North America Agrochemicals Market Value Share (%), By Segment 1, 2023 & 2030
Figure 17: North America Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 18: North America Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 19: North America Market Value Share (%), By Segment 2, 2023 & 2030
Figure 20: North America Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 21: North America Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 22: North America Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 23: North America Market Forecast (USD Billion), by Others, 2018-2030
Figure 24: North America Market Value Share (%), By Segment 3, 2023 & 2030
Figure 25: North America Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 26: North America Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 27: North America Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 28: North America Market Forecast (USD Billion), by Others, 2018-2030
Figure 29: North America Market Forecast (USD Billion), by U.S., 2018-2030
Figure 30: North America Market Forecast (USD Billion), by Canada, 2018-2030
Figure 31: Latin America Agrochemicals Market Value Share (%), By Segment 1, 2023 & 2030
Figure 32: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 33: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 34: Latin America Market Value Share (%), By Segment 2, 2023 & 2030
Figure 35: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 36: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 37: Latin America Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 38: Latin America Market Forecast (USD Billion), by Others, 2018-2030
Figure 39: Latin America Market Value Share (%), By Segment 3, 2023 & 2030
Figure 40: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 41: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 42: Latin America Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 43: Latin America Market Forecast (USD Billion), by Others, 2018-2030
Figure 44: Latin America Market Forecast (USD Billion), by Brazil, 2018-2030
Figure 45: Latin America Market Forecast (USD Billion), by Mexico, 2018-2030
Figure 46: Latin America Market Forecast (USD Billion), by Rest of Latin America, 2018-2030
Figure 47: Europe Agrochemicals Market Value Share (%), By Segment 1, 2023 & 2030
Figure 48: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 49: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 50: Europe Market Value Share (%), By Segment 2, 2023 & 2030
Figure 51: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 52: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 53: Europe Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 54: Europe Market Forecast (USD Billion), by Others, 2018-2030
Figure 55: Europe Market Value Share (%), By Segment 3, 2023 & 2030
Figure 56: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 57: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 58: Europe Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 59: Europe Market Forecast (USD Billion), by Others, 2018-2030
Figure 60: Europe Market Forecast (USD Billion), by U.K., 2018-2030
Figure 61: Europe Market Forecast (USD Billion), by Germany, 2018-2030
Figure 62: Europe Market Forecast (USD Billion), by France, 2018-2030
Figure 63: Europe Market Forecast (USD Billion), by Italy, 2018-2030
Figure 64: Europe Market Forecast (USD Billion), by Spain, 2018-2030
Figure 65: Europe Market Forecast (USD Billion), by Russia, 2018-2030
Figure 66: Europe Market Forecast (USD Billion), by Rest of Europe, 2018-2030
Figure 67: Asia Pacific Agrochemicals Market Value Share (%), By Segment 1, 2023 & 2030
Figure 68: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 69: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 70: Asia Pacific Market Value Share (%), By Segment 2, 2023 & 2030
Figure 71: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 72: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 73: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 74: Asia Pacific Market Forecast (USD Billion), by Others, 2018-2030
Figure 75: Asia Pacific Market Value Share (%), By Segment 3, 2023 & 2030
Figure 76: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 77: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 78: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 79: Asia Pacific Market Forecast (USD Billion), by Others, 2018-2030
Figure 80: Asia Pacific Market Forecast (USD Billion), by China, 2018-2030
Figure 81: Asia Pacific Market Forecast (USD Billion), by India, 2018-2030
Figure 82: Asia Pacific Market Forecast (USD Billion), by Japan, 2018-2030
Figure 83: Asia Pacific Market Forecast (USD Billion), by Australia, 2018-2030
Figure 84: Asia Pacific Market Forecast (USD Billion), by Southeast Asia, 2018-2030
Figure 85: Asia Pacific Market Forecast (USD Billion), by Rest of Asia Pacific, 2018-2030
Figure 86: Middle East & Africa Agrochemicals Market Value Share (%), By Segment 1, 2023 & 2030
Figure 87: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 88: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 89: Middle East & Africa Market Value Share (%), By Segment 2, 2023 & 2030
Figure 90: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 91: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 92: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 93: Middle East & Africa Market Forecast (USD Billion), by Others, 2018-2030
Figure 94: Middle East & Africa Market Value Share (%), By Segment 3, 2023 & 2030
Figure 95: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 96: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 97: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 98: Middle East & Africa Market Forecast (USD Billion), by Others, 2018-2030
Figure 99: Middle East & Africa Market Forecast (USD Billion), by GCC, 2018-2030
Figure 100: Middle East & Africa Market Forecast (USD Billion), by South Africa, 2018-2030
Figure 101: Middle East & Africa Market Forecast (USD Billion), by Rest of Middle East & Africa, 2018-2030
List of Tables
Table 1: Global Agrochemicals Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2030
Table 2: Global Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2030
Table 3: Global Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2030
Table 4: Global Market Revenue (USD Billion) Forecast, by Region, 2018-2030
Table 5: North America Agrochemicals Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2030
Table 6: North America Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2030
Table 7: North America Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2030
Table 8: North America Market Revenue (USD Billion) Forecast, by Country, 2018-2030
Table 9: Europe Agrochemicals Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2030
Table 10: Europe Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2030
Table 11: Europe Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2030
Table 12: Europe Market Revenue (USD Billion) Forecast, by Country, 2018-2030
Table 13: Latin America Agrochemicals Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2030
Table 14: Latin America Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2030
Table 15: Latin America Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2030
Table 16: Latin America Market Revenue (USD Billion) Forecast, by Country, 2018-2030
Table 17: Asia Pacific Agrochemicals Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2030
Table 18: Asia Pacific Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2030
Table 19: Asia Pacific Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2030
Table 20: Asia Pacific Market Revenue (USD Billion) Forecast, by Country, 2018-2030
Table 21: Middle East & Africa Agrochemicals Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2030
Table 22: Middle East & Africa Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2030
Table 23: Middle East & Africa Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2030
Table 24: Middle East & Africa Market Revenue (USD Billion) Forecast, by Country, 2018-2030
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model