About Agrochemicals
Agrochemicals are specialized chemicals and compounds that are used to protect and improve the quality of agricultural products. They are used in commercial plantation agricultural fields and units to protect produce from pests, weeds, and fungi while also increasing yield. Nitrogen, and potassic fertilizers, insecticides, herbicides, fungicides, rodenticides, phosphatic, molluscicides, nematicides, and pesticides are the most commonly used agrochemicals. Fertilizers enhance the quality of crop by providing essential nutrients to the crop and soil, whereas pesticides protect crops by controlling, killing, or repelling pests and weeds that can harm the crop. Given the current global population scenario, increasing crop production within the existing arable land is critical to feed the world's population.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.1% |
The agrochemicals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to agrochemicals market.The Vendors having a strong hold in the market are Israel Chemicals, Yara International ASA, The Mosaic Co., BASF SE, and Dow Chemical Limited. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Agrochemicals market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF SE (Germany), The DOW Chemicals Company (United States), E. I. Du Pont De Nemours and Company (United States), Yara International ASA (Norway), Monsanto Company (United States), Israel Chemicals Limited (Israel), Sociedad Química Y Minera S.A. (Chile), The Mosaic Company (United States), Syngenta AG (Switzerland) and Bayer Cropscience AG (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are PotashCorp (Canada), Agrium (Canada), Haifa Chemicals (Israel), Zuari Agro Chemicals (India) and CF Industries (United States).
Segmentation Overview
AMA Research has segmented the market of Global Agrochemicals market by Type (Fertilizers and Pesticides (Insecticide, Herbicide, Rodenticides, Bactericides, Fungicides)), Application (Crop-Based, Animal husbandry, Forestry operations and Non-Crop-Based) and Region.
On the basis of geography, the market of Agrochemicals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Fertilizer Type , the sub-segment i.e. Nitrogenous will boost the Agrochemicals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pesticide Type, the sub-segment i.e. Organophosphates will boost the Agrochemicals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Crop Type, the sub-segment i.e. Cereals & Grains will boost the Agrochemicals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Focus on Genetically Modified (GM) Crops
Market Growth Drivers:
Growing Production of Greenhouse Vegetable and Degradation of Agricultural Land Across the World
Challenges:
Increasing Awareness About Agro-chemicals Use
Restraints:
Availability of Various Organic Alternatives Chemical Solution
Opportunities:
Growing Focus on Producing High Crop Yield and Focus on Specialized Cultivation of Food Products
Market Leaders and their expansionary development strategies
In January 2022, Yara and Lantmännen agreed to bring fossil-free fertilizers to market. Produced with renewable energy, these green fertilizers are crucial for decarbonizing the food chain and offering consumers more sustainable food choices.
In February 2022, ADAMA Ltd. announced the launch of Timeline FX, the industry's most advanced cross-spectrum spring foliar herbicide for cereals. Engineered with three Active Ingredients with complementary modes of action together with a built-in adjuvant, Timeline FX ensures flexibility for growers by giving the widest application window of any herbicide for controlling broadleaf and grass weeds for cereal crops.
Key Target Audience
Agrochemicals Manufacturers, Suppliers/Distributors, End-user Industries, Government Agencies, Research Institutes, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.