Global Agrochemicals Market is projected to grow at a significant CAGR from 2017 to 2025
With the growing population and demand for food, agrochemicals have become indispensable to consumers. New technology along with research and development in the sector have driven the growth of this market along with farmers looking for cost effective and lasting solutions to their crop problems; declining arable land is a serious concern and agrochemicals help in the preservation of the same. The market by product is divided into fertilizers and pesticides. Fertilisers are used to improve the quality of the soil and nutrient content of the crop while increasing crop yield. Pesticides are used to exterminate unwanted pests in the crops which could harm the crop as well as human beings, on consumption. Certain factors hampering the growth of the market are development of safer alternatives like biopesticides and bioherbicides which are also considered to be more environment friendly. Prolonged use of agrochemicals has also seen to have caused serious health hazards in some cases. Cancer, diabetes, asthma, autism are some diseases linked to the prolonged use of agrochemicals. Agrochemicals also leave non-biodegradable residues which are harmful to the soil. Governments concerned about health problems and safety issues in some areas have made stringent regulations & rules, and limited the use of agrochemicals and promoted the use for agricultural biologicals such as Bioherbicides, Biofertilizers, Biopesticides, among others.
The report is designed to provide a complete view on the global Agrochemicals market. The report has been categorised into qualitative and quantitative insights over the forecast period (2017-2025). The demand and supply matrix section falls under the qualitative information category wherein the market dynamics for Agrochemicals market has been studied considering a short term forecast of the factors/ variables which have an impact on Agrochemicals market. The market segments and their respective estimates & forecasts has been covered under the quantitative information category. Regional estimates and forecasts & trend analysis for each country and region is also available in the study. The report concludes by providing the competitive landscape of the major market participants which are profiled by analysing their organic & inorganic growth strategies, regional presence, and product portfolio among others.
Reducing arable land, increase in demand for agrochemicals from Japan, India & China, and the rise in population are among the major factors influencing the growth for agrochemicals market.
Study Technique: Global Agrochemicals Market
The global Agrochemicals market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process. The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Agrochemicals market. The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers. Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company’s manufacturing Agrochemicals, and customer analytics.
Global Agrochemicals Market Segmentation
Fertilisers mainly include liquid fertilizers, multi-nutrient fertilizers, compound fertilizer, complex fertilizers, and blended fertilizers, among others. Pesticides mainly include herbicides, insecticides and fungicides. There are three types of fertilizers; Nitrogenous, Pottasic and Phosphatic and four types of pesticides; Organophosphates, Pyrethroids, Neonicotinoids and Bio-Pesticides. Pesticides have been seen to dominate the market over fertilizers.
The application segment of the agrochemicals market include; cereals & grains, oil seeds & pulses, fruits & vegetables, among others. The fruits and vegetable segment has exhibited the fastest growth due to extensive growth in population and demand of food to feed the same. Agrochemicals are highly seasonal nature and provide improved and superior plant and crop protection, which is what is driving this industry to higher growth.
End-User Landscape (Consumer Profile): Agrochemicals Market
Companies such as The DOW Chemicals Company, BASF SE, E. I. Du Pont De Nemours and Company, Israel Chemicals Limited, among others are investing extensively in the manufacturing and sale of Agrochemicals, which presents a huge opportunity to Agrochemicals suppliers. The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic, and inorganic growth strategies among others.
The DOW Chemicals Company, BASF SE, E. I. Du Pont De Nemours and Company, Israel Chemicals Limited, Yara International ASA, Monsanto Company, and Sociedad Química Y Minera S.A., among others account for the major share in Agrochemicals market. Companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. The other companies profiled in the report include: Bayer Cropscience AG, The Mosaic Company and Syngenta AG.
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