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Agrochemicals Market by Type - Global Opportunity Analysis and Industry Forecast, 2020-2030

  • ID: 5206348
  • Report
  • June 2020
  • Region: Global
  • 295 pages
  • Next Move Strategy Consulting

FEATURED COMPANIES

  • Agrium Inc.
  • BASF SE
  • Bayer AG
  • Dow AgroSciences LLC
  • Monsanto Company
  • Sumitomo Chemical Co.
Market Definition:

The Global Agrochemicals Market was valued at USD 239.85 billion in 2019 and is expected to reach USD 365.16 billion by 2030 expanding at a CAGR of 3.8% during the forecast period from 2020 to 2030. Based on volumetric sale, the demand for agrochemicals was valued at 289.07 million tons in 2019, and is anticipated to reach 402.18 million tons by 2030, rising at a CAGR of 3.0% from 2020 to 2030.

Agrochemicals are used to manage the agriculture ecosystem and increase the crop yield by decreasing the growth of fungi, weeds, and insects that hinder the growth of agricultural produce. Agrochemical refers to pesticides including insecticides, herbicides, fungicides, and nematicides. It includes synthetic fertilizers, liming and acidifying agents, hormones, soil conditioners. Agrochemicals also include chemical agents, such as antibiotics and hormones, which are used for livestock.

Agrochemicals are either manufactured synthetically or developed biologically. Many synthetic agrochemicals are toxic and their prolonged use can cause health risks and environmental damage. As a result, the use of bio-based fertilizers and pesticides is rising in the global agricultural sector.

Market Dynamics and Trends

Surging global population is boosting the demand for food. On the other hand, urbanization is reducing agricultural land, thus driving the need to increase crop production in limited agricultural land. Also, rising awareness regarding the advantages of agrochemicals are expected to propel the adoption of agrochemicals throughout the forecast period.

However, increasing environmental concerns due to prolonged use of synthetic chemicals, rising health-risks caused by high toxicity of such chemicals, and deteriorating quality of air, water, and soil caused by excessive use of synthetic agrochemicals are impeding the agrochemicals market. Conversely, increasing cultivable land area for horticultural crops such as fruits, vegetables, and floriculture plants, rising inclination toward organic farming, and growing use of bio pesticides are creating opportunities in the market. Moreover, increasing R&D activities and cutting-edge innovations in farming technologies and growing awareness among farmers about the appropriate use of agrochemicals are creating lucrative opportunities in the market.

Market Segmentations and Scope of the Study:

The global agrochemicals market is segmented based on type and geography. On the basis of type, the market is segregated into fertilizers and pesticides. The fertilizer segment is divided into synthetic fertilizers, phosphatic, potassic, and biofertilizers. The synthetic fertilizers segment is categorized into nitrogenous, urea, ammonia, calcium ammonium nitrate, and other nitrogenous fertilizers. The phosphatic sub-segment classified into di-ammonium phosphate (DAP), mono-ammonium phosphate (MAP), triple superphosphate (TSP), and other phosphatic fertilizers. The potassic sub-segment is further divided into potassium chloride, potassium sulphate, potassium magnesium sulphate, and others.

The pesticides segment is fragmented into herbicides, insecticides, and fungicides. The herbicides segment is bifurcated into synthetic herbicides and bio-herbicides. The synthetic herbicides sub-segment is classified as glyphosate, atrazine, acetochlor, 2,4-D, paraquat, and others. The insecticides segment is classified as synthetic insecticides and bio insecticides. The synthetic insecticides sub-segment is divided into organophosphates, pyrethroids, methyl carbamates, neonicotinoids, and others. The fungicides segment segregated into bifurcated into synthetic fungicides and bio-fungicides. The synthetic fungicides segment is segregated into dithiocarbamates, benzimidazoles, chloronitriles, triazoles, phenylamides, strobilurins, and others. In terms of geography, the global agrochemicals market is categorized as North America, Europe, Asia-Pacific, and Rest of the World (RoW).

Geographical Analysis

The agrochemicals market in North-America is expected grow at a high pace owing to the presence of large population and lack of cultivatable land, prevailing advanced infrastructures, constant technological developments, and growing demand for agricultural produce.

Asia-Pacific dominates the global agrochemicals market and this trend is projected to continue during the forecast period due to increasing population, rising demand of agriculture produce for direct consumption and processing.

Competitive Landscape

Key players in the global agrochemicals market include Bayer AG, Agrium Inc., BASF SE, Dow AgroSciences LLC, Monsanto Company, E. I. du Pont Nemours and Company, Syngenta AG, Sumitomo Chemical Co., Yara International ASA, and The Mosaic Co.

In August 2019, Yara and Nel confirmed their shared ambition of developing clean hydrogen. Also, in March 2020, Ascenza, also known as Sapec Agro, announced the launch of its Sea4CS project that aims at producing sustainable microencapsulated formulations from marine resources. The project intends to utilize renewable sources of co-formulants, to develop innovative formulations of insecticides and herbicides.

KEY MARKET SEGMENTS:

Global Agrochemicals market - By Type
  • Fertilizers
  • Synthetic Fertilizers
  • Nitrogenous
  • Urea
  • Ammonia
  • Calcium Ammonium Nitrate
  • Other Nitrogenous Fertilizers
  • Phosphatic
  • Di-Ammonium Phosphate (DAP)
  • Mono-Ammonium Phosphate (MAP)
  • Triple Superphosphate (TSP)
  • Other Phosphatic Fertilizers
  • Potassic
  • Potassium Chloride
  • Potassium Sulfate
  • Potassium Magnesium Sulfate
  • Others
  • Biofertlizers
  • Pesticides
  • Herbicides
  • Synthetic Herbicides
  • Glyphosate
  • Atrazine
  • Acetochlor
  • 2,4-D
  • Paraquat
  • Others
  • Bio-Herbicides
  • Insecticides
  • Synthetic Insecticides
  • Organophosphates
  • Pyrethroids
  • Methyl Carbamates
  • Neonicotinoids
  • Others
  • Bio-Insecticides
  • Fungicides
  • Synthetic Fungicides
  • Dithiocarbamates
  • Benzimidazoles
  • Chloronitriles
  • Triazoles
  • Phenylamides
  • Strobilurins
  • Others
  • Bio-Fungicides
Global Agrochemicals market -By Geography
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Australia
  • Rest of Asia-Pacific
  • RoW
  • UAE
  • Saudi Arabia
  • South Africa
  • Brazil
  • Remaining Countries
KEY+F8 PLAYERS:
  • Bayer AG
  • Agrium Inc.
  • BASF SE
  • Dow AgroSciences LLC
  • Monsanto Company
  • E. I. du Pont Nemours and Company
  • Syngenta AG
  • Sumitomo Chemical Co.
  • Yara International ASA
  • The Mosaic Co
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Agrium Inc.
  • BASF SE
  • Bayer AG
  • Dow AgroSciences LLC
  • Monsanto Company
  • Sumitomo Chemical Co.
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1 Secondary Research
1.2.2 Data Analysis Framework
1.2.3 Market Size Estimation
1.2.4 Forecasting
1.2.5 Primary Research and Data Validation

2. Market Snapshot, 2019-2030 Million Usd
2.1. Market Snapshot

3. Porter's Five Force Model Analysis

4. Market Dynamics
4.1. Growth Drivers
4.1.1 Driver 1
4.1.2 Driver 2
4.1.3 Driver 3
4.1.4 Driver 4
4.2. Challenges
4.2.1 Challenge 1
4.2.2 Challenge 2
4.3. Opportunities
4.3.1 Opportunity 1
4.3.2 Opportunity 2

5. Global Agrochemicals Market, by Type
5.1. Overview
5.2. Fertilizers
5.2.1 Global Fertilizers Market, by Type
5.2.1.1 Synthetic Market, by Region
5.2.1.1.1 North America Synthetic Market, by Country
5.2.1.1.2 Europe Synthetic Market, by Country
5.2.1.1.3 Asia-Pacific Synthetic Market, by Country
5.2.1.1.4 Rest of World Synthetic Market, by Country
5.2.1.2 Phosphatic Market, by Region
5.2.1.2.1 North America Phosphatic Market, by Country
5.2.1.2.2 Europe Phosphatic Market, by Country
5.2.1.2.3 Asia-Pacific Phosphatic Market, by Country
5.2.1.2.4 Rest of World Phosphatic Market, by Country
5.2.1.3 Potassic Market, by Region
5.2.1.3.1 North America Potassic Market, by Country
5.2.1.3.2 Europe Potassic Market, by Country
5.2.1.3.3 Asia-Pacific Potassic Market, by Country
5.2.1.3.4 Rest of World Potassic Market, by Country
5.2.1.4 Biofertilizers Market, by Region
5.2.1.4.1 North America Biofertilizers Market, by Country
5.2.1.4.2 Europe Biofertilizers Market, by Country
5.2.1.4.3 Asia-Pacific Biofertilizers Market, by Country
5.2.1.4.4 Rest of World Biofertilizers Market, by Country
5.2.2 Fertilizers Market, by Region
5.2.2.1 North America Fertilizers Market, by Country
5.2.2.2 Europe Fertilizers Market, by Country
5.2.2.3 Asia-Pacific Fertilizers Market, by Country
5.2.2.4 Rest of World Fertilizers Market, by Country
5.3. Pesticides
5.3.1 Global Pesticides Market, by Type
5.3.1.1 Herbicides Market, by Region
5.3.1.1.1 North America Herbicides Market, by Country
5.3.1.1.2 Europe Herbicides Market, by Country
5.3.1.1.3 Asia-Pacific Herbicides Market, by Country
5.3.1.1.4 Rest of World Herbicides Market, by Country
5.3.1.2 Bioherbicides Market, by Region
5.3.1.2.1 North America Bioherbicides Market, by Country
5.3.1.2.2 Europe Bioherbicides Market, by Country
5.3.1.2.3 Asia-Pacific Bioherbicides Market, by Country
5.3.1.2.4 Rest of World Bioherbicides Market, by Country
5.3.1.3 Insecticides Market, by Region
5.3.1.3.1 North America Insecticides Market, by Country
5.3.1.3.2 Europe Insecticides Market, by Country
5.3.1.3.3 Asia-Pacific Insecticides Market, by Country
5.3.1.3.4 Rest of World Insecticides Market, by Country
5.3.1.4 Fungicides Market, by Region
5.3.1.4.1 North America Fungicides Market, by Country
5.3.1.4.2 Europe Fungicides Market, by Country
5.3.1.4.3 Asia-Pacific Fungicides Market, by Country
5.3.1.4.4 Rest of World Fungicides Market, by Country
5.3.1.5 Synthetic Fungicides Market, by Region
5.3.1.5.1 North America Synthetic Fungicides Market, by Country
5.3.1.5.2 Europe Synthetic Fungicides Market, by Country
5.3.1.5.3 Asia-Pacific Synthetic Fungicides Market, by Country
5.3.1.5.4 Rest of World Synthetic Fungicides Market, by Country
5.3.1.6 Bio Fungicides Market, by Region
5.3.1.6.1 North America Bio Fungicides Market, by Country
5.3.1.6.2 Europe Bio Fungicides Market, by Country
5.3.1.6.3 Asia-Pacific Bio Fungicides Market, by Country
5.3.1.6.4 Rest of World Bio Fungicides Market, by Country
5.3.2 Pesticides Market, by Region
5.3.2.1 North America Pesticides Market, by Country
5.3.2.2 Europe Pesticides Market, by Country
5.3.2.3 Asia-Pacific Pesticides Market, by Country
5.3.2.4 Rest of World Pesticides Market, by Country
5.4. Others
5.4.1 Others Market, by Region
5.4.1.1 North America Others Market, by Country
5.4.1.2 Europe Others Market, by Country
5.4.1.3 Asia-Pacific Others Market, by Country
5.4.1.4 Rest of World Others Market, by Country

6. Global Agrochemicals Market, by Region
6.1. Overview
6.2. North America
6.2.1 North America Agrochemicals Market, by Type
6.2.1.1 North America Fertilizers Market, by Type
6.2.1.2 North America Pesticides Market, by Type
6.2.2 North America Agrochemicals, Market by Country
6.2.2.1 U.S
6.2.2.1.1 U.S Agrochemicals Market, by Type
6.2.2.1.1.1. U.S Fertilizers Market, by Type
6.2.2.1.1.2. U.S Pesticides Market, by Type
6.2.2.2 Canada
6.2.2.2.1 Canada Agrochemicals Market, by Type
6.2.2.2.1.1. Canada Fertilizers Market, by Type
6.2.2.2.1.2. Canada Pesticides Market, by Type
6.2.2.3 Mexico
6.2.2.3.1 Mexico Agrochemicals Market, by Type
6.2.2.3.1.1. Mexico Fertilizers Market, by Type
6.2.2.3.1.2. Mexico Pesticides Market, by Type
6.3. Europe
6.3.1 Europe Agrochemicals Market, by Type
6.3.1.1 Europe Fertilizers Market, by Type
6.3.1.2 Europe Pesticides Market, by Type
6.3.2 Europe Agrochemicals, Market by Country
6.3.2.1 Spain
6.3.2.1.1 Spain Agrochemicals Market, by Type
6.3.2.1.1.1. Spain Fertilizers Market, by Type
6.3.2.1.1.2. Spain Pesticides Market, by Type
6.3.2.2 Germany
6.3.2.2.1 Germany Agrochemicals Market, by Type
6.3.2.2.1.1. Germany Fertilizers Market, by Type
6.3.2.2.1.2. Germany Pesticides Market, by Type
6.3.2.3 France
6.3.2.3.1 France Agrochemicals Market, by Type
6.3.2.3.1.1. France Fertilizers Market, by Type
6.3.2.3.1.2. France Pesticides Market, by Type
6.3.2.3.2 Italy Agrochemicals Market, by Type
6.3.2.3.2.1. Italy Fertilizers Market, by Type
6.3.2.3.2.2. Italy Pesticides Market, by Type
6.3.2.4 Rest of Europe
6.3.2.4.1 Rest of Europe Agrochemicals Market, by Type
6.3.2.4.1.1. Rest of Europe Fertilizers Market, by Type
6.3.2.4.1.2. Rest of Europe Pesticides Market, by Type
6.4. Asia-Pacific
6.4.1 Asia-Pacific Agrochemicals Market, by Type
6.4.1.1 Asia-Pacific Fertilizers Market, by Type
6.4.1.2 Asia-Pacific Pesticides Market, by Type
6.4.2 Asia-Pacific Agrochemicals, Market by Country
6.4.2.1 China
6.4.2.1.1 China Agrochemicals Market, by Type
6.4.2.1.1.1. China Fertilizers Market, by Type
6.4.2.1.1.2. China Pesticides Market, by Type
6.4.2.2 Australia
6.4.2.2.1 Australia Agrochemicals Market, by Type
6.4.2.2.1.1. Australia Fertilizers Market, by Type
6.4.2.2.1.2. Australia Pesticides Market, by Type
6.4.2.3 India
6.4.2.3.1 India Agrochemicals Market, by Type
6.4.2.3.1.1. India Fertilizers Market, by Type
6.4.2.3.1.2. India Pesticides Market, by Type
6.4.2.4 Rest of Asia-Pacific
6.4.2.4.1 Rest of Asia-Pacific Agrochemicals Market, by Type
6.4.2.4.1.1. Rest of Asia-Pacific Fertilizers Market, by Type
6.4.2.4.1.2. Rest of Asia-Pacific Pesticides Market, by Type
6.5. Rest of World
6.5.1 Rest of World Agrochemicals Market, by Type
6.5.1.1 Rest of World Fertilizers Market, by Type
6.5.1.2 Rest of World Pesticides Market, by Type
6.5.2 Rest of World Agrochemicals, Market by Country
6.5.2.1 Latin America
6.5.2.1.1 Latin America Agrochemicals Market, by Type
6.5.2.1.1.1. Latin America Fertilizers Market, by Type
6.5.2.1.1.2. Latin America Pesticides Market, by Type
6.5.2.2 Middle East
6.5.2.2.1 Middle East Agrochemicals Market, by Type
6.5.2.2.1.1. Middle East Fertilizers Market, by Type
6.5.2.2.1.2. Middle East Pesticides Market, by Type
6.5.2.3 Africa
6.5.2.3.1 Africa Agrochemicals Market, by Type
6.5.2.3.1.1. Africa Fertilizers Market, by Type
6.5.2.3.1.2. Africa Pesticides Market, by Type

7. Company Profiles
7.1. Agrium Inc
7.1.1 Company Overview
7.1.2 Company Snapshot
7.1.3 Operating Business Segments
7.1.4 Product Portfolio
7.1.5 Business Performance
7.1.6 Key Strategic Moves and Development
7.2. Basf Se
7.2.1 Company Overview
7.2.2 Company Snapshot
7.2.3 Operating Business Segments
7.2.4 Product Portfolio
7.2.5 Business Performance
7.2.6 Key Strategic Moves and Development
7.3. Bayer AG
7.3.1 Company Overview
7.3.2 Company Snapshot
7.3.3 Operating Business Segments
7.3.4 Product Portfolio
7.3.5 Business Performance
7.3.6 Key Strategic Moves and Development
7.4. Dow Agrosciences LLC
7.4.1 Company Overview
7.4.2 Company Snapshot
7.4.3 Operating Business Segments
7.4.4 Product Portfolio
7.4.5 Business Performance
7.4.6 Key Strategic Moves and Development
7.5. E.I.Du Pont Nemours and Company
7.5.1 Company Overview
7.5.2 Company Snapshot
7.5.3 Operating Business Segments
7.5.4 Product Portfolio
7.5.5 Business Performance
7.5.6 Key Strategic Moves and Development
7.6. Monsanto Company
7.6.1 Company Overview
7.6.2 Company Snapshot
7.6.3 Operating Business Segments
7.6.4 Product Portfolio
7.6.5 Business Performance
7.6.6 Key Strategic Moves and Development
7.7. Sumitomo Chemical Co.
7.7.1 Company Overview
7.7.2 Company Snapshot
7.7.3 Operating Business Segments
7.7.4 Product Portfolio
7.7.5 Business Performance
7.7.6 Key Strategic Moves and Development
7.8. Syngenta AG
7.8.1 Company Overview
7.8.2 Company Snapshot
7.8.3 Operating Business Segments
7.8.4 Product Portfolio
7.8.5 Business Performance
7.8.6 Key Strategic Moves and Development
7.9. The Mosaic Co.
7.9.1 Company Overview
7.9.2 Company Snapshot
7.9.3 Operating Business Segments
7.9.4 Product Portfolio
7.9.5 Business Performance
7.9.6 Key Strategic Moves and Development
7.10. Yara International Asa
7.10.1 Company Overview
7.10.2 Company Snapshot
7.10.3 Operating Business Segments
7.10.4 Product Portfolio
7.10.5 Business Performance
7.10.6 Key Strategic Moves and Development
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Agrium Inc.
  • BASF SE
  • Bayer AG
  • Dow AgroSciences LLC
  • Monsanto Company
  • Sumitomo Chemical Co.
Agrochemicals Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2030-Surging demand for agricultural produce, and rising awareness about the advantages of agrochemicals such as high yield, reduced crop losses, improved protection of crop are driving the Global Agrochemicals Market.

Agrochemicals are a combination of different types of chemicals used in agriculture. They increase the production and quality of crops. Agrochemicals prevent the loss of crop caused by various organisms such as insects, pest, weeds, and disease, and provide additional important nutrients to the crops. Agrochemicals can be manufactured synthetically or biologically.

The global agrochemicals market is segmented based on type and geography. On the basis of type, the market is segregated into fertilizers and pesticides. The fertilizer segment is divided into synthetic fertilizers, phosphatic, potassic, and biofertilizers. The synthetic fertilizers segment is categorized into nitrogenous, urea, ammonia, calcium ammonium nitrate, and other nitrogenous fertilizers. The phosphatic sub-segment classified into di-ammonium phosphate (DAP), mono-ammonium phosphate (MAP), triple superphosphate (TSP), and other phosphatic fertilizers. The potassic sub-segment divided into potassium chloride, potassium sulphate, potassium magnesium sulphate, and others.

The pesticides segment is fragmented into herbicides, insecticides, and fungicides. The herbicides segment is bifurcated into synthetic herbicides and bio-herbicides. The synthetic herbicides sub-segment is classified as glyphosate, atrazine, acetochlor, 2,4-D, paraquat, and others. The insecticides segment is classified as synthetic insecticides and bio insecticides. The synthetic insecticides sub-segment is divided into organophosphates, pyrethroids, methyl carbamates, neonicotinoids, and others. The fungicides segment segregated into bifurcated into synthetic fungicides and bio-fungicides. The synthetic fungicides segment is segregated into dithiocarbamates, benzimidazoles, chloronitriles, triazoles, phenylamides, strobilurins, and others. In terms of geography, the global agrochemicals market is categorized as North America, Europe, Asia-Pacific, and Rest of the World (RoW). These regions are segmented into major countries including the US, the UK, and France.
Note: Product cover images may vary from those shown
  • Bayer AG
  • Agrium Inc.
  • BASF SE
  • Dow AgroSciences LLC
  • Monsanto Company
  • E. I. du Pont Nemours and Company
  • Syngenta AG
  • Sumitomo Chemical Co.
  • Yara International ASA
  • The Mosaic Co
Note: Product cover images may vary from those shown
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