+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Agrochemicals Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region

  • PDF Icon

    Report

  • 228 Pages
  • March 2024
  • Region: Global
  • Fairfield Market Research
  • ID: 5952632
Global Agrochemicals market is poised for substantial growth, projected to reach a remarkable $290 billion by the end of 2031, growing at a Compound Annual Growth Rate (CAGR) of 4.9%. This surge is largely driven by the escalating demand for pesticides and the increasing preference for liquid agrochemicals, according to recent studies.

Feeding a Growing Population: The Role of Agrochemicals

Rapid population growth worldwide has led to increased food consumption, driving up demand for agricultural products. Consequently, there's been a rise in the utilization of agricultural chemicals to improve crop production, fostering advancements in the agriculture sector.

As a result, the use of agrochemicals like fertilizers and pesticides has become imperative to satisfy the expanding food demand, prompting a surge in demand for new technologies and innovations in the global agriculture industry. Agrochemicals play a crucial role in augmenting both crop yield and quality.

Pesticides to Lead Market Growth

By the end of the forecast period, the pesticides segment of agrochemicals is expected to experience significant growth, expanding to a considerable extent compared to its value in previous periods. This segment is projected to present a substantial incremental dollar opportunity over the forecast duration.

The Challenge of Shrinking Farmland

The diminishing area available for crop harvesting due to factors such as population growth, urbanization, and industrialization has led to an increasing need for improved yield per unit area of farmland.

Over recent years, the total crop area harvested has witnessed a notable decline, driven by a significant compound annual growth rate (CAGR). This decline reflects the impact of various factors such as urban expansion, industrial development, and the construction of infrastructure like roads and buildings.

In response to the challenge of maximizing yield in shrinking arable land and ensuring soil fertility, the fertilizers segment of the agrochemicals market is anticipated to grow steadily over the forecast period. This growth is fueled by the rising demand for enhanced crop yield and quality, alongside the necessity to maintain soil fertility, reflecting the ongoing imperative to optimize agricultural productivity.

Economic Growth Spurs Agricultural Development

According to IMF data, the global economy experienced growth in real GDP. Economic expansion not only enhances living standards but also boosts individuals' spending capacity. This increased spending power often prompts shifts in dietary preferences among the population.

The rise in food demand has outpaced population growth, primarily due to evolving eating habits. Consequently, this trend has fueled a heightened demand for fertilizers and pesticides in agriculture. These agrochemicals play vital roles in increasing crop yield, maintaining soil fertility, and improving overall production efficiency.

China and India: The Agrochemical Powerhouses

The production and consumption of agrochemicals in China and India are expected to undergo substantial growth during the forecast period. This growth is fueled by the increasing use of fertilizers, including nitrogen-based and potassium-based variants, in both countries.

China and India are significant exporters of agrochemicals to regions such as Latin America and the Asia Pacific, establishing a sturdy foundation for market growth by the end of the forecast period. Together, these countries are projected to experience a notable increase in value, showcasing their importance in the global agrochemicals market.

Moreover, the Asia Pacific region benefits from well-established production and distribution facilities, further bolstering growth opportunities. The rising consumption of nitrogen and potassium-based fertilizers in this region is expected to drive the expansion of the agrochemicals market in the Asia Pacific.

Navigating the Competitive Analysis:

The global Agrochemicals market is highly fragmented, with the top ten players collectively holding between 15% and 20% market share as of 2022. Key market developments include strategic acquisitions, collaborations, and expansions aimed at bolstering production capacities to meet the burgeoning demand.

Competitive analysis

  • Bayer AG
  • YARA International ASA
  • BASF SE
  • Israel Chemicals Ltd.
  • Nutrien Ltd.
  • FMC Corporation
  • The Mosaic Company
  • Fengro Industries Corp.
  • PhosAgro
  • DowDuPont Inc.
  • OCI N.V.
  • Fertilizantes Heringer S.A.
  • WinHarvest Pty Ltd
  • Syngenta AG
  • K+S KALI GmbH
  • Saudi Arabia Fertilizer Company (SAFCO)
  • Jordan Abyad Fertilizers and Chemicals Company
  • Others.

Global Agrochemicals Market is Segmented as Below:

By Product Type:

  • Fertilizers
  • Nitrogen Based
  • Potassium Based
  • Phosphorous based
  • Others
  • Pesticides
  • Insecticides
  • Fungicides
  • Herbicides
  • Bactericides
  • Others
  • Others (Soil Conditioners, acidifying agents etc.)

By Crop Type

  • Cereals
  • Pulses and Oilseeds
  • Fruits and Vegetables
  • Lawns and Turfs
  • Others

By Form

  • Paints & Coatings
  • Pesticides
  • Chemicals
  • Gasoline
  • Printing, Rubber & Leather

By Region:

  • North America
  • Latin America
  • Europe
  • MEA
  • Asia Pacific


This product will be delivered within 1-3 business days.

Table of Contents

1. Executive Summary
1.1. Global Agrochemicals Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2024
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Agrochemicals Market Outlook, 2018 - 2031
3.1. Global Agrochemicals Market Outlook, by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
3.1.1. Key Highlights
3.1.1.1. Fertilizer
3.1.1.1.1. Nitrogenous
3.1.1.1.2. Phosphatic
3.1.1.1.3. Potassic
3.1.1.1.4. Others
3.1.1.2. Secondary Fertilizers (Calcium, Magnesium, and Sulfur Fertilizers)
3.1.1.2.1. Crop Protection Chemicals
3.1.1.2.2. Herbicides
3.1.1.2.3. Insecticides
3.1.1.2.4. Fungicides
3.1.1.2.5. Others
3.1.1.3. Plant Growth Regulators
3.1.1.4. Others
3.2. Global Agrochemicals Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
3.2.1. Key Highlights
3.2.1.1. Cereal & Grains
3.2.1.2. Oilseeds & Pulses
3.2.1.3. Fruits & Vegetables
3.2.1.4. Others
3.3. Global Agrochemicals Market Outlook, by Region, Value (US$ Bn) and Volume (Tons), 2018 - 2031
3.3.1. Key Highlights
3.3.1.1. North America
3.3.1.2. Europe
3.3.1.3. Asia Pacific
3.3.1.4. Latin America
3.3.1.5. Middle East & Africa
4. North America Agrochemicals Market Outlook, 2018 - 2031
4.1. North America Agrochemicals Market Outlook, by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
4.1.1. Key Highlights
4.1.1.1. Fertilizer
4.1.1.1.1. Nitrogenous
4.1.1.1.2. Phosphatic
4.1.1.1.3. Potassic
4.1.1.1.4. Others
4.1.1.2. Secondary Fertilizers (Calcium, Magnesium, and Sulfur Fertilizers)
4.1.1.2.1. Crop Protection Chemicals
4.1.1.2.2. Herbicides
4.1.1.2.3. Insecticides
4.1.1.2.4. Fungicides
4.1.1.2.5. Others
4.1.1.3. Plant Growth Regulators
4.1.1.4. Others
4.2. North America Agrochemicals Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
4.2.1. Key Highlights
4.2.1.1. Cereal & Grains
4.2.1.2. Oilseeds & Pulses
4.2.1.3. Fruits & Vegetables
4.2.1.4. Others
4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Agrochemicals Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2018 - 2031
4.3.1. Key Highlights
4.3.1.1. U.S. Agrochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
4.3.1.2. U.S. Agrochemicals Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
4.3.1.3. Canada Agrochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
4.3.1.4. Canada Agrochemicals Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
4.3.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Agrochemicals Market Outlook, 2018 - 2031
5.1. Europe Agrochemicals Market Outlook, by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
5.1.1. Key Highlights
5.1.1.1. Fertilizer
5.1.1.1.1. Nitrogenous
5.1.1.1.2. Phosphatic
5.1.1.1.3. Potassic
5.1.1.1.4. Others
5.1.1.2. Secondary Fertilizers (Calcium, Magnesium, and Sulfur Fertilizers)
5.1.1.2.1. Crop Protection Chemicals
5.1.1.2.2. Herbicides
5.1.1.2.3. Insecticides
5.1.1.2.4. Fungicides
5.1.1.2.5. Others
5.1.1.3. Plant Growth Regulators
5.1.1.4. Others
5.2. Europe Agrochemicals Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
5.2.1. Key Highlights
5.2.1.1. Cereal & Grains
5.2.1.2. Oilseeds & Pulses
5.2.1.3. Fruits & Vegetables
5.2.1.4. Others
5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Agrochemicals Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2018 - 2031
5.3.1. Key Highlights
5.3.1.1. Germany Agrochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
5.3.1.2. Germany Agrochemicals Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
5.3.1.3. U.K. Agrochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
5.3.1.4. U.K. Agrochemicals Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
5.3.1.5. France Agrochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
5.3.1.6. France Agrochemicals Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
5.3.1.7. Italy Agrochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
5.3.1.8. Italy Agrochemicals Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
5.3.1.9. Turkey Agrochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
5.3.1.10. Turkey Agrochemicals Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
5.3.1.11. Russia Agrochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
5.3.1.12. Russia Agrochemicals Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
5.3.1.13. Rest of Europe Agrochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
5.3.1.14. Rest of Europe Agrochemicals Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
5.3.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Agrochemicals Market Outlook, 2018 - 2031
6.1. Asia Pacific Agrochemicals Market Outlook, by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
6.1.1. Key Highlights
6.1.2. Key Highlights
6.1.2.1. Fertilizer
6.1.2.1.1. Nitrogenous
6.1.2.1.2. Phosphatic
6.1.2.1.3. Potassic
6.1.2.1.4. Others
6.1.2.2. Secondary Fertilizers (Calcium, Magnesium, and Sulfur Fertilizers)
6.1.2.2.1. Crop Protection Chemicals
6.1.2.2.2. Herbicides
6.1.2.2.3. Insecticides
6.1.2.2.4. Fungicides
6.1.2.2.5. Others
6.1.2.3. Plant Growth Regulators
6.1.2.4. Others
6.2. Asia Pacific Agrochemicals Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
6.2.1. Key Highlights
6.2.1.1. Cereal & Grains
6.2.1.2. Oilseeds & Pulses
6.2.1.3. Fruits & Vegetables
6.2.1.4. Others
6.2.2. Others BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Agrochemicals Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2018 - 2031
6.3.1. Key Highlights
6.3.1.1. China Agrochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
6.3.1.2. China Agrochemicals Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
6.3.1.3. Japan Agrochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
6.3.1.4. Japan Agrochemicals Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
6.3.1.5. South Korea Agrochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
6.3.1.6. South Korea Agrochemicals Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
6.3.1.7. India Agrochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
6.3.1.8. India Agrochemicals Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
6.3.1.9. Southeast Asia Agrochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
6.3.1.10. Southeast Asia Agrochemicals Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
6.3.1.11. Rest of Asia Pacific Agrochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
6.3.1.12. Rest of Asia Pacific Agrochemicals Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
6.3.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Agrochemicals Market Outlook, 2018 - 2031
7.1. Latin America Agrochemicals Market Outlook, by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
7.1.1. Key Highlights
7.1.1.1. Fertilizer
7.1.1.1.1. Nitrogenous
7.1.1.1.2. Phosphatic
7.1.1.1.3. Potassic
7.1.1.1.4. Others
7.1.1.2. Secondary Fertilizers (Calcium, Magnesium, and Sulfur Fertilizers)
7.1.1.2.1. Crop Protection Chemicals
7.1.1.2.2. Herbicides
7.1.1.2.3. Insecticides
7.1.1.2.4. Fungicides
7.1.1.2.5. Others
7.1.1.3. Plant Growth Regulators
7.1.1.4. Others
7.2. Latin America Agrochemicals Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
7.2.1.1. Cereal & Grains
7.2.1.2. Oilseeds & Pulses
7.2.1.3. Fruits & Vegetables
7.2.1.4. Others
7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Agrochemicals Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2018 - 2031
7.3.1. Key Highlights
7.3.1.1. Brazil Agrochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
7.3.1.2. Brazil Agrochemicals Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
7.3.1.3. Mexico Agrochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
7.3.1.4. Mexico Agrochemicals Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
7.3.1.5. Argentina Agrochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
7.3.1.6. Argentina Agrochemicals Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
7.3.1.7. Rest of Latin America Agrochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
7.3.1.8. Rest of Latin America Agrochemicals Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
7.3.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Agrochemicals Market Outlook, 2018 - 2031
8.1. Middle East & Africa Agrochemicals Market Outlook, by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
8.1.1. Key Highlights
8.1.1.1. Fertilizer
8.1.1.1.1. Nitrogenous
8.1.1.1.2. Phosphatic
8.1.1.1.3. Potassic
8.1.1.1.4. Others
8.1.1.2. Secondary Fertilizers (Calcium, Magnesium, and Sulfur Fertilizers)
8.1.1.2.1. Crop Protection Chemicals
8.1.1.2.2. Herbicides
8.1.1.2.3. Insecticides
8.1.1.2.4. Fungicides
8.1.1.2.5. Others
8.1.1.3. Plant Growth Regulators
8.1.1.4. Others
8.2. Middle East & Africa Agrochemicals Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
8.2.1. Key Highlights
8.2.1.1. Cereal & Grains
8.2.1.2. Oilseeds & Pulses
8.2.1.3. Fruits & Vegetables
8.2.1.4. Others
8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Agrochemicals Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2018 - 2031
8.3.1. Key Highlights
8.3.1.1. GCC Agrochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
8.3.1.2. GCC Agrochemicals Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
8.3.1.3. South Africa Agrochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
8.3.1.4. South Africa Agrochemicals Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
8.3.1.5. Egypt Agrochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
8.3.1.6. Egypt Agrochemicals Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
8.3.1.7. Nigeria Agrochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
8.3.1.8. Nigeria Agrochemicals Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
8.3.1.9. Rest of Middle East & Africa Agrochemicals Market by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
8.3.1.10. Rest of Middle East & Africa Agrochemicals Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
8.3.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Manufacturer vs by Application Heatmap
9.2. Company Market Share Analysis, 2023
9.3. Competitive Dashboard
9.4. Company Profiles
9.4.1. Clariant AG
9.4.1.1. Company Overview
9.4.1.2. Product Portfolio
9.4.1.3. Financial Overview
9.4.1.4. Business Strategies and Development
9.4.2. BASF SE
9.4.2.1. Company Overview
9.4.2.2. Product Portfolio
9.4.2.3. Financial Overview
9.4.2.4. Business Strategies and Development
9.4.3. Huntsman International LLC
9.4.3.1. Company Overview
9.4.3.2. Product Portfolio
9.4.3.3. Financial Overview
9.4.3.4. Business Strategies and Development
9.4.4. Bayer AG
9.4.4.1. Company Overview
9.4.4.2. Product Portfolio
9.4.4.3. Financial Overview
9.4.4.4. Business Strategies and Development
9.4.5. The DOW Chemical Company
9.4.5.1. Company Overview
9.4.5.2. Product Portfolio
9.4.5.3. Financial Overview
9.4.5.4. Business Strategies and Development
9.4.6. Solvay
9.4.6.1. Company Overview
9.4.6.2. Product Portfolio
9.4.6.3. Financial Overview
9.4.6.4. Business Strategies and Development
9.4.7. Nufarm
9.4.7.1. Company Overview
9.4.7.2. Product Portfolio
9.4.7.3. Financial Overview
9.4.7.4. Business Strategies and Development
9.4.8. Croda International Plc
9.4.8.1. Company Overview
9.4.8.2. Product Portfolio
9.4.8.3. Financial Overview
9.4.8.4. Business Strategies and Development
9.4.9. Evonik Industries AG
9.4.9.1. Company Overview
9.4.9.2. Product Portfolio
9.4.9.3. Financial Overview
9.4.9.4. Business Strategies and Development
9.4.10. Helena Agri-Enterprises, LLC
9.4.10.1. Company Overview
9.4.10.2. Product Portfolio
9.4.10.3. Financial Overview
9.4.10.4. Business Strategies and Development
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Bayer AG
  • YARA International ASA
  • BASF SE
  • Israel Chemicals Ltd.
  • Nutrien Ltd.
  • FMC Corporation
  • The Mosaic Company
  • Fengro Industries Corp.
  • PhosAgro
  • DowDuPont Inc.
  • OCI N.V.
  • Fertilizantes Heringer S.A.
  • WinHarvest Pty Ltd
  • Syngenta AG
  • K+S KALI GmbH
  • Saudi Arabia Fertilizer Company (SAFCO)
  • Jordan Abyad Fertilizers and Chemicals Company
  • Others.

Methodology

Loading
LOADING...