Research Reports And Consulting #Agrochemicals Market

The Agrochemicals Market is estimated to grow from USD 208.6 billion in 2020 and is projected to reach USD 246.1 billion by 2025, at a CAGR of 3.4% during the forecast period. Increasing demand for food supply due to the rapid growth in the human population has triggered agricultural intensification during the last few decades. For addressing the growing food demands, agrochemicals (fertilizers and diverse pesticides) are rigorously used in agriculture, which accomplishes the gap between food production and consumption. Agrochemicals play a vital role in crop growth, showing improved performance and noticeable results.

 Pesticides enable farmers to produce safe, quality foods at affordable prices. They also help farmers provide an abundance of nutritious, all-year-round foods, which are necessary for human health. While agrochemicals have been the major contributor for addressing the growing food demands globally, growing concern over the use of synthetic fertilizers and pesticides in agriculture has led to growth in the use of bio-based agrochemicals, such as bio-fungicides and bio-fertilizers, to protect crops and the environment. Hence, agrochemical manufacturing companies are constantly adapting to the changing demands by developing novel products and technologies. Unbalanced use of agrochemicals further causes environmental deterioration and poses severe challenges to aquatic and terrestrial ecosystems.

 Fruits and Vegetables, by crop application, is estimated to hold the largest share in the agrochemicals market during the forecast period 

With an increase in the number of health-conscious people in the Asia Pacific region, there has been a significant increase in the consumption of fruits, thus causing the demand for fruits to rise. This has compelled the farmers to use various agrochemicals to meet the increasing demand. Furthermore, the high export potential of fruits & vegetables has also led to an increase in production levels. This has propelled the requirement of nitrogenous fertilizers products for efficient usage of agricultural inputs to meet export quality standards. 

Asia Pacific is the fastest-growing market during the forecast period in the global market 

Being the largest as well as the most populous region in the world, Asia Pacific is one of the key agrochemicals market. However, it continues to remain untapped by major market players. The region accounted for almost 30% of the land available on Earth and nearly 60% of the human population, according to the World Bank. To meet the food requirement of this huge population, the use of pesticides has increased significantly in the region. India, Japan, Australia, and Thailand are the highest pesticide- consuming countries in the world. In addition to this, a decrease in arable land per person in India, China, and Southeast Asia countries is a very serious concern. This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the agrochemicals market. It consists of the profiles of leading companies such as Bayer (Germany), BASF (Germany), Yara International (Norway), Compass Minerals (US), and Syngenta (Switzerland), Adama Ltd (Israel), Sumitomo Chemicals (Japan), Nufarm Limited (Australia), UPL (India), K+S Group (Germany), and Israel Chemical Company (Israel).

The report "Agrochemicals Market by Pesticide Type (Herbicides, Insecticides, Fungicides), Fertilizer Type (Nitrogenous, Phosphatic, and Potassic), Crop Application (Cereals & Grains, Oilseeds, Fruits & Vegetables), and Region - Global Forecast to 2025", is estimated to grow from USD 208.6 billion in 2020 and is projected to reach USD 246.1 billion by 2025, at a CAGR of 3.4% during the forecast period. Increasing demand for food supply due to the rapid growth in the human population has triggered agricultural intensification during the last few decades. For addressing the growing food demands, agrochemicals (fertilizers and diverse pesticides) are rigorously used in agriculture, which accomplishes the gap between food production and consumption. 

Nitrogen fertilizer, by fertilizer type, is estimated to account for the largest market share during the forecast period

 Nitrogen fertilizers are the most widely used fertilizers in agricultural field. Amongst all nitrogen fertilizer, urea is the most used nitrogenous fertilizer in countries across the globe because of its high N content (46%N). Hence, it is one of the most widely used dry granular sources of nitrogen. It is preferred by the fertilizer manufacturing industry since it is relatively easy to manufacture. On a ton-for-ton basis, urea contains 35% more nitrogen than ammonium nitrate. This has implications on the storage and transport of nitrogen fertilizer products. Urea is considered a relatively stable product to store and transport, and it is for this reason that the transportation of urea is considered very cost-effective in comparison to its most common alternative, ammonium nitrate. Although urea often offers farmers the most nitrogen for the lowest price on the market, special steps must be taken when applying urea to the soil to prevent the loss of nitrogen through a chemical reaction. 

How much is the agrochemical industry worth?

Demand for agrochemicals market will generate a revenue of USD 246.1 billion by 2025.

 Asia Pacific is estimated to hold the largest market share during the forecast period 

The Asia Pacific agrochemicals market is fragmented among multinational companies and numerous small-scale manufacturers who produce fertilizers and pesticides depending on the crops cultivated. There are more global players in the market that are trying to enter the Asia Pacific region by undertaking mergers & acquisitions or partnerships. The demand for fertilizers and pesticides has been growing in this region due to the increasing investment of overseas business lines in agricultural inputs to exclusively meet the demand of crop growers for attaining export quality. 

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the agrochemicals market. It consists of the profiles of leading companies such as Bayer (Germany), BASF (Germany), Yara International (Norway), Compass Minerals (US), and Syngenta (Switzerland), Adama Ltd (Israel), Sumitomo Chemicals (Japan), Nufarm Limited (Australia), UPL (India), K+S Group (Germany), and Israel Chemical Company (Israel). Bayer (Germany) operates through four business segments, namely pharmaceuticals, consumer health, animal health, and crop science. 

The crop science division of the company has been working on introducing crop protection agrochemical products and digital solutions. The crop protection business offers a broad portfolio of highly effective herbicides, fungicides, insecticides, plant growth regulators, and seed treatment products with chemical or biological modes of action. The company provides extensive customer service to support sustainable agriculture. 

Bayer has a vast geographic reach and has marked its presence in more than 87 countries. It has a significant market share in Asia Pacific countries, which account for approximately 20% of the total annual revenue share. BASF SE (Germany) is a Germany-based chemical company. It operates through six segments, which include chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. It provides many agrochemical products such as herbicides, fungicides, insecticides, and seed treatment products that provide crops with higher resistance to diseases and pests to increase the potential yield. It has a strong focus on innovation and development. The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas, and Africa. BASF has customers in over 190 countries and supplies products to a wide variety of industries.

The Agrochemicals Market is estimated to grow from USD 208.6 billion in 2020 and is projected to reach USD 246.1 billion by 2025, at a CAGR of 3.4% during the forecast period. Increasing demand for food supply due to the rapid growth in the human population has triggered agricultural intensification during the last few decades. For addressing the growing food demands, agrochemicals (fertilizers and diverse pesticides) are rigorously used in agriculture, which accomplishes the gap between food production and consumption. Agrochemicals play a vital role in crop growth, showing improved performance and noticeable results. Pesticides enable farmers to produce safe, quality foods at affordable prices. 

They also help farmers provide an abundance of nutritious, all-year-round foods, which are necessary for human health. While agrochemicals have been the major contributor for addressing the growing food demands globally, growing concern over the use of synthetic fertilizers and pesticides in agriculture has led to growth in the use of bio-based agrochemicals, such as bio-fungicides and bio-fertilizers, to protect crops and the environment. Hence, agrochemical manufacturing companies are constantly adapting to the changing demands by developing novel products and technologies. Unbalanced use of agrochemicals further causes environmental deterioration and poses severe challenges to aquatic and terrestrial ecosystems. 

Fruits and Vegetables, by crop application, is estimated to hold the largest share in the agrochemicals market during the forecast period

 With an increase in the number of health-conscious people in the Asia Pacific region, there has been a significant increase in the consumption of fruits, thus causing the demand for fruits to rise. This has compelled the farmers to use various agrochemicals to meet the increasing demand. Furthermore, the high export potential of fruits & vegetables has also led to an increase in production levels. This has propelled the requirement of nitrogenous fertilizers products for efficient usage of agricultural inputs to meet export quality standards. 

Asia Pacific is the fastest-growing market during the forecast period in the global market 

Being the largest as well as the most populous region in the world, Asia Pacific is one of the key markets for agrochemicals. However, it continues to remain untapped by major market players. The region accounted for almost 30% of the land available on Earth and nearly 60% of the human population, according to the World Bank. To meet the food requirement of this huge population, the use of pesticides has increased significantly in the region. India, Japan, Australia, and Thailand are the highest pesticide- consuming countries in the world. In addition to this, a decrease in arable land per person in India, China, and Southeast Asia countries is a very serious concern. This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the agrochemicals market. 

It consists of the profiles of leading companies such as Bayer (Germany), BASF (Germany), Yara International (Norway), Compass Minerals (US), and Syngenta (Switzerland), Adama Ltd (Israel), Sumitomo Chemicals (Japan), Nufarm Limited (Australia), UPL (India), K+S Group (Germany), and Israel Chemical Company (Israel).

According to the new market research report “Agrochemicals Market by Pesticide Type (Herbicides, Insecticides, Fungicides), Fertilizer Type (Nitrogenous, Phosphatic, and Potassic), Crop Application (Cereals & Grains, Oilseeds, Fruits & Vegetables), and Region – Global Forecast to 2025″, published by MarketsandMarkets™, the Agrochemicals Market is estimated to grow from USD 208.6 billion in 2020 and is projected to reach USD 246.1 billion by 2025, at a CAGR of 3.4% during the forecast period. Increasing demand for food supply due to the rapid growth in the human population has triggered agricultural intensification during the last few decades. For addressing the growing food demands, agrochemicals (fertilizers and diverse pesticides) are rigorously used in agriculture, which accomplishes the gap between food production and consumption. 

Herbicides, by type, is estimated to hold the largest market share during the forecast period 

The market for agrochemicals, by pesticide type, has been segmented into insecticides, herbicides, fungicides and other. Herbicides accounted for the largest segment during the forecast period. This is attributed to the wide acceptance of herbicides in the cultivation of a variety of crops. They are convenient to use for crops such as sugarcane, rice, soybean, and cotton, among others. Rapidly advancing technology in the agricultural and allied sectors has also impacted conventional agricultural practices. It has made the use of external agents more efficient in terms of productivity. Using herbicides to eradicate weeds at an early stage helps increase the productivity and yield per unit, which has led to increased use by producers across the globe. Rising safety and environmental concerns have led to regulatory action in many countries, causing some restraints for the growth of the herbicides market. Major chemicals such as glyphosate and atrazine, among others, are regularly scrutinized, especially in Europe. However, considering the increasing use of herbicides, the market is very promising and is likely to expand. 

Fruits and Vegetables, by crop application, is estimated to hold the largest share in the agrochemicals market during the forecast period 

With an increase in the number of health-conscious people in the Asia Pacific region, there has been a significant increase in the consumption of fruits, thus causing the demand for fruits to rise. This has compelled the farmers to use various agrochemicals to meet the increasing demand. Furthermore, the high export potential of fruits & vegetables has also led to an increase in production levels. This has propelled the requirement of nitrogenous fertilizers products for efficient usage of agricultural inputs to meet export quality standards. 

Nitrogen fertilizer, by fertilizer type, is estimated to account for the largest market share during the forecast period 

Farmers occasionally need to add nitrogen fertilizers to their farms and gardens to make available just the precise nutrients for their plants’ growth. The nitrogenous fertilizer industry includes the production of synthetic ammonia, nitric acid, ammonium nitrate, and urea. Synthetic ammonia and nitric acid are used primarily as intermediates in the production of ammonium nitrate and urea fertilizers. The applications of inorganic nitrogen fertilizers to various crops have been continuously increasing since the last many decades globally. Although nitrogen fertilizer contributes substantially to yield enhancement, but excessive use of this manure has posed serious threats to the environment and human health. 

Asia Pacific is estimated to hold the largest market share during the forecast period 

The Asia Pacific agrochemicals market is fragmented among multinational companies and numerous small-scale manufacturers who produce fertilizers and pesticides depending on the crops cultivated. There are more global players in the market that are trying to enter the Asia Pacific region by undertaking mergers & acquisitions or partnerships. The demand for fertilizers and pesticides has been growing in this region due to the increasing investment of overseas business lines in agricultural inputs to exclusively meet the demand of crop growers for attaining export quality. 

Key Players: This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the agrochemicals market. It consists of the profiles of leading companies such as Bayer (Germany), BASF (Germany), Yara International (Norway), Compass Minerals (US), and Syngenta (Switzerland), Adama Ltd (Israel), Sumitomo Chemicals (Japan), Nufarm Limited (Australia), UPL (India), K+S Group (Germany), and Israel Chemical Company (Israel).

The global agrochemicals market size is estimated to grow from USD 208.6 billion in 2020 and is projected to reach USD 246.1 billion by 2025, at a CAGR of 3.4% during the forecast. Increasing demand for food supply due to the rapid growth in the human population has triggered agricultural intensification during the last few decades. For addressing the growing food demands, agrochemicals (fertilizers and diverse pesticides) are rigorously used in agriculture, which accomplishes the gap between food production and consumption. However, concurrently unbalanced use of agrochemicals also causes environmental deterioration and poses severe challenges to aquatic and terrestrial ecosystems. Various research studies have indicated that fertilizers and pesticides used in agriculture have been substantially increased in developed and developing countries in recent years for attaining maximum yields of crops.

COVID-19 impact on the agrochemicals market

The crop protection sector is in huge demand in recent years, with its increasing importance on the growth. This is because it has a lot to do with the well-being of the plants and the consumers. The components that are used in the production of agrochemicals are sometimes chemicals and sometimes biological species, which ultimately help in controlling the pests from damaging the crops or helps improve soil fertility. This results in healthy crop production with no health issues. With these concerns, farmers have started the usage of various agrochemicals to prevent damage and hence, increase productivity. Due to the emergence of the COVID-19 pandemic, there has been a supply chain disruption because of which the agricultural sector had to face problems such as labor unavailability, transportation barriers, restriction for market access, and lack of inventories in some regions. Many fertilizer and pesticide manufacturers were facing issues due to lack of raw material availability, which has led to the reduction of various agrochemical product manufacturing. Post COVID-19, the agricultural activities have normalized, which has helped the companies to deliver products to target locations. Agrochemicals, such as pesticides and fertilizers, play an important role, as they have been able to serve as an important solution for farmers across the globe.


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Global agrochemicals market dynamics

Drivers: Increasing adoption of agrochemicals in developing countries
Continuous advancements in the technology used in agriculture have led to a shift in farming practices. With the increased export and import of agricultural commodities across different geographies, especially in developing regions, new types of harmful organisms have emerged, leading to an increase in the demand for novel active ingredient products to safeguard crops.

Globalization of the agrochemical industry has a huge impact on the Asian crop protection markets. With the highest rate of population growth, increasing the need for food production, and economic growth, the demand for various agrochemicals such as herbicides and pesticides are increasing. While the demand for food products is increasing in the developing countries of Asia Pacific, the available landmass for agriculture is shrinking due to the increased effect of urbanization that propels farmers to use various agrochemicals to maintain soil health and increase land productivity.

Restriants: Growth of the organic fertilizer industry
The organic food industry witnessed high growth across the emerging countries, with increasing awareness regarding health, environment protection, food safety, and animal welfare reforms. The demand for organic food products is increasing, and according to the estimates of the Organic Trade Association, nearly 81% of American families reported to be purchasing organic food products at least once. The growing market demand for safe and healthy food products and improving per capita income are factors that are estimated to continue driving the organic food industry and increase the usage of biofertilizers, which, in turn, affects the consumption of chemical fertilizers.

Opportunities: Production of sustainable bio-based agricultural products
Due to the toxic ingredients contained in the chemicals agricultural products, their pollution levels are so high that they cause serious and, most of the time, fatal effects to the environment. These negative effects can be experienced from the production of the product to the consumption of the plants that these products have been applied on. Most biological products occur naturally, which reduces the cost of production, resulting in relatively cheaper prices compared to chemical pesticides, whose manufacturing cost is high. This results in the consumer footing the bill at a relatively costlier price. Records have shown that pests tend to become resistant to conventional pesticides, thus proving that it is not a long-term solution, something that never happens with the use of organic pesticides and fertilizers. Hence, the agrochemical manufacturing companies are constantly adapting to the changing demands by developing novel products and technologies. Bio-based products are one of the focus areas of agrochemical companies. With the increasing awareness of eco-friendly and sustainable products, bio-based agrochemicals are being increasingly developed as potential alternatives for synthetic chemicals in a variety of applications.

Challenges: Intense competition between players in the market
The market for agrochemicals is highly fragmented, comprising of a large number of big and small players. The majority of players in the market are located in the European region and offer a variety of products. With the growing demand for various agrochemical products, the major players in the market are focusing on R&D investments to launch products, which would cater to the requirements of the consumers. For instance, Compass minerals (US), Bayer (Germany), and Syngenta (Switzerland) launched a range of products to cater to the demand for new and effective pesticides to protect crops from various pests. The huge demand has also aided the growth of the distributors in the market who cater to the demand from niche markets.

Asia Pacific is the fastest-growing market during the forecast period in the global agrochemicals market
Being the largest as well as the most populous region in the world, Asia Pacific is one of the key markets for agrochemicals. However, it continues to remain untapped by major market players. The region accounted for almost 30% of the land available on Earth and nearly 60% of the human population, according to the World Bank. To meet the food requirement of this huge population, the use of pesticides has increased significantly in the region. India, Japan, Australia, and Thailand are the highest pesticide- consuming countries in the world. In addition to this, a decrease in arable land per person in India, China, and Southeast Asia countries is a very serious concern.

The increasing need for food crops in the region has fueled the use of pesticides to enhance crop yield. The use of pesticides is becoming a common practice in India, China, and other less-developed countries in the region, leading to growth in areas where there had previously been very little or no pesticide usage. However, the lack of awareness and advanced technology, adverse socio-economic conditions, and fragmented landholdings are the main hurdles for developing the crop protection chemicals market in the Asia Pacific region.

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Key participants in the agrochemicals market such as Bayer (Germany), BASF (Germany), Yara International (Norway), Compass Minerals (US), and Syngenta (Switzerland). These players have focused on strategies such as new product launches and expansions to gain a larger market share in the agrochemicals feed market. Some of the other dominant players in the market include Adama Ltd (Israel), Sumitomo Chemicals (Japan), Nufarm Limited (Australia), UPL (India), K+S Group (Germany), and Israel Chemical Company (Israel). The market for agrochemicals for the study has been segmented by fertilizer type, by pesticide type and by crop type.

According to the new market research report “Agrochemicals Market by Pesticide Type (Herbicides, Insecticides, Fungicides), Fertilizer Type (Nitrogenous, Phosphatic, and Potassic), Crop Application (Cereals & Grains, Oilseeds, Fruits & Vegetables), and Region – Global Forecast to 2025″, published by MarketsandMarkets™, the Agrochemicals Market is estimated to grow from USD 208.6 billion in 2020 and is projected to reach USD 246.1 billion by 2025, at a CAGR of 3.4% during the forecast period. 

Increasing demand for food supply due to the rapid growth in the human population has triggered agricultural intensification during the last few decades. For addressing the growing food demands, agrochemicals (fertilizers and diverse pesticides) are rigorously used in agriculture, which accomplishes the gap between food production and consumption.

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Herbicides, by type, is estimated to hold the largest market share during the forecast period

The market for agrochemicals, by pesticide type, has been segmented into insecticides, herbicides, fungicides and other. Herbicides accounted for the largest segment during the forecast period. This is attributed to the wide acceptance of herbicides in the cultivation of a variety of crops. They are convenient to use for crops such as sugarcane, rice, soybean, and cotton, among others. Rapidly advancing technology in the agricultural and allied sectors has also impacted conventional agricultural practices. It has made the use of external agents more efficient in terms of productivity. Using herbicides to eradicate weeds at an early stage helps increase the productivity and yield per unit, which has led to increased use by producers across the globe. Rising safety and environmental concerns have led to regulatory action in many countries, causing some restraints for the growth of the herbicides market. Major chemicals such as glyphosate and atrazine, among others, are regularly scrutinized, especially in Europe. However, considering the increasing use of herbicides, the market is very promising and is likely to expand.

Fruits and Vegetables, by crop application, is estimated to hold the largest share in the agrochemicals market during the forecast period

With an increase in the number of health-conscious people in the Asia Pacific region, there has been a significant increase in the consumption of fruits, thus causing the demand for fruits to rise. This has compelled the farmers to use various agrochemicals to meet the increasing demand. Furthermore, the high export potential of fruits & vegetables has also led to an increase in production levels. This has propelled the requirement of nitrogenous fertilizers products for efficient usage of agricultural inputs to meet export quality standards.

Nitrogen fertilizer, by fertilizer type, is estimated to account for the largest market share during the forecast period

Farmers occasionally need to add nitrogen fertilizers to their farms and gardens to make available just the precise nutrients for their plants’ growth. The nitrogenous fertilizer industry includes the production of synthetic ammonia, nitric acid, ammonium nitrate, and urea. Synthetic ammonia and nitric acid are used primarily as intermediates in the production of ammonium nitrate and urea fertilizers. The applications of inorganic nitrogen fertilizers to various crops have been continuously increasing since the last many decades globally. Although nitrogen fertilizer contributes substantially to yield enhancement, but excessive use of this manure has posed serious threats to the environment and human health.

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Asia Pacific is estimated to hold the largest market share during the forecast period

The Asia Pacific agrochemicals market is fragmented among multinational companies and numerous small-scale manufacturers who produce fertilizers and pesticides depending on the crops cultivated. There are more global players in the market that are trying to enter the Asia Pacific region by undertaking mergers & acquisitions or partnerships. The demand for fertilizers and pesticides has been growing in this region due to the increasing investment of overseas business lines in agricultural inputs to exclusively meet the demand of crop growers for attaining export quality.

Key Players:

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the agrochemicals market. It consists of the profiles of leading companies such as Bayer (Germany), BASF (Germany), Yara International (Norway), Compass Minerals (US), and Syngenta (Switzerland), Adama Ltd (Israel), Sumitomo Chemicals (Japan), Nufarm Limited (Australia), UPL (India), K+S Group (Germany), and Israel Chemical Company (Israel).

According to the new market research report "Agrochemicals Market by Pesticide Type (Herbicides, Insecticides, Fungicides), Fertilizer Type (Nitrogenous, Phosphatic, and Potassic), Crop Application (Cereals & Grains, Oilseeds, Fruits & Vegetables), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the Agrochemicals Market is estimated to grow from USD 208.6 billion in 2020 and is projected to reach USD 246.1 billion by 2025, at a CAGR of 3.4% during the forecast period. Increasing demand for food supply due to the rapid growth in the human population has triggered agricultural intensification during the last few decades. For addressing the growing food demands, agrochemicals (fertilizers and diverse pesticides) are rigorously used in agriculture, which accomplishes the gap between food production and consumption.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=132

Herbicides, by type, is estimated to hold the largest market share during the forecast period

The market for agrochemicals, by pesticide type, has been segmented into insecticides, herbicides, fungicides and other. Herbicides accounted for the largest segment during the forecast period. This is attributed to the wide acceptance of herbicides in the cultivation of a variety of crops. They are convenient to use for crops such as sugarcane, rice, soybean, and cotton, among others. Rapidly advancing technology in the agricultural and allied sectors has also impacted conventional agricultural practices. It has made the use of external agents more efficient in terms of productivity. Using herbicides to eradicate weeds at an early stage helps increase the productivity and yield per unit, which has led to increased use by producers across the globe. Rising safety and environmental concerns have led to regulatory action in many countries, causing some restraints for the growth of the herbicides market. Major chemicals such as glyphosate and atrazine, among others, are regularly scrutinized, especially in Europe. However, considering the increasing use of herbicides, the market is very promising and is likely to expand.

Fruits and Vegetables, by crop application, is estimated to hold the largest share in the agrochemicals market during the forecast period

With an increase in the number of health-conscious people in the Asia Pacific region, there has been a significant increase in the consumption of fruits, thus causing the demand for fruits to rise. This has compelled the farmers to use various agrochemicals to meet the increasing demand. Furthermore, the high export potential of fruits & vegetables has also led to an increase in production levels. This has propelled the requirement of nitrogenous fertilizers products for efficient usage of agricultural inputs to meet export quality standards.

Browse in-depth TOC on "Agrochemicals Market"

222 – Tables
74 – Figures
261 – Pages

Nitrogen fertilizer, by fertilizer type, is estimated to account for the largest market share during the forecast period

Farmers occasionally need to add nitrogen fertilizers to their farms and gardens to make available just the precise nutrients for their plants' growth. The nitrogenous fertilizer industry includes the production of synthetic ammonia, nitric acid, ammonium nitrate, and urea. Synthetic ammonia and nitric acid are used primarily as intermediates in the production of ammonium nitrate and urea fertilizers. The applications of inorganic nitrogen fertilizers to various crops have been continuously increasing since the last many decades globally. Although nitrogen fertilizer contributes substantially to yield enhancement, but excessive use of this manure has posed serious threats to the environment and human health.

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Asia Pacific is estimated to hold the largest market share during the forecast period

The Asia Pacific agrochemicals market is fragmented among multinational companies and numerous small-scale manufacturers who produce fertilizers and pesticides depending on the crops cultivated. There are more global players in the market that are trying to enter the Asia Pacific region by undertaking mergers & acquisitions or partnerships. The demand for fertilizers and pesticides has been growing in this region due to the increasing investment of overseas business lines in agricultural inputs to exclusively meet the demand of crop growers for attaining export quality.

Key Players:

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the agrochemicals market. It consists of the profiles of leading companies such as Bayer (Germany), BASF (Germany), Yara International (Norway), Compass Minerals (US), and Syngenta (Switzerland), Adama Ltd (Israel), Sumitomo Chemicals (Japan), Nufarm Limited (Australia), UPL (India), K+S Group (Germany), and Israel Chemical Company (Israel).

According to the new market research report "Agrochemicals Market by Pesticide Type (Herbicides, Insecticides, Fungicides), Fertilizer Type (Nitrogenous, Phosphatic, and Potassic), Crop Application (Cereals & Grains, Oilseeds, Fruits & Vegetables), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the Agrochemicals Market is estimated to grow from USD 208.6 billion in 2020 and is projected to reach USD 246.1 billion by 2025, at a CAGR of 3.4% during the forecast period. Increasing demand for food supply due to the rapid growth in the human population has triggered agricultural intensification during the last few decades. For addressing the growing food demands, agrochemicals (fertilizers and diverse pesticides) are rigorously used in agriculture, which accomplishes the gap between food production and consumption.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=132

Herbicides, by type, is estimated to hold the largest market share during the forecast period

The market for agrochemicals, by pesticide type, has been segmented into insecticides, herbicides, fungicides and other. Herbicides accounted for the largest segment during the forecast period. This is attributed to the wide acceptance of herbicides in the cultivation of a variety of crops. They are convenient to use for crops such as sugarcane, rice, soybean, and cotton, among others. Rapidly advancing technology in the agricultural and allied sectors has also impacted conventional agricultural practices. It has made the use of external agents more efficient in terms of productivity. Using herbicides to eradicate weeds at an early stage helps increase the productivity and yield per unit, which has led to increased use by producers across the globe. Rising safety and environmental concerns have led to regulatory action in many countries, causing some restraints for the growth of the herbicides market. Major chemicals such as glyphosate and atrazine, among others, are regularly scrutinized, especially in Europe. However, considering the increasing use of herbicides, the market is very promising and is likely to expand.

Fruits and Vegetables, by crop application, is estimated to hold the largest share in the agrochemicals market during the forecast period

With an increase in the number of health-conscious people in the Asia Pacific region, there has been a significant increase in the consumption of fruits, thus causing the demand for fruits to rise. This has compelled the farmers to use various agrochemicals to meet the increasing demand. Furthermore, the high export potential of fruits & vegetables has also led to an increase in production levels. This has propelled the requirement of nitrogenous fertilizers products for efficient usage of agricultural inputs to meet export quality standards.

Browse in-depth TOC on "Agrochemicals Market"

222 – Tables
74 – Figures
261 – Pages

Nitrogen fertilizer, by fertilizer type, is estimated to account for the largest market share during the forecast period

Farmers occasionally need to add nitrogen fertilizers to their farms and gardens to make available just the precise nutrients for their plants' growth. The nitrogenous fertilizer industry includes the production of synthetic ammonia, nitric acid, ammonium nitrate, and urea. Synthetic ammonia and nitric acid are used primarily as intermediates in the production of ammonium nitrate and urea fertilizers. The applications of inorganic nitrogen fertilizers to various crops have been continuously increasing since the last many decades globally. Although nitrogen fertilizer contributes substantially to yield enhancement, but excessive use of this manure has posed serious threats to the environment and human health.

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Asia Pacific is estimated to hold the largest market share during the forecast period

The Asia Pacific agrochemicals market is fragmented among multinational companies and numerous small-scale manufacturers who produce fertilizers and pesticides depending on the crops cultivated. There are more global players in the market that are trying to enter the Asia Pacific region by undertaking mergers & acquisitions or partnerships. The demand for fertilizers and pesticides has been growing in this region due to the increasing investment of overseas business lines in agricultural inputs to exclusively meet the demand of crop growers for attaining export quality.

Key Players:

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the agrochemicals market. It consists of the profiles of leading companies such as Bayer (Germany), BASF (Germany), Yara International (Norway), Compass Minerals (US), and Syngenta (Switzerland), Adama Ltd (Israel), Sumitomo Chemicals (Japan), Nufarm Limited (Australia), UPL (India), K+S Group (Germany), and Israel Chemical Company (Israel).

According to the new market research report "Agrochemicals Market by Pesticide Type (Herbicides, Insecticides, Fungicides), Fertilizer Type (Nitrogenous, Phosphatic, and Potassic), Crop Application (Cereals & Grains, Oilseeds, Fruits & Vegetables), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the Agrochemicals Market is estimated to grow from USD 208.6 billion in 2020 and is projected to reach USD 246.1 billion by 2025, at a CAGR of 3.4% during the forecast period. Increasing demand for food supply due to the rapid growth in the human population has triggered agricultural intensification during the last few decades. For addressing the growing food demands, agrochemicals (fertilizers and diverse pesticides) are rigorously used in agriculture, which accomplishes the gap between food production and consumption.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=132

Herbicides, by type, is estimated to hold the largest market share during the forecast period

The market for agrochemicals, by pesticide type, has been segmented into insecticides, herbicides, fungicides and other. Herbicides accounted for the largest segment during the forecast period. This is attributed to the wide acceptance of herbicides in the cultivation of a variety of crops. They are convenient to use for crops such as sugarcane, rice, soybean, and cotton, among others. Rapidly advancing technology in the agricultural and allied sectors has also impacted conventional agricultural practices. It has made the use of external agents more efficient in terms of productivity. Using herbicides to eradicate weeds at an early stage helps increase the productivity and yield per unit, which has led to increased use by producers across the globe. Rising safety and environmental concerns have led to regulatory action in many countries, causing some restraints for the growth of the herbicides market. Major chemicals such as glyphosate and atrazine, among others, are regularly scrutinized, especially in Europe. However, considering the increasing use of herbicides, the market is very promising and is likely to expand.

Fruits and Vegetables, by crop application, is estimated to hold the largest share in the agrochemicals market during the forecast period

With an increase in the number of health-conscious people in the Asia Pacific region, there has been a significant increase in the consumption of fruits, thus causing the demand for fruits to rise. This has compelled the farmers to use various agrochemicals to meet the increasing demand. Furthermore, the high export potential of fruits & vegetables has also led to an increase in production levels. This has propelled the requirement of nitrogenous fertilizers products for efficient usage of agricultural inputs to meet export quality standards.

Browse in-depth TOC on "Agrochemicals Market"

222 – Tables
74 – Figures
261 – Pages

Nitrogen fertilizer, by fertilizer type, is estimated to account for the largest market share during the forecast period

Farmers occasionally need to add nitrogen fertilizers to their farms and gardens to make available just the precise nutrients for their plants' growth. The nitrogenous fertilizer industry includes the production of synthetic ammonia, nitric acid, ammonium nitrate, and urea. Synthetic ammonia and nitric acid are used primarily as intermediates in the production of ammonium nitrate and urea fertilizers. The applications of inorganic nitrogen fertilizers to various crops have been continuously increasing since the last many decades globally. Although nitrogen fertilizer contributes substantially to yield enhancement, but excessive use of this manure has posed serious threats to the environment and human health.

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https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=132

Asia Pacific is estimated to hold the largest market share during the forecast period

The Asia Pacific agrochemicals market is fragmented among multinational companies and numerous small-scale manufacturers who produce fertilizers and pesticides depending on the crops cultivated. There are more global players in the market that are trying to enter the Asia Pacific region by undertaking mergers & acquisitions or partnerships. The demand for fertilizers and pesticides has been growing in this region due to the increasing investment of overseas business lines in agricultural inputs to exclusively meet the demand of crop growers for attaining export quality.

Key Players:

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the agrochemicals market. It consists of the profiles of leading companies such as Bayer (Germany), BASF (Germany), Yara International (Norway), Compass Minerals (US), and Syngenta (Switzerland), Adama Ltd (Israel), Sumitomo Chemicals (Japan), Nufarm Limited (Australia), UPL (India), K+S Group (Germany), and Israel Chemical Company (Israel).

According to the new market research report "Agrochemicals Market by Pesticide Type (Herbicides, Insecticides, Fungicides), Fertilizer Type (Nitrogenous, Phosphatic, and Potassic), Crop Application (Cereals & Grains, Oilseeds, Fruits & Vegetables), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the Agrochemicals Market is estimated to grow from USD 208.6 billion in 2020 and is projected to reach USD 246.1 billion by 2025, at a CAGR of 3.4% during the forecast period. Increasing demand for food supply due to the rapid growth in the human population has triggered agricultural intensification during the last few decades. For addressing the growing food demands, agrochemicals (fertilizers and diverse pesticides) are rigorously used in agriculture, which accomplishes the gap between food production and consumption.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=132

Herbicides, by type, is estimated to hold the largest market share during the forecast period

The market for agrochemicals, by pesticide type, has been segmented into insecticides, herbicides, fungicides and other. Herbicides accounted for the largest segment during the forecast period. This is attributed to the wide acceptance of herbicides in the cultivation of a variety of crops. They are convenient to use for crops such as sugarcane, rice, soybean, and cotton, among others. Rapidly advancing technology in the agricultural and allied sectors has also impacted conventional agricultural practices. It has made the use of external agents more efficient in terms of productivity. Using herbicides to eradicate weeds at an early stage helps increase the productivity and yield per unit, which has led to increased use by producers across the globe. Rising safety and environmental concerns have led to regulatory action in many countries, causing some restraints for the growth of the herbicides market. Major chemicals such as glyphosate and atrazine, among others, are regularly scrutinized, especially in Europe. However, considering the increasing use of herbicides, the market is very promising and is likely to expand.

Fruits and Vegetables, by crop application, is estimated to hold the largest share in the agrochemicals market during the forecast period

With an increase in the number of health-conscious people in the Asia Pacific region, there has been a significant increase in the consumption of fruits, thus causing the demand for fruits to rise. This has compelled the farmers to use various agrochemicals to meet the increasing demand. Furthermore, the high export potential of fruits & vegetables has also led to an increase in production levels. This has propelled the requirement of nitrogenous fertilizers products for efficient usage of agricultural inputs to meet export quality standards.

Browse in-depth TOC on "Agrochemicals Market"

222 – Tables
74 – Figures
261 – Pages

Nitrogen fertilizer, by fertilizer type, is estimated to account for the largest market share during the forecast period

Farmers occasionally need to add nitrogen fertilizers to their farms and gardens to make available just the precise nutrients for their plants' growth. The nitrogenous fertilizer industry includes the production of synthetic ammonia, nitric acid, ammonium nitrate, and urea. Synthetic ammonia and nitric acid are used primarily as intermediates in the production of ammonium nitrate and urea fertilizers. The applications of inorganic nitrogen fertilizers to various crops have been continuously increasing since the last many decades globally. Although nitrogen fertilizer contributes substantially to yield enhancement, but excessive use of this manure has posed serious threats to the environment and human health.

Request for Customization:
https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=132

Asia Pacific is estimated to hold the largest market share during the forecast period

The Asia Pacific agrochemicals market is fragmented among multinational companies and numerous small-scale manufacturers who produce fertilizers and pesticides depending on the crops cultivated. There are more global players in the market that are trying to enter the Asia Pacific region by undertaking mergers & acquisitions or partnerships. The demand for fertilizers and pesticides has been growing in this region due to the increasing investment of overseas business lines in agricultural inputs to exclusively meet the demand of crop growers for attaining export quality.

Key Players:

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the agrochemicals market. It consists of the profiles of leading companies such as Bayer (Germany), BASF (Germany), Yara International (Norway), Compass Minerals (US), and Syngenta (Switzerland), Adama Ltd (Israel), Sumitomo Chemicals (Japan), Nufarm Limited (Australia), UPL (India), K+S Group (Germany), and Israel Chemical Company (Israel).