Global Agrochemicals Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product;

Fertilizers, Crop Protection Chemicals.

By Application;

Cereal & Grains, Oilseeds & Pulses.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn871963244 Published Date: February, 2024 Updated Date: March, 2024

Introduction

Global Agrochemicals Market (USD Million), 2020 - 2030

In the year 2023, the Global Agrochemicals Market was valued at USD 26,287.19 million. The size of this market is expected to increase to USD 32,771.93 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 3.2%.

The Global Agrochemicals Market stands at the forefront of modern agricultural practices, serving as a cornerstone for enhancing crop productivity, ensuring food security, and meeting the ever-growing demands of a burgeoning global population. Comprising a diverse array of chemical formulations and products, including fertilizers, pesticides, herbicides, and fungicides, this market segment plays a pivotal role in supporting farmers worldwide in their quest to optimize yields, combat pests and diseases, and improve overall crop quality.

The Global Agrochemicals Market addresses the critical challenge of maximizing agricultural output while simultaneously minimizing losses due to various biotic and abiotic stresses. From conventional chemical inputs to cutting-edge biotechnological innovations, agrochemicals provide farmers with a wide range of tools and solutions to address the myriad challenges encountered in modern agricultural production.

The significance of the agrochemicals market is underscored by its integral role in enabling sustainable agricultural practices. By leveraging advanced formulations and technologies, agrochemicals help farmers optimize resource utilization, reduce environmental impact, and enhance the efficiency of crop production systems. Moreover, agrochemicals play a vital role in safeguarding crop yields against the threats posed by pests, diseases, weeds, and adverse environmental conditions, thereby contributing to global food security and stability.

Agrochemicals also play a crucial role in supporting value-added agricultural sectors such as horticulture, floriculture, and specialty crop production. By providing tailored solutions for specific crops and cropping systems, agrochemical manufacturers enable farmers to meet the evolving demands of diverse markets and consumer preferences.

The market also faces challenges and criticisms, particularly concerning environmental sustainability, human health, and regulatory compliance. Heightened scrutiny and evolving consumer preferences are driving the industry towards greater transparency, accountability, and sustainability in agrochemical usage. As a result, agrochemical companies are increasingly focused on developing eco-friendly formulations, promoting integrated pest management practices, and adopting responsible stewardship practices to minimize environmental impact and ensure product safety.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Agrochemicals Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Population Growth and Food Security Concerns

        2. Technological Advancements in Agriculture

        3. Expansion of Arable Land under Cultivation

        4. Government Support and Subsidies

      2. Restraints
        1. Volatility in Commodity Prices and Input Costs

        2. Regulatory Challenges and Environmental Concerns

        3. Shift Towards Sustainable Agriculture Practices

      3. Opportunities
        1. Expansion in Emerging Markets

        2. Digital Agriculture and Precision Farming

        3. Focus on Specialty Crop Segments

        4. Integrated Pest Management (IPM) Solutions

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Agrochemicals Market, By Product, 2022 - 2032 (USD Million)
      1. Fertilizers
      2. Crop Protection Chemicals
    2. Global Agrochemicals Market, By Application, 2022 - 2032 (USD Million)
      1. Cereal & Grains
      2. Oilseeds & Pulses
    3. Global Agrochemicals Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Clariant AG

      2. BASF SE

      3. Huntsman International LLC

      4. Bayer AG

      5. The DOW Chemical Company

      6. Solvay

      7. Nufarm

      8. Evonik Industries AG

      9. Croda International Plc

      10. Helena Agri-Enterprises

      11. LLC; Ashland, Inc.

      12. Land O’ Lakes, Inc.

  7. Analyst Views
  8. Future Outlook of the Market

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