Agrochemical Market Research Report – Forecast to 2027

Agrochemical Market Global Research Report By Type [Fertilizers (Potassic, Nitrogenous, Phosphatic), Pesticides (Fungicides, Insecticides, Herbicides, Bio-Pesticides)], Crop Type (Food Grains, Cash Crops, Horticulture Crops) Region - Forecast Till 2027

ID: MRFR/AGR/0265-HCR | February 2021 | Region: Global | 137 pages

Agrochemical Market Overview


The inorganic fertilizers and pesticides which improve the production of the crop are known as agrochemicals. The main function of agrochemicals is to manage the agricultural ecosystem and most of these applications are used in agriculture. Due to the rapid growth in the human population, the demand for food supply increases, and hence it needs to yield high crop production which needs to use agrochemicals to improve the crop yields.


COVID-19 Analysis of Agrochemical Market


As the COVID-19 impacts the various sectors very badly, it shows a negative impact on the agrochemical market too for a while. Before the spread of the coronavirus, the crop protection sector, the agrochemical business is in high demand along with its increasing growth. For the benefits of the agrochemical products, most of the farmers are preferring in their farming to prevent the damaging of crops and to increase productivity.


But due to the spread of the COVID-19, the government has imposed the lockdown which leads to various disruptions to the agriculture sector like the supply chain disruptions, lack of labor, restriction for market access, transportation bans, and lack of inventories in some regions. Most of the fertilizer and pesticide manufacturers are also facing a lot of issues like shortage of raw materials and lack of manpower that results in the reduction of manufacturing agrochemical products. After the completion of lockdowns, the rules and regulations by the government are removed and the agricultural activities have normalized and they can deliver their products to their targets. Rapidly the growth towards the agrochemical global market increases.


Market Dynamics:


Drivers:


Currently, the global population is more than 7 billion and is increasing more. The increasing population needs more production of crops during the review period. Apart, scarcity of land and water is also demanding the people use fertilizers and pesticides that help in growing multiple crops in certain areas which propel the growth of the agrochemical market. The growing adoption of agrochemicals in developing countries leads to boost the market growth. The advanced technologies in the agriculture sector may increase the growth. The increased effect of urbanization demands the farmers to use various agrochemicals as fertilizers and pesticides in farming for gaining land productivity and to maintain soil health. 


Restraint:


Growing environmental hazards from fertilizers and pesticides may restrain the growth of the agrochemical market during the assessment period. The growing demand for organic food products and rising usage of biofertilizers are hindering chemical fertilizers consumption and hence declines the market growth.


Opportunities:


Owing to the overuse of land for agricultural productivity, the land may lose its nutrients which are important to the growth of the crop. Nitrogenous fertilizers can solve this problem and increases market growth. With increasing investments in the agricultural sector, there will be a chance to develop fertilizing technology to improve crop yield by avoiding the pest attack and diseases caused by them. These factors may have an opportunity to accelerate the agrochemical market growth.


Challenges:


The overuse of agrochemicals in farming causes environmental deterioration and is also a challenge to aquatic and terrestrial ecosystems.


Global Agrochemicals market segment fertilizers product, by type 2016, (%)


 Agrochemicals Market


Source: MRFR Analysis


Study Objectives -



  • To provide detailed information about the agrochemical market structure along with various forecast segments and sub-segments for the next 10 years.

  • To provide the factors that are affecting the growth of the agrochemical market value.

  • To analyze the agrochemical industry analysis based on porter’s five force analysis, factors-price analysis, supply chain analysis, etc.

  • To provide history and forecast revenue segments and sub-segments of the agrochemical market revenue for the main geographies.

  • To provide the country-level analysis of the current agrochemical global market size and future prospective by statistically.

  • To provide country-level analysis of the agrochemical market industry growth by region, form, and application.

  • To provide a strategic profile of the prominent key players in the market, analyze their core competencies, statistics, and draw a agrochemical global market growth landscape.

  • To track and analyze new product developments, strategic alliances, and global agrochemical market research. 


Segment Overview:


The global agrochemical market has been divided into segments based on type, product type, crop type, and region.


Based on Type


The global agrochemical market based on type is divided into two types as pesticides and fertilizers.


Based on Product Type


Based on the fertilizers product type, the agrochemical market is classified into three types as potassic, nitrogenous, and phosphatic. Out of these segments, nitrogenous fertilizers are expected to account for the largest share of their rising usage in farming. These are used in the production of ammonium nitrate and urea. These help in yield enhancement.


Based on the pesticides product type, the market is segmented into fungicides, insecticides, herbicides, and bio-pesticides. Among these pesticides, the herbicides segment is predicted to account for the significant share of its growing adoption across the world. As the lack of workers in the developing countries to hand weed fields, they are facing a lot of problems. Herbicides solve the problem of shortage of hand weeders and also increases crop yields. 


Based on Crop Type


The agrochemical market by crop type is bifurcated into food grains, cash crops, plantation crops, and horticulture crops. Among them, the food grains segment is holding the largest agrochemical market share for the reason soil nutrient deficiencies may cause a reduction in yield production and less bioavailable nutrients in the crops like rice and others cereals. By using fertilizers, the rice crop yield increases and contains nutrients in harvested grains.


According to the report of the Food and Agriculture Organization of the United Nations, the production of cereal crops increases from 2000 to 2050 by 60%.


Based on Region


Regionally, the agrochemical market analysis is divided into Asia-Pacific, Europe, Latin America, North America, and the Middle East & Africa. Out of these regions, Asia-Pacific holds the significant market share for the presence of emerging economies like India and China which are highly subjected to farming and agro-based industries.


Regional Analysis


Globally, the agrochemical market region-wise is analyzed into Asia-Pacific, Latin America, North America, Europe, and the Middle East & Africa. Among these regions, Asia-Pacific is dominating the largest agrochemical market share for the presence of emerging economies like India and China which are mostly subjected to farming and agro-based industries and are highly populated for the food grain market. And is expected that the demand for food grains may accelerate the growth of the agrochemical global market in this region.


Moreover, these countries are the largest exporters and importers. The presence of the majority of the population in the Asia-Pacific region and the changing diet towards the globe are the major drivers to increase the growth in this region. The Middle East & Africa has emerged as the leading regions followed by Europe and North America. Due to the high consumption of bio-pesticides, growing food demand, and eco-friendly pesticides awareness, North America is anticipated to witness tremendous growth during the review period. Due to the growing expenditure in innovation and rising purchasing power of consumers, the demand for agrochemicals is expected to grow in various like Italy, Germany, Spain, France, U.K, and Russia.


Competitive Landscape


The prominent key players in the agrochemical market trends are the following:



  • The Mosaic Company (US)

  • Bayer CropScience Limited (Germany)

  • The Dow Chemical Company (US)

  • BASF SE (Germany)

  • Monsanto Company (US)

  • Syngenta AG (Switzerland)

  • Adama Agricultural Solutions Ltd (Israel)

  • Nufarm Limited (Australia)

  • Arysta Lifescience Corporation (Japan)

  • Crystal Crop Protection Pvt. Ltd. (India)


Recent Developments


  • In October 2020, one of the leading enterprises Syngenta Group acquired one of the leading biological companies Valagro by their business unit Syngenta Crop Protection. The high investments by the Syngenta Crop Protection result to shape the growth of the biologicals market by doubles the market size in the coming next five years.

  • In April 2020, a popular chemical company, Sumitomo Chemical announced the acquisition of four South American Subsidiaries of Nufarm. Sumitomo Chemical Company by using this acquisition build development of a sound and sales network of crop protection products in South America along with the world’s largest crop protection market, Brazil. 

  • In March 2019, K+S took an agreement with the Australian Company, Kalium Lakes for the acquisition of a higher-priced specialty fertilizer, 90,000 tonnes of specialty fertilizer potassium sulfate (SOP). Due to this agreement, the specialty business is expanded.


Report Overview:


Globally, the agrochemical market research report includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market scenario includes the agrochemical market drivers, restraints, challenges, and opportunities. The agrochemical global market forecast segments are type, product type, crop type, and region.


Segmentation Table


The agrochemical global market outlook has been segmented globally based on the type, product type, crop type, and region.


By Type


Pesticides and fertilizers.


By Product Type


By fertilizers, segments are potassic, nitrogenous, and phosphatic and by pesticides, the segments are fungicides, insecticides, herbicides, and bio-pesticides.


By Crop Type


Cash crops, plantation crops, food grains, and horticulture crops.


By Region


Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa are the four main geographies included in this market.



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Frequently Asked Questions (FAQ) :


The growing agriculture industry in developing regions such as the Middle East and Asia Pacific is a major driver for the agrochemical market.

The usage of environmentally unviable chemicals in some agrochemicals is a key restraint on the global agrochemicals market.

The development of biopesticides is a key trend in the global agrochemicals market.

The Middle East and Africa is the leading regional market for agrochemicals.

Key players in the market include BASF, The Mosaic Company, and Dow, among others.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Agrochemicals Market

5 Industry Overview of Global Agrochemicals Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Agrochemicals Market by Type

7.1 Introduction

7.2 Fertilizers

7.2.1. Market Estimates & Forecast, 2020-2027

7.2.2. Market Estimates & Forecast by Region, 2020-2027

7.2.3 Potassic,

7.2.3.1. Market Estimates & Forecast, 2020-2027

7.2.3.2. Market Estimates & Forecast by Region, 2020-2027

7.2.4 Nitrogenous

7.2.4.1. Market Estimates & Forecast, 2020-2027

7.2.4.2. Market Estimates & Forecast by Region, 2020-2027

7.2.5 Phosphatic

7.2.5.1. Market Estimates & Forecast, 2020-2027

7.2.5.2. Market Estimates & Forecast by Region, 2020-2027

7.3 Pesticides

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.3.3 Fungicides

7.3.3.1 Market Estimates & Forecast, 2020-2027

7.3.3.2 Market Estimates & Forecast by Region, 2020-2027

7.3.4 Insecticides

7.3.4.1 Market Estimates & Forecast, 2020-2027

7.3.4.2 Market Estimates & Forecast by Region, 2020-2027

7.3.5 Herbicides

7.3.5.1 Market Estimates & Forecast, 2020-2027

7.3.5.2 Market Estimates & Forecast by Region, 2020-2027

7.3.6 Bio-Pesticides

7.3.6.1 Market Estimates & Forecast, 2020-2027

7.3.6.2 Market Estimates & Forecast by Region, 2020-2027

7.3.7 Others

7.3.7.1 Market Estimates & Forecast, 2020-2027

7.3.7.2 Market Estimates & Forecast by Region, 2020-2027

8. Global Agrochemicals Market by Crop Type

8.1 Introduction

8.2 Food Grains

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Cash Crops

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

8.4 Horticulture Crops

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Region, 2020-2027

8.5 Plantation Crops

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Region, 2020-2027

9. Global Agrochemicals Market by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Type, 2020-2027

9.2.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.2.4 U.S.

9.2.4.1 Market Estimates & Forecast, 2020-2027

9.2.4.2 Market Estimates & Forecast by Type, 2020-2027

9.2.4.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.2.5 Canada

9.2.5.1 Market Estimates & Forecast, 2020-2027

9.2.5.2 Market Estimates & Forecast by Type, 2020-2027

9.2.5.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Type, 2020-2027

9.3.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2020-2027

9.3.4.2 Market Estimates & Forecast by Type, 2020-2027

9.3.4.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2020-2027

9.3.5.2 Market Estimates & Forecast by Type, 2020-2027

9.3.5.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2020-2027

9.3.6.2 Market Estimates & Forecast by Type, 2020-2027

9.3.6.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2020-2027

9.3.7.2 Market Estimates & Forecast by Type, 2020-2027

9.3.7.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.3.8 UK

9.3.8.1 Market Estimates & Forecast, 2020-2027

9.3.8.2 Market Estimates & Forecast by Type, 2020-2027

9.3.8.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.3.9 Russia

9.3.9.1 Market Estimates & Forecast, 2020-2027

9.3.9.2 Market Estimates & Forecast by Type, 2020-2027

9.3.9.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.3.10 Poland

9.3.10.1 Market Estimates & Forecast, 2020-2027

9.3.10.2 Market Estimates & Forecast by Type, 2020-2027

9.3.10.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.4 Asia Pacific

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Type, 2020-2027

9.4.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2020-2027

9.4.4.2 Market Estimates & Forecast by Type, 2020-2027

9.4.4.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.4.5 India

9.4.4.1 Market Estimates & Forecast, 2020-2027

9.4.4.2 Market Estimates & Forecast by Type, 2020-2027

9.4.4.3Market Estimates & Forecast by Crop Type, 2020-2027

9.4.5 Japan

9.4.5.1 Market Estimates & Forecast, 2020-2027

9.4.5.2 Market Estimates & Forecast by Type, 2020-2027

9.4.5.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.4.6 Australia

9.4.6.1 Market Estimates & Forecast, 2020-2027

9.4.6.2 Market Estimates & Forecast by Type, 2020-2027

9.4.6.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.4.7 New Zealand

9.4.7.1 Market Estimates & Forecast, 2020-2027

9.4.7.2 Market Estimates & Forecast by Type, 2020-2027

9.4.7.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.4.8 Rest of Asia Pacific

9.4.8.1 Market Estimates & Forecast, 2020-2027

9.4.8.2 Market Estimates & Forecast by Type, 2020-2027

9.4.8.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.5 The Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Type, 2020-2027

9.5.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.5.4 Turkey

9.5.4.1 Market Estimates & Forecast, 2020-2027

9.5.4.2 Market Estimates & Forecast by Type, 2020-2027

9.5.4.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2020-2027

9.5.5.2 Market Estimates & Forecast by Type, 2020-2027

9.5.5.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.5.6 North Africa

9.5.6.1 Market Estimates & Forecast, 2020-2027

9.5.6.2 Market Estimates & Forecast by Type, 2020-2027

9.5.6.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2020-2027

9.5.7.2 Market Estimates & Forecast by Type, 2020-2027

9.5.7.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.5.8 Rest of Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2020-2027

9.5.8.2 Market Estimates & Forecast by Type, 2020-2027

9.5.8.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast by Type, 2020-2027

9.6.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2020-2027

9.6.4.2 Market Estimates & Forecast by Type, 2020-2027

9.6.4.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2020-2027

9.6.5.2 Market Estimates & Forecast by Type, 2020-2027

9.6.5.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2020-2027

9.6.6.2 Market Estimates & Forecast by Type, 2020-2027

9.6.6.3 Market Estimates & Forecast by Crop Type, 2020-2027

9.6.7 Rest of Latin America

9.6.7.1 Market Estimates & Forecast, 2020-2027

9.6.7.2 Market Estimates & Forecast by Type, 2020-2027

9.6.7.3 Market Estimates & Forecast by Crop Type, 2020-2027

10. Company Landscape

11. Company Profiles

11.1 The Mosaic Company

11.1.1 Company Overview

11.1.2 Type/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 Bayer CropScience Limited

11.2.1 Company Overview

11.2.2 Type/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 The Dow Chemical Company

11.3.1 Company Overview

11.3.2 Type/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 BASF SE

11.4.1 Company Overview

11.4.2 Type/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 Monsanto Company

11.5.1 Company Overview

11.5.2 Type/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 Syngenta AG

11.6.1 Company Overview

11.6.2 Type/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 Adama Agricultural Solutions Ltd

11.7.1 Company Overview

11.7.2 Type/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 Nufarm Limited

11.8.1 Company Overview

11.8.2 Type/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 Arysta LifeScience Corporation

11.9.1 Company Overview

11.9.2 Type/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.10 Crystal Crop Protection Pvt. Ltd

11.10.1 Company Overview

11.10.2 Type/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

12. Conclusion

LIST OF TABLES

Table 1 World Population by Major Regions (2020 To 2027)

Table 2 Global Agrochemicals Market: By Region, 2020-2027

Table 3 North America Agrochemicals Market: By Country, 2020-2027

Table 4 Europe Agrochemicals Market: By Country, 2020-2027

Table 5 Asia-Pacific Agrochemicals Market: By Country, 2020-2027

Table 7 Middle East & Africa Agrochemicals Market: By Country, 2020-2027

Table 6 Latin America Agrochemicals Market: By Country, 2020-2027

Table 8 Global Agrochemicals by Types Market: By Regions, 2020-2027

Table 9 North America Agrochemicals by Types Market: By Country, 2020-2027

Table 10 Europe Agrochemicals by Types Market: By Country, 2020-2027

Table11 Asia-Pacific Agrochemicals by Types Market: By Country, 2020-2027

Table13 Middle East & Africa Agrochemicals by Types Market: By Country, 2020-2027

Table12 Latin America Agrochemicals by Types Market: By Country, 2020-2027

Table14 North America Agrochemicals for Crop Type Market: By Country, 2020-2027

Table13 Europe Agrochemicals for Crop Type Market: By Country, 2020-2027

Table14 Asia-Pacific Agrochemicals for Crop Type Market: By Country, 2020-2027

Table16 Middle East & Africa Agrochemicals for Crop Type Market: By Country, 2020-2027

Table15 Latin America Agrochemicals for Crop Type Market: By Country, 2020-2027

Table23 Global Types Market: By Region, 2020-2027

Table24 Global Crop Type Market: By Region, 2020-2027

Table25 North America Agrochemicals Market, By Country

Table26 North America Agrochemicals Market, By Types

Table27 North America Agrochemicals Market, By Crop Type

Table28 Europe: Agrochemicals Market, By Country

Table29 Europe: Agrochemicals Market, By Types

Table30 Europe: Agrochemicals Market, By Crop Type

Table31 Asia-Pacific: Agrochemicals Market, By Country

Table32 Asia-Pacific: Agrochemicals Market, By Types

Table33 Asia-Pacific: Agrochemicals Market, By Crop Type

Table36 Middle East & Africa: Agrochemicals Market, By Country

Table37 Middle East & Africa Agrochemicals Market, By Types

Table33 Middle East & Africa: Agrochemicals Market, By Crop Type

Table34 Latin America: Agrochemicals Market, By Country

Table35 Latin America Agrochemicals Market, By Types

Table33 Latin America: Agrochemicals Market, By Crop Type

LIST OF FIGURES

FIGURE 1 Global Agrochemicals Market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Agrochemicals Market

FIGURE 4 Value Chain of Global Agrochemicals Market

FIGURE 5 Share of Global Agrochemicals Market in 2020, by country (in %)

FIGURE 6 Global Agrochemicals Market, 2020-2027,

FIGURE 7 Sub segments of Type

FIGURE 8 Global Agrochemicals Market size by Type, 2020

FIGURE 9 Share of Global Agrochemicals Market by Type, 2020 to 2027

FIGURE 10 Sub segments of Crop Type

FIGURE 11 Global Agrochemicals Market size by Crop Type, 2020

FIGURE 12 Share of Global Agrochemicals Market by Crop Type, 2020 to 2027