Product Code: GVR-1-68038-935-7
Agrochemical Market Growth & Trends:
The global agrochemicals market size is anticipated to reach USD 390.17 billion by 2030, growing at a CAGR of 5.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The demand for agrochemicals is projected to be driven by a surging need for fertilizers and crop protection products in the agricultural sector on a global scale. The growing usage of fertilizers by farmers around the world to supply essential nutrients to crops and boost their productivity stands as a significant driver for the agrochemicals demand.
Due to the rapid population growth, farmers are facing the challenge of producing greater amounts of food grains within a limited timeframe. Additionally, the availability of arable lands has decreased due to urbanization, industrialization, and population growth, placing additional pressure on farmers to maximize crop yields within limited land resources. This is a significant concern for economies heavily reliant on agriculture, such as India. Consequently, farmers are compelled to use fertilizers, crop protection chemicals, and other agrochemicals to enhance their yields, thus boosting the product demand.
However, synthetic agrochemicals, including fertilizers, pesticides, and plant growth regulators, are commonly used in agriculture, but they can be harmful. Strict regulations, especially in Europe and North America, limit their use. Some countries, like Germany and the UK, support organic alternatives such as biofertilizers and biopesticides. Thus, regulatory bodies like REACH and the EPA hamper industry growth.
As the agrochemical market is influenced by a rise in regulations, there has been a robust demand for environment friendly products. This trend has led manufacturers to focus on developing bio-based agricultural products. For example, Marrone Bio Innovations uses naturally occurring microorganisms and plants to create high-performance, eco-friendly agricultural products that promote crop health and manage pests, weeds, and crop diseases.
Agrochemicals Market Report Highlights:
- Based on product, the crop protection chemicals segment is expected to witness the highest CAGR of 5.7% from 2024 to 2030. Crop protection chemicals include insecticides, fungicides, herbicides, and other products like rodenticides and bactericides. The increased utilization of these products in the agricultural sector, aimed at enhancing crop yields by safeguarding crops against pests and weed incursions, is a key driver of the market.
- Based on application, the fruits & vegetables segment is likely to grow at the highest CAGR of 6.0% from 2024 to 2030. This is mainly due to the increasing consumption of vegetarian foods globally. Additionally, the growing demand for fresh fruits and vegetables due to increasing health consciousness among consumers is a key driving factor.
- Asia Pacific is expected to witness the fastest growth of 6.1% from 2024 to 2030. The robust regional growth can be attributed to factors such as the expanding population, driving a heightened demand for nutritious food, as well as the increasing production of agricultural commodities in countries such as India, China, Japan, and Australia. Furthermore, India and China, both being agrarian and most populous economies with ample arable land, experience substantial demand for fertilizers.
- In October 2023, Bayer launched a bio-fungicide product, SERENADE SC, that boosts crop quality and yield, thereby offering an effective, safe, and eco-friendly crop protection solution for Vietnamese farmers
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Projection & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Global Agrochemicals Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Technology Trends
- 3.2.2. Sales Channel Analysis
- 3.3. Vendor Landscape
- 3.3.1. List of Raw Material Suppliers
- 3.3.2. List of Distributors/Channel Partners
- 3.4. List of Potential End-Users
- 3.5. Regulatory Framework
- 3.6. Price Trend Analysis, 2018 - 2030 (USD/Kg)
- 3.6.1. Factors Influencing Prices
- 3.7. Market Dynamics
- 3.7.1. Market Driver Analysis
- 3.7.2. Market Restraint Analysis
- 3.7.3. Industry Trend Analysis
- 3.8. Industry Analysis Tools
- 3.8.1. Porter's Five Forces Analysis
- 3.8.2. PESTEL Analysis
Chapter 4. Global Agrochemicals Market: Product Estimates & Trend Analysis
- 4.1. Product Movement Analysis & Market Share, 2023 & 2030
- 4.2. Global Agrochemicals Market Estimates & Forecast, By Product, 2018 to 2030 (Kilotons) (USD Million)
- 4.2.1. Fertilizers
- 4.2.1.1. Fertilizers Agrochemicals Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.1.2. Nitrogenous
- 4.2.1.2.1. Nitrogenous Fertilizers Agrochemicals Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.1.3. Phosphatic
- 4.2.1.3.1. Phosphatic Fertilizers Agrochemicals Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.1.4. Potassic
- 4.2.1.4.1. Potassic Fertilizers Agrochemicals Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.1.5. Secondary Fertilizers
- 4.2.1.5.1. Secondary Fertilizers Agrochemicals Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.1.6. Others
- 4.2.1.6.1. Other Agrochemicals Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.2. Crop Protection Chemicals
- 4.2.2.1. Crop Protection Chemicals Agrochemicals Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.2.2. Herbicides
- 4.2.2.2.1. Herbicides Agrochemicals Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.2.3. Insecticides
- 4.2.2.3.1. Insecticides Agrochemicals Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.2.4. Fungicides
- 4.2.2.4.1. Fungicides Agrochemicals Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.2.5. Others
- 4.2.2.5.1. Other Agrochemicals Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.3. Plant Growth Regulators
- 4.2.3.1. Crop Protection Chemicals Agrochemicals Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.4. Others
- 4.2.4.1. Crop Protection Chemicals Agrochemicals Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Global Agrochemicals Market: Application Estimates & Trend Analysis
- 5.1. Application Movement Analysis & Market Share, 2023 & 2030
- 5.2. Global Agrochemicals Market Estimates & Forecast, By Application, 2018 to 2030 (Kilotons) (USD Million)
- 5.2.1. Cereal & Grains
- 5.2.1.1. Global Agrochemicals Market Estimates and Forecasts, in Cereal & Grains, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.2. Oilseeds & Pulses
- 5.2.2.1. Global Agrochemicals Market Estimates and Forecasts, in Oilseeds & Pulses, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.3. Fruits & Vegetables
- 5.2.3.1. Global Agrochemicals Market Estimates and Forecasts, in Fruits & Vegetables, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.4. Others
- 5.2.4.1. Global Agrochemicals Market Estimates and Forecasts, in Others, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Global Agrochemicals Market: Regional Estimates & Trend Analysis
- 6.1. North America
- 6.1.1. North America Agrochemicals Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.1.2. U.S.
- 6.1.2.1. Key country dynamics
- 6.1.2.2. U.S. Agrochemicals Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.1.3. Canada
- 6.1.3.1. Key country dynamics
- 6.1.3.2. Canada Agrochemicals Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.1.4. Mexico
- 6.1.4.1. Key country dynamics
- 6.1.4.2. Mexico Agrochemicals Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.2. Europe
- 6.2.1. Europe Agrochemicals Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.2. Germany
- 6.2.2.1. Key country dynamics
- 6.2.2.2. Germany Agrochemicals Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.3. UK
- 6.2.3.1. Key country dynamics
- 6.2.3.2. UK Agrochemicals Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.4. France
- 6.2.4.1. Key country dynamics
- 6.2.4.2. France Agrochemicals Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.5. Italy
- 6.2.5.1. Key country dynamics
- 6.2.5.2. Italy Agrochemicals Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.6. Spain
- 6.2.6.1. Key country dynamics
- 6.2.6.2. Spain Agrochemicals Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3. Asia Pacific
- 6.3.1. Asia Pacific Agrochemicals Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.2. China
- 6.3.2.1. Key country dynamics
- 6.3.2.2. China Agrochemicals Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.3. India
- 6.3.3.1. Key country dynamics
- 6.3.3.2. India Agrochemicals Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4. Japan
- 6.3.4.1. Key country dynamics
- 6.3.4.2. Japan Agrochemicals Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5. Australia
- 6.3.5.1. Key country dynamics
- 6.3.5.2. Australia Agrochemicals Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4. Central & South America
- 6.4.1. Central & South America Agrochemicals Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.2. Brazil
- 6.4.2.1. Key country dynamics
- 6.4.2.2. Brazil Agrochemicals Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.3. Argentina
- 6.4.3.1. Key country dynamics
- 6.4.3.2. Argentina Agrochemicals Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4. Colombia
- 6.4.4.1. Key country dynamics
- 6.4.4.2. Colombia Agrochemicals Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5. Middle East & Africa
- 6.5.1. Middle East & Africa Agrochemicals Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.2. UAE
- 6.5.2.1. Key country dynamics
- 6.5.2.2. UAE Agrochemicals Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.3. Saudi Arabia
- 6.5.3.1. Key country dynamics
- 6.5.3.2. Saudi Arabia Agrochemicals Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4. South Africa
- 6.5.4.1. Key country dynamics
- 6.5.4.2. South Africa Agrochemicals Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 7. Global Agrochemicals Market - Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Strategy Mapping
- 7.4. Company Profiles (Business Overview, Financial Performance, Product Benchmarking)
- 7.4.1. Royal Dutch Shell plc
- 7.4.2. OCP Group
- 7.4.3. SABIC
- 7.4.4. PhosAgro
- 7.4.5. Yara International
- 7.4.6. Rashtriya Chemical Fertilizer Ltd.
- 7.4.7. Adjuvants Plus Inc.
- 7.4.8. Merck KGaA
- 7.4.9. Praxair Technology, Inc.
- 7.4.10. Southern Agricultural Insecticides, Inc.
- 7.4.11. NCP Chlorchem (Pty) Ltd
- 7.4.12. Ineos Group Ltd
- 7.4.13. Royal Dutch Shell plc
- 7.4.14. Graham Chemical Corporation
- 7.4.15. Evonik Industries
- 7.4.16. Cargill Incorporated
- 7.4.17. Targray Technology International Inc