Agrochemicals Market Size, Trends, Demand, Growth and Analysis 2023-2028
Agrochemicals Market Outlook:
Agrochemicals are chemical compounds that protect and improve the quality of farm products. They assist in safeguarding the produce from pests, weeds, and fungi and enhancing the overall yield. They also aid in preventing diseases and mitigating nutrient deficiencies in plants. As a result, they are extensively applied on the crops of grains, cereals, oilseeds, pulses, fruits, and vegetables worldwide.
The global agrochemicals market size reached US$ 277.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 347.3 Billion by 2028, exhibiting a growth rate (CAGR) of 3.2% during 2023-2028.
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Agrochemicals Market Trends:
The thriving agriculture sector and the increasing preference for natural food products among individuals represent one of the key factors strengthening the market growth. Moreover, due to the considerable rise in concerns about agriculture sustainability and soil health, leading players are introducing environment-friendly, more efficient, and cost-effective agrochemical variants. This, in confluence with the escalating demand for exotic flowers, fruits and vegetables that are grown in controlled environments and specific nutritional content in the soil, is acting as another growth-inducing factor. Furthermore, inflating income levels and the implementation of favorable government policies are driving the market.
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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players:
- BASF SE
- Bayer AG
- Corteva Inc.
- Dow Inc.FMC Corporation
- Nufarm Ltd
- Nutrien Ltd
- Syngenta Group
- The Archer-Daniels-Midland Company
- Yara International ASA.
Key Market Segmentation:
The report has categorized the market based on fertilizer type, pesticide type and crop type.
Breakup by Fertilizer Type:
- Nitrogen Fertilizer
- Phosphatic Fertilizer
- Potassic Fertilizer
- Others
Breakup by Pesticide Type:
- Fungicides
- Herbicides
- Insecticides
- Others
Breakup by Crop Type:
- Cereals and Grains
- Oilseeds and Pulses
- Fruits and Vegetables
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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