The Business Research Company’s report on the AgroChemicals Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the agroChemicals market further?
The increasing population and consequent rise in food demand are expected to propel the growth of the agroChemicals market going forward. Food refers to the substance consisting of protein, carbohydrates, fat, and other nutrients used in the body of an organism for sustaining growth, and vital processes and furnishing energy. The steady growth in the population is directly proportional to food demand and growth in the agroChemicals market. For instance, in November 2022, according to United Nations, a US-based intergovernmental organization, the global population is projected to grow by almost 2 billion people over the next 30 years, rising from 8 billion today to 9.7 billion by 2050 . Also, according to Intechnopen, a UK-based publisher of journals and books, the global demand for food has been expected to increase by 70% by 2050. Therefore, the increasing population and consequent rise in food demand will drive the growth of the home infusion therapy market.
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What are the key factors influencing the forecasted market size of the agroChemicals Industry?
The agroChemicals market size has grown strongly in recent years. It will grow from $287.85 billion in 2024 to $311.48 billion in 2025 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to population growth, pest and disease pressure, regulatory environment, farming practices.
The agroChemicals market size is expected to see strong growth in the next few years. It will grow to $439.77 billion in 2029 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to climate change, sustainable agriculture, precision agriculture, emerging markets, resistance management. Major trends in the forecast period include technological advancements, digitalization and data analytics, crop protection innovations, market consolidation, organic and non-gmo movements, biotechnology and genetic engineering.
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Who are the leading competitors in the agroChemicals market?
Major companies operating in the agroChemicals market include Adama Agricultural Solutions Ltd., Agrium Inc., BASF SE, Bayer AG, Yara International ASA, The Mosaic Company, Israel Chemicals Ltd., FMC Corporation, E. I. du Pont Nemours and Company, Monsanto Company, Dow AgroSciences LLC, Land O’ Lakes Inc, Sumitomo Chemical Co Ltd, Zuari Agro Chemicals Ltd, Gharda Chemicals Limited, Nutrien Ag Solutions Limited, UPL Limited, Nufarm Limited, Corteva Agriscience Inc., Dhanuka Agritech Limited, Gowan Company LLC, Nissan Chemical Corporation, Isagro S. p. A., Rallis India Limited, Crystal Crop Protection Pvt. Ltd., Sinochem Group, Wynca Chemical Group Co. Ltd., Kumiai Chemical Industry Co. Ltd., PI Industries Limited, Indofil Industries Limited, Sipcam Oxon S. p. A., Hubei Sanonda Co. Ltd., Excel Crop Care Limited, Insecticides Limited, Redox Industries Limited, Jiangsu Agrochem Laboratory Co. Ltd., Sulphur Mills Limited
Which emerging trends are set to transform the agroChemicals market landscape?
Strategic partnerships and collaborations have emerged as the key trends gaining popularity in the agrochemical market. Major companies operating in the agroChemicals sector are looking for partnerships to strengthen their position in the market. For instance, in May 2024, Aarti Industries Limited, an India-based specialty Chemicals company, and UPL Limited, an India-based agrochemical company, announced a strategic partnership for the manufacturing and marketing of specialty Chemicals. This partnership focuses on manufacturing and marketing specialty chemical intermediates, particularly downstream derivatives of amines used in agroChemicals and paint industries. The purpose of this joint venture is to combine the strengths of both companies, enhance India’s chemical manufacturing capabilities, and support India’s ambition to be self-reliant in specialty Chemicals for global markets.
How do different geographies compare in terms of market share and growth potential in the agroChemicals market?
North America was the largest region in the agroChemicals market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agroChemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Which major segments of the agroChemicals market are experiencing the fastest growth?
The agroChemicals market covered in this report is segmented –
1) By Fertilizer Type: Nitrogen Fertilizer, Phosphatic Fertilizer, Potassic Fertilizer, Other Fertilizer Types
2) By Pesticide Type: Fungicides, Herbicides, Insecticides, Other Pesticide Types
3) By Application: Crop Based, Non-Crop Based
Subsegments:
1) By Nitrogen Fertilizer: Urea, Ammonium Nitrate, Calcium Ammonium Nitrate, Ammonium Sulfate, Other Nitrogen Sources
2) By Phosphatic Fertilizer: Diammonium Phosphate (DAP), Monoammonium Phosphate (MAP), Superphosphate (Single And Triple), Rock Phosphate
3) By Potassic Fertilizer: Muriate Of Potash (KCl), Sulfate Of Potash (K2SO4), Potassium Nitrate
4) By Other Fertilizer Types: Micronutrient Fertilizers, Organic Fertilizers, Slow-Release Fertilizers, Specialty Fertilizers
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How is the agroChemicals market defined?
The agrochemical refers to synthetic and commercially generated Chemicals that are employed in farming and to regulate ecosystems in agricultural areas. AgroChemicals contaminate the nearby lands and waterways and enter the food chain, where they cause bioaccumulation. Excessive usage of such pesticides produces a sizable number of residues, which has an effect on crops.
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