Agrochemicals Market Size, Share, Trends And Forecast 2024-2033

Overview and Scope
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.

Sizing and Forecast
The agrochemicals market size has grown strongly in recent years. It will grow from $266.95 billion in 2023 to $289.73 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%.  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 $399.55 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%.  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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Segmentation & Regional Insights
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

North America was the largest region in the agrochemicals market in 2023. 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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Major Driver Impacting Market Growth
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, according to United Nations, a US-based intergovernmental organization, the world’s population has been expected to increase by 2 billion people in the next 30 years, from 7.7 billion in 2021 to 9.7 billion in 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.

Key Industry Players
Major companies operating in the agrochemicals market report are 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, Huntsman International LLC, 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

The agrochemicals market report table of contents includes:
           1. Executive Summary

2. Agrochemicals Market Characteristics
3. Agrochemicals Market Trends And Strategies
4. Agrochemicals Market – Macro Economic Scenario
5. Global Agrochemicals Market Size and Growth
6. Agrochemicals Market Segmentation
7. Agrochemicals Market Regional And Country Analysis

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33. Key Mergers And Acquisitions In The Agrochemicals Market
34. Agrochemicals Market Future Outlook and Potential Analysis
35. Appendix

    List Of Tables :

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Agrochemicals Market, Segmentation By Fertilizer Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Agrochemicals Market, Segmentation By Pesticide Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Agrochemicals Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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Table 74: Adama Agricultural Solutions Ltd. Financial Performance

Table 75: Agrium Inc. Financial Performance

Table 76: BASF SE Financial Performance

Table 77: Bayer AG Financial Performance

Table 78: Yara International ASA Financial Performance

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