How big is the halogenated agrochemicals market today, and what are its future growth expectations?
The halogenated agrochemicals market size has grown strongly in recent years. It will grow from $189.62 billion in 2024 to $203.25 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to increasing food demand, economic growth in developing regions, government support, increasing awareness of agrochemical benefits, soil degradation, and limited agricultural land.
The halogenated agrochemicals market size is expected to see strong growth in the next few years. It will grow to $264.41 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to bio-based agrochemical adoption, precision agriculture focus, increasing R&D investments, growth in organic farming impacting demand, sustainable agricultural practices, and increasing regulatory scrutiny. Major trends in the forecast period include a shift towards sustainable alternatives, advanced digital farming technologies, innovation in formulations and delivery methods, and integrated pest management (IPM).
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Which industry factors have accelerated the halogenated agrochemicals market’s expansion?
The rising demand for food production is expected to propel the growth of the halogenated agrochemicals market going forward. The demand for food production is due to population growth, urbanization, dietary changes, and increasing incomes. Halogenated agrochemicals protect crops from pests and diseases, contributing to higher yields and ensuring food security amidst escalating global demand for agricultural products. For instance, in February 2024, according to the data from the Department for Environment Food & Rural Affairs, a UK-based government agency, reported that in 2022, the UK’s total cereal production, including wheat, barley, oats, and minor cereals (such as rye, triticale, and mixed grain), reached just under 24.3 million tonnes which is 8% increase from 2021. Therefore, the rising demand for food production will drive the growth of the halogenated agrochemicals market.
What are the primary segments of the halogenated agrochemicals market?
The halogenated agrochemicals market covered in this report is segmented –
1) By Type: Herbicides, Insecticides, Fungicides
2) By Halogen Type: Chlorine Based Agrochemicals, Bromine Based Agrochemicals, Fluorine Based Agrochemicals, Iodine Based Agrochemicals
3) By Application Method: Foliar Spray, Soil Treatment, Seed Treatment
4) By End User: Farmers And Agricultural Workers, Agricultural Companies
Subsegments:
1) By Herbicides: Selective Herbicides, Non-Selective Herbicides, Pre-emergent Herbicides, Post-emergent Herbicides
2) By Insecticides: Contact Insecticides, Systemic Insecticides, Residual Insecticides, Repellent Insecticides
3) By Fungicides: Systemic Fungicides, Contact Fungicides, Preventive Fungicides, Curative Fungicides
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Which firms are leading the halogenated agrochemicals market?
Major companies operating in the halogenated agrochemicals market are BASF SE, Bayer AG, Sumitomo Chemical Company Limited, Corteva Agriscience Inc., Syngenta AG, Mitsui Chemicals Inc., Lanxess AG, United Phosphorus Limited (UPL) Limited, FMC Corporation, ADAMA Agricultural Solutions Ltd., Nufarm Limited, Zhejiang Wynca Chemical Group Co Ltd, Nissan Chemical Corporation, Kumiai Chemical Industry Co. Ltd., Nippon Soda Co Ltd, Ishihara Sangyo Kaisha Ltd., Sipcam Oxon Group, Dow AgroSciences LLC, Cheminova A/S, AMVAC Chemical Corporation, Sharda Cropchem Limited, Rotam Global AgroSciences, Albaugh LLC, Crystal Crop Protection Limited, Drexel Chemical Company, Isagro SpA
Which market trends are set to define the future of the halogenated agrochemicals market?
Major companies operating in the halogenated agrochemicals market focus on developing sustainable fertilizers and pesticides, such as biofungicide premix, to protect crops by eliminating pests and preventing fungal diseases. A biofungicide premix is a formulated product combining one or more biological agents, such as beneficial bacteria or fungi, to control plant fungal diseases in an eco-friendly and sustainable manner. For instance, in November 2023, FMC Corporation, a U.S.-based chemical manufacturing company, introduced Ethos Elite LFR, a new insecticide/biofungicide premix product. This innovative solution combines the proven pyrethroid insecticide bifenthrin with two proprietary biological strains from FMC, including Bacillus velezensis strain RTI301 and Bacillus subtilis strain RTI477. The product offers comprehensive early-season disease and soilborne pest control and is approved for use on various crops, including corn, soybeans, cotton, peanuts, tomatoes, and canola.
Which geographic trends are shaping the halogenated agrochemicals market, and which region has the highest market share?
Asia-Pacific was the largest region in the halogenated agrochemicals market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the halogenated agrochemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Halogenated Agrochemicals Market Report 2025 Offer?
The halogenated agrochemicals market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Halogenated agrochemicals refer to agricultural chemicals modified chemically by adding halogen atoms, such as fluorine (F) and chlorine (Cl). These compounds are commonly used as pesticides, herbicides, fungicides, and insecticides to protect crops from pests, diseases, and weeds. Halogenation often enhances the chemical’s effectiveness, stability, and ability to persist in the environment, although it can also raise concerns about environmental and health impacts due to its potential persistence and toxicity.
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