Agrochemicals Products Market Synopsis

Global Agrochemicals Products Market Size Was Valued at USD 225.81 Billion In 2023 And Is Projected to Reach USD 339.94 Billion By 2032, Growing at A CAGR of 4.65 % From 2024 To 2032.

Agrochemicals are chemical substances utilized in agriculture to improve crop yields and safeguard crops from pests, diseases, and weeds. These include pesticides, fertilizers, plant growth regulators, and soil amendments.

• Agrochemicals are substances employed in farming to increase crop yield and shield crops from pests, diseases, and weeds. They include chemicals such as insecticides, herbicides, fungicides, and bactericides to manage pests.
• Fertilizers supply nutrients for plant growth and soil fertility, whereas plant growth regulators impact plant development. Soil amendments enhance soil characteristics like nutrient availability and water-holding capacity.
• Agrochemicals improve nutrient absorption, minimize resource loss, and boost farming effectiveness. They protect crops, enhance food security, and provide economical solutions for farmers.
• Certain agricultural chemicals support sustainable farming by decreasing dependence on man-made chemicals. They also lengthen the period when crops can grow, enhance crop vitality, and reduce environmental harm.

Agrochemical Products Market Trend Analysis

An Increase In The Need For Crop Protection Chemicals To Boost Crop Output

• Farmers in the majority of nations, including India, China, Thailand, Vietnam, and South Korea, are now able to practise intensive crop management thanks to advancements in agricultural science. Pest control products are being used more frequently as a result of growing public knowledge about crop protection chemicals, which has also raised public awareness of the possibility of more lucrative opportunities with little risk. The number of patents and product registrations in the global agrochemicals market has increased, leading to greater use in agriculture, which pushes the market.

• Every year, plant pests and insects cause significant losses to farmers around the globe. According to estimates, insects destroy 15% of crops, disease pathogens, weeds, and 10% of products are damaged by pests during the postharvest time. By defending crops, boosting productivity, and keeping the quality of the produce, agrochemicals help to reduce this loss. Additionally, this reduces expenses like labour and fuel, which decreases the cost of agricultural products.
• Agrochemicals are used in a variety of other ways besides agriculture to avoid harmful effects on society. For instance, if weeds and trees are allowed to develop under power lines, it could cause power outages. The vegetation is removed with herbicides. To ensure public safety and ease, herbicides are also frequently used to control undesirable vegetation along national highways, roadsides, parks, wetlands, and public areas.

Precision Farming for The Management of Nutrients for Particular Crops

• With the aid of specialized application equipment, precision agriculture focuses on growing crops effectively and site-specifically in a way that can help them retain water and nutrients in the root zone. The process of precision agriculture can be broken down into three steps: referencing remote area information using specific sensors, analysis of data acquired through a suitable system of information processing, and adjustment of the amount applied based on the requirements of each location.
• By preventing nutrients from evaporating from the soil or building up in areas of the field where they shouldn't, precision farming can increase output and the efficiency with which nutrients are used. In advanced countries, precision farming has become more significant for effective fertigation use.
• For an accurate analysis of the nutrient needs of crops, the application rate, and the mixing ratio necessary within the fertigation system, the release patterns and coating technology of CRFs can be fed into the information system. A rising number of digital technologies are used in precision agriculture to improve crop yields and quality while increasing farming efficiency.

Segmentation Analysis Of the Agrochemical Product Market

Agrochemical Product Market segments cover the Type, Product Type, and Application. By Type, the Pesticides segment is Anticipated to Dominate the Market Over the Forecast period.

• Chemicals called insecticides are used to exterminate insects or stop them from acting in an undesirable or destructive way. Their structure and method of operation are used to categorise them.
• Insecticides are frequently employed in agricultural, public health, industrial, domestic, and commercial purposes. (e.g., control of roaches and termites). The most widely utilised pesticides are carbamates, pyrethroids, and organophosphates.
• Farmers can create safe, high-quality foods at reasonable prices thanks to pesticides. Additionally, they assist farmers in producing an abundance of year-round, nutrient-dense foods that are essential for human well-being. The necessary nutrients that come from fruits and vegetables are more widely available and less expensive. Because it is less expensive to produce food and animal feed, foods like grains, milk, and proteins all of which are essential for a child's development are more widely accessible.

Regional Analysis of the Agrochemical Product Market

Asia Pacific is Expected to Dominate the Market Over the Forecast Period.

• The majority of Asia-Pacific nations' fertiliser industries have shifted their focus away from fertiliser grade growth and towards technology advancement, management, and durability. Due to the precise and sophisticated farming systems and controlled-environment agriculture practised in Japan, the market is expected to expand at a higher rate than in other regions. Through partnerships or mergers & acquisitions, more international players in the industry are attempting to enter the Asia Pacific region. Due to rising demand from nations like China and India, the Asia-Pacific market is anticipated to expand at the fastest rate.
• Similar to this, a significant driver of the market's expansion is India's substantial production of cereal crops like rice and wheat. In India, pesticide usage is gradually increasing. A clear indication of the expansion of the agrochemical market in the nation and the area is the revenue of a few key pesticide and agrochemical companies as of June 2022. Majorly growth for Agrochemical is in India and that is mentioned in the below graph.

Top Key Players Covered in Agrochemical Product Market

• BASF SE
• Bayer AG
• Corteva Agriscience
• Fengro Industries Corporation
• FMC Corporation
• Heringer Fertilizers SA
• Israel Chemicals Ltd. (ICL)
• Jordan Abyad Fertilizers and Chemicals Company (Jafcco)
• K+S KALI GmbH
• Nutrien Ltd.
• OCI NV
• PJSC PhosAgro
• Saudi Arabian Fertilizer Company (SAFCO)
• Syngenta International AG
• The Mosaic Company
• WinHarvest Pty Ltd, and Other Major Players

Key Industry Developments in Agrochemical Product Market

• In April 2024, Tropical Agrosystem (India) launched a new product range for the 2024 Kharif cropping season, offering 16 new solutions for farmers. The product range includes insecticides, herbicides, fungicides, and biological products, covering a variety of crops.
• In January 2024, ADAMA Ltd. launched five new cereal fungicide products in Europe to address serious diseases impacting farmer yields. These products offer innovative solutions for different application stages (T1, T2, and T3) and value segments. ADAMA's European cereal fungicide portfolio includes Soratel, Maxentis, Forapro, Maganic, and Avastel - all powered by Asorbital Formulation Technology.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Product Type
 3.3 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Agrochemical Products Market by Type
 5.1 Agrochemical Products Market Overview Snapshot and Growth Engine
 5.2 Agrochemical Products Market Overview
 5.3 Fungicides
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Fungicides: Geographic Segmentation
 5.4 Herbicides
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Herbicides: Geographic Segmentation
 5.5 Insecticides
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Insecticides: Geographic Segmentation
 5.6 Other
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Other: Geographic Segmentation

Chapter 6: Agrochemical Products Market by Product Type
 6.1 Agrochemical Products Market Overview Snapshot and Growth Engine
 6.2 Agrochemical Products Market Overview
 6.3 Fertilizer
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Fertilizer: Geographic Segmentation
 6.4 Pesticides
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Pesticides: Geographic Segmentation
 6.5 Adjuvants
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Adjuvants: Geographic Segmentation
 6.6 Plant Growth Regulators
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Plant Growth Regulators: Geographic Segmentation

Chapter 7: Agrochemical Products Market by Application
 7.1 Agrochemical Products Market Overview Snapshot and Growth Engine
 7.2 Agrochemical Products Market Overview
 7.3 Grains & Cereals
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2017-2032F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Grains & Cereals: Geographic Segmentation
 7.4 Pulses & Oilseeds
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2017-2032F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Pulses & Oilseeds: Geographic Segmentation
 7.5 Fruits & Vegetables
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size (2017-2032F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Fruits & Vegetables: Geographic Segmentation
 7.6 Turf & Ornamental Grass
  7.6.1 Introduction and Market Overview
  7.6.2 Historic and Forecasted Market Size (2017-2032F)
  7.6.3 Key Market Trends, Growth Factors and Opportunities
  7.6.4 Turf & Ornamental Grass: Geographic Segmentation
 7.7 Other Non-Crop-Based
  7.7.1 Introduction and Market Overview
  7.7.2 Historic and Forecasted Market Size (2017-2032F)
  7.7.3 Key Market Trends, Growth Factors and Opportunities
  7.7.4 Other Non-Crop-Based: Geographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Positioning
  8.1.2 Agrochemical Products Sales and Market Share By Players
  8.1.3 Industry BCG Matrix
  8.1.4 Heat Map Analysis
  8.1.5 Agrochemical Products Industry Concentration Ratio (CR5 and HHI)
  8.1.6 Top 5 Agrochemical Products Players Market Share
  8.1.7 Mergers and Acquisitions
  8.1.8 Business Strategies By Top Players
 8.2 BASF SE
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Operating Business Segments
  8.2.5 Product Portfolio
  8.2.6 Business Performance
  8.2.7 Key Strategic Moves and Recent Developments
  8.2.8 SWOT Analysis
 8.3 BAYER AG
 8.4 CORTEVA AGRISCIENCE
 8.5 FENGRO INDUSTRIES CORPORATION
 8.6 FMC CORPORATION
 8.7 HERINGER FERTILIZERS SA
 8.8 ISRAEL CHEMICALS LTD. (ICL)
 8.9 JORDAN ABYAD FERTILIZERS AND CHEMICALS COMPANY (JAFCCO)
 8.10 K+S KALI GMBH
 8.11 NUTRIEN LTD
 8.12 OCI NV
 8.13 PJSC PHOSAGRO
 8.14 SAUDI ARABIAN FERTILIZER COMPANY (SAFCO)
 8.15 SYNGENTA INTERNATIONAL AG
 8.16 THE MOSAIC COMPANY
 8.17 WINHARVEST PTY LTD
 8.18 OTHER MAJOR PLAYERS

Chapter 9: Global Agrochemical Products Market Analysis, Insights and Forecast, 2017-2032
 9.1 Market Overview
 9.2 Historic and Forecasted Market Size By Type
  9.2.1 Fungicides
  9.2.2 Herbicides
  9.2.3 Insecticides
  9.2.4 Other
 9.3 Historic and Forecasted Market Size By Product Type
  9.3.1 Fertilizer
  9.3.2 Pesticides
  9.3.3 Adjuvants
  9.3.4 Plant Growth Regulators
 9.4 Historic and Forecasted Market Size By Application
  9.4.1 Grains & Cereals
  9.4.2 Pulses & Oilseeds
  9.4.3 Fruits & Vegetables
  9.4.4 Turf & Ornamental Grass
  9.4.5 Other Non-Crop-Based

Chapter 10: North America Agrochemical Products Market Analysis, Insights and Forecast, 2017-2032
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 Fungicides
  10.4.2 Herbicides
  10.4.3 Insecticides
  10.4.4 Other
 10.5 Historic and Forecasted Market Size By Product Type
  10.5.1 Fertilizer
  10.5.2 Pesticides
  10.5.3 Adjuvants
  10.5.4 Plant Growth Regulators
 10.6 Historic and Forecasted Market Size By Application
  10.6.1 Grains & Cereals
  10.6.2 Pulses & Oilseeds
  10.6.3 Fruits & Vegetables
  10.6.4 Turf & Ornamental Grass
  10.6.5 Other Non-Crop-Based
 10.7 Historic and Forecast Market Size by Country
  10.7.1 US
  10.7.2 Canada
  10.7.3 Mexico

Chapter 11: Eastern Europe Agrochemical Products Market Analysis, Insights and Forecast, 2017-2032
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Fungicides
  11.4.2 Herbicides
  11.4.3 Insecticides
  11.4.4 Other
 11.5 Historic and Forecasted Market Size By Product Type
  11.5.1 Fertilizer
  11.5.2 Pesticides
  11.5.3 Adjuvants
  11.5.4 Plant Growth Regulators
 11.6 Historic and Forecasted Market Size By Application
  11.6.1 Grains & Cereals
  11.6.2 Pulses & Oilseeds
  11.6.3 Fruits & Vegetables
  11.6.4 Turf & Ornamental Grass
  11.6.5 Other Non-Crop-Based
 11.7 Historic and Forecast Market Size by Country
  11.7.1 Bulgaria
  11.7.2 The Czech Republic
  11.7.3 Hungary
  11.7.4 Poland
  11.7.5 Romania
  11.7.6 Rest of Eastern Europe

Chapter 12: Western Europe Agrochemical Products Market Analysis, Insights and Forecast, 2017-2032
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Fungicides
  12.4.2 Herbicides
  12.4.3 Insecticides
  12.4.4 Other
 12.5 Historic and Forecasted Market Size By Product Type
  12.5.1 Fertilizer
  12.5.2 Pesticides
  12.5.3 Adjuvants
  12.5.4 Plant Growth Regulators
 12.6 Historic and Forecasted Market Size By Application
  12.6.1 Grains & Cereals
  12.6.2 Pulses & Oilseeds
  12.6.3 Fruits & Vegetables
  12.6.4 Turf & Ornamental Grass
  12.6.5 Other Non-Crop-Based
 12.7 Historic and Forecast Market Size by Country
  12.7.1 Germany
  12.7.2 UK
  12.7.3 France
  12.7.4 Netherlands
  12.7.5 Italy
  12.7.6 Russia
  12.7.7 Spain
  12.7.8 Rest of Western Europe

Chapter 13: Asia Pacific Agrochemical Products Market Analysis, Insights and Forecast, 2017-2032
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Fungicides
  13.4.2 Herbicides
  13.4.3 Insecticides
  13.4.4 Other
 13.5 Historic and Forecasted Market Size By Product Type
  13.5.1 Fertilizer
  13.5.2 Pesticides
  13.5.3 Adjuvants
  13.5.4 Plant Growth Regulators
 13.6 Historic and Forecasted Market Size By Application
  13.6.1 Grains & Cereals
  13.6.2 Pulses & Oilseeds
  13.6.3 Fruits & Vegetables
  13.6.4 Turf & Ornamental Grass
  13.6.5 Other Non-Crop-Based
 13.7 Historic and Forecast Market Size by Country
  13.7.1 China
  13.7.2 India
  13.7.3 Japan
  13.7.4 South Korea
  13.7.5 Malaysia
  13.7.6 Thailand
  13.7.7 Vietnam
  13.7.8 The Philippines
  13.7.9 Australia
  13.7.10 New Zealand
  13.7.11 Rest of APAC

Chapter 14: Middle East & Africa Agrochemical Products Market Analysis, Insights and Forecast, 2017-2032
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Type
  14.4.1 Fungicides
  14.4.2 Herbicides
  14.4.3 Insecticides
  14.4.4 Other
 14.5 Historic and Forecasted Market Size By Product Type
  14.5.1 Fertilizer
  14.5.2 Pesticides
  14.5.3 Adjuvants
  14.5.4 Plant Growth Regulators
 14.6 Historic and Forecasted Market Size By Application
  14.6.1 Grains & Cereals
  14.6.2 Pulses & Oilseeds
  14.6.3 Fruits & Vegetables
  14.6.4 Turf & Ornamental Grass
  14.6.5 Other Non-Crop-Based
 14.7 Historic and Forecast Market Size by Country
  14.7.1 Turkey
  14.7.2 Bahrain
  14.7.3 Kuwait
  14.7.4 Saudi Arabia
  14.7.5 Qatar
  14.7.6 UAE
  14.7.7 Israel
  14.7.8 South Africa

Chapter 15: South America Agrochemical Products Market Analysis, Insights and Forecast, 2017-2032
 15.1 Key Market Trends, Growth Factors and Opportunities
 15.2 Impact of Covid-19
 15.3 Key Players
 15.4 Key Market Trends, Growth Factors and Opportunities
 15.4 Historic and Forecasted Market Size By Type
  15.4.1 Fungicides
  15.4.2 Herbicides
  15.4.3 Insecticides
  15.4.4 Other
 15.5 Historic and Forecasted Market Size By Product Type
  15.5.1 Fertilizer
  15.5.2 Pesticides
  15.5.3 Adjuvants
  15.5.4 Plant Growth Regulators
 15.6 Historic and Forecasted Market Size By Application
  15.6.1 Grains & Cereals
  15.6.2 Pulses & Oilseeds
  15.6.3 Fruits & Vegetables
  15.6.4 Turf & Ornamental Grass
  15.6.5 Other Non-Crop-Based
 15.7 Historic and Forecast Market Size by Country
  15.7.1 Brazil
  15.7.2 Argentina
  15.7.3 Rest of SA

Chapter 16 Investment Analysis

Chapter 17 Analyst Viewpoint and Conclusion