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.
Global Agrochemical Product Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 225.81 Bn. |
Forecast Period 2024-32 CAGR: |
4.65 %% |
Market Size in 2032: |
USD 339.94 Bn. |
Segments Covered: |
By Type |
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By Product Type |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
ā1.1 Research Objectives
ā1.2 Research Methodology
ā1.3 Research Process
ā1.4 Scope and Coverage
āā1.4.1 Market Definition
āā1.4.2 Key Questions Answered
ā1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
ā3.1 By Type
ā3.2 By Product Type
ā3.3 By Application
Chapter 4: Market Landscape
ā4.1 Porter's Five Forces Analysis
āā4.1.1 Bargaining Power of Supplier
āā4.1.2 Threat of New Entrants
āā4.1.3 Threat of Substitutes
āā4.1.4 Competitive Rivalry
āā4.1.5 Bargaining Power Among Buyers
ā4.2 Industry Value Chain Analysis
ā4.3 Market Dynamics
āā4.3.1 Drivers
āā4.3.2 Restraints
āā4.3.3 Opportunities
āā4.5.4 Challenges
ā4.4 Pestle Analysis
ā4.5 Technological Roadmap
ā4.6 Regulatory Landscape
ā4.7 SWOT Analysis
ā4.8 Price Trend Analysis
ā4.9 Patent Analysis
ā4.10 Analysis of the Impact of Covid-19
āā4.10.1 Impact on the Overall Market
āā4.10.2 Impact on the Supply Chain
āā4.10.3 Impact on the Key Manufacturers
āā4.10.4 Impact on the Pricing
Chapter 5: Agrochemical Products Market by Type
ā5.1 Agrochemical Products Market Overview Snapshot and Growth Engine
ā5.2 Agrochemical Products Market Overview
ā5.3 Fungicides
āā5.3.1 Introduction and Market Overview
āā5.3.2 Historic and Forecasted Market Size (2017-2032F)
āā5.3.3 Key Market Trends, Growth Factors and Opportunities
āā5.3.4 Fungicides: Geographic Segmentation
ā5.4 Herbicides
āā5.4.1 Introduction and Market Overview
āā5.4.2 Historic and Forecasted Market Size (2017-2032F)
āā5.4.3 Key Market Trends, Growth Factors and Opportunities
āā5.4.4 Herbicides: Geographic Segmentation
ā5.5 Insecticides
āā5.5.1 Introduction and Market Overview
āā5.5.2 Historic and Forecasted Market Size (2017-2032F)
āā5.5.3 Key Market Trends, Growth Factors and Opportunities
āā5.5.4 Insecticides: Geographic Segmentation
ā5.6 Other
āā5.6.1 Introduction and Market Overview
āā5.6.2 Historic and Forecasted Market Size (2017-2032F)
āā5.6.3 Key Market Trends, Growth Factors and Opportunities
āā5.6.4 Other: Geographic Segmentation
Chapter 6: Agrochemical Products Market by Product Type
ā6.1 Agrochemical Products Market Overview Snapshot and Growth Engine
ā6.2 Agrochemical Products Market Overview
ā6.3 Fertilizer
āā6.3.1 Introduction and Market Overview
āā6.3.2 Historic and Forecasted Market Size (2017-2032F)
āā6.3.3 Key Market Trends, Growth Factors and Opportunities
āā6.3.4 Fertilizer: Geographic Segmentation
ā6.4 Pesticides
āā6.4.1 Introduction and Market Overview
āā6.4.2 Historic and Forecasted Market Size (2017-2032F)
āā6.4.3 Key Market Trends, Growth Factors and Opportunities
āā6.4.4 Pesticides: Geographic Segmentation
ā6.5 Adjuvants
āā6.5.1 Introduction and Market Overview
āā6.5.2 Historic and Forecasted Market Size (2017-2032F)
āā6.5.3 Key Market Trends, Growth Factors and Opportunities
āā6.5.4 Adjuvants: Geographic Segmentation
ā6.6 Plant Growth Regulators
āā6.6.1 Introduction and Market Overview
āā6.6.2 Historic and Forecasted Market Size (2017-2032F)
āā6.6.3 Key Market Trends, Growth Factors and Opportunities
āā6.6.4 Plant Growth Regulators: Geographic Segmentation
Chapter 7: Agrochemical Products Market by Application
ā7.1 Agrochemical Products Market Overview Snapshot and Growth Engine
ā7.2 Agrochemical Products Market Overview
ā7.3 Grains & Cereals
āā7.3.1 Introduction and Market Overview
āā7.3.2 Historic and Forecasted Market Size (2017-2032F)
āā7.3.3 Key Market Trends, Growth Factors and Opportunities
āā7.3.4 Grains & Cereals: Geographic Segmentation
ā7.4 Pulses & Oilseeds
āā7.4.1 Introduction and Market Overview
āā7.4.2 Historic and Forecasted Market Size (2017-2032F)
āā7.4.3 Key Market Trends, Growth Factors and Opportunities
āā7.4.4 Pulses & Oilseeds: Geographic Segmentation
ā7.5 Fruits & Vegetables
āā7.5.1 Introduction and Market Overview
āā7.5.2 Historic and Forecasted Market Size (2017-2032F)
āā7.5.3 Key Market Trends, Growth Factors and Opportunities
āā7.5.4 Fruits & Vegetables: Geographic Segmentation
ā7.6 Turf & Ornamental Grass
āā7.6.1 Introduction and Market Overview
āā7.6.2 Historic and Forecasted Market Size (2017-2032F)
āā7.6.3 Key Market Trends, Growth Factors and Opportunities
āā7.6.4 Turf & Ornamental Grass: Geographic Segmentation
ā7.7 Other Non-Crop-Based
āā7.7.1 Introduction and Market Overview
āā7.7.2 Historic and Forecasted Market Size (2017-2032F)
āā7.7.3 Key Market Trends, Growth Factors and Opportunities
āā7.7.4 Other Non-Crop-Based: Geographic Segmentation
Chapter 8: Company Profiles and Competitive Analysis
ā8.1 Competitive Landscape
āā8.1.1 Competitive Positioning
āā8.1.2 Agrochemical Products Sales and Market Share By Players
āā8.1.3 Industry BCG Matrix
āā8.1.4 Heat Map Analysis
āā8.1.5 Agrochemical Products Industry Concentration Ratio (CR5 and HHI)
āā8.1.6 Top 5 Agrochemical Products Players Market Share
āā8.1.7 Mergers and Acquisitions
āā8.1.8 Business Strategies By Top Players
ā8.2 BASF SE
āā8.2.1 Company Overview
āā8.2.2 Key Executives
āā8.2.3 Company Snapshot
āā8.2.4 Operating Business Segments
āā8.2.5 Product Portfolio
āā8.2.6 Business Performance
āā8.2.7 Key Strategic Moves and Recent Developments
āā8.2.8 SWOT Analysis
ā8.3 BAYER AG
ā8.4 CORTEVA AGRISCIENCE
ā8.5 FENGRO INDUSTRIES CORPORATION
ā8.6 FMC CORPORATION
ā8.7 HERINGER FERTILIZERS SA
ā8.8 ISRAEL CHEMICALS LTD. (ICL)
ā8.9 JORDAN ABYAD FERTILIZERS AND CHEMICALS COMPANY (JAFCCO)
ā8.10 K+S KALI GMBH
ā8.11 NUTRIEN LTD
ā8.12 OCI NV
ā8.13 PJSC PHOSAGRO
ā8.14 SAUDI ARABIAN FERTILIZER COMPANY (SAFCO)
ā8.15 SYNGENTA INTERNATIONAL AG
ā8.16 THE MOSAIC COMPANY
ā8.17 WINHARVEST PTY LTD
ā8.18 OTHER MAJOR PLAYERS
Chapter 9: Global Agrochemical Products Market Analysis, Insights and Forecast, 2017-2032
ā9.1 Market Overview
ā9.2 Historic and Forecasted Market Size By Type
āā9.2.1 Fungicides
āā9.2.2 Herbicides
āā9.2.3 Insecticides
āā9.2.4 Other
ā9.3 Historic and Forecasted Market Size By Product Type
āā9.3.1 Fertilizer
āā9.3.2 Pesticides
āā9.3.3 Adjuvants
āā9.3.4 Plant Growth Regulators
ā9.4 Historic and Forecasted Market Size By Application
āā9.4.1 Grains & Cereals
āā9.4.2 Pulses & Oilseeds
āā9.4.3 Fruits & Vegetables
āā9.4.4 Turf & Ornamental Grass
āā9.4.5 Other Non-Crop-Based
Chapter 10: North America Agrochemical Products Market Analysis, Insights and Forecast, 2017-2032
ā10.1 Key Market Trends, Growth Factors and Opportunities
ā10.2 Impact of Covid-19
ā10.3 Key Players
ā10.4 Key Market Trends, Growth Factors and Opportunities
ā10.4 Historic and Forecasted Market Size By Type
āā10.4.1 Fungicides
āā10.4.2 Herbicides
āā10.4.3 Insecticides
āā10.4.4 Other
ā10.5 Historic and Forecasted Market Size By Product Type
āā10.5.1 Fertilizer
āā10.5.2 Pesticides
āā10.5.3 Adjuvants
āā10.5.4 Plant Growth Regulators
ā10.6 Historic and Forecasted Market Size By Application
āā10.6.1 Grains & Cereals
āā10.6.2 Pulses & Oilseeds
āā10.6.3 Fruits & Vegetables
āā10.6.4 Turf & Ornamental Grass
āā10.6.5 Other Non-Crop-Based
ā10.7 Historic and Forecast Market Size by Country
āā10.7.1 US
āā10.7.2 Canada
āā10.7.3 Mexico
Chapter 11: Eastern Europe Agrochemical Products Market Analysis, Insights and Forecast, 2017-2032
ā11.1 Key Market Trends, Growth Factors and Opportunities
ā11.2 Impact of Covid-19
ā11.3 Key Players
ā11.4 Key Market Trends, Growth Factors and Opportunities
ā11.4 Historic and Forecasted Market Size By Type
āā11.4.1 Fungicides
āā11.4.2 Herbicides
āā11.4.3 Insecticides
āā11.4.4 Other
ā11.5 Historic and Forecasted Market Size By Product Type
āā11.5.1 Fertilizer
āā11.5.2 Pesticides
āā11.5.3 Adjuvants
āā11.5.4 Plant Growth Regulators
ā11.6 Historic and Forecasted Market Size By Application
āā11.6.1 Grains & Cereals
āā11.6.2 Pulses & Oilseeds
āā11.6.3 Fruits & Vegetables
āā11.6.4 Turf & Ornamental Grass
āā11.6.5 Other Non-Crop-Based
ā11.7 Historic and Forecast Market Size by Country
āā11.7.1 Bulgaria
āā11.7.2 The Czech Republic
āā11.7.3 Hungary
āā11.7.4 Poland
āā11.7.5 Romania
āā11.7.6 Rest of Eastern Europe
Chapter 12: Western Europe Agrochemical Products Market Analysis, Insights and Forecast, 2017-2032
ā12.1 Key Market Trends, Growth Factors and Opportunities
ā12.2 Impact of Covid-19
ā12.3 Key Players
ā12.4 Key Market Trends, Growth Factors and Opportunities
ā12.4 Historic and Forecasted Market Size By Type
āā12.4.1 Fungicides
āā12.4.2 Herbicides
āā12.4.3 Insecticides
āā12.4.4 Other
ā12.5 Historic and Forecasted Market Size By Product Type
āā12.5.1 Fertilizer
āā12.5.2 Pesticides
āā12.5.3 Adjuvants
āā12.5.4 Plant Growth Regulators
ā12.6 Historic and Forecasted Market Size By Application
āā12.6.1 Grains & Cereals
āā12.6.2 Pulses & Oilseeds
āā12.6.3 Fruits & Vegetables
āā12.6.4 Turf & Ornamental Grass
āā12.6.5 Other Non-Crop-Based
ā12.7 Historic and Forecast Market Size by Country
āā12.7.1 Germany
āā12.7.2 UK
āā12.7.3 France
āā12.7.4 Netherlands
āā12.7.5 Italy
āā12.7.6 Russia
āā12.7.7 Spain
āā12.7.8 Rest of Western Europe
Chapter 13: Asia Pacific Agrochemical Products Market Analysis, Insights and Forecast, 2017-2032
ā13.1 Key Market Trends, Growth Factors and Opportunities
ā13.2 Impact of Covid-19
ā13.3 Key Players
ā13.4 Key Market Trends, Growth Factors and Opportunities
ā13.4 Historic and Forecasted Market Size By Type
āā13.4.1 Fungicides
āā13.4.2 Herbicides
āā13.4.3 Insecticides
āā13.4.4 Other
ā13.5 Historic and Forecasted Market Size By Product Type
āā13.5.1 Fertilizer
āā13.5.2 Pesticides
āā13.5.3 Adjuvants
āā13.5.4 Plant Growth Regulators
ā13.6 Historic and Forecasted Market Size By Application
āā13.6.1 Grains & Cereals
āā13.6.2 Pulses & Oilseeds
āā13.6.3 Fruits & Vegetables
āā13.6.4 Turf & Ornamental Grass
āā13.6.5 Other Non-Crop-Based
ā13.7 Historic and Forecast Market Size by Country
āā13.7.1 China
āā13.7.2 India
āā13.7.3 Japan
āā13.7.4 South Korea
āā13.7.5 Malaysia
āā13.7.6 Thailand
āā13.7.7 Vietnam
āā13.7.8 The Philippines
āā13.7.9 Australia
āā13.7.10 New Zealand
āā13.7.11 Rest of APAC
Chapter 14: Middle East & Africa Agrochemical Products Market Analysis, Insights and Forecast, 2017-2032
ā14.1 Key Market Trends, Growth Factors and Opportunities
ā14.2 Impact of Covid-19
ā14.3 Key Players
ā14.4 Key Market Trends, Growth Factors and Opportunities
ā14.4 Historic and Forecasted Market Size By Type
āā14.4.1 Fungicides
āā14.4.2 Herbicides
āā14.4.3 Insecticides
āā14.4.4 Other
ā14.5 Historic and Forecasted Market Size By Product Type
āā14.5.1 Fertilizer
āā14.5.2 Pesticides
āā14.5.3 Adjuvants
āā14.5.4 Plant Growth Regulators
ā14.6 Historic and Forecasted Market Size By Application
āā14.6.1 Grains & Cereals
āā14.6.2 Pulses & Oilseeds
āā14.6.3 Fruits & Vegetables
āā14.6.4 Turf & Ornamental Grass
āā14.6.5 Other Non-Crop-Based
ā14.7 Historic and Forecast Market Size by Country
āā14.7.1 Turkey
āā14.7.2 Bahrain
āā14.7.3 Kuwait
āā14.7.4 Saudi Arabia
āā14.7.5 Qatar
āā14.7.6 UAE
āā14.7.7 Israel
āā14.7.8 South Africa
Chapter 15: South America Agrochemical Products Market Analysis, Insights and Forecast, 2017-2032
ā15.1 Key Market Trends, Growth Factors and Opportunities
ā15.2 Impact of Covid-19
ā15.3 Key Players
ā15.4 Key Market Trends, Growth Factors and Opportunities
ā15.4 Historic and Forecasted Market Size By Type
āā15.4.1 Fungicides
āā15.4.2 Herbicides
āā15.4.3 Insecticides
āā15.4.4 Other
ā15.5 Historic and Forecasted Market Size By Product Type
āā15.5.1 Fertilizer
āā15.5.2 Pesticides
āā15.5.3 Adjuvants
āā15.5.4 Plant Growth Regulators
ā15.6 Historic and Forecasted Market Size By Application
āā15.6.1 Grains & Cereals
āā15.6.2 Pulses & Oilseeds
āā15.6.3 Fruits & Vegetables
āā15.6.4 Turf & Ornamental Grass
āā15.6.5 Other Non-Crop-Based
ā15.7 Historic and Forecast Market Size by Country
āā15.7.1 Brazil
āā15.7.2 Argentina
āā15.7.3 Rest of SA
Chapter 16 Investment Analysis
Chapter 17 Analyst Viewpoint and Conclusion
Global Agrochemical Product Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 225.81 Bn. |
Forecast Period 2024-32 CAGR: |
4.65 %% |
Market Size in 2032: |
USD 339.94 Bn. |
Segments Covered: |
By Type |
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By Product Type |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Agrochemical Product Market research report is 2024-2032.
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 key players.
The Agrochemical Product Market is segmented into Type, Product Type, Application, and region. By Type, the market is categorized into Fungicides, Herbicides, Insecticides, and Others. By Product Type, the market is categorized into Fertilizers, Pesticides, Adjuvants, and Plant Growth Regulators. By Application, the market is categorized into Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Turf and Ornamental Grass, and Other Non-Crop-Based. By region, it is analyzed across North America (US, Canada, Mexico), Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe), Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe), Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC), Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa), South America (Brazil, Argentina, Rest of SA).
Agrochemicals are any substance used in farming, such as synthetic fertilizers, insecticides, and herbicides. The majority are chemical mixtures made up of two or more chemicals; the active ingredients produce the desired effects, while the inert ingredients stabilize, protect, or facilitate the application of the active ingredients.
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.