The global agrochemicals market is anticipated to grow at a considerable CAGR of 3.2% during the forecast period (2021-2027). The rising need and demand for nitrogen fertilizers are one of the prime factors affecting and driving the market. The nitrogen fertilizers support the growth of the plant along with providing healthy maturing of foliage and fruits. Additionally, it also aids the environment as well by reducing N2O emissions and it is considered to be appropriate for the purpose of establishing plants in the soil which in turn is increasing the demand for nitrogen fertilizers in the market.
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The key players operating in the global agrochemicals market had been adopting strategies such as new agreements and collaboration to gain major market share. For instance, in February 2020, AMVAC Chemical Corp. had introduced new products in order to strengthen its portfolio related to crop protection. The products include classic herbicide, FirstRate herbicide, Hornet herbicide, and Python herbicide. The classic herbicide and FirstRate herbicide are for soybeans, hornet herbicide is considered for field corn and python is for both soybeans and field corn.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
· By Product Type
· By Crop Type
• Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
· Competitive Landscape- AMVAC Chemical Corp., BASF SE, Bayer AG, Dow Chemical Co., and Yara
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Global Agrochemicals Market
By Product Type
• Fertilizers
• Pesticides
By Crop Type
• Fruits & Vegetables
• Oilseeds & Pulses
• Cereals & Grains
• Other
Global Agrochemicals Market by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
Company Profiles
· AMVAC Chemical Corp.
· BASF SE
· Bayer AG
· BUNGE, LTD.
· Conquest Crop Protection
· Coromandal Agrico.
· Dow Chemical Co.
· Drexel Chemical Co.
· Eden Research plc,
· Gowan Co.
· IFFCO-MC Crop Science Pvt. Ltd.
· ISHIHARA SANGYO KAISHA, LTD.
· K+S Aktiengesellschaft
· NATIONAL FERTILIZERS LTD.
· NIPPON SODA CO., LTD.
· Nissan Chemical Corp.
· Nutrien Ag Solutions, Inc.
· Qatar Petroleum
· ROTAM
· Sumitomo Chemical Co., Ltd.
· The Mosaic Co.
· UPL
· Yara
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