The global agrochemicals market is growing at a considerable CAGR of 3.2% during the forecast period. Rising demand in food production is one of the prime factors affecting and driving the market. Additionally, increasing application in the protection of crops against fungi, insects, and weeds among others is also estimated to be the key factors that are contributing significantly towards the growth of the market. However, effects on the natural fertility of the soil and emerging demand for organic fertilizers along with pesticides are major factors constraints that are hindering the growth of the global agrochemicals market across the globe.
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Moreover, the growing adoption of agrochemicals in various applications is also demanded as one of the key factors that are creating opportunities for the market. New product launches in the market are likely to drive the growth of the global agrochemicals market. For instance, in May 2020, BASF SE had come up with Melyra fungicide for its customers in China. This fungicide provides strong performance against diseases along with following and maintaining all the regular standards for its product.
The market is segmented based on product type and crop type. Based on product type, the market is segmented into fertilizers and pesticides. By crop type, the market is segmented into fruits & vegetables, oilseeds & pulses, cereals & grains, and other.
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Global Agrochemicals Market Segmentation
By Product Type
- Fertilizers
- Pesticides
By Crop Type
- Fruits & Vegetables
- Oilseeds & Pulses
- Cereals & Grains
- Other
Regional Analysis
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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