Agrochemicals Market Key Insights Based on Product Type, End-Use and Regional Demand Till 2020-2027

The GMI Research expects the agrochemicals market to expand at a higher rate. From a regional perspective, the Asia-Pacific is projected to dominate the market due to the increasing population and the strong demand to enhance food productivity. The growing application of fertilizers and pesticides to maintain soil health and rising land productivity in developing countries will boost the market growth.

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Agrochemicals Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The global agrochemicals market size is projected to experience strong demand over the coming years due to decreasing crop harvesting areas, increasing population, and requirement for improving the yield of crops. According to agrochemicals industry outlook, the rising cultivation of horticultural crops, including floricultural plants, fruits & vegetables, and livestock feed, are the major factors surging the demand for the market in the upcoming years. As per agrochemicals industry analysis, several benefits provided by agrochemicals, such as improved crop protection, decreased crop loss, better yield quality, pest control, and others, is further stimulating the growth of the agrochemicals market share in terms of revenue. According to agrochemicals industry overview, the growing R&D of biopesticides will further open new doors for the growth of the market over the coming years. On the other hand, the key driver that is restraining the growth of the market include the increasing environmental concerns associated with the harmful effects of using excessive chemicals in agriculture.

Crop Type Segment Drivers

Based on crop type, the market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. The fruits & vegetable segment is anticipated to increase at a higher CAGR owing to the growing emphasis of marginal farmers on cultivating horticulture crops attributed to small duration crops that are majorly grown on small patches of land. Furthermore, growing awareness related to the health benefits of fruits and green vegetables, followed by the strong demand for organic fruits and vegetables, will further accelerate the market growth.

Type Segment Drivers

Based on type, the market is segmented into fertilizers and pesticides. The fertilizers segment is projected to lead the market in the upcoming years due to the high demand for biopesticides like herbal pesticides, microbial pesticides, and plant-incorporated protectants in the agriculture sector. Moreover, increasing the application of pesticides for controlling the spread of insects, weeds, and funguses is predicted to bolster the market growth.

Agrochemicals Market’s leading Manufacturers:

  • BASF SE
  • The DOW Chemicals Company
  • I. Du Pont De Nemours and Company
  • Yara International ASA
  • Bayer AG
  • Israel Chemicals Limited
  • Crystal Group
  • Bionema Limited
  • Nippon Soda Co., Ltd.,
  • Mitsui & Co., Ltd.

Agrochemicals Market Segmentation:

Segmentation by Type:

  • Fertilizers
  • Pesticides

Segmentation by Crop Type:

  • Cereals & Grains
  • Oilseeds & Pulses
  • Fruits & Vegetables
  • Others

Segmentation by Region:

  • North America

o   United States of America

o   Canada

  • Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

  • Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

  • RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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