Global Agrochemicals Market Outlook 2020 | BASF SE, Bayer AG, Dow, Inc., DuPont

The global agrochemicals market was valued at $241.6 billion in 2018, and is projected to reach $336.4 billion by 2026, growing at a CAGR of 4.2% from 2019 to 2026.

The term agrochemicals defines a wide range of specifically engineered chemicals, such as pesticides, insecticides, fungicides, and others that effectively enhance the crop productivity by increasing soil fertility and protecting the crops against pests and weeds. Agrochemicals also includes synthetic fertilizers, hormones and other chemical growth agents, and concentrated stores of raw animal manure. Agrochemicals are further classified into synthetic, semi-synthetic, and bio-agrochemicals. The use of agrochemicals is an increasingly important thing in increasing the yield of agricultural crops. 

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Growth Factor

The major factors that drive the agrochemicals market include the growth in demand for food, soil degradation, and increased adoption of bio-agrochemicals. Rapid increase in population results in rise in demand for food on a global basis, thus boosting the use of agrochemicals to enhance crop productivity. However, the presence of eco-friendly alternatives and increase in environmental concerns could hamper the market growth during the forecast period. In addition, significant growth opportunities are available in the market for the development of new and safe bio-based agrochemicals. 

This report is based on synthesis, analysis, and interpretation of information gathered regarding the agrochemicals market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the agrochemicals market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the agrochemicals market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Some major parameters were considered to forecast the current estimates of the Market:

• Market driving trends
• Predicted opportunities
• Challenges and restraints to be faced
• Technological developments in agrochemicals market
• Other developments, e.g. Infrastructural
• Consumer preferences
• Government regulations
• Consumer spending dynamics and trends

Market Overview:

The report includes detailed information about market drivers, restraints, challenges, threats, and potential growth opportunities of agrochemicals market. The report consists of precise qualitative information such as Porter’s five forces, PESTLE Analysis, and value chain analysis.

Competitive Landscape:

Geographically, global agrochemicals market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer. The competitive analysis of leading market players is another notable feature of the agrochemicals market report; it identifies direct or indirect competitors in the market. The report offers company profile of market players alongside product picture and it’s specifications, agrochemicals market plans, and technology adopted by them, future development plans. In addition, strength and weaknesses analysis of Agrochemicals Market competitive firms gives competitive advantages so that the efficiency and the productivity of companies are improved.

Key players operating in the global agrochemicals market are BASF SE, Bayer AG, Dow, Inc., DuPont de Nemours, Inc., Sumitomo Chemical Company, Syngenta AG, The Mosaic Company, Yara International, Nutrien, Ltd., and FMC Corporation. 

Market Segmentation:

The global agrochemicals market is segmented into type and region. Based on type, the market is bifurcated into fertilizers and pesticides. Fertilizers are further classified into synthetic fertilizers (nitrogenous, phosphatic, potassic, and others) and bio fertilizers. The pesticides segment is further sub-segmented into herbicides, insecticides, fungicides, and others.

Geographical Analysis:

Agrochemicals Market Segment by Regions Consists:

• North America (U.S. and Canada)
• Europe (UK, Germany, France, Russia, Italy and Rest of Europe)
• Asia-Pacific (China, Japan, India, Korea, and Rest of Asia-Pacific)
• South America (Brazil, Argentina, Mexico, and Rest of South America)
• The Middle East and Africa (GCC Countries, Egypt, South Africa, and Rest of MEA)

Key Questions Addressed in the Report

• Who are the top 10 players operating in the Agrochemicals Market?
• What are the driving factors, restraints, opportunities, and challenges in the Agrochemicals Market?
• What are the current scenario and industry trends in the Agrochemicals Market?
• Which industry and technology can be a potential revenue pocket for market players in the next five years?
• Who are the visionary leaders, dynamic differentiators, innovators, and emerging players and what are the key strategies adopted by them to strengthen their positions?
• What are the agrochemicals market opportunities and threats faced by the vendors in the agrochemicals market?
• What are the agrochemicals market challenges to market growth?

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