Agrochemicals Market Current Scenario and Future Growth Analysis by 2027

Agrochemicals is the generic name of chemical products used in the agricultural field. These include pesticides, insecticides, fungicides, herbicides, nematicides, synthetic fertilizers, bio fertilizer, and chemical growth agents, among others. Increasing population and surging urbanization in turn puts additional pressure on the already diminishing farmlands. Agrochemicals help to effectively cultivate and manage crops to increase production. Thus, these factors greatly support growth of the global agrochemicals market. Various government and non-governmental organizations are focusing on addressing this global concern by increasing funding for programs related to the agricultural sector.

The U.S., China, and Japan are the largest producers of agrochemicals, while North America, followed by Asia Pacific are the largest consumers in the global agrochemicals market. Population explosion in countries such as India and China, along with rapid economic growth in these countries is expected to position Asia Pacific as the fastest growing market for agrochemicals in the near future.

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The global agrochemicals market is expected to be fueled by increasing global population and subsequent increasing demand for food grains. Moreover, rampant urbanization over the recent past has led to a steep decline in farmlands.

Global Agrochemicals Market Taxonomy

On the basis of product type, the global agrochemicals market is classified into:

Fertilizer
Nitrogenous
Phosphatic
Potassic
Biofertilizers

Pesticides
Herbicides
Insecticides
Fungicides
Others

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Key players in the market include Agrium, BASF SE, BAYER AG, Dow AgroSciences, DuPont, Monsanto Company, Sumitomo Chemical Co., Syngenta AG, The Mosaic Co., Yara International, Gharda Chemicals Ltd., Drexel Chemical Company, Qatar Fertilizer Company, Cf Industries, Israel Chemicals Ltd., American Vanguard Corporation, Rotam Corpsciences, FMC Corporation, and Zuari Agro Chemicals Ltd.

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