Agrochemicals Market by Global Demand, Supply and Production Analysis 2021 to 2030

The Global Agrochemicals Market size valued to USD 239.85 billion in 2019, is expected to reach USD 365.16 billion by 2030, witnessing a CAGR of 3.8%from 2020-2030.

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The global agrochemicals market witnessed a volumetric sale of 289.07 million-tons in 2019, that is projected to elevate up-to 402.18 million-tons by 2030, with a CAGR of 3.0% from 2020-2030.

Market Segmentations and Scope of the Study:

The global agrochemicals market share analysis is based on type, application, crop type, and geography.

Based on type, the market is segmented into Fertilizers, Pesticides, Herbicides, Insecticides, Fungicides and Others. Based on application, the market is fragmented into Foliar, Fertigation and others. Based on crop type, the market is divided into Cereals & Grains, Oil Seed & Pulses, Fruits & Vegetables, and Others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

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Geographical Analysis:

North-America is expected to show a considerable agrochemicals market growth, owing to presence of large population and lack of cultivatable land. However, prevailing advanced infrastructures, higher technological developments followed by growing demand of agricultural commodities, are to fuel-up the growth of agrochemicals market in future. Asia-Pacific dominated the global agrochemicals market in the past, and is expected to grow at the highest CAGR, maintaining its dominance throughout the forecast period. The increasing population resulting to increasing demand of agriculture produce such as fruits, vegetables, cereals, pulses, and others for both direct consumption and processing, are supplementing the market growth in this region. Moreover, factors like increasing R&D activities and cutting-edge innovations in farming technologies as well as levitating awareness in farmers about the correct use of agrochemicals are to create lucrative opportunities in future.

Competitive Landscape:

The agrochemicals market, which is highly competitive, consists of various market players. Some of the major market players include Bayer AG, Agrium Inc., BASF SE, Dow AgroSciences LLC, Monsanto Company, E. I. du Pont Nemours and Company, Syngenta AG, Sumitomo Chemical Co., Yara International ASA and The Mosaic Co. among others.

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