Agrochemicals Market SWOT Analysis, Top Players - BASF SE, The DOW Chemical Company, Bayer CropScience AG, ADAMA Ltd

The global agrochemicals market is poised for robust growth, with a projected revenue of USD 459.79 billion by 2028, marking a significant increase from USD 322.40 billion in 2022. This forecasted growth reflects a rapid revenue (CAGR) of 4.7% during the forecast period. Key factors driving this expansion include the escalating demand for food due to the burgeoning global population, the imperative for high crop productivity, and favorable governmental policies, subsidies, and regulations.

Agrochemicals encompass chemical or biological formulations crucial for enhancing the quality and yield of crops. These formulations primarily fall into two categories: fertilizers and pesticides. Fertilizers replenish soil nutrients depleted by recurrent cultivation, while pesticides shield crops against pests and weeds that could jeopardize harvests. With the global population anticipated to soar from 8 billion individuals in 2022 to around 9.7 billion by 2050, the role of agrochemicals in maximizing agricultural productivity becomes increasingly paramount.

Downoad Free Sample PDF Copy Of This Report At: https://www.emergenresearch.com/request-sample/2626

Market Drivers: Agrochemicals, including insecticides, fertilizers, and pesticides, are indispensable for augmenting agricultural productivity and crop yields. Fertilizers play a crucial role in maintaining soil fertility and providing essential nutrients to crops, while pesticides safeguard crops against detrimental pests and diseases. The scarcity of arable land underscores the necessity of maximizing productivity through the use of agrochemicals.

Market Restraints: Stringent regulations governing the development and production of agrochemicals pose a significant challenge to market players. Compliance with such regulations not only escalates production costs but may also impede innovation in the sector, discouraging investment in Research & Development (R&D). For instance, the discontinuation of certain pesticides in the European Union highlights the regulatory hurdles faced by agrochemical manufacturers.

Market Trends: A notable trend in the market is the increasing adoption of environmentally friendly bio-agrochemicals. The adverse effects associated with synthetic agrochemicals have propelled the demand for biological alternatives in modern agriculture. Bio pesticides, derived from natural sources such as canola oil and baking soda, offer effective pest control while minimizing environmental harm. Furthermore, the utilization of fungi, bacteria, and soil-borne organisms in agrochemical development underscores a growing emphasis on sustainable agricultural practices.

Market Segment Insights: Agrochemicals Product Type Insights:

• Dominance of Fertilizers Segment: Fertilizers constitute the largest share of the global agrochemicals market, driven by the increasing need to enhance soil fertility and sustain agricultural practices. Nitrogenous fertilizers, such as urea and ammonia, play a pivotal role in promoting rapid plant growth and improving crop texture and color.

• Moderate Growth for Pesticide Segment: The pesticides segment is expected to witness moderate growth, fueled by the imperative to protect crops from pests and diseases. Advancements in pesticide formulations that mitigate environmental and health risks contribute to segmental growth.

Agrochemicals Crop Type Insights:
• Dominance of Cereals and Grain Segment: Cereals and grains account for a significant share of the agrochemicals market, driven by rising global consumption and the necessity for fertilizer application in grain production.

• Steady Growth for Fruits and Vegetables Segment: The fruits and vegetables segment is poised for steady growth, supported by the indispensable role of agrochemicals in ensuring the quality and yield of these crops.

Agrochemicals Mode of Application Insights:

• Dominance of Soil Treatment Segment: Soil treatment commands the largest market share due to its environmental benefits, long-lasting effects, and precise application of agrochemicals. Biological soil treatment methods, in particular, offer cost-effective solutions for land remediation and nutrient replenishment.

• Fastest Growth for Foliar Spray Segment: The foliar spray segment is anticipated to witness the fastest growth, driven by its high application efficiency and minimal chemical waste. Innovations in foliar spray formulations, such as cross-spectrum herbicides, contribute to segmental expansion.

Agrochemicals Top Companies and Competitive Landscape

The global agrochemicals market is fairly fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective agrochemical products in the market.

Find More Competitor in TOC with Profile Overview Share Growth Analysis @ https://www.emergenresearch.com/industry-report/agrochemicals-market

Some major players included in the global agrochemicals market report are:

• BASF SE
• The DOW Chemical Company
• Bayer CropScience AG
• ADAMA Ltd.
• Corteva Agriscience AG
• Huntsman International LLC
• Croda International Plc
• FMC Corporation
• Evonik Industries AG
• Helena Agri-Enterprises, LLC
• Nufarm Ltd
• Nutrien Ltd
• Yara International ASA
• Solvay
• Sumitomo Chemical Co., Ltd.

Agrochemicals Latest Industry News

• In November 2022, Bayer AG developed Adengo is a pre-emergent herbicide. It works on both broad-leaf plants and thin layers and has two active principles, isoxaflutole and thiencarbazone, each of which has a unique mode of action. Bayer AG has expanded its crop protection offering and introduced the herbicide Adengo to better serve maize farmers.

• In September 2022, FMC introduced three new soil fertility and pest management solutions. The goal of this launch was to assist Indian farmers in increasing their yields by utilizing higher-quality food and healthier soil.

• In June 2022, the UPL Limited, a multinational supplier of innovative agricultural solutions to farmers and agribusinesses, introduced innovative pesticides in India that are specifically made to target harmful rice pests and contain the patented active ingredient flupyrimin. Rice pests including Brown Plant Hoppers (BPH) and Yellow Stem Borers (YSB) can be effectively controlled by residual application of flupyrimin.

Agrochemicals Market Segment Analysis

For the purpose of this report, Emergen Research has segmented global agrochemicals market on the basis of product type, crop type, mode of application, and region:

• Product Type Outlook (Revenue, USD Billion; 2019-2032)
o Fertilizers
o Nitrogenous Fertilizers
1. Urea
2. Ammonium Nitrate
3. Ammonium Sulfate
4. Ammonia
5. Calcium Ammonium Nitrate
6. Other Nitrogenous Fertilizers

o Phosphatic Fertilizers
1. Diammonium Phosphate
2. Monoammonium Phosphate
3. Triple Superphosphate
4. Other Phosphatic Fertilizers

o Potassic Fertilizers
1. Potassium Chloride
2. Potassium Sulfate
3. Other Potassic Fertilizers

o Pesticides
1. Insecticides
2. Herbicides
3. Fungicides
4. Nematicides
5. Other Pesticide types

o Plant Growth Regulators
0. Auxins
1. Gibberellins
2. Cytokinins
3. Abscisic Acid
4. Ethylene
5. Other Types
o Others

• Crop Type Outlook (Revenue, USD Billion; 2019-2032)

o Cereals & Grains
1. Corn
2. Wheat
3. Rice
4. Other Cereals & Grains

o Oilseeds & Pulses
1. Soybean
2. Sunflower
3. Other Oilseeds & Pulses

o Fruits & Vegetables
1. Apples
2. Cucumbers
3. Grapes
4. Pears
5. Potatoes
6. Bananas
7. Avocado
8. Tomatoes
9. Other Fruits & Vegetables
o Other Crop Types

• Mode of Application Outlook (Revenue, USD Billion; 2019-2032)
o Seed Treatment
o Foliar Spray
o Soil Treatment
o Fertigation
o Other Modes of Application

Enquire for customization in Report @: https://www.emergenresearch.com/request-for-customization/2626

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Russia
8. Rest of Europe
o Asia Pacific
1. China
2. Japan
3. South Korea
4. India
5. ASEAN Countries
6. Oceania
7. Rest of APAC
o Latin America
1. Brazil
2. Mexico
3. Rest of LATAM
o Middle East & Africa
1. GCC Countries
2. Israel
3. Turkey
4. South Africa
5. Rest of Middle East & Africa

The projected growth of the global agrochemicals market underscores the vital role of these formulations in ensuring food security and sustaining agricultural productivity in the face of mounting challenges.

Checkout Our Some More Trending Research Report

Blue Hydrogen Market
https://www.globenewswire.com/news-release/2020/12/07/2140241/0/en/Blue-Hydrogen-Market-To-Reach-USD-2-48-Billion-By-2027-Growing-at-a-CAGR-of-14-8-Emergen-Research.html

Needle Coke Market
https://www.globenewswire.com/fr/news-release/2020/12/08/2141170/0/en/Needle-Coke-Market-Size-To-Be-Worth-USD-5-88-Billion-by-2027-Growing-at-a-CAGR-of-6-5-Emergen-Research.html

Video Surveillance Market
https://www.globenewswire.com/news-release/2020/12/08/2141556/0/en/Video-Surveillance-Market-to-be-Worth-USD-86-53-Billion-by-2027-Growing-at-a-CAGR-of-9-6-Emergen-Research.html

Light Weapons Market
https://www.globenewswire.com/news-release/2020/12/08/2141557/0/en/Light-Weapons-Market-to-be-Valued-at-USD-17-39-Billion-by-2027-Growing-at-a-CAGR-of-4-8-Emergen-Research.html

Free Space Optics (FSO) Communication Technology Market
https://www.globenewswire.com/news-release/2020/12/08/2141650/0/en/Free-Space-Optics-FSO-Communication-Technology-Market-to-Reach-USD-3-507-8-Million-by-2027-Emergen-Research.html

Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights

About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

This release was published on openPR.