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Global Agriculture Chemicals Market – Industry Trends and Forecast to 2029

  • Agriculture And Animal Feed
  • Upcoming Report
  • Apr 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Agriculture And Animal Feed
  • Upcoming Report
  • Apr 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Agriculture Chemicals Market By Type (Fertilizers, Pesticides), Mode of Application (Foliar, Fertigation, Others), Crop Type (Cereals & Grains, Oilseed & Pulses, Fruits & Vegetables, Others), – Industry Trends and Forecast to 2029.

Agriculture Chemicals Market

Market Analysis and Size

Agriculture chemicals are chemical or biological formulations that have been engineered to improve crop quality and yield. Fertilizers and pesticides are two types of agriculture chemicals. Fertilizers enhance crop quality by providing essential nutrients to the crop and soil, whereas pesticides protect crops by controlling, killing, or repelling pests and weeds that can harm the crop. Given the current global population scenario, it is critical to increasing crop production within the existing arable land to feed the world's population.

Data Bridge Market Research analyses that the agriculture chemicals market was valued at USD 229.40 billion in 2021 and is expected to reach the value of USD 379.66 billion by 2029, at a CAGR of 6.50% during the forecast period of 2022 to 2029.

Market Definition

Agricultural chemicals are a large and heavily regulated sub-industry within the chemicals industry. Chemicals or chemical products used in agriculture are referred to as agrichemicals. Herbicides, pesticides, insecticides, fungicides, and synthetic fertilizers, hormones, and other chemical growth agents are all included. They are used to control weeds, diseases, insects, and pests. They are also used to increase crop growth and production.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

By Type (Fertilizers, Pesticides), Mode of Application (Foliar, Fertigation, Others), Crop Type (Cereals & Grains, Oilseed & Pulses, Fruits & Vegetables, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Bayer AG (Germany), BASF SE (Germany), Yara (Norway), Compass Minerals (US), Syngenta Crop Protection AG (Switzerland), ADAMA (Israel), Sumitomo Chemicals Co. Ltd. (Japan), Nufarm (Australia), UPL (India), K+S Aktiengesellschaft  (Germany), ICL (Israel), Rotam (South Korea), Corteva (US), FMC Corporation (US)

Opportunities

  • Technological advancements
  • Rising arable crop and yield growth
  • Shifting preference for natural food products among the general public

Agriculture Chemicals Market Dynamics

Drivers

  • Rising vegetable production as well as research and development activities

Rapid growth in greenhouse vegetable production is a critical factor driving market growth, as is the limited availability of arable land, shifting R&D investments, growing environmental concerns about the excessive use of chemicals in agriculture, rising agricultural growth in emerging markets such as South America, Africa, and the Middle East, and rising demand for agricultural products due to rising population.

  • Rapid product innovations and developments

Other growth-inducing factors include product innovations such as the development of sustainable bio-based agriculture chemicals. These alternatives are more environmentally friendly, efficient, and cost-effective compared to conventional synthetic chemicals. In line with this, the growing preference for natural food products among the general public also increases the demand for agricultural chemicals.

Other growth-inducing factors include product innovations such as the development of sustainable bio-based agriculture chemicals. These alternatives are more environmentally friendly, efficient, and cost-effective compared to conventional synthetic chemicals. In line with this, the growing preference for natural food products among the general public also increases the demand for agriculture chemicals.

Opportunity

Technological advancements and rising arable crop and yield growth will create additional opportunities to develop the agriculture chemicals market during the forecast period. The general public's shifting preference for natural food products also boosts the demand for agricultural chemicals.

Restraints

The easy availability of eco-friendly product substitutes and rising environmental concern act as market restraints for the growth of the agriculture chemicals market during the forecast period. The growing awareness of agriculture chemicals and improved efficiency will be the most difficult challenge for the market's growth.

This agriculture chemicals market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the agriculture chemicals market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Agriculture Chemicals Market

COVID-19 has had an impact on agrochemical production and supply. The global pandemic has affected the proper functioning of various industries worldwide, including the agriculture chemicals market. In terms of supply, a short-term shortage of migrant laborers and distribution bottlenecks created a large gap between the number of workers required for agrochemical production and those available. Crop production has also decreased due to a lack of laborers in large-scale plantations, reducing demand for agriculture chemicals during the pandemic.

Recent Development

  • Timeline® FX, an advanced cross-spectrum spring foliar herbicide for cereals, was introduced by Adama in February 2022. The product is designed with three Active Ingredients with complementary modes of action and a built-in adjuvant to provide growers with the broadest application window of any herbicide for controlling broadleaf and grass weeds in cereal crops.
  • Yara and Lantmännen signed a agreement in January 2022 to bring fossil-free fertilizers to market. The companies' collaboration resulted in a commercial contract for green fertilizers manufactured by Yara and marketed by Lantmännen in Sweden beginning in 2023.

Global Agriculture Chemicals Market Scope

The agriculture chemicals market is segmented on the basis of crop type, mode of application and type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Crop Type

  • Cereals
  • Pulses and oilseeds
  • Fruits and vegetables
  • Lawns and turfs
  • Others

On the basis of crop type, the agriculture chemicals market is segmented into cereals, pulses and oilseeds, fruits and vegetables, lawns and turfs, and others. 

Mode of Application

  • Foliar
  • Fertigation
  • Others

Based on mode of application, the agriculture chemicals market is segmented into foliar, fertigation, and others. 

Type

  • Pesticides
  • Fertilisers

Based on the type, the agriculture chemicals market is segmented pesticides and fertilizers. Fertilizers have been further segmented into synthetic fertilizers, phosphatic, potassic and biofertlizers. Synthetic fertilizers have been further sub-segmented into nitrogenous, urea, ammonia, calcium ammonium nitrate and other nitrogenous fertilizers. Phosphatic has been further sub-segmented into di-ammonium phosphate (DAP), mono-ammonium phosphate (MAP), triple superphosphate (TSP) and other phosphatic fertilizers. Potassic has been further sub-segmented into potassium chloride, potassium sulphate, potassium magnesium sulphate and others. Pesticides have been further sub segmented into herbicides, insecticides and fungicides. Herbicides have been further sub segmented into synthetic herbicides and bio-herbicides. Synthetic herbicides have been further bifurcated into glyphosate, atrazine, acetochlor, 2,4-D, paraquat and others. Insecticides have been further sub-segmented into synthetic insecticides and bio-insecticides. Synthetic insecticides have been further bifurcated into organophosphates, pyrethroids, methyl carbamates, neonicotinoids and others. Fungicides have been further sub-segmented into synthetic fungicides and bio-fungicides. Synthetic fungicides have been further bifurcated into dithiocarbamates, benzimidazoles, chloronitriles, triazoles, phenylamides, strobilurins and others.

Agriculture Chemicals Market Regional Analysis/Insights

The agriculture chemicals market is analyzed and market size insights and trends are provided by country, crop type, mode of application and type, as referenced above.

The countries covered in the agriculture chemicals market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the agriculture chemicals market due to rising disposable income levels, rapid urbanization, and modernization of the food sector in the region. In contrast, Europe is expected to grow in the forecast period of 2022-2029 due to increased investment in agricultural sector growth and the adoption of better water preservation technologies in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Agriculture Chemicals Market Share Analysis

The agriculture chemicals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to agriculture chemicals market.

Some of the major players operating in the agriculture chemicals market are:

  • Bayer AG (Germany)
  • BASF SE (Germany)
  • Yara (Norway)
  • Compass Minerals (US)
  • Syngenta Crop Protection AG (Switzerland)
  • ADAMA (Israel)
  • Sumitomo Chemicals Co. Ltd. (Japan)
  • Nufarm (Australia)
  • UPL (India)
  • K+S Aktiengesellschaft  (Germany)
  • ICL (Israel)
  • Rotam (South Korea)
  • Corteva (US)
  • FMC Corporation (US)


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Frequently Asked Questions

The Future Market Value of Agriculture Chemicals Market is expected USD 379.66 billion by 2029.
The Agriculture Chemicals Market is growing at a CAGR of 6.50% in the forecast by 2029.
Increasing greenhouse vegetable production, a scarcity of arable land, rising levels of investment in research and development activities, and the ease with which agriculture chemicals can be used are some of the factors that will likely boost the growth of the agriculture chemicals market.
The major players operating in the Agriculture Chemicals Market are Bayer AG (Germany), BASF SE (Germany), Yara (Norway), Compass Minerals (US), Syngenta Crop Protection AG (Switzerland), ADAMA (Israel), Sumitomo Chemicals Co. Ltd. (Japan), Nufarm (Australia), UPL (India), K+S Aktiengesellschaft (Germany), ICL (Israel), Rotam (South Korea), Corteva (US), FMC Corporation (US).