Agrochemicals
Agrochemicals Market by Product Type (Biopesticides, Fungicides, Herbicides), Application (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses), Mode Of Action, Origin, Formulation, End Users - Global Forecast 2025-2030
SKU
MRR-431B7BFFBF49
Region
Global
Publication Date
February 2025
Delivery
Immediate
2024
USD 86.26 billion
2025
USD 91.00 billion
2030
USD 118.28 billion
CAGR
5.40%
360iResearch Analyst Ketan Rohom
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The Agrochemicals Market size was estimated at USD 86.26 billion in 2024 and expected to reach USD 91.00 billion in 2025, at a CAGR 5.40% to reach USD 118.28 billion by 2030.

Agrochemicals Market
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The agrochemicals market encompasses a wide range of chemical products used in agricultural activity, including fertilizers, pesticides, insecticides, herbicides, and fungicides. These chemicals are essential for enhancing crop yield, protecting plants from pests and diseases, and maintaining soil fertility. The necessity of agrochemicals arises from the increasing global food demand due to population growth, driving the need for improved agricultural productivity and efficiency. Their applications are diverse, ranging from crop protection to soil enhancement, and their end-use spans across various sectors, including commercial agriculture, horticulture, and forestry.

Market insights reveal that key growth influencers include technological advancements in bio-based agrochemicals, increasing investments in R&D, and supportive government policies promoting sustainable agriculture. Notable potential opportunities lie in the expansion of biopesticides and biofertilizers due to the rising trend towards organic farming and consumer preference for chemical-free products. Companies could explore partnerships with biotechnology firms to innovate sustainable agrochemical solutions, tapping into the organic farming sector with products that are environmentally friendly yet effective.

However, the market faces limitations such as stringent environmental regulations and the growing opposition to synthetic chemical use due to potential negative health and environmental impacts. Moreover, challenges like the high cost of innovation and R&D, as well as resistance development in pests, could hinder growth.

To overcome these challenges, focusing on innovative areas such as integrated pest management systems, the development of precision agriculture technologies, and the use of AI for predictive analytics could be beneficial. These technologies not only enhance product efficacy but also address environmental concerns. In terms of market nature, agrochemicals are highly competitive, characterized by significant M&A activity and collaborations aimed at diversifying product portfolios and expanding market reach. For businesses, leveraging data analytics to optimize supply chains and customer engagement could lead to significant growth and sustainability in this evolving market landscape.

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Market Dynamics

The market dynamics represent an ever-changing landscape of the Agrochemicals Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Government policies favoring subsidies and incentives for agrochemical use in agriculture
    • Increasing incidences of pest attacks and crop diseases pushing up demand for crop protection products
    • Climate change impacts increasing the need for crop protection and resilient agricultural practices
  • Market Restraints
    • Critical hindrances affecting the distribution and adoption of agrochemicals within agriculture sectors
    • Factors hindering the expansion of the agrochemicals market in emerging and developed regions
    • Diverse setbacks experienced by agrochemical manufacturers in leveraging new market opportunities
  • Market Opportunities
    • Bio-pesticides market expansion is driven by the growing consumer demand for organic food products
    • The adoption of drones for agrochemical application enhances efficiency and reduces environmental impact
    • Urban agriculture growth creates demand for compact agrochemical solutions tailored for urban settings
  • Market Challenges
    • Adapting to technological advancements and integrating precision agriculture solutions effectively
    • Identifying fluctuating demand patterns and balancing supply chains in the agrochemical industry
    • Understanding the impact of climate change on crop yields and subsequent agrochemical demand shifts

Market Segmentation Analysis

  • Product type: Expansion of glufosinate for its safer environmental profile

    The agrochemicals market is intricately based on product type, revealing distinct trends, preferences, and innovations. The biopesticides, including beneficial insects and biochemical subcategories, underscore a growing preference for sustainable agriculture practices. Beneficial insects cater to pest control needs without chemical intervention, while biochemical solutions are gaining traction with their environmentally friendly profiles. Leading manufacturers such as Bayer AG and Syngenta AG are enhancing their R&D and commercialization activities to tap into this expanding market. Recent strategic partnerships and acquisitions have bolstered their biopesticide portfolio, catering to an emergent global demand for organic farming solutions. Fungicides, distinctly categorized into Benomyl, Chlorothalonil, and Triazole, continue to dominate due to their critical role in controlling crop diseases. Triazoles have maintained significant market shares due to their versatile application across various crops, with companies such as BASF SE implementing advanced formulations to address resistance issues. However, regulations controlling fungicide residues in food products push manufacturers toward innovation, focusing on safer, reduced-residue formulations. Herbicides further diversify, with atrazine, glucose, and glyphosate taking central stages. Glyphosate’s widespread adoption is undeniable due to its broad-spectrum efficacy. However, regulatory challenges, particularly in Europe, are prompting shifts toward alternatives such as Glufosinate, gradually increasing its market presence due to a perceived safer environmental profile. Companies such as Dow AgroSciences LLC are investing in research to improve the selectivity and sustainability of these products. Insecticides, divided into biologicals, carbamates, organophosphate, and pyrethroids, showcase a diverse application range. Biological insecticides, especially microbial-based solutions, are expanding rapidly, driven by the organic agricultural sector and consumer inclination toward chemical reduction. Microbial insecticides have witnessed growing investment from companies such as Novozymes, emphasizing biocontrol methods that promise lower environmental impact and latency. Despite the shift toward biologicals, pyrethroids retain strong market footholds in many regions due to their cost-effectiveness and ease of use. These need-based preferences are influenced heavily by regional agricultural practices, climate conditions, and pest populations, with emerging markets in Asia-Pacific and Latin America exhibiting a solid uptick in adoption rates due to rising agrarian output requirements. Recent technological advancements have unveiled emerging applications such as precision application techniques and integrated pest management (IPM) strategies that incorporate a mix of chemical and biological controls, adhering to sustainable agricultural trends. Key industry players leverage digital transformation strategies to enhance product efficiency and align with sustainable agriculture frameworks. The Exploration of digitally enabled "smart" agrochemical applications stands out, allowing farmers to optimize usage, address specific pest challenges effectively, and minimize environmental footprints. The market dynamics reflect a balance between traditional broad-spectrum products and innovative biochemistries, underlined by an undeniable shift towards agricultural sustainability and regulatory compliance. As manufacturers strive to develop resilient, eco-compatible solutions, the global agrochemicals market is poised for transformative growth driven by synthesizing advanced technologies and evolving consumer preferences.

  • Application: Rising consistent government-backed research and infrastructural improvements globally for cereals and pulses

    Comprehensive analysis shows distinct trends and preferences across cereals & grains, fruits & vegetables, and oilseeds & pulses in evaluating the agrochemicals market via application-based. Beginning with cereals & grains, the market can be dissected into coarse grains, rice, and wheat. This segment remains crucial as 60 percent of the world's food production centers are here, prompting agrochemical developers such as Monsanto and Syngenta to focus intensely on yield-improving technologies. Coarse grains, characterized by lower price elasticity, require herbicides and drought-resistant solutions. Rice commands a 25 percent share in agrochemical demand, emphasizing technologies fighting paddy pests, while wheat sees fungicides as pivotal owing to rust disease vulnerabilities. Fruits & vegetables are analyzed through citrus fruits, potatoes, and tomatoes. This grapples with a demand for niche pest resistance solutions. Bayer AG crop science dominates in Citrus, spotlighted by its sterile insect technique to control fruit flies. In contrast, potatoes and tomatoes, driven by high-value export needs, prioritize nematicides and plant growth regulators. The flourishing organic farming trend signifies a shift, fostering bio-pesticide development. Within oilseeds & pulses, dissected into peanut, rapeseed, and soybean, the soybean sector dominates by volume, driven by GMO variants accommodated by BASF AG and DuPont. Rapeseed's rising biodiesel utility underscores the demand for specific fungicides combating sclerotinia stem rot. Peanuts, susceptible to aflatoxin contamination, have spurred innovative soil health strategies from UPL Limited. Comparatively, the market witnesses accelerated activity in cereals & grains, with a 5 percent Compound annual growth rate (CAGR) due to consistent government-backed research and infrastructural improvements globally. Fruits & Vegetables, while slightly slower-growing, expose opportunities for organic product lines and value-chain integrations aimed at minimizing food waste. Oilseeds & Pulses present a balanced CAGR reflecting moderate innovation and staple reliance. Recent industry news highlights Corteva Agriscience's launch of cutting-edge seed treatments, enhancing productivity and signaling a competitive landscape advancement since its departure from DowDuPont. Moreover, the commercialization activities reveal Bayer's pivot toward next-gen digital farming solutions, marrying data analytics with agrochemical applications, thereby repurposing priorities by enhancing farmers' decision-making agility. Emerging applications include integrating biologicals within existing chemical offerings, now becoming mainstream for improved sustainability in cereals & grains, as seen with UPL's ProNutiva platform. Furthermore, IoT-based precision agriculture tools, showcased by John Deere, make sizeable inroads into fruit & vegetable applications, particularly in real-time crop monitoring. The Oilseeds & Pulses sector witnesses burgeoning interest in RNA-interference technologies, featuring Monsanto's early-stage experimentation to fortify crop resistance naturally. Overall, the market encapsulates a dynamic blend of traditional and emerging strategies, pivoting towards sustainable agriculture paradigms that cater to rising global food security challenges and leveraging digital integration, environmental viability, and cross-segmental synergies to spur comprehensive growth and innovation.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Agrochemicals Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

PESTLE Analysis

The PESTLE analysis offers a comprehensive tool for understanding and analyzing the external macro-environmental factors that impact businesses within the Agrochemicals Market. This framework examines Political, Economic, Social, Technological, Legal, and Environmental factors, providing companies with insights into how these elements influence their operations and strategic decisions. By using PESTLE analysis, businesses can identify potential opportunities and threats in the market, adapt to changes in the external environment, and make informed decisions that align with current and future conditions. This analysis helps companies anticipate shifts in regulation, consumer behavior, technology, and economic conditions, allowing them to better navigate risks and capitalize on emerging trends.

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Agrochemicals Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Agrochemicals Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Recent Developments

  • Best Agrolife launches 8 new agrochemical formulations

    Best Agrolife is the leading producer of agrochemicals throughout India and they have just released eight brand new formulations. Each of the formulas is guaranteed to provide high performance and an increase in crop efficiency. The products are suitable for everything from farmyard maintenance to minor pest control as well, so farmers can rest assured that their crops will be free from any hazardous elements. Thanks to these chemical formulations, many rural areas, regions and towns can benefit from a great all-round agricultural solution. Not only do these agrochemical solutions offer better results than before, but they also help contribute to a sustainable farming system overall. [Published On: February 16, 2023]

  • Saudi Arabia signs $1billion deal with Indian firm to produce specialized agricultural chemicals

    The agrochemicals market is an ever growing industry with its roots embedded in numerous sectors of the business and economy world. It is so pervasive that it regularly affects nations on an international basis and on a domestic scale. The market's lucrative offerings include products such as fertilizers, pesticides, plant growth regulators and biostimulants designed to increase crop yield, food security, environmental benefits, farm incomes and ward off soil diseases to name a few. Factors such as the rising awareness of consumers toward the access of sustainable food sources and technological advancements have been key triggers for the uprise in agrochemicals development within this field for all stakeholders involved. [Published On: January 22, 2023]

  • Agrochemicals maker Safex Chemicals to invest Rs 100 crore in agri-tech segment in next 3-4 years

    Agrochemicals maker Safex Chemicals is making a substantial investment in the agriculture technology sector over the next 3-4 years. The company plans to invest an estimated USD 12.08 million towards improving productivity, product innovation and providing farmers with better access to resources. Safex Chemicals believes this investment will help create a more sustainable agricultural ecosystem which achieves higher yields and encourages healthy production methods. With India being one of the world’s top producers of agrochemicals, Safex Chemicals is confident that its strategic investment in agri-tech will open up new opportunities for growth. [Published On: January 03, 2023]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Agrochemicals Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Agrochemicals Market, highlighting leading vendors and their innovative profiles. These include ADAMA Agricultural Solutions Limited, AdvanSix, AgroFresh Solutions, Inc., Alligare LLC, American Industries Inc., American Vanguard Corporation, Ascot Pro-G, Azelis Agricultural & Environmental Solutions, BASF SE, Bayer AG, Certis Europe B.V., CF Industries Holdings, Inc., Corteva, Inc., CVR Partners, LP, Detia Degesch GmbH, DGL Group, Dow AgroSciences LLC, Drexel Chemical Company, DuPont de Nemours, Inc., Eastman Chemical Company, ELS Products Corp, EuroChem Group, FMC Corporation, Gowan Group, Helena Agri-Enterprises, LLC, Hockley International Limited, Ichiban Crop Science Limited, Indo Japan Crop Science, Intrepid Potash, Inc., Israel Chemicals Limited, Kenergy, LLC, Lake Restoration, Inc., LANXESS Deutschland GmbH, Lewis Industrial Supply, Living Water Aeration, Mitsui Chemicals Agro, Inc., Nihon Nohyaku Co., Ltd., Nissan Chemical Corporation, Nufarm Ltd., PBI-Gordon Corporation, Penta 5usa, LLC, Pro-line Industrial Products, R.S. Hughes Co., Inc., SFM Chemicals GmbH, Simonis B.V., SQM SA, Sumitomo Chemical Co., Ltd., Syngenta AG, The Andersons, Inc., The Chemical Company, The Mosaic Company, Timberline Chemical, Inc., UPL Limited, and Yara International ASA.

Market Segmentation & Coverage

This research report categorizes the Agrochemicals Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Product Type
    • Biopesticides
      • Beneficial Insects
      • Biochemical
    • Fungicides
      • Benomyl
      • Chlorothalonil
      • Triazole
    • Herbicides
      • Atrazine
      • Glufosinate
      • Glyphosate
    • Insecticides
      • Biologicals
        • Microbial
      • Carbamates
      • Organophosphate
      • Pyrethroids
  • Application
    • Cereals & Grains
      • Coarse Grains
      • Rice
      • Wheat
    • Fruits & Vegetables
      • Citrus Fruits
      • Potatoes
      • Tomatoes
    • Oilseeds & Pulses
      • Peanut
      • Rapeseed
      • Soybean
  • Mode Of Action
    • Contact
      • Non-Systemic Contact
      • Systemic Contact
    • Systemic
  • Origin
    • Natural
      • Botanical
      • Mineral
    • Synthetic
      • Chemical
  • Formulation
    • Liquid
      • Soluble
    • Solid
      • Granular
      • Powder
  • End Users
    • Commercial Growers
      • Nurseries
      • Orchards
    • Farmers
    • Pest Control Operators
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Agrochemicals Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Agrochemicals Market, by Product Type
  7. Agrochemicals Market, by Application
  8. Agrochemicals Market, by Mode Of Action
  9. Agrochemicals Market, by Origin
  10. Agrochemicals Market, by Formulation
  11. Agrochemicals Market, by End Users
  12. Americas Agrochemicals Market
  13. Asia-Pacific Agrochemicals Market
  14. Europe, Middle East & Africa Agrochemicals Market
  15. Competitive Landscape
  16. List of Figures [Total: 29]
  17. List of Tables [Total: 900 ]
  18. List of Companies Mentioned [Total: 54]
Frequently Asked Questions
  1. How big is the Agrochemicals Market?
    Ans. The Global Agrochemicals Market size was estimated at USD 86.26 billion in 2024 and expected to reach USD 91.00 billion in 2025.
  2. What is the Agrochemicals Market growth?
    Ans. The Global Agrochemicals Market to grow USD 118.28 billion by 2030, at a CAGR of 5.40%
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    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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