The qualitative report published by Market insights reports research on “Agro Chemicals Market and offers an in-depth examination of the current trends, latest expansions, conditions, market size, various drivers, limitations, and key players along with their profile details. The Agro Chemicals market report offers the historical data for 2017 to 2022 and also makes available the forecast data from the year 2023 to 2029 which is based on revenue. With the help of all this information research report helps the Market contributors to expand their market positions. With the benefit of all these explanations, this market research report recommends a business strategy for present market participants to strengthen their role in the market. This report analyzes the impact of the Covid 19 pandemic on the Agro Chemicals Market from a Global and Regional perspective.
The global Agro Chemicals Market size was reasonably estimated to be approximately $235.2 billion in 2023 and is poised to generate revenue over $282.2 billion by the end of 2029, projecting a CAGR of around 3.8% from 2023 to 2029.
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The agrochemicals is a critical component of the agriculture industry, providing farmers with the necessary tools to protect crops from pests and diseases while increasing yields. Agrochemicals are chemical products used in agriculture to improve crop productivity and protect crops from pests, weeds, and diseases. The market for agrochemicals includes herbicides, insecticides, fungicides, and other chemicals used for soil treatment, plant growth, and fertility improvement.
Engineered chemical or biological compositions known as agrochemicals are used to increase the yield and quality of crops. Pesticides and fertilizers are two different categories of agrochemicals. In contrast to pesticides, which protect crops by killing or controlling pests and weeds that could harm them, fertilizers improve the quality of the crop by giving the crop and soil vital nutrients. It is crucial to boost agricultural output on the currently available arable land in order to feed the world’s population in light of the existing population situation. Agrochemicals are crucial to the agriculture sector because they help farmers increase both the quality and quantity of their crops. The agrochemicals includes fertilizers, pesticides, herbicides, and other chemicals used to enhance crop yields and protect crops from pests and diseases. With the increasing need to produce more food with limited arable land and resources, the demand for agrochemicals is expected to remain strong in the coming years.
Top Key Players are covered in the Agro Chemicals Market Report:
BASF, Agrium, CF Industries Holdings, PotashCorp, Yara International, Bayer Cropscience, Dupont, Syngenta, ADAMA, Isagro, Ishihara Sangyo Kaisha, National Fertilizers, Nihon Nohyaku, Nissan Chemical, Nufarm, Rotam Cropsciences
Recent Developments:
- In November 2022, Bayer AG introduced Adengo, a pre-emergent herbicide that acts on both broad leaves and thin sheets and has two active principles with distinct modes of action: isoxaflutole and thiencarbazone. Bayer AG is catering to the needs of the corn growers by introducing Adengo herbicide and expanding the crop protection portfolio.
- In August 2022, UPL launched IMAGINE insecticide in India to help farmers control BPH. The product would be effective against jassids and stem borer buses. This launch helped UPL in combating pest attacks on paddy in India.
- In May 2021, ADAMA acquired Jiangsu Huifeng Bio Agriculture Co., Ltd. to incorporate Huifeng’s crop protection synthesis and formulation facilities in China and globally. With this strategy, ADAMA Ltd. expanded in China.
Regional Analysis:
The region-wise coverage of the market is mentioned in the report, mainly focusing on the regions:
North America (NA) – US, Canada, and Mexico
Europe (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of Europe
Asia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APAC
Latin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin America
The Middle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South Africa
Asia Pacific showed significant growth in the agrochemicals market, with a value of USD 79.4 billion in 2023; it is projected to reach USD 96.2 billion by 2029, at a CAGR of 3.9% during the forecast period.
The fertilizer industry in most countries of the Asia Pacific region has shifted its emphasis from the development of fertilizer grades to technology up-gradation, management, and durability. The projected growth rate of the Japanese market is also high compared to other regions due to the precise and advanced farming systems and controlled-environment agriculture. More global players in the market are trying to enter the Asia Pacific region through mergers & acquisitions or partnerships. The Asia Pacific market is projected to grow at the highest rate due to increased demand from countries such as India and China. The restraining factor in the Asia Pacific market is the high cost of these fertilizers.
Market Segment Analysis:
The Agro Chemicals Market Report provides a preliminary review of the industry, definitions, classifications, and enterprise chain shape. Market analysis is furnished for the worldwide markets which include improvement tendencies, hostile view evaluation, and key regions development. Development policies and plans are discussed, and manufacturing strategies and fee systems are also analyzed.
Agro Chemicals Market Segmentation by Types:
Fertilizers
Crop Protection Chemicals
Plant Growth Regulators
Others
Agro Chemicals Market Segmentation by Applications:
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Others
Production by Region
North America
Europe
China
Japan
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Significant Features and Key Highlights of the Agro Chemicals Market Reports:
– Detailed overview of The Agro Chemicals market.
– Changing market dynamics of the industry.
– In-depth market breakdown by Type, Application, etc.
– Historic, existing, and predictable market size in terms of extent and worth.
– Recent manufacturing trends and developments.
– Competitive landscape of The Agro Chemicals market.
– Approaches to significant performers and product help.
– Prospective and niche sectors/regions exhibiting promising growth.
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Detailed TOC of Agro Chemicals Market Research Report 2023 – 2029
Chapter 1 Agro Chemicals Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers and, Market data
Chapter 4 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 5 Global Production, Revenue (Value), Price Trend by Type and Region
Chapter 6 Global Market Analysis by Application
Chapter 7 Manufacturing Cost and, Gross profit Analysis
Chapter 8 Industrial Chain, Sourcing Strategy, and Downstream Buyers
Chapter 9 Marketing Strategy and, Status Analysis, Distributors/Traders
Chapter 10 Market Driving Effect Factors Analysis
Chapter 11 Global Agro Chemicals Market Trends and, Forecast
Chapter 12 Research Methodology
COVID-19 and Russia-Ukraine War Influence Analysis
The readers in the section will recognize how the Agro Chemicals market scenario changed across the globe during the pandemic, post-pandemic, and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transference, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come. These factors negatively affected the market during the war.”
The Agro Chemicals Market report gives answers to the following:
- What guidelines are followed by key performers to contest this Covid-19 condition?
- What are the important matters drivers, opportunities, challenges, and dangers of the market?
- will face surviving?
- Which are the essential market players in the Agro Chemicals industry?
- What is the forecast compound annual growth rate (CAGR) of the global market for the duration of the forecast period (2023-2029)?
- What could be the anticipated value of the Agro Chemicals marketplace during the forecast period?
Customization:
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