Global Agrochemicals Market Size Study, by Type, by Pesticide Type, by Fertilizers Type, by Crop Type, and Regional Forecasts 2022-2032

Description

The global agrochemicals market was valued at approximately USD 271.42 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2032, reaching a market size of USD 446.65 billion by 2032. Agrochemicals, encompassing fertilizers, pesticides, and plant growth regulators, play a pivotal role in modern agriculture by enhancing crop yield and safeguarding plants against pests, diseases, and weeds. These chemical products are integral to ensuring large-scale food production and improving crop quality, thereby supporting global food security in an era of rapidly increasing population.

The burgeoning global population has led to an escalating demand for food, which in turn drives the need for higher agricultural productivity-a feat often accomplished through the strategic application of agrochemicals. Fertilizers, by enriching the soil with essential nutrients, and pesticides, by protecting crops from destructive organisms, ensure that yields are maximized. This increased productivity is crucial to meeting the rising food demand, especially as arable land becomes increasingly scarce. Also, technological advancements within the agrochemical industry have further bolstered market growth. Innovations in product formulations and delivery mechanisms have enhanced the efficacy and environmental compatibility of agrochemicals. These advancements include better-targeted products with controlled release features, along with the development of genetically modified crops tailored to specific agrochemical applications. Such technological progress not only amplifies the effectiveness of agrochemicals but also mitigates their environmental impact, thereby garnering greater acceptance among farmers and regulatory bodies alike. Also, the expansion of commercial agriculture, particularly in developing regions transitioning from traditional farming practices, has significantly augmented the adoption of agrochemicals. Commercial farms, driven by the imperative to maximize productivity and ensure consistent, high-quality outputs, are increasingly reliant on fertilizers, pesticides, and other agrochemicals. This shift is further accelerated by the growing demand for food exports and the competitive pressures faced by agricultural producers in the global market. However, the agrochemicals market faces substantial challenges, primarily stemming from environmental and health concerns. The excessive use of chemical pesticides and fertilizers has been linked to soil degradation, water contamination, and biodiversity loss, prompting stricter regulations and heightened consumer scrutiny. Additionally, the potential health risks associated with synthetic pesticides have catalyzed a shift towards organic farming and alternative pest management strategies. To navigate these challenges, agrochemical companies must innovate and invest in sustainable, environmentally friendly solutions that align with evolving regulatory and consumer demands.

The key regions analyzed in the global agrochemicals market study include North America, Europe, Asia Pacific, Latin America, and the Rest of the World. Asia Pacific is expected to dominate the market, driven by the large-scale adoption of agrochemicals in countries like China and India, where agricultural productivity is a critical concern. Meanwhile, the North American and European markets are anticipated to witness steady growth, supported by technological advancements and a strong regulatory framework.

Major market players included in this report are:

Royal Dutch Shell plc
OCP Group
SABIC
PhosAgro
Yara International
Rashtriya Chemical Fertilizer Ltd.
Adjuvants Plus Inc.
Merck KGaA
Praxair Technology, Inc.
Southern Agricultural Insecticides, Inc.

The detailed segments and sub-segments of the market are explained below:

By Type:

Fertilizers
Pesticides

By Pesticide Type:

Insecticides
Herbicides
Fungicides
Nematicides
Other Pesticide Types

By Fertilizers Type:

Nitrogenous Fertilizers
Phosphatic Fertilizers
Potassic Fertilizers

By Crop Type:

Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Other Crop Types

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Agrochemicals Market Executive Summary

1.1. Global Agrochemicals Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Pesticide Type
- 1.3.3. By Fertilizers Type
- 1.3.4. By Crop Type
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Agrochemicals Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Agrochemicals Market Dynamics

3.1. Market Drivers
- 3.1.1. Growing Food Demand
- 3.1.2. Technological Advancements
- 3.1.3. Expansion of Commercial Agriculture
3.2. Market Challenges
- 3.2.1. Environmental and Health Concerns
- 3.2.2. Regulatory Scrutiny and Consumer Awareness
3.3. Market Opportunities
- 3.3.1. Rising Demand for Organic and Sustainable Products
- 3.3.2. Emerging Markets in Developing Countries
- 3.3.3. Government Initiatives for Food Security

Chapter 4. Global Agrochemicals Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Agrochemicals Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Agrochemicals Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Fertilizers
- 5.2.2. Pesticides

Chapter 6. Global Agrochemicals Market Size & Forecasts by Pesticide Type 2022-2032

6.1. Segment Dashboard
6.2. Global Agrochemicals Market: Pesticide Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Insecticides
- 6.2.2. Herbicides
- 6.2.3. Fungicides
- 6.2.4. Nematicides
- 6.2.5. Other Pesticide Types

Chapter 7. Global Agrochemicals Market Size & Forecasts by Fertilizers Type 2022-2032

7.1. Segment Dashboard
7.2. Global Agrochemicals Market: Fertilizers Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Nitrogenous Fertilizers
- 7.2.2. Phosphatic Fertilizers
- 7.2.3. Potassic Fertilizers

Chapter 8. Global Agrochemicals Market Size & Forecasts by Crop Type 2022-2032

8.1. Segment Dashboard
8.2. Global Agrochemicals Market: Crop Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Cereals & Grains
- 8.2.2. Oilseeds & Pulses
- 8.2.3. Fruits & Vegetables
- 8.2.4. Other Crop Types

Chapter 9. Global Agrochemicals Market Size & Forecasts by Region 2022-2032

9.1. North America Agrochemicals Market
- 9.1.1. U.S. Agrochemicals Market
  - 9.1.1.1. Type breakdown size & forecasts, 2022-2032
  - 9.1.1.2. Pesticide Type breakdown size & forecasts, 2022-2032
  - 9.1.1.3. Fertilizers Type breakdown size & forecasts, 2022-2032
  - 9.1.1.4. Crop Type breakdown size & forecasts, 2022-2032
- 9.1.2. Canada Agrochemicals Market
9.2. Europe Agrochemicals Market
- 9.2.1. U.K. Agrochemicals Market
- 9.2.2. Germany Agrochemicals Market
- 9.2.3. France Agrochemicals Market
- 9.2.4. Spain Agrochemicals Market
- 9.2.5. Italy Agrochemicals Market
- 9.2.6. Rest of Europe Agrochemicals Market
9.3. Asia-Pacific Agrochemicals Market
- 9.3.1. China Agrochemicals Market
- 9.3.2. India Agrochemicals Market
- 9.3.3. Japan Agrochemicals Market
- 9.3.4. Australia Agrochemicals Market
- 9.3.5. South Korea Agrochemicals Market
- 9.3.6. Rest of Asia Pacific Agrochemicals Market
9.4. Latin America Agrochemicals Market
- 9.4.1. Brazil Agrochemicals Market
- 9.4.2. Mexico Agrochemicals Market
- 9.4.3. Rest of Latin America Agrochemicals Market
9.5. Middle East & Africa Agrochemicals Market
- 9.5.1. Saudi Arabia Agrochemicals Market
- 9.5.2. South Africa Agrochemicals Market
- 9.5.3. Rest of Middle East & Africa Agrochemicals Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. Royal Dutch Shell plc
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. OCP Group
- 10.3.3. SABIC
- 10.3.4. PhosAgro
- 10.3.5. Yara International
- 10.3.6. Rashtriya Chemical Fertilizer Ltd.
- 10.3.7. Adjuvants Plus Inc.
- 10.3.8. Merck KGaA
- 10.3.9. Praxair Technology, Inc.
- 10.3.10. Southern Agricultural Insecticides, Inc.

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes