PUBLISHER: Polaris Market Research | PRODUCT CODE: 1507215
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1507215
U.S. Agrochemicals Market Share, Size, Trends, Industry Analysis Report, By Fertilizer Type (Nitrogen Fertilizer, Phosphatic Fertilizer); By Pesticide Type; By Crop Type; By Mode of Application; Segment Forecast, 2024 - 2032
The U.S. agrochemicals market size is expected to reach USD 46.07 billion by 2032, according to a new study by Polaris Market Research. The report "U.S. Agrochemicals Market Share, Size, Trends, Industry Analysis Report, By Fertilizer Type (Nitrogen Fertilizer, Phosphatic Fertilizer); By Pesticide Type; By Crop Type; By Mode of Application; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Plant growth regulators are chemicals that influence the growth and development of plants, including hormones that regulate plant growth processes such as flowering, fruiting, and ripening. The U.S. agrochemicals market includes plant growth regulators used to enhance crop quality, yield, and uniformity in various crops. Soil conditioners and amendments are products used to improve soil structure, fertility, and health, enhancing its ability to support plant growth and productivity. This category includes products such as soil pH adjusters, soil conditioners, organic matter amendments, and soil health enhancers.
With the rising U.S. population, food security is necessary, coupled with the uphill task of increasing the fertility rate of existing agricultural land. To facilitate more crop production within the given landmass, sustainable agrochemicals play a key role.
For instance, according to a survey conducted by Feeding America, in 2023, around 95% of the country's food banks witnessed a surge in demand for food scarcity in underserved areas in April and May, as compared to 65% in February.
The rising prevalence of plant-based diseases, followed by lower production, is fueling investments in agricultural research activities. The increasing new product innovations by the key players are optimally influencing the agrochemicals market. Furthermore, the growing adoption of technology is playing a vital role in promoting awareness about agrochemicals and fueling new product development in the country.
The rising prevalence of food insecurity in the United States is positively influencing the demand for basic food products, leading to an increased need for agricultural production. According to Feeding America, approximately 49 million people in the country depend on food assistance organizations.
This is enabling farmers to utilize fertilizers in their crops. Moreover, with the growing incidence of plant diseases, farmers are significantly fueling the adoption of fungicides and other chemicals. The capability to improve yield productivity is further bolstering U.S agrochemical market expansion.
U.S. Agrochemicals Market Report Highlights
The nitrogen fertilizer segment is anticipated to witness the highest growth in the coming years due to its ability to supply plant nutrients instantly, driving plant growth.
In 2023, the herbicides segment accounted for the largest market share owing to the rising growth of weeds on agricultural farms.
The U.S. players include ADAMA Ltd., Sumitomo Chemical, BASF SE, Marubeni Corporation, Clariant AG, Croda International Pic, and more.
Polaris Market Research has segmented the U.S. agrochemicals market report based on fertilizer type, pesticides type, crop type, mode of application:
U.S. Agrochemicals, Fertilizer Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Nitrogen Fertilizer
- Phosphatic Fertilizer
U.S. Agrochemicals, Pesticides Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Fungicides
- Herbicides
U.S. Agrochemicals, Crop Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Cereals & Grains
- Oilseeds & Pulses
U.S. Agrochemicals, Mode of Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Foliar
- Fertigation
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. U.S. Agrochemicals Market Insights
- 4.1. U.S. Agrochemicals Market - Industry Snapshot
- 4.2. U.S. Agrochemicals Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising concerns about food safety
- 4.2.1.2. Increasing collaborations in agrochemical development
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Government policies to promote sustainable farming
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. U.S. Agrochemicals Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. U.S. Agrochemicals Market, by Fertilizer Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. U.S. Agrochemicals, by Fertilizer Type, 2019-2032 (USD Billion)
- 5.3. Nitrogen Fertilizer
- 5.3.1. U.S. Agrochemicals Market, by Nitrogen Fertilizer, 2019-2032 (USD Billion)
- 5.4. Phosphatic Fertilizer
- 5.4.1. U.S. Agrochemicals Market, by Phosphatic Fertilizer, 2019-2032 (USD Billion)
6. U.S. Agrochemicals Market, by Pesticide Type
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. U.S. Agrochemicals Market, by Pesticide Type, 2019-2032 (USD Billion)
- 6.3. Fungicides
- 6.3.1. U.S. Agrochemicals Market, by Fungicides, 2019-2032 (USD Billion)
- 6.4. Herbicides
- 6.4.1. U.S. Agrochemicals Market, by Herbicides, 2019-2032 (USD Billion)
7. U.S. Agrochemicals Market, by Crop Type
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. U.S. Agrochemicals Market, by Crop Type, 2019-2032 (USD Billion)
- 7.3. Cereal & Grains
- 7.3.1. U.S. Agrochemicals Market, by Cereal & Grains, 2019-2032 (USD Billion)
- 7.4. Oilseeds & Pulses
- 7.4.1. U.S. Agrochemicals Market, by Oilseeds & Pulses, 2019-2032 (USD Billion)
8. U.S. Agrochemicals Market, by Mode of Application
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. U.S. Agrochemicals Market, by Mode of Application, 2019-2032 (USD Billion)
- 8.3. Foliar
- 8.3.1. U.S. Agrochemicals Market, by Foliar, 2019-2032 (USD Billion)
- 8.4. Fertigation
- 8.4.1. U.S. Agrochemicals Market, by Fertigation, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. ADAMA Ltd
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Fertilizer Type Benchmarking
- 10.1.4. Recent Development
- 10.2. Sumitomo Chemical
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Fertilizer Type Benchmarking
- 10.2.4. Recent Development
- 10.3. BASF SE
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Fertilizer Type Benchmarking
- 10.3.4. Recent Development
- 10.4. Marubeni Corporation
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Fertilizer Type Benchmarking
- 10.4.4. Recent Development
- 10.5. Clariant AG
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Fertilizer Type Benchmarking
- 10.5.4. Recent Development
- 10.6. Croda International Pic
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Fertilizer Type Benchmarking
- 10.6.4. Recent Development
- 10.7. Evonik Industries AG
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Fertilizer Type Benchmarking
- 10.7.4. Recent Development
- 10.8. Helena Agri-Enterprises, LLC
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Fertilizer Type Benchmarking
- 10.8.4. Recent Development
- 10.9. Solvay
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Fertilizer Type Benchmarking
- 10.9.4. Recent Development
- 10.10. Stepan Company
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Fertilizer Type Benchmarking
- 10.10.4. Recent Development
List of Tables
- Table 1 U.S. Agrochemicals Market, by Pesticide Type, 2019-2032 (USD Billion)
- Table 2 U.S. Agrochemicals Market, by Fertilizer Type, 2019-2032 (USD Billion)
- Table 3 U.S. Agrochemicals Market, by Crop Type, 2019-2032 (USD Billion)
- Table 4 U.S. Agrochemicals Market, by Mode of Application, 2019-2032 (USD Billion)
List of Figures
- Figure 1 U.S. Agrochemicals Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 5 Porter's Five Forces
- Figure 6 Market by Pesticide Type
- Figure 7 U.S. Agrochemicals Market, by Pesticide Type, 2021 & 2030 (USD Billion)
- Figure 8 Market by Fertilizer Type
- Figure 9 U.S. Agrochemicals Market, by Fertilizer Type, 2021 & 2030 (USD Billion)
- Figure 10 Market by Crop Type
- Figure 11 U.S. Agrochemicals Market, by Crop Type, 2021 & 2030 (USD Billion)
- Figure 10 Market by Crop Type
- Figure 11 U.S. Agrochemicals Market, by Mode of Application, 2021 & 2030 (USD Billion)
- Figure 13 Strategic Analysis - U.S. Agrochemicals Market
