Agrochemicals Market Study including Growth Factors, Types and Application from 2022 to 2028

Posted on 2022-08-03 by researchinsights in Chemicals // 0 Comments

San Francisco, California , USA, Aug 04, 2022 — /EPR Network/ —

Agrochemicals Industry Overview

The global agrochemicals market size was valued at USD 218.5 billion in 2020 and is anticipated to grow at a compound annual growth rate (CAGR) of 2.8% from 2021 to 2028.

The market growth is dependent on pest attacks, crop yields, and agriculturists’ awareness levels & capacity to buy products depending on their availability of credit. Increasing demand for insecticides across the globe is also a major factor driving the market growth. Agrochemicals production has been impacted to some extent owing to the COVID-19 pandemic. Before the pandemic, some countries were dependent on China for raw material supply. Restrictions imposed on transportation and imports across borders in various nations have resulted in a shortage of raw materials.

Gather more insights about the market drivers, restrains and growth of the Global Agrochemicals market

However, the market has recovered quickly as the governments of various nations have control over the essential business market. Agrochemicals are made of chemical substances and undergo various processes that release toxic gases and fumes, which can be harmful to the environment. Although beneficial for the crops, agrochemicals can have harmful effects on humans and animals. Thus, various regulatory authorities, such as Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH), and the Environmental Protection Agency (EPA), address them by mapping and monitoring the toxicity emission within permissible levels. Thus, regulations on the usage of agrochemicals by various authorities in different nations are the major restraining factors for the market.

For instance, in Brazil, regulation for agrochemicals lies under Law 7,802 regulated by Decree 4,074. In India, pesticides are regulated through the Insecticides Act 1968 and Insecticides Act 1971. Similarly, various other regulations are there for different agrochemicals to limit their toxicity in the environment. Increasing regulations and growing demand for green products have influenced manufacturers to develop eco-friendly bio-based products. Thus, various companies are focusing on manufacturing bio-based agricultural products. For instance, Marrone Bio Innovation utilizes naturally occurring microorganisms and plants to develop high-performance eco-friendly bio-based agricultural products that promote crop health and manage pests, weeds, and crop diseases.

Browse through Grand View Research’s Agrochemicals & Fertilizers Industry Research Reports.

Phosphate Fertilizer Market – The global phosphate fertilizer market size was valued at USD 61.63 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.7% from 2022 to 2040.
Nitric Acid Market – The global nitric acid market size was valued at USD 29.2 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 2.3% from 2022 to 2030.

Agrochemicals Market Segmentation

Grand View Research has segmented the global agrochemicals market on the basis of product, application, and region:

Agrochemicals Product Outlook (Volume, Thousand Tons; Revenue, USD Million, 2017 – 2028)
- Fertilizers
- Crop Protection Chemicals
- Plant Growth Regulators
- Others
Agrochemicals Application Outlook (Volume, Thousand Tons; Revenue, USD Million, 2017 – 2028)
- Cereal & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
Agrochemicals Regional Outlook (Volume, Thousand Tons; Revenue, USD Million, 2017 – 2028)
- North America
- Europe
- Asia Pacific
- Central and South America
- Middle East & Africa (MEA)

Key Companies profiled:

Some prominent players in the global Agrochemicals market include

Clariant AG
BASF SE
Huntsman International LLC
Bayer AG
The DOW Chemical Company
Solvay
Nufarm
Evonik Industries AG
Croda International Plc
Helena Agri-Enterprises, LLC
Ashland, Inc.
Land O’ Lakes, Inc.
FMC Corp.
ADAMA Ltd.
Stepan Company

Order a free sample PDF of the Agrochemicals Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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