Global Markets for Agrochemicals

Report Highlights

The global market for agrochemicals reached $243.1 billion in 2019 and should reach $299.8 billion by 2024, at a compound annual growth rate (CAGR) of 4.3% for the period of 2019-2024.

Report Includes

• 103 data tables and 26 additional tables
• Detailed overview and industry analysis of the global agrochemicals market
• Analyses of global market trends with data from 2018, estimates for 2019, and projections of compound annual growth rates (CAGRs) through 2024
• The latest information on the leading companies engaged in research and development (R&D) and products in pipeline with SWOT analyses
• Discussion of major factors, advancements in agriculture technologies, regional trade analysis, and changing regulatory dynamics that influence the demand of this evolving market
• Tracking and analyses of partnerships, alliances, joint ventures, and mergers and acquisition details between major stakeholders
• Identification of segments with high growth potential and understand future applications in these segments
• A relevant patent analysis
• Company profiles of leading market participants within the industry, including American Vanguard Corporation, BASF SE, Bayer AG, Nufarm Ltd., Potash Corp., Sumitomo Chemical Co., and Yara International ASA

Report Scope

This research report presents an in-depth analysis of the global agrochemical market by product type and regional geographic markets. It covers the major categories of agrochemicals used for crop protection across the globe. The evolving trends and ongoing research and developments in the field of agrochemical developments have been studied in detail. The report analyses the active ingredients used in the market and not the formulations. 

This study highlights the emergence of genetically modified crops, the importance of crop protection, and the pros and cons of pesticide use. Special importance has been given to key market developments such as collaborative activities, important acquisitions, new product launches, and strategic agreements between top players. An analysis of the key drivers and factors either affecting or influencing the growth of this market is also included in this report. The analysis also includes the current and projected markets for agrochemicals across geographic regions while considering different parameters (e.g., government regulations, climatic conditions, and crop production). 

The global agrochemical market is mainly segmented into types and regions. Types of agrochemicals are principally categorized into pesticides and fertilizers. Pesticides primarily include herbicides, insecticides, and fungicides. Nitrogenous, phosphatic, potassic, and biofertilizers are covered under the fertilizer category. In terms of geography, the market is categorized by North America, Europe, Asia-Pacific, and the rest of the world. ROW primarily consists of economies such as Brazil, Argentina, Egypt, South Africa, Chile, Colombia, Turkey, Iraq, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates

Analyst Credentials

Jason Chen has been an analyst and consultant for the polymer, composite, fiber, textile and energy industries for 18 years. He works as a researcher, writer and/or editor for the American Composites Manufacturers Association (ACMA), China Textile Academy (CTA), China Chemical Fiber Association (CCFA), International Fiber Journal, Filtration News, Platts Emission Daily, Vision Systems Design, Pesticide and Toxic Chemical News and MobileTex. Currently he is the chief scientist of a company endeavoring to reduce China's air and water pollution. He has a degree in Civil Engineering, Chemicals and Advanced Materials from Shantou University.