Agrochemicals market is projected to grow at a CAGR of 3.77% over the forecast period to reach US$300.548 billion by 2022, from US$249.745 billion in 2017. Agrochemicals are witnessing high demand on account of factors such as rising demand for pesticides, an increase in popularity of genetically modified crops and the pressure on farmers to reduce the cost of crop cultivation by using highly efficient agriculture products. Agrochemicals are majorly used in agriculture, horticulture, and floriculture including a broad range of hormones, pesticides, synthetic fertilizers and chemical growth agents. Major benefits of agrochemicals include modifying the need of the crop to suit the changing weather pattern and increasing crop production by optimal use of scarce resources.
By Crop Type
By crop type, Cereals segment accounted for the substantial market share in 2016. Multinational cereals players, such as General Mills, and Kellogg with their aggressive advertisements and branding strategies are boosting the demand for cereal, which in turn is augmenting the segment’s growth. Moreover, the demand for crop protection chemicals such as pesticides and fungicides is high for this segment, as these are prone to frequent attacks from pests and insects.
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By Geography
By Geography, Asia Pacific region is expected to grow at a high rate as compared to other regions over the projected period and account for a bigger market share in 2016. Rapid urbanization coupled with rising disposable income and changing consumption pattern is driving the regional market growth. The increase in demand for processed food and rising consumption of meat and dairy products is resulting in higher demand for animal feed and is expected to propel the regional agrochemicals market growth over the next five years. Other factors like improving logistics and higher adoption of latest technologies will also contribute significantly to the market growth.
Competitive Insight
The major players discussed in the report include BASF, The Dow Chemical Company, Yara International, Monsanto, The Mosaic Company, Syngenta, Bayer CropScience, Israel Chemicals Limited, Agrium Inc., and Gharda Chemicals Limited among others
Segmentation
Agrochemicals market has been segmented by type, crop type, and geography as below:
By Type
Fertilizers
Nitrogenous Fertilizers
Phosphatic Fertilizers
Potassic Fertilizers
Pesticides
Organophosphates
Pyrethroids
Biopesticides
Neonicotinoids
Others
By Crop Type
Oilseeds
Cereals
Fruit and Vegetables
Others
By Geography
Americas
North America
U.S.
Canada
Mexico
Others
South America
Brazil
Argentina
Others
Europe Middle East and Africa
Europe
UK
Germany
France
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
Japan
China
India
Australia
Others
Table of Content
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Overview and Segmentation
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Supplier Outlook
4.6. Industry Outlook
4.7. Porter’s 5 Forces Analysis
4.8. Industry Value Chain Analysis
4.9. Industry Regulations
4.10. Scenario Analysis
5. Global Agrochemicals Market Forecast by Type (US$ billion)
5.1. Fertilizers
5.1.1. Nitrogenous Fertilizers
5.1.1.1. Market Size and Forecasts to 2022
5.1.2. Phosphatic Fertilizers
5.1.2.1. Market Size and Forecasts to 2022
5.1.3. Potassic Fertilizers
5.1.3.1. Market Size and Forecasts to 2022
5.2. Pesticides
5.2.1. Organophosphates
5.2.1.1. Market Size and Forecasts to 2022
5.2.2. Pyrethroids
5.2.2.1. Market Size and Forecasts to 2022
5.2.3. Biopesticides
5.2.3.1. Market Size and Forecasts to 2022
5.2.4. Neonicotinoids
5.2.4.1. Market Size and Forecasts to 2022
5.2.5. Other
5.2.5.1. Market Size and Forecasts to 2022
6. Global Agrochemicals Market Forecast by Crop Type (US$ billion)
6.1. Oilseeds
6.1.1. Market Size and Forecasts to 2022
6.2. Cereals
6.2.1. Market Size and Forecasts to 2022
6.3. Fruit and Vegetable
6.3.1. Market Size and Forecasts to 2022
6.4. Others
6.4.1. Market Size and Forecasts to 2022
7. Global Agrochemicals Market Forecast by Geography (US$ billion)
7.1. Americas
7.1.1. North America
7.1.1.1. U.S.
7.1.1.1.1. Market Size and Forecasts to 2022
7.1.1.2. Canada
7.1.1.2.1. Market Size and Forecasts to 2022
7.1.1.3. Mexico
7.1.1.3.1. Market Size and Forecasts to 2022
7.1.1.4. Others
7.1.1.4.1. Market Size and Forecasts to 2022
7.1.2. South America
7.1.2.1. Brazil
7.1.2.1.1. Market Size and Forecasts to 2022
7.1.2.2. Argentina
7.1.2.2.1. Market Size and Forecasts to 2022
7.1.2.3. Others
7.1.2.3.1. Market Size and Forecasts to 2022
7.2. Europe Middle East and Africa
7.2.1. Europe
7.2.1.1. UK
7.2.1.1.1. Market Size and Forecasts to 2022
7.2.1.2. Germany
7.2.1.2.1. Market Size and Forecasts to 2022
7.2.1.3. France
7.2.1.3.1. Market Size and Forecasts to 2022
7.2.1.4. Others
7.2.1.4.1. Market Size and Forecasts to 2022
7.2.2. Middle East and Africa
7.2.2.1. Saudi Arabia
7.2.2.1.1. Market Size and Forecasts to 2022
7.2.2.2. Israel
7.2.2.2.1. Market Size and Forecasts to 2022
7.2.2.3. Others
7.2.2.3.1. Market Size and Forecasts to 2022
7.3. Asia Pacific
7.3.1. Japan
7.3.1.1.1. Market Size and Forecasts to 2022
7.3.2. China
7.3.2.1.1. Market Size and Forecasts to 2022
7.3.3. India
7.3.3.1.1. Market Size and Forecasts to 2022
7.3.4. Australia
7.3.4.1.1. Market Size and Forecasts to 2022
7.3.5. Others
7.3.5.1.1. Market Size and Forecasts to 2022
……Continued
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