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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Agrochemicals Market Share
Crop Based Application To Gain Traction For The Use Wide Of Fertilisers Used During Their Growth
As per agrochemicals market analysis, crop-based applications account for a sizable share of the agrochemicals market, particularly cereals and grains types of crops as cereals and grains are commonly grown with the use of fertilisers. Cereals and grains are among the most common crops consumed worldwide, particularly in Asian nations, and a significant amount of the world's agricultural land is also utilised for these crops. The increased consumption of cereals and grains including rice, wheat, rye, corn, oats, sorghum, and barley in diverse locations is increasing the demand for crop based applications of agrochemicals. Another crop type increasing the applications of agrochemicals in crops are fruits and vegetables, due to an increase in global demand for fresh produce as people grow more health conscious.
Agrochemicals Market Report Snapshots
Agrochemicals Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the agrochemicals market attained a value of USD 239.92 billion.
The market is projected to grow at a CAGR of 3.10% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 314.87 billion by 2032.
The major drivers of the market include the rising demand for fertilisers, increasing usage of crop protection products, and growing production of advanced agrochemicals.
Rise in food demand and development of crop-specific agrochemicals are key trends propelling the growth of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major applications of agrochemicals in the market are crop based and non-crop based. Crop based are further divided into grains and cereals, pulses and oilseeds, and fruits and vegetables whereas non-crop based are sub-divided into turf and ornamental grass, among others.
The various products of agrochemicals in the market are fertilisers, pesticides, adjuvants, and plant growth regulators, among others.
The primary natures of agrochemicals are bio-based and synthetic.
The major players in the agrochemicals market are Solvay S.A., Clariant AG, Evonik Industries AG, Ashland Global Holdings Inc., BASF SE, Corteva AgriScience, The Mosaic Company, Nutrien Ltd., Nufarm Ltd, and Yara International ASA, among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124