Agro-chemical Market Size, Sales Volume, Status Till 2030

 

Agro-chemical Market

The global market for Agro-Chemicals Market Size has been estimated to be USD 235.3 billion in 2023 and is projected to grow at a rate of 4.5% between 2023 and 2030.

Agro-chemicals are chemical mixtures that are often applied to the soil to replenish nutrients and control infections and pests. Agrochemicals, such as fertilisers, plant growth regulators, and insecticides, are used to boost crop yield and growth, which stabilises agricultural production. By defending crops, boosting output, and maintaining the quality of the products, agrochemicals assist to reduce this loss. The application of abiotic stressors is fueled by increased plant disease occurrences, the effects of abiotic stressors, and rising consumer demand for high-quality products. However, farmers may be unable to employ them as much because to the variable cost of raw materials and resistance to using chemical pesticides.

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The agro-chemical market refers to synthetic and commercially generated chemicals that are employed in farming and to regulate ecosystems in agricultural areas. Agro-chemicals contaminate the nearby lands and waterways and enter the food chain, where they cause bioaccumulation. Excessive usage of such pesticides produces a sizable number of residues, which has an effect on crops.

The main types of fertilizers in agro-chemicals are nitrogen fertilizer, phosphatic fertilizer, potassic fertilizer, and others. Nitrogen-containing fertilizers help the plants grow faster and help them produce more crops. The different pesticide types include fungicides, herbicides, insecticides, and others and are used in crop-based and non-crop-based applications.

Market Segmentation & Coverage:

This research report categorizes the Global Agrochemicals Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Crop Type, the market is studied across Cereals & Grains, Fruits & Vegetables, Non-crop Based, and Oilseeds & Pulses. The Cereals & Grains commanded largest market share of 43.33% in 2022, followed by Oilseeds & Pulses.

Based on Type, the market is studied across Fertilizers and Pesticides. The Fertilizers is further studied across Nitrogen Fertilizer, Phosphatic Fertilizer, and Potassic Fertlizer. The Pesticides is further studied across Fungicides, Herbicides, and Insecticides. The Fertilizers commanded largest market share of 60.44% in 2022, followed by Pesticides.

Based on Nature, the market is studied across Inorganic and Organic. The Inorganic commanded largest market share of 89.23% in 2022, followed by Organic.

Based on Region, the market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. Europe, Middle East & Africa commanded largest market share of 39.56% in 2022, followed by Asia-Pacific.

The agrochemical market consists of sales of chemical fertilizers, antibiotics, and plant hormones. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

 

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The agro-chemicals market is segmented as below:

 

Agro-chemical Market, By Product

Fertilizers

Pesticides

Agro-chemical Market, By Application

Cereals and grains

Oilseeds and pulses

Fruits and vegetables

Agro-chemical Market, By Geographical Landscape

APAC

North America

Europe

South America

Middle East and Africa

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