Agrochemicals Market is anticipated to reach US$ 272.57 Bn. by 2029 from US$ 215.69 Bn. in 2022 at a CAGR of 3.4 % during a forecast period.
Agrochemicals Market Overview:
The “Global Agrochemicals Market Analysis” is a detailed examination of the Agrochemicals market, with an emphasis on global market trends and analysis. The purpose of this research is to offer an overview of the Agrochemicals industry as well as complete market segmentation by segment and geography. Over the forecast period, the Agrochemicals market is predicted to increase substantially. The study includes key data on the market positions of the top Agrochemicals organizations, as well as significant industry trends and prospects.
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Top-down and bottom-up approaches are used to validate the market size and estimate market size by segment. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.
Drivers:
By controlling pests and diseases on crops, agrochemicals constitute a significant agricultural support industry that raises agricultural production. Agrochemicals are becoming more and more important because about 25% of the world’s agricultural produce is lost to insect, weed, and disease attacks. This does not augur well for farming given the impending challenges. According to estimates, there were 7.6 billion people on the planet in 2018, a rise of 1.12% over the previous year. Due to rapid population growth, there is a greater need for agricultural products, which has increased global food consumption. As a result, there has been an increase in the use of agricultural chemicals to raise crop output and advance the agriculture industry.
Segmentation:
by Fertilizer Type
Nitrogen fertilizer
Phosphatic Fertilizer
Potassic Fertlizer
by Enterprise Size
Fungicides
Herbicides
Insecticides
Others
by Crop Type
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Others
Key Players:
Primary and secondary research is used to identify industry giants, while primary and secondary research is used to estimate market revenue. In-depth interviews with thought leaders and industry professionals, including experienced front-line staff, CEOs, and marketing specialists, were conducted as part of the core study. The secondary study included an analysis of annual and financial reports from well-known manufacturers. Secondary data is used to compute percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then compared to original data. The firms listed below are involved in the Agrochemicals industry.
1. ADAMA LTD
2. BAYER
3. BASF SE
4. SYNGENTA AG
5. UPL
6. COMPASS MINERALS
7. EUROCHEM GROUP
8. OCP GROUP
9. K+S AKTIENGESELLSCHAFT
10.SOCIEDAD QUÍMICA Y MINERA DE CHILE
11.SUMITOMO CHEMICALS
12.NUFARM
13.NUTRIEN LTD
14.YARA INTERNATIONAL ASA
15.ICL
16.CORTEVA INC.
17.THE MOSAIC COMPANY
18.OCI NITROGEN
19.NISSAN CHEMICALS INDUSTRIES LTD.
20.NIPPON SODA CO., LTD
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Regional Analysis:
The research focuses on geographic analysis, which is further divided into sub-regions and nations. This component of the research includes profit estimates and market share figures for each nation. This section of the research looks at each region’s and country’s share and growth rate throughout the anticipated time period.
After analyzing political, economic, social, and technological factors affecting the Agrochemicals market in various sectors, the research presents a complete PESTEL analysis for all five regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America.
COVID-19 Impact Analysis on Agrochemicals Market:
The COVID-19 virus has altered customer behavior in all aspects of society. Businesses, on the other hand, must adjust their strategy to account for shifting market supply. This analysis gives an outline of COVID-19’s impact on the Agrochemicals market and will help you build your business in compliance with the new industry standards.
The Agrochemicals Market Report presents thorough research spanning from the agile supply chain and trade limitations to regional government regulations and the firm’s future influence under the COVID-19 Impact section. Primary market research (2021-2027), examples of venture rivalry, the advantages and disadvantages of huge business channels, and industry growth trends (2021-2027) are all offered.
Key Questions Answered in the Agrochemicals Market Report are:
- What is the size of the Agrochemicals market?
- Which regional market will take the lead in the next years?
- Which application category is likely to grow the most quickly?
- What growth prospects could exist in the Agrochemicals business in the next years?
- What would be the most significant future obstacles for the Agrochemicals market?
- Who are the market leaders in the category Agrochemicals?
- What are the key trends impacting market growth?
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