The agrochemicals market is projected to grow at a compound annual growth rate (CAGR) of 3.4% from US$ 215.69 billion in 2022 to US$ 272.57 billion by 2029.
Agrochemicals Market Overview:
This study aims to give a comprehensive analysis of the Agrochemicals market by geography, industry, and segments. The report offers comprehensive details on the key elements driving the expansion of the Agrochemicals sector. The value chain of the market is also thoroughly examined in this report.
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Market Scope:
The first step in the research process used to evaluate and forecast the Agrochemicals market is obtaining revenue information from important suppliers using secondary research sources. Vendor offerings are taken into account while developing market segmentation. The income of large firms was used to estimate the overall size of the Agrochemicals market using the bottom-up methodology.
Dynamics:
By controlling pests and diseases on crops, agrochemicals are a significant component of the agricultural support industry that raises agricultural production. Agrochemicals are becoming more and more important since pest, weed, and disease attacks cause over 25% of the world’s agricultural produce to be lost. This is not good news for farming considering the significant challenges that lie ahead. According to estimates, there will be 7.6 billion people on the planet in 2018, up 1.12% from 2017. Due to rapid population increase, there is a greater need for agricultural products worldwide. As a result, more agricultural chemicals are being used to boost crop productivity and advance the agriculture industry.
Segmentation:
According to Enterprise Size, With a market value of US$ xx billion in 2022 and a compound annual growth rate of 5%, the herbicides segment led the market and is predicted to reach US$ xx billion by 2029. The use of herbicides is spreading around the globe. A lack of laborers is being faced by various developing nations, including China and India, in hand weeding venues as millions of people move from rural to urban areas. In these economies, herbicides are far more accessible and less expensive than manual weeding labor.
According to Crop Type, the segment for cereals and grains is predicted to expand at the fastest pace of around 4.98 percent during the forecast period.
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
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Key Players: the key players are:
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.
Regional Analysis:
Market share information for North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.
A detailed Market Overview
Market Share, Size & Forecast by Revenue | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation – A detailed analysis by segments and sub-segments
Regional Insights
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
About Maximize Market Research
Key Questions Answered in the Agrochemicals Market Report are:
Which market segment held the biggest share in Agrochemicals?
How is the Agrochemicals market’s competitive environment?
Which are the main elements influencing the growth of the Agrochemicals market?
Which area of the Agrochemicals market has the most share?
What will the Agrochemicals market’s compound annual growth rate be between 2023 and 2029?
Key Offerings:
Historical Market Size and Competitive Environment (2021–2023)
Historical pricing and regional price curves (2021–2023)
The market’s size, share, size, and forecast for each segment from 2023 to 2029
Market Dynamics: Regional Growth Drivers, Opportunities, Barriers, and Important Trends
Market segmentation: a thorough examination of each segment, along with its sub-segments, by region
Competitive Landscape: Strategically oriented profiles of a few major companies broken down by area
Market leaders, market followers, and regional players make up the competitive landscape.
Comparative analysis of major players by geographical area
PESTLE Evaluation
PORTER’s evaluation
Analysis of supply chains and value chains
Regional Legal Aspects of Business
profitable business prospects using SWOT analysis
Advice
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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