The halogenated agrochemicals global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Halogenated Agrochemicals Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The halogenated agrochemicals market size has grown strongly in recent years. It will grow from $177.82 billion in 2023 to $189.62 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increasing food demand, economic growth in developing regions, government support, increasing awareness of agrochemical benefits, soil degradation, and limited agricultural land.
The halogenated agrochemicals market size is expected to see strong growth in the next few years. It will grow to $247.81 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to bio-based agrochemical adoption, precision agriculture focus, increasing R&D investments, growth in organic farming impacting demand, sustainable agricultural practices, and increasing regulatory scrutiny. Major trends in the forecast period include a shift towards sustainable alternatives, advanced digital farming technologies, innovation in formulations and delivery methods, and integrated pest management (IPM).
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Scope Of Halogenated Agrochemicals Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Halogenated Agrochemicals Market Overview
Market Drivers –
The rising demand for food production is expected to propel the growth of the halogenated agrochemicals market going forward. The demand for food production is due to population growth, urbanization, dietary changes, and increasing incomes. Halogenated agrochemicals protect crops from pests and diseases, contributing to higher yields and ensuring food security amidst escalating global demand for agricultural products. For instance, in December 2022, according to the Food and Agriculture Organization (FAO), an Italy-based specialized agency of the United Nations, the global production of primary crop commodities in 2021 increased by 2% from the previous year, reaching a total of 9.5 billion metric tons. Cereals were the dominant crop group, accounting for 32% of this production, followed by sugar crops at 22% in 2021. Therefore, the rising demand for food production will drive the growth of the halogenated agrochemicals market.
Market Trends –
Major companies operating in the halogenated agrochemicals market focus on developing sustainable fertilizers and pesticides, such as biofungicide premix, to protect crops by eliminating pests and preventing fungal diseases. A biofungicide premix is a formulated product combining one or more biological agents, such as beneficial bacteria or fungi, to control plant fungal diseases in an eco-friendly and sustainable manner. For instance, in November 2023, FMC Corporation, a U.S.-based chemical manufacturing company, introduced Ethos Elite LFR, a new insecticide/biofungicide premix product. This innovative solution combines the proven pyrethroid insecticide bifenthrin with two proprietary biological strains from FMC, including Bacillus velezensis strain RTI301 and Bacillus subtilis strain RTI477. The product offers comprehensive early-season disease and soilborne pest control and is approved for use on various crops, including corn, soybeans, cotton, peanuts, tomatoes, and canola.
The halogenated agrochemicals market covered in this report is segmented –
1) By Type: Herbicides, Insecticides, Fungicides
2) By Halogen Type: Chlorine Based Agrochemicals, Bromine Based Agrochemicals, Fluorine Based Agrochemicals, Iodine Based Agrochemicals
3) By Application Method: Foliar Spray, Soil Treatment, Seed Treatment
4) By End User: Farmers And Agricultural Workers, Agricultural Companies
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Regional Insights –
Asia-Pacific was the largest region in the halogenated agrochemicals market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the halogenated agrochemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the halogenated agrochemicals market are BASF SE, Bayer AG, Sumitomo Chemical Company Limited, Corteva Agriscience Inc., Syngenta AG, Mitsui Chemicals Inc., Lanxess AG , United Phosphorus Limited (UPL) Limited, FMC Corporation, ADAMA Agricultural Solutions Ltd., Nufarm Limited, Zhejiang Wynca Chemical Group Co Ltd, Nissan Chemical Corporation, Kumiai Chemical Industry Co. Ltd., Nippon Soda Co Ltd, Ishihara Sangyo Kaisha Ltd., Sipcam Oxon Group, Dow AgroSciences LLC, Cheminova A/S, AMVAC Chemical Corporation, Sharda Cropchem Limited, Rotam Global AgroSciences, Albaugh LLC, Crystal Crop Protection Limited, Drexel Chemical Company, Isagro SpA
Table of Contents
1. Executive Summary
2. Halogenated Agrochemicals Market Characteristics
3. Halogenated Agrochemicals Market Trends And Strategies
4. Halogenated Agrochemicals Market – Macro Economic Scenario
5. Global Halogenated Agrochemicals Market Size and Growth
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32. Global Halogenated Agrochemicals Market Competitive Benchmarking
33. Global Halogenated Agrochemicals Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Halogenated Agrochemicals Market
35. Halogenated Agrochemicals Market Future Outlook and Potential Analysis
36. Appendix
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