Agrochemicals Market

Agrochemicals Market by Pesticide Type (Herbicides, Insecticides, Fungicides), Fertilizer Type (Nitrogenous, Phosphatic, and Potassic), Crop Application (Cereals & Grains, Oilseeds, Fruits & Vegetables), and Region - Global Forecast to 2025

Report Code: AGI 3759 Mar, 2021, by marketsandmarkets.com

Agrochemicals Market is expected to generate a revenue of USD 246.1 billion by 2025, at a CAGR of 3.4%. The global industry size was valued at USD 208.6 billion in 2020. The agrochemicals market refers to the sales of chemical products used in agriculture, including fertilizers, pesticides, and herbicides. These products are used to improve crop yields and protect crops from pests and diseases. The market has been growing in recent years due to increasing demand for food globally and the need to improve crop yields to meet that demand. Factors such as population growth, urbanization, and changing dietary patterns are driving the demand for agrochemicals. The market is expected to continue growing in the coming years, driven by increasing adoption of precision agriculture techniques and the use of biopesticides. However, factors such as government regulations and environmental concerns may act as a restraint on the market's growth.

Key Features of Agrochemicals Market

Adoption of precision agriculture: The use of precision agriculture techniques, such as precision fertilization and targeted pesticide application, is expected to drive market growth. These techniques can help farmers improve crop yields and reduce waste, while also reducing the environmental impact of agrochemicals.

Increasing demand for food: The growing global population and changing dietary patterns are driving the demand for agrochemicals, as they help improve crop yields and protect crops from pests and diseases.

Use of biopesticides: The increasing adoption of biopesticides, which are derived from natural materials such as plants and microorganisms, is expected to drive market growth. Biopesticides are considered to be more environmentally friendly than traditional chemical pesticides.

Government regulations: Government regulations, such as those related to the use and disposal of agrochemicals, can have a significant impact on the market. Stringent regulations can increase costs for farmers and manufacturers, while also limiting the use of certain products.

Environmental concerns: Environmental concerns, such as the impact of agrochemicals on soil and water quality, can also act as a restraint on the market's growth. Consumers are becoming more aware of these concerns and are demanding more environmentally friendly products.

Agrochemicals Market World Revenue, Trends

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Market Dynamics

Driver: Increasing adoption of agrochemicals in developing countries

A change in farming practises has resulted from the agriculture industry's constant technological advancements. New types of harmful organisms have evolved as a result of the increased export and import of agricultural commodities across different geographies, particularly in developing nations, which has boosted the demand for products with innovative active ingredients to protect crops.

The Asian crop protection markets are significantly impacted by the globalisation of the agrochemical industry. The need for various agrochemicals including pesticides and herbicides is rising as a result of the world's fastest population growth, rising food production needs, and economic expansion. While the demand for food products is rising in the Asia-Pacific developing nations, the amount of land that can be used for farming is decreasing as a result of the increased impact of urbanisation, which forces farmers to use a variety of agrochemicals to maintain soil health and boost land productivity.

In most countries, including India, China, Thailand, Vietnam, and South Korea, farmers may now practise intensive crop management because to advancements in agricultural chemistry. Pest control chemicals are being used more frequently as a result of growing public awareness about crop protection chemicals, which has also raised public awareness of the possibility of more profitable opportunities with little risk. The global agrochemicals market is being driven by an increase in the number of patents and new product registrations, which has led to increased use in agriculture, which serves as a driver for the market.

Restraint: Rising organic fertilizer sector

In emerging countries, the organic food industry has grown quickly due to increased awareness of legislation governing animal welfare, environmental protection, food safety, and health. The popularity of organic food is rising. Growing per capita income and the surge in demand for safe and healthful food products are expected to fuel the organic food industry and increase the use of biofertilizers, which will have an impact on the chemical fertiliser composition. Therefore, over the forecasted period, the growth of the global agrochemicals market will be hampered by the growing organic fertiliser industry.

Challenge: Fierce rivalry between market players

There are many both major and small firms in the highly fragmented agrochemicals business. The majority of market players are headquartered in developed areas and provide a wide range of products. Leading players in the agrochemicals market are concentrating on research and development to create products that fulfil consumer demands as a result of the increased demand for various agrochemical products. As a result, the agrochemicals market is expected to face challenges due to intense competition among industry participants.

Opportunity: Production of sustainable bio-based agricultural products

Bio-based products are used in agriculture to eradicate plant pathogens and increase the bioavailability of nutrients for beneficial plant-associated microbes. Bio-based products can be used extensively to enhance agricultural soil quality through soil remediation, such as bio insecticides and bio-fertilizer. These biomolecules potentially take the place of the harsh chemicals currently employed million-dollar pesticide industries. Agricultural biologicals, also known as biologics, are beneficial tools for crop production and protection that are mostly produced using living organisms, derived from natural materials, contain them, or utilise processes that occur naturally. In an integrated crop management system, biologics are used in addition to conventional crop protection methods to help protect plants from pests, increase production, and prevent disease.

Chemical agricultural products have such high pollution levels as a result of the harmful compounds they contain that they frequently have devastating impacts on the environment. From the manufacturing of the product to the consumption of the plants that these products have been used on, these detrimental effects can be experienced. When compared to chemical pesticides, which have a high manufacturing cost, most biological products are produced naturally, which lowers the cost of production. As a result, the consumer must pay the bill at a higher price. Records show that pests often develop a resistance to conventional pesticides, demonstrating that they are not a long-term solution. This never occurs when using organic pesticides and fertilizers.

Biologicals are efficient in several ways. In particular when pest or disease pressure is low to moderate, several modern biological crop protection products are expected to operate on par with chemical products. Despite technological advancements and rising R&D spending, biologicals act less predictably and with less control than their chemical counterparts. For instance, biologicals may lessen pest pressure without completely removing of the pest. Furthermore, some biologicals may have longer-lasting effects despite taking longer to affect the target disease or pest. Numerous biologicals work better when applied early in the season and are best utilised as preventative measures.

As a result, businesses that produce agrochemicals constantly adapt to the shifting market needs by creating new products and technology. One of the areas that agrochemical businesses are focusing on is bio-based products. Bio-based agrochemicals are being produced more and more as potential alternatives for synthetic chemicals in a range of applications as consumer awareness of environmentally friendly and sustainable products rises.

The Herbicides segment dominated the market by pesticide type, with the largest market share in the Agrochemicals market during the forecast period.

Increasing demand for higher crop yields, rapid adoption of better farming techniques, the advancement of new agricultural technologies, a lack of fertile land, are few of the factors boosting the market's revenue growth. Herbicide demand is also being driven up by a lack of workers for manually weeding crop fields in a number of developing countries, including China, India, and Bangladesh. This is due to growing urbanisation, where the bulk of people are moving into cities. Additionally, a number of advantages of herbicides over tillage, including decreased erosion, greenhouse gas emissions, fuel consumption, and nutrient runoff, are fostering market growth.

The Cereals and grains segment dominated the market by application, with the largest market share in the Agrochemicals market during the forecast period.

The most widely consumed crops, especially in Asia and the Pacific, are grains and cereals. Additionally, grains and cereals are produced on a massive scale all over the world. In almost all cases, fertilisers are employed in the cultivation of grains and cereals. The increased consumption of grains and cereals including rice, wheat, rye, corn, oats, sorghum, and barley in various regions is the main factor driving the demand for fertilisers. The crops that employ the most agrochemicals are rice, wheat, and other cereals and grains.

Agrochemicals Market Trends

Agrochemicals Market by Region

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Asia Pacific is poised to be the fastest-growing Agrochemicals market, at a CAGR of 3.9%, in terms of value.

Asia Pacific is the largest and most populous region on earth, making it one of the most significant agrochemicals market. On the other hand, significant market players have not yet tapped into it. The World Bank estimates that the area is home to about 60% of the world's population and nearly 30% of the planet's arable land. In the region, pesticide use has considerably expanded in order to meet the food needs of this expanding population. India, Japan, Australia, and Thailand are the countries that use the most pesticides. In addition, a major source of concern is the loss of arable land per person in Southeast Asia, China, and India.

Global Agrochemical Companies

Key players in agrochemicals market include BAYER, BASF SE, ADAMA LTD, UPL, SYNGENTA, SUMITOMO CHEMICALS, NUFARM LIMITED, NUTRIEN LTD, YARA INTERNATIONAL ASA, ICL, COMPASS MINERALS, EUROCHEM GROUP, OCP GROUP, K+S AKTIENGESELLSCHAFT, SOCIEDAD QUMICA Y MINERA DE CHILE.

Scope of the Agrochemicals Market (Revenue, USD Billion, 2020- 2025)

Report Metric

Details

Market size value in 2020

USD 208.6 billion

Revenue forecast in 2025

USD 246.1 billion

Growth rate

CAGR of 3.4% from 2020-2025

Historical data

2018-2025

Base year for estimation

2019

Forecast period

2020-2025

Quantitative units

Value (USD Million) and Volume (Thousand Units)

Report coverage

Revenue forecast, company ranking, driving factors, competitive landscape, and analysis

Segments covered

Fertilizer Type, Pesticides Type, Crop Type

Regional scope

Europe, North America, South America, Asia Pacific

Key companies profiled

The global agrochemicals companies include Bayer (Germany), BASF (Germany), Yara International (Norway), Compass Minerals (US), and Syngenta (Switzerland).

Driving factors

 

  • Increasing adoption of agrochemicals in developing countries
  • Increased reliance on the use of fertilizers for productivity enhancement
  • Shrinking arable land area

     

The study categorizes the agrochemicals market based on fertilizer type, pesticides type, crop type  component at the regional and global level.

Based on Fertilizer Type
  • Nitrogen fertilizer
  • Phosphatic Fertilizer
  • Potassic Fertlizer
Based on Pesticide Type
  • Fungicides
  • Herbicides
  • Insecticides
  • Others
Based on Crop Type
  • Cereals & Grains
  • Oilseeds & Pulses
  • Fruits & Vegetables
  • Others
Based on Region
  • North America
  • South America
  • Europe
  • Asia Pacific
  • Row

Recent Developments

  • In October 2020, Syngenta Group announced the acquisition of Valagro, a leading Biologicals company, by its business unit Syngenta Crop Protection. The investment positions Syngenta Crop Protection as one of the key global companies poised to shape the rapidly growing biologicals market, which is set to nearly double in size over the next five years.
  • In April 2020, Sumitomo Chemical completed the acquisition of four South American subsidiaries of Nufarm. With this acquisition, Sumitomo Chemical can build its sound development and sales network of crop protection products in South America, including Brazil, the world's largest crop protection market.
  • In June 2019, Bayer and AlphaBio Control signed a distribution agreement for innovative biological pest control products. Under the terms of this agreement, AlphaBio would grant Bayer a worldwide exclusive right (except France) to commercialize Flipper for agriculture and non-agriculture uses.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 36)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
        FIGURE 1 MARKET SEGMENTATION
        FIGURE 2 REGIONAL SEGMENTATION
    1.4 PERIODIZATION CONSIDERED
    1.5 UNIT CONSIDERED
        TABLE 1 USD EXCHANGE RATES, 2015–2019
    1.6 VOLUME UNIT CONSIDERED
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 41)
    2.1 RESEARCH DATA
        FIGURE 3 RESEARCH DESIGN: AGROCHEMICALS MARKET
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key Data from Secondary Sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key Data from Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                 FIGURE 4 AGROCHEMICALS MARKET SIZE ESTIMATION METHODOLOGY:  BOTTOM-UP APPROACH (FERTILIZERS)
                 FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (PESTICIDES)
           2.2.2 TOP-DOWN APPROACH
                 FIGURE 6 AGROCHEMICALS MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH (PESTICIDES)
                 FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH (FERTILIZERS)
    2.3 AGROCHEMICALS MARKET BREAKDOWN & DATA TRIANGULATION
        FIGURE 8 DATA TRIANGULATION METHODOLOGY
    2.4 RESEARCH ASSUMPTIONS & LIMITATIONS
           2.4.1 ASSUMPTIONS
           2.4.2 LIMITATIONS OF THE STUDY
    2.5 AGROCHEMICALS MARKET SCENARIOS CONSIDERED FOR THE IMPACT OF COVID-19
    2.6 SCENARIO-BASED MODELLING
    2.7 COVID-19 HEALTH ASSESSMENT
        FIGURE 9 COVID-19: GLOBAL PROPAGATION
        FIGURE 10 COVID-19 PROPAGATION: SELECT COUNTRIES
    2.8 COVID-19 ECONOMIC ASSESSMENT
        FIGURE 11 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020
    2.9 COVID-19 ECONOMIC IMPACT ASSESSMENT: SCENARIO ASSESSMENT
        FIGURE 12 CRITERIA IMPACTING GLOBAL ECONOMY
        FIGURE 13 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY

3 EXECUTIVE SUMMARY (Page No. - 56)
  FIGURE 14 AGROCHEMICALS MARKET, BY TYPE, 2020 VS. 2025 (USD BILLION)
  FIGURE 15 MARKET, BY CROP APPLICATION, 2020 VS. 2025 (USD BILLION)
  FIGURE 16 REGIONAL SNAPSHOT

4 PREMIUM INSIGHTS (Page No. - 59)
    4.1 OPPORTUNITIES IN THE AGROCHEMICALS MARKET
        FIGURE 17 INCREASE IN DEMAND FOR AGROCHEMICALS IN DEVELOPING REGIONS DRIVING THE GROWTH OF THE MARKET
    4.2 MARKET, BY PESTICIDE TYPE
        FIGURE 18 HERBICIDES MARKET ESTIMATED TO DOMINATE THE MARKET IN 2020
    4.3 ASIA PACIFIC: MARKET FOR AGROCHEMICALS,  BY KEY COUNTRY AND CROP APPLICATION
        FIGURE 19 CHINA ESTIMATED TO BE A MAJOR CONSUMER OF AGROCHEMICALS IN ASIA PACIFIC IN 2020
    4.4 AGROCHEMICALS MARKET, BY TYPE AND REGION
        FIGURE 20 ASIA PACIFIC ESTIMATED TO ACCOUNT FOR THE LARGEST MARKET SHARE FOR AGROCHEMICALS IN 2020
    4.5 AGROCHEMICALS MARKET: MAJOR REGIONAL SUBMARKETS
        FIGURE 21 CHINA ESTIMATED TO ACCOUNT FOR THE LARGEST MARKET SHARE IN 2020

5 AGROCHEMICALS MARKET OVERVIEW (Page No. - 62)
    5.1 INTRODUCTION
    5.2 MACROECONOMIC INDICATORS
           5.2.1 RISING FOOD DEMAND - A DRIVING FORCE FOR AGRI-INPUTS
                 FIGURE 22 INCREASE IN POPULATION IN INDIA, 2000-2020 (IN MILLIONS)
           5.2.2 CLIMATE CHANGE COULD CAUSE PROLIFERATION OF PESTS
    5.3 MARKET DYNAMICS
        FIGURE 23 INCREASED DEMAND FOR MORE FOOD PRODUCTS WITH REDUCTION IN ARABLE LAND DRIVING THE GROWTH OF THE MARKET
           5.3.1 DRIVERS
                    5.3.1.1 Increasing adoption of agrochemicals in developing countries
                    5.3.1.2 Increased reliance on the use of fertilizers for productivity enhancement
                            FIGURE 24 FERTILIZER CONSUMPTION, 2007-2016 (KILOGRAM PER HECTARE  OF ARABLE LAND)
                    5.3.1.3 Shrinking arable land area
                            FIGURE 25 GLOBAL AGRICULTURAL LAND AREA, 2009-2018 (MILLION/HECTARE)
           5.3.2 RESTRAINTS
                    5.3.2.1 Stringent regulations governing the production and marketing of agrochemical products
                    5.3.2.2 Growth of the organic fertilizer industry
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Production of sustainable bio-based agricultural products
           5.3.4 CHALLENGES
                    5.3.4.1 Fluctuating market demand and supply affecting the raw material prices for fertilizers and pesticides
                            FIGURE 26 AMMONIA PRICE, 2014–2019 (USD PER METRIC TON)
                            FIGURE 27 NATURAL GAS PRICE, 2018–2020 (USD PER MMBTU)
                    5.3.4.2 Intense competition between players in the market
    5.4 COVID-19 IMPACT ON THE AGROCHEMICALS MARKET
        FIGURE 28 IMPACT OF COVID-19 ON AGROCHEMICALS MARKET,  PRE COVID-19 V/S POST COVID-19, 2020-2025 (USD MILLION)
        TABLE 2 AGROCHEMICALS MARKET SIZE, PRE-COVID-19 V/S POST-COVID-19,  2020–2025 (USD MILLION)

6 INDUSTRY TRENDS (Page No. - 71)
    6.1 INTRODUCTION
    6.2 VALUE CHAIN ANALYSIS: AGROCHEMICALS MARKET 
        FIGURE 29 VALUE CHAIN ANALYSIS
    6.3 PATENT ANALYSIS
        FIGURE 30 NUMBER OF PATENTS GRANTED FOR AGROCHEMICAL PRODUCTS, 2015–2020
        FIGURE 31 REGIONAL ANALYSIS OF PATENTS GRANTED IN THE MARKET
        TABLE 3 LIST OF A FEW PATENTS IN THE AGROCHEMICALS MARKET, 2020
    6.4 AGROCHEMICALS MARKET ECOSYSTEM
    6.5 PORTER’S FIVE FORCES ANALYSIS
        FIGURE 32 HIGH CAPITAL INVESTMENTS TO RESTRICT THE ENTRY OF NEW PLAYERS
           6.5.1 THREAT OF NEW ENTRANTS
           6.5.2 THREAT OF SUBSTITUTES
           6.5.3 BARGAINING POWER OF BUYERS
           6.5.4 BARGAINING POWER OF SUPPLIERS
           6.5.5 INTENSITY OF COMPETITIVE RIVALRY
    6.6 YC-YCC SHIFT ANALYSIS
        FIGURE 33 SUSTAINABLE CROP PROTECTION PRODUCTS ARE HOT BETS IN THE AGROCHEMICALS MARKET
    6.7 CASE STUDIES
           6.7.1 MARRONE BIO INNOVATIONS CONDUCTING FIELD TRIALS FOR USE OF NUTRIENT TECHNOLOGY IN CONJUNCTION WITH BIOLOGICAL SEED TREATMENT FOR IMPROVED CROP YIELD
                    6.7.1.1 Problem statement
                    6.7.1.2 Solution offered
                    6.7.1.3 Outcome
           6.7.2 BVT INC. HAS DEVELOPED BEE-DELIVERY SYSTEMS THAT CAN DISTRIBUTE BIOPESTICIDES THAT CAN SHIFT THE WAY OF ORGANIC CROP PROTECTION
                    6.7.2.1 Problem statement
                    6.7.2.2 Solution offered
                    6.7.2.3 Outcome

7 AGROCHEMICALS MARKET, BY PESTICIDE TYPE (Page No. - 79)
    7.1 INTRODUCTION
        FIGURE 34 PESTICIDES - AVERAGE USE PER AREA OF CROPLAND, 2010-2018
        FIGURE 35 AGROCHEMICALS MARKET SHARE (VALUE), BY PESTICIDE TYPE, 2020 VS. 2025
        TABLE 4 MARKET SIZE, BY PESTICIDE TYPE, 2018–2025 (USD MILLION)
        TABLE 5 MARKET SIZE, BY PESTICIDE TYPE, 2018–2025 (‘000 TONS)
        TABLE 6 MAPPING OF SOME KEY PESTICIDE ACTIVE INGREDIENTS WITH RESPECT TO PACKAGING TYPES
    7.2 INSECTICIDES
           7.2.1 INCREASE IN THE LOSS OF CROPS DRIVING THE MARKET FOR INSECTICIDES
                 TABLE 7 INSECTICIDES: AGROCHEMICALS MARKET SIZE, BY REGION,  2018–2025 (USD MILLION)
                 TABLE 8 INSECTICIDES: MARKET SIZE, BY REGION, 2018–2025 (‘000 TONS)
                 TABLE 9 INSECTICIDES: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
                 TABLE 10 INSECTICIDES: MARKET SIZE, BY TYPE,  2018–2025 (‘000 TONS)
           7.2.2 PRICING ANALYSIS
                 FIGURE 36 CHINA INSECTICIDES PRICE TREND 2017-2020 (USD/TON)
    7.3 HERBICIDES
           7.3.1 REDUCTION IN SOIL EROSION AND NUTRIENT RUN-OFF ALONG WITH WEED ELIMINATION INCREASING THE DEMAND FOR HERBICIDES
                 FIGURE 37 AVERAGE ANNUAL SHARE OF HERBICIDE CONSUMPTION VOLUME, BY REGION (1990-2018)
                 TABLE 11 HERBICIDES: AGROCHEMICALS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                 TABLE 12 HERBICIDES: AGROCHEMICALS MARKET SIZE, BY REGION,  2018–2025 (‘000 TONS)
                 TABLE 13 HERBICIDES: AGROCHEMICALS MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
                 TABLE 14 HERBICIDES: AGROCHEMICALS MARKET SIZE, BY TYPE, 2018–2025 (‘000 TONS)
           7.3.2 PRICING ANALYSIS
                 FIGURE 38 CHINA HERBICIDE PRICE TREND 2017-2020 (USD/TON)
    7.4 FUNGICIDES
           7.4.1 THE PREVENTATIVE NATURE OF FUNGICIDES ALLOWS FARMERS TO PROTECT CROPS DURING EARLY GROWTH STAGES
                 FIGURE 39 AVERAGE ANNUAL SHARE OF FUNGICIDES AND BACTERICIDES CONSUMPTION VOLUME, BY REGION (1990-2018)
                 TABLE 15 FUNGICIDES: AGROCHEMICALS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                 TABLE 16 FUNGICIDES: AGROCHEMICALS MARKET SIZE, BY REGION, 2018–2025 (‘000 TONS)
                 TABLE 17 FUNGICIDES: AGROCHEMICALS MARKET SIZE, BY TYPE,  2018–2025 (USD MILLION)
                 TABLE 18 FUNGICIDES: AGROCHEMICALS MARKET SIZE, BY TYPE, 2018–2025 (‘000 TONS)
           7.4.2 PRICING ANALYSIS
                 FIGURE 40 CHINA FUNGICIDE PRICE TREND 2017-2020 (USD/TON)
    7.5 OTHER PESTICIDE TYPES
           7.5.1 INCREASE IN DEMAND FOR HIGH-VALUE CROPS BOOSTING THE DEMAND FOR PGR AND SEED TREATMENT
                 TABLE 19 OTHER PESTICIDE TYPES: AGROCHEMICALS MARKET SIZE, BY REGION,  2018–2025 (USD MILLION)
                 TABLE 20 OTHER PESTICIDE TYPES: MARKET SIZE, BY REGION,  2018–2025 (‘000 TONS)

8 AGROCHEMICALS MARKET, BY FERTILIZER TYPE (Page No. - 93)
    8.1 INTRODUCTION
        TABLE 21 FERTILIZERS: AGROCHEMICALS MARKET SIZE, BY TYPE,  2018–2025 (USD MILLION)
        TABLE 22 GLOBAL MARKET SIZE, BY FERTILIZER TYPE, 2018–2025 (‘000 TONS)
    8.2 NITROGENOUS FERTILIZERS
        TABLE 23 NITROGEN FERTILIZERS: AGROCHEMICALS MARKET SIZE, BY REGION,  2018–2025 (USD MILLION)
        TABLE 24 NITROGEN FERTILIZERS: MARKET SIZE, BY REGION,  2018–2025 (‘000 TON)
        TABLE 25 NITROGEN FERTILIZERS: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
        TABLE 26 NITROGEN FERTILIZERS: MARKET SIZE, BY TYPE,  2018–2025 (‘000 TON)
           8.2.1 PRICING ANALYSIS
                 FIGURE 41 NITROGEN: PRICING TREND, 2017-2020 (USD/MT)
           8.2.2 UREA
                    8.2.2.1 Urea is the cheapest fertilizer that provides maximum nitrogen supply to the crops
                            TABLE 27 UREA: AGROCHEMICALS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                            TABLE 28 UREA: MARKET SIZE, BY REGION,  2018–2025 (‘000 TONS)
           8.2.3 AMMONIUM NITRATE
                    8.2.3.1 The immediately available nitrate source for plants encourages farmers to use ammonium nitrate
                            TABLE 29 AMMONIUM NITRATE: AGROCHEMICALS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                            TABLE 30 AMMONIUM NITRATE: MARKET SIZE, BY REGION,  2018–2025 (‘000 TONS)
           8.2.4 AMMONIUM SULPHATE
                    8.2.4.1 Ammonium sulfate fertilizers are an excellent source of sulfate, sulfur, and ammonium nitrogen
                            TABLE 31 AMMONIUM SULFATE: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                            TABLE 32 AMMONIUM SULFATE: MARKET SIZE, BY REGION, 2018–2025 (‘000 TONS)
           8.2.5 AMMONIA
                    8.2.5.1 Ammonia has the highest content of any commercial fertilizer, making it a popular source despite the potential hazard it poses
                            TABLE 33 AMMONIA: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                            TABLE 34 AMMONIA: MARKET SIZE, BY REGION, 2018–2025 (‘000 TONS)
           8.2.6 CALCIUM AMMONIUM NITRATE
                    8.2.6.1 Safer alternative to conventional ammonium nitrate
                            TABLE 35 CALCIUM AMMONIUM NITRATE: MARKET SIZE, BY REGION,  2018–2025 (USD MILLION)
                            TABLE 36 CALCIUM AMMONIUM NITRATE: MARKET SIZE, BY REGION,  2018–2025 (‘000 TONS)
           8.2.7 OTHER NITROGENOUS FERTILIZERS
                 TABLE 37 OTHER NITROGENOUS FERTILIZERS: AGROCHEMICALS MARKET SIZE, BY REGION,  2018–2025 (USD MILLION)
                 TABLE 38 OTHER NITROGENOUS FERTILIZERS: AGROCHEMICALS MARKET SIZE, BY REGION,  2018–2025 (‘000 TONS)
    8.3 PHOSPHATIC FERTILIZER
        TABLE 39 PHOSPHATIC FERTILIZERS: AGROCHEMICALS MARKET SIZE, BY REGION,  2018–2025 (USD MILLION)
        TABLE 40 PHOSPHATIC FERTILIZERS: MARKET SIZE, BY REGION,  2018–2025 (‘000 TONS)
        TABLE 41 PHOSPHATIC FERTILIZERS: MARKET SIZE, BY TYPE,  2018–2025 (USD MILLION)
        TABLE 42 PHOSPHATIC FERTILIZERS: MARKET SIZE, BY TYPE,  2018–2025 (‘000 TON)
           8.3.1 PRICING ANALYSIS
                 FIGURE 42 DAP: PRICING TREND, 2017-2020, (USD/MT)
           8.3.2 DIAMMONIUM PHOSPHATE (DAP)
                    8.3.2.1 DAP has a higher nitrogen content than MAP
                            TABLE 43 DIAMMONIUM PHOSPHATE: MARKET SIZE, BY REGION,  2018–2025 (USD MILLION)
                            TABLE 44 DIAMMONIUM PHOSPHATE: MARKET SIZE, BY REGION,  2018–2025 (‘000 TONS)
           8.3.3 MONOAMMONIUM PHOSPHATE (MAP)
                    8.3.3.1 Suitable as an under-root fertilizer in crops, with a high phosphorus content requirement
                            TABLE 45 MONOAMMONIUM PHOSPHATE: MARKET SIZE, BY REGION,  2018–2025 (USD MILLION)
                            TABLE 46 MONOAMMONIUM PHOSPHATE: MARKET SIZE, BY REGION,  2018–2025 (‘000 TONS)
           8.3.4 TRIPLE SUPERPHOSPHATE (TSP)
                    8.3.4.1 High demand for TSP because of the presence of water-soluble phosphate
                            TABLE 47 TRIPLE SUPERPHOSPHATE: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                            TABLE 48 TRIPLE SUPERPHOSPHATE: MARKET SIZE, BY REGION, 2018–2025 (‘000 TONS)
           8.3.5 OTHER PHOSPHATIC FERTILIZERS
                 TABLE 49 OTHER PHOSPHATIC FERTILIZERS: MARKET SIZE, BY REGION,  2018–2025 (USD MILLION)
                 TABLE 50 OTHER PHOSPHATIC FERTILIZERS: MARKET SIZE, BY REGION,  2018–2025 (‘000 TONS)
    8.4 POTASSIC FERTILIZER
        TABLE 51 POTASSIC FERTILIZERS: AGROCHEMICALS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
        TABLE 52 POTASSIC FERTILIZERS: MARKET SIZE, BY REGION, 2018–2025 (‘000 TONS)
        TABLE 53 POTASSIC FERTILIZERS: MARKET SIZE, BY TYPE,  2018–2025 (USD MILLION)
        TABLE 54 POTASSIC FERTILIZERS:  MARKET SIZE, BY TYPE,  2018–2025 (‘000 TON)
           8.4.1 PRICING ANALYSIS
                 FIGURE 43 POTASSIUM CHLORIDE: PRICING TREND, 2017-2020 (USD/MT)
           8.4.2 POTASSIUM CHLORIDE
                    8.4.2.1 Potassium chloride is the most widely applied K fertilizer because of its relatively low cost
                            TABLE 55 POTASSIUM CHLORIDE FERTILIZER: AGROCHEMICALS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                            TABLE 56 POTASSIUM CHLORIDE FERTILIZER:MARKET SIZE, BY REGION, 2018–2025 (‘000 TONS)
           8.4.3 POTASSIUM SULFATE
                    8.4.3.1 Low hygroscopicity and chemical stability have been the key factors in the adoption of potassium sulfate
                            TABLE 57 POTASSIUM SULFATE: AGROCHEMICALS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                            TABLE 58 POTASSIUM SULFATE: MARKET SIZE, BY REGION, 2018–2025 (‘000 TONS)
           8.4.4 OTHER POTASSIC FERTILIZERS
                 TABLE 59 OTHER POTASSIC FERTILIZERS: MARKET SIZE, BY REGION,  2018–2025 (USD MILLION)
                 TABLE 60 OTHER POTASSIC FERTILIZERS: MARKET SIZE, BY REGION,  2018–2025 (‘000 TONS)

9 AGROCHEMICALS MARKET, BY CROP APPLICATION (Page No. - 115)
    9.1 INTRODUCTION
        TABLE 61 GLOBAL AGROCHEMICALS MARKET SIZE, BY CROP APPLICATION,  2018–2025 (USD MILLION)
    9.2 CEREALS & GRAINS
           9.2.1 NITROGENOUS FERTILIZERS ARE HIGHLY USED IN THE PRODUCTION OF CEREALS AND GRAINS
                 TABLE 62 CEREALS & GRAINS: AGROCHEMICALS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
    9.3 OILSEED & PULSES
           9.3.1 INCREASE IN THE PRODUCTION AND EXPORT OF HIGH-VALUE OILSEEDS LIKE SOYBEAN TO DRIVE THE MARKET FOR AGROCHEMICALS
                 TABLE 63 OILSEED & PULSES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
    9.4 FRUITS & VEGETABLES
           9.4.1 INCREASE IN THE CONSUMPTION OF FRUITS & VEGETABLES
                 TABLE 64 FRUITS & VEGETABLES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
    9.5 OTHER CROP APPLICATIONS
        TABLE 65 OTHER CROP APPLICATIONS: MARKET SIZE, BY REGION,  2018–2025 (USD MILLION)

10 AGROCHEMICALS MARKET, BY REGION (Page No. - 121)
     10.1 INTRODUCTION
          TABLE 66 GLOBAL: AGROCHEMICALS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
          TABLE 67 GLOBAL: AGROCHEMICALSMARKET SIZE, BY COUNTRY, 2020-2025 (USD MILLION)
          TABLE 68 GLOBAL: MARKET SIZE, BY COUNTRY, 2016–2019 (‘000 TONS)
          TABLE 69 GLOBAL: MARKET SIZE, BY COUNTRY, 2020-2025 (‘000 TONS)
     10.2 COVID-19 IMPACT ON THE AGROCHEMICALS MARKET, BY REGION
             10.2.1 OPTIMISTIC SCENARIO
                    TABLE 70 COVID-19 IMPACT ON THE AGROCHEMICALS MARKET SIZE, BY REGION,  2020–2023 (USD MILLION) (OPTIMISTIC SCENARIO)
             10.2.2 PESSIMISTIC SCENARIO
                    TABLE 71 COVID-19 IMPACT ON THE AGROCHEMICAL MARKET SIZE, BY REGION,  2020–2023 (USD MILLION) (PESSIMISTIC SCENARIO)
             10.2.3 REALISTIC SCENARIO
                    TABLE 72 COVID-19 IMPACT ON THE AGROCHEMICALS MARKET SIZE, BY REGION,  2018–2021 (USD MILLION) (REALISTIC SCENARIO)
     10.3 NORTH AMERICA
             10.3.1 REGULATION FRAMEWORK PESTICIDES
                        10.3.1.1 US
                                     10.3.1.1.1 Product registration for pesticides in the US
                        10.3.1.2 Canada
                                     10.3.1.2.1 Pesticide regulations in Canada
             10.3.2 REGULATORY FRAMEWORK FERTILIZERS
                        10.3.2.1 US
                        10.3.2.2 Canada
             10.3.3 TRADE ANALYSIS
                        10.3.3.1 Export scenario of insecticides and fungicides
                                 FIGURE 44 NORTH AMERICA: INSECTICIDES AND FUNGICIDES EXPORT, BY KEY COUNTRY, 2012–2019 (USD MILLION)
                        10.3.3.2 Import scenario of insecticides and fungicides
                                 FIGURE 45 NORTH AMERICA: INSECTICIDES AND FUNGICIDES IMPORT, BY KEY COUNTRY, 2012–2019 (USD MILLION)
             10.3.4 NORTH AMERICA, BY COUNTRY
                    TABLE 73 NORTH AMERICA: AGROCHEMICALS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 74 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2020-2025 (USD MILLION)
                    TABLE 75 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2016–2019 (‘000 TONS)
                    TABLE 76 NORTH AMERICA: MARKET SIZE, BY COUNTRY,  2020-2025 (‘000 TONS)
                    TABLE 77 NORTH AMERICA: MARKET SIZE, BY PESTICIDE TYPE,  2018–2025 (USD MILLION)
                    TABLE 78 NORTH AMERICA: MARKET SIZE, BY PESTICIDE TYPE,  2018–2025 (‘000 TONS)
                    TABLE 79 NORTH AMERICA: MARKET SIZE, BY FERTILIZER TYPE,  2018–2025 (USD MILLION)
                    TABLE 80 NORTH AMERICA: MARKET SIZE, BY FERTILIZER TYPE,  2018–2025 (‘000 TONS)
                    TABLE 81 NORTH AMERICA: MARKET SIZE, BY CROP APPLICATION,  2018–2025 (USD MILLION)
                    TABLE 82 NORTH AMERICA: MARKET SIZE, BY CROP APPLICATION,  2018–2025 (‘000 TONS)
             10.3.5 US
                        10.3.5.1 Presence of major agrochemicals companies aiding the growth of the agrochemicals market
                                 TABLE 83 US: AGROCHEMICALS MARKET SIZE, BY PESTICIDE TYPE, 2018–2025 (USD MILLION)
                                 TABLE 84 US: MARKET SIZE, BY PESTICIDE TYPE, 2018–2025 (‘000 TONS)
                                 TABLE 85 US: MARKET SIZE, BY CROP APPLICATION, 2018–2025 (USD MILLION)
                                 TABLE 86 US: MARKET SIZE, BY CROP APPLICATION, 2018–2025 (‘000 TONS)
             10.3.6 CANADA
                        10.3.6.1 Rising consumption of cereals, fruits, and vegetables to support agrochemical demand
                                 TABLE 87 CANADA: AGROCHEMICALS MARKET SIZE, BY PESTICIDE TYPE,   2018–2025 (USD MILLION)
                                 TABLE 88 CANADA: MARKET SIZE, BY PESTICIDE TYPE, 2018–2025 (‘000 TONS)
                                 TABLE 89 CANADA: MARKET SIZE, BY CROP APPLICATION, 2018–2025 (USD MILLION)
                                 TABLE 90 CANADA: MARKET SIZE, BY CROP APPLICATION,  2018–2025 (‘000 TONS)
             10.3.7 MEXICO
                        10.3.7.1 Pesticide application for genetically modified corn to meet the growing demand from the livestock sector
                                 TABLE 91 MEXICO: AGROCHEMICALS MARKET SIZE, BY PESTICIDE TYPE, 2018–2025 (USD MILLION)
                                 TABLE 92 MEXICO: MARKET SIZE, BY PESTICIDE TYPE, 2018–2025 (‘000 TONS)
                                 TABLE 93 MEXICO: MARKET SIZE, BY CROP APPLICATION, 2018–2025 (USD MILLION)
                                 TABLE 94 MEXICO: MARKET SIZE, BY CROP APPLICATION,  2018–2025 (‘000 TONS)
     10.4 EUROPE
          TABLE 95 EUROPE: AGROCHEMICALS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
          TABLE 96 EUROPE: MARKET SIZE, BY COUNTRY, 2020-2025 (USD MILLION)
          TABLE 97 EUROPE: MARKET SIZE, BY COUNTRY,  2016–2019 (‘000 TONS)
          TABLE 98 EUROPE: MARKET SIZE, BY COUNTRY, 2020-2025 (‘000 TONS)
          TABLE 99 EUROPE: MARKET SIZE, BY PESTICIDE TYPE,  2018–2025 (USD MILLION)
          TABLE 100 EUROPE: MARKET SIZE, BY PESTICIDE TYPE, 2018–2025 (‘000 TONS)
          TABLE 101 EUROPE: MARKET SIZE, BY FERTILIZER TYPE, 2018–2025 (USD MILLION)
          TABLE 102 EUROPE: MARKET SIZE, BY FERTILIZER TYPE, 2018–2025 (‘000 TONS)
          TABLE 103 EUROPE: MARKET SIZE, BY CROP APPLICATION, 2018–2025 (USD MILLION)
          TABLE 104 EUROPE: MARKET SIZE, BY CROP APPLICATION, 2018–2025 (‘000 TONS)
             10.4.1 REGULATIONS: PESTICIDES
                        10.4.1.1 Data requirements for plant protection products
             10.4.2 REGULATIONS: FERTILIZERS
             10.4.3 TRADE ANALYSIS
                        10.4.3.1 Export scenario of insecticides and fungicides
                                 FIGURE 46 EUROPE: INSECTICIDES AND FUNGICIDES EXPORT, BY KEY COUNTRY,  2012–2019 (USD MILLION)
                        10.4.3.2 Import scenario of insecticides and fungicides
                                 FIGURE 47 EUROPE: INSECTICIDES AND FUNGICIDES IMPORT, BY KEY COUNTRY, 2012–2019 (USD MILLION)
             10.4.4 SPAIN
                        10.4.4.1 Increase in the production and export of agricultural products to drive the market for agrochemicals
                                 TABLE 105 SPAIN: AGROCHEMICALS MARKET SIZE, BY PESTICIDE TYPE, 2018–2025 (USD MILLION)
                                 TABLE 106 SPAIN: MARKET SIZE, BY PESTICIDE TYPE, 2018–2025 (‘000 TONS)
                                 TABLE 107 SPAIN: MARKET SIZE, BY CROP APPLICATION, 2018–2025 (USD MILLION)
                                 TABLE 108 SPAIN: MARKET SIZE, BY CROP APPLICATION, 2018–2025 (‘000 TONS)
             10.4.5 ITALY
                        10.4.5.1 Increase in the utilization of environmentally friendly agricultural inputs to fuel the demand for agrochemicals
                                 TABLE 109 ITALY: AGROCHEMICALS MARKET SIZE, BY PESTICIDE TYPE,  2018–2025 (USD MILLION)
                                 TABLE 110 ITALY: MARKET SIZE, BY PESTICIDE TYPE,  2018–2025 (‘000 TONS)
                                 TABLE 111 ITALY: MARKET SIZE, BY CROP APPLICATION, 2018–2025 (USD MILLION)
                                 TABLE 112 ITALY: MARKET SIZE, BY CROP APPLICATION, 2018–2025 (‘000 TONS)
             10.4.6 FRANCE
                        10.4.6.1 Agrochemical competitors have been actively employing strategies to increase their presence in the country
                                 TABLE 113 FRANCE: AGROCHEMICALS MARKET SIZE, BY PESTICIDE TYPE,  2018–2025 (USD MILLION)
                                 TABLE 114 FRANCE: MARKET SIZE, BY PESTICIDE TYPE, 2018–2025 (‘000 TONS)
                                 TABLE 115 FRANCE: MARKET SIZE, BY CROP APPLICATION, 2018–2025 (USD MILLION)
                                 TABLE 116 FRANCE: MARKET SIZE, BY CROP APPLICATION,  2018–2025 (‘000 TONS)
             10.4.7 GERMANY
                        10.4.7.1 Rising trend of organic farming practices in the country to drive the market for bio-based crop protection chemicals
                                 TABLE 117 GERMANY: AGROCHEMICALS MARKET SIZE, BY PESTICIDE TYPE,  2018–2025 (USD MILLION)
                                 TABLE 118 GERMANY: MARKET SIZE, BY PESTICIDE TYPE, 2018–2025 (‘000 TONS)
                                 TABLE 119 GERMANY: MARKET SIZE, BY CROP APPLICATION,  2018–2025 (USD MILLION)
                                 TABLE 120 GERMANY: MARKET SIZE, BY CROP APPLICATION, 2018–2025 (‘000 TONS)
             10.4.8 REST OF EUROPE
                        10.4.8.1 Rising demand for food and the use of innovative pesticides to drive the demand for agrochemicals
                                 TABLE 121 REST OF EUROPE: AGROCHEMICALS MARKET SIZE, BY PESTICIDE TYPE,  2018–2025 (USD MILLION)
                                 TABLE 122 REST OF EUROPE: MARKET SIZE, BY PESTICIDE TYPE,  2018–2025 (‘000 TONS)
                                 TABLE 123 REST OF EUROPE: MARKET SIZE, BY CROP APPLICATION,  2018–2025 (USD MILLION)
                                 TABLE 124 REST OF EUROPE: MARKET SIZE, BY CROP APPLICATION,  2018–2025 (‘000 TONS)
     10.5 ASIA PACIFIC
          FIGURE 48 ASIA PACIFIC: REGIONAL SNAPSHOT
             10.5.1 REGULATIONS: PESTICIDES
                        10.5.1.1 China
                        10.5.1.2 Australia
                                     10.5.1.2.1 Approval of active constituents for use in Australia
                        10.5.1.3 India
                                     10.5.1.3.1 Data requirements for technical ingredients
             10.5.2 REGULATIONS: FERTILIZERS
                        10.5.2.1 Australia
                        10.5.2.2 China
                        10.5.2.3 India
                                 TABLE 125 NUTRIENT-BASED SUBSIDY (NBS) RATES, 2010–2015
             10.5.3 TRADE ANALYSIS:
                        10.5.3.1 Export scenario of insecticides and fungicides
                                 FIGURE 49 ASIA PACIFIC: INSECTICIDES AND FUNGICIDES EXPORT, BY KEY COUNTRY, 2012–2019 (USD MILLION)
                        10.5.3.2 Import scenario of insecticides and fungicides
                                 FIGURE 50 ASIA PACIFIC: INSECTICIDES AND FUNGICIDES IMPORT, BY KEY COUNTRY, 2012–2019 (USD MILLION)
                                 TABLE 126 ASIA PACIFIC: AGROCHEMICALS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                                 TABLE 127 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2020-2025 (USD MILLION)
                                 TABLE 128 ASIA PACIFIC: MARKET SIZE, BY COUNTRY,  2016–2019 (‘000 TONS)
                                 TABLE 129 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2020-2025 (‘000 TONS)
                                 TABLE 130 ASIA PACIFIC: MARKET SIZE, BY PESTICIDE TYPE, 2018–2025 (USD MILLION)
                                 TABLE 131 ASIA PACIFIC: MARKET SIZE, BY PESTICIDE TYPE, 2018–2025 (‘000 TONS)
                                 TABLE 132 ASIA PACIFIC: MARKET SIZE, BY FERTILIZER TYPE, 2018–2025 (USD MILLION)
                                 TABLE 133 ASIA PACIFIC: MARKET SIZE, BY FERTILIZER TYPE, 2018–2025 (‘000 TONS)
                                 TABLE 134 ASIA PACIFIC: MARKET SIZE, BY CROP APPLICATION,  2018–2025 (USD MILLION)
                                 TABLE 135 ASIA PACIFIC: MARKET SIZE, BY CROP APPLICATION,  2018–2025 (‘000 TONS)
             10.5.4 CHINA
                        10.5.4.1 Reducing practices of chemical agriculture to drive the market for bio-based agricultural inputs
                                 TABLE 136 CHINA: AGROCHEMICALS MARKET SIZE, BY PESTICIDES TYPE, 2018–2025 (USD MILLION)
                                 TABLE 137 CHINA: MARKET SIZE, BY PESTICIDES TYPE, 2018–2025 (‘000 TONS)
                                 TABLE 138 CHINA: MARKET SIZE, BY CROP APPLICATION,  2018–2025 (USD MILLION)
                                 TABLE 139 CHINA: MARKET SIZE, BY CROP APPLICATION,  2018–2025 (‘000 TONS)
             10.5.5 INDIA
                        10.5.5.1 Increased pressure on improving farm yield to drive the agrochemicals market
                                 TABLE 140 INDIA: AGROCHEMICALS MARKET SIZE, BY PESTICIDES TYPE,  2018–2025 (USD MILLION)
                                 TABLE 141 INDIA: MARKET SIZE, BY PESTICIDES TYPE, 2018–2025 (‘000 TONS)
                                 TABLE 142 INDIA: MARKET SIZE, BY CROP APPLICATION,  2018–2025 (USD MILLION)
                                 TABLE 143 INDIA: MARKET SIZE, BY CROP APPLICATION, 2018–2025 (‘000 TONS)
             10.5.6 JAPAN
                        10.5.6.1 Regulated and limited use of agrochemicals to protect the environment
                                 TABLE 144 JAPAN: AGROCHEMICALS MARKET SIZE, BY PESTICIDE TYPE, 2018–2025 (USD MILLION)
                                 TABLE 145 JAPAN:MARKET SIZE, BY PESTICIDE TYPE, 2018–2025 (‘000 TONS)
                                 TABLE 146 JAPAN: MARKET SIZE, BY CROP APPLICATION, 2018–2025 (USD MILLION)
                                 TABLE 147 JAPAN: MARKET SIZE, BY CROP APPLICATION, 2018–2025 (‘000 TONS)
             10.5.7 AUSTRALIA
                        10.5.7.1 Increase in pesticide resistance towards existing active ingredients to impact the agrochemicals market
                                 TABLE 148 AUSTRALIA: AGROCHEMICALS MARKET SIZE, BY PESTICIDES TYPE,  2018–2025 (USD MILLION)
                                 TABLE 149 AUSTRALIA: MARKET SIZE, BY PESTICIDES TYPE, 2018–2025 (‘000 TONS)
                                 TABLE 150 AUSTRALIA: MARKET SIZE, BY CROP APPLICATION,  2018–2025 (USD MILLION)
                                 TABLE 151 AUSTRALIA: MARKET SIZE, BY CROP APPLICATION, 2018–2025 (‘000 TONS)
             10.5.8 THAILAND
                        10.5.8.1 Rising trend of organic farming to increase the demand and usage of bio-based agricultural solutions
                                 TABLE 152 THAILAND: AGROCHEMICALS MARKET SIZE, BY PESTICIDE TYPE, 2018–2025 (USD MILLION)
                                 TABLE 153 THAILAND: MARKET SIZE, BY PESTICIDE TYPE,  2018–2025 (‘000 TONS)
                                 TABLE 154 THAILAND: MARKET SIZE, BY CROP APPLICATION, 2018–2025 (USD MILLION)
                                 TABLE 155 THAILAND: MARKET SIZE, BY CROP APPLICATION,   2018–2025 (‘000 TONS)
             10.5.9 REST OF ASIA PACIFIC
                    TABLE 156 REST OF ASIA PACIFIC: AGROCHEMICALS MARKET SIZE, BY PESTICIDE TYPE,  2018–2025 (USD MILLION)
                    TABLE 157 REST OF ASIA PACIFIC: MARKET SIZE, BY PESTICIDE TYPE,  2018–2025 (‘000 TONS)
                    TABLE 158 REST OF ASIA PACIFIC: MARKET SIZE, BY CROP APPLICATION,  2018–2025 (USD MILLION)
                    TABLE 159 REST OF ASIA PACIFIC: MARKET SIZE, BY CROP APPLICATION,  2018–2025 (‘000 TONS)
     10.6 SOUTH AMERICA
          FIGURE 51 SOUTH AMERICA: REGIONAL SNAPSHOT
             10.6.1 REGULATORY FRAMEWORK
             10.6.2 TRADE ANALYSIS
                        10.6.2.1 Export scenario of insecticides and fungicides
                                 FIGURE 52 SOUTH AMERICA: INSECTICIDES AND FUNGICIDES EXPORT, BY KEY COUNTRY, 2012–2019 (USD MILLION)
                        10.6.2.2 Import scenario of insecticides and fungicides
                                 FIGURE 53 SOUTH AMERICA: INSECTICIDES AND FUNGICIDES IMPORT, BY KEY COUNTRY, 2012–2019 (USD MILLION)
                                 TABLE 160 SOUTH AMERICA: AGROCHEMICALS MARKET SIZE, BY COUNTRY,  2016–2019 (USD MILLION)
                                 TABLE 161 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2020-2025 (USD MILLION)
                                 TABLE 162 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2016–2019 (‘000 TONS)
                                 TABLE 163 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2020-2025 (‘000 TONS)
                                 TABLE 164 SOUTH AMERICA: MARKET SIZE, BY PESTICIDE TYPE,  2018–2025 (USD MILLION)
                                 TABLE 165 SOUTH AMERICA: MARKET SIZE, BY PESTICIDE TYPE,  2018–2025 (‘000 TONS)
                                 TABLE 166 SOUTH AMERICA: MARKET SIZE, BY FERTILIZER TYPE,  2018–2025 (USD MILLION)
                                 TABLE 167 SOUTH AMERICA: MARKET SIZE, BY FERTILIZER TYPE,  2018–2025 (‘000 TONS)
                                 TABLE 168 SOUTH AMERICA: MARKET SIZE, BY CROP APPLICATION,  2018–2025 (USD MILLION)
                                 TABLE 169 SOUTH AMERICA: MARKET SIZE, BY CROP APPLICATION,  2018–2025 (‘000 TONS)
             10.6.3 BRAZIL
                        10.6.3.1 High demand for soybean from Europe and Asian countries to increase adoption of agrochemicals
                                 TABLE 170 BRAZIL: AGROCHEMICALS MARKET SIZE, BY PESTICIDE TYPE, 2018–2025 (USD MILLION)
                                 TABLE 171 BRAZIL: MARKET SIZE, BY PESTICIDE TYPE, 2018–2025 (‘000 TONS)
                                 TABLE 172 BRAZIL: MARKET SIZE, BY CROP APPLICATION,  2018–2025 (USD MILLION)
                                 TABLE 173 BRAZIL: MARKET SIZE, BY CROP APPLICATION,  2018–2025 (‘000 TONS)
             10.6.4 ARGENTINA
                        10.6.4.1 Argentinean companies are promoting the adoption of advanced agrochemical solutions
                                 TABLE 174 ARGENTINA: AGROCHEMICALS MARKET SIZE, BY PESTICIDE TYPE, 2018–2025 (USD MILLION)
                                 TABLE 175 ARGENTINA: MARKET SIZE, BY PESTICIDE TYPE, 2018–2025 (‘000 TONS)
                                 TABLE 176 ARGENTINA: MARKET SIZE, BY CROP APPLICATION,  2018–2025 (USD MILLION)
                                 TABLE 177 ARGENTINA: MARKET SIZE, BY CROP APPLICATION,  2018–2025 (‘000 TONS)
             10.6.5 REST OF SOUTH AMERICA
                        10.6.5.1 Growing competition among key players to register their products to tap the market opportunities
                                 TABLE 178 REST OF SOUTH AMERICA: AGROCHEMICALS MARKET SIZE, BY PESTICIDE TYPE,  2018–2025 (USD MILLION)
                                 TABLE 179 REST OF SOUTH AMERICA: AGROCHEMICALS MARKET SIZE, BY PESTICIDE TYPE,  2018–2025 (‘000 TONS)
                                 TABLE 180 REST OF SOUTH AMERICA: AGROCHEMICALS MARKET SIZE, BY CROP APPLICATION, 2018–2025 (USD MILLION)
                                 TABLE 181 REST OF SOUTH AMERICA: AGROCHEMICALS MARKET SIZE, BY CROP APPLICATION, 2018–2025 (‘000 TONS)
     10.7 REST OF THE WORLD (ROW)
          TABLE 182 ROW: AGROCHEMICALS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
          TABLE 183 ROW: AGROCHEMICALS MARKET SIZE, BY COUNTRY, 2020-2025 (USD MILLION)
          TABLE 184 ROW: AGROCHEMICALSMARKET SIZE, BY COUNTRY, 2016–2019 (‘000 TONS)
          TABLE 185 ROW: AGROCHEMICALS MARKET SIZE, BY COUNTRY, 2020-2025 (‘000 TONS)
          TABLE 186 ROW: AGROCHEMICALS MARKET SIZE, BY PESTICIDE TYPE,  2018–2025 (USD MILLION)
          TABLE 187 ROW: AGROCHEMICALS MARKET SIZE, BY PESTICIDE TYPE,  2018–2025 (‘000 TONS)
          TABLE 188 ROW: AGROCHEMICALS MARKET SIZE, BY FERTILIZER TYPE, 2018–2025 (USD MILLION)
          TABLE 189 ROW: AGROCHEMICALS MARKET SIZE, BY FERTILIZER TYPE, 2018–2025 (‘000 TONS)
          TABLE 190 ROW: AGROCHEMICALS MARKET SIZE, BY CROP APPLICATION,   2018–2025 (USD MILLION)
          TABLE 191 ROW: AGROCHEMICALS MARKET SIZE, BY CROP APPLICATION, 2018–2025 (‘000 TONS)
             10.7.1 REGULATIONS: PESTICIDES
                        10.7.1.1 South Africa
             10.7.2 REGULATIONS: FERTILIZERS
                        10.7.2.1 South Africa
                        10.7.2.2 Israel
             10.7.3 TRADE ANALYSIS
                        10.7.3.1 Export scenario of insecticides and fungicides
                                 FIGURE 54 ROW: INSECTICIDES AND FUNGICIDES EXPORT, BY KEY COUNTRY, 2012–2019 (USD MILLION)
                        10.7.3.2 Import scenario of insecticides and fungicides
                                 FIGURE 55 ROW: INSECTICIDES AND FUNGICIDES IMPORT, BY KEY COUNTRY, 2012–2019 (USD MILLION)
             10.7.4 AFRICA
                        10.7.4.1 Africa holds the huge market potential for agrochemical manufacturers
                                 TABLE 192 AFRICA: AGROCHEMICALS MARKET SIZE, BY PESTICIDE TYPE,  2018–2025 (USD MILLION)
                                 TABLE 193 AFRICA: AGROCHEMICALS MARKET SIZE, BY PESTICIDE TYPE, 2018–2025 (‘000 TONS)
                                 TABLE 194 AFRICA: AGROCHEMICALS MARKET SIZE, BY CROP APPLICATION, 2018–2025 (USD MILLION)
                                 TABLE 195 AFRICA: AGROCHEMICALS MARKET SIZE, BY CROP APPLICATION, 2018–2025 (‘000 TONS)
             10.7.5 MIDDLE EAST
                        10.7.5.1 Rising investments on indoor vertical farming in the Middle East countries would act as a significant driver in the development of agrochemicals market.
                                 TABLE 196 MIDDLE EAST: AGROCHEMICALS MARKET SIZE, BY PESTICIDE TYPE,   2018–2025 (USD MILLION)
                                 TABLE 197 MIDDLE EAST: AGROCHEMICALS MARKET SIZE, BY PESTICIDE TYPE, 2018–2025 (‘000 TONS)
                                 TABLE 198 MIDDLE EAST: AGROCHEMICALS MARKET SIZE, BY CROP APPLICATION,  2018–2025 (USD MILLION)
                                 TABLE 199 MIDDLE EAST: AGROCHEMICALS MARKET SIZE, BY CROP APPLICATION,  2018–2025 (‘000 TONS)

11 COMPETITIVE LANDSCAPE (Page No. - 202)
     11.1 OVERVIEW
     11.2 MARKET SHARE ANALYSIS, 2019
          TABLE 200 YARA, MOSAIC, AND NUTRIEN DOMINATED THE FERTILIZERS MARKET IN 2019
          TABLE 201 SYNGENTA, BASF, AND CORTEVA DOMINATE THE PESTICIDES MARKET IN 2019
          FIGURE 56 REVENUE ANALYSIS OF KEY PLAYERS IN THE PESTICIDES MARKET,  2017-2019 (USD MILLION)
          FIGURE 57 REVENUE ANALYSIS OF KEY PLAYERS IN THE FERTILIZERS MARKET,  2017-2019 (USD MILLION)
     11.3 COVID-19 SPECIFIC COMPANY RESPONSE
     11.4 COMPANY EVALUATION QUADRANT: DEFINITION & METHODOLOGY  (PESTICIDES MARKET)
             11.4.1 STAR
             11.4.2 EMERGING LEADERS
             11.4.3 PERVASIVE
             11.4.4 PARTICIPANTS
                    FIGURE 58 PESTICIDES MARKET: COMPANY EVALUATION QUADRANT, 2020
     11.5 COMPANY EVALUATION QUADRANT: DEFINITION & METHODOLOGY  (FERTILIZERS MARKET)
             11.5.1 STAR
             11.5.2 EMERGING LEADERS
             11.5.3 PERVASIVE
             11.5.4 PARTICIPANTS
                    FIGURE 59 FERTILIZER MARKET: COMPANY EVALUATION QUADRANT, 2020
     11.6 PRODUCT FOOTPRINT
          TABLE 202 AGROCHEMICALS MARKET: COMPANY TYPE FOOTPRINT
          TABLE 203 AGROCHEMICALS MARKET: COMPANY REGION FOOTPRINT
          TABLE 204 AGROCHEMICALS MARKET: PRODUCT FOOTPRINT (OVERALL)
     11.7 AGROCHEMICALS MARKET EVALUATION FRAMEWORK
          TABLE 205 OVERVIEW OF STRATEGIES DEPLOYED BY AGROCHEMICAL COMPANIES
             11.7.1 NEW PRODUCT LAUNCHES
                    TABLE 206 AGROCHEMICALS:  PRODUCT LAUNCHES, JANUARY 2018- FEBRUARY 2021
             11.7.2 DEALS
                    TABLE 207 AGROCHEMICALS: DEALS, JANUARY 2018-FEBRUARY 2021

12 COMPANY PROFILES (Page No. - 214)
     12.1 AGROCHEMICALS MARKET KEY PLAYERS
(Business Overview, Products offered, SWOT Analysis, Recent Developments and MNM View)*
             12.1.1 BAYER
                    TABLE 208 BAYER: BUSINESS OVERVIEW
                    FIGURE 60 BAYER: COMPANY SNAPSHOT
             12.1.2 BASF SE
                    TABLE 209 BASF SE: BUSINESS OVERVIEW
                    FIGURE 61 BASF SE: COMPANY SNAPSHOT
             12.1.3 SYNGENTA AG
                    TABLE 210 SYNGENTA AG: BUSINESS OVERVIEW
                    FIGURE 62 SYNGENTA AG: COMPANY SNAPSHOT
             12.1.4 UPL
                    TABLE 211 UPL: BUSINESS OVERVIEW
                    FIGURE 63 UPL: COMPANY SNAPSHOT
             12.1.5 COMPASS MINERALS
                    TABLE 212 COMPASS MINERALS: BUSINESS OVERVIEW
                    FIGURE 64 COMPASS MINERALS: COMPANY SNAPSHOT
             12.1.6 EUROCHEM GROUP
                    TABLE 213 EUROCHEM GROUP - BUSINESS OVERVIEW
                    FIGURE 65 EUROCHEM GROUP: COMPANY SNAPSHOT
             12.1.7 OCP GROUP
                    TABLE 214 OCP GROUP - BUSINESS OVERVIEW
                    FIGURE 66 OCP GROUP: COMPANY SNAPSHOT
             12.1.8 K+S AKTIENGESELLSCHAFT
                    TABLE 215 K+S AKTIENGESELLSCHAFT - BUSINESS OVERVIEW
                    FIGURE 67 K+S AKTIENGESELLSCHAFT: COMPANY SNAPSHOT
             12.1.9 SOCIEDAD QUÍMICA Y MINERA DE CHILE
                    TABLE 216 SOCIEDAD QUÍMICA Y MINERA DE CHILE - BUSINESS OVERVIEW
                    FIGURE 68 SOCIEDAD QUÍMICA Y MINERA DE CHILE: COMPANY SNAPSHOT
             12.1.10 SUMITOMO CHEMICALS
                     TABLE 217 SUMITOMO CHEMICALS – BUSINESS OVERVIEW
                     FIGURE 69 SUMITOMO CHEMICALS: COMPANY SNAPSHOT
             12.1.11 ADAMA LTD
                     TABLE 218 ADAMA LTD - BUSINESS OVERVIEW
                     FIGURE 70 ADAMA LTD: COMPANY SNAPSHOT
             12.1.12 NUFARM
                     TABLE 219 NUFARM - BUSINESS OVERVIEW
                     FIGURE 71 NUFARM: COMPANY SNAPSHOT
             12.1.13 NUTRIEN LTD
                     TABLE 220 NUTRIEN LTD - BUSINESS OVERVIEW
                     FIGURE 72 NUTRIEN LTD: COMPANY SNAPSHOT
             12.1.14 YARA INTERNATIONAL ASA
                     TABLE 221 YARA INTERNATIONAL ASA - BUSINESS OVERVIEW
                     FIGURE 73 YARA INTERNATIONAL ASA: COMPANY SNAPSHOT
             12.1.15 ICL
                     TABLE 222 ICL - BUSINESS OVERVIEW
                     FIGURE 74 ICL: COMPANY SNAPSHOT
             12.1.16 CORTEVA INC.
     12.2 OTHER PLAYERS
             12.2.1 MARRONE BIO INNOVATIONS, INC.
             12.2.2 THE MOSAIC COMPANY
             12.2.3 CF INDUSTRIES HOLDINGS, INC.
             12.2.4 OCI NITROGEN
             12.2.5 FMC CORPORATION
             12.2.6 NIPPON SODA CO., LTD.
             12.2.7 ISAGRO SPA
             12.2.8 NISSAN CHEMICALS INDUSTRIES LTD.

*Details on Business Overview, Products offered, SWOT Analysis, Recent Developments and MNM View might not be captured in case of unlisted companies.

13 APPENDIX (Page No. - 253)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS

 
 
 

The study involves four major activities to estimate the current market size of the agrochemicals market.  Exhaustive secondary research was done to collect information on the market, peer market, and parent market. These findings, assumptions, and market sizes were validated with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation approaches were used to estimate the market size of various segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as the Food and Agriculture organization (FAO), United States Department of Agriculture (USDA), European Commission,  Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, food safety organizations, regulatory bodies, and trade directories.

Primary Research

The agrochemicals market comprises several stakeholders such farmers and their agents, agricultural supplies and services, food distributors and processors, national/regional helath protection agencises, National/regional environmental protection agencies, European and international agencies, NGOs, manufacturers, animal breeders, commercial research organisations/agencies/laboratories, and regulatory bodies such as the intermediary suppliers, wholesalers, traders, research institutes and organization, and regulatory bodies such as United States Department of Agriculture (USDA), Food and Agricultural organization (FAO) and European Commission (EU).

The demand side is comprised of strong demand from the various farmers, agricultural supplies and services, food distributors and processors, and fertilizers and pesticides manufacturers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Agrochemicals Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Agrochemicals Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the agrochemicals market. The research methodology used to estimate the market size includes the following:

  • The key players were identified through extensive secondary research.
  • The industry’s supply chain and market size were determined through primary and secondary research.
  • All percentage shares splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All the possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.

Agrochemicals Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed. The data was triangulated by studying various factors and trends from both the demand and supply sides in the agrochemicals market.

Report Objectives

  • To define, segment, and estimate the size of the agrochemicals market with respect to fertilizer type, pesticide type and crop type and region
  • To provide detailed information about the major factors influencing the growth of the agrochemicals market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze the complete value chain and influence of all key stakeholders, such as manufacturers, suppliers, and end users
  • To analyze the opportunities in the agrochemicals market for stakeholders and provide details of the competitive landscape for market leaders
  • To profile the key players and comprehensively analyze their core competencies
  • To analyze the competitive developments, such as new product launches, acquisitions, investments, expansions, partnerships, agreements, joint ventures, and product approvals, in the trace minerals in feed market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakdown of the Rest of Europe market for agrochemicals which includes countries such as Netherlands, Romania and the UK.
  • Further breakdown of the Rest of Asia Pacific agrochemicals market, which includes countries such as  Indonesia and Veitnam.
  • Further breakdown of the Rest of South America market agrochemicals market which includes countries such as Peru, Paraguay and Peru.

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
Report Code
AGI 3759
Published ON
Mar, 2021
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