Agrochemicals Market

Market Leaders - Agrochemicals Market

The global agrochemicals market size is estimated to be valued USD 208.6 billion in 2020 and is expected to reach a value of USD 246.1 billion by 2025, growing at a CAGR of 3.4% during the forecast period. Factors such as increasing demand for food supply due to the rapid growth in the human population has triggered agricultural intensification during the last few decades. For addressing the growing food demands, agrochemicals (fertilizers and diverse pesticides) are rigorously used in agriculture, which accomplishes the gap between food production and consumption, all these are driving the market for agrochemicals during the forecast period.

Key players in this market include Bayer (Germany), BASF (Germany), Yara International (Norway), Compass Minerals (US), and Syngenta (Switzerland). Some of the other dominant players in the market include Adama Ltd (Israel), Sumitomo Chemicals (Japan), Nufarm Limited (Australia), UPL (India), K+S Group (Germany), and Israel Chemical Company (Israel). These players have focused on strategies such as new product launches and expansions to gain a larger market share in the agrochemicals market.

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Bayer (Germany) operates through four business segments, namely pharmaceuticals, consumer health, animal health, and crop science. The crop science division of the company has been working on introducing crop protection agrochemical products and digital solutions. The crop protection business offers a broad portfolio of highly effective herbicides, fungicides, insecticides, plant growth regulators, and seed treatment products with chemical or biological modes of action. The company provides extensive customer service to support sustainable agriculture.

Bayer has a vast geographic reach and has marked its presence in more than 87 countries. It has a significant market share in Asia Pacific countries, which account for approximately 20% of the total annual revenue share.

BASF SE (Germany) is a Germany-based chemical company. It operates through six segments, which include chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. It provides many agrochemical products such as herbicides, fungicides, insecticides, and seed treatment products that provide crops with higher resistance to diseases and pests to increase the potential yield.

It has a strong focus on innovation and development. The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas, and Africa. BASF has customers in over 190 countries and supplies products to a wide variety of industries.

Nutrien Ltd (Canada) was formed in 2018 during the merger between Agnum, Inc. (Canada) and Potash Corporation of Saskatchewan Inc. (PotashCrop) (Canada), to become one of the world’s largest premier provider of crops inputs and services. Nutrien has the largest crop nutrient product portfolio, which is combined with an unparalleled global retail distribution network that includes more than 1,500 farm retail centers. The company is a leading manufacturer and distributes over 27 million tons of nitrogen, potash, and phosphate products for industrial, agricultural, and feed customers worldwide. The company has a wide range of agriculture retail network that provides services to over 500,000 grower accounts. It has a network of around 1,700 retail locations in seven countries, along with operations and investments in 14 countries globally. It has its presence North America, South America, Europe, Asia, Africa, and Australia. The company provides its fertilizer products in the dry form and liquid forms. It offers fertilizer products such as nitrogen (dry), nitrogen (liquid), potash(dry), potash (liquid), industrial (dry), and industrial (Liquid).

Related Reports:

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

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Agrochemicals Market Size,  Share & Growth Report
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