Agrochemicals Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR40986

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The agrochemicals market has the potential to grow by USD 39.81 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.21%.

This agrochemicals market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (fertilizers and pesticides) and geography (APAC, North America, Europe, South America, and MEA). The agrochemicals market report also offers information on several market vendors, including Archer Daniels Midland Co., BASF SE, Bayer AG, Cargill Inc., CF Industries Holdings Inc., Corteva Inc., Evonik Industries AG, Nissan Chemical Corp., Nutrien Ltd., and Yara International ASA among others.

What will the Agrochemicals Market Size be in 2021?

Agrochemicals-Market-Market-Size-2020-2025

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Agrochemicals Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing use of herbicides is notably driving the agrochemicals market growth, although factors such as the rising popularity of organic farming may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the agrochemicals industry get your FREE report sample now.

  • The increasing use of herbicides will fuel the growth of the agrochemicals market size.
  • Huge investments are being made for the development of new varieties of herbicides that are more effective and eco-friendlier.
  • Applications of herbicides are spread across varieties of crops, including cereals, grains, fruits, vegetables, oilseeds, and pulses.
  • The shifting presence of consumers toward fruits and green vegetables, propelled by the increasing awareness regarding health and fitness, fuels the use of herbicides in agricultural applications.
  • The technological improvements leading to efficient methods of agriculture will significantly impact agrochemicals market growth.
  • The growing world population and the declining arable land need improved and upgraded agricultural production.
  • Advancements in new breeding technologies claim to improve yields, as well as increase the lifespan of crops. 
  • These advancements improve the effectiveness of agrochemicals and cause less harm to the environment and human health. 

This agrochemicals market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Agrochemicals Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Archer Daniels Midland Co.
  • BASF SE
  • Bayer AG
  • Cargill Inc.
  • CF Industries Holdings Inc.
  • Corteva Inc.
  • Evonik Industries AG
  • Nissan Chemical Corp.
  • Nutrien Ltd.
  • Yara International ASA

 

The agrochemicals market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the agrochemicals market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Agrochemicals Market?

Agrochemicals-Market-Market-Share-by-Region-2020-2025

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51% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for agrochemicals in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The increasing practice of modern farming procedures and the growing use of agrochemicals will facilitate the agrochemicals market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Agrochemicals Market?

Agrochemicals-Market-Market-Share-by-Product-2020-2025

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The agrochemicals market share growth by the fertilizers segment will be significant during the forecast period. The use of fertilizers for the production of cereals and grains, fruits, vegetables, and oilseeds will have a positive impact on market growth during the forecast period. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the agrochemicals market size.

 

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What are the Key Factors Covered in this Agrochemicals Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive agrochemicals market growth during the next five years
  • Precise estimation of the agrochemicals market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the agrochemicals industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of agrochemicals market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The agrochemicals market growth will increase by $35.53 billion during 2019-2024.
The agrochemicals market is expected to grow at a CAGR of 3.91% during 2019-2024.
Technavio has segmented the agrochemicals market by product (Fertilizers and Pesticides) and geographic (APAC, North America, Europe, and South America).
Archer Daniels Midland Co., BASF SE, Bayer AG, Cargill Inc., CF Industries Holdings Inc., DuPont de Nemours Inc., Evonik Industries AG, Nissan Chemical Corp., Nutrien Ltd., Yara International ASA are a few of the key vendors in the agrochemicals market.
APAC will register the highest growth rate of 55.12% among the other regions. Therefore, the agrochemicals market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the agrochemicals market growth are:
  • Increasing use of herbicides
  • Mergers and acquisitions leading to market consolidation
The agrochemicals market vendors should focus on grabbing business opportunities from the fertilizers segment as it accounted for the largest market share in the base year.
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