The updated research on Agrochemicals industry is a comprehensive study that provides exclusive insights about Agrochemicals business for new market entrants and established players. The report carefully analyses all the essential aspects of the Agrochemicals market and provides a detailed overview of the growth prospects of the industry. Along with that the report also offers readers complete information about the latest market trends, market shares, and revenue growth patterns over the years.
The Global Agrochemicals Market was valued at USD 203.3 Bn in 2020, and is expected to reach USD 275.9 Bn by 2027, expanding at a CAGR of 4.6% during the forecast period.
The rapidly increasing world population has risen the demand for food production and consequently driving the growth in the agrochemicals market. According to World Bank, the world population increased from 6.9 Bn in 2010 and reached 7.7 Bn in 2020.
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Therefore, to meet the food requirements of such a rapidly growing population, agrochemical products are widely being deployed in the agricultural sector. In addition, agrochemical products offer several benefits in the agricultural sector which also increasing the agrochemicals industry growth. Agrochemicals provide high yield and improved yield quality to crop production. In addition, they help in reducing crop loss by providing crop protection in the agriculture sector. These benefits help in increasing crop production and consequently meet the surging global demand for agricultural produce
Top Players Analyzed in the Report are :
For a comprehensive value chain analysis, the report covers the downstream and upstream essentials of the Agrochemicals market. It also pays special focus on the growth process, macro- and micro-economic factors, raw material sources analysis, and other technical data. The report further segments the market on the basis of types, applications, and regions and offers insights into the segments that have the highest penetration and profit margin, along with recent developments based on geographies.
The Global Agrochemicals Industry Segmentation:
- Bayer AG
- Agrium Inc.
- BASF SE
- E. I. du Pont Nemours and Company
- Dow AgroSciences LLC
- Sumitomo Chemical Co.
- Monsanto Company
- Syngenta AG
- The Mosaic Co.
- Yara International ASA
- PotashCorp
- FMC Corporation
- Israel Chemicals Ltd.
- K+S AG
- Uralkali
- ADAMA Agricultural Solutions Ltd.
- Nufarm Ltd.
- IFFCO
- SQM
- American Vanguard Corporation
- Haifa Group
- Zuari Agro Chemicals Ltd.
- Gharda Chemicals Limited
- Valent USA Corp.
- United Phosphorus, Ltd
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The Global Agrochemicals Industry Segmentation:
Global Agrochemicals Market by Product Type Outlook (Revenue, USD Billion, 2021-2027)
Fertilizers
- Synthetic Fertilizers
- Phosphatic
- Potassic
- Biofertilizers
Pesticides
- Insecticides
- Bio-Insecticides
- Herbicides
- Bio-Herbicides
- Fungicides
- Bio-Fungicides
Others (Adjuvants, Plant Growth Regulators)
Global Agrochemicals Market by Application Outlook (Revenue, USD Billion, 2021-2027)
Crop Based
- Grains and Cereals
- Pulses and Oilseeds
- Fruits and Vegetables
Non-Crop Based
- Turf and Ornamental Grass
- Other Non-crop based
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Recent News:
- In June 2021, Coromandel International, a company that manufactures and markets a wide range of fertilizers announced the launch of six new products including 1 Herbicide, 1 Fungicide, and 4 Insecticide. With the launch of these products, the company aims at becoming a value-based solution provider to farmers and improving its portfolio in crop protection.
- In April 2020, Sumitomo Chemical, a major Japanese chemical company announced the acquisition of four South American subsidiaries of Nufarm. With this acquisition, the company plans to build its in-house sales system for crop protection chemicals in Latin America, including Brazil.
Benefits of Global Agrochemicals Market Report:
- Comprehensive analysis of the changing market dynamics
- A futuristic outlook on different factors influencing the market
- An 8-year forecast of the market growth and expected revenue growth
- Ease of understanding of the market, key segments, and their future growth
- In-depth analysis of the competitive landscape to give an advantageous edge for the companies
- Extensive insight into the market with in-depth analysis of the segmentation
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