Dublin, Dec. 22, 2021 (GLOBE NEWSWIRE) -- The "Global Agrochemicals Market (Fertilizers, Herbicides, Fungicides & Insecticides): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)" report has been added to ResearchAndMarkets.com's offering.
The global agrochemicals market is expected to reach US$305.71 billion in 2025, progressing at a CAGR of 3.98%, over the period 2021-2025. Growth in the agrochemicals market has accrued due to rising demand for food supplies across the globe, expanding railway network, the growing deficit in arable lands, escalating animal husbandry sector and surging sales of mineral fertilizers. The market is anticipated to experience certain trends like increasing number of agrochemicals going off patent, accelerating adoption of biopesticides, favorable government policies and rising adoption of precision farming. The growth of the market would be challenged by the rapid growth of the organic food industry, safety issues with the use of agrochemicals and the high development cost of agrochemicals.
The global agrochemicals market has been segmented on the basis of product and application. According to product, the market can be bifurcated into fertilizers, pesticides and others which include plant growth regulators, liming and acidifying agents, adjuvants, etc. Whereas, in terms of application, the global agrochemicals market can be split into cereals & grains, fruits & vegetables, oilseeds & pulses and others which include non-crop based applications.
The fastest growing regional market is the Asia Pacific due to the surge in awareness among end-users regarding the benefits of agrochemicals, rising population base along with increasing demand for food, limited agricultural land, issues such as soil erosion and degradation and growing consumer demand for sustainable production of food. Further, the outbreak of the COVID-19 pandemic negatively impacted the market growth in 2020, due to weakened global demand conditions and halted manufacturing activities across the region.
Companies Mentioned
- BASF SE
- Bayer AG
- Sumitomo Chemical Co., Ltd.
- The Syngenta Group
- Corteva, Inc.
- FMC Corporation
Scope of the report
- The report provides a comprehensive analysis of the global agrochemicals market segmented on the basis of product, application and region with the potential impact of COVID-19.
- The major regional and country markets (Asia Pacific, Europe, North America and Rest of the World) have been analyzed.
- The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
- The competitive landscape of the market, along with the company profiles of leading players (BASF SE, Bayer AG, Sumitomo Chemical Co., Ltd., The Syngenta Group, Corteva, Inc., and FMC Corporation) are also presented in detail.
Key Target Audience
- Agrochemical Manufacturers, Distributors and Other Stakeholders
- Raw Material Suppliers
- Traders, Importers & Exporters
- Consulting Firms
- Farming Communities, Crop Protection & Other Agricultural Associations
- Research and Academic Institutes
Key Topics Covered:
1. Market Overview
1.1 Introduction
1.2 Classification of Agrochemicals
1.3 Some Majorly Used Agrochemicals
1.4 Manufacturing Process of Pesticide
1.5 Advantages of Agrochemicals
1.6 Disadvantages of Agrochemicals
1.7 Strategies for Agrochemical Management
2. Impact of COVID-19
2.1 Decline in Industrial Production
2.2 Impact on Chemical Industry
2.3 Reduction in Agrochemical Production
3. Market Analysis
3.1 Global Agrochemicals Market by Value
3.2 Global Agrochemicals Market Forecast by Value
3.3 Global Agrochemicals Market by Product
3.4 Global Agrochemicals Market by Application
3.5 Global Agrochemicals Market by Region
4. Regional Market
4.1 Asia Pacific
4.1.1 Asia Pacific Agrochemicals Market by Value
4.1.2 Asia Pacific Agrochemicals Market Forecast by Value
4.2 Europe
4.2.1 Europe Agrochemicals Market by Value
4.2.2 Europe Agrochemicals Market Forecast by Value
4.3 North America
4.3.1 North America Agrochemicals Market by Value
4.3.2 North America Agrochemicals Market Forecast by Value
4.3.3 The U.S. Agrochemicals Market by Value
4.3.4 The U.S. Agrochemicals Market Forecast by Value
4.3.5 The U.S. Agrochemicals Market by Product
4.3.6 The U.S. Agrochemicals Product Market by Value
4.3.7 The U.S. Agrochemicals Product Market Forecast by Value
4.4 RoW
4.4.1 RoW Agrochemicals Market by Value
4.4.2 RoW Agrochemicals Market Forecast by Value
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Rising Demand of Food Supplies Across the Globe
5.1.2 Expanding Railway Network
5.1.3 Growing Deficit in Arable Lands
5.1.4 Escalating Animal Husbandry Sector
5.1.5 Surging Sales of Mineral Fertilizers
5.2 Key Trends and Developments
5.2.1 Increasing Number of Agrochemicals Going Off-Patent
5.2.2 Accelerating Adoption of Biopesticides
5.2.3 Rising Adoption of Precision Farming
5.2.4 Favorable Government Policies
5.3 Challenges
5.3.1 Rapid Growth of Organic Food Industry
5.3.2 Safety Issues with the Use of Agrochemicals
5.3.3 High Development Cost of Agrochemicals
6. Competitive Landscape
6.1 Global Market
6.1.1 Revenue Comparison of Key Players
6.1.2 Market Capitalization Comparison of Key Players
6.1.3 R&D Comparison of Key Players
6.1.4 Global Agrochemicals Market Share by Key Players
6.1.5 Global Herbicide Market Share by Key Players
6.1.6 Global Fungicide Market Share by Key Players
6.1.7 Global Insecticide Market Share by Key Players
7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/lv6x60
