The Agrochemical Market is projected to reach USD 287.47 billion by 2033, growing from USD 224.25 billion in 2023 at a compound annual growth rate (CAGR) of 2.86% over the next decade. This sector includes products that enhance crop yields and protect plants from pests and diseases, and is divided into segments such as fertilizers, pesticides, adjuvants, and plant growth regulators. Key players in the market include BASF SE, Corteva Agriscience, Yara International ASA, Bayer Crop Science, and Adama Agricultural Solutions. The market is expected to expand at a CAGR of 4% to achieve USD 308.17 billion by 2029, with significant consumption in the Asia-Pacific region, especially in India and China. Drivers of growth include the increasing demand for high-quality, blemish-free produce, the need to maintain aesthetic appeal and marketability, innovations in feed and animal husbandry, advancements in product development and diagnostics, and rising demand for fertilizers and pesticides to boost agricultural productivity and meet food supply needs.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By Fertilizer Type (Nitrogen fertilizer, Phosphatic Fertilizer, Potassic Fertilizer)
By Pesticide Type (Fungicides, Herbicides, Insecticides, Others)
By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others)
Key players
Bayer
YARA International
BASF
Israel Chemicals Ltd.
Nutrien Ltd.
FMC Corporation
The Mosaic Company
Fengro Industries Corp
DowDuPont Inc
WinHarvest Pty Ltd
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