Agrochemical Market: Current Analysis and Forecast (2021-2027)


Emphasis on Type [Fertilizers (Nitrogen, Phosphatic, and Potassic) and Pesticides (Fungicides, Herbicides, Insecticides, and Others)]; Crop (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, and Others); and Region and Country







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Research Methodology

Report Description

Agrochemical Market 2
Agrochemical Market 2

The global agrochemical market is likely to showcase a growth of around 3% during the forecast period. As the population is increasing worldwide, with this the demand for agricultural products is also increasing. For instance, according to Food and Agricultural Organization, the world population is expected to increase to 10 billion by 2050. The increase in population will create a high demand for food.  However, the availability of the landmass for the production of crops and farm products is decreasing due to urbanization and industrialization. Besides, people are becoming health conscious, thereby there is an expansion in demand for natural food, fresh fruits, vegetables, and flowers which requires an extremely controlled environment and precise nutritional content in the soil. These aforementioned factors have compelled the farmers to use different types of agrochemical products for enhancing crop production and improving soil quality. Due to high concern towards agricultural sustainability, soil quality, and environmental safety, the agrochemicals products are rapidly used by the farmers along with the organic manure to improve soil fertility and the health of crops and plants.

Insights Presented in the Report

“Amongst type, the pesticides held a prominent share in the market in 2020”

Based on type, the market is categorized into fertilizers and pesticides. Of both, pesticides captured a considerable share in the market owing to their usage in a large number of application areas. Pesticides are majorly used in the agriculture sector for controlling weeds, insect infestation, and plant diseases. Furthermore, they are used in non-agricultural areas like public, urban green areas, and sports fields to control various pests and disease carriers, such as mosquitoes, ticks, rats, and mice. There are many different types of pesticides; each is meant to be effective against specific pests. Some pesticides include disinfectants, fungicides, herbicides, insecticides, algaecides, insect growth regulators, wood preservatives, and rodenticides.

“Amongst crops, the cereals and grains held a prominent market share in 2020”

Based on crop, the market is categorized into cereals and grains, fruits and vegetables, and others. Among these, cereals and grains held a prominent market share. Cereals and grains are the largest consumed class of crops, mostly in the Asia Pacific. Moreover, cereals and grains cover a vast area of cultivation in the world. It has become prominent to use fertilizers for cereals and grains production. The increasing consumption of cereals and grains, such as rice, wheat, rye, corn, oats, sorghum, and barley, in various other regions is driving the demand for agrochemicals in this segment

“Asia-Pacific accounted for a considerable share in the Agrochemical market”

For a better understanding of the market adoption of agrochemicals, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific accounted for a significant share in the market and is expected to showcase substantial growth during the forecast period owing to a large and growing agriculture sector. India is expected to have a population of around 1.7 billion by 2050, and the demand for food grain is estimated at 355 million tons by 2030. Taking into account decreasing arable land and small landholdings, increasing productivity is the only way for increasing output that can be achieved through the usage of farm productivity-enhancing inputs like agrochemicals.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive country-level analysis of the industry

Customization Options:

The global agrochemical market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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1.1.Market Definitions 
1.3.Stake Holders 
1.4.Currency used in Report


2.1.Research Process of the Agrochemical Market
2.2.Research Methodology of the Agrochemical Market
2.3.Forecasting Method
2.4.Respondent Profile
2.5.Main Objective of the Agrochemical Market Study






 7.1.1. Nitrogen Fertilizer
 7.1.2. Phosphatic Fertilizer
 7.1.3. Potassic Fertilizer
 7.2.1. Fungicides
 7.2.2. Herbicides
 7.2.3. Insecticides
 7.2.4. Other 


8.1.Cereals & Grains
8.2.Oilseeds & Pulses
8.3.Fruits & Vegetables
9.1.North America Agrochemical Market 
 9.1.1.United States
 9.1.3.Rest of North America
9.2.Europe Agrochemical Market 
 9.2.3.United Kingdom
 9.2.6.Rest of Europe
9.3.Asia Pacific Agrochemical Market
 9.3.5.Rest of Asia Pacific
9.4.Rest of World Agrochemical Market 


10.1.Market Drivers
10.2.Market Challenges
10.3.Impact Analysis








14.1.Demand Side Analysis
14.2.Supply Side Analysis 
 14.2.1.Top Product Launches
 14.2.2.Top Business Partnerships
 14.2.3.Top Business Expansions, Investments, and Divestitures
 14.2.4.Top Merger and Acquisitions




16.1.Porters Fiver Forces Analysis
 16.1.1.Bargaining Power of Buyer
 16.1.2.Bargaining Power of Supplier
 16.1.3.Intensity of Rivalry
 16.1.4.Threats of New Entrant
 16.1.5.Threat of Substitute
16.2.Competitive Landscape


17.1.BASF SE 
17.2.Bayer AG 
17.3.Sumitomo Chemical Co. Ltd.
17.4.Syngenta AG
17.5.Corteva Inc.
17.6.United Phosphorus Limited
17.7.Adama Agricultural Solutions
17.8.Jiangsu Yangnong Chemical Group Co. Ltd.
17.9.Nufarm Ltd.
17.10.FMC Corporation



Research Methodology

Research Methodology for Global Agrochemical Market Analysis (2021-2027)

Analyzing the historical market, estimating the current market, and forecasting the future market of agrochemical, three major steps are undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the agrochemical industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of agrochemical through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the agrochemical market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. The major segment is included in the report by type and crop. Further regional and country-level analyses were conducted to evaluate the overall adoption of agrochemicals globally.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of agrochemicals. Further, we conducted factor analysis using dependent and independent variables such as increasing demand from the agriculture sector and increasing pesticide manufacturing capacity. A thorough analysis was conducted for demand and supply-side scenarios considering an increasing investment, top partnerships, mergers and acquisitions, business expansion, and product launches in the agrochemical industry.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global agrochemical market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the bottom-up approach were applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of agrochemical across the major markets.
  • All percentage shares, splits, and breakdowns of market segments and sub-segments.
  • Key players in the agrochemical market. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants by Stakeholders and Regions

Agrochemical Market 1
Agrochemical Market 1

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global agrochemical market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of type and crop. 

The main objective of the Agrochemical market study

The current & future market trends of global agrochemical were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of agrochemicals in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segment in the study include the area of type and crop
  • Defined analysis of the regulatory framework for the agrochemical industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of agrochemical for the major countries
  • Major regions/countries analyzed in the report include North America (US, Canada, Mexico, Rest of North America), Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World
  • Company profiles of the agrochemical market players and the growth strategies adopted by them to sustain in the growing market
  • Deep dive country-level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise price list?