Close Button


Enquiry IconContact Us

Agrochemicals Market Outlook

Agrochemicals are specially designed products used to enhance the productivity of crops and to protect them from insects, fungi, weeds, and pests. Agrochemicals include acidifying and liming agents, fertilizers, pesticides, and soil conditioners. Increasing pressure on farm yield improvement and declining farmlands is the major reason for the growth in consumption. Agrochemicals help farmers to fulfil demand from the rising population by increasing the amount of cultivation, which subsequently leads to higher returns on investment. Farmers are striving to achieve high quality and nutritive crop production as a result of which there has been a considerable increase in demand for agrochemicals. Growth of the population has led to higher demand for food grains which, in turn is expected to fuel growth of the agrochemicals market. However, the prolonged use of agrochemicals causes ecological and environmental damage, thus reducing its benefits. Agrochemicals can adversely affect the health of consumers, causing diseases such as cancer, autism, asthma, Alzheimer’s, and diabetes. Furthermore, these chemicals may contaminate ground water by accumulating on the land surface. Increasing agricultural and non-agricultural application of agrochemicals is propelling its demand from end-use industries. The key factors fueling growth of the market include the growing population, soil degradation, and high demand for food grains across the globe. The lower price of agrochemicals (pesticides and chemical fertilizers) compared to bio-pesticides and bio-fertilizers is a major reason for its increasing use among farmers. However, availability of various alternatives to agrochemicals such as organic pesticides made from minerals, low toxicity pesticides, bio-pesticides, and bio-fertilizers are is expected to hinder growth of the market.

According to the India Brand Equity Foundation (IBEF), a Trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India, the agrochemical market in India is expected to grow at 7.5% annually due to domestic demand, and reach US$ 6.3 billion by 2020. In India, the consumption of crop protection products in 2016 was below the global average of 3kg per hectare. However, the rapidly expanding population of the country is expected to propel demand for agriculture and create immense growth opportunities for players operating in the agrochemicals market. Asia Pacific is expected to hold a dominant position in the agrochemical market owing to the population growth, the rising demand for food production, as well as rapid economic growth in the region.

Application of Agrochemicals:

  • Commodity Chemicals:

These chemicals are manufactured for agricultural and industrial use. Commodity chemicals are usually used in farming and have corrosion action on the exposed part of the human body. These chemicals include by-products and industrial waste such as acidic solutions or dilute caustic.

  • Pesticides:

Pesticide is a substance used for destroying or controlling insects or other organisms that cause harm to cultivated plants. These include insecticides, herbicides, nematicides, rodenticides, insect repellants, animal repellants, and fungicides.

  • Fertilizers:

Fertilizers are any substance of natural or synthetic origin which are applied to plant tissues or soil to supply nutrients necessary for the growth of plants.

  • On-Farm Veterinary Products:

These products are used to nurture animals, which are applied to the skin or administered orally or through injection.

Key Challenges of the Global Agrochemicals Market

  • Government Regulations:

The Environmental Protection Agency (EPA) is responsible for regulating pesticides under the FQPA (Food Quality Protection Act) and FIFRA (Federal Insecticide, Fungicide and Rodenticide Act). Agrochemical products need to adhere to stringent regulatory standards to prevent any side effects on the environment and human health.

  • Lack of Awareness:

The farmers in remote areas still practice subsistence agriculture and sell their output in local markets. Availability of land for agriculture is decreasing due to growing urbanization and the increasing number of infrastructural projects. This has created awareness among farmers, regarding the use of agrochemicals to help in efficient farming.

  • Plant location and transportation:

The manufacturing plant location of agrochemicals is significant in reducing the transportation costs from the plants to clearing and forwarding agents. If the plants are strategically located, supply delays can be avoided and transportation costs of raw materials can be reduced.

  • Minimal research and development activity:

The agrochemicals market in India has focused on manufacturing common agrochemicals instead of investing on research and development of new products. The demand for agrochemicals is increasing steadily and hence resulting in the need to manufacture products that benefit the local farmers.

Key Conferences on Agrochemicals:

The objective of these conferences is to offer high quality of education to the participants about latest research related to agrochemicals and newly developed products. The global conferences for agrochemicals held between 2016 and 2017 are listed below:

  • 19th International Conference on Plant Protection and Agrochemical Products, 2017, USA
  • 19th International Conference on Agrochemicals and Phytohormones, 2017, Cuba
  • 19th International Conference on Agrochemicals, 2017, Kyoto, Japan
  • International Crop-Science Conference & Exhibition, 2017, India
  • 11th International Crop-Science Conference and Exhibition, 2016, Goa, India
  • 3rd International Conference On Agrochemicals Protecting Crops, Health And Natural Environment, 2016, New Delhi, India
  • 4th National Conference on Agrochemicals, 2017, New Delhi, India

Key Players in the Agrochemicals Market:

Mergers, acquisitions, partnerships, collaborations, and joint ventures are the most commonly implemented strategies among manufacturers of agrochemicals. For instance, FMC Corporation, a chemical manufacturing company, acquired a significant portion of DuPont Crop Protection business to be divested with the European Commission’s ruling related to its merger with The Dow Chemical Company. In 2017, FMC Corporation generated a revenue of US$ 1.5 billion through this acquisition.

The manufacturers of agrochemicals are focusing on the development of products and implementing new innovations and technology to achieve a better position in the global agrochemical market. In 2016, Syngenta AG, a producer of agrochemicals and seeds, made an investment of US$ 1.3 billion in research and development and launched 16 new crop protection products.

Some of the key players in the global market for agrochemicals include Haifa Group, BASF SE, Syngenta AG, Yara International ASA, Bayer CropScience AG, Zuari Agro Chemicals Ltd., Gharda Chemicals Limited, and Dow Agro Sciences LLC.

Read More

Agrochemicals Published Insights

Coherent Market Insights

Aquaculture Market, By Fish Type (Carps, Mollusks, Crustaceans, Salmon, Milkfish, Trout, Mackerels, Sea bream, Sea bass, Others), By Environment (Fresh Water, Marine Water, Brackish Water), By Region (North America, Europe, Asia Pacific Excluding China, China, Rest of the World) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

Published Date : Oct 2021

Aquaculture is a technique of farming aquatic species such as fish, crustaceans, and other flora and fauna species. On the basis of culture environment aquaculture market is primarily classified into inland water, brackish water, and marine water. The process of aquac... Read more

Coherent Market Insights

Water Soluble NPK Fertilizers Market, by Application (Foliar and Fertigation), by Crop Type (Field Crops, Horticultural Crops, Ornamentals, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Published Date : Jan 2021

Water soluble fertilizers are fertilizers that can be dissolved in water and added or leached out of the soil easily. Moreover, with water soluble fertilizers, it is easy to control the precise amount of nutrients available to the plants. The global water soluble NPK ... Read more

Coherent Market Insights

Dicamba Market, By Application (Agriculture, Lawn & Turf, Others (Forests, Garden & Plants, Non-commercial applications, etc.)), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

Published Date : Feb 2020

Dicamba Market 2017–2027 Dicamba is a product that belongs to the herbicide group and widely used to destroy unwanted growth of broadleaf plants. It is available in the different salt and acid formulati... Read more

Coherent Market Insights

Transfluthrin Market, by Product Type (Purity >90%, Purity >95%, and Purity >99%), by Application (Mosquito Repellents, Flies Repellents, Cockroach Repellents, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

Published Date : Sep 2021

Transfluthrin is a pyrethroid insecticide with a short residual effect. Flies, mosquitoes, butterflies, and cockroaches are all eliminated by it. Transfluthrin is a highly flammable liquid that can be used as a contact and inhalation agent. ... Read more

Coherent Market Insights

Biostimulants Market, By Application (Foliar, Soil, Seed), By Crop Type (Row Crops, Fruits & Vegetables, Turfs and Ornamentals, Other Crop Types), By Active Ingredient (Acid-Based, Extract Based, Others), and By Region (North America, Latin America, Europe, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

Published Date : Dec 2019

Biostimulant is a substance that is used to foster the plant growth by improving the metabolism of the plant and it finds application in agriculture and horticulture. It is derived from natural resources and some of the most common biostimulants used are humic&nb... Read more

Coherent Market Insights

Chelated–Iron Agricultural Micronutrient Market Report, by Application (Cereals, Fruits & vegetables, Pulses & Oilseeds and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

Published Date : Dec 2019

Definition of Market/Industry: Chelated-iron micronutrients are mostly used in the soil with high pH value and soil with low organic matter content to reduce the iron deficiency in the soil. Chelated-iron micronutr... Read more

Coherent Market Insights

Cyromazine Market, by Application (Crop Protection and Veterinary Medicines) and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

Published Date : Jan 2019

­­­Global Cyromazine Market – Insights Cyromazine is an insect growth regulator (IGR) and is a cyclopropyl & an aminotriazine derivative of melamine. Cyromazine finds application in anim... Read more

Coherent Market Insights

Complex Fertilizers Market Report by Product Type (Complete Complex Fertilizers and Incomplete Complex Fertilizers), by Product Form (Solid and Liquid), and by Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseeds, and Fruits & Vegetables) - Size, Share, trends, and Forecast to 2025

Published Date : Jul 2018

Global Complex Fertilizers - Insights Complex fertilizers (compound fertilizers) are prepared by mixing two or more type of macro-nutrient fertilizers. These fertilizers can be further blended with elements t... Read more

Coherent Market Insights

Floriculture Market Report, by Product Type (Cut Flowers, Pot Plants, Cut Foliage, Bedding Plants, and Others), by Application (Decoration and Industrial), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Trends and Forecast 2019-2027

Published Date : Aug 2019

Floriculture Market – Insights Floriculture is a branch of horticulture associated with the cultivation of flowering and ornamental plants to be utilized in various applications such as decoration and a... Read more

Coherent Market Insights

Seed Treatment Market, By Treatment (Insecticides, Fungicides, Nonchemical treatments, Others), By Crop Type (Corn/Maize, Soybean, Wheat, Canola, Cotton, Others), and By Region (North America, Europe, Latin America, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Published Date : Aug 2020

Seed treatment provides effective protection to the seed from insects, pathogens, and other pests. Moreover, seed treatment also contributes to the production of healthy and quality seed. It has emerged as a cost-effective solution as compared to the traditional spray... Read more

Subscribe Newsletter

Kindly subscribe for our latest news & articles.