Agrochemicals Market is anticipated to reach US$ 272.57 Bn. by 2029 from US$ 215.69 Bn. in 2022 at a CAGR of 3.4 % during a forecast period.
Market Overview:
The Agrochemicals market is a highly competitive landscape, featuring a diverse range of industry players. This overview provides insights into these competitors, offering details such as their company profiles, financial performance, revenue generation, market potential, research and development investments, expansion into new markets, geographical presence, strengths and weaknesses, recent product launches, and dominant applications. All of this information is specifically focused on the Agrochemicals market.
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Market Scope:
To determine and estimate the market size across various segments, we employ both top-down and bottom-up methodologies. Our market research relies on actual sale prices, excluding any manufacturer, distributor, wholesaler, or trader discounts. We allocate weights based on usage rates and average sale prices to create percentage splits, market shares, and segment breakdowns. The acceptance or usage percentage of the market size in a given region or country dictates the segmentation of the primary market and its sub-segments on a country-wise basis.
Drivers:
By controlling pests and diseases on crops, agrochemicals are a significant component of the agricultural support industry that raises agricultural production. Agrochemicals are becoming more and more important since pest, weed, and disease attacks cause over 25% of the world’s agricultural produce to be lost. This is not good news for farming considering the significant challenges that lie ahead. According to estimates, there will be 7.6 billion people on the planet in 2018, up 1.12% from 2017. Due to rapid population increase, there is a greater need for agricultural products worldwide. As a result, more agricultural chemicals are being used to boost crop productivity and advance the agriculture industry.
Segmentation:
by Fertilizer Type
Nitrogen fertilizer
Phosphatic Fertilizer
Potassic Fertlizer
by Enterprise Size
Fungicides
Herbicides
Insecticides
Others
by Crop Type
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Others
Key Players:
Identifying market leaders is a result of extensive primary and secondary research. The calculation of market revenue is based on this research. Our core study involved in-depth interviews with industry experts, including experienced front-line personnel, CEOs, and marketing executives. Primary research also encompassed interviews with key thought leaders in the industry. Secondary research involved a comprehensive review of annual and financial reports of major manufacturers. Secondary data is then used to calculate percentage splits, market shares, growth rates, and global market breakdowns, all of which are cross-verified with primary data.
The following represent the key players in the Agrochemicals market:
1. ADAMA LTD
2. BAYER
3. BASF SE
4. SYNGENTA AG
5. UPL
6. COMPASS MINERALS
7. EUROCHEM GROUP
8. OCP GROUP
9. K+S AKTIENGESELLSCHAFT
10.SOCIEDAD QUÍMICA Y MINERA DE CHILE
11.SUMITOMO CHEMICALS
12.NUFARM
13.NUTRIEN LTD
14.YARA INTERNATIONAL ASA
15.ICL
16.CORTEVA INC.
17.THE MOSAIC COMPANY
18.OCI NITROGEN
19.NISSAN CHEMICALS INDUSTRIES LTD.
20.NIPPON SODA CO., LTD.
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Regional Analysis:
The geographical component of our research examines factors that influence individual markets and changes in market regulations, impacting current and future market trends. Factors used to forecast market scenarios in various countries include downstream and upstream value chain analysis, technological trends, Porter’s five forces analysis, and relevant case studies.
COVID-19 Impact Analysis on Agrochemicals Market:
Our research also evaluates the impact of the COVID-19 pandemic on the Agrochemicals market. The primary goal of this analysis is to provide users with a comprehensive understanding of the market, encompassing its definition, segmentation, market potential, key trends, and challenges faced by the industry in major regions. We offer a microeconomic and macroeconomic analysis of the overall impact of COVID-19 on the Agrochemicals Market. Our report focuses on market share and size, clearly illustrating the pandemic’s influence on the global Agrochemicals Market in the coming years.
Key Questions Answered in the Agrochemicals Market Report:
• What is the Compound Annual Growth Rate (CAGR) of the Agrochemicals market during the projected period (2021-2027)?
• Which market category has emerged as the leader in the Agrochemicals industry?
• Who are the key players in the Agrochemicals market?
• What significant trends in the Agrochemicals industry are expected to develop during the forecast period?
• How large will the Agrochemicals market be by 2027?
• In 2020, which business segment held the largest market share in the Agrochemicals market?
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A detailed Market Overview
Market Share, Size & Forecast by Revenue | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation – A detailed analysis by segments and sub-segments
Regional Insights
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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