Uploaded on Dec 13, 2021
The Global Agrochemicals Market was valued at USD 203.3 Bn in 2020, and is expected to reach USD 275.9 Bn by 2027, expanding at a CAGR of 4.6% during the forecast period.
Global Agrochemicals Market is expected to reach USD 275.9 Bn by 2027
Global Agrochemicals Market is
expected to reach USD 275.9 Bn by
2027
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hemicals-market
Agrochemicals Market Summary:
The Global Agrochemicals Market was valued at USD 203.3 Bn in 2020, and is expected to reach USD 275.9 Bn by
2027, expanding at a CAGR of 4.6% during the forecast period.
The rapidly increasing world population has risen the demand for food production and consequently driving the
growth in the agrochemicals market. According to World Bank, the world population increased from 6.9 Bn in 2010
and reached 7.7 Bn in 2020. Therefore, to meet the food requirements of such a rapidly growing population,
agrochemical products are widely being deployed in the agricultural sector.
Agrochemicals Market: Key Vendors
• Bayer AG
• Agrium Inc.
• BASF SE
• E. I. du Pont Nemours and Company
• Dow AgroSciences LLC
• Sumitomo Chemical Co.
• Monsanto Company
• Yara International ASA
• Others
Major Regions Covered in Report
Regional Overview & Analysis of Wall Coverings Market:
North America (US and Canada)
Europe (UK, Germany, France and Rest of Europe)
Asia Pacific (China, Japan, India and Rest of Asia Pacific)
Latin America (Brazil, Mexico and Rest of Latin America)
Middle East & Africa (GCC and Rest of Middle East & Africa)
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Agrochemicals Market Segmentations
By Product By Form Other Top Players
• Fertilizers • Crop Based • Uralkali
• Synthetic Fertilizers • Grains and Cereals • ADAMA Agricultural Solutions Ltd.
• Phosphatic • Pulses and Oilseeds
• Nufarm Ltd.
• Potassic • Fruits and Vegetables
• American Vanguard Corporation
• Biofertilizers • Non-Crop Based
• Haifa Group
• Pesticides • Turf and Ornamental Grass
• Insecticides • Other Non-crop based • Zuari Agro Chemicals Ltd.
• Herbicides • Gharda Chemicals Limited
• Fungicides • Valent USA Corp.
• Others (Adjuvants, Plant Growth • United Phosphorus, Ltd
Regulators)
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Recent News Agrochemicals Market Report
1. In June 2021, Coromandel International, a company that manufactures and markets a wide range of fertilizers
announced the launch of six new products including 1 Herbicide, 1 Fungicide, and 4 Insecticide. With the launch of
these products, the company aims at becoming a value-based solution provider to farmers and improving its
portfolio in crop protection.
2. In April 2020, Sumitomo Chemical, a major Japanese chemical company announced the acquisition of four South
American subsidiaries of Nufarm. With this acquisition, the company plans to build its in-house sales system for
crop protection chemicals in Latin America, including Brazil.
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