Meticulous Research®, a leading global market research company, has published a report titled "Agrochemicals Market by Type (Fertilizers, Synthetic Chemicals, Biological Chemicals, Biostimulants, Plant Growth Regulators), Form (Dry, Liquid), Mode of Application (Seed Treatment, Soil Treatment, Fertigation), Crop Type - Global Forecast to 2030."
The agrochemicals market is projected to reach $338.49 billion by 2030, growing at a CAGR of 4.0% from 2023 to 2030. The market's growth is driven by the rising demand for affordable crop protection solutions, the need to enhance crop yield and quality, increased organic farming and demand for organic food, heightened awareness about environmental safety, and a growing focus on soil management practices. Additionally, government initiatives promoting biopesticides, integrated pest management strategies, and opportunities in emerging markets in Asia-Pacific and Latin America are expected to bolster market growth. However, challenges include stringent regulations, high demand for synthetic fertilizers, a lack of farmer education and awareness, and lengthy product registration and approval processes.
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Key Players
Key players in the agrochemicals market include:
BASF SE (Germany), Bayer AG (Germany), Corteva, Inc. (U.S.), FMC Corporation (U.S.), Novozymes A/S (Denmark), Nufarm Limited (Australia), Syngenta AG (Switzerland), UPL Limited (India), Sumitomo Chemical Co., Ltd. (Japan), Jiangsu Yangnong Chemical Co. Ltd. (China), Loveland Products, Inc. (U.S.), Eastman Chemical Company (U.S.), Evonik Industries AG (Germany), American Vanguard Corporation (U.S.), Koppert B.V. (Netherlands), Gowan Company LLC (U.S.), Biolchim SPA (Italy), Lallemand Inc. (Canada), ADAMA Agricultural Solutions Ltd. (Israel), Isagro S.p.A. (Italy), Market Segmentation
The report provides historical market data (2021 and 2022), current estimates (2023), and forecasts for 2030, segmented by type, form, mode of application, crop type, and geography.
1. By Type:
• Fertilizers
• Synthetic Crop Protection Chemicals
• Biological Crop Protection Chemicals
• Biostimulants
• Plant Growth Regulators
• Soil Conditioners
• Other Types
In 2023, the fertilizers segment is expected to hold the largest market share due to the high demand for fertilizers such as anhydrous ammonia, ammonium nitrate, and urea. Government initiatives and the growing awareness of sustainable agricultural practices also contribute to this segment's dominance.
2. By Form:
• Dry Form
• Liquid Form
The dry form segment is expected to hold the larger market share in 2023. This is attributed to the high adoption of dry form agrochemicals, particularly synthetic fertilizers, due to their long-lasting effects, high efficiency, cost-effectiveness, and easy storage.
3. By Mode of Application:
• Seed Treatment
• Foliar Spray
• Soil Treatment
• Fertigation
• Other Modes of Application
The soil treatment segment is anticipated to account for the largest share in 2023, driven by its benefits such as precise agrochemical placement, reduced wastage, enhanced root development, and cost-effective implementation of biological treatments.
4. By Crop Type:
• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Other Crops
The cereals & grains segment is expected to hold the largest share in 2023 due to the increasing need to boost production, minimize losses from pests and diseases, and the rising use of these crops in animal feed and biofuel production.
5. By Geography:
In 2023, Asia-Pacific is projected to hold the largest market share due to rapid population growth, increasing demand for quality agricultural products, and significant investments in organic farming practices. The region is also expected to experience the fastest growth during the forecast period.
Report Highlights
• Historical market data (2021 and 2022), current estimates (2023), and forecasts up to 2030.
• Analysis of key drivers, restraints, opportunities, and challenges in the agrochemicals market.
• Detailed competitive landscape and strategies of major players.
• Examination of high-growth market segments by type, form, mode of application, crop type, and geography.
• Insights into the major players' market shares and local emerging players in various countries.

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