DUBLIN--(BUSINESS WIRE )--The "Global Agrochemicals Market (Fertilizers, Herbicides, Fungicides & Insecticides): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)" report has been added to ResearchAndMarkets.com's offering.
The global agrochemicals market is expected to reach US$305.71 billion in 2025, progressing at a CAGR of 3.98%, over the period 2021-2025. Growth in the agrochemicals market has accrued due to rising demand for food supplies across the globe, expanding railway network, the growing deficit in arable lands, escalating animal husbandry sector and surging sales of mineral fertilizers. The market is anticipated to experience certain trends like increasing number of agrochemicals going off patent, accelerating adoption of biopesticides, favorable government policies and rising adoption of precision farming. The growth of the market would be challenged by the rapid growth of the organic food industry, safety issues with the use of agrochemicals and the high development cost of agrochemicals.
The global agrochemicals market has been segmented on the basis of product and application. According to product, the market can be bifurcated into fertilizers, pesticides and others which include plant growth regulators, liming and acidifying agents, adjuvants, etc. Whereas, in terms of application, the global agrochemicals market can be split into cereals & grains, fruits & vegetables, oilseeds & pulses and others which include non-crop based applications.
The fastest growing regional market is the Asia Pacific due to the surge in awareness among end-users regarding the benefits of agrochemicals, rising population base along with increasing demand for food, limited agricultural land, issues such as soil erosion and degradation and growing consumer demand for sustainable production of food. Further, the outbreak of the COVID-19 pandemic negatively impacted the market growth in 2020, due to weakened global demand conditions and halted manufacturing activities across the region.
3.1 Global Agrochemicals Market by Value
3.2 Global Agrochemicals Market Forecast by Value
3.3 Global Agrochemicals Market by Product
3.4 Global Agrochemicals Market by Application
3.5 Global Agrochemicals Market by Region
4.1.1 Asia Pacific Agrochemicals Market by Value
4.1.2 Asia Pacific Agrochemicals Market Forecast by Value
4.2.1 Europe Agrochemicals Market by Value
4.2.2 Europe Agrochemicals Market Forecast by Value
4.3.1 North America Agrochemicals Market by Value
4.3.2 North America Agrochemicals Market Forecast by Value
4.3.3 The U.S. Agrochemicals Market by Value
4.3.4 The U.S. Agrochemicals Market Forecast by Value
4.3.5 The U.S. Agrochemicals Market by Product
4.3.6 The U.S. Agrochemicals Product Market by Value
4.3.7 The U.S. Agrochemicals Product Market Forecast by Value
4.4.1 RoW Agrochemicals Market by Value
4.4.2 RoW Agrochemicals Market Forecast by Value
5.1.1 Rising Demand of Food Supplies Across the Globe
5.1.3 Growing Deficit in Arable Lands
5.1.5 Surging Sales of Mineral Fertilizers
5.2.1 Increasing Number of Agrochemicals Going Off-Patent
5.2.3 Rising Adoption of Precision Farming
5.3.1 Rapid Growth of Organic Food Industry
5.3.2 Safety Issues with the Use of Agrochemicals
5.3.3 High Development Cost of Agrochemicals
6.1.1 Revenue Comparison of Key Players
6.1.2 Market Capitalization Comparison of Key Players
6.1.3 R&D Comparison of Key Players
6.1.4 Global Agrochemicals Market Share by Key Players
6.1.5 Global Herbicide Market Share by Key Players
6.1.6 Global Fungicide Market Share by Key Players
6.1.7 Global Insecticide Market Share by Key Players
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900