U.S (New York)– The “Agrochemicals Market” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global Agrochemicals Market, its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
The global agrochemicals market was valued at $241.6 billion in 2018, and is projected to reach $336.4 billion by 2026, growing at a CAGR of 4.2% from 2019 to 2026. The term agrochemicals defines a wide range of specifically engineered chemicals, such as pesticides, insecticides, fungicides, and others that effectively enhance the crop productivity by increasing soil fertility and protecting the crops against pests and weeds. Agrochemicals also includes synthetic fertilizers, hormones and other chemical growth agents, and concentrated stores of raw animal manure. Agrochemicals are further classified into synthetic, semi-synthetic, and bio-agrochemicals. The use of agrochemicals is an increasingly important thing in increasing the yield of agricultural crops.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The major factors that drive the agrochemicals market include the growth in demand for food, soil degradation, and increased adoption of bio-agrochemicals. Rapid increase in population results in rise in demand for food on a global basis, thus boosting the use of agrochemicals to enhance crop productivity. However, the presence of eco-friendly alternatives and increase in environmental concerns could hamper the market growth during the forecast period. In addition, significant growth opportunities are available in the market for the development of new and safe bio-based agrochemicals.
The global agrochemicals market is segmented into type and region. Based on type, the market is bifurcated into fertilizers and pesticides. Fertilizers are further classified into synthetic fertilizers (nitrogenous, phosphatic, potassic, and others) and bio fertilizers. The pesticides segment is further sub-segmented into herbicides, insecticides, fungicides, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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KEY BENEFITS FOR STAKEHOLDERS
– The report includes in-depth analysis of different segments and provides market estimations between 2019 and 2026.
– Porter’s Five Forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
– Key market players are profiled to gain an understanding of the strategies adopted by them.
– This report provides a detailed analysis of the current trends and future estimations from 2019 to 2026, which helps identify the prevailing market opportunities.
KEY MARKET PLAYERS
- – BASF SE
- – Bayer AG
- – Dow, Inc.
- – DuPont de Nemours, Inc.
- – Sumitomo Chemical Company
- – Syngenta AG
- – The Mosaic Company
- – Yara International
- – Nutrien, Ltd.
- – FMC Corporation
The other companies in accordance with agrochemicals are Makhteshim Agan Industries Ltd., CF Industries Holdings Inc., Jordan Abyad Fertilizers & Chemicals Company, and others.
KEY MARKET SEGMENTS
– By Type
- – Fertilizers
- o Synthetic Fertilizers
- i�??§ Nitrogenous
- – Urea
- – Ammonia
- – Calcium Ammonium Nitrate
- – Other Nitrogenous Fertilizers
- i�??§ Phosphatic
- – Di-Ammonium Phosphate (DAP)
- – Mono-Ammonium Phosphate (MAP)
- – Triple Superphosphate (TSP)
- – Other Phosphatic Fertilizers
- i�??§ Potassic
- – Potassium Chloride
- – Potassium Sulfate
- – Potassium Magnesium Sulfate
- – Others
- o Bio fertilizers
- – Pesticides
- o Herbicides
- i�??§ Synthetic Herbicides
- – Glyphosate
- – Atrazine
- – Acetochlor
- – 2,4-D
- – Paraquat
- – Others
- i�??§ Bio-Herbicides
- o Insecticides
- i�??§ Synthetic Insecticides
- – Organophosphates
- – Pyrethroids�??
- – Methyl Carbamates
- – Neonicotinoids
- – Others
- i�??§ Bio-Insecticides
- o Fungicides
- i�??§ Synthetic Fungicides
- – Dithiocarbamates
- – Benzimidazoles
- – Chloronitriles
- – Triazoles
- – Phenylamides
- – Strobilurins
- – Others
- i�??§ Bio-Fungicides
- o Others
- i�??§ Other Synthetic Pesticides
- i�??§ Other Bio Pesticides
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– By Region
- o North America
- i�??§ U.S.
- i�??§ Canada
- i�??§ Mexico
- o Europe
- i�??§ Germany
- i�??§ France
- i�??§ UK
- i�??§ Italy
- i�??§ Spain
- i�??§ Rest of Europe
- o Asia-Pacific
- i�??§ China
- i�??§ Australia
- i�??§ India
- i�??§ Rest of Asia-Pacific
- o LAMEA
- i�??§ Brazil
- i�??§ Argentina
- i�??§ Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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