Aug 27, 2021   SOURCE: BusinessWire

Insights on the Agrochemicals Global Market to 2026 - Key Drivers and Restraints - ResearchAndMarkets.com

The "Global Agrochemicals Market Outlook to 2026" report has been added to ResearchAndMarkets.com's offering.

Agrochemicals have become an essential part of the Agriculture sector in recent years to improve soil fertility, crop productivity, and crop protection from pests, weeds, insects, and others. According to the publisher, the Agrochemicals market is expected to witness significant growth throughout the forecast due to the rising demand for food and the growing burden on the farmland. Among all the significant regions, Asia-Pacific is expected to hold the most dominant position in the agrochemicals market.

Agrochemical production and consumption are highest in Asia due to the continuous growth in the demand for food and the presence of a large population in the region. China is the most populous country in the world with land scarcity due to urbanization and soil degradation pushing for the agrochemicals market. China has actively implemented a series of policy measures to support agriculture and benefit farmers, including agricultural tax relief and exemption, grain subsidies, machinery subsidies, seed subsidies, and increased funding for rural infrastructure, etc. India is the second most populated country and accounts for 17% of the world's population. An increasing population, need for food security, and high emphasis on achieving food grain self-sufficiency is expected to drive the demand for the agrochemicals market for crop protection in the country.

The rapidly growing population worldwide is increasing the burden of higher yield on existing land and its unnecessary expansion, to satisfy the growing demand for food. Intensification leads to high inputs of nutrients in the form of agrochemicals which leads to its higher production and supply. Food safety and self-sufficiency is an important factor for a country's growth and progress, to achieve this target most of the countries heavily rely on agrochemicals. North America is expected to be the most dominant region in the global market due to the availability of extensive agricultural land, technological advancements, high research and development in the field of agrochemical. In Europe, agricultural land plays a vital role in land use patterns across the region. Due to the harsh environment, the European agriculture sector is highly reliant on agrochemicals. In 2019, the Republic of Uzbekistan and Germany announced plans to construct a new chemical complex for the increased production of fertilizers in Samarkand, Uzbekistan. It is anticipated that the output will be used domestically, with the option for the increased exports.

Nitrogen is an essential nutrient for plant growth. Nitrogen fertilizer plays a critical role in ensuring crop yield increase and food security. Yearly, more than 200 million tonnes of fertilizers are applied to crops, helping them grow stronger and better. Nitrogen fertilizers are majorly derived from synthesized ammonia. World fertilizer consumption is growing continuously with the global use of nitrogen fertilizer increasing by around 1.5%. East and South Asia combined use more than 60% of all nitrogen fertilizers. China is the largest consumer and manufacturer of nitrogen fertilizers in the world. From 2000 through 2017 the efficiency of nitrogen fertilizer use in China increased from 27% to 38% with 8% of the total arable land in the world . Nitrogen fertilizers, including ammonium and urea-based fertilizers, account for 70% of total fertilizer use in the European Union (EU). Urea is the most important nitrogenous fertilizers in the market, with the highest nitrogen content of about 46%. The global consumption of urea is approximately 180 million tons a year, of which around 80% is used as fertilizers.

Companies Mentioned

  • Bayer AG
  • China National Chemical Corporation Limited
  • BASF SE
  • Corteva Inc.
  • United Phosphorous Limited
  • FMC Corporation
  • ADAMA Agricultural Solutions Ltd.
  • Nufarm Ltd.
  • Sumitomo Chemical Co.
  • Albaugh LLC

Key Topics Covered:

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

3.1 Introduction

3.2 Market Dynamics

3.2.1 Drivers

3.2.2 Restraints

3.3 Market Trends & Developments

3.4 Market Opportunities

3.5 Feedstock Analysis

3.6 Trade Scenario

3.7 Price Trend Analysis

3.8 Supply Scenario

3.9 Regulatory Policies

4. Industry Analysis

4.1 Supply Chain Analysis

4.2 Porter's Five Forces Analysis

4.2.1 Competition in the Industry

4.2.2 Potential of New Entrants into the Industry

4.2.3 Bargaining Power of Suppliers

4.2.4 Bargaining Power of Consumers

4.2.5 Threat of substitute products

5. Market Segmentation & Forecast

5.1 By Type

5.1.1 Pesticides

5.1.1.1 Insecticides

5.1.1.2 Herbicides

5.1.1.3 Fungicides

5.1.1.4 Others

5.1.2 Fertilizers

5.1.2.1 Nitrogen

5.1.2.2 Phosphorous

5.1.2.3 Potassium

5.1.2.4 Others

5.1.3 Soil Conditioners

5.1.4 Liming and Acidifying Agents

5.1.5 Growth Hormones

6. Regional Market Analysis

7. Key Company Profiles

8. Competitive Landscape

8.1 List of Notable Players in the Market

8.2 M&A, JV, and Agreements

8.3 Market Share Analysis

8.4 Strategies of Key Players

9. Conclusions and Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/podn0x