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Request Now !Agriculture chemicals or agrochemicals are pesticides and fertilizers, which are used in agriculture to control insects and weeds, prevent diseases, and help to support plant growth. Agrochemicals include various materials such as fertilizers, pesticides, herbicides, insecticides, and fungicides. Fertilizers are substances added to agricultural lands to boost the growth of plants and increase crop yield. In addition, agrochemicals are substances that help to manage agricultural ecosystems and micro-organisms in the farming area. They are usually water-insoluble and need a surfactant or solvent to facilitate handling and spraying of the products as well as improve product performance and bio-efficacy.
The rise in demand for agrochemical additive is due to the rise in population, which has increased packed food consumption globally, thereby leading to an increased demand for agricultural products. In addition, there is increase in the use of agricultural chemicals to improve crop production and developments in the agriculture sector. Therefore, the usage of agrochemicals, such as fertilizers and pesticides, has become essential to fulfill the rise in demand for food. Agrochemicals play an important role to improve crop yield & quality, plant growth, and soil moisture. Based on types, agrochemicals are categorized into fertilizers, pesticides, insecticides, and others. All fertilizers are used on a large scale due to their functional qualities to improve the nutritive value of the crops as well as soil, thus increasing the crop yield and production of agro products and fertility.
However, rapid urbanization and industrialization have led to a decline in farmland areas and decrease in cultivation land, owing to the rise of several industries, houses, highways, and many other infrastructural buildings. Therefore, this hampers the market growth of agrochemical additives. Furthermore, strict rules & regulations of government incentives and investment schemes have shifted the focus of farmers from physical agriculture to core technologies, such as sulfonation, alkoxylation, amidation, and oxidation, which are expected to slowly decrease the market growth.
BASF SE has launched three products in India for agriculture and it plans to launch a fungicide for rice to prevent diseases. The company’s latest insecticide, Sefina, protects cotton and vegetable crops from sucking insects. Fungicide has been especially effective on cotton pests, including Whitefly, Jassid, and Aphis. The company’s focus is on organic synthesis, advanced process, and formulation research discovery chemistry for modern agricultural solutions and molecular modeling.
By region, the global agrochemicals additives market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Asia-Pacific accounted for the largest market share for agrochemicals, followed by North America and Europe. China and India have the largest population in the Asia-Pacific region. Rise in food demand in these vastly populous countries increases the demand for agrochemicals to increase the crop yield, thereby boosting the agrochemicals market in these countries. Whereas, the usage of agrochemicals treated as a risk-hedging method and also measured as a safe investment led to increased sales of fertilizers and pesticides in the Asia-Pacific market. The agrochemicals market in Asia-Pacific is projected to grow due to investments from various multinational manufacturers, especially in countries such as China, India, and Japan.
The market growth of agrochemicals additives is driven by increased population demanding more food supply, increasing industrial advancement in the agricultural industry, rising environmental concerns, advancements in plant breeding, and managing expertise across the globe. Therefore, this leads to increased use of agrochemical additives.Â
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Agrochemicals Additives Market: Global Opportunity Analysis and Industry Forecast 2020–2027 Report Highlights
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