Asia-Pacific Agrochemicals Market Trends 2024
Asia-Pacific Agrochemicals Market was worth $112.88 billion in 2019 and estimated to be growing at a CAGR of 3.64%, to reach $130.99 billion by 2024.
Agrochemicals Market is deemed to be one of the most essential segments of agro-inputs, owing to the increasing commercial farming of high-value crops to meet the growing diversified food demand.
Agrochemicals are therefore seen as those products, which boost the return on investment and also help in meeting farmers as well as customer demands, from the economical and health standpoint with growing per hectare production of quality agricultural crops.
The growth of the Asia-Pacific Agrochemicals market is majorly driven by factors such as rising population, a wide range of pest control applications of Agrochemicals, and decreasing arable land. However, safer substitutes such as bio-farming and organic pesticides and volatile nature of economies in this region are the major restraining factors for the market in this region. Furthermore, agrochemicals get amassed on the land surface and may even pollute groundwater.
Market Segmentation :
The Asia-Pacific Agrochemicals market is segmented based on Type and Application. The market for Agrochemicals, on the basis of Type, is classified into Fertilizers, Pesticides, Plant Growth Regulators, and Adjuvants. Fertilizers are further segmented into Nitrogenous, Phosphate, and Potassic Based Fertilizers, whereas Pesticides are further segmented into organophosphates, pyrethroids, biopesticides. Plant Growth Regulators are further classified into Auxins and Cytokinins, whereas Adjuvants are further classified into Activator Adjuvants and Utility Adjuvants. Nitrogenous fertilizers lead the agrochemicals market on the basis of type. However, the demand for pesticides is increasing at a high rate, given the growing frequency of numerous pests and diseases. Currently, the Pesticides market is being spearheaded by herbicides products, trailed by fungicides and insecticides. On the basis of Application, the Agrochemicals market is segmented into Crop Based and Non-Crop Based. Crop Based segment is further sub-segmented into Oilseeds, Fruits & Vegetables, Grains & Cereals, whereas Non-Crop Based segment is further sub-segmented into Turf & Ornamental Grass and others. By application, grains & cereals lead the market for Agrochemicals and this trend is anticipated to remain during the forecast period.
The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. The Asia-Pacific region accounts for more than 40% of the global market for the Agrochemicals market, with China and India being the most populous countries in this region contributing to the increasing global share. Presently, China is leading the regional market with its evolving agricultural sector, along with the need for its ever-growing populace. Internationally, China is not only the biggest producer but also the biggest consumer of fertilizers.
Major Key Players :
The market for agrochemicals is extremely consolidated and streamlined owing to the domination of the market by a handful of companies. Some of the major companies dominating this market are Bayer Crop Science., Dow-DuPont, Syngenta AG, BASF SE, Agrium Inc., Monsanto Company, Israel Chemicals Ltd., Yara International ASA, Mosaic Company and Sociedad Química Y Minera S.A.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Type
5.1.1 Fertilizers
5.1.1.1 Nitrogenous
5.1.1.2 Phosphate
5.1.1.3 Potassic Based Fertilizers
5.1.2 Pesticides
5.1.2.1 Organophosphates
5.1.2.2 Prethroids
5.1.2.3 Biopesticides
5.1.2.4 Others
5.1.3 Plant Growth Regulators
5.1.3.1 Auxins
5.1.3.2 Cytokinins
5.1.3.3 Others
5.1.4 Adjuvants
5.1.4.1 Activator Adjuvants
5.1.4.2 Utility Adjuvants
5.2 By Application
5.2.1 Crop Based
5.2.1.1 Oil seeds
5.2.1.2 Fruits & Vegetables
5.2.1.3 Grains & Cereals
5.2.2 Non Crop Based
5.2.2.1 Turf & Ornamental Grass
5.2.2.2 Others
6. Geographical Analysis
6.1 Introduction
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Bayer Cropscience
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Dow-Dupont
8.3 Syngenta AG
8.4 BASF SE
8.5 Monsanto Company
8.6 Israel Chemicals Ltd.
8.7 Yara International ASA
8.8 Agrium Inc.
8.9 The Mosaic Company
8.10 Sociedad Química Y Minera S.A
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
