Agrochemical Additives Market

Agrochemical Additives Market Analysis and Forecast, by Product Type, Crop Type, Region, Country, 2023-2033

Agrochemical Additives Gain Traction as Key Players Innovate for Sustainable Agriculture

Category: Chemicals & Materials Published Date : Oct-23 ID: CVC0170 Format: PDF Pages: 300


The agrochemical additives market is a burgeoning sector that plays a pivotal role in the global agricultural industry. These additives, ranging from pesticides to fertilizers, are essential for crop protection and soil enrichment. As the world grapples with the challenges of food security and sustainable agriculture, agrochemical additives are increasingly becoming indispensable.

Key Findings: Agrochemical Additives Market Forecast and Trends

  • Market value in 2022 stood at 1986.4 million USD.
  • Projected market value for 2023 is 2075.8 million USD.
  • Long-term market value forecast for 2033 is 3223.6 million USD.
  • The market is growing at a Compound Annual Growth Rate (CAGR) of 4.5%.
  • The largest segment in this market is pesticides.
  • Asia Pacific excluding Japan is the largest market for agrochemical additives globally.

What’s Driving the Demand for Agrochemical Additives Globally?

The agrochemical additives market is experiencing significant growth, driven primarily by the escalating global demand for food. As the world’s population continues to rise, the pressure on agricultural systems intensifies, necessitating the use of agrochemical additives to boost crop yields and protect against pests. These additives are essential in modern farming practices, enabling farmers to meet the growing food requirements efficiently.

Another key growth factor is technological innovation in the field of agrochemicals. Advances in research and development have led to the creation of more effective and environmentally friendly agrochemical products. These innovations are not only enhancing the quality and yield of crops but are also making the market more sustainable. The integration of technology, such as AI and IoT in agriculture, further complements the use of agrochemical additives, making precision agriculture a reality.

Governmental support also plays a crucial role in the expansion of the agrochemical additives market. Various countries offer subsidies and financial incentives to promote the use of these additives. Regulatory frameworks are being adjusted to facilitate easier market entry for innovative products, thereby encouraging more investments in this sector. These policies are instrumental in shaping the market landscape, making it more conducive to growth and innovation.

Key Challenge: Agrochemical Additives Market

Despite the promising growth, the agrochemical additives market faces significant challenges, particularly concerning environmental sustainability. The misuse or overuse of these additives can lead to soil degradation, water pollution, and harm to non-target species. These environmental concerns are leading to stricter regulations, which can act as a restraint on market growth

Future Opportunities in the Agrochemical Additives Market

The agrochemical additives market is ripe with opportunities, especially in the realm of sustainable and organic farming. As consumers become increasingly aware of environmental issues, the demand for eco-friendly agrochemical products is on the rise. This shift is encouraging companies to invest in research and development of bio-based and organic additives. These next-generation products not only meet regulatory standards but also offer a less harmful impact on the environment, opening new avenues for market expansion.

Segment-Wise Analysis

By Product Type

The fertilizers segment is anticipated to remain a key end-use sector in the agrochemical additives market. With a substantial production volume of fertilizers, the sales of additives are expected to rise significantly over the forecast period. Factors such as population growth and increased demand for food and agricultural products are driving the consumption of fertilizers in the agriculture sector. Government subsidies on certain fertilizers further enhance this trend. The segment is expected to account for 64% of the total market share in the coming years, highlighting the growing need for biopesticides.

By Crop Type

Cereals and grains are the most popular crop types for the use of agrochemical additives. Crops like rice often suffer from lower yields and nutrient deficiencies, making the role of agrochemical additives crucial for enhancing production and nutrient content. According to the Food and Agriculture Organization of the United Nations, the production of cereal crops is expected to increase by 60% between 2000 and 2050. This rise in production signifies a high demand for agrochemicals, especially in food production and genetically modified crop sectors.

Region-Wise Analysis

Agrochemical Additives Market in Asia-Pacific

Asia-Pacific dominates the global agrochemical additives market, largely due to the high population in countries like China and India. The rising demand for food in these populous nations necessitates an increase in crop yield, thereby fueling the agrochemicals market. Investments from multinational manufacturers in countries such as China, India, and Japan further propel market growth in the region. The use of agrochemicals is also considered a risk-hedging method, leading to increased sales of fertilizers and pesticides.

Agrochemical Additives Market in North America

North America follows Asia-Pacific in terms of market share in the agrochemical additives sector. The region’s market is driven by advanced agricultural practices and a focus on sustainable farming. The use of agrochemical additives is seen as a way to enhance crop yield while adhering to environmental regulations, making it a key market for future growth.

Agrochemical Additives Market in Europe

Europe holds a significant share in the global agrochemical additives market. The region is characterized by stringent environmental regulations, which influence the types of agrochemical additives that can be used. Despite these regulations, the market is expected to grow due to advancements in plant breeding and management expertise.

Agrochemical Additives Market in Latin America

Latin America is an emerging market in the agrochemical additives sector. The region is rich in agricultural land, making it a prime candidate for the increased use of agrochemicals. As the agricultural sector continues to modernize, the demand for agrochemical additives like fertilizers and pesticides is expected to rise, offering significant growth opportunities for manufacturers and suppliers.

Agrochemical Additives Market in Japan

Japan, although a smaller market compared to other regions, has a highly advanced agricultural sector. The country focuses on technological innovation in agriculture, including the use of agrochemical additives. With limited arable land, the efficient use of agrochemicals is crucial for maximizing crop yields, making Japan a noteworthy market for these products.

Agrochemical Additives Market in the Middle East & Africa

The Middle East and Africa region holds a smaller share in the global agrochemical additives market but offers growth potential. Factors such as climate variability and the need for food security are driving the adoption of advanced agricultural practices, including the use of agrochemical additives. Investments in agricultural technology and infrastructure are expected to boost the market in this region.

Competitive Landscape

The key companies in the agrochemical additives market are Syngenta AG, Bayer Crop Science, Dow Agro Sciences, Adama Ltd, FMC, BASF SE, Sumitomo Chemical Co., Ltd, UPL Limited, Nutrichem Company Limited, Nufarm Ltd, Israel Chemicals Limited (ICL), Saudi Arabia Fertilizer Company (SAFCO), S.A OCPJordan Abyad Fertilizers and Chemicals Company, Yara International ASA, Heringer, PhosAgro, DuSolo Fertilizers, WinHarvest Pty Ltd, OCI N.V., The Mosaic Company, Nutrient Ltd., and K+S KALI GmbH.

In May 2022, Syngenta AG introduced a novel seed treatment technology, VICTRATO®, designed to combat nematodes and fungal diseases. The technology aims to enhance both the quality and yield of crops, while also contributing to the long-term health of the soil.


The agrochemical additives market is a dynamic sector with significant growth potential, driven by factors such as rising global food demand, technological advancements, and supportive government policies. Asia-Pacific leads the market, followed by North America and Europe, due to high population and advanced agricultural practices. Fertilizers and cereals and grains are the leading subsegments by product and application, respectively. Key companies like Syngenta AG, Bayer Crop Science, and Dow Agro Sciences are innovating to meet market demands. However, the market faces challenges such as environmental concerns, requiring a balanced approach for sustainable growth.

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1.1 Global Market Outlook

1.2 Technology Roadmap

1.3 Supply and Demand Side Trends

1.4 Strategic Success Factors

1.5 Analysis and Recommendations

2.1 Market Taxonomy

2.2 Market Definitions

2.3 Inclusions & Limitations

3.1 Supply Side Overview

3.2 Demand Side Overview

3.3 Economic Side Trends

4.1 Macroeconomic Factors

4.2 Forecast Factors

4.3 Porter’s Five Forces

4.4 Value Chain Analysis

4.4.1 List of Raw Material Suppliers

4.4.2 List of Manufacturers

4.4.3 List of Traders and Suppliers

4.4.5 Average Margin Analysis

4.5 Market Dynamics

4.5.1 Drivers

4.5.2 Restraints

4.5.3 Opportunities

4.6 Patent Analysis

4.7 Trade Analysis

4.8 Regulatory Overview

4.9 Covid-19 Impact Assessment

4.9.1 Economy/Cluster Projections

4.9.2 Covid-19 Economic Assessment

4.9.3 Potential Impact on Target Market

4.9.4 Recovery Scenario

5.1 Historical Value ($ Mn) and Future Market Value ($ Mn) Forecast Analysis

5.2 Demand Y-o-Y Growth Rate Analysis

5.3 Total $ Opportunity Analysis

5.4 Historical Volume (Tons) and Future Market Volume (Tons) Forecast Analysis

6.1 Regional Pricing Analysis By Type

6.2 Regional Price Forecast Future

6.3 Price Impact Factors

6.4 Company-wise Profit Margin Analysis

7.1 Introduction

7.2 Market Trends / Key Findings

7.3 Historical Market Analysis and Market Forecast Analysis

7.3.1 Cereals & Grains

7.3.2 Fruits & Vegetables

7.3.3 Oilseeds & Pulses

7.3.4 Plantation Crops & Hydroponics

7.4 Y-o-Y Growth Trend Analysis By Crop Type, 2023-2033

7.5 Total $ Opportunity Analysis By Crop Type, 2023-2033

7.6 Market Attractiveness Analysis

8.1 Introduction

8.2 Market Trends / Key Findings

8.3 Historical Market Analysis and Market Forecast Analysis

8.3.1 Fertilizer

8.3.2 Pesticide

8.3.3 Soil Conditioners

8.3.4 Liming & Acidifying Agent

8.3.5 Plant Growth Regulators

8.4 Y-o-Y Growth Trend Analysis By Product Type, 2023-2033

8.5 Total $ Opportunity Analysis By Product Type, 2023-2033

8.6 Market Attractiveness Analysis

9.1 Introduction

9.2 Market Trends / Key Findings

9.3 Historical Market Analysis and Market Forecast Analysis

9.3.1 Crop Protection

9.3.2 Soil Health

9.3.3 Solvents

9.3.4 Preservatives

9.3.5 Seed Treatment

9.3.6 Others

9.4 Y-o-Y Growth Trend Analysis By Application, 2023-2033

9.5 Total $ Opportunity Analysis By Application, 2023-2033

9.6 Market Attractiveness Analysis


10.2Market Trends / Key Findings

10.3Historical Market Analysis and Market Forecast Analysis

10.3.1 North America

10.3.2 Latin America

10.3.3 Europe

10.3.4 East Asia

10.3.5 South Asia & Pacific

10.3.6 Middle East & Africa (MEA)

10.4Y-o-Y Growth Trend Analysis By Region, 2023-2033

10.5Total $ Opportunity Analysis By Region, 2023-2033

10.6Market Attractiveness Analysis

11.1 Introduction

11.2 Market Trends/Key Findings

11.3 North America Pricing Analysis

11.4 Historical Market Analysis and Market Forecast Analysis

11.4.1 By Country The U.S. Canada

11.4.2 By Product Type

11.4.3 By Crop Type

11.4.4 By Application

11.5 Market Attractiveness Analysis

11.5.1 By Country

11.5.2 By Product Type

11.5.3 By Crop Type

11.5.4 By Application

11.6 Market Participants Presence Mapping

12.1 Introduction

12.2 Market Trends/Key Findings

12.3 Latin America Pricing Analysis

12.4 Historical Market Analysis and Market Forecast Analysis

12.4.1By Country Brazil Mexico Rest of Latin America

12.4.2 By Product Type

12.4.3 By Crop Type

12.4.4 By Application

12.5 Market Attractiveness Analysis

12.5.1 By Country

12.5.2 By Product Type

12.5.3 By Crop Type

12.5.4 By Application

12.6 Market Participants Presence Mapping

13.1 Introduction

13.2 Market Trends/Key Findings

13.3 Europe Pricing Analysis

13.4 Historical Market Analysis and Market Forecast Analysis

13.4.1 By Country Germany U.K. France Italy Spain Poland Russia Rest of Europe

13.4.2 By Product Type

13.4.3 By Crop Type

13.4.4 By Application

13.5 Market Attractiveness Analysis

13.5.1 By Country

13.5.2 By Product Type

13.5.3 By Crop Type

13.5.4 By Application

13.6 Market Participants Presence Mapping

14.1 Introduction

14.2 Market Trends/Key Findings

14.3 East Asia Pricing Analysis

14.4 Historical Market Analysis and Market Forecast Analysis

14.4.1 By Country China Japan South Korea

14.4.2 By Product Type

14.4.3 By Crop Type

14.4.4 By Application

14.5Market Attractiveness Analysis

14.5.1 By Country

14.5.2 By Product Type

14.5.3 By Crop Type

14.5.4 By Application

14.6 Market Participants Presence Mapping

14 South Asia & Pacific Agrochemical Additives Historical Analysis 2018-2022 and Forecast 2023-2033

15.1 Introduction

15.2 Market Trends/Key Findings

15.3 South Asia & Pacific Pricing Analysis

15.4 Historical Market Analysis and Market Forecast Analysis

15.4.1 By Country India ASEAN ANZ

15.4.2 By Product Type

15.4.3 By Crop Type

15.4.4 By Application

15.5 Market Attractiveness Analysis

15.5.1 By Country

15.5.2 By Product Type

15.5.3 By Crop Type

15.5.4 By Application

15.6 Market Participants Presence Mapping

16.1 Introduction

16.2 Market Trends/Key Findings

16.3 Middle East & Africa Pricing Analysis

16.4 Historical Market Analysis and Market Forecast Analysis

16.4.1 By Country GCC Countries Turkey South Africa Israel Rest of MEA

16.4.2 By Product Type

16.4.3 By Crop Type

16.4.4 By Application

16.5 Market Attractiveness Analysis

16.5.1 By Country

16.5.2 By Product Type

16.5.3 By Crop Type

16.5.4 By Application

16.6 Market Participants Presence Mapping

17.1Market Concentration Analysis

17.2Market Share Analysis

17.3 Start-up Ecosystem

17.3.1 New Player Entry

17.3.2 Strategies Adopted by New Players

17.4 Company Footprint Analysis

17.5 Competitive Dashboard

18.1 Heringer

18.2 Yara International ASA

18.3 Saudi Arabia Fertilizer Company (SAFCO)

18.4 Israel Chemicals Limited (ICL)

18.5 Nufarm Limited

18.6 Nutrichem Company Limited

18.7 UPL Limited

18.8 BASF SE

18.9 FMC

18.10 Adama Ltd

18.11 Bayer Crop Science

18.12 Dow Agro Science

18.13 PhosAgro

18.14 DuoSolo Fertilizer

18.15 WinHarvest Pty Ltd

18.16 Oci N.V.

18.17 The Mosaic Company

18.18 Nutrient Ltd

18.19 K + S KALI GmbH

18.20 S.A OCP Jordan Abyad Fertilizers and Chemicals Company

18.21 Syngenta AG

18.22 Sumitomo Chemical Co., Ltd

19 Abbreviations and Acronyms Used

20 Research Methodology