Global Agrochemicals Market, 2019-2026

2020
JANUARY
AGROCHEMICALS MARKET
Global Opportunity Analysis and Industry Forecast, 2019-2026
AUTHOR(S):
Saurabh Dixit &
Eswara Prasad
PAGES:
352
REPORT CODE:
A00430
INDUSTRY:
Materials & Chemicals
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Global Opportunity
Analysis and Industry
Forecast, 2019-2026
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Forecast, 2019-2026
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TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION....................................................................................... 43
1.1. Report description .................................................................................................... 43
1.2. Key benefits for stakeholders .................................................................................. 44
1.3. Key market segments ............................................................................................... 45
1.4. Research methodology ............................................................................................ 50
1.4.1. Primary research ..................................................................................................................... 52
1.4.2. Secondary research................................................................................................................ 53
1.4.3. Analyst tools and models .................................................................................................... 53
CHAPTER 2: EXECUTIVE SUMMARY ............................................................................ 54

2.1. Key findings............................................................................................................... 56
2.1.1. Top investment pockets ...................................................................................................... 57
Agrochemicals 2.2. CXO perspective ........................................................................................................ 59
Market CHAPTER 3: MARKET OVERVIEW ................................................................................ 60

Global Opportunity 3.1. Market definition and scope ................................................................................... 60
Forecast, 2019-2026 3.2. Key forces shaping agrochemicals market ............................................................. 62
3.3. Value chain analysis .................................................................................................. 67
5
3.4. Patent analysis .......................................................................................................... 68
3.4.1. By region (2012-2018) .......................................................................................................... 68
3.5. Impact of government regulations on global agrochemicals market ................. 69

3.5.1. Global fertilizer regulations ................................................................................................ 69
3.5.1.1. North America......................................................................................................................69

3.5.1.1.1. U.S. EPA ............................................................................................................69
3.5.1.1.2. AAPFCO (Associations of American Plant Food Control

Officials) ...........................................................................................................70
3.5.1.1.3. State Regulations for fertilizers:.............................................................71
3.5.1.2. Europe .....................................................................................................................................72

3.5.1.3. Asia-Pacific ............................................................................................................................73
3.5.1.3.1. Regulatory Framework in India ..............................................................73
3.5.1.3.2. Fertilizer Control Order (FCO) ................................................................73
3.5.1.3.3. Food and Fertilizer Technology Center (FFTC)

Agrochemicals Management .................................................................................................74
Market
3.5.2. Global Pesticides Regulations ........................................................................................... 75
Global Opportunity
3.5.2.1. U.S. ............................................................................................................................................75
Forecast, 2019-2026 3.5.2.1.1. Environment Protection Agency (EPA) ...............................................75
3.5.2.1.2. Federal Insecticide, Fungicide, and Rodenticide Act ....................75
6
3.5.2.1.3. Food Quality Protection Act of 1996 ...................................................76
3.5.2.2. International..........................................................................................................................76
3.6. Market dynamics ...................................................................................................... 77

3.6.1. Drivers ......................................................................................................................................... 78
3.6.1.1. Increasing population base along with rising demand for food ...................78
3.6.1.2. Soil erosion/degradation ................................................................................................78
3.6.1.3. Growing awareness among end-users regarding the benefits of
agrochemicals ......................................................................................................................79
3.6.1.4. Limited agricultural land..................................................................................................80
3.6.1.5. Conservation of genetic material of endangered plant species ....................81
3.6.2. Restraints ................................................................................................................................... 82

3.6.2.1. Environmental and health concerns related to the use of
agrochemicals ......................................................................................................................82
3.6.2.2. Lack of education and awareness among farmers...............................................82
3.6.2.3. Lack of an efficient distribution system ....................................................................83
Agrochemicals
Market 3.6.2.4. High losses in the post-harvest of crops ..................................................................84
3.6.3. Opportunities ........................................................................................................................... 85

Global Opportunity
Analysis and Industry 3.6.3.1. Continuous development and production of novel ecofriendly
Forecast, 2019-2026
agrochemicals ......................................................................................................................85
7
3.6.3.2. Rising disposable income and increased spending on improving
the quality of crops ............................................................................................................85
CHAPTER 4: AGROCHEMICALS MARKET, BY TYPE ................................................... 86

4.1. Overview .................................................................................................................... 86
4.2. Fertilizers ................................................................................................................... 88
4.2.1. Market size and forecast, by fertilizers type ................................................................ 88
4.2.2. Market size and forecast, by region ............................................................................... 90
4.2.3. Synthetic Fertilizers ................................................................................................................ 92
4.2.3.1. Market size and forecast, by synthetic fertilizers type ........................................92

4.2.3.2. Market size and forecast, by region ...........................................................................94
4.2.4. Nitrogenous .............................................................................................................................. 96
4.2.4.1. Market size and forecast, by nitrogenous fertilizers type .................................97

4.2.4.2. Market size and forecast, by region ...........................................................................99
4.2.4.3. Urea ....................................................................................................................................... 101
Agrochemicals
4.2.4.4. Ammonia ............................................................................................................................. 101
Market
4.2.4.5. Calcium Ammonium Nitrate ....................................................................................... 102
Global Opportunity
Analysis and Industry 4.2.4.6. Others ................................................................................................................................... 102
Forecast, 2019-2026 4.2.5. Phosphatic ............................................................................................................................... 102
8
4.2.5.1. Market size and forecast, by phosphatic fertilizers type ................................ 103
4.2.5.2. Market size and forecast, by region ........................................................................ 105
4.2.5.3. Di-Ammonium Phosphate (DAP) .............................................................................. 106
4.2.5.4. Mono-Ammonium Phosphate (MAP) ..................................................................... 107
4.2.5.5. Triple Superphosphate (TSP) ...................................................................................... 107
4.2.5.6. Others ................................................................................................................................... 108
4.2.6. Potassic ..................................................................................................................................... 108
4.2.6.1. Market size and forecast, by potassic fertilizers type ...................................... 109
4.2.6.3. Potassium Chloride ......................................................................................................... 112
4.2.6.4. Potassium Sulphate ........................................................................................................ 113
4.2.6.5. Potassium magnesium sulfate ................................................................................... 113
4.2.6.6. Others ................................................................................................................................... 113
4.2.7. Biofertilizers ............................................................................................................................ 114
Agrochemicals 4.3. Pesticides ................................................................................................................. 115

Market 4.3.1. Market size and forecast, by pesticides type ............................................................ 115
Global Opportunity 4.3.2. Market size and forecast, by region ............................................................................. 117
Forecast, 2019-2026 4.3.3. Synthetic pesticides ............................................................................................................. 119
4.3.3.1. Market size and forecast, by synthetic pesticides type ................................... 119
9
4.3.4. Biopesticides........................................................................................................................... 122
4.3.4.1. Market size and forecast, by Biopesticides type ................................................ 122

4.3.5. Herbicides ................................................................................................................................ 125
4.3.5.1. Market size and forecast, by herbicides type ...................................................... 126

4.3.5.3. Synthetic Herbicides....................................................................................................... 129
4.3.5.3.1. Market size and forecast, by synthetic herbicides type ........... 129
4.3.5.3.2. Market size and forecast, by region ................................................. 131
4.3.5.3.3. Glyphosate ................................................................................................... 132
4.3.5.3.5. Atrazine ......................................................................................................... 134

Agrochemicals 4.3.5.3.7. Acetochlor .................................................................................................... 135
Market
Global Opportunity
Analysis and Industry 4.3.5.3.9. 2,4-D ............................................................................................................... 137
Forecast, 2019-2026
10
4.3.5.3.11. Paraquat........................................................................................................ 139
4.3.5.3.13. Others ............................................................................................................ 141
4.3.6. Bioherbicides .......................................................................................................................... 144
4.3.7. Insecticides .............................................................................................................................. 145
4.3.7.1. Market size and forecast, by insecticides type.................................................... 146

4.3.8. Synthetic Insecticides .......................................................................................................... 148
4.3.8.1. Market size and forecast, by synthetic insecticides type ................................ 149
4.3.8.2.1. Organophosphates .................................................................................. 152

Agrochemicals
4.3.8.2.3. Pyrethroids .................................................................................................. 154
Market
Global Opportunity
Analysis and Industry 4.3.8.2.5. Methyl carbamate..................................................................................... 156
Forecast, 2019-2026
11
4.3.8.2.7. Neonicotinoids........................................................................................... 158
4.3.8.2.9. Others ............................................................................................................ 160
4.3.9. Bioinsecticides ....................................................................................................................... 163
4.3.10. Fungicides................................................................................................................................ 165
4.3.10.1. Market size and forecast, by fertilizers type ........................................................ 165

4.3.11. Synthetic fungicides ............................................................................................................ 169
4.3.11.1. Market size and forecast, by synthetic fungicides type .................................. 169
4.3.11.2.1. Dithiocarbamates...................................................................................... 172

Agrochemicals
4.3.11.2.3. Benzimidazoles .......................................................................................... 174
Market
Global Opportunity
Analysis and Industry 4.3.11.2.5. Chloronitriles .............................................................................................. 176
Forecast, 2019-2026
12
4.3.11.2.7. Triazoles ........................................................................................................ 178
4.3.11.2.9. Phenylamides ............................................................................................. 180
4.3.11.2.10. Market size and forecast, by region ....................... 181
4.3.11.2.11. Strobilurins ........................................................................ 182
4.3.11.2.12. Market size and forecast, by region ....................... 183
4.3.11.2.13. Others .................................................................................. 184
4.3.12. Biofungicides .......................................................................................................................... 185
4.3.13. Others ........................................................................................................................................ 186
4.3.13.1. Market size and forecast, by fertilizers type ........................................................ 187

CHAPTER 5: AGROCHEMICALS MARKET, BY REGION ............................................ 190

5.1. Overview .................................................................................................................. 190
Agrochemicals
Market 5.2. North America......................................................................................................... 191
Global Opportunity 5.2.1. Market size and forecast, by Type ................................................................................. 192
Forecast, 2019-2026
5.2.2. Market size and forecast, by fertilizer type ................................................................ 193
5.2.3. Market size and forecast, by synthetic fertilizer type ............................................ 194
13
5.2.4. Market size and forecast, by nitrogenous fertilizer type ...................................... 195
5.2.5. Market size and forecast, by phosphatic fertilizer type ........................................ 197
5.2.6. Market size and forecast, by potassic fertilizer type .............................................. 199
5.2.7. Market size and forecast, by pesticide type .............................................................. 201
5.2.8. Market size and forecast, by synthetic pesticides type ........................................ 202
5.2.9. Market size and forecast, by Biopesticide type........................................................ 204
5.2.10. Market size and forecast, by Herbicides type ........................................................... 206
5.2.11. Market size and forecast, by synthetic herbicides type ........................................ 207
5.2.12. Market size and forecast, by Insecticides type ......................................................... 209
5.2.13. Market size and forecast, by Synthetic Insecticides type ..................................... 210
5.2.14. Market size and forecast, by Fungicides type........................................................... 212
5.2.15. Market size and forecast, by Synthetic Fungicides type ...................................... 213
5.3. Europe ...................................................................................................................... 215

Agrochemicals
5.3.1. Market size and forecast, by Type ................................................................................. 216
Market
Global Opportunity
Analysis and Industry 5.3.3. Market size and forecast, by synthetic fertilizer type ............................................ 218
Forecast, 2019-2026
14
5.4. Asia-Pacific .............................................................................................................. 239

Agrochemicals
Market
Global Opportunity
Analysis and Industry 5.4.4. Market size and forecast, by nitrogenous fertilizer type...................................... 245
Forecast, 2019-2026
15
5.5. LAMEA ..................................................................................................................... 265


Agrochemicals
Market
Global Opportunity
Analysis and Industry 5.5.5. Market size and forecast, by phosphatic fertilizer type ........................................ 271
Forecast, 2019-2026
16
CHAPTER 6: COMPETITIVE LANDSCAPE .................................................................. 289

6.1. Introduction ............................................................................................................ 289
6.1.1. Market player positioning, 2018 .................................................................................... 290
6.2. Top winning strategies ........................................................................................... 291

Agrochemicals
6.2.1. Top winning strategies, by year...................................................................................... 292
Market
6.2.2. Top winning strategies, by development ................................................................... 293
Global Opportunity
Analysis and Industry 6.2.3. Top winning strategies, by company ........................................................................... 294
Forecast, 2019-2026
6.3. Competitive heatmap ............................................................................................. 295
17
6.4. Key developments .................................................................................................. 296
6.4.1. New product launches ....................................................................................................... 296
6.4.2. Expansions ............................................................................................................................... 297
6.4.3. Acquisition............................................................................................................................... 297
6.4.4. Agreements............................................................................................................................. 298
CHAPTER 7: COMPANY PROFILES:............................................................................ 299

7.1. BASF SE .................................................................................................................... 299
7.1.1. Company overview .............................................................................................................. 299
7.1.2. Company snapshot .............................................................................................................. 300
7.1.3. Operating business segments ......................................................................................... 300
7.1.4. Product portfolio .................................................................................................................. 301
7.1.5. Business performance......................................................................................................... 302
7.1.6. Key strategic moves and developments ..................................................................... 304

Agrochemicals
7.2. BAYER AG ................................................................................................................ 305
Market
Global Opportunity
Analysis and Industry 7.2.2. Company snapshot .............................................................................................................. 306
Forecast, 2019-2026
18
7.3. DOW, INC. ............................................................................................................... 311

7.4. DUPONT................................................................................................................... 316


Agrochemicals 7.4.4. Product portfolio .................................................................................................................. 318
Market
Global Opportunity
Analysis and Industry 7.5. FMC CORPORATION ............................................................................................... 321
Forecast, 2019-2026
19
7.6. NUTRIEN, LTD. ........................................................................................................ 326

7.7. SUMITOMO CHEMICAL COMPANY....................................................................... 332

Agrochemicals 7.7.2. Company snapshot .............................................................................................................. 332
Market
Global Opportunity
Analysis and Industry 7.7.4. Product portfolio .................................................................................................................. 334
Forecast, 2019-2026
20
7.8. SYNGENTA AG ........................................................................................................ 337

7.9. THE MOSAIC COMPANY ........................................................................................ 342


Agrochemicals 7.10. YARA INTERNATIONAL .......................................................................................... 347
Market
Global Opportunity
Analysis and Industry 7.10.2. Company snapshot .............................................................................................................. 348
Forecast, 2019-2026
21
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
22
LIST OF TABLES
TABLE 01. GLOBAL AGROCHEMICALS MARKET, BY TYPE, 2018-2026 ($MILLION) ................................................................87
TABLE 02. GLOBAL AGROCHEMICALS MARKET, BY TYPE, 2018-2026 (KILOTONS) ................................................................87
TABLE 03. AGROCHEMICALS MARKET FOR FERTILIZERS, BY TYPE 2018–2026 ($MILLION) ...............................................89
TABLE 04. GLOBAL AGROCHEMICALS MARKET FOR FERTILIZERS, BY TYPE, 2018-2026 (KILOTONS) ...............................89
TABLE 05. AGROCHEMICALS MARKET FOR FERTILIZERS, BY REGION 2018–2026 ($MILLION) ..........................................90
TABLE 06. GLOBAL AGROCHEMICALS MARKET FOR FERTILIZERS, BY REGION, 2018-2026 (KILOTONS) ..........................91
TABLE 07. AGROCHEMICALS MARKET FOR SYNTHETIC FERTILIZERS, BY TYPE 2018–2026 ($MILLION) ..........................92
TABLE 08. GLOBAL AGROCHEMICALS MARKET FOR SYNTHETIC FERTILIZERS, BY TYPE, 2018-2026 (KILOTONS) ..........93
TABLE 09. AGROCHEMICALS MARKET FOR SYNTHETIC FERTILIZERS, BY REGION 2018–2026 ($MILLION) .....................94
TABLE 10. GLOBAL AGROCHEMICALS MARKET FOR SYNTHETIC FERTILIZERS, BY REGION, 2018-2026
(KILOTONS) ........................................................................................................................................................................95
TABLE 11. AGROCHEMICALS MARKET FOR NITROGENOUS FERTILIZERS, BY TYPE 2018–2026 ($MILLION) ....................97
TABLE 12. GLOBAL AGROCHEMICALS MARKET FOR NITROGENOUS FERTILIZERS, BY TYPE, 2018-2026
(KILOTONS) ........................................................................................................................................................................98
Agrochemicals TABLE 13. AGROCHEMICALS MARKET FOR NITROGENOUS FERTILIZERS, BY REGION 2018–2026 ($MILLION) ...............99
Market TABLE 14. GLOBAL AGROCHEMICALS MARKET FOR NITROGENOUS FERTILIZERS, BY REGION, 2018-2026
(KILOTONS) ..................................................................................................................................................................... 100
Global Opportunity
Analysis and Industry TABLE 15. AGROCHEMICALS MARKET FOR PHOSPHATIC FERTILIZERS, BY TYPE 2018–2026 ($MILLION) .................... 103
Forecast, 2019-2026 TABLE 16. GLOBAL AGROCHEMICALS MARKET FOR PHOSPHATIC FERTILIZERS, BY TYPE, 2018-2026
(KILOTONS) ..................................................................................................................................................................... 104
23
TABLE 17. AGROCHEMICALS MARKET FOR PHOSPHATIC FERTILIZERS, BY REGION 2018–2026 ($MILLION)............... 105
TABLE 18. GLOBAL AGROCHEMICALS MARKET FOR PHOSPHATIC FERTILIZERS, BY REGION, 2018-2026
(KILOTONS) ..................................................................................................................................................................... 106
TABLE 19. AGROCHEMICALS MARKET FOR POTASSIC FERTILIZERS, BY TYPE 2018–2026 ($MILLION) ......................... 109
TABLE 20. GLOBAL AGROCHEMICALS MARKET FOR POTASSIC FERTILIZERS, BY TYPE, 2018-2026 (KILOTONS) ......... 110
TABLE 21. AGROCHEMICALS MARKET FOR POTASSIC FERTILIZERS, BY REGION 2018–2026 ($MILLION) .................... 111
TABLE 22. GLOBAL AGROCHEMICALS MARKET FOR POTASSIC FERTILIZERS, BY REGION, 2018-2026
(KILOTONS) ..................................................................................................................................................................... 112
TABLE 23. AGROCHEMICALS MARKET FOR PESTICIDES, BY TYPE 2018–2026 ($MILLION) .............................................. 115
TABLE 24. GLOBAL AGROCHEMICALS MARKET FOR PESTICIDES, BY TYPE, 2018-2026 (KILOTONS) .............................. 116
TABLE 25. AGROCHEMICALS MARKET FOR PESTICIDES, BY REGION 2018–2026 ($MILLION) ......................................... 117
TABLE 26. GLOBAL AGROCHEMICALS MARKET FOR PESTICIDES, BY REGION, 2018-2026 (KILOTONS) ......................... 118
TABLE 27. AGROCHEMICALS MARKET FOR SYNTHETIC PESTICIDES, BY TYPE 2018–2026 ($MILLION) ......................... 119
TABLE 28. GLOBAL AGROCHEMICALS MARKET FOR SYNTHETIC PESTICIDES, BY TYPE, 2018-2026 (KILOTONS) ......... 120
TABLE 29. AGROCHEMICALS MARKET FOR SYNTHETIC PESTICIDES, BY REGION 2018–2026 ($MILLION) .................... 121
TABLE 30. GLOBAL AGROCHEMICALS MARKET FOR SYNTHETIC PESTICIDES, BY REGION, 2018-2026
Agrochemicals (KILOTONS) ..................................................................................................................................................................... 121
Market TABLE 31. AGROCHEMICALS MARKET FOR BIOPESTICIDES, BY TYPE 2018–2026 ($MILLION)........................................ 122
TABLE 32. GLOBAL AGROCHEMICALS MARKET FOR BIOPESTICIDES, BY TYPE, 2018-2026 (KILOTONS) ........................ 123
Global Opportunity
Analysis and Industry TABLE 33. AGROCHEMICALS MARKET FOR BIOPESTICIDES, BY REGION 2018–2026 ($MILLION) .................................. 124
Forecast, 2019-2026
TABLE 34. GLOBAL AGROCHEMICALS MARKET FOR BIOPESTICIDES, BY REGION, 2018-2026 (KILOTONS) ................... 124
TABLE 35. AGROCHEMICALS MARKET FOR HERBICIDES, BY TYPE 2018–2026 ($MILLION) ............................................. 126
24
TABLE 36. GLOBAL AGROCHEMICALS MARKET FOR HERBICIDES, BY TYPE, 2018-2026 (KILOTONS) ............................. 126
TABLE 37. AGROCHEMICALS MARKET FOR HERBICIDES, BY REGION 2018–2026 ($MILLION) ........................................ 127
TABLE 38. GLOBAL AGROCHEMICALS MARKET FOR HERBICIDES, BY REGION, 2018-2026 (KILOTONS) ........................ 128
TABLE 39. AGROCHEMICALS MARKET FOR SYNTHETIC HERBICIDES, BY TYPE 2018–2026 ($MILLION) ........................ 129
TABLE 40. GLOBAL AGROCHEMICALS MARKET FOR SYNTHETIC HERBICIDES, BY TYPE, 2018-2026 (KILOTONS) ........ 130
TABLE 41. AGROCHEMICALS MARKET FOR SYNTHETIC HERBICIDES, BY REGION 2018–2026 ($MILLION) ................... 131
TABLE 42. GLOBAL AGROCHEMICALS MARKET FOR SYNTHETIC HERBICIDES, BY REGION, 2018-2026
(KILOTONS) ..................................................................................................................................................................... 132
TABLE 43. AGROCHEMICALS MARKET FOR GLYPHOSATE, BY REGION 2018–2026 ($MILLION) ...................................... 133
TABLE 44. GLOBAL AGROCHEMICALS MARKET FOR GLYPHOSATE, BY REGION, 2018-2026 (KILOTONS) ...................... 133
TABLE 45. AGROCHEMICALS MARKET FOR ATRAZINE, BY REGION 2018–2026 ($MILLION) ............................................ 134
TABLE 46. GLOBAL AGROCHEMICALS MARKET FOR ATRAZINE, BY REGION, 2018-2026 (KILOTONS) ............................ 135
TABLE 47. AGROCHEMICALS MARKET FOR ACETOCHLOR, BY REGION 2018–2026 ($MILLION)...................................... 136
TABLE 48. GLOBAL AGROCHEMICALS MARKET FOR ACETOCHLOR, BY REGION, 2018-2026 (KILOTONS) ...................... 137
TABLE 49. AGROCHEMICALS MARKET FOR 2,4-D, BY REGION 2018–2026 ($MILLION) .................................................... 138
TABLE 50. GLOBAL AGROCHEMICALS MARKET FOR 2,4-D, BY REGION, 2018-2026 (KILOTONS) .................................... 139
Agrochemicals
TABLE 51. AGROCHEMICALS MARKET FOR PARAQUAT, BY REGION 2018–2026 ($MILLION) .......................................... 140
Market
TABLE 52. GLOBAL AGROCHEMICALS MARKET FOR PARAQUAT, BY REGION, 2018-2026 (KILOTONS) .......................... 141
Global Opportunity TABLE 53. AGROCHEMICALS MARKET FOR OTHER SYNTHETIC HERBICIDES, BY REGION 2018–2026
($MILLION)...................................................................................................................................................................... 142
Forecast, 2019-2026
TABLE 54. GLOBAL AGROCHEMICALS MARKET FOR OTHER SYNTHETIC HERBICIDES, BY REGION, 2018-2026
(KILOTONS) ..................................................................................................................................................................... 143
25
TABLE 55. AGROCHEMICALS MARKET FOR BIOHERBICIDES, BY REGION 2018–2026 ($MILLION) ................................. 144
TABLE 56. GLOBAL AGROCHEMICALS MARKET FOR BIOHERBICIDES, BY REGION, 2018-2026 (KILOTONS).................. 145
TABLE 57. AGROCHEMICALS MARKET FOR INSECTICIDES, BY TYPE 2018–2026 ($MILLION) .......................................... 146
TABLE 58. GLOBAL AGROCHEMICALS MARKET FOR INSECTICIDES, BY TYPE, 2018-2026 (KILOTONS) .......................... 146
TABLE 59. AGROCHEMICALS MARKET FOR INSECTICIDES, BY REGION 2018–2026 ($MILLION) ..................................... 147
TABLE 60. GLOBAL AGROCHEMICALS MARKET FOR INSECTICIDES, BY REGION, 2018-2026 (KILOTONS) ..................... 148
TABLE 61. AGROCHEMICALS MARKET FOR SYNTHETIC INSECTICIDES, BY TYPE 2018–2026 ($MILLION) ..................... 149
TABLE 62. GLOBAL AGROCHEMICALS MARKET FOR SYNTHETIC INSECTICIDES, BY TYPE, 2018-2026
(KILOTONS) ..................................................................................................................................................................... 150
TABLE 63. AGROCHEMICALS MARKET FOR SYNTHETIC INSECTICIDES, BY REGION 2018–2026 ($MILLION) ................ 151
TABLE 64. GLOBAL AGROCHEMICALS MARKET FOR SYNTHETIC INSECTICIDES, BY REGION, 2018-2026
(KILOTONS) ..................................................................................................................................................................... 152
TABLE 65. AGROCHEMICALS MARKET FOR FERTILIZERS, BY REGION 2018–2026 ($MILLION) ....................................... 153
TABLE 66. GLOBAL AGROCHEMICALS MARKET FOR FERTILIZERS, BY REGION, 2018-2026 (KILOTONS) ....................... 154
TABLE 67. AGROCHEMICALS MARKET FOR PYRETHROIDS, BY REGION 2018–2026 ($MILLION) .................................... 155
TABLE 68. GLOBAL AGROCHEMICALS MARKET FOR PYRETHROIDS, BY REGION, 2018-2026 (KILOTONS) .................... 156
Agrochemicals TABLE 69. AGROCHEMICALS MARKET FOR METHYL CARBAMATE, BY REGION 2018–2026 ($MILLION)........................ 157
Market TABLE 70. GLOBAL AGROCHEMICALS MARKET FOR METHYL CARBAMATE, BY REGION, 2018-2026 (KILOTONS) ........ 158
Global Opportunity TABLE 71. AGROCHEMICALS MARKET FOR NEONICOTINOIDS, BY REGION 2018–2026 ($MILLION)............................... 159
TABLE 72. GLOBAL AGROCHEMICALS MARKET FOR NEONICOTINOIDS, BY REGION, 2018-2026 (KILOTONS) ............... 160
Forecast, 2019-2026
TABLE 73. AGROCHEMICALS MARKET FOR OTHER SYNTHETIC INSECTICIDES, BY REGION 2018–2026
($MILLION)...................................................................................................................................................................... 161
26
TABLE 74. GLOBAL AGROCHEMICALS MARKET FOR OTHER SYNTHETIC INSECTICIDES, BY REGION, 2018-2026
(KILOTONS) ..................................................................................................................................................................... 162
TABLE 75. AGROCHEMICALS MARKET FOR BIOINSECTICIDES, BY REGION 2018–2026 ($MILLION) ............................... 163
TABLE 76. GLOBAL AGROCHEMICALS MARKET FOR BIOINSECTICIDES, BY REGION, 2018-2026 (KILOTONS) ............... 164
TABLE 77. AGROCHEMICALS MARKET FOR FUNGICIDES, BY TYPE 2018–2026 ($MILLION) ............................................. 165
TABLE 78. GLOBAL AGROCHEMICALS MARKET FOR FUNGICIDES, BY TYPE, 2018-2026 (KILOTONS) ............................. 166
TABLE 79. AGROCHEMICALS MARKET FOR FUNGICIDES, BY REGION 2018–2026 ($MILLION) ........................................ 167
TABLE 80. GLOBAL AGROCHEMICALS MARKET FOR FUNGICIDES, BY REGION, 2018-2026 (KILOTONS) ........................ 168
TABLE 81. AGROCHEMICALS MARKET FOR SYNTHETIC FUNGICIDES, BY TYPE 2018–2026 ($MILLION) ........................ 169
TABLE 82. GLOBAL AGROCHEMICALS MARKET FOR SYNTHETIC FUNGICIDES, BY TYPE, 2018-2026 (KILOTONS) ........ 170
TABLE 83. AGROCHEMICALS MARKET FOR SYNTHETIC FUNGICIDES, BY REGION 2018–2026 ($MILLION) ................... 171
TABLE 84. GLOBAL AGROCHEMICALS MARKET FOR SYNTHETIC FUNGICIDES, BY REGION, 2018-2026
(KILOTONS) ..................................................................................................................................................................... 172
TABLE 85. AGROCHEMICALS MARKET FOR DITHIOCARBAMATES, BY REGION 2018–2026 ($MILLION) ........................ 173
TABLE 86. GLOBAL AGROCHEMICALS MARKET FOR DITHIOCARBAMATES, BY REGION, 2018-2026 (KILOTONS) ......... 174
TABLE 87. AGROCHEMICALS MARKET FOR BENZIMIDAZOLES, BY REGION 2018–2026 ($MILLION) .............................. 175
Agrochemicals TABLE 88. GLOBAL AGROCHEMICALS MARKET FOR BENZIMIDAZOLES, BY REGION, 2018-2026 (KILOTONS) .............. 176
Market TABLE 89. AGROCHEMICALS MARKET FOR CHLORONITRILES, BY REGION 2018–2026 ($MILLION) .............................. 177
Global Opportunity TABLE 90. GLOBAL AGROCHEMICALS MARKET FOR CHLORONITRILES, BY REGION, 2018-2026 (KILOTONS) .............. 178
TABLE 91. AGROCHEMICALS MARKET FOR TRIAZOLES, BY REGION 2018–2026 ($MILLION) .......................................... 179
Forecast, 2019-2026
TABLE 92. GLOBAL AGROCHEMICALS MARKET FOR TRIAZOLES, BY REGION, 2018-2026 (KILOTONS) .......................... 180
27
TABLE 93. AGROCHEMICALS MARKET FOR PHENYLAMIDES, BY REGION 2018–2026 ($MILLION) ................................. 181
TABLE 94. GLOBAL AGROCHEMICALS MARKET FOR PHENYLAMIDES, BY REGION, 2018-2026 (KILOTONS) ................. 182
TABLE 95. AGROCHEMICALS MARKET FOR STROBILURINS, BY REGION 2018–2026 ($MILLION) ................................... 183
TABLE 96. GLOBAL AGROCHEMICALS MARKET FOR STROBILURINS, BY REGION, 2018-2026 (KILOTONS) ................... 184
TABLE 97. AGROCHEMICALS MARKET FOR BIOFUNGICIDES, BY REGION 2018–2026 ($MILLION) .................................. 185
TABLE 98. GLOBAL AGROCHEMICALS MARKET FOR BIOFUNGICIDES, BY REGION, 2018-2026 (KILOTONS) .................. 186
TABLE 99. AGROCHEMICALS MARKET FOR OTHER PESTICIDES, BY TYPE 2018–2026 ($MILLION)................................. 187
TABLE 100. GLOBAL AGROCHEMICALS MARKET FOR OTHER PESTICIDES, BY TYPE, 2018-2026 (KILOTONS) ................. 187
TABLE 101. AGROCHEMICALS MARKET FOR OTHER PESTICIDES, BY REGION 2018–2026 ($MILLION) ........................... 188
TABLE 102. GLOBAL AGROCHEMICALS MARKET FOR OTHER PESTICIDES, BY REGION, 2018-2026 (KILOTONS) ............ 189
TABLE 103. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY TYPE 2018–2026 ($MILLION) ........................... 192
TABLE 104. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY TYPE 2018–2026 (KILOTONS) ............................ 192
TABLE 105. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY FERTILIZER TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 193
TABLE 106. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY FERTILIZER TYPE 2018–2026
(KILOTONS) ..................................................................................................................................................................... 193
Agrochemicals TABLE 107. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC FERTILIZER TYPE 2018–
Market 2026 ($MILLION) ........................................................................................................................................................... 194
TABLE 108. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC FERTILIZER TYPE 2018–2026
Global Opportunity (KILOTONS) ..................................................................................................................................................................... 195
Forecast, 2019-2026 TABLE 109. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY NITROGENOUS FERTILIZER TYPE 2018–
2026 ($MILLION) ........................................................................................................................................................... 195
28
TABLE 110. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY NITROGENOUS FERTILIZER TYPE 2018–
2026 (KILOTONS) .......................................................................................................................................................... 196
TABLE 111. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY PHOSPHATIC FERTILIZER TYPE 2018–
2026 ($MILLION) ........................................................................................................................................................... 197
TABLE 112. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY PHOSPHATIC FERTILIZER TYPE 2018–
2026 (KILOTONS) .......................................................................................................................................................... 198
TABLE 113. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY POTASSIC FERTILIZER TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 199
TABLE 114. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY POTASSIC FERTILIZER TYPE 2018–2026
(KILOTONS) ..................................................................................................................................................................... 200
TABLE 115. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY PESTICIDE TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 201
TABLE 116. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY PESTICIDE TYPE 2018–2026 (KILOTONS) ........ 201
TABLE 117. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC PESTICIDE TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 202
TABLE 118. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC PESTICIDE TYPE 2018–2026
(KILOTONS) ..................................................................................................................................................................... 203
TABLE 119. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY BIOPESTICIDE TYPE 2018–2026
Agrochemicals ($MILLION)...................................................................................................................................................................... 204
Market TABLE 120. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY BIOPESTICIDE TYPE 2018–2026
(KILOTONS) ..................................................................................................................................................................... 205
Global Opportunity TABLE 121. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY HERBICIDE TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 206
Forecast, 2019-2026
TABLE 122. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY HERBICIDE TYPE 2018–2026 (KILOTONS) ....... 206
29
TABLE 123. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC HERBICIDES TYPE 2018–
2026 ($MILLION) ........................................................................................................................................................... 207
TABLE 124. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC HERBICIDES TYPE 2018–
2026 (KILOTONS) .......................................................................................................................................................... 208
TABLE 125. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY INSECTICIDES TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 209
TABLE 126. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY INSECTICIDES TYPE 2018–2026
(KILOTONS) ..................................................................................................................................................................... 209
TABLE 127. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC INSECTICIDES TYPE 2018–
2026 ($MILLION) ........................................................................................................................................................... 210
TABLE 128. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC INSECTICIDES TYPE 2018–
2026 (KILOTONS) .......................................................................................................................................................... 211
TABLE 129. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY FUNGICIDES TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 212
TABLE 130. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY FUNGICIDES TYPE 2018–2026
(KILOTONS) ..................................................................................................................................................................... 212
TABLE 131. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC FUNGICIDES TYPE 2018–
2026 ($MILLION) ........................................................................................................................................................... 213
Agrochemicals TABLE 132. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC FUNGICIDES TYPE 2018–
2026 (KILOTONS) .......................................................................................................................................................... 214
Market
TABLE 133. EUROPE AGROCHEMICALS MARKET REVENUE, BY TYPE 2018–2026 ($MILLION) ........................................... 216
Global Opportunity TABLE 134. EUROPE AGROCHEMICALS MARKET VOLUME, BY TYPE 2018–2026 (KILOTONS) ............................................ 216
Forecast, 2019-2026 TABLE 135. EUROPE AGROCHEMICALS MARKET REVENUE, BY FERTILIZER TYPE 2018–2026 ($MILLION) ..................... 217
TABLE 136. EUROPE AGROCHEMICALS MARKET VOLUME, BY FERTILIZER TYPE 2018–2026 (KILOTONS) ...................... 217
30
TABLE 137. EUROPE AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC FERTILIZER TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 218
TABLE 138. EUROPE AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC FERTILIZER TYPE 2018–2026
(KILOTONS) ..................................................................................................................................................................... 219
TABLE 139. EUROPE AGROCHEMICALS MARKET REVENUE, BY NITROGENOUS FERTILIZER TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 219
TABLE 140. EUROPE AGROCHEMICALS MARKET VOLUME, BY NITROGENOUS FERTILIZER TYPE 2018–2026
(KILOTONS) ..................................................................................................................................................................... 220
TABLE 141. EUROPE AGROCHEMICALS MARKET REVENUE, BY PHOSPHATIC FERTILIZER TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 221
TABLE 142. EUROPE AGROCHEMICALS MARKET VOLUME, BY PHOSPHATIC FERTILIZER TYPE 2018–2026
(KILOTONS) ..................................................................................................................................................................... 222
TABLE 143. EUROPE AGROCHEMICALS MARKET REVENUE, BY POTASSIC FERTILIZER TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 223
TABLE 144. EUROPE AGROCHEMICALS MARKET VOLUME, BY POTASSIC FERTILIZER TYPE 2018–2026
(KILOTONS) ..................................................................................................................................................................... 224
TABLE 145. EUROPE AGROCHEMICALS MARKET REVENUE, BY PESTICIDE TYPE 2018–2026 ($MILLION) ....................... 225
TABLE 146. EUROPE AGROCHEMICALS MARKET VOLUME, BY PESTICIDE TYPE 2018–2026 (KILOTONS) ........................ 225
Agrochemicals TABLE 147. EUROPE AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC PESTICIDE TYPE 2018–2026
Market ($MILLION)...................................................................................................................................................................... 226
TABLE 148. EUROPE AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC PESTICIDE TYPE 2018–2026
Forecast, 2019-2026 TABLE 149. EUROPE AGROCHEMICALS MARKET REVENUE, BY BIOPESTICIDE TYPE 2018–2026 ($MILLION) ................. 228
TABLE 150. EUROPE AGROCHEMICALS MARKET VOLUME, BY BIOPESTICIDE TYPE 2018–2026 (KILOTONS) .................. 229
31
TABLE 151. EUROPE AGROCHEMICALS MARKET REVENUE, BY HERBICIDE TYPE 2018–2026 ($MILLION) ...................... 230
TABLE 152. EUROPE AGROCHEMICALS MARKET VOLUME, BY HERBICIDE TYPE 2018–2026 (KILOTONS) ....................... 230
TABLE 153. EUROPE AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC HERBICIDES TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 231
TABLE 154. EUROPE AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC HERBICIDES TYPE 2018–2026
(KILOTONS) ..................................................................................................................................................................... 232
TABLE 155. EUROPE AGROCHEMICALS MARKET REVENUE, BY INSECTICIDES TYPE 2018–2026 ($MILLION) ................. 233
TABLE 156. EUROPE AGROCHEMICALS MARKET VOLUME, BY INSECTICIDES TYPE 2018–2026 (KILOTONS) .................. 233
TABLE 157. EUROPE AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC INSECTICIDES TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 234
TABLE 158. EUROPE AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC INSECTICIDES TYPE 2018–2026
(KILOTONS) ..................................................................................................................................................................... 235
TABLE 159. EUROPE AGROCHEMICALS MARKET REVENUE, BY FUNGICIDES TYPE 2018–2026 ($MILLION) .................... 236
TABLE 160. EUROPE AGROCHEMICALS MARKET VOLUME, BY FUNGICIDES TYPE 2018–2026 (KILOTONS) ..................... 236
TABLE 161. EUROPE AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC FUNGICIDES TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 237
TABLE 162. EUROPE AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC FUNGICIDES TYPE 2018–2026
Market TABLE 163. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY TYPE 2018–2026 ($MILLION) .................................. 240
TABLE 164. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY TYPE 2018–2026 (KILOTONS) ................................... 240
Global Opportunity
Analysis and Industry TABLE 165. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY FERTILIZER TYPE 2018–2026 ($MILLION) ............ 241
Forecast, 2019-2026
TABLE 166. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY FERTILIZER TYPE 2018–2026 (KILOTONS).............. 242
32
TABLE 167. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC FERTILIZER TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 243
TABLE 168. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC FERTILIZER TYPE 2018–2026
(KILOTONS) ..................................................................................................................................................................... 244
TABLE 169. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY NITROGENOUS FERTILIZER TYPE 2018–
2026 ($MILLION) ........................................................................................................................................................... 245
TABLE 170. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY NITROGENOUS FERTILIZER TYPE 2018–2026
(KILOTONS) ..................................................................................................................................................................... 246
TABLE 171. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY PHOSPHATIC FERTILIZER TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 247
TABLE 172. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY PHOSPHATIC FERTILIZER TYPE 2018–2026
(KILOTONS) ..................................................................................................................................................................... 248
TABLE 173. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY POTASSIC FERTILIZER TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 249
TABLE 174. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY POTASSIC FERTILIZER TYPE 2018–2026
(KILOTONS) ..................................................................................................................................................................... 250
TABLE 175. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY PESTICIDE TYPE 2018–2026 ($MILLION) .............. 251
TABLE 176. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY PESTICIDE TYPE 2018–2026 (KILOTONS) ............... 251
Agrochemicals TABLE 177. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC PESTICIDE TYPE 2018–2026
Market ($MILLION)...................................................................................................................................................................... 252
TABLE 178. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC PESTICIDE TYPE 2018–2026
Forecast, 2019-2026 TABLE 179. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY BIOPESTICIDE TYPE 2018–2026 ($MILLION) ........ 254
TABLE 180. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY BIOPESTICIDE TYPE 2018–2026 (KILOTONS) ......... 255
33
TABLE 181. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY HERBICIDE TYPE 2018–2026 ($MILLION) ............. 256
TABLE 182. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY HERBICIDE TYPE 2018–2026 (KILOTONS) .............. 256
TABLE 183. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC HERBICIDES TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 257
TABLE 184. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC HERBICIDES TYPE 2018–2026
(KILOTONS) ..................................................................................................................................................................... 258
TABLE 185. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY INSECTICIDES TYPE 2018–2026 ($MILLION) ........ 259
TABLE 186. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY INSECTICIDES TYPE 2018–2026 (KILOTONS) ......... 259
TABLE 187. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC INSECTICIDES TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 260
TABLE 188. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC INSECTICIDES TYPE 2018–2026
(KILOTONS) ..................................................................................................................................................................... 261
TABLE 189. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY FUNGICIDES TYPE 2018–2026 ($MILLION) ........... 262
TABLE 190. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY FUNGICIDES TYPE 2018–2026 (KILOTONS) ............ 262
TABLE 191. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC FUNGICIDES TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 263
TABLE 192. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC FUNGICIDES TYPE 2018–2026
Market TABLE 193. LAMEA AGROCHEMICALS MARKET REVENUE, BY TYPE 2018–2026 ($MILLION) ............................................. 265
TABLE 194. LAMEA AGROCHEMICALS MARKET VOLUME, BY TYPE 2018–2026 (KILOTONS) .............................................. 266
Global Opportunity
Analysis and Industry TABLE 195. LAMEA AGROCHEMICALS MARKET REVENUE, BY FERTILIZER TYPE 2018–2026 ($MILLION) ....................... 266
Forecast, 2019-2026
TABLE 196. LAMEA AGROCHEMICALS MARKET VOLUME, BY FERTILIZER TYPE 2018–2026 (KILOTONS)......................... 267
34
TABLE 197. LAMEA AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC FERTILIZER TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 267
TABLE 198. LAMEA AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC FERTILIZER TYPE 2018–2026
(KILOTONS) ..................................................................................................................................................................... 268
TABLE 199. LAMEA AGROCHEMICALS MARKET REVENUE, BY NITROGENOUS FERTILIZER TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 269
TABLE 200. LAMEA AGROCHEMICALS MARKET VOLUME, BY NITROGENOUS FERTILIZER TYPE 2018–2026
(KILOTONS) ..................................................................................................................................................................... 270
TABLE 201. LAMEA AGROCHEMICALS MARKET REVENUE, BY PHOSPHATIC FERTILIZER TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 271
TABLE 202. LAMEA AGROCHEMICALS MARKET VOLUME, BY PHOSPHATIC FERTILIZER TYPE 2018–2026
(KILOTONS) ..................................................................................................................................................................... 272
TABLE 203. LAMEA AGROCHEMICALS MARKET REVENUE, BY POTASSIC FERTILIZER TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 273
TABLE 204. LAMEA AGROCHEMICALS MARKET VOLUME, BY POTASSIC FERTILIZER TYPE 2018–2026
(KILOTONS) ..................................................................................................................................................................... 274
TABLE 205. LAMEA AGROCHEMICALS MARKET REVENUE, BY PESTICIDE TYPE 2018–2026 ($MILLION) ......................... 275
TABLE 206. LAMEA AGROCHEMICALS MARKET VOLUME, BY PESTICIDE TYPE 2018–2026 (KILOTONS) .......................... 275
Agrochemicals TABLE 207. LAMEA AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC PESTICIDE TYPE 2018–2026
Market ($MILLION)...................................................................................................................................................................... 276
TABLE 208. LAMEA AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC PESTICIDE TYPE 2018–2026
Forecast, 2019-2026 TABLE 209. LAMEA AGROCHEMICALS MARKET REVENUE, BY BIOPESTICIDE TYPE 2018–2026 ($MILLION) ................... 278
TABLE 210. LAMEA AGROCHEMICALS MARKET VOLUME, BY BIOPESTICIDE TYPE 2018–2026 (KILOTONS) .................... 279
35
TABLE 211. LAMEA AGROCHEMICALS MARKET REVENUE, BY HERBICIDE TYPE 2018–2026 ($MILLION) ........................ 280
TABLE 212. LAMEA AGROCHEMICALS MARKET VOLUME, BY HERBICIDE TYPE 2018–2026 (KILOTONS) ......................... 280
TABLE 213. LAMEA AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC HERBICIDES TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 281
TABLE 214. LAMEA AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC HERBICIDES TYPE 2018–2026
(KILOTONS) ..................................................................................................................................................................... 282
TABLE 215. LAMEA AGROCHEMICALS MARKET REVENUE, BY INSECTICIDES TYPE 2018–2026 ($MILLION) ................... 283
TABLE 216. LAMEA AGROCHEMICALS MARKET VOLUME, BY INSECTICIDES TYPE 2018–2026 (KILOTONS) .................... 283
TABLE 217. LAMEA AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC INSECTICIDES TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 284
TABLE 218. LAMEA AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC INSECTICIDES TYPE 2018–2026
(KILOTONS) ..................................................................................................................................................................... 285
TABLE 219. LAMEA AGROCHEMICALS MARKET REVENUE, BY FUNGICIDES TYPE 2018–2026 ($MILLION) ...................... 286
TABLE 220. LAMEA AGROCHEMICALS MARKET VOLUME, BY FUNGICIDES TYPE 2018–2026 (KILOTONS) ....................... 286
TABLE 221. LAMEA AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC FUNGICIDES TYPE 2018–2026
($MILLION)...................................................................................................................................................................... 287
TABLE 222. LAMEA AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC FUNGICIDES TYPE 2018–2026
Market TABLE 223. KEY NEW PRODUCT LAUNCHES (2016-2019) .......................................................................................................... 296
TABLE 224. KEY EXPANSIONS (2016-2019) .................................................................................................................................. 297

Global Opportunity
Analysis and Industry TABLE 225. KEY ACQUISITION (2016-2019) .................................................................................................................................. 297
Forecast, 2019-2026
TABLE 226. KEY AGREEMENTS (2016-2019) ................................................................................................................................ 298
36
TABLE 227. BASF: COMPANY SNAPSHOT ....................................................................................................................................... 300
TABLE 228. BASF: OPERATING SEGMENTS .................................................................................................................................... 300
TABLE 229. BASF: PRODUCT PORTFOLIO ....................................................................................................................................... 301
TABLE 230. OVERALL FINANCIAL STATUS ($MILLION) ................................................................................................................. 302
TABLE 231. BASF: KEY STRATEGIC MOVES AND DEVELOPMENTS............................................................................................. 304
TABLE 232. BAYER AG: COMPANY SNAPSHOT .............................................................................................................................. 306
TABLE 233. BAYER AG: OPERATING SEGMENTS ........................................................................................................................... 307
TABLE 234. BAYER AG: PRODUCT PORTFOLIO .............................................................................................................................. 307
TABLE 236. BAYER AG: KEY STRATEGIC MOVES AND DEVELOPMENTS.................................................................................... 310
TABLE 237. DOW: COMPANY SNAPSHOT ....................................................................................................................................... 312
TABLE 238. DOW: OPERATING SEGMENTS .................................................................................................................................... 312
TABLE 239. DOW: PRODUCT PORTFOLIO ....................................................................................................................................... 313
TABLE 241. DUPONT: COMPANY SNAPSHOT ................................................................................................................................. 316
Agrochemicals TABLE 242. DOW: OPERATING SEGMENTS .................................................................................................................................... 317
Market TABLE 243. DUPONT: PRODUCT PORTFOLIO ................................................................................................................................. 318

Global Opportunity
Analysis and Industry TABLE 245. FMC CORPORATION: COMPANY SNAPSHOT ............................................................................................................. 322
Forecast, 2019-2026
TABLE 246. FMC CORPORATION: OPERATING SEGMENTS .......................................................................................................... 322
TABLE 247. FMC CORPORATION: PRODUCT PORTFOLIO ............................................................................................................. 323
37
TABLE 249. NUTRIEN: COMPANY SNAPSHOT ................................................................................................................................ 327
TABLE 250. NUTRIEN: OPERATING SEGMENTS ............................................................................................................................. 327
TABLE 251. NUTRIEN: PRODUCT PORTFOLIO ................................................................................................................................ 328
TABLE 253. NUTRIEN: KEY STRATEGIC MOVES AND DEVELOPMENTS ...................................................................................... 331
TABLE 254. SUMITOMO CHEMICAL: COMPANY SNAPSHOT ........................................................................................................ 332
TABLE 255. SUMITOMO CHEMICAL: OPERATING SEGMENTS...................................................................................................... 333
TABLE 256. SUMITOMO CHEMICAL: PRODUCT PORTFOLIO ......................................................................................................... 334
TABLE 258. SUMITOMO CHEMICAL: KEY STRATEGIC MOVES AND DEVELOPMENTS .............................................................. 336
TABLE 259. SYNGENTA: COMPANY SNAPSHOT ............................................................................................................................. 338
TABLE 260. SYNGENTA: OPERATING SEGMENTS .......................................................................................................................... 338
TABLE 261. SYNGENTA ...................................................................................................................................................................... 339
Agrochemicals TABLE 263. MOSAIC: COMPANY SNAPSHOT .................................................................................................................................. 343
Market TABLE 264. MOSAIC: OPERATING SEGMENTS ............................................................................................................................... 343
TABLE 265. MOSAIC: PRODUCT PORTFOLIO .................................................................................................................................. 344

Global Opportunity
Analysis and Industry TABLE 266. OVERALL FINANCIAL STATUS ($MILLION) ................................................................................................................. 345
Forecast, 2019-2026
TABLE 267. YARA: COMPANY SNAPSHOT ...................................................................................................................................... 348
TABLE 268. YARA: OPERATING SEGMENTS ................................................................................................................................... 349
38
TABLE 269. YARA: PRODUCT PORTFOLIO ...................................................................................................................................... 349
TABLE 271. YARA: KEY STRATEGIC MOVES AND DEVELOPMENTS ............................................................................................ 352
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
39
LIST OF FIGURES
FIGURE 01. KEY MARKET SEGMENTS ................................................................................................................................................49
FIGURE 02. TOP INVESTMENT POCKETS............................................................................................................................................58
FIGURE 03. MODERATE BARGAINING POWER OF SUPPLIERS ......................................................................................................62
FIGURE 04. MODERATE THREAT OF NEW ENTRANTS .....................................................................................................................63
FIGURE 05. MODERATE THREAT OF SUBSTITUTE ............................................................................................................................64
FIGURE 06. HIGH INTENSITY OF COMPETITIVE RIVALRY ................................................................................................................65
FIGURE 07. LOW BARGAINING POWER OF BUYERS........................................................................................................................66
FIGURE 08. VALUE CHAIN ANALYSIS..................................................................................................................................................67
FIGURE 09. PATENT ANALYSIS, BY REGION ......................................................................................................................................68
FIGURE 10. ALUMINUM MARKET DYNAMICS ....................................................................................................................................77
FIGURE 11. GLOBAL AGROCHEMICALS MARKET, BY TYPE, 2018-2026 ($MILLION) ................................................................86
FIGURE 12. MARKET PLAYER POSITIONING, 2018 ...................................................................................................................... 290
FIGURE 13. TOP WINNING STRATEGIES, BY YEAR, 2016–2019 ................................................................................................ 292
FIGURE 14. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2016–2019 (%) ........................................................................ 293
Agrochemicals
FIGURE 15. TOP WINNING STRATEGIES, BY COMPANY, 2016–2019 ....................................................................................... 294
Market
FIGURE 16. COMPETITIVE HEATMAP OF KEY PLAYERS ............................................................................................................... 295
Global Opportunity
Analysis and Industry FIGURE 17. BASF: REVENUE, 2016–2018 ($MILLION) ................................................................................................................ 302
Forecast, 2019-2026 FIGURE 18. BASF: REVENUE SHARE BY SEGMENT, 2018 (%) ..................................................................................................... 303
FIGURE 19. BASF: REVENUE SHARE BY REGION, 2018 (%) ........................................................................................................ 303
40
FIGURE 20. BAYER AG: NET SALES, 2016–2018 ($MILLION) .................................................................................................... 308
FIGURE 21. BAYER AG: REVENUE SHARE BY SEGMENT, 2018 (%) ............................................................................................ 309
FIGURE 22. BAYER AG: REVENUE SHARE BY REGION, 2018 (%) ............................................................................................... 309
FIGURE 23. DOW: NET SALES, 2016–2018 ($MILLION) .............................................................................................................. 314
FIGURE 24. DOW: REVENUE SHARE BY SEGMENT, 2018 (%) ..................................................................................................... 315
FIGURE 25. DUPONT: REVENUE, 2016–2018 ($MILLION)........................................................................................................... 319
FIGURE 26. DUPONT: REVENUE SHARE BY SEGMENT, 2018 (%) ............................................................................................... 320
FIGURE 27. DUPONT: REVENUE SHARE BY REGION, 2018 (%)................................................................................................... 320
FIGURE 28. FMC CORPORATION: REVENUE, 2016–2018 ($MILLION) ...................................................................................... 324
FIGURE 29. FMC CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)........................................................................... 325
FIGURE 30. FMC CORPORATION: REVENUE SHARE BY REGION, 2018 (%) .............................................................................. 325
FIGURE 31. NUTRIEN: REVENUE, 2016–2018 ($MILLION) .......................................................................................................... 329
FIGURE 32. NUTRIEN: REVENUE SHARE BY SEGMENT, 2018 (%) .............................................................................................. 330
FIGURE 33. NUTRIEN: REVENUE SHARE BY REGION, 2018 (%) .................................................................................................. 330
FIGURE 34. SUMITOMO CHEMICAL: REVENUE, 2016–2018 ($MILLION) .................................................................................. 335
Agrochemicals FIGURE 35. SUMITOMO CHEMICAL: REVENUE SHARE BY SEGMENT, 2018 (%) ...................................................................... 336
Market FIGURE 36. SYNGENTA: REVENUE, 2016–2018 ($MILLION) ...................................................................................................... 340
FIGURE 37. SYNGENTA: REVENUE SHARE BY SEGMENT, 2018 (%) ........................................................................................... 341
Global Opportunity
Analysis and Industry FIGURE 38. SYNGENTA: REVENUE SHARE BY REGION, 2018 (%) .............................................................................................. 341
Forecast, 2019-2026
FIGURE 39. MOSAIC: REVENUE, 2016–2018 ($MILLION) ........................................................................................................... 345
FIGURE 40. MOSAIC: REVENUE SHARE BY SEGMENT, 2018 (%) ................................................................................................ 346
41
FIGURE 41. MOSAIC: REVENUE SHARE BY REGION, 2018 (%) ................................................................................................... 346
FIGURE 42. YARA: REVENUE, 2016–2018 ($MILLION) ................................................................................................................ 350
FIGURE 43. YARA: REVENUE SHARE BY SEGMENT, 2018 (%) .................................................................................................... 351
FIGURE 44. YARA: REVENUE SHARE BY REGION, 2018 (%) ........................................................................................................ 351
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
42
CHAPTER 1: INTRODUCTION
1.1. Report description
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.
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.
Agrochemicals The global agrochemicals market is segmented into type and region. Based on type, the market is bifurcated
Market 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,
Global Opportunity
Analysis and Industry insecticides, fungicides, and others. Region wise, the market is analyzed across North America, Europe, Asia-
Forecast, 2019-2026 Pacific, and LAMEA.
43
Key players operating in the global agrochemicals market are BASF SE, Bayer AG, Dow, Inc., DuPont de Nemours,
Inc., Sumitomo Chemical Company, Syngenta AG, The Mosaic Company, Yara International, Nutrien, Ltd., and
FMC Corporation. Other companies in accordance with agrochemicals are Makhteshim Agan Industries Ltd., CF
Industries Holdings Inc., Jordan Abyad Fertilizers & Chemicals Company, and others.
1.2. 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.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
44
1.3. Key market segments
By Type
• Fertilizers
o Synthetic Fertilizers
▪ Nitrogenous
• Urea
• Ammonia
• Calcium Ammonium Nitrate
• Other Nitrogenous Fertilizers
▪ Phosphatic
• Di-Ammonium Phosphate (DAP)
• Mono-Ammonium Phosphate (MAP)
• Triple Superphosphate (TSP)
• Other Phosphatic Fertilizers
▪ Potassic
Agrochemicals • Potassium Chloride
Market • Potassium Sulfate
• Potassium Magnesium Sulfate
Global Opportunity
Analysis and Industry • Others
Forecast, 2019-2026
o Bio fertilizers
45
• Pesticides
o Herbicides
▪ Synthetic Herbicides
• Glyphosate
• Atrazine
• Acetochlor
• 2,4-D
• Paraquat
• Others
▪ Bio-Herbicides
o Insecticides
▪ Synthetic Insecticides
• Organophosphates
• Pyrethroids
• Methyl Carbamates
• Neonicotinoids
Agrochemicals
• Others
Market
▪ Bio-Insecticides
Global Opportunity
Forecast, 2019-2026
46
o Fungicides
▪ Synthetic Fungicides
• Dithiocarbamates
• Benzimidazoles
• Chloronitriles
• Triazoles
• Phenylamides
• Strobilurins
• Others
▪ Bio-Fungicides
o Others
▪ Other Synthetic Pesticides
▪ Other Bio Pesticides
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
47
By Region
• North America • Asia-Pacific
o U.S. o China
o Canada o Australia
o Mexico o India
• Europe o Rest of Asia-Pacific
o Germany • LAMEA
o France o Brazil
o UK o Argentina
o Italy o Rest of LAMEA
o Spain
o Rest of Europe
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
48
FIGURE 01. KEY MARKET SEGMENTS
BY TYPE
▪ Fertilizers
o Synthetic Fertilizers
o Bio fertilizers
▪ Pesticides
o Insecticides
BY REGION
o Herbicides
▪ North America
o Fungicides
▪ Europe
o Others
▪ Asia-Pacific
▪ LAMEA
Source: AMR Analysis
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
49
1.4. Research methodology
With collective industry experience of about 100 years of its analysts and experts, Allied Market Research (AMR)
encompasses the most infallible research methodology for its market intelligence and industry analysis. Not
only does the company dig deep into the innermost levels of the market, but also examines the minutest details
for its market estimates and forecasts. This approach helps build a greater market-specific view for size, shape,
and industry trends within each industry segment. Various industry trends and real-time developments are
factored into identify key growth factors and the future course of the market. The research proceeds are the
results of high quality data, expert views & analysis, and valuable independent opinions. The research process
is designed to deliver a balanced view of the global markets and allows stakeholders to make informed
decisions, to attain their highest growth objectives.
AMR offers its clients exhaustive research and analysis, based on a wide variety of factual inputs, which largely
include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry
experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a
particular industry segment. These analytical tools and models distill the data & statistics and enhance the
accuracy of our recommendations and advice.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
50
With AMR’s calibrated research process and 360° data-evaluation methodology, the clients receive:
• Consistent, valuable, robust, and actionable data & analysis that can easily be referenced for strategic
business planning
• Technologically sophisticated and reliable insights through a well-audited and veracious research
methodology
• Sovereign research proceeds that present a tangible depiction of the marketplace
With this strong methodology, AMR ensures that its research and analysis is most reliable and guarantees sound
business planning.
The research methodology of the global Agrochemicals market involves extensive primary and secondary
research. Primary research includes about 12 hours of interviews and discussions with a wide range of
stakeholders that include upstream and downstream participants. Primary research typically is a bulk of our
research efforts, coherently supported by extensive secondary research. Over 2,765 product literatures, industry
releases, annual reports, and other such documents of key industry participants have been reviewed to obtain
a better market understanding and gain an enhanced competitive intelligence. In addition, authentic industry
journals, trade as Defense tactical radiations’ releases, and government websites have also been reviewed to
Agrochemicals
generate high value industry insights.
Market
Global Opportunity
Forecast, 2019-2026
51
1.4.1. Primary research
Primary research efforts include reaching out to participants through emails, telephonic-conversations, referrals,
professional networks, and formal interactions. AMR also maintains professional corporate relations with various
companies that make way for greater flexibility in reaching out to industry participants and commentators for
interviews and discussions. The aforementioned helps to:
• Validate and improve data quality and strengthen the research proceeds
• Develop a market understanding and expertise
• Supply authentic information about the market size, share, growth, and forecasts
The primary research interview and discussion panels comprise experienced industry personnel. These
participants include, but are not limited to:
• Chief executives and VPs of leading corporations specific to an industry

• Product and sales managers or country heads; channel partners & top-level distributors; banking,
investments, and valuation experts
• Key opinion leaders (KOLs)
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
52
1.4.2. Secondary research
A broad array of industry sources for the secondary research typically includes, but is not limited to:
• Company SEC filings, annual reports, company websites, broker & financial reports, and investor
presentations for a competitive scenario and shape of the industry
• Patent and regulatory databases to understand technical & legal developments
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles, web-casts, and other related releases to evaluate the market
• Internal and external proprietary databases, key market indicators, and relevant press releases for
market estimates and forecasts
1.4.3. Analyst tools and models

AMR has developed a set of analyst tools and data models to supplement and expedite the analysis process
corresponding to markets where there is a significant lack of information and estimates. These models help
interpret qualitative and quantitative industry indicators to obtain industry estimates. These models examine
Agrochemicals the prospects and opportunities that are predominant in the market.
Market
Global Opportunity
Forecast, 2019-2026
53
CHAPTER 2: EXECUTIVE SUMMARY
The global agrochemicals market was valued at $241,628.9 million in 2018 and is expected to reach $336,375.4
million by 2026, registering a CAGR of 4.2%. Agrochemicals are engineered chemical or biological formulations
used for improving the quality and yield of crops. Agrochemicals are classified into fertilizers and pesticides.
Fertilizers enhance the quality of the crop by providing essential nutrients to the crop and soil whereas pesticides
protect the crops and control, kill, or repel pests and weeds that can harm the crop. Considering the current
global population scenario, it is of extreme importance to increase the production of crops within the present
arable land in order to feed the global population. Thus, agrochemicals play an important role in the agriculture
industry, assisting farmers in enhancing their crop quality as well as quantity.
The major factors driving the global agrochemicals market include high population and subsequent increase in
the demand for food, soil degradation, limited agricultural land, and increase in awareness in the consumers
regarding the benefits of agrochemicals. However, the market growth may be hampered by the potential harm
of using synthetic pesticides such as 2, 4-D and atrazine herbicide. Agrochemicals, when used in higher
concentration, result in surface water pollution and adversely affect the environment. Thus, the production of
bio-based fertilizers and pesticides have created numerous opportunities for the key market players.
Agrochemicals
On the basis of type, transport segment accounted for more than one-fifth of the market, in terms of volume,
Market
in 2018. Aluminum products are extensively used in transport industry due to their performance, weight to
Global Opportunity strength ratio, thermal conductivity, corrosion resistance, safety, and environment benefits. North American
Forecast, 2019-2026 automotive manufacturers plan to increase aluminum usage in light trucks and cars by over 40% by 2026.
54
Aluminum engine mounts, tailgate frames, running boards, and roof consoles are corrosion resistant and are
more resilient in vehicle crashes due to their flexibility and inherent strength. Studies have confirmed that use
of aluminum in motor industry reduces CO2 emissions.
On the basis of the region, the market is analyzed across four major regions such as North America, Europe,
Asia-Pacific, and LAMEA. Asia-Pacific has the dominant market share in 2018 and anticipated to maintain its
dominance during the forecast period. This is attributed to numerous factors such as a huge consumer base
and the presence of key players in the region. Moreover, Asia-Pacific is anticipated to grow at a noteworthy
rate. This is owing to rising end-users in developing countries such as China, Australia, and India.
Market players operating and profiles in the global agrochemicals market include BASF SE, Bayer AG, Dow, Inc.,
DuPont de Nemours, Inc., Sumitomo Chemical Company, Syngenta AG, The Mosaic Company, Yara
International, Nutrien, Ltd. and FMC Corporation.
Other players operating in the value chain of the global agrochemicals market are Makhteshim Agan Industries
Ltd., CF Industries Holdings Inc., Jordan Abyad Fertilizers & Chemicals Company, K+S AG, Uralkali, ADAMA
Agricultural Solutions Ltd., Nufarm Ltd., IFFCO, SQM, American Vanguard Corporation, Haifa Group, Zuari Agro
Chemicals Ltd., Gharda Chemicals Limited, Valent USA Corp., United Phosphorus, Ltd., Rotam Cropsciences, Inc.,
Agrochemicals Qatar Fertiliser Co., Ltd., Koch Minerals Co., LLC, Arysta Lifescience Corp., Drexel Chemical Co., and CF Industries,
Market Inc.
Global Opportunity
Forecast, 2019-2026
55
2.1. Key findings
• Asia-Pacific dominated the global agrochemicals market in 2018, accounting for over half of the share,
both in terms of revenue and volume
• In 2018, fertilizers accounted for majority of the share of the global agrochemical market, and is
expected to maintain its lead throughout the forecast period
• LAMEA is the fastest growing segment in agrochemicals market, expected to grow at a CAGR of 5.4% in
terms of growth, from 2019 to 2026
• In 2018, the pesticides market accounted for nearly one-third of the share in the North America
agrochemicals market and is expected to maintain the same by end of the forecast period
• The bio-pesticides segment is anticipated to grow at a rate of 14.4% in terms of revenue, increasing its
share in the global pesticides market
In 2018, Asia-Pacific dominated the global agrochemical market with more than half of the share, in terms of
both revenue and volume. This was attributed to the high percentage of land available for agricultural activities
and the high extent of agricultural activities in highly populated countries such as India, China, and others. High
population of these areas increase the demand for food crops, which in turn contributes to the growth of the
agrochemicals market.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
56
2.1.1. Top investment pockets
Top investment pockets are studied on the basis of region included in this market study where the market is
expected to experience growth in the upcoming years. According to the study, LAMEA and Asia-Pacific are the
regions which have top investment opportunities in the agrochemicals market. The LAMEA agrochemicals
market has benefitted from high demand for corn for its use in bio-ethanol production. This is owing to the rise
in demand from crops like sugarcane and soybeans as, the demand for soybeans and sugarcane is high in Brazil,
Egypt, and other developing countries in LAMEA.
Asia-Pacific is the most lucrative region in the agrochemicals market. The dominating position and high growth
of Asia-Pacific region in the agrochemicals market is attributed to the presence of population dense countries
such as India and China. The rise in population of these nations drives the demand for more food crops.
Moreover, the rapid economic growth, industrialization, and urbanization in these countries have also
contributed toward the growth of the agrochemicals market.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
57
The graph below depicts the top investment pockets with respect to the growth rate and market attractiveness.
FIGURE 02. TOP INVESTMENT POCKETS
High
Asia-Pacific
Market Growth
Europe
LAMEA
North America
Low
Low High
Market Attractiveness
Source: Primary & Secondary Research, and AMR Analysis
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
58
2.2. CXO perspective
According to the perspectives of the CXOs of leading companies, growing demand for food supplies and
innovative products is the major driving factor for the global agrochemicals market. In addition, Asia-Pacific is
the largest revenue-generating region due to the presence of agriculture-based nations such as India and China,
and holds numerous growth opportunities for the agrochemicals market. The agrochemicals market in India is
being driven by rising demand for consumption, quality, and quantity of food and will continue with the growing
economy as both are directly related. Moreover, companies like BASF are focusing more on introducing
innovative products to the market as the competition among agrochemicals market players is intense.
Among the analyzed geographical regions, Asia-Pacific is expected to account for the highest revenue in the
global agrochemicals market throughout the forecast period (2019-2026) followed by Europe, North America,
and LAMEA.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
59
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
Agrochemicals are the chemicals used in the management of agricultural ecosystems and micro-organisms in
the farming area. The use of agrochemicals is critical in increasing the crop yield. Agrochemicals include various
fertilizers, herbicides, insecticides, fungicides, soil conditioners, and others. Fertilizers are used in the agricultural
lands to increase the growth of plants and crop yield. The term agrochemicals may also include synthetic
fertilizers, hormones, and other chemical growth agents, as well as concentrated stores of raw animal manure.
The global agrochemicals market is segmented into type and region. Based on type, it is categorized into
fertilizers and pesticides. Based on fertilizers, the market is bifurcated into synthetic and biofertilizers. Whereas,
pesticides are categorized as insecticides, herbicides, fungicides, and other pesticides. Based on region, the
market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
Key players operating and profiled in the global agrochemicals market include BASF SE, Bayer AG, Dow, Inc.,
DuPont de Nemours, Inc., Sumitomo Chemical Company, Syngenta AG, The Mosaic Company, Yara
International, Nutrien, Ltd. and FMC Corporation.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
60
Other players operating in the value chain of the global agrochemicals market are Makhteshim Agan Industries
Ltd., CF Industries Holdings Inc., Jordan Abyad Fertilizers & Chemicals Company, K+S AG, Uralkali, ADAMA
Agricultural Solutions Ltd., Nufarm Ltd., IFFCO, SQM, American Vanguard Corporation, Haifa Group, Zuari Agro
Chemicals Ltd., Gharda Chemicals Limited, Valent USA Corp., United Phosphorus, Ltd., Rotam Cropsciences, Inc.,
Qatar Fertiliser Co., Ltd., Koch Minerals Co., LLC, Arysta Lifescience Corp., Drexel Chemical Co., and CF Industries,
Inc.
The report includes the study of the agrochemicals market with respect to the growth prospects and restraints
based on the regional analysis. The study includes Porter’s Five Forces analysis of the industry to determine the
impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
61
3.2. Key forces shaping agrochemicals market
The degree of industry attractiveness in the agrochemicals market is analyzed based on impact of five major
forces on the market. Porter’s five forces analysis includes the impact of suppliers, industry rivals, new entrants,
substitute products, and buyers on the market growth.
FIGURE 03. MODERATE BARGAINING POWER OF SUPPLIERS
Determinant
Determinant Determinant Impact on Market
Strength
LOW MODERATE HIGH

Number of Raw Material Suppliers Low
Moderate
Product Differentiation
Switching Cost Low
Purchase Quantity Moderate
Distribution Channel Moderate

Agrochemicals
Market Source: AMR Analysis
Global Opportunity
Forecast, 2019-2026
62
FIGURE 04. MODERATE THREAT OF NEW ENTRANTS
Determinant
Strength
LOW MODERATE HIGH

Investment Cost Low
Legal Barriers High
Government Policies High
Demand Potential Moderate
Product Differentiation High
Brand Loyalty Moderate
Distribution Channel Moderate

Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
63
FIGURE 05. MODERATE THREAT OF SUBSTITUTE
Determinant
Strength
LOW MODERATE HIGH

Switching Cost Moderate
Availability of Substitute Moderate
Product Differentiation High
Ease of Substitution Moderate
Brand Loyalty High
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
64
FIGURE 06. HIGH INTENSITY OF COMPETITIVE RIVALRY
Determinant
Strength
LOW MODERATE HIGH

Number of Players High
Economic Base Moderate
Strategies High
Innovation High
Growth Rate Moderate
Exit Barriers Moderate
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
65
FIGURE 07. LOW BARGAINING POWER OF BUYERS
Determinant
Strength
Number of Buyers High LOW MODERATE HIGH
Purchase Quantity High
Switching Cost Low
Backward Integration Low
Product Differentiation Low
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
66
3.3. Value chain analysis
FIGURE 08. VALUE CHAIN ANALYSIS
Raw Materials Processing Application

(base liquid, (Premixing, Distribution (Crop Protection
dispersion Drying, and Growth
Frozening, Channel
agents, active Enhancement)
ingredients) Preserving, etc.)
Agrochemicals Agrochemicals are manufactured using base liquids, dispersion agents, and active ingredients. These raw
Market materials are passed through different processing methods such as premixing, drying, freezing, preserving, and
others. This results in the production of agrochemicals such as fertilizers and pesticides. These manufactured
Global Opportunity
Analysis and Industry agrochemicals can be distributed through distribution channels to broad range of applications such as crop
Forecast, 2019-2026
protection and its enhancements.
67
3.4. Patent analysis
3.4.1. By region (2012-2018)
The global agrochemicals market is segmented according to the patents filed in the U.S., PCT, Australia, Europe,
Canada, China, India, New Zealand, Russian Federation, and Israel. The U.S. has the largest number of patent
filings, owing to suitable research infrastructure. Approvals from these authorities are followed/accepted by
medical devices registration authorities in many of the developing regions/countries. Moreover, majority of the
catheter manufacturing companies belong to the U.S. and Europe, which largely contribute to the growth of
the number of patents applications filed in these regions. The U.S. dominates the market, registering 29.5% of
the patents. It is followed by Australia, Europe, which displays 20.4% share of the total (agrochemicals) patents
filed across the world.
FIGURE 09. PATENT ANALYSIS, BY REGION
3.4%
U.S.
4.5% PCT
4.5%
29.5% Australia
6.8%
European Patent Office
Agrochemicals 8.0% Canada

China
Market India
9.1%
13.6% New Zealand
Global Opportunity
10.2%
Analysis and Industry 10.2% Russian Federation
Forecast, 2019-2026 Israel
68
3.5. Impact of government regulations on global agrochemicals market
3.5.1. Global fertilizer regulations
Different government and administrative bodies regulate the manufacturing, commercialization, and use of
fertilizers similarly as that of other goods such as manufactured products, chemicals, drugs, and consumables.
Essential nutrients containing fertilizers are applied to the soil directly to enhance the crop yield as well as
quality. Fertilizers are produced using raw materials, including organic waste, sewage slop, and different sorts
of industrial waste, among others. However, the excessive use of synthetic fertilizers has led to the
contamination of groundwater as well as surface water. Consequently, strict government regulations on the
manufacturing and commercialization of fertilizers are required for their usage in a manner that minimizes their
potential hazard on the environment, humans, and animals.
3.5.1.1. North America

3.5.1.1.1. U.S. EPA
The EPA regulates fertilizers derived from sewage sludge, domestic seepage, as well as industrial wastes.
Domestic seepage i.e., biosolids are prepared by treating residuals obtained after wastewater treatment and are
considered beneficial for the soil and plant growth. After extensive research for several years, it has been proven
Agrochemicals that the crops grown using biosolids are safe for consumption by humans. Thus, the U.S. Food and Drug
Market Administration (FDA), Department of Agriculture and EPA jointly issued a policy statement in 1981, regulating
the usage of biosolids for producing vegetables and fruits. Again, in 1984, EPA issued another policy statement,
Global Opportunity
Analysis and Industry encouraging the use of biosolids for agricultural practices. In 1991, EPA co-endorsed an interagency policy
Forecast, 2019-2026 regarding the benefits of using biosolids in agriculture.
69
Furthermore, in 1996, the National Research Council (NRC) of the National Academy of Sciences reported that
the hazards on crops, environment, and consumers posed by fertilizers can be minimized by using fertilizers in
accordance with the federal guidelines and regulations. The use of biosolids supports the idea of sustainable
agriculture, prevents pollution, and enhances water quality.
3.5.1.1.2. AAPFCO (Associations of American Plant Food Control Officials)
The aim of AAPFCO is to represent BMP (Best Management Practices) for fertilizers. The Security Checklist and
Audit is a quick guideline for the evaluation of basics for application of plant fertilizers such as product handling,
blending, equipment, security, and storage.
All the states in the U.S., Canada, and Puerto Rico have their own regulatory programs for fertilizers. AAPFCO is
actively involved in administering fertilizers laws and regulations. The main objectives of AAPFCO are:
• Promoting effective and uniform legislation including ruling, definitions, and other enforcements
practices.
• To encourage and sponsor the adoption of adequate and effective sampling techniques and analytical
methods for fertilizers.
• To promote proper use and labelling of fertilizers.
Agrochemicals • To provide facilities and opportunities for discussion and exchange of information among the members
Market of the association regarding the problems in the industry.
Global Opportunity • To cooperate with the members of the industry for promoting effective and safe use of fertilizers, and
Analysis and Industry protection of water and soil resources.
Forecast, 2019-2026
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3.5.1.1.3. State Regulations for fertilizers:
State regulations for fertilizers are generally created and managed by agricultural departments of particular
states. These regulations mainly address the efficacy claims of the A.I. (active ingredients) and composition
statements mentioned on the fertilizer labels. Furthermore, majority of the states have regulations similar to the
AAPFCO model. The AAPFCO model forbids the usage of “adulterated" fertilizers. As indicated by the AAPFCO
model, no individual is allowed to distribute fertilizer products containing lethal or hazardous substance in an
amount that can injure or harm beneficial animals, vegetation, aquatic life, humans, water, or soil when utilized
in accordance with directions mentioned on the label.
State-specific initiatives for the regulation of fertilizers are included below:

• The State of Washington: Washington was the first state that constituted a legislation for regulating the
contaminants present in the fertilizers. The 1998 Washington’s Safe Fertilizers Act regulates the need for
conducting tests on the contaminants present in the fertilizer, their labeling, registration, as well as the
contaminant standards.
• The State of Texas: A new regulation for fertilizers, similar to the one in Washington, was passed in
1988, mainly for the administration of contaminants present in fertilizers. This regulation was based on
the EPA §503 standards.
Agrochemicals • The State of California: New labels were prepared by CalEPA and CDFA for the characterizing acceptable
levels of calcium, lead, and arsenic present in the fertilizers. This characterization was based on the
Market agricultural practices and soil of California.
Global Opportunity • In Pennsylvania: The Pennsylvania Department of Agriculture made it necessary for fertilizer
manufacturers to provide all the information regarding the testing data, as well as the approval of their
Forecast, 2019-2026
registration by the Department of Environmental Protection. This regulation was for all the fertilizer
products prepared using industrial waste residues.
71
3.5.1.2. Europe
• European Union Legislation
• EC Regulation 2003/2003: EU regulates the commercialization of fertilizers that are designated as “EC
fertilizers”, containing provisions for labeling and packaging of fertilizers. Any fertilizer under the label
EC fertilizer could freely circulate in the European market
• EC fertilizers: The EC regulation is only limited to the mineral fertilizers that contain one or more plant
nutrients. All other fertilizers are regulated in accordance with individual legislations of EU nations. The
Annex I of the regulation lists all the types of fertilizers according to their specific characteristics
• The fertilizers must satisfy all the following criteria to be designated as “EC fertilizer”:
• It must not affect the humans, animals, plants, and the environment adversely when used under normal
conditions
• The fertilizer should be effective
• Information regarding sampling method and any relevant analysis must be provided
• EU Regulation 463/2013: This regulation was an amendment to the EU Fertilizer Regulation 2003/2003.
It was issued on May 17, 2003 and came into effect on June 7, 2014
• Commission Implementing Regulation (EU) No 400/2014: This regulation was for the amendment of the
coordinated multiannual control program of the Union for 2015, 2016 and 2017 to ensure compliance
Agrochemicals with maximum residue levels of pesticides and to assess the consumer exposure to pesticide residues in
Market and on food of plant and animal origin
Global Opportunity
Forecast, 2019-2026
72
3.5.1.3. Asia-Pacific
3.5.1.3.1. Regulatory Framework in India
In 1977, a Retention Price Scheme (RPS) was introduced by the Government of India (GOI), regarding the prices
of nitrogen containing fertilizers. This act enabled the farmers to buy fertilizers at affordable rates. Several
fertilizer industries were de-licensed after the introduction of National Industrial Fertilizer Policy in 1992. This
policy helped in setting up several manufacturing units across the nation. Moreover, the Department of
Agriculture and Cooperation (DCA) loosened the regulation of N, P, and K fertilizers after 1992.
The investments in the fertilizer industry increased because of the introduction of RPS; however, DCA was unable
to provide enough incentives necessary to achieve the required efficiency for the industry. As a result of this,
the New Pricing Scheme (NPS) Stages I-III for Urea Units was introduced by Expenditure Reforms Commission
(ERC) in 2003 to replace the existing RPS.
3.5.1.3.2. Fertilizer Control Order (FCO)

Established in 1957, the Fertilizer Control Order is based on the Essential Commodities Act of 1955. FCO
provided the GOI with the authority to manage all the fertilizer trade, including its manufacturing, distribution,
pricing, and export as well as import activities. FCO registration is necessary for all the fertilizer manufacturers
Agrochemicals to obtain product approval for its commercialization.
Market
Global Opportunity
Forecast, 2019-2026
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The major stipulations of FCO are:
• The registration of products for all fertilizer manufacturers, dealers, and importers is compulsory
• The fertilizer’s content should be properly specified, including imported fertilizers
• Appointment of enforcement agencies
• Establishing quality control laboratories for conducting tests on fertilizer samples obtained from
respective dealers
3.5.1.3.3. Food and Fertilizer Technology Center (FFTC) Management

FTFC acts as a regional information center in the Asia-Pacific region that collects, exchanges, disseminates
information regarding several modern and practical technologies, including the full spectrum of small farm
needs as well as activities relevant to a particular region. The FFTC serves countries such as Korea, China,
Thailand, Australia, Japan, the Philippines, Indonesia, Vietnam, Taiwan, and Malaysia.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
74
3.5.2. Global Pesticides Regulations
3.5.2.1. U.S.
3.5.2.1.1. Environment Protection Agency (EPA)
Along with international organizations, other U.S. agencies, foreign governments, and stakeholders, the EPA
focuses on several pesticide programs, ensuring the protection of human health as well as the environment.
The EPA also enhances regulatory efficiency all across the globe by imparting scientific and technical expertise
to the international community, benefiting the cultivators, consumers, as well as industry stakeholders. It also
enables fair competition, maintains strict safety standards, and minimizes the pesticide-related trade barriers.
This helps importers, exporters, and cultivators in enhancing administrative requirements for pesticides.
The U.S. EPA regulates all pesticides under the broad authority granted by the Federal Insecticide, Fungicide
and Rodenticide Act (FIFRA) and the Food, Drug and Cosmetic Act (FFDCA). Both these acts were amended in
1966 by the Food Quality Protection Act (FQPA). The FPQA mandates “a reasonable certainty of no harm” from
pesticide exposure.
3.5.2.1.2. Federal Insecticide, Fungicide, and Rodenticide Act

The Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) was enacted in 1947 to provide federal
Agrochemicals regulation on the distribution, sale, and use of pesticides. According to FIFRA, all the pesticides must be
Market registered by EPA for distribution or sake in the U.S. For registering any pesticide under FIFRA, the applicant
Global Opportunity must prove that the pesticide "will not generally cause unreasonable adverse effects on the environment”, when
Analysis and Industry used according to the given specifications. The FIFRA was amended in 1988 to accelerate the reregistration of
Forecast, 2019-2026
products containing active ingredients registered before November 1, 1984.
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3.5.2.1.3. Food Quality Protection Act of 1996
The Food Quality Protection Act of 1996 was passed on August 3, 1996 to amend the FIFRA and Federal Food
Drug and Cosmetic Act (FFDCA). According to this act, tolerance reassessment was done for chemicals that have
tolerances and are undergoing reregistration. FQPA also mandated health based standards for pesticides that
are used in foods, focusing mainly on the protection of infants, restructured the approval of safe pesticides, and
established incentives for creating safer pesticides.
3.5.2.2. International
Similar to the case with fertilizers, nations have different regulations, and legal limits for pesticides too. For
instance, various countries, including the U.S., regulate the amount of pesticide to be used for different types
of crops. In addition, this limit on pesticide usage differs from region to region. Thus, importers should contact
the regional office of the EPA for any pesticide related query:
• Tolerance of pesticide (i.e., pesticide residue limits) allowed by the U.S. EPA.
• Determining pesticide residue limits in other countries through the U.S. Department of Agriculture’s
Foreign Agriculture Service (USDA/FAS).
• Various other international agencies responsible for pesticide regulations are:
Agrochemicals • Pest Management Regulatory Agency (PMRA) in Canada.

Market • Food and Agriculture Organization (FAO) of the United Nations.
• World Health Organization (WHO) worldwide.
Global Opportunity
Analysis and Industry • United Kingdom Chemicals Regulations Directorate
Forecast, 2019-2026
76
3.6. Market dynamics
FIGURE 10. ALUMINUM MARKET DYNAMICS
Restraints Drivers
Environmental & Health Soil Erosion/ Degradation

Concerns
Increasing population base

along with rising demand for
Lack of education & food
awareness among farmers
Growing awareness among

end-users regarding the
benefits of agrochemicals
Lack of an efficient
distribution system
Limited Agricultural Land
High Losses in the post-

harvest crops Conservation of genetic
material of endangered plant
Agrochemicals species
Market
Global Opportunity
Forecast, 2019-2026
77
3.6.1. Drivers
3.6.1.1. Increasing population base along with rising demand for food
The agrochemicals market is controlled by various factors of the farming industry. These factors include
economic and social factors like labor, market, capital and technology, and global market competition. The
demand for food is increasing gradually owing to the increasing population worldwide. The demand for food
is expected to rise globally in accordance with the increasing population. According to several studies, the global
population is expected to increase by 35% from 2007 to 2050. This is where agrochemicals play a pivotal role
in sufficing the ever-increasing demand for food. Agrochemicals amplify the production capacity of crops and
give them protection through chemicals like pesticides, fertilizers, soil conditioners, and acidifying agents. These
factors contribute to the growth of agrochemicals market across the globe. As the growing population
accelerates the demand for food, utilization of agrochemicals also elevates and expands the market for
agrochemicals.
3.6.1.2. Soil erosion/degradation

An increase in the transformation of forests into grazing lands and plantation areas has been witnessed. This is
a result of elevating needs of agricultural artefacts. During the transformation of forests into agricultural lands
the topsoil is eroded which adversely affects the soil quality. This has a major impact on the farming processes
Agrochemicals
as the farming activities require maximum organic compounds and appropriate soil fertility which is present in
Market
the topsoil. The movement of the topsoil makes the soil vulnerable changing the structural component of the
Global Opportunity soil including the organic compound content, soil salinity, and fertility.
Forecast, 2019-2026
78
Soil treatment includes agrochemicals that condition the soil to improve its fertility. Such agrochemicals improve
the ability of soil to contain water and oxygen. These include manure and waste materials like shredded
newspapers and wastewater sludge. Compost is considered the most suited agrochemical for treating soil. It
offers advantages like maintaining soil acidity or alkalinity and sufficient supply of the nutrients necessary for
plant growth. Agrochemicals also include liming and acidifying agents that prevent the soil from excessive
salinity or alkalinity. Hence, agrochemicals bear a critical role of maintaining the structural component of soil
improving the productivity and the yield of the crop.
3.6.1.3. Growing awareness among end-users regarding the benefits of agrochemicals

Agrochemicals offer an array of agricultural solutions which have helped the farming industry. These chemicals
have played a crucial role in enhancing the crop productivity and improving the yield quality since decades.
Agrochemicals are not restricted to just the farming industry but also are utilized in the animal husbandry.
Livestock is subjected to agrochemicals through antibiotics and hormones, which helps in prevention of diseases
and increase in the capacity of production respectively. Thus, agrochemicals cover a large market of the
agriculture industry and awareness about them becomes a necessity. The consumer or end-user awareness
regarding the use of agrochemicals, their disposable and their environmental effects, both positive and
negative; are significant aspects affecting the agrochemicals market.
Agrochemicals
Market Agrochemicals offer both advantages and disadvantages, which is why a standard method should be
implemented to use these chemicals. Researchers across the globe are finding alternatives to the hazards
Global Opportunity
Analysis and Industry caused by the agrochemicals constructed purely from chemicals.
Forecast, 2019-2026
79
This has led to transposition of chemical methods to non-chemical methods to produce agrochemicals. The
research carried worldwide spreads concern about the benefits of agrochemicals used considering safety issues.
This awareness has enhanced the growth of the agrochemicals market with respect to the production and
disposal of agrochemicals.
3.6.1.4. Limited agricultural land

The major concern of today’s farming industries is the availability of land for agriculture. The exploitation of
natural resources like land creates a pressure on land resources, thereby having a direct effect on the crop
production, land quality, and land quantity. Such natural resources are restricted in their availability, whereas
human needs are not. Agricultural lands should possess qualities like arability and fertility suitable for farming,
which further narrows down the lands accessible for the same. The expanding population is also another key
concern which has a major effect on the lands. With the increase in population, the demand for food also
increases, inducing strain on the land resources.
The increment in industrialization and urbanization engages many land resources leaving very limited of them
for farming. Hence, new land-management systems are required which can provide solutions to the scarcity of
lands. All the above-mentioned concerns are eliminated with the use of agrochemicals expanding the market
Agrochemicals for agrochemicals. Agrochemicals improve the soil fertility increasing the crop productivity per acre of the land.
Market This benefits the supply of food worldwide even if less land is available, proving to be a boon to the agricultural
industry.
Global Opportunity
Forecast, 2019-2026
80
3.6.1.5. Conservation of genetic material of endangered plant species
The agricultural industry is a vast industry including cash crops like sugarcane and tobacco; food crops like
wheat and maize; plantation crops like coffee and coconut and horticulture crops like fruits. Apart from this,
there are many plant species, which are on the verge of becoming extinct. Hence, it is also important to protect
the flora across the globe. Some of the endangered species worldwide include, Western Prairie Fringed Orchid,
Rafflesia Flower, Georgia Aster, Wiggin's Acalypha, Texas Wild Rice, Howell's Spectacular Thelypody, Stenogyne
Kanehoana, Ouachita Mountain Goldenrod, Enrubio, and Arizona Agave.
These plant species have reached the zone of extinction due to overgrazing, development, extensive
construction and inadequate water and nutrient supply. Agrochemicals contribute in increasing the nutrient
content of the soil and accelerating the growth of such plant species in the land available. A number of factors
affect the genetic material of plant species which in turn affects the productivity. The environmental and social
circumstances can cause mutations in the existing genetic characteristics with respect to genotype and
phenotype of a respective plant. Agrochemicals thus help conserve the endangered plant species worldwide by
providing adequate nutrient favoring the growth of these plant species.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
81
3.6.2. Restraints
3.6.2.1. Environmental and health concerns related to the use of agrochemicals
The major downside of using agrochemicals is their side effects. Any chemical used for prolonged time and at
a high dose can result in detrimental effects on the environment. This is the key constraint of the agrochemicals
industry. Agrochemicals get absorbed in the land and water bodies when used repetitively. This causes residual
collection of these chemicals in the soil, decreasing its nutrient content. The major effects of agrochemicals on
the soil include increased nitrate content, changed pH levels, and unnatural growth effects due to chemicals.
The diffusion of agrochemicals in the water bodies enhances the growth of algae which poses a hazard to the
consumers in that area. The consumption of such chemicals, especially pesticides, has severe impact on human
health, resulting in the spread of various diseases like asthma and affecting the livestock that consumes fodder
subjected to agrochemicals. This is a key concern as the residual agrochemicals enter the food chain and affect
many organisms including human beings.
3.6.2.2. Lack of education and awareness among farmers

The lack of knowledge and understanding regarding the effects of agrochemicals on the environment
culminates into uncertain disadvantages. Every chemical has a threshold dose, above which the chemical poses
Agrochemicals threat to the environment. Similarly, agrochemicals have a threshold dosage above which, if used excessively,
Market they accumulate in the environment, forming residues. Farming practices play a very important role in the crop
Global Opportunity productivity. Unsystematic utilization of agrochemicals, especially pesticides in farming, was witnessed in the
Analysis and Industry past few years. The endosulfan content in the vegetables has an adverse impact on consumer health.
Forecast, 2019-2026
82
This has resulted in outlawing many agrochemicals that have the potential to damage the ecosystem. The U.S
Environmental Protection Agency (EPA) has a registration process through which a pesticide is examined by its
constituents, the targeted field it will be used on, targeted crops, dosage of its use, and the duration of its use.
This gives a clear perspective on the use of agrochemicals instead of their complete termination, which further
affects the market for agrochemicals. Hence, knowledge about the use of the right agrochemical for the right
crop is essential.
3.6.2.3. Lack of an efficient distribution system

Distribution of agrochemicals is a crucial step in the agrochemicals market. Thus, the distribution system of
agrochemicals must be well organized. Easy access to hazardous chemicals like pesticides (endosulfan) is a
major growing concern. The impact of such chemicals on the environment is well known, in-spite of which
increasing utilization of such chemicals leads to unstoppable circulation of these chemicals and keeps them
active in the environment.
Continuous research is taking place in the field of agrochemicals producing new agrochemicals which can be
environment compatible. However, the distribution of innovative agrochemicals to the end-users is inadequate
which results in utilization of existing chemicals leaving the later unexplored. Proper distribution of
Agrochemicals agrochemicals will ensure the expansion of the agrochemicals market and a situation otherwise can cause
Market hindrance to the growth of the same.
Global Opportunity
Forecast, 2019-2026
83
3.6.2.4. High losses in the post-harvest of crops
The production of crops grown for human consumption suffer the major obstacles of damage caused by pests.
Majority of losses occurring in the crop productivity is due to improper protection from pests. These losses can
be covered using proper protection method like pesticides. However, the extensive use of agrochemicals and
its high doses can result in damage to the structural component of the crops. The post-harvest phase of a crop
production includes the packaging, cleaning and sorting of the crops following harvest. This is done to increase
the shelf life of the crops.
Excessive use of pesticides results in accumulation of chemicals in the plant affecting the crop quality. The
increasing concentration of chemicals induces toxicity in the crop yield making it unfit for human consumption.
This toxicity also affects the yield quality and quantity contributing to the losses of crop every year. It affects
the shelf life of the crops in turn decreasing the production and distribution of crops.
Especially pesticides like DDT (Dichlorodiphenyltrichloroethane) and their derivatives remain active in the
environment for years sustaining the toxicity in plants making it one of the biggest pitfall of agrochemicals
market.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
84
3.6.3. Opportunities
3.6.3.1. Continuous development and production of novel ecofriendly agrochemicals
The harmful effects of synthetic fertilizers and pesticides on the environment as well as human health have
raised a concern regarding their use. Considering the current global population, it is not possible for the farmers
to completely cut off the use of fertilizers as they are essential for meeting the rising food demands. Moreover,
governments are actively regulating the production and usage of synthetic agrochemicals, putting ban of
certain chemicals and setting their maximum usage limits. Thus, there is a desperate need to produce bio-based
agrochemicals, in order to minimize the hazardous effects of synthetic agrochemicals.
Bio-based agrochemicals, being a new arena, have considerably less regulatory approval requirements than the
synthetic ones. In addition, people are also more inclined towards using bio-based products. This inclination
towards bio-based technologies can more be seen in the Asia-Pacific region. Furthermore, the benefits of bio-
based agrochemicals such as low toxicity, less chances of crops developing resistance against them, high
specificity, and high efficiency also make them more attractive. Thus, numerous opportunities exist in the market
for the development of new environment friendly agrochemicals.
3.6.3.2. Rising disposable income and increased spending on improving the quality of crops
Agrochemicals As the disposable income is increasing in some developed and developing nations, the farmers are spending
Market more on improving the quality of crops. This increased spending is a result of the rising demand for quality
Global Opportunity food. The rising disposable income has rendered the farmers more capable of adopting new ways that can
Analysis and Industry increase the quality and quantity of their crops. Thus, growth opportunities exist in the market as the spending
Forecast, 2019-2026
on agrochemicals has increased.
85
CHAPTER 4: AGROCHEMICALS MARKET, BY TYPE
4.1. Overview
Based on the type of agrochemicals, the global market is segmented into two major segments, i.e., fertilizers
and pesticides. Agrochemicals are a mixture of three basic nutrients, nitrogen (N), potassium (K), and
phosphorus (P). These three nutrients are combined in different proportions along with other nutrients to fulfill
the nutrient profile of a particular type of soil. Agrochemicals include a broad range of specifically engineered
chemical products as well as bio-based formulations. Bio-based pesticides and fertilizers are gradually replacing
the synthetic agrochemicals. Their environment friendly nature makes them more attractive and safer for use
than chemical based agrochemicals. Fertilizers are applied to crop in order to increase the crop productivity as
they provide all the essential nutrients for growth. Pesticides are used to protect the crops from harmful weeds
such as fungi, insects, rodents, and similar others.
FIGURE 11. GLOBAL AGROCHEMICALS MARKET, BY TYPE, 2018-2026 ($MILLION)
2018 2026
231,199.3
250,000.0
200,000.0 174,172.0
Agrochemicals 105,176.1
Market 150,000.0
100,000.0 67,456.9
Global Opportunity
50,000.0
Forecast, 2019-2026 0.0
Fertilizer Pesticide
86
Fertilizer was the highest contributor to the global agrochemicals market revenue with $174,172.0 million in
2018 and is estimated to reach $231,199.3 million by 2026 growing at a CAGR of 3.6% from 2019 to 2026.
Pesticide is estimated to reach $105,176.1 million by 2026 with a CAGR of 5.7%.
TABLE 01. GLOBAL AGROCHEMICALS MARKET, BY TYPE, 2018-2026 ($MILLION)

BY
CAGR
AGROCHEMICAL 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
S TYPE
Fertilizer 174,172.0 180,899.7 188,087.0 195,749.6 203,892.0 210,441.8 217,476.6 224,397.4 231,199.3 3.6%
Pesticide 67,456.9 71,414.1 75,715.2 80,410.1 85,566.3 90,082.2 94,997.9 100,027.5 105,176.1 5.7%
Total 241,628.9 252,313.8 263,802.2 276,159.7 289,458.3 300,524.0 312,474.4 324,424.9 336,375.4 4.2%
Fertilizer was the highest contributor to the global agrochemicals market volume with 212,778.2 kilotons in
2018 and is estimated to reach 249,181.2 kilotons by 2026 growing at a CAGR of 2.0% from 2019 to 2026.
Pesticide is estimated to reach 4,082.0 kilotons by 2026 with a CAGR of 4.4%.
TABLE 02. GLOBAL AGROCHEMICALS MARKET, BY TYPE, 2018-2026 (KILOTONS)

BY
CAGR
Agrochemicals AGROCHEMICAL
S TYPE
2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
Market Fertilizer 212,778.2 217,381.0 222,371.3 227,754.9 233,515.7 237,302.6 241,510.9 245,466.6 249,181.2 2.0%
Global Opportunity Pesticide 2,890.3 3,019.6 3,160.3 3,314.0 3,483.2 3,622.6 3,774.8 3,928.0 4,082.0 4.4%
Forecast, 2019-2026 Total 215,668.5 220,400.6 225,531.6 231,069.0 236,998.9 240,925.2 245,285.7 249,394.6 253,263.2 2.0%
87
4.2. Fertilizers
Fertilizers are chemical formulations that are used to improve the crop productivity by providing essential
nutrients to the soil. The application of fertilizers improves the crop yield and quality of food, and promote the
growth of the plant. The major nutrients present in the fertilizers are categorized into micronutrients and
macronutrients. N, K, and P are macronutrients that are essential for the growth of the plant. All other nutrients
are micronutrients that are required by the plants in small amounts. Commercial fertilizers are applied to plants
or soil as supplements when the soil is not able to provide the required amount of nutrients naturally. Based on
their composition and production process, fertilizers can be classified as synthetic fertilizers or biofertilizers.
Synthetic fertilizers can be further categorized based on their nutrient supplement as nitrogenous, phosphatic,
and potassic.
4.2.1. Market size and forecast, by fertilizers type

The synthetic fertilizers segment of the agrochemicals market is expected to be valued at $172,509.0 million in
2018, and is projected to reach $227,739.0 million by 2026. The biofertilizers segment of the agrochemicals
market is expected to grow at the CAGR of 8.9% during the forecast period.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
88
TABLE 03. AGROCHEMICALS MARKET FOR FERTILIZERS, BY TYPE 2018–2026 ($MILLION)
BY
CAGR
FERTILIZER 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
TYPE
Synthetic
172,509.0 178,999.8 185,967.7 193,425.8 201,364.4 207,688.5 214,494.6 221,179.9 227,739.0 3.5%
Fertilizers
Biofertilizer
1,663.0 1,899.9 2,119.3 2,323.7 2,527.6 2,753.3 2,981.9 3,217.5 3,460.2 8.9%
s
Total 174,172.0 180,899.7 188,087.0 195,749.6 203,892.0 210,441.8 217,476.6 224,397.4 231,199.3 3.6%
Synthetic fertilizer was the highest contributor to the global agrochemicals market volume with 212,102.1
kilotons in 2018 and is estimated to reach 247,139.5 kilotons by 2026 growing at a CAGR of 1.9% from 2019 to
2026. Biofertilizers is estimated to reach 2,041.7 kilotons by 2026 with a CAGR of 13.8%.
TABLE 04. GLOBAL AGROCHEMICALS MARKET FOR FERTILIZERS, BY TYPE, 2018-2026 (KILOTONS)
BY
CAGR
FERTILIZER 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
TYPE
Synthetic
212,102.1 216,553.9 221,385.9 226,602.8 232,188.0 235,804.6 239,834.9 243,609.3 247,139.5 1.9%
Fertilizers
Agrochemicals Biofertilizers 676.1 827.1 985.4 1,152.1 1,327.6 1,498.0 1,676.0 1,857.3 2,041.7 13.8%
Market
Total 212,778.2 217,381.0 222,371.3 227,754.9 233,515.7 237,302.6 241,510.9 245,466.6 249,181.2 2.0%
Global Opportunity Source: AMR Analysis
Forecast, 2019-2026
89
4.2.2. Market size and forecast, by region
Asia-Pacific was the highest contributor to the global agrochemicals market revenue with $101,966.2 million in
LAMEA is estimated to reach $23,506.5 million by 2026 with a CAGR of 5.3%.
TABLE 05. AGROCHEMICALS MARKET FOR FERTILIZERS, BY REGION 2018–2026 ($MILLION)
BY CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
REGION (2019 - 2026)
North
23,694.7 24,287.1 24,930.8 25,614.1 26,335.0 26,837.1 27,389.2 27,917.2 28,422.0 2.3%
America
Europe 32,995.4 34,292.3 35,711.7 37,232.1 38,875.9 40,205.6 41,638.4 43,054.7 44,441.6 3.8%
Asia-
101,966.2 105,919.6 110,090.7 114,531.2 119,226.4 122,984.1 127,005.8 130,943.1 134,829.2 3.5%
Pacific
LAMEA 15,515.7 16,400.8 17,353.8 18,372.3 19,454.7 20,414.9 21,443.1 22,482.4 23,506.5 5.3%
Total 174,172.0 180,899.7 188,087.0 195,749.6 203,892.0 210,441.8 217,476.6 224,397.4 231,199.3 3.6%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
90
Asia-Pacific was the highest contributor to the global agrochemicals market volume with 130,833.1 kilotons in
LAMEA is estimated to reach 23,281.4 kilotons by 2026 with a CAGR of 3.8%.
TABLE 06. GLOBAL AGROCHEMICALS MARKET FOR FERTILIZERS, BY REGION, 2018-2026 (KILOTONS)
BY CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
REGION (2019 - 2026)
North
27,768.1 28,057.2 28,396.6 28,771.2 29,177.2 29,333.1 29,538.8 29,713.4 29,859.1 0.9%
America
Europe 37,010.5 37,710.4 38,515.5 39,397.0 40,374.0 40,995.2 41,697.4 42,358.8 42,968.8 1.9%
Asia-
130,833.1 133,729.5 136,805.1 140,114.8 143,630.4 145,927.6 148,465.4 150,831.7 153,071.8 1.9%
Pacific
LAMEA 17,166.5 17,884.0 18,654.1 19,472.0 20,334.2 21,046.7 21,809.3 22,562.8 23,281.4 3.8%
Total 212,778.2 217,381.0 222,371.3 227,754.9 233,515.7 237,302.6 241,510.9 245,466.6 249,181.2 2.0%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
91
4.2.3. Synthetic Fertilizers
Synthetic fertilizers are chemical formulations containing a single or all three types of macronutrients. Synthetic
fertilizers can be further segmented into nitrogenous, phosphatic, and potassic fertilizers based on the base
nutrient they provide to the plant or soil on application. The use of synthetic fertilizers is prevalent in the
agriculture industry since a long time; however, due to the harmful effects of synthetic chemical fertilizers on
plants, water bodies, and humans, they are now being replaced by biofertilizers.
4.2.3.1. Market size and forecast, by synthetic fertilizers type

The nitrogenous fertilizers segment of the agrochemicals market was valued at $110,356.6 million in 2018, and
is projected to reach $141,322.3 million by 2026. The phosphatic segment of the agrochemicals market is
expected to grow at the CAGR of 4.3% during the forecast period.
TABLE 07. AGROCHEMICALS MARKET FOR SYNTHETIC FERTILIZERS, BY TYPE 2018–2026 ($MILLION)
BY
SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
FERTILIZER (2019 - 2026)
TYPE
Nitrogenou
110,356.6 114,093.5 118,098.4 122,370.6 126,890.1 130,382.9 134,138.3 137,785.6 141,322.3 3.1%
s
Agrochemicals Phosphatic 37,915.8 39,616.8 41,458.6 43,464.3 45,622.3 47,405.0 49,333.3 51,257.2 53,174.9 4.3%
Market Potassic 24,236.6 25,289.5 26,410.7 27,591.0 28,852.1 29,900.5 31,023.0 32,137.1 33,241.8 4.0%
Global Opportunity Total 172,509.0 178,999.8 185,967.7 193,425.8 201,364.4 207,688.5 214,494.6 221,179.9 227,739.0 3.5%
Forecast, 2019-2026 Source: AMR Analysis
92
Nitrogenous fertilizers was the highest contributor to the global agrochemicals market volume with 126,384.6
2026. phosphatic is estimated to reach 59,246.5 kilotons by 2026 with a CAGR of 2.3%.
TABLE 08. GLOBAL AGROCHEMICALS MARKET FOR SYNTHETIC FERTILIZERS, BY TYPE, 2018-2026 (KILOTONS)
BY
SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
TYPE
Nitrogenous 126,384.6 128,516.3 130,851.3 133,389.6 136,118.6 137,671.5 139,447.4 141,056.0 142,505.4 1.5%
Phosphatic 49,293.2 50,525.9 51,856.0 53,285.5 54,811.7 55,881.4 57,056.2 58,177.2 59,246.5 2.3%
Potassic 36,424.3 37,511.6 38,678.6 39,927.7 41,257.7 42,251.7 43,331.2 44,376.2 45,387.5 2.8%
Total 212,102.1 216,553.9 221,385.9 226,602.8 232,188.0 235,804.6 239,834.9 243,609.3 247,139.5 1.9%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
93
4.2.3.2. Market size and forecast, by region
TABLE 09. AGROCHEMICALS MARKET FOR SYNTHETIC FERTILIZERS, BY REGION 2018–2026 ($MILLION)
BY CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
REGION (2019 - 2026)
North
23,613.5 24,198.1 24,834.8 25,511.8 26,226.5 26,722.8 27,268.9 27,790.8 28,289.5 2.3%
America
Europe 32,868.3 34,152.1 35,559.1 37,067.7 38,699.4 40,015.0 41,433.9 42,835.9 44,208.1 3.8%
Asia-
100,593.5 104,342.4 108,324.9 112,589.7 117,110.5 120,674.8 124,500.5 128,235.9 131,913.9 3.4%
Pacific
LAMEA 15,433.7 16,307.2 17,249.0 18,256.7 19,328.0 20,275.9 21,291.4 22,317.3 23,327.5 5.2%
Total 172,509.0 178,999.8 185,967.7 193,425.8 201,364.4 207,688.5 214,494.6 221,179.9 227,739.0 3.5%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
94
TABLE 10. GLOBAL AGROCHEMICALS MARKET FOR SYNTHETIC FERTILIZERS, BY REGION, 2018-2026 (KILOTONS)
BY CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
REGION (2019 - 2026)
North
27,736.1 28,019.7 28,353.3 28,721.9 29,121.7 29,271.9 29,471.6 29,640.2 29,780.0 0.9%
America
Europe 36,962.4 37,653.8 38,450.0 39,322.1 40,289.2 40,900.9 41,593.2 42,244.4 42,844.2 1.9%
Asia-
130,270.5 133,037.4 135,977.5 139,144.5 142,510.0 144,661.7 147,047.5 149,259.3 151,342.1 1.9%
Pacific
LAMEA 17,133.1 17,843.0 18,605.1 19,414.3 20,267.1 20,970.1 21,722.6 22,465.5 23,173.2 3.8%
Total 212,102.1 216,553.9 221,385.9 226,602.8 232,188.0 235,804.6 239,834.9 243,609.3 247,139.5 1.9%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
95
4.2.4. Nitrogenous
Nitrogenous fertilizers are the most common form of fertilizers and are essential for plant growth, as nitrogen
is required by the plant for producing chlorophyll and cellulose. Nitrogen is important for stimulating
chloroplasts present in plant cells and is majorly responsible for carrying out photosynthesis. Nitrogen-deficient
plants turn yellow and die eventually with time. The application of nitrogenous fertilizers is necessary for healthy
crops. For example, wheat crops have low nitrogen content and require nitrogenous fertilizers for growing at
an increased rate.
Plants that are provided nitrogenous fertilizers for their growth tend to exhibit better texture and color. The
content of nitrogen present in the soil is an important factor that needs to be examined as its deficiency and
excess, both can harm the crops. Scarcity of nitrogen can result in low crop yield and quality, and decline in soil
fertility. Excess of nitrogen present in the soil can overstimulate the growth of algae and aquatic plants, harming
water bodies causing eutrophication and subsequent death of water bodies. Nitrogenous fertilizers are mainly
mixed into the soil as they are absorbed by the plants easily through their roots. Nitrogenous fertilizers are
classified as urea, ammonia, calcium ammonium nitrate, and other nitrogenous fertilizers. Urea is the most
commonly used nitrogenous fertilizer, followed by calcium ammonium nitrate.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
96
4.2.4.1. Market size and forecast, by nitrogenous fertilizers type
The urea fertilizers segment of the agrochemicals market is expected to be valued at $58,498.9 million in 2018,
and is projected to reach $71,402.6 million by 2026. The ammonia segment of the agrochemicals market is
TABLE 11. AGROCHEMICALS MARKET FOR NITROGENOUS FERTILIZERS, BY TYPE 2018–2026 ($MILLION)
BY
CAGR
NITROGENOU 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
S FERTILIZER
Urea 58,498.9 60,145.9 61,895.2 63,755.7 65,697.5 67,104.9 68,616.7 70,049.4 71,402.6 2.5%
Ammonia 6,920.3 7,513.5 8,152.3 8,841.6 9,589.7 10,272.4 11,005.0 11,753.7 12,517.3 7.6%
Calcium
Ammonium 9,949.1 10,507.1 11,092.7 11,719.4 12,407.5 12,990.9 13,620.7 14,254.1 14,890.2 5.1%
Nitrate
Other
Nitrogenous 34,988.3 35,926.9 36,958.2 38,053.8 39,195.3 40,014.7 40,895.9 41,728.4 42,512.2 2.4%
Fertilizers
Total 110,356.6 114,093.5 118,098.4 122,370.6 126,890.1 130,382.9 134,138.3 137,785.6 141,322.3 3.1%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
97
Urea fertilizer was the highest contributor to the global agrochemicals market volume with 70,407.5 kilotons in
Ammonia is estimated to reach 10,210.1 kilotons by 2026 with a CAGR of 5.2%.
TABLE 12. GLOBAL AGROCHEMICALS MARKET FOR NITROGENOUS FERTILIZERS, BY TYPE, 2018-2026 (KILOTONS)
BY
CAGR
NITROGENOU 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
S FERTILIZER
Urea 70,407.5 71,336.0 72,367.6 73,501.1 74,728.2 75,300.3 75,987.1 76,575.2 77,070.2 1.1%
Ammonia 6,757.2 7,161.0 7,586.8 8,036.2 8,509.7 8,920.1 9,353.2 9,783.4 10,210.1 5.2%
Calcium
Ammonium 11,423.9 11,821.1 12,244.4 12,694.9 13,172.4 13,543.3 13,942.0 14,329.7 14,706.5 3.2%
Nitrate
Other
Nitrogenous 37,795.9 38,198.3 38,652.6 39,157.5 39,708.3 39,907.7 40,165.1 40,367.7 40,518.6 0.8%
Fertilizers
Total 126,384.6 128,516.3 130,851.3 133,389.6 136,118.6 137,671.5 139,447.4 141,056.0 142,505.4 1.5%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
98
2018 and is estimated to reach $81,452.4 million by 2026 growing at a CAGR of 3.0% from 2019 to 2026. LAMEA
is estimated to reach $14,336.3 million by 2026 with a CAGR of 4.8%.
TABLE 13. AGROCHEMICALS MARKET FOR NITROGENOUS FERTILIZERS, BY REGION 2018–2026 ($MILLION)
BY CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
REGION (2019 - 2026)
North
15,181.8 15,504.5 15,857.0 16,229.5 16,620.8 16,872.1 17,152.0 17,414.1 17,659.2 1.9%
America
Europe 21,342.5 22,098.6 22,927.2 23,810.7 24,763.4 25,513.7 26,320.6 27,110.1 27,874.3 3.4%
Asia-
64,048.2 66,190.9 68,460.9 70,887.0 73,440.0 75,388.0 77,477.0 79,491.5 81,452.4 3.0%
Pacific
LAMEA 9,784.1 10,299.5 10,853.3 11,443.4 12,065.9 12,609.1 13,188.7 13,769.8 14,336.3 4.8%
Total 110,356.6 114,093.5 118,098.4 122,370.6 126,890.1 130,382.9 134,138.3 137,785.6 141,322.3 3.1%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
99
2018 and is estimated to reach 87,218.1 kilotons by 2026 growing at a CAGR of 1.4% from 2019 to 2026. LAMEA
is estimated to reach 13,428.8 kilotons by 2026 with a CAGR of 3.4%.
TABLE 14. GLOBAL AGROCHEMICALS MARKET FOR NITROGENOUS FERTILIZERS, BY REGION, 2018-2026 (KILOTONS)
BY CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
REGION (2019 - 2026)
North
16,627.8 16,731.2 16,863.1 17,014.1 17,181.8 17,200.9 17,248.3 17,276.5 17,287.3 0.5%
America
Europe 21,900.2 22,220.5 22,599.0 23,018.2 23,488.6 23,748.1 24,051.3 24,327.5 24,571.2 1.4%
Asia-
77,602.4 78,928.0 80,342.4 81,876.2 83,510.9 84,420.9 85,456.5 86,379.8 87,218.1 1.4%
Pacific
LAMEA 10,254.1 10,636.7 11,046.8 11,481.1 11,937.3 12,301.6 12,691.4 13,072.1 13,428.8 3.4%
Total 126,384.6 128,516.3 130,851.3 133,389.6 136,118.6 137,671.5 139,447.4 141,056.0 142,505.4 1.5%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
100
4.2.4.3. Urea
Urea is the most commonly used fertilizer and contains the highest percentage of nitrogen among all other
nitrogenous fertilizers owing to its easy application and ease in transportation. The chemical formula of urea is
CO (NH2)2 or NH2CO NH2 and it is also known as carbamide. One urea molecule is made up of a combination
of two NH2 groups by a functional group, (C=O). Urea is considered a great source of nitrogen and can be
applied to a variety of crops such as barley, wheat, rice, and maize. Urea is present in nature in the form of
animal excreta. On commercial scale, it is prepared using carbon dioxide and anhydrous ammonia. CO2 and
ammonia react in a high pressure, high temperature reactor to form carbamate. Carbamate then decomposes
to produce urea and water at low pressure.
4.2.4.4. Ammonia
The molecular formula of ammonia is NH3 and it is found in gaseous state under normal temperature and
pressure. Ammonia is applied directly to the soil using tanks or devices fixed to tractors containing liquefied
ammonia gas. Out of the total ammonia produced, 83% is used by the agriculture sector is different forms such
as in solutions, in the form of salts, or in anhydrous form.
When ammonia is applied to the soil in its anhydrous form, it readily mixes with water and is converted into
Agrochemicals ammonium ions (NH4+), which are then quickly absorbed by the plants. On a commercial level, ammonia is
Market produced by Haber-Bosch process. Ammonia converts into vapor form on leaving the tank and thus, to prevent
its loss into the atmosphere, ammonia is applied around 10cm to 20cm under the soil surface.
Global Opportunity
Forecast, 2019-2026
101
4.2.4.5. Calcium Ammonium Nitrate
Calcium ammonium nitrate (CAN) is an inorganic fertilizer and is also known as nitro-limestone or CAN-26 as it
has a nitrogen content of 26%. CAN is a mixture of ammonium nitrate and ground limestone. CAN is produced
in granular form in varying sizes depending on its application. It can be used almost for all the crops, along with
phosphatic and potassic fertilizers, and is widely used across the globe. It is manufactured by mixing powdered
limestone and ammonium nitrate solution. The color of the product depends on the type and amount of
limestone used during the manufacturing process. CAN consists of approximately 4% magnesium, 6% calcium,
and 20% nitrogen and can be applied to the crops using different application methods such as by drill,
broadcast, or fertigation.
4.2.4.6. Others
Other nitrogenous fertilizers include urea ammonia nitrate (UAN), nitric acid, nitrisol-Ca, calcinol, mikaramid,
ammonium sulfate, ammonium nitrate, and several others. A large number of nitrogenous fertilizers in different
physical and chemicals forms are available for use. Apart from other nitrogen-based fertilizers, UAN is also an
excellent fertilizer used for crops such as cotton, corn, and wheat. UAN contains both, slow-acting as well as
fast-acting components.
Agrochemicals 4.2.5. Phosphatic

Market Phosphatic fertilizers contain a high amount of phosphorus and are manufactured from phosphate rock.
Global Opportunity Phosphate rock is converted into phosphatic fertilizers by treating with sulfuric acid. Phosphorus is an important
Analysis and Industry nutrient essential for root formation as well as overall growth of the plant. Phosphorus is generally required by
Forecast, 2019-2026
the plants to carry out cell division, energy transfer, photosynthesis, and enlargement.
102
Phosphatic fertilizers are usually applied to young plants that are deficient in phosphorus and need supplements
for proper growth. Phosphorus is absorbed by plants in the form of orthophosphate ions such as H2PO4 and
HPO42-. Phosphatic fertilizers are further classified into DAP, MAP, TSP, and phosphatic fertilizers.
4.2.5.1. Market size and forecast, by phosphatic fertilizers type

The DAP segment of the agrochemicals market is expected to be valued at $12,153.1 million in 2018, and is
projected to reach $17,207.0 million by 2026. The TSP segment of the agrochemicals market is expected to
grow at the CAGR of 6.2% during the forecast period.
TABLE 15. AGROCHEMICALS MARKET FOR PHOSPHATIC FERTILIZERS, BY TYPE 2018–2026 ($MILLION)
BY PHOSPHATIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
(DAP) Di-
Ammonium 12,153.1 12,708.3 13,314.0 13,975.6 14,690.4 15,282.2 15,923.8 16,565.6 17,207.0 4.4%
Phosphate
(MAP) Mono-
Ammonium 9,324.3 9,940.8 10,616.8 11,348.8 12,134.9 12,850.1 13,620.5 14,409.2 15,215.6 6.3%
Phosphate
(TSP) Triple
2,764.2 2,949.7 3,147.6 3,362.4 3,594.1 3,804.9 4,032.2 4,265.2 4,503.6 6.2%
Agrochemicals Superphosphate
Market Other Phosphatic

13,674.2 14,017.9 14,380.2 14,777.4 15,202.9 15,467.8 15,756.7 16,017.2 16,248.8 2.1%
Fertilizers
Global Opportunity Total 37,915.8 39,616.8 41,458.6 43,464.3 45,622.3 47,405.0 49,333.3 51,257.2 53,174.9 4.3%
103
DAP was the highest contributor to the global agrochemicals market volume with 15,784.3 kilotons in 2018 and
is estimated to reach 19,031.7 kilotons by 2026 growing at a CAGR of 2.3% from 2019 to 2026. TSP is estimated
to reach 5,755.5 kilotons by 2026 with a CAGR of 5.3%.
TABLE 16. GLOBAL AGROCHEMICALS MARKET FOR PHOSPHATIC FERTILIZERS, BY TYPE, 2018-2026 (KILOTONS)
BY PHOSPHATIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
(DAP) Di-
Ammonium 15,784.3 16,185.3 16,617.9 17,082.7 17,578.9 17,929.1 18,313.4 18,680.7 19,031.7 2.3%
Phosphate
(MAP) Mono-
Ammonium 11,440.6 11,844.9 12,278.1 12,741.3 13,234.8 13,624.2 14,044.6 14,457.3 14,862.4 3.3%
Phosphate
(TSP) Triple
3,789.5 4,011.1 4,247.2 4,498.8 4,766.3 5,001.1 5,251.4 5,503.0 5,755.5 5.3%
Superphosphate
Other Phosphatic
18,278.7 18,484.6 18,712.9 18,962.8 19,231.7 19,327.0 19,446.8 19,536.3 19,597.0 0.8%
Fertilizers
Total 49,293.2 50,525.9 51,856.0 53,285.5 54,811.7 55,881.4 57,056.2 58,177.2 59,246.5 2.3%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
104
Asia-Pacific was the highest contributor to the global phosphatic fertilizers market revenue with $22,221.8
million in 2018 and is estimated to reach $30,951.7 million by 2026 growing at a CAGR of 4.2% from 2019 to
2026. LAMEA is estimated to reach $5,533.4 million by 2026 with a CAGR of 6.0%.
TABLE 17. AGROCHEMICALS MARKET FOR PHOSPHATIC FERTILIZERS, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 5,080.6 5,242.1 5,418.8 5,610.0 5,814.8 5,971.4 6,141.4 6,307.9 6,470.9 3.1%
Europe 7,160.2 7,491.9 7,857.5 8,255.5 8,690.3 9,048.3 9,438.7 9,829.9 10,218.9 4.5%
Asia-Pacific 22,221.8 23,209.7 24,270.0 27,680.3 28,776.0 29,864.1 30,951.7 4.2%

25,425.9 26,664.3
LAMEA 3,453.1 3,673.0 3,912.4 4,172.8 4,452.9 4,705.0 4,977.2 5,255.4 5,533.4 6.0%
Total 37,915.8 39,616.8 41,458.6 43,464.3 45,622.3 47,405.0 49,333.3 51,257.2 53,174.9 4.3%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
105
Asia-Pacific was the highest contributor to the global phosphatic fertilizers market volume with 30,255.5 kilotons
in 2018 and is estimated to reach 36,284.1 kilotons by 2026 growing at a CAGR of 2.3% from 2019 to 2026.
TABLE 18. GLOBAL AGROCHEMICALS MARKET FOR PHOSPHATIC FERTILIZERS, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 6,310.0 6,399.0 6,500.0 6,609.6 6,727.1 6,787.4 6,859.5 6,924.7 6,983.4 1.3%
Europe 8,778.6 8,975.7 9,199.2 9,442.2 9,709.7 9,892.9 10,096.7 10,291.8 10,475.4 2.2%
Asia-Pacific 30,255.5 31,022.8 31,835.8 32,707.7 33,632.4 34,275.7 34,978.8 35,644.8 36,284.1 2.3%
LAMEA 3,949.2 4,128.4 4,321.0 4,526.0 4,742.5 4,925.4 5,121.1 5,315.9 5,503.6 4.2%
Total 49,293.2 50,525.9 51,856.0 53,285.5 54,811.7 55,881.4 57,056.2 58,177.2 59,246.5 2.3%
4.2.5.3. Di-Ammonium Phosphate (DAP)

Di-ammonium phosphate or DAP is a high source of nitrogen and phosphorus. DAP is used for producing row
crops and grains such as rye, corn, wheat, and certain lawn grasses. DAP fertilizers are white or gray/black
Agrochemicals colored granules with a granule size of 5mm. They consist of around 18% nitrogen and 46% phosphorus
Market phosphate. The ammonium present in DAP is slowly absorbed by plants, and facilitates the uptake of
phosphorus from the soil and limits excessive potassium uptake by the plant. DAP fertilizers can be applied to
Global Opportunity
Analysis and Industry all soil types and even in adverse conditions such as drought. The price of DAP fertilizer depends on the raw
Forecast, 2019-2026 material used in its production, i.e., phosphate rock, sulfur, and ammonia.
106
4.2.5.4. Mono-Ammonium Phosphate (MAP)
Mono-ammonium phosphate or MAP is a mineral fertilizer containing 52% phosphate and 11% ammonium
nitrogen. MAP is soluble in water and contains nutrients such as nitrogen and phosphorus in the form of P2O5.
It is usually available in granular form with a granule size of 2mm to 5mm. MAP can also be used a raw material
for several other complex fertilizers. MAP fertilizers are mixed with DAP before their application. They are
generally used in sandy soil for clover and grains. They can be applied to all soil types with an exception of
those that are highly acidic or alkaline in nature. MAP fertilizers help in root development, bud differentiation,
and early maturity of plants. Their application method depends upon the texture of MAP fertilizer used. They
are preferred over DAP as they contain low amount of nitrogen than in DAP and thus reduces the chances for
seed damage.
4.2.5.5. Triple Superphosphate (TSP)

Triple superphosphate or TSP is one of the cheapest phosphatic fertilizers available all across the globe.
Deficiency of phosphorus can result in stunted growth, weak root development, change in leaf color (brown
tubers in potatoes and purple leaves in tobacco and cotton), low productivity, and several other changes that
lower the crop quality. Being slightly acidic in nature, TSP is more suitable for alkaline or neutral soils. TSP
fertilizer is applied to the soil after planting is done as they lose their effectiveness on mixing with lime and
Agrochemicals several other elements if applied in early stages. TSP is available in both, granular as well as non-granular forms
Market and consist about 46% P2O2. TSP fertilizers can be applied alone or in combination with other fertilizers such,
Global Opportunity as DAP.
Forecast, 2019-2026
107
4.2.5.6. Others
Other phosphatic fertilizers include single superphosphate (SSP), double superphosphate (DSP), nitro
phosphates, rock phosphate, potassium phosphates, dicalcium phosphates, ammonium polyphosphates, and
several others. These phosphatic fertilizers are also prepared from phosphatic rock and are available for use in
dry as well as liquid forms. SSP on an average consists of 14.5% phosphorus, 21% calcium, and 11% sulfur. SSP
is one of the cheapest phosphatic fertilizer available that provides calcium and sulfur to the plant as additional
nutrients. DSP, another phosphatic fertilizer consists of 43% phosphorus and 6.5% phosphoric acid in free form.
4.2.6. Potassic
The main element of potassic fertilizers is potassium, one of the macronutrients essential for proper plant
growth. Potassium plays some of the major metabolic roles required for the growth of plants such as stimulating
early growth in plants and increasing protein production. It regulates the movement of nutrients, carbohydrates,
and water into plant tissues. Potassic fertilizers also help in improving plant resistance to harmful insects and
pests. Potassium is also important for plant reproduction and helps to maintain water balance by regulating the
opening and closing of the stomata. In addition, potassium also activates the enzymes required for production
of ATP (adenosine triphosphate).
Agrochemicals Potassium deficiency in plants causes stunted growth and reduced yield. Other abnormalities include poor
Market resistance to adverse situations such as drought and extreme temperatures, chlorosis and scorching of leaves,
and defoliation. Synthetic potassic fertilizers market can be segmented into potassium chloride, potassium
Global Opportunity
Analysis and Industry sulfate, potassium magnesium sulfate, and other phosphatic fertilizers.
Forecast, 2019-2026
108
4.2.6.1. Market size and forecast, by potassic fertilizers type
The potassium chloride fertilizers segment of the agrochemicals market is expected to be valued at $21,262.5
million in 2018, and is projected to reach $28,943.7 million by 2026. The potassium sulfate segment of the
agrochemicals market is expected to grow at the CAGR of 5.2% during the forecast period.
TABLE 19. AGROCHEMICALS MARKET FOR POTASSIC FERTILIZERS, BY TYPE 2018–2026 ($MILLION)
BY POTASSIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Potassium chloride 21,262.5 22,166.5 23,128.4 24,138.2 25,217.5 26,109.1 27,063.4 28,008.5 28,943.7 3.9%
Potassium sulfate 1,283.8 1,353.9 1,429.1 1,510.8 1,598.9 1,675.2 1,757.7 1,841.1 1,925.3 5.2%
Potassium
1,127.7 1,185.1 1,246.5 1,311.4 1,380.3 1,440.5 1,504.7 1,569.2 1,634.0 4.7%
magnesium sulfate
Others 562.7 584.0 606.6 630.6 655.5 675.8 697.3 718.3 738.9 3.4%
Total 24,236.6 25,289.5 26,410.7 27,591.0 28,852.1 29,900.5 31,023.0 32,137.1 33,241.8 4.0%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
109
Potassium chloride fertilizer segment was the highest contributor to the global agrochemicals market volume
with 31,445.3 kilotons in 2018 and is estimated to reach 39,143.6 kilotons by 2026 growing at a CAGR of 2.7%
from 2019 to 2026. Potassium sulfate is estimated to reach 2,894.5 kilotons by 2026 with a CAGR of 3.1%.
TABLE 20. GLOBAL AGROCHEMICALS MARKET FOR POTASSIC FERTILIZERS, BY TYPE, 2018-2026 (KILOTONS)
BY POTASSIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Potassium
1,851.0 1,915.6 1,984.8 2,058.9 2,137.8 2,199.9 2,266.9 2,332.6 2,397.1 3.3%
magnesium sulfate
Others 869.0 881.5 895.0 909.6 925.0 932.1 940.3 947.1 952.3 1.1%
Total 36,424.3 37,511.6 38,678.6 39,927.7 41,257.7 42,251.7 43,331.2 44,376.2 45,387.5 2.8%
Agrochemicals
Market
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Forecast, 2019-2026
110
is estimated to reach $3,457.9 million by 2026 with a CAGR of 5.8%.
TABLE 21. AGROCHEMICALS MARKET FOR POTASSIC FERTILIZERS, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 3,351.2 3,451.5 3,559.0 3,672.3 3,790.9 3,879.4 3,975.5 4,068.8 4,159.4 2.7%
Europe 4,365.6 4,561.6 4,774.4 5,001.6 5,245.7 5,453.0 5,674.6 5,895.8 6,114.9 4.3%
Asia-Pacific 14,323.5 14,941.8 15,594.0 17,606.4 18,247.5 18,880.4 19,509.7 3.9%

16,276.7 17,006.3
LAMEA 2,196.4 2,334.7 2,483.3 2,640.4 2,809.2 2,961.8 3,125.4 3,292.1 3,457.9 5.8%
Total 24,236.6 25,289.5 26,410.7 27,591.0 28,852.1 29,900.5 31,023.0 32,137.1 33,241.8 4.0%
Agrochemicals
Market
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Forecast, 2019-2026
111
Asia-Pacific was the highest contributor to the global fertilizers market volume with 22,412.6 kilotons in 2018
and is estimated to reach 27,839.9 kilotons by 2026 growing at a CAGR of 2.7% from 2019 to 2026. LAMEA is
estimated to reach 4,240.7 kilotons by 2026 with a CAGR of 4.7%.
TABLE 22. GLOBAL AGROCHEMICALS MARKET FOR POTASSIC FERTILIZERS, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 4,798.3 4,889.4 4,990.2 5,098.1 5,212.8 5,283.6 5,363.8 5,439.0 5,509.3 1.7%
Europe 6,283.6 6,457.6 6,651.8 6,861.7 7,090.9 7,259.9 7,445.2 7,625.1 7,797.6 2.7%
Asia-Pacific 22,412.6 23,086.6 23,799.2 25,965.1 26,612.2 27,234.6 27,839.9 2.7%

24,560.6 25,366.8
LAMEA 2,929.8 3,077.9 3,237.3 3,407.2 3,587.3 3,743.2 3,910.1 4,077.5 4,240.7 4.7%
Total 36,424.3 37,511.6 38,678.6 39,927.7 41,257.7 42,251.7 43,331.2 44,376.2 45,387.5 2.8%
4.2.6.3. Potassium Chloride

Potassium chloride (KCl), also known as muriate of potash (MOP), consists about 60% to 62% potassium oxide
(K2O). Potassium chloride is the most commonly used fertilizer for providing potassium to crops for maintaining
Agrochemicals proper growth. Potassium chloride can be applied to the crops using different techniques depending on their
Market size, for example, fine-sized fertilizer is applied as a liquid suspension, whereas granular fertilizers can be directly
Global Opportunity applied to the soil or plants. Potassium chloride is feasible for use as a straight fertilizer or as complex fertilizer
Analysis and Industry in mixture with nitrogen or phosphorus. Potassium chloride is a preferred source of potassium due to its low
Forecast, 2019-2026
cost and is used all across the globe to ensure proper growth of plants.
112
4.2.6.4. Potassium Sulphate
Potassium sulfate (K2SO4), also known as aconite or sulfate of potassium (SOP), consists about 50% K2O.
Potassium is the most commonly used potassic fertilizer with minimal chloride content. Potassium sulfate
increases the crop productivity and quality and helps build resistance against drought, frost, and several other
diseases and pests. In addition, potassium sulfate enhances the taste, nutritional value, and appearance of the
crop and reduces the chances of deterioration of crops during transportation and storage. Potassium sulfate is
suitable for tobacco crops, potatoes, and several other vegetable crops. It is generally used for crops that do
not require much chloride for their growth.
4.2.6.5. Potassium magnesium sulfate

Potassium magnesium sulfate (PMS) contains 22% K2O, 21% to 22% sulfur, and 10% to 11% magnesium.
Potassium magnesium sulfate is also known as langbeinite and a unique nutrition source for plants as it contains
macronutrients as well as micronutrients. It is majorly used for crops that are not able to bear high percentages
of chloride such as tobacco, potatoes, and sugarcane. It is 100% water-soluble and dissolves slowly in water
due to the presence of dense particles, preventing its rapid leaching from the soil. In addition, potassium
magnesium sulfate do not increase or decrease the pH of the soil as it is neutral in nature.
Agrochemicals 4.2.6.6. Others

Market Other potassic fertilizers include potassium nitrate (KNO3), potassium phosphate (KH2PO4), potassium
carbonate (K2CO3), potassium hydroxide (KOH), and potassium thiosulfate (K2S2O3). All the potassic fertilizers
Global Opportunity
Analysis and Industry are manufactured using basic potash materials. Potassium nitrate or nitrate of potash (NOP) is prepared by
Forecast, 2019-2026
reacting KCl with nitric acid or nitrate salts. It is generally used when the crop needs both potassium and nitrate
for proper growth.
113
4.2.7. Biofertilizers
Biofertilizers are bio-based formulations prepared by using or incorporating living microorganisms such as
bacteria or fungi or dormant strains of microorganisms. Biofertilizers are cheaper than chemical or synthetic
fertilizers and are a much-preferred source for plant nutrition due to their environment friendly nature.
Biofertilizers work by restoring the natural nutrient cycle of the soil by building up organic matter that improves
fertility of the soil. They provide nutrients to the soil and crops by natural processes such as nitrogen fixation,
synthesizing substances that promote plant growth, solubilizing phosphorus, and several other natural
processes. Based on their function, biofertilizers can be classified into nitrogen fixing, phosphorus solubilizing,
and plant growth promoting biofertilizers.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
114
4.3. Pesticides
Pesticides are chemical compounds used to protect the crops from pests that can harm the crops and reduce
its quality and productivity. The different types of pesticides help in killing or controlling different pests such as
fungi, rodents, snails, nematodes, weeds, slugs, and insects. These pests are capable of destroying the whole
crop and thus, their control is very important for protecting crops from damage and preserving plant products.
4.3.1. Market size and forecast, by pesticides type

The synthetic pesticides segment of the agrochemicals market is expected to be valued at $61,124.5 million in
2018, and is projected to reach $86,193.8 million by 2026. The biopesticides segment of the agrochemicals
TABLE 23. AGROCHEMICALS MARKET FOR PESTICIDES, BY TYPE 2018–2026 ($MILLION)
BY PESTICIDE CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
TYPE (2019 - 2026)
Synthetic
61,124.6 64,029.6 67,106.4 70,374.0 73,872.9 76,814.9 79,955.9 83,082.1 86,193.8 4.3%
Pesticides
Biopesticides 6,332.3 7,384.6 8,608.8 10,036.1 11,693.4 13,267.3 15,042.0 16,945.4 18,982.3 14.4%
Agrochemicals Total 67,456.9 71,414.1 75,715.2 80,410.1 85,566.3 90,082.2 94,997.9 100,027.5 105,176.1 5.7%
Global Opportunity
Forecast, 2019-2026
115
Synthetic pesticides was the highest contributor to the global agrochemicals market volume with 2,797.3
2026. Biopesticide is estimated to reach 197.4 kilotons by 2026 with a CAGR of 9.7%.
TABLE 24. GLOBAL AGROCHEMICALS MARKET FOR PESTICIDES, BY TYPE, 2018-2026 (KILOTONS)
CAGR
BY PESTICIDE TYPE 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
Synthetic Pesticides 2,797.3 2,916.5 3,046.0 3,187.5 3,343.2 3,469.6 3,607.7 3,746.1 3,884.6 4.2%
Biopesticides 93.0 103.1 114.3 126.5 140.0 153.0 167.1 181.9 197.4 9.7%
Total 2,890.3 3,019.6 3,160.3 3,314.0 3,483.2 3,622.6 3,774.8 3,928.0 4,082.0 4.4%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
116
4.3.2. Market size and forecast, by region
Asia-Pacific was the second highest contributor to the global pesticides market revenue with $1,692.5 million
in 2018 and is estimated to reach $6,430.7 million by 2026 growing at a CAGR of 17.6% from 2019 to 2026.
TABLE 25. AGROCHEMICALS MARKET FOR PESTICIDES, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 10,087.0 10,701.2 11,379.3 12,124.1 12,951.1 13,684.5 14,480.2 15,296.7 16,134.2 6.0%
Europe 1,684.4 1,911.1 2,168.4 2,461.4 2,792.2 3,087.3 3,421.4 3,774.5 4,150.8 11.7%
Asia-Pacific 1,692.5 2,061.5 2,499.5 3,020.6 3,636.9 4,231.5 4,907.6 5,639.6 6,430.7 17.6%
LAMEA 995.7 1,201.9 1,447.0 1,738.5 2,084.1 2,408.1 2,775.7 3,170.1 3,587.8 16.9%
Total 14,459.6 15,875.7 17,494.2 19,344.6 21,464.2 23,411.5 25,584.9 27,880.8 30,303.6 9.7%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
117
Asia-Pacific was the highest contributor to the global pesticides market volume with 1,312.4 kilotons in 2018
and is estimated to reach 1,995.4 kilotons by 2026 growing at a CAGR of 5.3% from 2019 to 2026. LAMEA is
TABLE 26. GLOBAL AGROCHEMICALS MARKET FOR PESTICIDES, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 332.7 344.9 358.6 373.7 390.7 404.2 418.9 433.7 448.4 3.8%
Europe 511.8 518.2 525.9 535.1 545.6 551.9 559.7 567.7 576.2 1.5%
Asia-Pacific 1,312.4 1,386.4 1,466.1 1,553.0 1,648.5 1,729.4 1,817.1 1,905.7 1,995.4 5.3%
LAMEA 733.5 770.2 809.7 852.2 898.4 937.1 979.0 1,021.0 1,061.9 4.7%
Total 2,890.3 3,019.6 3,160.3 3,314.0 3,483.2 3,622.6 3,774.8 3,928.0 4,082.0 4.4%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
118
4.3.3. Synthetic pesticides
Synthetic pesticides are classified into herbicide, insecticide, fungicide and other pesticides. The use of synthetic
pesticides protects crops from various diseases and enhance the growth.
4.3.3.1. Market size and forecast, by synthetic pesticides type

The herbicide segment of the agrochemicals market is expected to be valued at $31,660.4 million in 2018, and
is projected to reach $43,811.0 million by 2026. The insecticides segment of the agrochemicals market is
TABLE 27. AGROCHEMICALS MARKET FOR SYNTHETIC PESTICIDES, BY TYPE 2018–2026 ($MILLION)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
PESTICIDE TYPE (2019 - 2026)
Herbicide 31,660.4 33,058.2 34,559.7 36,168.3 37,910.4 39,319.0 40,833.5 42,330.8 43,811.0 4.1%
Insecticide 12,960.5 13,645.5 14,369.4 15,147.4 15,984.7 16,711.1 17,490.3 18,276.1 19,069.7 4.9%
Fungicide 13,356.0 14,077.9 14,826.5 15,606.9 16,425.4 17,156.3 17,926.6 18,699.4 19,473.7 4.7%
Others 3,147.7 3,248.0 3,350.8 3,451.5 3,552.4 3,628.5 3,705.5 3,775.9 3,839.4 2.4%
Total 61,124.6 64,029.6 67,106.4 70,374.0 73,872.9 76,814.9 79,955.9 83,082.1 86,193.8 4.3%
Agrochemicals Source: AMR Analysis
Market
Global Opportunity
Forecast, 2019-2026
119
Herbicide was the highest contributor to the global agrochemicals market volume with 1,080.3 kilotons in 2018
and is estimated to reach 1,472.2 kilotons by 2026 growing at a CAGR of 3.9% from 2019 to 2026. Insecticide is
estimated to reach 929.6 kilotons by 2026 with a CAGR of 5.5%.
TABLE 28. GLOBAL AGROCHEMICALS MARKET FOR SYNTHETIC PESTICIDES, BY TYPE, 2018-2026 (KILOTONS)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Herbicide 1,080.3 1,123.7 1,170.9 1,222.4 1,279.1 1,324.3 1,373.8 1,423.1 1,472.2 3.9%
Insecticide 606.8 640.7 677.7 718.0 762.5 801.0 843.0 885.9 929.6 5.5%
Fungicide 383.8 406.6 431.4 458.5 488.4 514.5 543.1 572.3 602.1 5.8%
Others 726.5 745.5 766.1 788.6 813.3 829.7 847.8 864.9 880.7 2.4%
Total 2,797.3 2,916.5 3,046.0 3,187.5 3,343.2 3,469.6 3,607.7 3,746.1 3,884.6 4.2%

Asia-Pacific was the highest contributor to the global synthetic pesticides market revenue with $26,361.1 million
Agrochemicals in 2018 and is estimated to reach $39,996.0 million by 2026 growing at a CAGR of 5.3% from 2019 to 2026.
Market LAMEA is estimated to reach $17,622.8 million by 2026 with a CAGR of 4.1%.
Global Opportunity
Forecast, 2019-2026
120
TABLE 29. AGROCHEMICALS MARKET FOR SYNTHETIC PESTICIDES, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 8,127.3 8,491.1 8,885.4 9,308.5 9,770.8 10,144.1 10,542.9 10,935.4 11,321.3 4.2%
Europe 13,966.2 14,359.6 14,775.9 15,219.4 15,684.4 16,053.0 16,450.1 16,845.9 17,253.8 2.7%
Asia-Pacific 26,361.1 27,902.1 29,533.6 31,277.1 33,160.9 34,779.7 36,512.4 38,248.6 39,996.0 5.3%
LAMEA 12,670.0 13,276.8 13,911.5 14,569.0 15,256.8 15,838.0 16,450.5 17,052.2 17,622.8 4.1%
Total 61,124.6 64,029.6 67,106.4 70,374.0 73,872.9 76,814.9 79,955.9 83,082.1 86,193.8 4.3%
Asia-Pacific was the highest contributor to the global synthetic pesticides market volume with 1,284.2 kilotons
TABLE 30. GLOBAL AGROCHEMICALS MARKET FOR SYNTHETIC PESTICIDES, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 306.6 317.1 328.9 342.0 356.7 368.2 380.7 393.2 405.6 3.6%
Agrochemicals
Europe 491.8 497.0 503.5 511.4 520.5 525.5 532.0 538.6 545.7 1.3%
Market
Asia-Pacific 1,284.2 1,353.6 1,428.4 1,509.7 1,599.1 1,673.8 1,754.9 1,836.3 1,918.6 5.1%
Global Opportunity
LAMEA 714.8 748.7 785.3 824.4 866.9 902.1 940.1 978.0 1,014.7 4.4%
Forecast, 2019-2026 Total 2,797.3 2,916.5 3,046.0 3,187.5 3,343.2 3,469.6 3,607.7 3,746.1 3,884.6 4.2%
121
4.3.4. Biopesticides
Biopesticides are the pesticides derived naturally from animals, plants, bacteria and certain minerals.
Biopesticides are classified into bioherbicide, bioinsecticide, bio fungicide and others.
4.3.4.1. Market size and forecast, by Biopesticides type

The bioherbicide segment of the agrochemicals market is expected to be valued at $1,621.3 million in 2018,
and is projected to reach $5,794.1 million by 2026 and is expected to grow at the CAGR of 16.7% during the
forecast period.
TABLE 31. AGROCHEMICALS MARKET FOR BIOPESTICIDES, BY TYPE 2018–2026 ($MILLION)
CAGR
BY BIOPESTICIDE 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
Bioherbicide 1,621.3 1,964.9 2,374.4 2,865.1 3,451.9 3,964.7 4,545.2 5,155.2 5,794.1 16.7%
Bioinsecticide 1,796.0 2,046.8 2,333.7 2,663.4 3,038.5 3,393.0 3,786.7 4,203.5 4,643.8 12.4%
Biofungicide 1,607.1 1,820.8 2,067.3 2,350.7 2,674.8 2,978.6 3,315.9 3,672.3 4,048.1 12.1%
Others 1,319.8 1,591.6 1,905.5 2,267.4 2,684.2 3,181.6 3,763.7 4,447.3 5,249.7 18.6%
Total 6,344.2 7,424.0 8,680.9 10,146.7 11,849.4 13,517.8 15,411.5 17,478.3 19,735.7 15.0%
Market
Global Opportunity
Forecast, 2019-2026
122
Bioherbicide was the highest contributor to the global agrochemicals market volume with 36.8 kilotons in 2018
and is estimated to reach 85.2 kilotons by 2026 growing at a CAGR of 10.9% from 2019 to 2026. Bioinsecticide
is estimated to reach 38.4 kilotons by 2026 with a CAGR of 8.7%.
TABLE 32. GLOBAL AGROCHEMICALS MARKET FOR BIOPESTICIDES, BY TYPE, 2018-2026 (KILOTONS)
CAGR
BY BIOPESTICIDE 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
Bioherbicide 36.8 41.3 46.4 52.1 58.5 64.5 71.1 78.0 85.2 10.9%
Bioinsecticide 19.6 21.3 23.3 25.5 28.0 30.3 32.8 35.5 38.4 8.7%
Biofungicide 12.9 14.3 15.8 17.5 19.4 21.3 23.4 25.6 27.9 10.0%
Others 23.7 26.2 28.8 31.4 34.1 36.9 39.8 42.8 46.0 8.3%
Total 93.0 103.1 114.3 126.5 140.0 153.0 167.1 181.9 197.4 9.7%

Asia-Pacific was the highest contributor to the global biopesticides market revenue with $1,692.5 million in 2018
Agrochemicals and is estimated to reach $6,430.7 million by 2026 growing at a CAGR of 17.6% from 2019 to 2026. LAMEA is
Market estimated to reach $3,587.8 million by 2026 with a CAGR of 16.9%.
Global Opportunity
Forecast, 2019-2026
123
TABLE 33. AGROCHEMICALS MARKET FOR BIOPESTICIDES, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 1,959.7 2,210.1 2,493.9 2,815.6 3,180.3 3,540.4 3,937.3 4,361.2 4,813.0 11.8%
Europe 1,684.4 1,911.1 2,168.4 2,461.4 2,792.2 3,087.3 3,421.4 3,774.5 4,150.8 11.7%
Asia-Pacific 1,692.5 2,061.5 2,499.5 3,020.6 3,636.9 4,231.5 4,907.6 5,639.6 6,430.7 17.6%
LAMEA 995.7 1,201.9 1,447.0 1,738.5 2,084.1 2,408.1 2,775.7 3,170.1 3,587.8 16.9%
Total 6,332.3 7,384.6 8,608.8 10,036.1 11,693.4 13,267.3 15,042.0 16,945.4 18,982.3 14.4%
Asia-Pacific was the highest contributor to the global biopesticides market volume with 28.2 kilotons in 2018
and is estimated to reach 76.8 kilotons by 2026 growing at a CAGR of 13.0% from 2019 to 2026. LAMEA is
TABLE 34. GLOBAL AGROCHEMICALS MARKET FOR BIOPESTICIDES, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 26.1 27.8 29.7 31.7 34.0 36.0 38.2 40.5 42.8 6.4%
Agrochemicals
Europe 20.0 21.1 22.3 23.7 25.1 26.4 27.7 29.1 30.5 5.4%
Market
Asia-Pacific 28.2 32.8 37.8 43.3 49.5 55.6 62.2 69.3 76.8 13.0%
Global Opportunity
LAMEA 18.7 21.5 24.5 27.8 31.4 35.0 38.9 43.0 47.3 11.9%
Forecast, 2019-2026 Total 93.0 103.1 114.3 126.5 140.0 153.0 167.1 181.9 197.4 9.7%
124
4.3.5. Herbicides
Herbicides are pesticides that are used for controlling weeds or unwanted vegetation. Weeds are referred to as
unwanted plants that reduce the quantity and quality of crops. Approximately 10% of the plant species, i.e.
30,000 species are registered as weeds out of which 1,800 are known to be have the potential to cause serious
economic losses to the farmers. In countries where mechanized and intensive agriculture is practiced such as
Brazil, herbicides have replaced the mechanical methods used for controlling weeds. Weeds limit the amount
of nutrients received by the crop or vegetation by competing with them for light, water, soil nutrient, space, and
CO2. The presence of weeds along with the main vegetation arises several other problems too, for example,
contamination of the commodity resulting in decreased crop quality, production of toxicants or allergic
substances, limiting the chances for crop rotation, and similar others. Thus, the use of herbicides is necessary
for protection of the crop against unwanted herbs and to maintain the quality as well as quantity of the crop.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
125
4.3.5.1. Market size and forecast, by herbicides type
The synthetic herbicides segment of the agrochemicals market is expected to be valued at $30,039.1 million in
2018, and is projected to reach $38,016.9 million by 2026. The bioherbicides segment of the agrochemicals
TABLE 35. AGROCHEMICALS MARKET FOR HERBICIDES, BY TYPE 2018–2026 ($MILLION)
BY HERBICIDES CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
TYPE (2019 - 2026)
Synthetic herbicides 30,039.1 31,093.3 32,185.3 33,303.2 34,458.5 35,354.3 36,288.3 37,175.6 38,016.9 2.9%
Bioherbicides 1,621.3 1,964.9 2,374.4 2,865.1 3,451.9 3,964.7 4,545.2 5,155.2 5,794.1 16.7%
Total 31,660.4 33,058.2 34,559.7 36,168.3 37,910.4 39,319.0 40,833.5 42,330.8 43,811.0 4.1%
Synthetic herbicides was the highest contributor to the global agrochemicals market volume with 1,043.6
2026. Bioherbicide is estimated to reach 85.2 kilotons by 2026 with a CAGR of 10.9%.
TABLE 36. GLOBAL AGROCHEMICALS MARKET FOR HERBICIDES, BY TYPE, 2018-2026 (KILOTONS)
Agrochemicals BY HERBICIDES
2018 2019 2020 2021 2022 2023 2024 2025 2026
CAGR
Market TYPE (2019 - 2026)
Global Opportunity
Bioherbicides 36.8 41.3 46.4 52.1 58.5 64.5 71.1 78.0 85.2 10.9%
Forecast, 2019-2026 Total 1,080.3 1,123.7 1,170.9 1,222.4 1,279.1 1,324.3 1,373.8 1,423.1 1,472.2 3.9%
126
Asia-Pacific was the highest contributor to the global herbicides market revenue with $13,886.5 million in 2018
and is estimated to reach $20,076.4 million by 2026 growing at a CAGR of 4.7% from 2019 to 2026. LAMEA is
estimated to reach $9,125.9 million by 2026 with a CAGR of 4.0%.
TABLE 37. AGROCHEMICALS MARKET FOR HERBICIDES, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 3,879.3 4,038.0 4,215.1 4,409.3 4,627.0 4,798.7 4,983.0 5,164.0 5,341.5 4.1%
Europe 7,252.4 7,479.3 7,727.0 7,997.0 8,287.9 8,512.1 8,760.3 9,009.6 9,267.2 3.1%
Asia-Pacific 13,886.5 14,600.2 15,358.9 16,170.2 17,050.8 17,774.2 18,549.0 19,315.1 20,076.4 4.7%
LAMEA 6,642.2 6,940.7 7,258.8 7,591.8 7,944.7 8,234.0 8,541.2 8,842.0 9,125.9 4.0%
Total 31,660.4 33,058.2 34,559.7 36,168.3 37,910.4 39,319.0 40,833.5 42,330.8 43,811.0 4.1%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
127
Asia-Pacific was the highest contributor to the global herbicides market volume with 496.5 kilotons in 2018 and
is estimated to reach 727.8 kilotons by 2026 growing at a CAGR of 4.9% from 2019 to 2026. LAMEA is estimated
to reach 384.1 kilotons by 2026 with a CAGR of 4.2%.
TABLE 38. GLOBAL AGROCHEMICALS MARKET FOR HERBICIDES, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 119.4 123.2 127.5 132.3 137.7 141.8 146.3 150.7 155.1 3.3%
Europe 188.9 190.4 192.3 194.8 197.8 199.2 201.1 203.0 205.2 1.1%
Asia-Pacific 496.5 522.1 549.7 579.6 612.4 639.6 668.9 698.3 727.8 4.9%
LAMEA 275.5 288.0 301.3 315.7 331.2 343.8 357.5 371.0 384.1 4.2%
Total 1,080.3 1,123.7 1,170.9 1,222.4 1,279.1 1,324.3 1,373.8 1,423.1 1,472.2 3.9%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
128
4.3.5.3. Synthetic Herbicides
Several synthetic herbicides are available in the market and are used by farmers for the protection of their crops.
Some of the major commercialized herbicides are glyphosate, atrazine, acetochlor, 2, 4-D, and Paraquat.
Glyphosate accounted for one-fourth of the share of synthetic herbicides market in 2015. Glyphosate is
preferred over other synthetic herbicides owing to its low toxicity as compared to other herbicides, and eco-
friendly properties such as soil binding, low volatility, and microbial degradation. In addition, glyphosate based
herbicides are the easiest to use and cost-effective, and thus are used much frequently by farmers.
4.3.5.3.1. Market size and forecast, by synthetic herbicides type

The glyphosate segment of the agrochemicals market is expected to be valued at $7,476.3 million in 2018, and
is projected to reach $8,092.5 million by 2026. The atrazine segment of the agrochemicals market is expected
to grow at the CAGR of 4.0% during the forecast period.
TABLE 39. AGROCHEMICALS MARKET FOR SYNTHETIC HERBICIDES, BY TYPE 2018–2026 ($MILLION)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
HERBICIDES (2019 - 2026)
Glyphosate 7,476.3 7,619.3 7,744.6 7,858.6 7,968.0 8,015.9 8,060.1 8,085.2 8,092.5 0.9%
Atrazine 790.6 828.1 867.2 906.1 947.7 982.2 1,018.3 1,053.4 1,087.5 4.0%
Agrochemicals Acetochlor 654.7 683.0 710.9 740.7 771.7 797.0 823.7 849.6 875.0 3.6%
Market 2,4-D 113.7 116.9 120.3 123.7 127.1 129.6 132.2 134.6 136.8 2.3%
Paraquat 1,124.0 1,230.5 1,347.8 1,473.2 1,608.4 1,732.6 1,864.1 1,997.3 2,131.5 8.2%
Global Opportunity
Analysis and Industry Others 19,879.9 20,623.9 21,413.9 22,232.7 23,080.8 23,755.1 24,461.6 25,140.7 25,792.5 3.2%
Forecast, 2019-2026
Total 30,039.1 31,093.3 32,185.3 33,303.2 34,458.5 35,354.3 36,288.3 37,175.6 38,016.9 2.9%
129
Glyphosate was the highest contributor to the global agrochemicals market volume with 301.8 kilotons in 2018
and is estimated to reach 409.4 kilotons by 2026 growing at a CAGR of 3.9% from 2019 to 2026. Atrazine is
TABLE 40. GLOBAL AGROCHEMICALS MARKET FOR SYNTHETIC HERBICIDES, BY TYPE, 2018-2026 (KILOTONS)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Glyphosate 301.8 313.8 326.9 341.0 356.6 369.0 382.5 396.0 409.4 3.9%
Atrazine 27.5 28.5 29.6 30.7 32.0 32.9 34.0 35.0 36.0 3.4%
Acetochlor 26.1 27.4 28.7 30.2 31.7 33.1 34.5 36.0 37.5 4.6%
2,4-D 14.0 14.4 14.8 15.2 15.7 16.0 16.3 16.7 17.0 2.4%
Paraquat 34.7 36.2 37.8 39.6 41.5 43.1 44.7 46.4 48.1 4.1%
Others 639.4 662.2 686.8 713.6 743.1 765.8 790.6 815.0 839.1 3.4%
Total 1,043.6 1,082.4 1,124.5 1,170.3 1,220.6 1,259.8 1,302.7 1,345.1 1,387.0 3.6%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
130
4.3.5.3.2. Market size and forecast, by region
Asia-Pacific was the highest contributor to the global synthetic herbicides market revenue with $13,562.5 million
TABLE 41. AGROCHEMICALS MARKET FOR SYNTHETIC HERBICIDES, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 3,417.2 3,491.5 3,572.0 3,654.9 3,744.3 3,792.4 3,842.8 3,883.7 3,915.1 1.6%
Europe 6,682.0 6,812.5 6,950.0 7,093.4 7,239.6 7,342.4 7,451.8 7,556.2 7,661.5 1.7%
Asia-Pacific 13,562.5 14,183.5 14,826.0 15,491.1 16,188.0 16,755.2 17,349.4 17,924.1 18,483.0 3.9%
LAMEA 6,377.4 6,605.8 6,837.2 7,063.7 7,286.6 7,464.3 7,644.3 7,811.6 7,957.3 2.7%
Total 30,039.1 31,093.3 32,185.3 33,303.2 34,458.5 35,354.3 36,288.3 37,175.6 38,016.9 2.9%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
131
Asia-Pacific was the highest contributor to the global synthetic herbicides market volume with 485.9 kilotons in
2018 and is estimated to reach 695.7 kilotons by 2026 growing at a CAGR of 4.5% from 2019 to 2026. LAMEA
TABLE 42. GLOBAL AGROCHEMICALS MARKET FOR SYNTHETIC HERBICIDES, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 110.2 113.3 116.7 120.6 125.0 128.2 131.8 135.2 138.6 2.9%
Europe 180.2 181.2 182.6 184.5 186.8 187.6 188.9 190.3 191.8 0.8%
Asia-Pacific 485.9 509.7 535.1 562.5 592.5 616.9 643.3 669.5 695.7 4.5%
LAMEA 267.2 278.3 290.1 302.7 316.3 327.1 338.7 350.1 361.0 3.8%
Total 1,043.6 1,082.4 1,124.5 1,170.3 1,220.6 1,259.8 1,302.7 1,345.1 1,387.0 3.6%
4.3.5.3.3. Glyphosate
Glyphosate is a broad-spectrum herbicide that can be applied directly on plant foliage. Glyphosate can be used
for all annual as well as perennial plants including woody plants, broad level weeds, sedges, and grasses.
Agrochemicals Glyphosate also acts as a plant growth regulator when used in small amounts.
Market 4.3.5.3.4. Market size and forecast, by region

Global Opportunity Asia-Pacific was the highest contributor to the global glyphosate market revenue with $3,347.8 million in 2018
Forecast, 2019-2026
132
TABLE 43. AGROCHEMICALS MARKET FOR GLYPHOSATE, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 753.3 761.7 771.0 780.5 790.9 792.4 794.0 793.5 790.9 0.5%
Europe 1,914.8 1,940.9 1,964.4 1,987.7 2,011.1 2,024.7 2,038.3 2,050.0 2,061.6 0.9%
Asia-Pacific 3,347.8 3,434.0 3,509.6 3,579.2 3,647.0 3,682.1 3,715.3 3,737.7 3,750.5 1.3%
LAMEA 1,460.3 1,482.8 1,499.6 1,511.3 1,519.0 1,516.8 1,512.6 1,504.0 1,489.5 0.1%
Total 7,476.3 7,619.3 7,744.6 7,858.6 7,968.0 8,015.9 8,060.1 8,085.2 8,092.5 0.9%
Asia-Pacific was the highest contributor to the global glyphosate market volume with 140.2 kilotons in 2018
TABLE 44. GLOBAL AGROCHEMICALS MARKET FOR GLYPHOSATE, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 30.6 31.5 32.5 33.7 35.0 36.0 37.1 38.1 39.2 3.2%
Agrochemicals
Europe 54.6 55.1 55.8 56.6 57.5 58.0 58.7 59.3 60.0 1.2%
Market
Asia-Pacific 140.2 147.4 155.1 163.5 172.6 180.2 188.4 196.6 204.8 4.8%
Global Opportunity
LAMEA 76.4 79.8 83.4 87.3 91.4 94.8 98.4 102.0 105.4 4.1%
Forecast, 2019-2026 Total 301.8 313.8 326.9 341.0 356.6 369.0 382.5 396.0 409.4 3.9%
133
4.3.5.3.5. Atrazine
Atrazine is an herbicide of the triazine class and is mainly used to control grass weeds and broad leaf weeds for
corn, sugarcane, and sorghum crops. Atrazine is one of the most widely used herbicide in U.S. and Australia.
However, it was banned by the European Union in 2004 and thus, is not used by farmers in the European nations.
The use of Atrazine is more prevalent in U.S. as it is compatible with the climatic conditions of that region.
Atrazine is a white crystalline solid that has several trade names such as AAtrex, Akticon, Atazinax, Actinite PK,
Atranex, Argezin, and Atrataf.

Asia-Pacific was the highest contributor to the global atrazine market revenue with $388.3 million in 2018 and
is estimated to reach $574.9 million by 2026 growing at a CAGR of 4.9% from 2019 to 2026. LAMEA is estimated
to reach $268.8 million by 2026 with a CAGR of 3.6%.
TABLE 45. AGROCHEMICALS MARKET FOR ATRAZINE, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 113.8 117.5 121.3 125.1 129.2 131.9 134.7 137.2 139.4 2.5%
Europe 88.4 90.5 92.7 94.9 97.2 99.0 100.8 102.6 104.4 2.1%
Agrochemicals
Market Asia-Pacific 388.3 410.7 434.2 458.1 483.7 505.8 529.0 552.1 574.9 4.9%
LAMEA 200.1 209.4 219.0 228.1 237.5 245.5 253.7 261.6 268.8 3.6%
Global Opportunity
Analysis and Industry Total 790.6 828.1 867.2 906.1 947.7 982.2 1,018.3 1,053.4 1,087.5 4.0%
Forecast, 2019-2026
134
Asia-Pacific was the highest contributor to the global atrazine market volume with 13.4 kilotons in 2018 and is
estimated to reach 18.6 kilotons by 2026 growing at a CAGR of 4.2% from 2019 to 2026. LAMEA is estimated to
reach 10.6 kilotons by 2026 with a CAGR of 3.4%.
TABLE 46. GLOBAL AGROCHEMICALS MARKET FOR ATRAZINE, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 3.7 3.8 3.9 4.0 4.1 4.2 4.3 4.4 4.5 2.5%
Europe 2.3 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 -0.2%
Asia-Pacific 13.4 14.0 14.7 15.4 16.1 16.7 17.4 18.0 18.6 4.2%
LAMEA 8.1 8.5 8.8 9.1 9.5 9.8 10.1 10.4 10.6 3.4%
Total 27.5 28.5 29.6 30.7 32.0 32.9 34.0 35.0 36.0 3.4%
4.3.5.3.7. Acetochlor
Acetochlor is an important herbicide of the family chloroacetanilides and was first developed by Monsanto
Company and Zeneca. Acetochlor is structurally similar to atrazine and is used as its replacement in Europe as
Agrochemicals atrazine has been banned for use by the European Union. Acetochlor can be used in combination with several
Market other herbicides such as atrazine. Some of the popular acetochlor products available in the market include
Harness, Surpass, Guardian, Acenit, Sacemid, Relay, Trophy, Top-Hand, and Winner.
Global Opportunity
Forecast, 2019-2026
135
Asia-Pacific was the highest contributor to the global acetochlor market revenue with $285.3 million in 2018
and is estimated to reach $421.0 million by 2026 growing at a CAGR of 4.9% from 2019 to 2026. LAMEA is
estimated to reach $167.4 million by 2026 with a CAGR of 3.4%.
TABLE 47. AGROCHEMICALS MARKET FOR ACETOCHLOR, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 56.8 58.8 60.8 62.9 65.2 66.7 68.4 69.8 71.2 2.8%
Europe 185.9 190.0 193.9 198.2 202.6 205.7 209.0 212.2 215.5 1.8%
Asia-Pacific 285.3 301.8 318.4 336.1 354.9 370.8 387.7 404.4 421.0 4.9%
LAMEA 126.7 132.3 137.8 143.5 149.1 153.8 158.6 163.2 167.4 3.4%
Total 654.7 683.0 710.9 740.7 771.7 797.0 823.7 849.6 875.0 3.6%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
136
Asia-Pacific was the highest contributor to the global acetochlor market volume with 10.9 kilotons in 2018 and
TABLE 48. GLOBAL AGROCHEMICALS MARKET FOR ACETOCHLOR, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 2.7 2.8 2.9 3.1 3.3 3.4 3.5 3.7 3.8 4.4%
Europe 5.9 6.0 6.1 6.2 6.4 6.4 6.6 6.7 6.8 1.9%
Asia-Pacific 10.9 11.6 12.3 13.1 13.9 14.7 15.5 16.3 17.1 5.8%
LAMEA 6.7 7.0 7.4 7.8 8.2 8.6 9.0 9.4 9.7 4.8%
Total 26.1 27.4 28.7 30.2 31.7 33.1 34.5 36.0 37.5 4.6%
4.3.5.3.9. 2,4-D
2, 4-Dichlorophenoxyacetic acid or, 2, 4-D is an important herbicide that belongs to the phenoxy family and is
used to control the population and growth of broadleaf and woody weeds in agricultural crops, forests, and
Agrochemicals gardens. 2,4-D is one of the most widely used herbicide in U.S. due to its low cost as well as excellent weed
Market control capacity. 2, 4-D is available in the market in various forms based on their solubility and volatility, such
as esters, salts, and amines.
Global Opportunity
Forecast, 2019-2026
137
Asia-Pacific was the highest contributor to the global 2, 4-D market revenue with $38.7 million in 2018 and is
estimated to reach $52.6 million by 2026 growing at a CAGR of 3.8% from 2019 to 2026. LAMEA is estimated to
reach $34.3 million by 2026 with a CAGR of 2.2%.
TABLE 49. AGROCHEMICALS MARKET FOR 2,4-D, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 17.7 18.1 18.5 18.9 19.3 19.6 19.8 20.0 20.1 1.5%
Europe 28.7 28.9 29.2 29.4 29.7 29.7 29.8 29.8 29.9 0.5%
Asia-Pacific 38.7 40.5 42.3 44.2 46.1 47.7 49.4 51.0 52.6 3.8%
LAMEA 28.5 29.4 30.3 31.2 32.0 32.6 33.2 33.8 34.3 2.2%
Total 113.7 116.9 120.3 123.7 127.1 129.6 132.2 134.6 136.8 2.3%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
138
Asia-Pacific was the highest contributor to the global 2, 4-D market volume with 5.7 kilotons in 2018 and is
TABLE 50. GLOBAL AGROCHEMICALS MARKET FOR 2,4-D, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 2.0 2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.1 0.7%
Europe 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 0.0%
Asia-Pacific 5.7 5.9 6.2 6.5 6.8 7.0 7.2 7.5 7.7 3.9%
LAMEA 3.3 3.4 3.6 3.7 3.8 3.9 4.0 4.1 4.2 2.7%
Total 14.0 14.4 14.8 15.2 15.7 16.0 16.3 16.7 17.0 2.4%
4.3.5.3.11. Paraquat
Paraquat is used for controlling a wide variety of weeds in more than 100 types of crops including fruits,
vegetables, oilseeds, and cereals. Paraquat’s mode of action is generally fast and it can be used under all climatic
Agrochemicals conditions. Due to this flexible nature, Paraquat is used in more than 90 countries across the globe. The major
Market application areas of Paraquat are food crops (rice, corn, soya, potatoes, and wheat), fruits (oranges, apples, and
bananas), beverages (tea, coffee, and cocoa), and several other processed crops such as rubber, cotton, palm
Global Opportunity
Analysis and Industry oil, and sugarcane.
Forecast, 2019-2026
139
Asia-Pacific was the highest contributor to the global paraquat market revenue with $568.9 million in 2018 and
is estimated to reach $1,141.0 million by 2026 growing at a CAGR of 8.9% from 2019 to 2026. LAMEA is
TABLE 51. AGROCHEMICALS MARKET FOR PARAQUAT, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 194.8 211.0 229.0 248.0 268.7 286.6 305.1 323.2 340.8 7.1%
Europe 76.3 81.1 86.4 91.9 97.7 102.9 108.3 113.8 119.3 5.7%
Asia-Pacific 568.9 627.3 692.0 761.7 837.7 908.4 984.1 1,061.6 1,141.0 8.9%
LAMEA 284.0 311.0 340.5 371.5 404.3 434.8 466.7 498.8 530.4 7.9%
Total 1,124.0 1,230.5 1,347.8 1,473.2 1,608.4 1,732.6 1,864.1 1,997.3 2,131.5 8.2%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
140
Asia-Pacific was the highest contributor to the global paraquat market volume with 17.7 kilotons in 2018 and is
TABLE 52. GLOBAL AGROCHEMICALS MARKET FOR PARAQUAT, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 5.7 5.9 6.1 6.3 6.6 6.8 7.1 7.3 7.6 3.7%
Europe 1.8 1.8 1.8 1.8 1.9 1.9 1.9 1.9 1.9 0.8%
Asia-Pacific 17.7 18.6 19.5 20.5 21.6 22.5 23.5 24.5 25.4 4.6%
LAMEA 9.5 9.9 10.4 10.9 11.4 11.8 12.3 12.7 13.2 4.1%
Total 34.7 36.2 37.8 39.6 41.5 43.1 44.7 46.4 48.1 4.1%
4.3.5.3.13. Others
Other synthetic herbicides that can be used to eliminate or control weeds are dicamba, diquat, butachlor, and
imazapyr. Butachlor belongs to the acetanilide class and is mostly used in the rice fields of Asia-Pacific, especially
Agrochemicals India. Dicamba is similar to 2, 4-D in functions. Dicamba is a benzoic acid formulation that is available in ready-
Market to-use form and is used on rye, barley, oats, asparagus, wheat, sugarcane, corn, and soybeans crops.
Global Opportunity
Forecast, 2019-2026
141
Asia-Pacific was the highest contributor to the global other synthetic herbicides market revenue with $8,933.5
2026. LAMEA is estimated to reach $5,467.0 million by 2026 with a CAGR of 3.0%.
TABLE 53. AGROCHEMICALS MARKET FOR OTHER SYNTHETIC HERBICIDES, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 2,280.6 2,332.9 2,390.9 2,451.4 2,516.1 2,553.5 2,592.5 2,625.2 2,651.6 1.8%
Europe 4,387.9 4,481.1 4,583.4 4,691.3 4,801.4 4,880.4 4,965.6 5,047.7 5,130.8 2.0%
Asia-Pacific 8,933.5 9,369.2 9,829.6 10,311.9 10,818.7 11,240.4 11,684.0 12,117.4 12,543.1 4.3%
LAMEA 4,277.8 4,440.8 4,610.0 4,778.2 4,944.6 5,080.8 5,219.6 5,350.4 5,467.0 3.0%
Total 19,879.9 20,623.9 21,413.9 22,232.7 23,080.8 23,755.1 24,461.6 25,140.7 25,792.5 3.2%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
142
Asia-Pacific was the highest contributor to the global other synthetic herbicides market volume with 298.1
kilotons in 2018 and is estimated to reach 422.0 kilotons by 2026 growing at a CAGR of 4.4% from 2019 to 2026.
LAMEA is estimated to reach 217.8 kilotons by 2026 with a CAGR of 3.6%.
TABLE 54. GLOBAL AGROCHEMICALS MARKET FOR OTHER SYNTHETIC HERBICIDES, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 65.5 67.2 69.2 71.4 73.9 75.7 77.6 79.6 81.4 2.8%
Europe 112.7 113.1 113.7 114.6 115.8 116.1 116.6 117.2 117.8 0.6%
Asia-Pacific 298.1 312.2 327.3 343.6 361.4 375.8 391.3 406.7 422.0 4.4%
LAMEA 163.1 169.7 176.6 184.0 192.0 198.2 205.0 211.6 217.8 3.6%
Total 639.4 662.2 686.8 713.6 743.1 765.8 790.6 815.0 839.1 3.4%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
143
4.3.6. Bioherbicides
Bioherbicides are biologically derived or bio-based weed control solutions that do not pose any serious harm
to the environment. Bioherbicides are based upon microorganisms such as viruses, bacteria, protozoa, fungi,
and certain insects. Bioherbicides that use fungi as their active ingredient, are usually referred to as
mycoherbicides. The use of bioherbicides has increased in the last few years due to their high degree of
specificity, no residues after use, no hazardous effect on the environment or humans, and high effectiveness in
management of weed population.

Asia-Pacific was the highest contributor to the global bioherbicides market revenue with $324.0 million in 2018
TABLE 55. AGROCHEMICALS MARKET FOR BIOHERBICIDES, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 462.1 546.5 643.0 754.4 882.7 1,006.3 1,140.2 1,280.3 1,426.4 14.7%
Agrochemicals Europe 570.4 666.8 776.9 903.5 1,048.3 1,169.7 1,308.5 1,453.4 1,605.7 13.4%
Market Asia-Pacific 324.0 416.7 532.9 679.1 862.7 1,018.9 1,199.6 1,391.1 1,593.4 21.1%
LAMEA 264.8 334.9 421.5 528.1 658.1 769.8 896.9 1,030.4 1,168.6 19.5%
Global Opportunity
Analysis and Industry Total 1,621.3 1,964.9 2,374.4 2,865.1 3,451.9 3,964.7 4,545.2 5,155.2 5,794.1 16.7%
Forecast, 2019-2026
144
Asia-Pacific was the highest contributor to the global bioherbicides market volume with 10.6 kilotons in 2018
TABLE 56. GLOBAL AGROCHEMICALS MARKET FOR BIOHERBICIDES, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 9.2 10.0 10.8 11.7 12.7 13.5 14.5 15.5 16.5 7.5%
Europe 8.7 9.2 9.8 10.4 11.0 11.6 12.2 12.8 13.4 5.5%
Asia-Pacific 10.6 12.5 14.6 17.1 20.0 22.7 25.7 28.8 32.2 14.5%
LAMEA 8.3 9.7 11.2 12.9 14.9 16.7 18.8 20.9 23.1 13.3%
Total 36.8 41.3 46.4 52.1 58.5 64.5 71.1 78.0 85.2 10.9%
4.3.7. Insecticides
Insecticides are the chemical or biologically derived formulations or a combination of both that are used for
protecting crops against a wide variety of insects and disease causing microorganisms. Targeted insects that
Agrochemicals are capable of harming the crop are bugs, ants, termites, flies, and mosquitoes. Vegetables and fruits grown
Market using insecticides should be washed properly before use as they are poisonous to humans. Insecticides work
by affecting the nervous system of insects. Insecticides can be categorized according to their origin and nature
Global Opportunity
Analysis and Industry into synthetic and bioinsecticides.
Forecast, 2019-2026
145
4.3.7.1. Market size and forecast, by insecticides type
The synthetic insecticides segment of the agrochemicals market is expected to be valued at $11,164.6 million
in 2018, and is projected to reach $14,426.0 million by 2026. The bioinsecticides segment of the agrochemicals
TABLE 57. AGROCHEMICALS MARKET FOR INSECTICIDES, BY TYPE 2018–2026 ($MILLION)
CAGR
BY INSECTICIDES 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
Synthetic
11,164.6 11,598.7 12,035.7 12,483.9 12,946.1 13,318.2 13,703.6 14,072.6 14,426.0 3.2%
Insecticides
Bioinsecticides 1,796.0 2,046.8 2,333.7 2,663.4 3,038.5 3,393.0 3,786.7 4,203.5 4,643.8 12.4%
Total 12,960.5 13,645.5 14,369.4 15,147.4 15,984.7 16,711.1 17,490.3 18,276.1 19,069.7 4.9%
Synthetic insecticides was the highest contributor to the global agrochemicals market volume with 587.2
Bioinsecticides is estimated to reach 38.4 kilotons by 2026 with a CAGR of 8.7%.
TABLE 58. GLOBAL AGROCHEMICALS MARKET FOR INSECTICIDES, BY TYPE, 2018-2026 (KILOTONS)
Agrochemicals BY INSECTICIDES 2018 2019 2020 2021 2022 2023 2024 2025 2026
CAGR
(2019 - 2026)
Market Synthetic
587.2 619.4 654.4 692.5 734.5 770.7 810.2 850.4 891.2 5.3%
Insecticides
Global Opportunity
Analysis and Industry Bioinsecticides 19.6 21.3 23.3 25.5 28.0 30.3 32.8 35.5 38.4 8.7%
Forecast, 2019-2026
Total 606.8 640.7 677.7 718.0 762.5 801.0 843.0 885.9 929.6 5.5%
146
Asia-Pacific was the highest contributor to the global insecticides market revenue with $5,206.4 million in 2018
TABLE 59. AGROCHEMICALS MARKET FOR INSECTICIDES, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 1,973.9 2,079.9 2,193.2 2,315.0 2,447.0 2,559.0 2,678.6 2,798.0 2,917.2 5.0%
Europe 3,503.0 3,594.5 3,688.5 3,788.5 3,891.7 3,973.6 4,060.7 4,147.0 4,235.7 2.4%
Asia-Pacific 5,206.4 5,572.9 5,963.8 6,388.7 6,852.6 7,265.9 7,712.1 8,167.1 8,632.5 6.5%
LAMEA 2,277.2 2,398.2 2,523.9 2,655.3 2,793.4 2,912.7 3,038.9 3,164.0 3,284.4 4.6%
Total 12,960.5 13,645.5 14,369.4 15,147.4 15,984.7 16,711.1 17,490.3 18,276.1 19,069.7 4.9%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
147
Asia-Pacific was the highest contributor to the global insecticides market volume with 279.0 kilotons in 2018
TABLE 60. GLOBAL AGROCHEMICALS MARKET FOR INSECTICIDES, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 66.1 69.2 72.8 76.7 81.0 84.6 88.6 92.6 96.7 4.9%
Europe 104.8 106.9 109.3 112.0 115.0 117.2 119.7 122.3 125.0 2.3%
Asia-Pacific 279.0 298.1 318.7 341.3 366.2 388.2 412.1 436.6 461.8 6.5%
LAMEA 156.9 166.5 176.9 188.1 200.3 211.0 222.6 234.4 246.1 5.7%
Total 606.8 640.7 677.7 718.0 762.5 801.0 843.0 885.9 929.6 5.5%
4.3.8. Synthetic Insecticides

Synthetic insecticides are more poisonous and can cause several health problems on ingestion. Some of the
Agrochemicals major synthetic herbicides available in the market include organophosphate, pyrethroids, methyl carbamate,
Market and neonicotinoids. The use of pyrethroid insecticides has increased in the last decade as they are less
Global Opportunity poisonous and harmful as compared to other insecticides such as organophosphates.
Forecast, 2019-2026
148
4.3.8.1. Market size and forecast, by synthetic insecticides type
The organophosphates segment of the agrochemicals market is expected to be valued at $3,347.7 million in
2018, and is projected to reach $4,449.4 million by 2026. The methyl carbamate segment of the agrochemicals
TABLE 61. AGROCHEMICALS MARKET FOR SYNTHETIC INSECTICIDES, BY TYPE 2018–2026 ($MILLION)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
INSECTICIDES (2019 - 2026)
Organophosphates 3,347.7 3,485.9 3,629.6 3,779.3 3,935.6 4,062.7 4,195.7 4,324.6 4,449.4 3.5%
Pyrethroids 2,214.4 2,277.5 2,341.6 2,407.0 2,473.6 2,520.5 2,568.9 2,612.8 2,652.4 2.2%
Methyl carbamate 1,254.6 1,300.5 1,347.8 1,398.3 1,450.6 1,491.2 1,533.8 1,574.5 1,613.4 3.1%
Neonicotinoids 1,063.4 1,106.1 1,149.4 1,192.1 1,234.0 1,270.3 1,306.8 1,341.7 1,375.0 3.2%
Others 3,284.5 3,428.7 3,567.3 3,707.3 3,852.3 3,973.6 4,098.4 4,219.1 4,335.8 3.4%
Total 11,164.6 11,598.7 12,035.7 12,483.9 12,946.1 13,318.2 13,703.6 14,072.6 14,426.0 3.2%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
149
Organophosphates was the highest contributor to the global agrochemicals market volume with 150.2 kilotons
in 2018 and is estimated to reach 213.6 kilotons by 2026 growing at a CAGR of 4.5% from 2019 to 2026.
Pyrethroids is estimated to reach 135.8 kilotons by 2026 with a CAGR of 3.3%.
TABLE 62. GLOBAL AGROCHEMICALS MARKET FOR SYNTHETIC INSECTICIDES, BY TYPE, 2018-2026 (KILOTONS)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Organophosphates 150.2 157.2 164.7 173.0 182.0 189.4 197.4 205.5 213.6 4.5%
Pyrethroids 104.7 108.5 112.5 116.8 121.5 124.9 128.7 132.3 135.8 3.3%
Methyl carbamate 70.1 73.1 76.4 80.0 83.9 87.0 90.4 93.8 97.2 4.1%
Neonicotinoids 69.2 73.2 77.6 82.4 87.6 92.2 97.2 102.3 107.5 5.6%
Others 192.9 207.4 223.1 240.5 259.6 277.2 296.4 316.4 337.1 7.2%
Total 587.2 619.4 654.4 692.5 734.5 770.7 810.2 850.4 891.2 5.3%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
150
Asia-Pacific was the highest contributor to the global synthetic insecticides market revenue with $4,639.9 million
TABLE 63. AGROCHEMICALS MARKET FOR SYNTHETIC INSECTICIDES, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 1,474.9 1,522.2 1,570.2 1,619.1 1,670.4 1,704.4 1,739.4 1,770.4 1,797.3 2.4%
Europe 3,097.3 3,149.3 3,199.9 3,251.4 3,302.2 3,338.4 3,375.4 3,410.1 3,445.3 1.3%
Asia-Pacific 4,639.9 4,901.6 5,168.8 5,447.1 5,738.8 5,987.1 6,246.5 6,500.4 6,749.7 4.7%
LAMEA 1,952.5 2,025.6 2,096.9 2,166.3 2,234.8 2,288.3 2,342.2 2,391.6 2,433.7 2.7%
Total 11,164.6 11,598.7 12,035.7 12,483.9 12,946.1 13,318.2 13,703.6 14,072.6 14,426.0 3.2%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
151
Asia-Pacific was the highest contributor to the global synthetic insecticides market volume with 272.1 kilotons
in 2018 and is estimated to reach 445.1 kilotons by 2026 growing at a CAGR of 6.3% from 2019 to 2026. LAMEA
TABLE 64. GLOBAL AGROCHEMICALS MARKET FOR SYNTHETIC INSECTICIDES, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 61.2 64.1 67.3 70.8 74.7 78.0 81.5 85.1 88.8 4.8%
Europe 101.2 103.2 105.4 108.0 110.9 112.9 115.3 117.7 120.2 2.2%
Asia-Pacific 272.1 290.3 310.0 331.4 355.0 375.8 398.4 421.4 445.1 6.3%
LAMEA 152.6 161.8 171.7 182.3 193.9 204.0 215.0 226.1 237.1 5.6%
Total 587.2 619.4 654.4 692.5 734.5 770.7 810.2 850.4 891.2 5.3%
4.3.8.2.1. Organophosphates
Organophosphates work by affecting the insects’ nervous system in a way that it disrupts the enzymes required
for regulating the neurotransmitter acetylcholine. Organophosphates include Malathion, ethion, parathion,
Agrochemicals dichlorvos, fenthion, chlorpyrifos, and diazinon. As reported by the EPA, chlorpyrifos is the most commonly used
Market organophosphate across the globe. Organophosphates are considered harmful and care should be taken to
avoid their contact with pets, children, as well as the environment. The demand and consumption of
Global Opportunity
Analysis and Industry organophosphates has decreased in the last few years as there are several other alternatives present in the
Forecast, 2019-2026 market that are less harmful comparatively.
152
Asia-Pacific was the highest contributor to the global fertilizers market revenue with $1,404.2 million in 2018
TABLE 65. AGROCHEMICALS MARKET FOR FERTILIZERS, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 432.8 447.6 463.2 479.4 496.5 508.5 521.0 532.2 542.3 2.8%
Europe 911.4 928.5 946.4 965.1 984.1 997.5 1,011.7 1,025.3 1,039.2 1.6%
Asia-Pacific 1,404.2 1,486.6 1,572.8 1,663.6 1,759.7 1,842.2 1,929.0 2,014.6 2,099.4 5.1%
LAMEA 599.2 623.1 647.2 671.2 695.3 714.5 734.1 752.4 768.5 3.0%
Total 3,347.7 3,485.9 3,629.6 3,779.3 3,935.6 4,062.7 4,195.7 4,324.6 4,449.4 3.5%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
153
Asia-Pacific was the highest contributor to the global fertilizers market volume with 69.4 kilotons in 2018 and is
estimated to reach 106.3 kilotons by 2026 growing at a CAGR of 5.4% from 2019 to 2026. LAMEA is estimated
TABLE 66. GLOBAL AGROCHEMICALS MARKET FOR FERTILIZERS, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 15.4 16.0 16.6 17.3 18.1 18.8 19.5 20.2 20.9 3.9%
Europe 26.2 26.5 26.9 27.3 27.8 28.1 28.5 28.8 29.2 1.4%
Asia-Pacific 69.4 73.5 77.8 82.5 87.7 92.1 96.8 101.6 106.3 5.4%
LAMEA 39.2 41.2 43.4 45.8 48.3 50.4 52.7 54.9 57.1 4.8%
Total 150.2 157.2 164.7 173.0 182.0 189.4 197.4 205.5 213.6 4.5%
4.3.8.2.3. Pyrethroids
Pyrethroids are derived from chrysanthemums and are used on commercial as well as domestic level to control
a wide range of insects. The demand for pyrethroids increased in 1990s and replaced other insecticides present
Agrochemicals in the market that pose serious threat to the environment. Pyrethroids are sensitive to light, heat, and moisture
Market and work for only a few years on exposure to sun. However, on protection Pyrethroids are used across the globe
due to its highly efficient activity against a wide range of insecticides. According to EPA risk assessment,
Global Opportunity
Analysis and Industry pyrethroids are less harmful as compared to other insecticides such as organophosphates.
Forecast, 2019-2026
154
Asia-Pacific was the highest contributor to the global pyrethroids market revenue with $938.9 million in 2018
TABLE 67. AGROCHEMICALS MARKET FOR PYRETHROIDS, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 300.6 307.1 313.9 320.8 328.0 331.6 335.3 338.2 340.1 1.5%
Europe 584.6 588.1 591.6 595.3 598.7 598.9 599.3 599.1 598.9 0.3%
Asia-Pacific 938.9 981.7 1,025.3 1,070.4 1,117.2 1,154.3 1,192.6 1,229.0 1,263.5 3.7%
LAMEA 390.3 400.7 410.8 420.5 429.7 435.7 441.6 446.5 449.8 1.7%
Total 2,214.4 2,277.5 2,341.6 2,407.0 2,473.6 2,520.5 2,568.9 2,612.8 2,652.4 2.2%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
155
Asia-Pacific was the highest contributor to the global pyrethroids market volume with 48.7 kilotons in 2018 and
TABLE 68. GLOBAL AGROCHEMICALS MARKET FOR PYRETHROIDS, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 11.1 11.4 11.7 12.1 12.5 12.8 13.2 13.5 13.8 2.7%
Europe 17.9 17.9 18.0 18.1 18.2 18.2 18.2 18.2 18.2 0.2%
Asia-Pacific 48.7 51.0 53.5 56.1 58.9 61.2 63.5 65.8 68.0 4.2%
LAMEA 27.0 28.1 29.3 30.5 31.8 32.8 33.9 34.9 35.8 3.5%
Total 104.7 108.5 112.5 116.8 121.5 124.9 128.7 132.3 135.8 3.3%
4.3.8.2.5. Methyl carbamate

Methyl carbamate is used for protecting crops against a broad range of insects. Several serious health issues
are related with the use of methyl carbamate as it is a non-selective insecticide and acts as stomach poison
Agrochemicals upon ingestion. Thus, the use of methyl carbamate has decreased in the last few years and it is being replaced
Market by other less toxic and eco-friendly insecticides.
Global Opportunity
Forecast, 2019-2026
156
Asia-Pacific was the highest contributor to the global methyl carbamate market revenue with $527.2 million in
2018 and is estimated to reach $762.6 million by 2026 growing at a CAGR of 4.6% from 2019 to 2026. LAMEA
is estimated to reach $284.0 million by 2026 with a CAGR of 2.5%.
TABLE 69. AGROCHEMICALS MARKET FOR METHYL CARBAMATE, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 173.2 178.3 183.7 189.5 195.6 199.7 203.8 207.6 210.8 2.4%
Europe 323.2 327.7 332.4 337.7 343.0 346.0 349.5 352.7 355.9 1.2%
Asia-Pacific 527.2 555.5 585.0 616.4 649.6 677.2 706.3 734.7 762.6 4.6%
LAMEA 231.2 239.0 246.8 254.7 262.5 268.2 274.2 279.5 284.0 2.5%
Total 1,254.6 1,300.5 1,347.8 1,398.3 1,450.6 1,491.2 1,533.8 1,574.5 1,613.4 3.1%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
157
Asia-Pacific was the highest contributor to the global methyl carbamate market volume with 32.4 kilotons in
2018 and is estimated to reach 48.5 kilotons by 2026 growing at a CAGR of 5.1% from 2019 to 2026. LAMEA is
TABLE 70. GLOBAL AGROCHEMICALS MARKET FOR METHYL CARBAMATE, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 7.5 7.7 8.0 8.4 8.7 9.0 9.3 9.6 9.9 3.6%
Europe 12.1 12.3 12.4 12.6 12.8 12.8 13.0 13.1 13.2 1.1%
Asia-Pacific 32.4 34.2 36.1 38.2 40.5 42.4 44.4 46.5 48.5 5.1%
LAMEA 18.1 18.9 19.9 20.9 21.9 22.8 23.7 24.6 25.5 4.3%
Total 70.1 73.1 76.4 80.0 83.9 87.0 90.4 93.8 97.2 4.1%
4.3.8.2.7. Neonicotinoids
Neonicotinoids were first developed by Shell in the year 1980, and were then developed by Bayer in 1990s. They
belong to a class of neuro-active, nicotine-based insecticide formulations. Neonicotinoids’ mode of action is
Agrochemicals similar to that of nicotine. Neonicotinoids eliminate insects by binding with their nicotinic acetylcholine receptor
Market site, leaving them paralyzed resulting in their death within a few hours. Neonicotinoids are highly soluble in
water and thus are easily absorbed by the plants from the soil. Imidacloprid was the first ever, commercialized
Global Opportunity
Analysis and Industry neonicotinoids that was developed by Bayer and was a major ingredient of the company’s advanced green
Forecast, 2019-2026 insecticides portfolio. They have highly toxic effects on invertebrates and insects, than that on mammals, birds,
or other organisms.
158
Asia-Pacific was the highest contributor to the global neonicotinoids market revenue with $445.7 million in 2018
TABLE 71. AGROCHEMICALS MARKET FOR NEONICOTINOIDS, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 136.5 141.1 145.8 150.3 154.9 157.9 161.1 163.8 166.2 2.4%
Europe 286.8 291.9 296.9 301.6 305.7 309.4 312.8 316.0 319.3 1.3%
Asia-Pacific 445.7 471.2 497.4 524.0 550.9 574.8 599.4 623.5 647.0 4.6%
LAMEA 194.3 201.9 209.3 216.2 222.6 228.1 233.5 238.4 242.5 2.7%
Total 1,063.4 1,106.1 1,149.4 1,192.1 1,234.0 1,270.3 1,306.8 1,341.7 1,375.0 3.2%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
159
Asia-Pacific was the highest contributor to the global neonicotinoids market volume with 32.0 kilotons in 2018
TABLE 72. GLOBAL AGROCHEMICALS MARKET FOR NEONICOTINOIDS, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 7.0 7.3 7.7 8.1 8.6 9.0 9.4 9.9 10.3 5.1%
Europe 12.0 12.3 12.6 12.9 13.3 13.6 13.9 14.3 14.6 2.5%
Asia-Pacific 32.0 34.3 36.7 39.3 42.2 44.8 47.7 50.6 53.5 6.6%
LAMEA 18.2 19.4 20.6 22.0 23.5 24.8 26.2 27.6 29.0 5.9%
Total 69.2 73.2 77.6 82.4 87.6 92.2 97.2 102.3 107.5 5.6%
4.3.8.2.9. Others
Other synthetic insecticides available in the market include spinosyns, botanicals, formamidines, and
dinitrophenols. Amitraz, chlordimeform, and formethanate are the chief formamidines used for crop protection.
Agrochemicals Formamidines belong to the group of acaricide-based insecticides and cause behavioral changes in the targeted
Market species upon application. Dinitrophenols work by interfering with the metabolic system of the organism and
preventing oxidative phosphorylation.
Global Opportunity
Forecast, 2019-2026
160
Asia-Pacific was the highest contributor to the global other synthetic insecticides market revenue with $1,323.9
2026. LAMEA is estimated to reach $688.9 million by 2026 with a CAGR of 3.0%.
TABLE 73. AGROCHEMICALS MARKET FOR OTHER SYNTHETIC INSECTICIDES, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 431.8 448.0 463.5 479.1 495.4 506.6 518.2 528.7 537.9 2.6%
Europe 991.2 1,013.2 1,032.6 1,051.7 1,070.8 1,086.6 1,102.1 1,116.9 1,132.0 1.6%
Asia-Pacific 1,323.9 1,406.6 1,488.4 1,572.7 1,661.4 1,738.6 1,819.2 1,898.6 1,977.1 5.0%
LAMEA 537.5 560.9 582.8 603.8 624.7 641.8 658.9 674.9 688.9 3.0%
Total 3,284.5 3,428.7 3,567.3 3,707.3 3,852.3 3,973.6 4,098.4 4,219.1 4,335.8 3.4%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
161
Asia-Pacific was the highest contributor to the global other synthetic insecticides market volume with 172.1
LAMEA is estimated to reach 150.8 kilotons by 2026 with a CAGR of 6.0%.
TABLE 74. GLOBAL AGROCHEMICALS MARKET FOR OTHER SYNTHETIC INSECTICIDES, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 39.5 41.5 43.6 46.0 48.6 50.9 53.3 55.7 58.2 5.0%
Europe 64.7 66.3 68.1 70.1 72.4 74.0 76.0 77.9 80.0 2.7%
Asia-Pacific 172.1 184.0 196.8 210.8 226.2 239.8 254.6 269.7 285.2 6.5%
LAMEA 94.5 100.6 107.1 114.1 121.8 128.6 135.9 143.4 150.8 6.0%
Total 370.8 392.3 415.6 441.0 468.9 493.3 519.7 546.7 574.2 5.6%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
162
4.3.9. Bioinsecticides
Bioinsecticides are biologically derived formulations or microorganisms that are used for eliminating insect
populations harmful for the vegetation or crops. Bioinsecticides are able to control a wide range of insects and
work by interfering with the growth stages of insects. Based on microorganism used, bioinsecticides can be
classified into microbial, viral, fungal, protozoal bioinsecticides.

Asia-Pacific was the highest contributor to the global bioinsecticides market volume with $566.5 million in 2018
TABLE 75. AGROCHEMICALS MARKET FOR BIOINSECTICIDES, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 499.0 557.7 623.0 695.9 776.6 854.6 939.1 1,027.6 1,119.9 10.5%
Europe 405.7 445.2 488.7 537.0 589.5 635.1 685.3 736.8 790.4 8.5%
Asia-Pacific 566.5 671.3 795.0 941.6 1,113.8 1,278.8 1,465.6 1,666.7 1,882.8 15.9%
Agrochemicals LAMEA 324.7 372.6 427.0 488.9 558.7 624.4 696.7 772.4 850.7 12.5%
Market Total 1,796.0 2,046.8 2,333.7 2,663.4 3,038.5 3,393.0 3,786.7 4,203.5 4,643.8 12.4%

Forecast, 2019-2026
163
Asia-Pacific was the highest contributor to the global bioinsecticides market volume with 6.9 kilotons in 2018
TABLE 76. GLOBAL AGROCHEMICALS MARKET FOR BIOINSECTICIDES, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 4.8 5.1 5.5 5.9 6.3 6.7 7.1 7.5 7.9 6.4%
Europe 3.6 3.7 3.8 4.0 4.1 4.3 4.4 4.6 4.8 3.7%
Asia-Pacific 6.9 7.8 8.8 9.9 11.2 12.4 13.7 15.2 16.7 11.6%
LAMEA 4.3 4.7 5.2 5.8 6.4 6.9 7.6 8.3 8.9 9.5%
Total 19.6 21.3 23.3 25.5 28.0 30.3 32.8 35.5 38.4 8.7%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
164
4.3.10. Fungicides
Fungicides are chemicals or biologically derived formulations that are used to control the growth of fungi. Fungi
are capable of causing serious damage to the crop, lowering its productivity as well as quality. Most of the
fungicides are used in liquid form with sulfur as their active ingredient. Other things that can be used as active
ingredients in fungicides are neem oil, jojoba oil, rosemary oil, and several beneficial species of bacteria and
fungi, such as Bacillus subtilis and Ulocladium oudemansii. The three main types of fungicides are contact,
translaminar, and systemic fungicides. Contact fungicides do not protect the plant tissue as they are sprayed on
the plant. Translaminar fungicides work by redistributing the sprayed fungicide from upper (sprayed) to lower
(unsprayed) surface of the leaf whereas systemic fungicides distribute the fungicide to the xylem of the plant
tissue.
4.3.10.1. Market size and forecast, by fertilizers type

The synthetic fungicides segment of the agrochemicals market is expected to be valued at $11,748.8 million in
2018, and is projected to reach $15,425.6 million by 2026. The bio fungicides segment of the agrochemicals
TABLE 77. AGROCHEMICALS MARKET FOR FUNGICIDES, BY TYPE 2018–2026 ($MILLION)
Agrochemicals BY FUNGICIDES 2018 2019 2020 2021 2022 2023 2024 2025 2026
CAGR
Market (2019 - 2026)
Synthetic fungicides 11,748.8 12,257.1 12,759.2 13,256.1 13,750.7 14,177.6 14,610.7 15,027.0 15,425.6 3.3%
Global Opportunity
Biofungicides 1,607.1 1,820.8 2,067.3 2,350.7 2,674.8 2,978.6 3,315.9 3,672.3 4,048.1 12.1%
Forecast, 2019-2026 Total 13,356.0 14,077.9 14,826.5 15,606.9 16,425.4 17,156.3 17,926.6 18,699.4 19,473.7 4.7%
165
Synthetic fungicides was the highest contributor to the global agrochemicals market volume with 370.8 kilotons
in 2018 and is estimated to reach 574.2 kilotons by 2026 growing at a CAGR of 5.6% from 2019 to 2026. Bio
fungicides is estimated to reach 27.9 kilotons by 2026 with a CAGR of 10.0%.
TABLE 78. GLOBAL AGROCHEMICALS MARKET FOR FUNGICIDES, BY TYPE, 2018-2026 (KILOTONS)
CAGR
BY FUNGICIDES 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
Synthetic fungicides 370.8 392.3 415.6 441.0 468.9 493.3 519.7 546.7 574.2 5.6%
Biofungicides 12.9 14.3 15.8 17.5 19.4 21.3 23.4 25.6 27.9 10.0%
Total 383.8 406.6 431.4 458.5 488.4 514.5 543.1 572.3 602.1 5.8%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
166
Asia-Pacific was the highest contributor to the global fungicides market volume with $5,878.4 million in 2018
TABLE 79. AGROCHEMICALS MARKET FOR FUNGICIDES, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 1,894.2 1,986.5 2,083.3 2,183.9 2,290.1 2,377.8 2,470.8 2,562.3 2,652.2 4.2%
Europe 2,614.5 2,682.7 2,750.3 2,817.5 2,882.7 2,941.9 3,000.7 3,058.6 3,118.0 2.2%
Asia-Pacific 5,878.4 6,280.7 6,702.8 7,151.1 7,630.7 8,064.8 8,527.6 8,997.1 9,475.0 6.0%
LAMEA 2,968.9 3,128.0 3,290.1 3,454.4 3,621.9 3,771.8 3,927.5 4,081.4 4,228.5 4.4%
Total 13,356.0 14,077.9 14,826.5 15,606.9 16,425.4 17,156.3 17,926.6 18,699.4 19,473.7 4.7%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
167
Asia-Pacific was the highest contributor to the global fungicides market volume with 177.1 kilotons in 2018 and
TABLE 80. GLOBAL AGROCHEMICALS MARKET FOR FUNGICIDES, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 43.2 45.4 47.9 50.5 53.5 56.1 58.8 61.6 64.5 5.1%
Europe 66.9 68.6 70.5 72.6 75.0 76.7 78.7 80.8 82.9 2.8%
Asia-Pacific 177.1 189.8 203.5 218.5 235.1 249.8 265.9 282.4 299.4 6.7%
LAMEA 96.5 102.8 109.5 116.9 124.8 131.9 139.6 147.4 155.2 6.1%
Total 383.8 406.6 431.4 458.5 488.4 514.5 543.1 572.3 602.1 5.8%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
168
4.3.11. Synthetic fungicides
The major synthetic fungicides available in the market are dithiocarbamates, benzimidazoles, chloronitriles,
triazoles, phenylamides, and strobilurins.
4.3.11.1. Market size and forecast, by synthetic fungicides type

The triazoles segment of the agrochemicals market was to be valued at $2,121.1 million in 2018, and is projected
to reach $2,774.0 million by 2026. The phenylamides segment of the agrochemicals market is expected to grow
at the CAGR of 4.1% during the forecast period.
TABLE 81. AGROCHEMICALS MARKET FOR SYNTHETIC FUNGICIDES, BY TYPE 2018–2026 ($MILLION)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
FUNGICIDES (2019 - 2026)
Dithiocarbamates 361.0 375.0 388.8 403.0 417.3 428.8 440.7 452.1 462.8 3.1%
Benzimidazoles 263.3 271.6 279.4 287.0 294.3 299.8 305.4 310.4 314.8 2.1%
Chloronitriles 277.2 285.9 294.2 302.4 310.1 316.0 321.8 327.0 331.6 2.1%
Triazoles 2,121.1 2,212.2 2,302.1 2,390.8 2,477.8 2,553.8 2,630.4 2,703.8 2,774.0 3.3%
Phenylamides 288.9 302.5 316.0 329.5 348.1 360.2 374.2 388.0 401.4 4.1%
Agrochemicals Strobilurins 2,122.0 2,207.9 2,292.3 2,374.9 2,455.7 2,524.9 2,594.4 2,660.5 2,723.0 3.0%
Market
Others 6,315.5 6,601.9 6,886.4 7,168.6 7,447.5 7,694.0 7,943.7 8,185.2 8,417.9 3.5%
Global Opportunity
Total 11,748.8 12,257.1 12,759.2 13,256.1 13,750.7 14,177.6 14,610.7 15,027.0 15,425.6 3.3%
169
Triazoles was the highest contributor to the global agrochemicals market volume with 56.8 kilotons in 2018 and
is estimated to reach 85.1 kilotons by 2026 growing at a CAGR of 5.1% from 2019 to 2026. Phenylamides is
TABLE 82. GLOBAL AGROCHEMICALS MARKET FOR SYNTHETIC FUNGICIDES, BY TYPE, 2018-2026 (KILOTONS)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Benzimidazoles 12.1 12.7 13.3 14.0 14.8 15.4 16.1 16.8 17.5 4.7%
Chloronitriles 9.6 10.3 11.0 11.8 12.7 13.5 14.4 15.3 16.2 6.7%
Triazoles 56.8 59.9 63.2 66.8 70.7 74.1 77.7 81.4 85.1 5.1%
Phenylamides 13.9 14.8 15.7 16.7 17.8 18.8 19.9 21.0 22.1 5.9%
Strobilurins 59.8 63.2 66.9 70.9 75.3 79.2 83.3 87.5 91.8 5.5%
Others 202.7 214.6 227.5 241.6 257.0 270.6 285.3 300.3 315.7 5.7%
Total 370.8 392.3 415.6 441.0 468.9 493.3 519.7 546.7 574.2 5.6%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
170
Asia-Pacific was the highest contributor to the global synthetic fungicides market revenue with $5,301.0 million
TABLE 83. AGROCHEMICALS MARKET FOR SYNTHETIC FUNGICIDES, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 1,399.0 1,443.0 1,486.1 1,527.7 1,569.0 1,595.8 1,623.5 1,647.5 1,667.9 2.1%
Europe 2,286.9 2,329.8 2,369.6 2,406.8 2,440.1 2,470.9 2,499.0 2,525.6 2,552.6 1.3%
Asia-Pacific 5,301.0 5,593.9 5,886.2 6,180.2 6,477.9 6,739.8 7,007.9 7,268.5 7,522.8 4.3%
LAMEA 2,761.9 2,890.4 3,017.3 3,141.5 3,263.6 3,371.2 3,480.3 3,585.4 3,682.3 3.5%
Total 11,748.8 12,257.1 12,759.2 13,256.1 13,750.7 14,177.6 14,610.7 15,027.0 15,425.6 3.3%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
171
Asia-Pacific was the highest contributor to the global synthetic fungicides market volume with 172.1 kilotons in
2018 and is estimated to reach 285.2 kilotons by 2026 growing at a CAGR of 6.5% from 2019 to 2026. LAMEA
TABLE 84. GLOBAL AGROCHEMICALS MARKET FOR SYNTHETIC FUNGICIDES, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 39.5 41.5 43.6 46.0 48.6 50.9 53.3 55.7 58.2 5.0%
Europe 64.7 66.3 68.1 70.1 72.4 74.0 76.0 77.9 80.0 2.7%
Asia-Pacific 172.1 184.0 196.8 210.8 226.2 239.8 254.6 269.7 285.2 6.5%
LAMEA 94.5 100.6 107.1 114.1 121.8 128.6 135.9 143.4 150.8 6.0%
Total 370.8 392.3 415.6 441.0 468.9 493.3 519.7 546.7 574.2 5.6%
4.3.11.2.1. Dithiocarbamates
Dithiocarbamates are analogs of carbamates, with both of the oxygen atoms replaced by sulfur atoms. The
general chemical formula of dithiocarbamates is (R1R2) N-(C=S)-SX. Apart from preventing the growth of fungi,
Agrochemicals dithiocarbamates are also used in the vulcanization of rubber and in animal repellants. Ziram Granuflow and
Market Thiram 50 WP are two fungicide products offered by Bayer. These fungicides prevent the formation of brown
rot, shot hole blossom blight, and leaf curls and freckles. Upon ingestion or absorption through skin,
Global Opportunity
Analysis and Industry dithiocarbamates cause irritation in the eyes, skin, and respiratory tract.
Forecast, 2019-2026
172
Dithiocarbamates are less toxic than other synthetic fungicides and do not contribute to ground water
contamination due to their short half-life in water. Another major advantage is that dithiocarbamates are
immobile in clay soil and hence do not stick to soil particles.

Asia-Pacific was the highest contributor to the global dithiocarbamates market volume with $161.7 million in
2018 and is estimated to reach $223.6 million by 2026 growing at a CAGR of 4.0% from 2019 to 2026. LAMEA
TABLE 85. AGROCHEMICALS MARKET FOR DITHIOCARBAMATES, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 42.1 43.4 44.6 45.8 47.1 47.9 48.7 49.4 50.0 2.1%
Europe 76.1 77.4 78.5 79.7 80.8 81.6 82.4 83.2 83.9 1.2%
Asia-Pacific 161.7 169.9 178.0 186.4 195.0 202.1 209.6 216.7 223.6 4.0%
LAMEA 81.0 84.4 87.7 91.1 94.5 97.2 100.1 102.8 105.2 3.2%
Total 361.0 375.0 388.8 403.0 417.3 428.8 440.7 452.1 462.8 3.1%
Market
Global Opportunity
Forecast, 2019-2026
173
Asia-Pacific was the highest contributor to the global dithiocarbamates market volume with 7.3 kilotons in 2018
TABLE 86. GLOBAL AGROCHEMICALS MARKET FOR DITHIOCARBAMATES, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 1.6 1.7 1.8 2.0 2.1 2.2 2.3 2.5 2.6 5.9%
Europe 2.8 2.9 3.0 3.1 3.3 3.4 3.5 3.6 3.7 3.6%
Asia-Pacific 7.3 7.9 8.5 9.1 9.8 10.5 11.2 12.0 12.7 7.1%
LAMEA 4.0 4.3 4.6 4.9 5.3 5.6 6.0 6.4 6.7 6.6%
Total 15.8 16.8 17.9 19.1 20.5 21.7 23.0 24.4 25.8 6.3%
4.3.11.2.3. Benzimidazoles
Benzimidazoles are aromatic organic compounds that are formed by the fusion of benzene and imidazole. On
a global basis, benzimidazoles are registered in over 70 countries for use as fungicides. They are used as a
Agrochemicals fungicidal agent for treating cereals, vegetables, and fruit crops. Carbendazim is the most widely used
Market benzimidazole fungi in the world. It is produced by several agrochemicals companies such as Crop Life Science
and Cheminova Ltd. Carbelza, a product of Crop Life Science is used to protect crops like bananas, cereals,
Global Opportunity
Analysis and Industry groundnut, cumin, and other fruits.
Forecast, 2019-2026
174
Similarly, Carzim-50, a carbendazim solution by Cheminova is applied to maize, apple, cotton, rice, and walnut
crops for protection against fungal diseases. Currently, benomyl, fuberidazole, thiophanate-methyl, and
carbendazim are used as active ingredients in most of the commercially available benzimidazole based
fungicides.
Asia-Pacific was the highest contributor to the global benzimidazoles market volume with $116.0 million in 2018
TABLE 87. AGROCHEMICALS MARKET FOR BENZIMIDAZOLES, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 30.5 31.1 31.5 32.0 32.4 32.5 32.6 32.6 32.6 0.7%
Europe 56.1 56.4 56.6 56.8 56.9 56.8 56.7 56.6 56.4 0.0%
Asia-Pacific 116.0 121.3 126.2 131.2 136.1 140.1 144.2 147.9 151.4 3.2%
LAMEA 60.7 62.9 65.0 67.0 68.8 70.4 71.9 73.2 74.4 2.4%
Agrochemicals Total 263.3 271.6 279.4 287.0 294.3 299.8 305.4 310.4 314.8 2.1%
Global Opportunity
Forecast, 2019-2026
175
Asia-Pacific was the highest contributor to the global benzimidazoles market volume with 5.6 kilotons in 2018
TABLE 88. GLOBAL AGROCHEMICALS MARKET FOR BENZIMIDAZOLES, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 1.2 1.3 1.3 1.4 1.5 1.5 1.6 1.6 1.7 3.7%
Europe 2.2 2.3 2.3 2.4 2.5 2.5 2.6 2.7 2.7 2.7%
Asia-Pacific 5.6 5.9 6.3 6.6 7.1 7.4 7.8 8.2 8.6 5.5%
LAMEA 3.1 3.2 3.4 3.6 3.8 4.0 4.2 4.4 4.5 5.0%
Total 12.1 12.7 13.3 14.0 14.8 15.4 16.1 16.8 17.5 4.7%
4.3.11.2.5. Chloronitriles
Chloronitriles are mostly used for the protection of beans, corn, coffee, wheat, soybean, peanuts, and tomatoes.
Chloronitrile-based fungicides were first registered for use in 1966 by EPA. Bravo Ultrex and Bravo Weather Stik,
Agrochemicals produced by Syngenta are two effective herbicides that contain chloronitriles are their active ingredient. Another
Market company, Sipcam Agro offers chloronitriles-based fungicides under the brand names, Echo 720 and Echo 90
DF.
Global Opportunity
Forecast, 2019-2026
176
Asia-Pacific was the highest contributor to the global chloronitriles market volume with $128.3 million in 2018
TABLE 89. AGROCHEMICALS MARKET FOR CHLORONITRILES, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 33.1 33.6 34.1 34.6 35.0 35.1 35.2 35.2 35.1 0.6%
Europe 51.5 52.3 53.0 53.7 54.3 54.8 55.2 55.6 56.0 1.0%
Asia-Pacific 128.3 133.6 138.7 143.8 148.8 152.8 156.7 160.3 163.6 2.9%
LAMEA 64.2 66.3 68.3 70.2 72.0 73.4 74.7 75.9 76.9 2.1%
Total 277.2 285.9 294.2 302.4 310.1 316.0 321.8 327.0 331.6 2.1%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
177
Asia-Pacific was the highest contributor to the global chloronitriles market volume with 4.5 kilotons in 2018 and
TABLE 90. GLOBAL AGROCHEMICALS MARKET FOR CHLORONITRILES, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 1.0 1.1 1.2 1.2 1.3 1.4 1.5 1.5 1.6 6.0%
Europe 1.6 1.7 1.7 1.8 1.9 1.9 2.0 2.1 2.2 3.7%
Asia-Pacific 4.5 4.9 5.3 5.7 6.2 6.6 7.1 7.6 8.1 7.6%
LAMEA 2.5 2.7 2.9 3.1 3.3 3.6 3.8 4.1 4.3 7.1%
Total 9.6 10.3 11.0 11.8 12.7 13.5 14.4 15.3 16.2 6.7%
4.3.11.2.7. Triazoles
Triazole-based fungicides are broad-spectrum fungicides used for the protecting crops and trees from fungal
diseases such as powdery mildews, rusts, and leaf spotting fungi. Triazoles causes abnormal growth and death
Agrochemicals of fungi by inhibiting the enzyme, C14-demethylase, essential for sterol production. Sterols are required for
Market proper structure and function of membranes. Some of the triazoles fungicides used in the agriculture are
triadimenol, flusilazole, epoxiconazole, propiconazole, tebuconazole, and paclobutrazole. Major companies
Global Opportunity
Analysis and Industry involved in the production of triazoles-based fungicides are Syngenta (Abound 2.08 F, Amistar, Heritage, and
Forecast, 2019-2026 Quadris), Bayer (Reason 500), and BASF (Cabrio 20EG, Headline 2.08EC, and Insignia 20WG).
178
Asia-Pacific was the highest contributor to the global triazoles market volume with $976.8 million in 2018 and
is estimated to reach $1,379.1 million by 2026 growing at a CAGR of 4.3% from 2019 to 2026. LAMEA is
TABLE 91. AGROCHEMICALS MARKET FOR TRIAZOLES, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 242.6 250.0 257.3 264.2 271.0 275.4 279.8 283.6 286.8 2.0%
Europe 404.3 411.6 418.4 424.6 430.0 435.2 439.8 444.1 448.5 1.2%
Asia-Pacific 976.8 1,030.3 1,083.6 1,137.1 1,190.6 1,238.1 1,286.5 1,333.4 1,379.1 4.3%
LAMEA 497.4 520.3 542.9 564.9 586.2 605.2 624.3 642.7 659.6 3.4%
Total 2,121.1 2,212.2 2,302.1 2,390.8 2,477.8 2,553.8 2,630.4 2,703.8 2,774.0 3.3%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
179
Asia-Pacific was the highest contributor to the global triazoles market volume with 26.4 kilotons in 2018 and is
TABLE 92. GLOBAL AGROCHEMICALS MARKET FOR TRIAZOLES, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 6.0 6.2 6.5 6.8 7.2 7.5 7.8 8.1 8.4 4.4%
Europe 10.0 10.3 10.6 10.9 11.2 11.5 11.8 12.1 12.4 2.7%
Asia-Pacific 26.4 28.1 29.9 31.8 34.0 35.9 37.9 39.9 42.0 5.9%
LAMEA 14.5 15.3 16.3 17.2 18.3 19.2 20.2 21.2 22.2 5.4%
Total 56.8 59.9 63.2 66.8 70.7 74.1 77.7 81.4 85.1 5.1%
4.3.11.2.9. Phenylamides
Phenylamides are used for controlling plant pathogens of the Downey mildew of Peronosporales and
Sclerosporales, oomycetes, Saprolegniales, and most of the members of Pythiales (e.g. Phytophthora and
Agrochemicals Pythium spp.). Phenylamides are applied to protect crops like avocados (Phytophthora root rot), asparagus
Market (Phytophthora spear rot), cucurbits and onions (Downey mildew), seed treatments for different crops (pea
Downey mildew, damping off diseases) potatoes and tomatoes (late blight), and soil drench for several crops
Global Opportunity
Analysis and Industry (damping off and root rot diseases).
Forecast, 2019-2026
180
Asia-Pacific was the highest contributor to the global phenylamides market volume with $127.2 million in 2018
TABLE 93. AGROCHEMICALS MARKET FOR PHENYLAMIDES, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 38.2 39.5 40.9 42.2 44.2 45.3 46.6 47.9 49.0 3.1%
Europe 60.3 61.7 63.0 64.3 66.4 67.4 68.6 69.9 71.1 2.1%
Asia-Pacific 127.2 134.8 142.4 150.1 160.4 167.5 175.7 183.7 191.7 5.2%
LAMEA 63.2 66.5 69.7 72.9 77.1 80.0 83.3 86.5 89.6 4.4%
Total 288.9 302.5 316.0 329.5 348.1 360.2 374.2 388.0 401.4 4.1%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
181
Asia-Pacific was the highest contributor to the global phenylamides market volume with 6.4 kilotons in 2018
TABLE 94. GLOBAL AGROCHEMICALS MARKET FOR PHENYLAMIDES, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 1.6 1.6 1.7 1.8 1.9 2.0 2.1 2.3 2.4 5.3%
Europe 2.4 2.5 2.6 2.7 2.7 2.8 2.9 3.0 3.1 3.1%
Asia-Pacific 6.4 6.9 7.4 7.9 8.5 9.1 9.7 10.3 10.9 6.8%
LAMEA 3.5 3.8 4.0 4.3 4.6 4.9 5.2 5.5 5.8 6.3%
Total 13.9 14.8 15.7 16.7 17.8 18.8 19.9 21.0 22.1 5.9%
4.3.11.2.11. Strobilurins
Strobilurins used for preventing fungal diseases include azoxystrobin, kresoxim-methyl, picoxystrobin,
oryzastrobin, dimoxystrobin, fluoxastrobin, and pyraclostrobin. They inhibit the respiratory chain of the cells at
Agrochemicals the level of complex III. Strobilurins are used for controlling a broad range of fungal diseases such as Erysiphe
Market graminis, f. sp. tritici causing powdery mildew in wheat, and Septoria tritici causing septoria leaf spotting in
wheat. They are also used on grapevines to control Plasmopara viticola causing Downey mildew in oidium
Global Opportunity
Analysis and Industry treatment.
Forecast, 2019-2026
182
Asia-Pacific was the highest contributor to the global strobilurins market volume with $973.1 million in 2018
TABLE 95. AGROCHEMICALS MARKET FOR STROBILURINS, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 240.1 247.0 253.7 260.1 266.3 270.0 273.9 277.1 279.7 1.8%
Europe 406.8 413.4 419.4 424.8 429.4 433.7 437.4 440.8 444.3 1.0%
Asia-Pacific 973.1 1,023.8 1,074.0 1,124.2 1,174.3 1,218.0 1,262.4 1,305.2 1,346.5 4.0%
LAMEA 502.1 523.8 545.2 565.8 585.8 603.2 620.7 637.4 652.5 3.2%
Total 2,122.0 2,207.9 2,292.3 2,374.9 2,455.7 2,524.9 2,594.4 2,660.5 2,723.0 3.0%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
183
Asia-Pacific was the highest contributor to the global strobilurins market volume with 27.8 kilotons in 2018 and
TABLE 96. GLOBAL AGROCHEMICALS MARKET FOR STROBILURINS, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 6.3 6.6 6.9 7.3 7.7 8.1 8.5 8.8 9.2 4.9%
Europe 10.5 10.8 11.0 11.4 11.7 12.0 12.3 12.6 12.9 2.6%
Asia-Pacific 27.8 29.7 31.7 33.9 36.3 38.5 40.8 43.1 45.6 6.3%
LAMEA 15.3 16.2 17.2 18.4 19.6 20.6 21.8 22.9 24.1 5.8%
Total 59.8 63.2 66.9 70.9 75.3 79.2 83.3 87.5 91.8 5.5%
4.3.11.2.13. Others
Other fungicides that are used for protection of crops against fungal diseases are pyridines, pyrimidines,
quinolones, dicarboximides, acylalanines, and many others. Vinclozin, procymidone, and iprodione are some of
Agrochemicals the dicarboximides used for protecting agricultural crops. Dicarboximides work by inhibiting the synthesis of
Market triglycerides in fungi. However, their continuous and excessive use over the years can render the plant species
resistant to it.
Global Opportunity
Forecast, 2019-2026
184
4.3.12. Biofungicides
Biofungicides are formulations that contain microorganisms such as bacteria, fungi, and actinomycetes. This
class of fungicides work by either suppressing or controlling the soil-borne pathogens and improving the health
of roots. They come in granular or powdered form and require special handling and storage conditions in order
to keep the microbes live.

Asia-Pacific was the highest contributor to the global biofungicides market volume with $577.3 million in 2018
TABLE 97. AGROCHEMICALS MARKET FOR BIOFUNGICIDES, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 495.2 543.5 597.3 656.3 721.1 781.9 847.3 914.8 984.3 8.9%
Europe 327.6 352.9 380.6 410.7 442.6 471.0 501.7 533.0 565.3 7.0%
Asia-Pacific 577.3 686.7 816.6 970.9 1,152.8 1,325.0 1,519.7 1,728.5 1,952.2 16.1%
Agrochemicals LAMEA 207.0 237.6 272.8 312.9 358.3 400.7 447.2 496.0 546.2 12.6%
Market Total 1,607.1 1,820.8 2,067.3 2,350.7 2,674.8 2,978.6 3,315.9 3,672.3 4,048.1 12.1%

Forecast, 2019-2026
185
Asia-Pacific was the highest contributor to the global biofungicides market volume with 5.0 kilotons in 2018
TABLE 98. GLOBAL AGROCHEMICALS MARKET FOR BIOFUNGICIDES, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 3.7 4.0 4.2 4.5 4.9 5.2 5.5 5.9 6.2 6.7%
Europe 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 3.0 3.8%
Asia-Pacific 5.0 5.8 6.7 7.7 8.9 10.1 11.4 12.7 14.2 13.7%
LAMEA 2.0 2.2 2.4 2.7 3.0 3.3 3.7 4.0 4.4 10.6%
Total 12.9 14.3 15.8 17.5 19.4 21.3 23.4 25.6 27.9 10.0%
4.3.13. Others
Other pesticides available in the agrochemicals market include nematicides (for killing nematodes such as
microscopic and worm-like organisms that feed on plant roots), algicides (for controlling algae present in
Agrochemicals swimming pools, canals, lakes, water tanks and other similar places), antimicrobials (for killing microorganisms
Market such as virus and bacteria), rodenticides (for controlling rodents and mice). Apart from these there are avicides
(for controlling birds that are harmful for the crops), miticides (for killing mites that feed on animals and plants),
Global Opportunity
Analysis and Industry and many others.
Forecast, 2019-2026
186
4.3.13.1. Market size and forecast, by fertilizers type
The synthetic pesticides segment of the agrochemicals market is expected to be valued at $3,147.7 million in
2018, and is projected to reach $3,839.4 million by 2026. The biopesticides segment of the agrochemicals market
is expected to grow at the CAGR of 18.6% during the forecast period.
TABLE 99. AGROCHEMICALS MARKET FOR OTHER PESTICIDES, BY TYPE 2018–2026 ($MILLION)
BY OTHER CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
PESTICIDES TYPE (2019 - 2026)
Biopesticides 1,319.8 1,591.6 1,905.5 2,267.4 2,684.2 3,181.6 3,763.7 4,447.3 5,249.7 18.6%
Total 4,467.5 4,839.5 5,256.3 5,718.9 6,236.6 6,810.1 7,469.2 8,223.1 9,089.1 9.4%
Synthetic pesticides was the highest contributor to the global agrochemicals market volume with 726.5 kilotons
Biopesticide is estimated to reach 46.0 kilotons by 2026 with a CAGR of 8.3%.
TABLE 100. GLOBAL AGROCHEMICALS MARKET FOR OTHER PESTICIDES, BY TYPE, 2018-2026 (KILOTONS)
Agrochemicals BY OTHER
2018 2019 2020 2021 2022 2023 2024 2025 2026
CAGR
Market PESTICIDES TYPE (2019 - 2026)
Synthetic Pesticides 726.5 745.5 766.1 788.6 813.3 829.7 847.8 864.9 880.7 2.4%
Global Opportunity
Biopesticides 23.7 26.2 28.8 31.4 34.1 36.9 39.8 42.8 46.0 8.3%
Forecast, 2019-2026 Total 750.2 771.7 794.9 820.0 847.4 866.6 887.6 907.7 926.7 2.6%
187
TABLE 101. AGROCHEMICALS MARKET FOR OTHER PESTICIDES, BY REGION 2018–2026 ($MILLION)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 379.9 386.7 393.8 400.3 406.7 408.7 410.5 411.1 410.3 0.9%
Europe 596.4 603.1 610.2 616.4 622.1 625.4 628.4 630.8 633.0 0.7%
Asia-Pacific 1,389.8 1,448.3 1,508.2 1,567.1 1,626.8 1,674.9 1,723.7 1,769.3 1,812.1 3.3%
LAMEA 781.6 809.9 838.7 867.6 896.8 919.5 942.9 964.7 984.0 2.8%
Total 3,147.7 3,248.0 3,350.8 3,451.5 3,552.4 3,628.5 3,705.5 3,775.9 3,839.4 2.4%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
188
Asia-Pacific was the highest contributor to the global fertilizers market volume with 331.4 kilotons in 2018 and
TABLE 102. GLOBAL AGROCHEMICALS MARKET FOR OTHER PESTICIDES, BY REGION, 2018-2026 (KILOTONS)
CAGR
BY REGION 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
North America 77.9 79.2 80.7 82.5 84.5 85.7 87.0 88.2 89.2 1.7%
Europe 131.3 131.2 131.4 131.9 132.7 132.4 132.5 132.5 132.6 0.2%
Asia-Pacific 331.4 343.6 356.4 370.3 385.4 396.2 407.9 419.0 429.6 3.2%
LAMEA 185.8 191.5 197.5 203.8 210.7 215.4 220.5 225.2 229.3 2.6%
Total 726.5 745.5 766.1 788.6 813.3 829.7 847.8 864.9 880.7 2.4%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
189
CHAPTER 5: AGROCHEMICALS MARKET, BY REGION
5.1. Overview
The global agrochemicals market is expected to be valued at $241,628.9 million in 2018, and is projected to
reach $336,375.4 million by 2026, registering a CAGR of 4.2% from 2019 to 2026. Asia-Pacific is expected to be
the highest contributor with $130,019.8 million in 2018, and is estimated to reach $181,255.9 million by 2026,
registering a CAGR of 4.2% during the forecast period. Europe is estimated to reach $65,846.2 million by 2026
at a significant CAGR of 3.8%. Europe and North America are expected to witness growth at a CAGR of 3.8%
and 3.5% respectively, during the forecast period.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
190
5.2. North America
North America accounted for the third largest share of the total agrochemicals market in 2018, after Asia-Pacific
and Europe, in terms of both revenue and volume. U.S. is the largest pesticide market in North America, followed
by Canada. The U.S. agrochemicals market is regulated by EPA. Product registration and approval for sale of
active ingredients and formulated agrochemicals is given by EPA. The applicant needs to provide all the required
data as per the EPA regulations in order to get its product registered. EPA ensures that the product is safe for
humans, plants, animals as well as the environment before approving its use.
Key factor responsible for growth of agrochemicals market in the North American region is the prevailing
adverse climatic conditions such as drought, making the use of agrochemicals necessary for improving the crop
yield. In addition, the floods in Canada also contributed towards the growth of agrochemicals in this region.
Across all the agrochemicals, the sales of pesticides experienced the maximum boost due to its rising demand
from commercial, consumer, as well as agricultural segments.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
191
5.2.1. Market size and forecast, by Type
The fertilizer segment is expected to be the highest contributor to the North America agrochemicals market, with
$23,694.7 million in 2018, and is estimated to reach $28,422.0 million by 2026, registering a CAGR of 2.3%. The
pesticide segment is estimated to reach $10,087 million by 2026.
TABLE 103. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY TYPE 2018–2026 ($MILLION)
BY AGROCHEMICALS CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
TYPE (2019 - 2026)
Fertilizer 23,694.7 24,287.1 24,930.8 25,614.1 26,335.0 26,837.1 27,389.2 27,917.2 28,422.0 2.3%
Pesticide 10,087.0 10,701.2 11,379.3 12,124.1 12,951.1 13,684.5 14,480.2 15,296.7 16,134.2 6.0%
Total 33,781.7 34,988.2 36,310.1 37,738.2 39,286.1 40,521.6 41,869.5 43,213.9 44,556.2 3.5%
Fertilizer was the highest contributor to the North America agrochemicals market volume with 27,768.1 kilotons
Pesticide is estimated to reach 448.4 kilotons by 2022 with a CAGR of 3.8%.
TABLE 104. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY TYPE 2018–2026 (KILOTONS)
Agrochemicals BY AGROCHEMICALS
2018 2019 2020 2021 2022 2023 2024 2025 2026
CAGR
TYPE (2019 - 2026)
Global Opportunity Pesticide 332.7 344.9 358.6 373.7 390.7 404.2 418.9 433.7 448.4 3.8%
Forecast, 2019-2026 Total 28,100.8 28,402.1 28,755.2 29,144.9 29,567.9 29,737.3 29,957.7 30,147.1 30,307.5 0.9%
192
5.2.2. Market size and forecast, by fertilizer type
Synthetic fertilizers was the highest contributor to the North America fertilizers market revenue with $23,613.5
2026. Biofertilizers is estimated to reach $132.5 million by 2026 with a CAGR of 5.9%.
TABLE 105. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY FERTILIZER TYPE 2018–2026 ($MILLION)
CAGR
BY FERTILIZER TYPE 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
Synthetic Fertilizers 23,613.5 24,198.1 24,834.8 25,511.8 26,226.5 26,722.8 27,268.9 27,790.8 28,289.5 2.3%
Biofertilizers 81.2 89.0 96.0 102.3 108.5 114.3 120.3 126.4 132.5 5.9%
Total 23,694.7 24,287.1 24,930.8 25,614.1 26,335.0 26,837.1 27,389.2 27,917.2 28,422.0 2.3%
Synthetic fertilizers was the highest contributor to the North America fertilizers market volume with 27,736.1
2026. Biofertilizers is estimated to reach 79.1 kilotons by 2026 with a CAGR of 11.2%.
TABLE 106. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY FERTILIZER TYPE 2018–2026 (KILOTONS)
Agrochemicals BY FERTILIZER TYPE 2018 2019 2020 2021 2022 2023 2024 2025 2026
CAGR
(2019 - 2026)
Market Synthetic Fertilizers 27,736.1 28,019.7 28,353.3 28,721.9 29,121.7 29,271.9 29,471.6 29,640.2 29,780.0 0.9%
Global Opportunity Biofertilizers 31.9 37.5 43.3 49.3 55.4 61.2 67.2 73.2 79.1 11.2%
Forecast, 2019-2026 Total 27,768.1 28,057.2 28,396.6 28,771.2 29,177.2 29,333.1 29,538.8 29,713.4 29,859.1 0.9%
193
5.2.3. Market size and forecast, by synthetic fertilizer type
Nitrogenous fertilizers was the highest contributor to the North America synthetic fertilizers market revenue
with $15,181.8 million in 2018 and is estimated to reach $17,659.2 million by 2026 growing at a CAGR of 1.9%
from 2019 to 2026. Phosphatic is estimated to reach $6,470.9 million by 2026 with a CAGR of 3.1%.
TABLE 107. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC FERTILIZER TYPE 2018–2026 ($MILLION)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
FERTILIZER TYPE (2019 - 2026)
Nitrogenous 15,181.8 15,504.5 15,857.0 16,229.5 16,620.8 16,872.1 17,152.0 17,414.1 17,659.2 1.9%
Phosphatic 5,080.6 5,242.1 5,418.8 5,610.0 5,814.8 5,971.4 6,141.4 6,307.9 6,470.9 3.1%
Potassic 3,351.2 3,451.5 3,559.0 3,672.3 3,790.9 3,879.4 3,975.5 4,068.8 4,159.4 2.7%
Total 23,613.5 24,198.1 24,834.8 25,511.8 26,226.5 26,722.8 27,268.9 27,790.8 28,289.5 2.3%
Nitrogenous fertilizers was the highest contributor to the North America synthetic fertilizers market volume
from 2019 to 2026. Phosphatic is estimated to reach 6,983.4 kilotons by 2026 with a CAGR of 1.3%.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
194
TABLE 108. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC FERTILIZER TYPE 2018–2026 (KILOTONS)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Nitrogenous 16,627.8 16,731.2 16,863.1 17,014.1 17,181.8 17,200.9 17,248.3 17,276.5 17,287.3 0.5%
Phosphatic 6,310.0 6,399.0 6,500.0 6,609.6 6,727.1 6,787.4 6,859.5 6,924.7 6,983.4 1.3%
Potassic 4,798.3 4,889.4 4,990.2 5,098.1 5,212.8 5,283.6 5,363.8 5,439.0 5,509.3 1.7%
Total 27,736.1 28,019.7 28,353.3 28,721.9 29,121.7 29,271.9 29,471.6 29,640.2 29,780.0 0.9%
5.2.4. Market size and forecast, by nitrogenous fertilizer type

Urea fertilizers was the highest contributor to the North America nitrogenous fertilizers market revenue with
$8,214.7 million in 2018 and is estimated to reach $9,347.0 million by 2026 growing at a CAGR of 1.6% from
2019 to 2026. Ammonia is estimated to reach $1,041.5 million by 2026 with a CAGR of 3.5%.
TABLE 109. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY NITROGENOUS FERTILIZER TYPE 2018–2026 ($MILLION)
BY NITROGENOUS CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Urea 8,214.7 8,368.9 8,536.4 8,713.4 8,897.3 9,006.7 9,130.3 9,243.5 9,347.0 1.6%
Agrochemicals Ammonia 789.9 819.8 851.8 885.7 922.0 950.6 981.5 1,011.7 1,041.5 3.5%
Market Calcium Ammonium

Nitrate
1,341.6 1,383.1 1,426.3 1,471.7 1,522.1 1,558.5 1,598.4 1,637.1 1,674.5 2.8%
Global Opportunity Other Nitrogenous

4,835.6 4,932.6 5,042.6 5,158.7 5,279.3 5,356.2 5,441.9 5,521.8 5,596.3 1.8%
Fertilizers
Forecast, 2019-2026 Total 15,181.8 15,504.5 15,857.0 16,229.5 16,620.8 16,872.1 17,152.0 17,414.1 17,659.2 1.9%
195
Urea fertilizers was the highest contributor to the North America nitrogenous fertilizers market volume with
9,477.9 kilotons in 2018 and is estimated to reach 9,819.2 kilotons by 2026 growing at a CAGR of 0.4% from
2019 to 2026. Ammonia is estimated to reach 821.1 kilotons by 2026 with a CAGR of 1.3%.
TABLE 110. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY NITROGENOUS FERTILIZER TYPE 2018–2026 (KILOTONS)
BY NITROGENOUS CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Urea 9,477.9 9,532.6 9,603.6 9,685.3 9,776.5 9,783.0 9,805.6 9,817.4 9,819.2 0.4%
Ammonia 739.9 750.8 763.1 776.3 790.4 797.7 806.4 814.2 821.1 1.3%
Calcium
1,479.9 1,497.4 1,517.7 1,539.8 1,563.5 1,573.9 1,586.8 1,598.1 1,607.7 1.0%
Ammonium Nitrate
Other Nitrogenous
4,930.1 4,950.4 4,978.8 5,012.8 5,051.5 5,046.3 5,049.4 5,046.9 5,039.2 0.3%
Fertilizers
Total 16,627.8 16,731.2 16,863.1 17,014.1 17,181.8 17,200.9 17,248.3 17,276.5 17,287.3 0.5%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
196
5.2.5. Market size and forecast, by phosphatic fertilizer type
DAP fertilizers was the highest contributor to the North America phosphatic fertilizers market revenue with
2019 to 2026. TSP is estimated to reach $456.1 million by 2026 with a CAGR of 3.4%.
TABLE 111. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY PHOSPHATIC FERTILIZER TYPE 2018–2026 ($MILLION)
BY PHOSPHATIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
DAP 1,595.0 1,645.8 1,701.9 1,762.9 1,828.5 1,878.8 1,933.5 1,987.1 2,039.7 3.1%
MAP 1,263.9 1,327.1 1,396.5 1,470.4 1,548.7 1,616.3 1,688.8 1,761.8 1,835.3 4.7%
TSP 349.5 362.0 375.3 389.7 405.1 417.3 430.4 443.4 456.1 3.4%
Other phosphatic
1,872.2 1,907.2 1,945.1 1,987.0 2,032.5 2,059.0 2,088.7 2,115.6 2,139.8 1.7%
fertilizers
Total 5,080.6 5,242.1 5,418.8 5,610.0 5,814.8 5,971.4 6,141.4 6,307.9 6,470.9 3.1%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
197
DAP fertilizers was the highest contributor to the North America phosphatic fertilizers market volume with
2019 to 2026. TSP is estimated to reach 576.1 kilotons by 2026 with a CAGR of 2.7%.
TABLE 112. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY PHOSPHATIC FERTILIZER TYPE 2018–2026 (KILOTONS)
BY PHOSPHATIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
DAP 1,978.2 2,005.3 2,036.1 2,069.6 2,105.6 2,123.6 2,145.3 2,164.8 2,182.3 1.2%
MAP 1,495.5 1,527.8 1,563.2 1,601.2 1,641.4 1,668.0 1,697.7 1,726.0 1,752.8 2.0%
TSP 463.8 477.5 492.4 508.1 524.7 537.1 550.5 563.5 576.1 2.7%
Other phosphatic
2,372.5 2,388.4 2,408.2 2,430.7 2,455.4 2,458.7 2,466.0 2,470.4 2,472.1 0.5%
fertilizers
Total 6,310.0 6,399.0 6,500.0 6,609.6 6,727.1 6,787.4 6,859.5 6,924.7 6,983.4 1.3%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
198
5.2.6. Market size and forecast, by potassic fertilizer type
Potassium chloride fertilizers was the highest contributor to the North America potassic fertilizers market
revenue with $2,920.8 million in 2018 and is estimated to reach $3,595.6 million by 2026 growing at a CAGR of
2.6% from 2019 to 2026. Potassium sulfate is estimated to reach $248.2 million by 2026 with a CAGR of 3.7%.
TABLE 113. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY POTASSIC FERTILIZER TYPE 2018–2026 ($MILLION)
BY POTASSIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Potassium sulfate 185.4 192.7 200.5 208.7 217.8 225.0 232.8 240.5 248.2 3.7%
Potassium
156.9 162.7 169.0 175.6 182.5 188.0 194.0 199.9 205.7 3.4%
magnesium sulfate
Others 88.1 90.7 93.6 96.6 99.9 102.3 104.9 107.4 109.9 2.8%
Total 3,351.2 3,451.5 3,559.0 3,672.3 3,790.9 3,879.4 3,975.5 4,068.8 4,159.4 2.7%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
199
Potassium chloride fertilizers was the highest contributor to the North America potassic fertilizers market
volume with 4,114.6 kilotons in 2018 and is estimated to reach 4,718.7 kilotons by 2026 growing at a CAGR of
1.7% from 2019 to 2026. Potassium magnesium sulfate is estimated to reach 292.0 kilotons by 2026 with a CAGR
of 2.2%.
TABLE 114. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY POTASSIC FERTILIZER TYPE 2018–2026 (KILOTONS)
BY POTASSIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Potassium
244.7 250.6 257.0 263.8 271.1 276.1 281.6 286.9 292.0 2.2%
magnesium sulfate
Others 129.6 130.8 132.2 133.8 135.5 136.1 136.8 137.3 137.7 0.7%
Total 4,798.3 4,889.4 4,990.2 5,098.1 5,212.8 5,283.6 5,363.8 5,439.0 5,509.3 1.7%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
200
5.2.7. Market size and forecast, by pesticide type
Synthetic pesticides was the highest contributor to the North America pesticide market revenue with $8,127.3
2026. Biopesticides is estimated to reach $4,813.0 million by 2026 with a CAGR of 11.8%.
TABLE 115. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY PESTICIDE TYPE 2018–2026 ($MILLION)
CAGR
(2019 - 2026)
Biopesticides 1,959.7 2,210.1 2,493.9 2,815.6 3,180.3 3,540.4 3,937.3 4,361.2 4,813.0 11.8%
Total 10,087.0 10,701.2 11,379.3 12,124.1 12,951.1 13,684.5 14,480.2 15,296.7 16,134.2 6.0%
Synthetic pesticides was the highest contributor to the North America pesticide market volume with 306.6
Biopesticides is estimated to reach 42.8 kilotons by 2026 with a CAGR of 6.4%.
TABLE 116. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY PESTICIDE TYPE 2018–2026 (KILOTONS)
Agrochemicals CAGR
Market (2019 - 2026)
Global Opportunity
Analysis and Industry Biopesticides 26.1 27.8 29.7 31.7 34.0 36.0 38.2 40.5 42.8 6.4%
Forecast, 2019-2026
Total 332.7 344.9 358.6 373.7 390.7 404.2 418.9 433.7 448.4 3.8%
201
5.2.8. Market size and forecast, by synthetic pesticides type
Herbicide was the highest contributor to the North America synthetic pesticide market revenue with $3,879.3
2026. Insecticide is estimated to reach $2,917.2 million by 2026 with a CAGR of 5.0%.
TABLE 117. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC PESTICIDE TYPE 2018–2026 ($MILLION)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Herbicide 3,879.3 4,038.0 4,215.1 4,409.3 4,627.0 4,798.7 4,983.0 5,164.0 5,341.5 4.1%
Insecticide 1,973.9 2,079.9 2,193.2 2,315.0 2,447.0 2,559.0 2,678.6 2,798.0 2,917.2 5.0%
Fungicide 1,894.2 1,986.5 2,083.3 2,183.9 2,290.1 2,377.8 2,470.8 2,562.3 2,652.2 4.2%
Others 379.9 386.7 393.8 400.3 406.7 408.7 410.5 411.1 410.3 0.9%
Total 8,127.3 8,491.1 8,885.4 9,308.5 9,770.8 10,144.1 10,542.9 10,935.4 11,321.3 4.2%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
202
Herbicide was the highest contributor to the North America synthetic pesticides market volume with 119.4
Fungicide is estimated to reach 64.5 kilotons by 2026 with a CAGR of 5.1%.
TABLE 118. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC PESTICIDE TYPE 2018–2026 (KILOTONS)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Herbicide 119.4 123.2 127.5 132.3 137.7 141.8 146.3 150.7 155.1 3.3%
Insecticide 66.1 69.2 72.8 76.7 81.0 84.6 88.6 92.6 96.7 4.9%
Fungicide 43.2 45.4 47.9 50.5 53.5 56.1 58.8 61.6 64.5 5.1%
Others 77.9 79.2 80.7 82.5 84.5 85.7 87.0 88.2 89.2 1.7%
Total 306.6 317.1 328.9 342.0 356.7 368.2 380.7 393.2 405.6 3.6%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
203
5.2.9. Market size and forecast, by Biopesticide type
Bioinsecticide was the highest contributor to the North America biopesticide market revenue with $499.0 million
Bioherbicide is estimated to reach $1,426.4 million by 2026 with a CAGR of 14.7%.
TABLE 119. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY BIOPESTICIDE TYPE 2018–2026 ($MILLION)
CAGR
BY BIOPESTICIDE 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
Bioherbicide 462.1 546.5 643.0 754.4 882.7 1,006.3 1,140.2 1,280.3 1,426.4 14.7%
Bioinsecticide 499.0 557.7 623.0 695.9 776.6 854.6 939.1 1,027.6 1,119.9 10.5%
Biofungicide 495.2 543.5 597.3 656.3 721.1 781.9 847.3 914.8 984.3 8.9%
Others 468.3 530.2 604.5 693.4 801.0 915.5 1,050.3 1,205.3 1,383.7 14.7%
Total 1,924.7 2,177.9 2,467.8 2,799.9 3,181.3 3,558.3 3,977.0 4,428.0 4,914.3 12.3%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
204
Bioherbicide was the highest contributor to the North America biopesticide market volume with 9.2 kilotons in
2018 and is estimated to reach 16.5 kilotons by 2026 growing at a CAGR of 7.5% from 2019 to 2026. Biofungicide
TABLE 120. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY BIOPESTICIDE TYPE 2018–2026 (KILOTONS)
CAGR
BY BIOPESTICIDE 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
Bioherbicide 9.2 10.0 10.8 11.7 12.7 13.5 14.5 15.5 16.5 7.5%
Bioinsecticide 4.8 5.1 5.5 5.9 6.3 6.7 7.1 7.5 7.9 6.4%
Biofungicide 3.7 4.0 4.2 4.5 4.9 5.2 5.5 5.9 6.2 6.7%
Others 8.4 8.7 9.2 9.6 10.2 10.6 11.1 11.6 12.1 4.8%
Total 26.1 27.8 29.7 31.7 34.0 36.0 38.2 40.5 42.8 6.4%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
205
5.2.10. Market size and forecast, by Herbicides type
Synthetic herbicide was the highest contributor to the North America herbicide market revenue with $3,417.2
2026. Bioherbicides is estimated to reach $1,426.4 million by 2026 with a CAGR of 14.7%.
TABLE 121. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY HERBICIDE TYPE 2018–2026 ($MILLION)
BY HERBICIDES CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
TYPE (2019 - 2026)
Bioherbicides 462.1 546.5 643.0 754.4 882.7 1,006.3 1,140.2 1,280.3 1,426.4 14.7%
Total 3,879.3 4,038.0 4,215.1 4,409.3 4,627.0 4,798.7 4,983.0 5,164.0 5,341.5 4.1%
Synthetic herbicide was the highest contributor to the North America herbicides market volume with 110.2
Bioherbicides is estimated to reach 16.5 kilotons by 2026 with a CAGR of 7.5%.
TABLE 122. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY HERBICIDE TYPE 2018–2026 (KILOTONS)
Agrochemicals BY HERBICIDES CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Synthetic herbicides 110.2 113.3 116.7 120.6 125.0 128.2 131.8 135.2 138.6 2.9%
Global Opportunity
Analysis and Industry Bioherbicides 9.2 10.0 10.8 11.7 12.7 13.5 14.5 15.5 16.5 7.5%
Forecast, 2019-2026
Total 119.4 123.2 127.5 132.3 137.7 141.8 146.3 150.7 155.1 3.3%
206
5.2.11. Market size and forecast, by synthetic herbicides type
Glyphosate was the highest contributor to the North America synthetic herbicides market revenue with $753.3
million in 2018 and is estimated to reach $790.9 million by 2026 growing at a CAGR of 0.5% from 2019 to 2026.
Paraquat is estimated to reach $340.8 million by 2026 with a CAGR of 7.1%.
TABLE 123. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC HERBICIDES TYPE 2018–2026 ($MILLION)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Glyphosate 753.3 761.7 771.0 780.5 790.9 792.4 794.0 793.5 790.9 0.5%
Atrazine 113.8 117.5 121.3 125.1 129.2 131.9 134.7 137.2 139.4 2.5%
Acetochlor 56.8 58.8 60.8 62.9 65.2 66.7 68.4 69.8 71.2 2.8%
2,4-D 17.7 18.1 18.5 18.9 19.3 19.6 19.8 20.0 20.1 1.5%
Paraquat 194.8 211.0 229.0 248.0 268.7 286.6 305.1 323.2 340.8 7.1%
Others 2,280.6 2,332.9 2,390.9 2,451.4 2,516.1 2,553.5 2,592.5 2,625.2 2,651.6 1.8%
Total 3,417.2 3,491.5 3,572.0 3,654.9 3,744.3 3,792.4 3,842.8 3,883.7 3,915.1 1.6%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
207
Glyphosate was the highest contributor to the North America synthetic herbicides market volume with 30.6
Acetochlor is estimated to reach 3.8 kilotons by 2026 with a CAGR of 4.4%.
TABLE 124. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC HERBICIDES TYPE 2018–2026 (KILOTONS)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Glyphosate 30.6 31.5 32.5 33.7 35.0 36.0 37.1 38.1 39.2 3.2%
Atrazine 3.7 3.8 3.9 4.0 4.1 4.2 4.3 4.4 4.5 2.5%
Acetochlor 2.7 2.8 2.9 3.1 3.3 3.4 3.5 3.7 3.8 4.4%
2,4-D 2.0 2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.1 0.7%
Paraquat 5.7 5.9 6.1 6.3 6.6 6.8 7.1 7.3 7.6 3.7%
Others 65.5 67.2 69.2 71.4 73.9 75.7 77.6 79.6 81.4 2.8%
Total 110.2 113.3 116.7 120.6 125.0 128.2 131.8 135.2 138.6 2.9%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
208
5.2.12. Market size and forecast, by Insecticides type
Synthetic insecticides was the highest contributor to the North America insecticides market revenue with
2019 to 2026. Bioinsecticides is estimated to reach $1,119.9 million by 2026 with a CAGR of 10.5%.
TABLE 125. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY INSECTICIDES TYPE 2018–2026 ($MILLION)
CAGR
BY INSECTICIDES 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
Synthetic Insecticides 1,474.9 1,522.2 1,570.2 1,619.1 1,670.4 1,704.4 1,739.4 1,770.4 1,797.3 2.4%
Bioinsecticides 499.0 557.7 623.0 695.9 776.6 854.6 939.1 1,027.6 1,119.9 10.5%
Total 1,973.9 2,079.9 2,193.2 2,315.0 2,447.0 2,559.0 2,678.6 2,798.0 2,917.2 5.0%
Synthetic insecticides was the highest contributor to the North America Insecticides market volume with 61.2
TABLE 126. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY INSECTICIDES TYPE 2018–2026 (KILOTONS)
CAGR
(2019 - 2026)
Market Synthetic Insecticides 61.2 64.1 67.3 70.8 74.7 78.0 81.5 85.1 88.8 4.8%
Global Opportunity Bioinsecticides 4.8 5.1 5.5 5.9 6.3 6.7 7.1 7.5 7.9 6.4%
Forecast, 2019-2026 Total 66.1 69.2 72.8 76.7 81.0 84.6 88.6 92.6 96.7 4.9%
209
5.2.13. Market size and forecast, by Synthetic Insecticides type
Organophosphates was the highest contributor to the North America synthetic insecticides market revenue with
$432.8 million in 2018 and is estimated to reach $542.3 million by 2026 growing at a CAGR of 2.8% from 2019
to 2026. Pyrethroids is estimated to reach $340.1 million by 2026 with a CAGR of 1.5%.
TABLE 127. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC INSECTICIDES TYPE 2018–2026 ($MILLION)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Pyrethroids 300.6 307.1 313.9 320.8 328.0 331.6 335.3 338.2 340.1 1.5%
Neonicotinoids 136.5 141.1 145.8 150.3 154.9 157.9 161.1 163.8 166.2 2.4%
Others 431.8 448.0 463.5 479.1 495.4 506.6 518.2 528.7 537.9 2.6%
Total 1,474.9 1,522.2 1,570.2 1,619.1 1,670.4 1,704.4 1,739.4 1,770.4 1,797.3 2.4%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
210
Organophosphates was the highest contributor to the North AMERICA Insecticides market volume with 15.4
TABLE 128. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC INSECTICIDES TYPE 2018–2026 (KILOTONS)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Pyrethroids 11.1 11.4 11.7 12.1 12.5 12.8 13.2 13.5 13.8 2.7%
Neonicotinoids 7.0 7.3 7.7 8.1 8.6 9.0 9.4 9.9 10.3 5.1%
Others 20.4 21.7 23.2 24.8 26.7 28.3 30.1 32.0 33.9 6.6%
Total 61.2 64.1 67.3 70.8 74.7 78.0 81.5 85.1 88.8 4.8%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
211
5.2.14. Market size and forecast, by Fungicides type
Synthetic fungicides was the highest contributor to the North America fungicides market revenue with $1,399.0
2026. Biofungicides is estimated to reach $984.3 million by 2026 with a CAGR of 8.9%.
TABLE 129. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY FUNGICIDES TYPE 2018–2026 ($MILLION)
CAGR
BY FUNGICIDES 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
Biofungicides 495.2 543.5 597.3 656.3 721.1 781.9 847.3 914.8 984.3 8.9%
Total 1,894.2 1,986.5 2,083.3 2,183.9 2,290.1 2,377.8 2,470.8 2,562.3 2,652.2 4.2%
Synthetic fungicides was the highest contributor to the North America fungicides market volume with 39.5
Biofungicides is estimated to reach 6.2 kilotons by 2026 with a CAGR of 6.7%.
TABLE 130. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY FUNGICIDES TYPE 2018–2026 (KILOTONS)
Agrochemicals CAGR
BY FUNGICIDES 2018 2019 2020 2021 2022 2023 2024 2025 2026
Market (2019 - 2026)
Global Opportunity
Analysis and Industry Biofungicides 3.7 4.0 4.2 4.5 4.9 5.2 5.5 5.9 6.2 6.7%
Forecast, 2019-2026
Total 43.2 45.4 47.9 50.5 53.5 56.1 58.8 61.6 64.5 5.1%
212
5.2.15. Market size and forecast, by Synthetic Fungicides type
Triazoles was the highest contributor to the North America synthetic fungicides market revenue with $242.6
Phenylamides is estimated to reach $49.0 million by 2026 with a CAGR of 3.1%.
TABLE 131. NORTH AMERICA AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC FUNGICIDES TYPE 2018–2026 ($MILLION)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Benzimidazoles 30.5 31.1 31.5 32.0 32.4 32.5 32.6 32.6 32.6 0.7%
Chloronitriles 33.1 33.6 34.1 34.6 35.0 35.1 35.2 35.2 35.1 0.6%
Triazoles 242.6 250.0 257.3 264.2 271.0 275.4 279.8 283.6 286.8 2.0%
Phenylamides 38.2 39.5 40.9 42.2 44.2 45.3 46.6 47.9 49.0 3.1%
Strobilurins 240.1 247.0 253.7 260.1 266.3 270.0 273.9 277.1 279.7 1.8%
Others 772.4 798.4 824.0 848.7 873.0 889.6 906.6 921.6 934.7 2.3%
Total 1,399.0 1,443.0 1,486.1 1,527.7 1,569.0 1,595.8 1,623.5 1,647.5 1,667.9 2.1%
Market
Global Opportunity
Forecast, 2019-2026
213
Triazoles was the highest contributor to the North America synthetic fungicides market volume with 6.0 kilotons
Phenylamides is estimated to reach 2.4 kilotons by 2026 with a CAGR of 5.3%.
TABLE 132. NORTH AMERICA AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC FUNGICIDES TYPE 2018–2026 (KILOTONS)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Benzimidazoles 1.2 1.3 1.3 1.4 1.5 1.5 1.6 1.6 1.7 3.7%
Chloronitriles 1.0 1.1 1.2 1.2 1.3 1.4 1.5 1.5 1.6 6.0%
Triazoles 6.0 6.2 6.5 6.8 7.2 7.5 7.8 8.1 8.4 4.4%
Phenylamides 1.6 1.6 1.7 1.8 1.9 2.0 2.1 2.3 2.4 5.3%
Strobilurins 6.3 6.6 6.9 7.3 7.7 8.1 8.5 8.8 9.2 4.9%
Others 21.8 22.9 24.1 25.4 26.9 28.1 29.5 30.9 32.3 5.1%
Total 39.5 41.5 43.6 46.0 48.6 50.9 53.3 55.7 58.2 5.0%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
214
5.3. Europe
Europe was the second largest agrochemicals market in 2018, in terms of both revenue and volume. Europe has
experienced a ban on several pesticide formulations and products in the last decade due to the stringent
government regulations for environmental safety. For instance, Atrazine, an important herbicide of the triazine
class, has been banned in Europe since 2004. Atrazine is primarily produced by the agrochemicals giant,
Syngenta Crop Protection. Studies have proved that Atrazine is harmful for human consumption and pollutes
water. It is considered as a potential water contaminant owing to its high mobility and persistence in water.
Atrazine can have disruptive effects on the endocrine system, and can initiate cancer in humans (leukemia,
ovarian cancer, lung, and colon cancer) and laboratory rats, impairment of the immune system, and various
other diseases. Considering all the above harmful effects of Atrazine, the government banned its consumption
and production in the European region. However, terbuthylazine, an herbicide of similar formulation is being
used in Europe in place of Atrazine.
A positive trend may be observed in the sales of fertilizers currently, particularly in the eastern and central parts
of Europe, adding up to the overall growth of the agrochemicals market. France and UK have experienced
decrease in the sales of pesticides in the last few years, majorly due to the drop-in herbicide and fungicide sales.
However, several other countries such as Italy, Hungary, and Germany recovered from the downturn faced in
Agrochemicals last few years and showed substantial increase in their pesticide market growth.
Market
Global Opportunity
Forecast, 2019-2026
215
The fertilizer segment is expected to be the highest contributor to the Europe agrochemicals market, with
pesticide segment is estimated to reach $21,404.6 million by 2026.
TABLE 133. EUROPE AGROCHEMICALS MARKET REVENUE, BY TYPE 2018–2026 ($MILLION)

2018 2019 2020 2021 2022 2023 2024 2025 2026
TYPE (2019 - 2026)
Fertilizer 32,995.4 34,292.3 35,711.7 37,232.1 38,875.9 40,205.6 41,638.4 43,054.7 44,441.6 3.8%
Pesticide 15,650.6 16,270.8 16,944.3 17,680.8 18,476.6 19,140.3 19,871.5 20,620.5 21,404.6 4.0%
Total 48,646.0 50,563.1 52,656.0 54,912.9 57,352.4 59,346.0 61,509.9 63,675.2 65,846.2 3.8%
Fertilizer was the highest contributor to the Europe agrochemicals market volume with 37,010.5 kilotons in 2018
and is estimated to reach 42,968.8 kilotons by 2026 growing at a CAGR of 1.9% from 2019 to 2026. Pesticide is
TABLE 134. EUROPE AGROCHEMICALS MARKET VOLUME, BY TYPE 2018–2026 (KILOTONS)

2018 2019 2020 2021 2022 2023 2024 2025 2026
CAGR
TYPE (2019 - 2026)
Global Opportunity Pesticide 511.8 518.2 525.9 535.1 545.6 551.9 559.7 567.7 576.2 1.5%
Forecast, 2019-2026 Total 37,522.3 38,228.5 39,041.3 39,932.1 40,919.6 41,547.1 42,257.1 42,926.4 43,545.1 1.9%
216
Synthetic fertilizers was the highest contributor to the Europe fertilizers market revenue with $32,868.3 million
Biofertilizers is estimated to reach $233.4 million by 2026 with a CAGR of 7.6%.
TABLE 135. EUROPE AGROCHEMICALS MARKET REVENUE, BY FERTILIZER TYPE 2018–2026 ($MILLION)
CAGR
(2019 - 2026)
Biofertilizers 127.1 140.2 152.6 164.3 176.4 190.7 204.6 218.8 233.4 7.6%
Total 32,995.4 34,292.3 35,711.7 37,232.1 38,875.9 40,205.6 41,638.4 43,054.7 44,441.6 3.8%
Synthetic fertilizers was the highest contributor to the Europe fertilizers market volume with 36,962.4 kilotons
Biofertilizers is estimated to reach 124.6 kilotons by 2026 with a CAGR of 11.9%.
TABLE 136. EUROPE AGROCHEMICALS MARKET VOLUME, BY FERTILIZER TYPE 2018–2026 (KILOTONS)
Agrochemicals BY FERTILIZER
CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026 (2019 -
Market TYPE
2026)
Global Opportunity Synthetic Fertilizers 36,962.4 37,653.8 38,450.0 39,322.1 40,289.2 40,900.9 41,593.2 42,244.4 42,844.2 1.9%
Biofertilizers 48.1 56.6 65.5 74.9 84.8 94.3 104.2 114.4 124.6 11.9%
Forecast, 2019-2026
Total 37,010.5 37,710.4 38,515.5 39,397.0 40,374.0 40,995.2 41,697.4 42,358.8 42,968.8 1.9%
217

Nitrogenous fertilizers was the highest contributor to the Europe synthetic fertilizers market revenue with
2019 to 2026. Phosphatic is estimated to reach $10,218.9 million by 2026 with a CAGR of 4.5%.
TABLE 137. EUROPE AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC FERTILIZER TYPE 2018–2026 ($MILLION)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Nitrogenous 21,342.5 22,098.6 22,927.2 23,810.7 24,763.4 25,513.7 26,320.6 27,110.1 27,874.3 3.4%
Phosphatic 7,160.2 7,491.9 7,857.5 8,255.5 8,690.3 9,048.3 9,438.7 9,829.9 10,218.9 4.5%
Potassic 4,365.6 4,561.6 4,774.4 5,001.6 5,245.7 5,453.0 5,674.6 5,895.8 6,114.9 4.3%
Total 32,868.3 34,152.1 35,559.1 37,067.7 38,699.4 40,015.0 41,433.9 42,835.9 44,208.1 3.8%
Nitrogenous fertilizers was the highest contributor to the Europe synthetic fertilizers market volume with
Agrochemicals 2019 to 2026. Phosphatic is estimated to reach 10,475.4 kilotons by 2026 with a CAGR of 2.2%.
Market
Global Opportunity
Forecast, 2019-2026
218
TABLE 138. EUROPE AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC FERTILIZER TYPE 2018–2026 (KILOTONS)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Nitrogenous 21,900.2 22,220.5 22,599.0 23,018.2 23,488.6 23,748.1 24,051.3 24,327.5 24,571.2 1.4%
Phosphatic 8,778.6 8,975.7 9,199.2 9,442.2 9,709.7 9,892.9 10,096.7 10,291.8 10,475.4 2.2%
Potassic 6,283.6 6,457.6 6,651.8 6,861.7 7,090.9 7,259.9 7,445.2 7,625.1 7,797.6 2.7%
Total 36,962.4 37,653.8 38,450.0 39,322.1 40,289.2 40,900.9 41,593.2 42,244.4 42,844.2 1.9%

Urea fertilizers was the highest contributor to the Europe nitrogenous fertilizers market revenue with $11,812.2
2026. Ammonia is estimated to reach $2,378.7 million by 2026 with a CAGR of 8.2%.
TABLE 139. EUROPE AGROCHEMICALS MARKET REVENUE, BY NITROGENOUS FERTILIZER TYPE 2018–2026 ($MILLION)
BY NITROGENOUS CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Urea 11,812.2 12,163.0 12,545.5 12,952.0 13,386.2 13,712.2 14,061.0 14,395.4 14,711.3 2.8%
Agrochemicals Ammonia 1,257.7 1,373.9 1,500.5 1,637.2 1,787.2 1,924.2 2,072.1 2,223.9 2,378.7 8.2%
Market Calcium Ammonium

1,752.3 1,858.2 1,971.2 2,092.3 2,226.9 2,342.7 2,468.0 2,594.7 2,722.0 5.6%
Nitrate
Global Opportunity Other Nitrogenous
6,520.3 6,703.4 6,909.9 7,129.2 7,363.2 7,534.6 7,719.6 7,896.2 8,062.3 2.7%
Analysis and Industry Fertilizers
Forecast, 2019-2026
Total 21,342.5 22,098.6 22,927.2 23,810.7 24,763.4 25,513.7 26,320.6 27,110.1 27,874.3 3.4%
219
Urea fertilizers was the highest contributor to the Europe nitrogenous fertilizers market volume with 12,132.7
2026. Ammonia is estimated to reach 1,818.3 kilotons by 2026 with a CAGR of 5.4%.
TABLE 140. EUROPE AGROCHEMICALS MARKET VOLUME, BY NITROGENOUS FERTILIZER TYPE 2018–2026 (KILOTONS)
BY NITROGENOUS CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Urea 12,132.7 12,260.1 12,418.1 12,596.7 12,801.3 12,889.3 12,999.7 13,094.3 13,170.1 1.0%
Ammonia 1,182.6 1,255.5 1,333.3 1,415.6 1,503.3 1,579.2 1,659.5 1,739.4 1,818.3 5.4%
Calcium
1,949.1 2,016.5 2,090.4 2,169.5 2,254.9 2,321.4 2,393.1 2,463.2 2,530.8 3.3%
Ammonium Nitrate
Other Nitrogenous
6,635.8 6,688.4 6,757.1 6,836.4 6,929.1 6,958.2 6,998.9 7,030.6 7,051.9 0.8%
Fertilizers
Total 21,900.2 22,220.5 22,599.0 23,018.2 23,488.6 23,748.1 24,051.3 24,327.5 24,571.2 1.4%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
220
DAP fertilizers was the highest contributor to the Europe phosphatic fertilizers market revenue with $2,304.1
2026. TSP is estimated to reach $971.4 million by 2026 with a CAGR of 7.3%.
TABLE 141. EUROPE AGROCHEMICALS MARKET REVENUE, BY PHOSPHATIC FERTILIZER TYPE 2018–2026 ($MILLION)
BY PHOSPHATIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
DAP 2,304.1 2,414.1 2,536.1 2,669.4 2,815.5 2,935.9 3,067.8 3,200.3 3,332.6 4.7%
MAP 1,723.6 1,842.1 1,973.7 2,116.5 2,271.8 2,413.1 2,566.2 2,723.5 2,884.4 6.6%
TSP 548.5 592.1 639.1 690.1 745.7 797.7 853.8 911.8 971.4 7.3%
Other phosphatic
2,584.1 2,643.7 2,708.6 2,779.5 2,857.3 2,901.6 2,950.9 2,994.2 3,030.6 2.0%
fertilizers
Total 7,160.2 7,491.9 7,857.5 8,255.5 8,690.3 9,048.3 9,438.7 9,829.9 10,218.9 4.5%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
221
DAP fertilizers was the highest contributor to the Europe phosphatic fertilizers market volume with 2,818.8
2026. TSP is estimated to reach 1,141.8 kilotons by 2026 with a CAGR of 6.0%.
TABLE 142. EUROPE AGROCHEMICALS MARKET VOLUME, BY PHOSPHATIC FERTILIZER TYPE 2018–2026 (KILOTONS)
BY PHOSPHATIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
DAP 2,818.8 2,884.1 2,958.0 3,038.3 3,126.5 3,187.7 3,255.7 3,320.9 3,382.5 2.3%
MAP 2,035.7 2,104.1 2,179.7 2,261.2 2,349.7 2,419.1 2,494.4 2,568.6 2,640.9 3.3%
TSP 711.1 758.4 809.5 864.0 922.4 974.5 1,029.9 1,085.8 1,141.8 6.0%
Other phosphatic
3,213.0 3,229.0 3,251.9 3,278.8 3,311.0 3,311.7 3,316.8 3,316.5 3,310.2 0.4%
fertilizers
Total 8,778.6 8,975.7 9,199.2 9,442.2 9,709.7 9,892.9 10,096.7 10,291.8 10,475.4 2.2%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
222
Potassium chloride fertilizers was the highest contributor to the Europe potassic fertilizers market revenue with
2019 to 2026. Potassium sulfate is estimated to reach $358.8 million by 2026 with a CAGR of 5.4%.
TABLE 143. EUROPE AGROCHEMICALS MARKET REVENUE, BY POTASSIC FERTILIZER TYPE 2018–2026 ($MILLION)
BY POTASSIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Potassium
214.5 225.7 237.9 250.9 264.9 277.3 290.5 303.8 317.2 5.0%
magnesium sulfate
Others 97.7 101.3 105.3 109.5 114.0 117.6 121.5 125.3 129.0 3.5%
Total 4,365.6 4,561.6 4,774.4 5,001.6 5,245.7 5,453.0 5,674.6 5,895.8 6,114.9 4.3%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
223
Potassium chloride fertilizers was the highest contributor to the Europe potassic fertilizers market volume with
2019 to 2026. Potassium magnesium sulfate is estimated to reach 428.9 kilotons by 2026 with a CAGR of 3.2%.
TABLE 144. EUROPE AGROCHEMICALS MARKET VOLUME, BY POTASSIC FERTILIZER TYPE 2018–2026 (KILOTONS)
BY POTASSIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Potassium
333.0 343.9 355.9 368.8 382.9 393.9 405.8 417.5 428.9 3.2%
magnesium sulfate
Others 141.4 142.9 144.7 146.7 148.9 149.7 150.8 151.5 152.1 0.9%
Total 6,283.6 6,457.6 6,651.8 6,861.7 7,090.9 7,259.9 7,445.2 7,625.1 7,797.6 2.7%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
224
Synthetic pesticides was the highest contributor to the Europe pesticide market revenue with $13,966.2 million
Biopesticides is estimated to reach $4,150.8 million by 2026 with a CAGR of 11.7%.
TABLE 145. EUROPE AGROCHEMICALS MARKET REVENUE, BY PESTICIDE TYPE 2018–2026 ($MILLION)
CAGR
(2019 - 2026)
Biopesticides 1,684.4 1,911.1 2,168.4 2,461.4 2,792.2 3,087.3 3,421.4 3,774.5 4,150.8 11.7%
Total 15,650.6 16,270.8 16,944.3 17,680.8 18,476.6 19,140.3 19,871.5 20,620.5 21,404.6 4.0%
Synthetic pesticides was the highest contributor to the Europe pesticide market volume with 491.8 kilotons in
2018 and is estimated to reach 545.7 kilotons by 2026 growing at a CAGR of 1.3% from 2019 to 2026.
TABLE 146. EUROPE AGROCHEMICALS MARKET VOLUME, BY PESTICIDE TYPE 2018–2026 (KILOTONS)
Agrochemicals CAGR
Market (2019 - 2026)
Global Opportunity
Forecast, 2019-2026
Total 511.8 518.2 525.9 535.1 545.6 551.9 559.7 567.7 576.2 1.5%
225
Herbicide was the highest contributor to the Europe synthetic pesticide market revenue with $7,252.4 million in
Insecticide is estimated to reach $4,235.7 million by 2026 with a CAGR of 2.4%.
TABLE 147. EUROPE AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC PESTICIDE TYPE 2018–2026 ($MILLION)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Herbicide 7,252.4 7,479.3 7,727.0 7,997.0 8,287.9 8,512.1 8,760.3 9,009.6 9,267.2 3.1%
Insecticide 3,503.0 3,594.5 3,688.5 3,788.5 3,891.7 3,973.6 4,060.7 4,147.0 4,235.7 2.4%
Fungicide 2,614.5 2,682.7 2,750.3 2,817.5 2,882.7 2,941.9 3,000.7 3,058.6 3,118.0 2.2%
Others 596.4 603.1 610.2 616.4 622.1 625.4 628.4 630.8 633.0 0.7%
Total 13,966.2 14,359.6 14,775.9 15,219.4 15,684.4 16,053.0 16,450.1 16,845.9 17,253.8 2.7%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
226
Herbicide was the highest contributor to the Europe synthetic pesticides market volume with 188.9 kilotons in
2018 and is estimated to reach 205.2 kilotons by 2026 growing at a CAGR of 1.1% from 2019 to 2026. Fungicide
TABLE 148. EUROPE AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC PESTICIDE TYPE 2018–2026 (KILOTONS)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Herbicide 188.9 190.4 192.3 194.8 197.8 199.2 201.1 203.0 205.2 1.1%
Insecticide 104.8 106.9 109.3 112.0 115.0 117.2 119.7 122.3 125.0 2.3%
Fungicide 66.9 68.6 70.5 72.6 75.0 76.7 78.7 80.8 82.9 2.8%
Others 131.3 131.2 131.4 131.9 132.7 132.4 132.5 132.5 132.6 0.2%
Total 491.8 497.0 503.5 511.4 520.5 525.5 532.0 538.6 545.7 1.3%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
227
Bioinsecticide was the highest contributor to the Europe Biopesticide market revenue with $405.7 million in
2018 and is estimated to reach $790.4 million by 2026 growing at a CAGR of 8.5% from 2019 to 2026.
TABLE 149. EUROPE AGROCHEMICALS MARKET REVENUE, BY BIOPESTICIDE TYPE 2018–2026 ($MILLION)
CAGR
BY BIOPESTICIDE 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
Bioherbicide 570.4 666.8 776.9 903.5 1,048.3 1,169.7 1,308.5 1,453.4 1,605.7 13.4%
Bioinsecticide 405.7 445.2 488.7 537.0 589.5 635.1 685.3 736.8 790.4 8.5%
Biofungicide 327.6 352.9 380.6 410.7 442.6 471.0 501.7 533.0 565.3 7.0%
Others 306.6 358.9 420.4 493.4 580.0 675.1 787.8 918.8 1,072.3 16.9%
Total 1,610.3 1,823.7 2,066.6 2,344.7 2,660.4 2,951.0 3,283.2 3,642.0 4,033.7 12.0%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
228
Bioherbicide was the highest contributor to the Europe Biopesticide market volume with 8.7 kilotons in 2018
and is estimated to reach 13.4 kilotons by 2026 growing at a CAGR of 5.5% from 2019 to 2026. Biofungicide is
estimated to reach 3 kilotons by 2026 with a CAGR of 3.8%.
TABLE 150. EUROPE AGROCHEMICALS MARKET VOLUME, BY BIOPESTICIDE TYPE 2018–2026 (KILOTONS)
CAGR
BY BIOPESTICIDE 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
Bioherbicide 8.7 9.2 9.8 10.4 11.0 11.6 12.2 12.8 13.4 5.5%
Bioinsecticide 3.6 3.7 3.8 4.0 4.1 4.3 4.4 4.6 4.8 3.7%
Biofungicide 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 3.0 3.8%
Others 5.5 5.9 6.4 6.8 7.4 7.8 8.3 8.9 9.4 6.8%
Total 20.0 21.1 22.3 23.7 25.1 26.4 27.7 29.1 30.5 5.4%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
229
Synthetic herbicide was the highest contributor to the Europe herbicide market revenue with $6,682.0 million
Bioherbicides is estimated to reach $1,605.7 million by 2026 with a CAGR of 13.4%.
TABLE 151. EUROPE AGROCHEMICALS MARKET REVENUE, BY HERBICIDE TYPE 2018–2026 ($MILLION)
BY HERBICIDES CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
TYPE (2019 - 2026)
Bioherbicides 570.4 666.8 776.9 903.5 1,048.3 1,169.7 1,308.5 1,453.4 1,605.7 13.4%
Total 7,252.4 7,479.3 7,727.0 7,997.0 8,287.9 8,512.1 8,760.3 9,009.6 9,267.2 3.1%
Synthetic herbicide was the highest contributor to the Europe herbicides market volume with 180.2 kilotons in
TABLE 152. EUROPE AGROCHEMICALS MARKET VOLUME, BY HERBICIDE TYPE 2018–2026 (KILOTONS)
2018 2019 2020 2021 2022 2023 2024 2025 2026
Global Opportunity
Forecast, 2019-2026
Total 188.9 190.4 192.3 194.8 197.8 199.2 201.1 203.0 205.2 1.1%
230
Glyphosate was the highest contributor to the Europe synthetic herbicides market revenue with $1,914.8 million
TABLE 153. EUROPE AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC HERBICIDES TYPE 2018–2026 ($MILLION)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Glyphosate 1,914.8 1,940.9 1,964.4 1,987.7 2,011.1 2,024.7 2,038.3 2,050.0 2,061.6 0.9%
Atrazine 88.4 90.5 92.7 94.9 97.2 99.0 100.8 102.6 104.4 2.1%
Acetochlor 185.9 190.0 193.9 198.2 202.6 205.7 209.0 212.2 215.5 1.8%
2,4-D 28.7 28.9 29.2 29.4 29.7 29.7 29.8 29.8 29.9 0.5%
Paraquat 76.3 81.1 86.4 91.9 97.7 102.9 108.3 113.8 119.3 5.7%
Others 4,387.9 4,481.1 4,583.4 4,691.3 4,801.4 4,880.4 4,965.6 5,047.7 5,130.8 2.0%
Total 6,682.0 6,812.5 6,950.0 7,093.4 7,239.6 7,342.4 7,451.8 7,556.2 7,661.5 1.7%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
231
Glyphosate was the highest contributor to the Europe synthetic herbicides market volume with 54.6 kilotons in
2018 and is estimated to reach 60.0 kilotons by 2026 growing at a CAGR of 1.2% from 2019 to 2026. Acetochlor
TABLE 154. EUROPE AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC HERBICIDES TYPE 2018–2026 (KILOTONS)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Glyphosate 54.6 55.1 55.8 56.6 57.5 58.0 58.7 59.3 60.0 1.2%
Atrazine 2.3 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 -0.2%
Acetochlor 5.9 6.0 6.1 6.2 6.4 6.4 6.6 6.7 6.8 1.9%
2,4-D 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 0.0%
Paraquat 1.8 1.8 1.8 1.8 1.9 1.9 1.9 1.9 1.9 0.8%
Others 112.7 113.1 113.7 114.6 115.8 116.1 116.6 117.2 117.8 0.6%
Total 180.2 181.2 182.6 184.5 186.8 187.6 188.9 190.3 191.8 0.8%

Agrochemicals Synthetic insecticides was the highest contributor to the Europe insecticides market revenue with $3,097.3
Market million in 2018 and is estimated to reach $3,445.3 million by 2026 growing at a CAGR of 1.3% from 2019 to
Global Opportunity 2026. Bioinsecticides is estimated to reach $790.4 million by 2026 with a CAGR of 8.5%.
Forecast, 2019-2026
232
TABLE 155. EUROPE AGROCHEMICALS MARKET REVENUE, BY INSECTICIDES TYPE 2018–2026 ($MILLION)
CAGR
BY INSECTICIDES 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
Synthetic
3,097.3 3,149.3 3,199.9 3,251.4 3,302.2 3,338.4 3,375.4 3,410.1 3,445.3 1.3%
Insecticides
Bioinsecticides 405.7 445.2 488.7 537.0 589.5 635.1 685.3 736.8 790.4 8.5%
Total 3,503.0 3,594.5 3,688.5 3,788.5 3,891.7 3,973.6 4,060.7 4,147.0 4,235.7 2.4%
Synthetic insecticides was the highest contributor to the Europe Insecticides market volume with 101.2 kilotons
TABLE 156. EUROPE AGROCHEMICALS MARKET VOLUME, BY INSECTICIDES TYPE 2018–2026 (KILOTONS)
CAGR
BY INSECTICIDES 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
Synthetic
101.2 103.2 105.4 108.0 110.9 112.9 115.3 117.7 120.2 2.2%
Insecticides
Agrochemicals
Total 104.8 106.9 109.3 112.0 115.0 117.2 119.7 122.3 125.0 2.3%
Market
Global Opportunity
Forecast, 2019-2026
233
Organophosphates was the highest contributor to the Europe synthetic insecticides market revenue with $911.4
2026. Pyrethroids is estimated to reach $598.9 million by 2026 with a CAGR of 0.3%.
TABLE 157. EUROPE AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC INSECTICIDES TYPE 2018–2026 ($MILLION)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Organophosphates 911.4 928.5 946.4 965.1 984.1 997.5 1,011.7 1,025.3 1,039.2 1.6%
Pyrethroids 584.6 588.1 591.6 595.3 598.7 598.9 599.3 599.1 598.9 0.3%
Neonicotinoids 286.8 291.9 296.9 301.6 305.7 309.4 312.8 316.0 319.3 1.3%
Others 991.2 1,013.2 1,032.6 1,051.7 1,070.8 1,086.6 1,102.1 1,116.9 1,132.0 1.6%
Total 3,097.3 3,149.3 3,199.9 3,251.4 3,302.2 3,338.4 3,375.4 3,410.1 3,445.3 1.3%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
234
Organophosphates was the highest contributor to the Europe Insecticides market volume with 26.2 kilotons in
2018 and is estimated to reach 29.2 kilotons by 2026 growing at a CAGR of 1.4% from 2019 to 2026. Pyrethroids
TABLE 158. EUROPE AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC INSECTICIDES TYPE 2018–2026 (KILOTONS)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Pyrethroids 17.9 17.9 18.0 18.1 18.2 18.2 18.2 18.2 18.2 0.2%
Neonicotinoids 12.0 12.3 12.6 12.9 13.3 13.6 13.9 14.3 14.6 2.5%
Others 32.9 34.2 35.6 37.1 38.8 40.2 41.8 43.3 45.0 4.0%
Total 101.2 103.2 105.4 108.0 110.9 112.9 115.3 117.7 120.2 2.2%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
235
Synthetic fungicides was the highest contributor to the Europe fungicides market revenue with $2,286.9 million
Biofungicides is estimated to reach $565.3 million by 2026 with a CAGR of 7.0%.
TABLE 159. EUROPE AGROCHEMICALS MARKET REVENUE, BY FUNGICIDES TYPE 2018–2026 ($MILLION)
CAGR
BY FUNGICIDES 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
Biofungicides 327.6 352.9 380.6 410.7 442.6 471.0 501.7 533.0 565.3 7.0%
Total 2,614.5 2,682.7 2,750.3 2,817.5 2,882.7 2,941.9 3,000.7 3,058.6 3,118.0 2.2%
Synthetic fungicides was the highest contributor to the Europe fungicides market volume with 64.7 kilotons in
TABLE 160. EUROPE AGROCHEMICALS MARKET VOLUME, BY FUNGICIDES TYPE 2018–2026 (KILOTONS)
Agrochemicals CAGR
BY FUNGICIDES 2018 2019 2020 2021 2022 2023 2024 2025 2026
Market (2019 - 2026)
Global Opportunity
Forecast, 2019-2026
Total 66.9 68.6 70.5 72.6 75.0 76.7 78.7 80.8 82.9 2.8%
236
Triazoles was the highest contributor to the Europe synthetic fungicides market revenue with $404.3 million in
TABLE 161. EUROPE AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC FUNGICIDES TYPE 2018–2026 ($MILLION)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Benzimidazoles 56.1 56.4 56.6 56.8 56.9 56.8 56.7 56.6 56.4 0.0%
Chloronitriles 51.5 52.3 53.0 53.7 54.3 54.8 55.2 55.6 56.0 1.0%
Triazoles 404.3 411.6 418.4 424.6 430.0 435.2 439.8 444.1 448.5 1.2%
Phenylamides 60.3 61.7 63.0 64.3 66.4 67.4 68.6 69.9 71.1 2.1%
Strobilurins 406.8 413.4 419.4 424.8 429.4 433.7 437.4 440.8 444.3 1.0%
Others 1,231.8 1,257.0 1,280.7 1,302.9 1,322.5 1,341.5 1,358.9 1,375.5 1,392.3 1.5%
Total 2,286.9 2,329.8 2,369.6 2,406.8 2,440.1 2,470.9 2,499.0 2,525.6 2,552.6 1.3%
Market
Global Opportunity
Forecast, 2019-2026
237
Triazoles was the highest contributor to the Europe synthetic fungicides market volume with 10.0 kilotons in
TABLE 162. EUROPE AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC FUNGICIDES TYPE 2018–2026 (KILOTONS)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Benzimidazoles 2.2 2.3 2.3 2.4 2.5 2.5 2.6 2.7 2.7 2.6%
Chloronitriles 1.6 1.7 1.7 1.8 1.9 1.9 2.0 2.1 2.2 3.7%
Triazoles 10.0 10.3 10.6 10.9 11.2 11.5 11.8 12.1 12.4 2.7%
Phenylamides 2.4 2.5 2.6 2.7 2.7 2.8 2.9 3.0 3.1 3.0%
Strobilurins 10.5 10.8 11.0 11.4 11.7 12.0 12.3 12.6 12.9 2.6%
Others 35.0 35.9 36.8 37.9 39.1 39.9 40.9 41.9 43.0 2.6%
Total 64.7 66.3 68.1 70.1 72.4 74.0 76.0 77.9 80.0 2.7%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
238
5.4. Asia-Pacific
Asia-Pacific was the largest revenue-generating region in the global agrochemicals market and dominated the
market with around three-fifths share of the total in 2018. The use of agrochemicals is high in Asia-Pacific as it
is an agriculture-based region. According to the statistics provided by the FAO, around 925 people are hungry
and malnourished across the globe, out of which 578 million people reside in the Asia-Pacific region. Thus, the
pressure on existing resources to produce enough food is driving the agrochemicals market is this region.
The dominating position and high growth of Asia-Pacific region in the agrochemicals market is attributed to
the presence of population dense countries such as India and China. The rising population of these nations is
driving the demand for more food crops. Moreover, the rapid economic growth, industrialization, and
urbanization in these countries have also contributed to the growth of agrochemicals market.
China is the largest producer, user, and exporter of pesticides in the world. It is the largest revenue-generating
region in the Asia-Pacific market. China is the home to about 20% of the world’s population with around 7% of
the arable land and 6.6% fresh water resources. Thus, the burden on agricultural resources to increase crop
yields in order to meet the food demand for countries’ increasing population is driving the agrochemicals
market in this region. Similarly, the decrease in per capita available land for agriculture due to rising population
Agrochemicals in India is fueling the demand for pesticides and fertilizers.
Market
Global Opportunity
Forecast, 2019-2026
239
The fertilizer segment is expected to be the highest contributor to the Asia-Pacific agrochemicals market, with
TABLE 163. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY TYPE 2018–2026 ($MILLION)

BY CAGR
AGROCHEMICALS 2018 2019 2020 2021 2022 2023 2024 2025 2026 (2019 -
TYPE 2026)
Fertilizer 101,966.2 105,919.6 110,090.7 114,531.2 119,226.4 122,984.1 127,005.8 130,943.1 134,829.2 3.5%
Pesticide 28,053.6 29,963.5 32,033.1 34,297.6 36,797.8 39,011.2 41,420.0 43,888.2 46,426.7 6.5%
Total 130,019.8 135,883.1 142,123.8 148,828.8 156,024.2 161,995.4 168,425.9 174,831.3 181,255.9 4.2%
Fertilizer was the highest contributor to the Asia-Pacific agrochemicals market volume with 130,833.1 kilotons
Pesticide is estimated to reach 1,995.4 kilotons by 2022 with a CAGR of 5.3%.
TABLE 164. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY TYPE 2018–2026 (KILOTONS)
Agrochemicals BY
AGROCHEMICALS 2018 2019 2020 2021 2022 2023 2024 2025 2026
CAGR
(2019 -
Market TYPE 2026)
Fertilizer 130,833.1 133,729.5 136,805.1 140,114.8 143,630.4 145,927.6 148,465.4 150,831.7 153,071.8 1.9%
Global Opportunity Pesticide 1,312.4 1,386.4 1,466.1 1,553.0 1,648.5 1,729.4 1,817.1 1,905.7 1,995.4 5.3%
Forecast, 2019-2026 Total 132,145.5 135,115.8 138,271.3 141,667.8 145,278.9 147,657.0 150,282.5 152,737.3 155,067.2 2.0%
240
Synthetic fertilizers was the highest contributor to the Asia-Pacific fertilizers market revenue with $100,593.5
2026. Biofertilizers is estimated to reach $2,915.4 million by 2026 with a CAGR of 9.2%.
TABLE 165. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY FERTILIZER TYPE 2018–2026 ($MILLION)
BY CAGR
FERTILIZER 2018 2019 2020 2021 2022 2023 2024 2025 2026 (2019 -
TYPE 2026)
Synthetic
100,593.5 104,342.4 108,324.9 112,589.7 117,110.5 120,674.8 124,500.5 128,235.9 131,913.9 3.4%
Fertilizers
Biofertilizers 1,372.7 1,577.2 1,765.9 1,941.5 2,115.9 2,309.4 2,505.3 2,707.2 2,915.4 9.2%
Total 101,966.2 105,919.6 110,090.7 114,531.2 119,226.4 122,984.1 127,005.8 130,943.1 134,829.2 3.5%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
241
Synthetic fertilizers was the highest contributor to the Asia-Pacific fertilizers market volume with 130,270.5
2026. Biofertilizers is estimated to reach 1,729.7 kilotons by 2026 with a CAGR of 14.0%.
TABLE 166. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY FERTILIZER TYPE 2018–2026 (KILOTONS)
BY CAGR
FERTILIZER 2018 2019 2020 2021 2022 2023 2024 2025 2026 (2019 -
TYPE 2026)
Synthetic
130,270.5 133,037.4 135,977.5 139,144.5 142,510.0 144,661.7 147,047.5 149,259.3 151,342.1 1.9%
Fertilizers
Biofertilizers 562.6 692.0 827.7 970.3 1,120.3 1,265.9 1,417.8 1,572.4 1,729.7 14.0%
Total 130,833.1 133,729.5 136,805.1 140,114.8 143,630.4 145,927.6 148,465.4 150,831.7 153,071.8 1.9%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
242
Nitrogenous fertilizers was the highest contributor to the Asia-Pacific synthetic fertilizers market revenue with
TABLE 167. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC FERTILIZER TYPE 2018–2026 ($MILLION)
BY
SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
TYPE
Nitrogenous 64,048.2 66,190.9 68,460.9 70,887.0 73,440.0 75,388.0 77,477.0 79,491.5 81,452.4 3.0%
Phosphatic 22,221.8 23,209.7 24,270.0 25,425.9 26,664.3 27,680.3 28,776.0 29,864.1 30,951.7 4.2%
Potassic 14,323.5 14,941.8 15,594.0 16,276.7 17,006.3 17,606.4 18,247.5 18,880.4 19,509.7 3.9%
Total 100,593.5 104,342.4 108,324.9 112,589.7 117,110.5 120,674.8 124,500.5 128,235.9 131,913.9 3.4%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
243
Nitrogenous fertilizers was the highest contributor to the Asia-Pacific synthetic fertilizers market volume with
2019 to 2026. Phosphatic is estimated to reach 36,284.1 kilotons by 2026 with a CAGR of 2.3%.
TABLE 168. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC FERTILIZER TYPE 2018–2026 (KILOTONS)
BY
SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
TYPE
Nitrogenous 77,602.4 78,928.0 80,342.4 81,876.2 83,510.9 84,420.9 85,456.5 86,379.8 87,218.1 1.4%
Phosphatic 30,255.5 31,022.8 31,835.8 32,707.7 33,632.4 34,275.7 34,978.8 35,644.8 36,284.1 2.3%
Potassic 22,412.6 23,086.6 23,799.2 24,560.6 25,366.8 25,965.1 26,612.2 27,234.6 27,839.9 2.7%
Total 130,270.5 133,037.4 135,977.5 139,144.5 142,510.0 144,661.7 147,047.5 149,259.3 151,342.1 1.9%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
244
Urea fertilizers was the highest contributor to the Asia-Pacific nitrogenous fertilizers market revenue with
2019 to 2026. Ammonia is estimated to reach $7,784.3 million by 2026 with a CAGR of 7.7%.
TABLE 169. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY NITROGENOUS FERTILIZER TYPE 2018–2026 ($MILLION)
BY NITROGENOUS CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Urea 33,336.4 34,240.0 35,185.7 36,194.3 37,238.8 37,974.0 38,762.5 39,499.8 40,196.9 2.3%
Ammonia 4,247.3 4,626.6 5,032.5 5,470.0 5,942.7 6,374.3 6,835.4 7,305.0 7,784.3 7.7%
Calcium
5,962.2 6,303.8 6,659.5 7,040.2 7,456.2 7,807.7 8,186.1 8,565.1 8,946.8 5.1%
Ammonium Nitrate
Other Nitrogenous
20,502.3 21,020.5 21,583.1 22,182.6 22,802.3 23,232.0 23,693.0 24,121.6 24,524.5 2.2%
Fertilizers
Total 64,048.2 66,190.9 68,460.9 70,887.0 73,440.0 75,388.0 77,477.0 79,491.5 81,452.4 3.0%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
245
Urea fertilizers was the highest contributor to the Asia-Pacific nitrogenous fertilizers market volume with
2019 to 2026. Ammonia is estimated to reach 6,550.1 kilotons by 2026 with a CAGR of 5.4%.
TABLE 170. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY NITROGENOUS FERTILIZER TYPE 2018–2026 (KILOTONS)
BY NITROGENOUS CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Urea 43,146.9 43,706.4 44,308.9 44,970.5 45,680.5 45,988.3 46,360.2 46,666.7 46,923.4 1.0%
Ammonia 4,260.4 4,532.4 4,816.5 5,115.2 5,428.2 5,700.5 5,986.2 6,269.0 6,550.1 5.4%
Calcium
7,061.8 7,320.6 7,592.4 7,880.6 8,184.1 8,421.0 8,673.8 8,918.7 9,157.9 3.3%
Ammonium Nitrate
Other Nitrogenous
23,133.3 23,368.6 23,624.7 23,909.9 24,218.2 24,311.1 24,436.3 24,525.4 24,586.8 0.7%
Fertilizers
Total 77,602.4 78,928.0 80,342.4 81,876.2 83,510.9 84,420.9 85,456.5 86,379.8 87,218.1 1.4%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
246
DAP fertilizers was the highest contributor to the Asia-Pacific phosphatic fertilizers market revenue with $7,133.1
2026. TSP is estimated to reach $2,575.3 million by 2026 with a CAGR of 5.9%.
TABLE 171. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY PHOSPHATIC FERTILIZER TYPE 2018–2026 ($MILLION)
BY PHOSPHATIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
DAP 7,133.1 7,454.8 7,802.6 8,183.0 8,592.1 8,928.4 9,291.8 9,653.4 10,015.7 4.3%
MAP 5,491.8 5,853.9 6,248.3 6,675.3 7,132.4 7,547.0 7,992.3 8,446.5 8,911.7 6.2%
TSP 1,617.8 1,722.3 1,832.8 1,952.7 2,081.3 2,196.5 2,320.4 2,446.5 2,575.3 5.9%
Other phosphatic
7,979.1 8,178.8 8,386.3 8,614.9 8,858.5 9,008.4 9,171.6 9,317.7 9,449.0 2.1%
fertilizers
Total 22,221.8 23,209.7 24,270.0 25,425.9 26,664.3 27,680.3 28,776.0 29,864.1 30,951.7 4.2%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
247
DAP fertilizers was the highest contributor to the Asia-Pacific phosphatic fertilizers market volume with 9,699.9
2026. TSP is estimated to reach 3,465.1 kilotons by 2026 with a CAGR of 5.1%.
TABLE 172. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY PHOSPHATIC FERTILIZER TYPE 2018–2026 (KILOTONS)
BY PHOSPHATIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
DAP 9,699.9 9,949.0 10,212.9 10,495.9 10,796.0 11,005.9 11,235.2 11,452.7 11,661.7 2.3%
MAP 7,001.1 7,253.1 7,519.6 7,804.1 8,105.4 8,342.7 8,597.8 8,847.0 9,092.8 3.3%
TSP 2,314.5 2,446.9 2,586.7 2,735.2 2,892.4 3,029.1 3,174.3 3,319.4 3,465.1 5.1%
Other phosphatic
11,239.9 11,373.7 11,516.6 11,672.6 11,838.6 11,898.0 11,971.5 12,025.7 12,064.5 0.8%
fertilizers
Total 30,255.5 31,022.8 31,835.8 32,707.7 33,632.4 34,275.7 34,978.8 35,644.8 36,284.1 2.3%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
248
Potassium chloride fertilizers was the highest contributor to the Asia-Pacific potassic fertilizers market revenue
with $12,614.1 million in 2018 and is estimated to reach $17,055.3 million by 2026 growing at a CAGR of 3.8%
from 2019 to 2026. Potassium sulfate is estimated to reach $1,106.2 million by 2026 with a CAGR of 5.1%.
TABLE 173. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY POTASSIC FERTILIZER TYPE 2018–2026 ($MILLION)
BY POTASSIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Potassium sulfate 739.3 779.9 823.1 870.4 920.5 964.2 1,011.1 1,058.3 1,106.2 5.1%
Potassium
648.3 681.2 716.0 752.6 791.2 824.9 860.6 896.4 932.4 4.6%
magnesium sulfate
Others 321.7 333.6 345.9 359.0 372.2 382.9 394.2 405.2 415.8 3.2%
Total 14,323.5 14,941.8 15,594.0 16,276.7 17,006.3 17,606.4 18,247.5 18,880.4 19,509.7 3.9%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
249
Potassium chloride fertilizers was the highest contributor to the Asia-Pacific potassic fertilizers market volume
from 2019 to 2026. Potassium magnesium sulfate is estimated to reach 1,447.7 kilotons by 2026 with a CAGR
of 3.2%.
TABLE 174. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY POTASSIC FERTILIZER TYPE 2018–2026 (KILOTONS)
BY POTASSIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Potassium
1,120.6 1,160.1 1,201.9 1,246.5 1,293.7 1,330.7 1,370.5 1,409.4 1,447.7 3.2%
magnesium sulfate
Others 526.7 533.9 541.4 549.5 558.1 561.5 565.5 568.5 570.7 1.0%
Total 22,412.6 23,086.6 23,799.2 24,560.6 25,366.8 25,965.1 26,612.2 27,234.6 27,839.9 2.7%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
250
Synthetic pesticides was the highest contributor to the Asia-Pacific pesticide market revenue with $26,361.1.0
2026. Biopesticides is estimated to reach $6,430.7 million by 2026 with a CAGR of 17.6%.
TABLE 175. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY PESTICIDE TYPE 2018–2026 ($MILLION)
CAGR
(2019 - 2026)
Biopesticides 1,692.5 2,061.5 2,499.5 3,020.6 3,636.9 4,231.5 4,907.6 5,639.6 6,430.7 17.6%
Total 28,053.6 29,963.5 32,033.1 34,297.6 36,797.8 39,011.2 41,420.0 43,888.2 46,426.7 6.5%
Synthetic pesticides was the highest contributor to the Asia-Pacific pesticide market volume with 1,284.2
2026. Biopesticides is estimated to reach 76.8 kilotons by 2026 with a CAGR of 13.0%.
TABLE 176. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY PESTICIDE TYPE 2018–2026 (KILOTONS)
Agrochemicals CAGR
Market (2019 - 2026)
Global Opportunity
Forecast, 2019-2026
Total 1,312.4 1,386.4 1,466.1 1,553.0 1,648.5 1,729.4 1,817.1 1,905.7 1,995.4 5.3%
251
Herbicide was the highest contributor to the Asia-Pacific synthetic pesticide market revenue with $13,886.5
2026. Insecticide is estimated to reach $8,632.5 million by 2026 with a CAGR of 6.5%.
TABLE 177. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC PESTICIDE TYPE 2018–2026 ($MILLION)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Herbicide 13,886.5 14,600.2 15,358.9 16,170.2 17,050.8 17,774.2 18,549.0 19,315.1 20,076.4 4.7%
Insecticide 5,206.4 5,572.9 5,963.8 6,388.7 6,852.6 7,265.9 7,712.1 8,167.1 8,632.5 6.5%
Fungicide 5,878.4 6,280.7 6,702.8 7,151.1 7,630.7 8,064.8 8,527.6 8,997.1 9,475.0 6.0%
Others 1,389.8 1,448.3 1,508.2 1,567.1 1,626.8 1,674.9 1,723.7 1,769.3 1,812.1 3.3%
Total 26,361.1 27,902.1 29,533.6 31,277.1 33,160.9 34,779.7 36,512.4 38,248.6 39,996.0 5.3%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
252
Herbicide was the highest contributor to the Asia-Pacific synthetic pesticides market volume with 496.5 kilotons
Fungicide is estimated to reach 299.4 kilotons by 2026 with a CAGR of 6.7%.
TABLE 178. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC PESTICIDE TYPE 2018–2026 (KILOTONS)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Herbicide 496.5 522.1 549.7 579.6 612.4 639.6 668.9 698.3 727.8 4.9%
Insecticide 279.0 298.1 318.7 341.3 366.2 388.2 412.1 436.6 461.8 6.5%
Fungicide 177.1 189.8 203.5 218.5 235.1 249.8 265.9 282.4 299.4 6.7%
Others 331.4 343.6 356.4 370.3 385.4 396.2 407.9 419.0 429.6 3.2%
Total 1,284.2 1,353.6 1,428.4 1,509.7 1,599.1 1,673.8 1,754.9 1,836.3 1,918.6 5.1%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
253
Bioinsecticide was the highest contributor to the Asia-Pacific biopesticide market revenue with $566.5 million
TABLE 179. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY BIOPESTICIDE TYPE 2018–2026 ($MILLION)
CAGR
BY BIOPESTICIDE 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
Bioherbicide 324.0 416.7 532.9 679.1 862.7 1,018.9 1,199.6 1,391.1 1,593.4 21.1%
Bioinsecticide 566.5 671.3 795.0 941.6 1,113.8 1,278.8 1,465.6 1,666.7 1,882.8 15.9%
Biofungicide 577.3 686.7 816.6 970.9 1,152.8 1,325.0 1,519.7 1,728.5 1,952.2 16.1%
Others 315.1 406.0 507.5 619.6 741.4 901.8 1,086.2 1,304.0 1,561.5 21.2%
Total 1,782.9 2,180.7 2,652.0 3,211.2 3,870.8 4,524.6 5,271.1 6,090.3 6,989.9 18.1%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
254
Bioherbicide was the highest contributor to the Asia-Pacific biopesticide market volume with 10.6 kilotons in
Biofungicide is estimated to reach 14.2 kilotons by 2026 with a CAGR of 13.7%.
TABLE 180. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY BIOPESTICIDE TYPE 2018–2026 (KILOTONS)
CAGR
BY BIOPESTICIDE 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
Bioherbicide 10.6 12.5 14.6 17.1 20.0 22.7 25.7 28.8 32.2 14.5%
Bioinsecticide 6.9 7.8 8.8 9.9 11.2 12.4 13.7 15.2 16.7 11.6%
Biofungicide 5.0 5.8 6.7 7.7 8.9 10.1 11.4 12.7 14.2 13.7%
Others 5.7 6.7 7.7 8.6 9.4 10.5 11.5 12.6 13.7 10.7%
Total 28.2 32.8 37.8 43.3 49.5 55.6 62.2 69.3 76.8 13.0%

Synthetic herbicide was the highest contributor to the Asia-Pacific herbicide market revenue with $13,562.5
Agrochemicals million in 2018 and is estimated to reach $18,483.0 million by 2026 growing at a CAGR of 3.9% from 2019 to
Market 2026. Bioherbicides is estimated to reach $1,593.4 million by 2026 with a CAGR of 21.1%.
Global Opportunity
Forecast, 2019-2026
255
TABLE 181. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY HERBICIDE TYPE 2018–2026 ($MILLION)
BY HERBICIDES CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
TYPE (2019 - 2026)
Synthetic
13,562.5 14,183.5 14,826.0 15,491.1 16,188.0 16,755.2 17,349.4 17,924.1 18,483.0 3.9%
herbicides
Bioherbicides 324.0 416.7 532.9 679.1 862.7 1,018.9 1,199.6 1,391.1 1,593.4 21.1%
Total 13,886.5 14,600.2 15,358.9 16,170.2 17,050.8 17,774.2 18,549.0 19,315.1 20,076.4 4.7%
Synthetic herbicide was the highest contributor to the Asia-Pacific herbicides market volume with 485.9 kilotons
TABLE 182. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY HERBICIDE TYPE 2018–2026 (KILOTONS)
BY HERBICIDES CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
TYPE (2019 - 2026)
Bioherbicides 10.6 12.5 14.6 17.1 20.0 22.7 25.7 28.8 32.2 14.5%
Agrochemicals Total 496.5 522.1 549.7 579.6 612.4 639.6 668.9 698.3 727.8 4.9%
Global Opportunity
Forecast, 2019-2026
256
Glyphosate was the highest contributor to the Asia-Pacific synthetic herbicides market revenue with $3,347.8
2026. Paraquat is estimated to reach $1,141.0 million by 2026 with a CAGR of 8.9%.
TABLE 183. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC HERBICIDES TYPE 2018–2026 ($MILLION)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Glyphosate 3,347.8 3,434.0 3,509.6 3,579.2 3,647.0 3,682.1 3,715.3 3,737.7 3,750.5 1.3%
Atrazine 388.3 410.7 434.2 458.1 483.7 505.8 529.0 552.1 574.9 4.9%
Acetochlor 285.3 301.8 318.4 336.1 354.9 370.8 387.7 404.4 421.0 4.9%
2,4-D 38.7 40.5 42.3 44.2 46.1 47.7 49.4 51.0 52.6 3.8%
Paraquat 568.9 627.3 692.0 761.7 837.7 908.4 984.1 1,061.6 1,141.0 8.9%
Others 8,933.5 9,369.2 9,829.6 10,311.9 10,818.7 11,240.4 11,684.0 12,117.4 12,543.1 4.3%
Total 13,562.5 14,183.5 14,826.0 15,491.1 16,188.0 16,755.2 17,349.4 17,924.1 18,483.0 3.9%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
257
Glyphosate was the highest contributor to the Asia-Pacific synthetic herbicides market volume with 140.2
Acetochlor is estimated to reach 17.1 kilotons by 2026 with a CAGR of 5.8%.
TABLE 184. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC HERBICIDES TYPE 2018–2026 (KILOTONS)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Glyphosate 140.2 147.4 155.1 163.5 172.6 180.2 188.4 196.6 204.8 4.8%
Atrazine 13.4 14.0 14.7 15.4 16.1 16.7 17.4 18.0 18.6 4.2%
Acetochlor 10.9 11.6 12.3 13.1 13.9 14.7 15.5 16.3 17.1 5.8%
2,4-D 5.7 5.9 6.2 6.5 6.8 7.0 7.2 7.5 7.7 3.9%
Paraquat 17.7 18.6 19.5 20.5 21.6 22.5 23.5 24.5 25.4 4.6%
Others 298.1 312.2 327.3 343.6 361.4 375.8 391.3 406.7 422.0 4.4%
Total 485.9 509.7 535.1 562.5 592.5 616.9 643.3 669.5 695.7 4.5%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
258
Synthetic insecticides was the highest contributor to the Asia-Pacific insecticides market revenue with $4,639.9
2026. Bioinsecticides is estimated to reach $1,882.8 million by 2026 with a CAGR of 15.9%.
TABLE 185. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY INSECTICIDES TYPE 2018–2026 ($MILLION)
CAGR
BY INSECTICIDES 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
Synthetic
4,639.9 4,901.6 5,168.8 5,447.1 5,738.8 5,987.1 6,246.5 6,500.4 6,749.7 4.7%
Insecticides
Bioinsecticides 566.5 671.3 795.0 941.6 1,113.8 1,278.8 1,465.6 1,666.7 1,882.8 15.9%
Total 5,206.4 5,572.9 5,963.8 6,388.7 6,852.6 7,265.9 7,712.1 8,167.1 8,632.5 6.5%
Synthetic insecticides was the highest contributor to the Asia-Pacific Insecticides market volume with 272.1
TABLE 186. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY INSECTICIDES TYPE 2018–2026 (KILOTONS)
CAGR
Market (2019 - 2026)
Synthetic
272.1 290.3 310.0 331.4 355.0 375.8 398.4 421.4 445.1 6.3%
Insecticides
Global Opportunity
Analysis and Industry Bioinsecticides 6.9 7.8 8.8 9.9 11.2 12.4 13.7 15.2 16.7 11.6%
Forecast, 2019-2026
Total 279.0 298.1 318.7 341.3 366.2 388.2 412.1 436.6 461.8 6.5%
259
Organophosphates was the highest contributor to the Asia-Pacific synthetic insecticides market revenue with
2019 to 2026. Pyrethroids is estimated to reach $1,263.5 million by 2026 with a CAGR of 3.7%.
TABLE 187. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC INSECTICIDES TYPE 2018–2026 ($MILLION)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Organophosphates 1,404.2 1,486.6 1,572.8 1,663.6 1,759.7 1,842.2 1,929.0 2,014.6 2,099.4 5.1%
Pyrethroids 938.9 981.7 1,025.3 1,070.4 1,117.2 1,154.3 1,192.6 1,229.0 1,263.5 3.7%
Neonicotinoids 445.7 471.2 497.4 524.0 550.9 574.8 599.4 623.5 647.0 4.6%
Others 1,323.9 1,406.6 1,488.4 1,572.7 1,661.4 1,738.6 1,819.2 1,898.6 1,977.1 5.0%
Total 4,639.9 4,901.6 5,168.8 5,447.1 5,738.8 5,987.1 6,246.5 6,500.4 6,749.7 4.7%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
260
Organophosphates was the highest contributor to the Asia-Pacific Insecticides market volume with 69.4 kilotons
TABLE 188. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC INSECTICIDES TYPE 2018–2026 (KILOTONS)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Pyrethroids 48.7 51.0 53.5 56.1 58.9 61.2 63.5 65.8 68.0 4.2%
Neonicotinoids 32.0 34.3 36.7 39.3 42.2 44.8 47.7 50.6 53.5 6.6%
Others 89.6 97.4 105.9 115.3 125.7 135.4 146.0 157.0 168.6 8.2%
Total 272.1 290.3 310.0 331.4 355.0 375.8 398.4 421.4 445.1 6.3%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
261
Synthetic fungicides was the highest contributor to the Asia-Pacific fungicides market revenue with $5,301.0
2026. Biofungicides is estimated to reach $1,952.2 million by 2026 with a CAGR of 16.1%.
TABLE 189. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY FUNGICIDES TYPE 2018–2026 ($MILLION)
CAGR
BY FUNGICIDES 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
Biofungicides 577.3 686.7 816.6 970.9 1,152.8 1,325.0 1,519.7 1,728.5 1,952.2 16.1%
Total 5,878.4 6,280.7 6,702.8 7,151.1 7,630.7 8,064.8 8,527.6 8,997.1 9,475.0 6.0%
Synthetic fungicides was the highest contributor to the Asia-Pacific fungicides market volume with 172.1
TABLE 190. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY FUNGICIDES TYPE 2018–2026 (KILOTONS)
Agrochemicals CAGR
BY FUNGICIDES 2018 2019 2020 2021 2022 2023 2024 2025 2026
Market (2019 - 2026)
Global Opportunity
Forecast, 2019-2026
Total 177.1 189.8 203.5 218.5 235.1 249.8 265.9 282.4 299.4 6.7%
262
Triazoles was the highest contributor to the Asia-Pacific synthetic fungicides market revenue with $976.8 million
TABLE 191. ASIA-PACIFIC AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC FUNGICIDES TYPE 2018–2026 ($MILLION)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Benzimidazoles 116.0 121.3 126.2 131.2 136.1 140.1 144.2 147.9 151.4 3.2%
Chloronitriles 128.3 133.6 138.7 143.8 148.8 152.8 156.7 160.3 163.6 2.9%
Triazoles 976.8 1,030.3 1,083.6 1,137.1 1,190.6 1,238.1 1,286.5 1,333.4 1,379.1 4.3%
Phenylamides 127.2 134.8 142.4 150.1 160.4 167.5 175.7 183.7 191.7 5.2%
Strobilurins 973.1 1,023.8 1,074.0 1,124.2 1,174.3 1,218.0 1,262.4 1,305.2 1,346.5 4.0%
Others 2,818.0 2,980.3 3,143.2 3,307.3 3,472.7 3,621.1 3,772.9 3,921.3 4,066.8 4.5%
Total 5,301.0 5,593.9 5,886.2 6,180.2 6,477.9 6,739.8 7,007.9 7,268.5 7,522.8 4.3%
Market
Global Opportunity
Forecast, 2019-2026
263
Triazoles was the highest contributor to the Asia-Pacific synthetic fungicides market volume with 26.4 kilotons
TABLE 192. ASIA-PACIFIC AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC FUNGICIDES TYPE 2018–2026 (KILOTONS)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Benzimidazoles 5.6 5.9 6.3 6.6 7.1 7.4 7.8 8.2 8.6 5.5%
Chloronitriles 4.5 4.9 5.3 5.7 6.2 6.6 7.1 7.6 8.1 7.6%
Triazoles 26.4 28.1 29.9 31.8 34.0 35.9 37.9 39.9 42.0 5.9%
Phenylamides 6.4 6.9 7.4 7.9 8.5 9.1 9.7 10.3 10.9 6.8%
Strobilurins 27.8 29.7 31.7 33.9 36.3 38.5 40.8 43.1 45.6 6.3%
Others 94.2 100.8 107.9 115.7 124.2 131.8 140.1 148.5 157.2 6.6%
Total 172.1 184.0 196.8 210.8 226.2 239.8 254.6 269.7 285.2 6.5%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
264
5.5. LAMEA
LAMEA accounted for the smallest share of the global agrochemicals market. LAMEA agrochemicals market has
benefitted from the high demand for corn for its use in bio-ethanol production. The production of sugarcane
and soybeans is high in LAMEA, driving the growth of agrochemicals market. The use of mechanized agriculture
and conducting farming operations on a large scale are increasing the potential for growth of agrochemicals
market in Brazil. Soybean is considered as the most attractive crop in Brazil and its farming will boost the
application of pesticides and fertilizers in Brazil. In addition, the consumption of fertilizers in Egypt is also on a
hike owing to its increasing population, rising demand for food and biofuels, and increase in per capita income.
Egypt’s agrochemicals market is also expected to grow due to several government plans for supporting
agriculture-based industries.

The fertilizer segment is expected to be the highest contributor to the LAMEA agrochemicals market, with
TABLE 193. LAMEA AGROCHEMICALS MARKET REVENUE, BY TYPE 2018–2026 ($MILLION)

2018 2019 2020 2021 2022 2023 2024 2025 2026
CAGR
Fertilizer 15,515.7 16,400.8 17,353.8 18,372.3 19,454.7 20,414.9 21,443.1 22,482.4 23,506.5 5.3%
Global Opportunity
Pesticide 13,665.7 14,478.7 15,358.5 16,307.6 17,340.9 18,246.2 19,226.2 20,222.2 21,210.6 5.6%
Forecast, 2019-2026 Total 29,181.5 30,879.4 32,712.2 34,679.8 36,795.6 38,661.0 40,669.2 42,704.6 44,717.1 5.4%
265
Fertilizer was the highest contributor to the LAMEA agrochemicals market volume with 17,166.5 kilotons in 2018
and is estimated to reach 23,281.4 kilotons by 2026 growing at a CAGR of 3.8% from 2019 to 2026. Pesticide is
TABLE 194. LAMEA AGROCHEMICALS MARKET VOLUME, BY TYPE 2018–2026 (KILOTONS)

2018 2019 2020 2021 2022 2023 2024 2025 2026
TYPE (2019 - 2026)
Fertilizer 17,166.5 17,884.0 18,654.1 19,472.0 20,334.2 21,046.7 21,809.3 22,562.8 23,281.4 3.8%
Pesticide 733.5 770.2 809.7 852.2 898.4 937.1 979.0 1,021.0 1,061.9 4.7%
Total 17,900.0 18,654.1 19,463.8 20,324.2 21,232.6 21,983.8 22,788.3 23,583.8 24,343.4 3.9%

Synthetic fertilizers was the highest contributor to the LAMEA fertilizers market revenue with $15,433.7 million
Biofertilizers is estimated to reach $178.9 million by 2026 with a CAGR of 9.7%.
TABLE 195. LAMEA AGROCHEMICALS MARKET REVENUE, BY FERTILIZER TYPE 2018–2026 ($MILLION)
Agrochemicals BY FERTILIZER TYPE 2018 2019 2020 2021 2022 2023 2024 2025 2026
CAGR
(2019 - 2026)
Market Synthetic Fertilizers 15,433.7 16,307.2 17,249.0 18,256.7 19,328.0 20,275.9 21,291.4 22,317.3 23,327.5 5.2%
Global Opportunity Biofertilizers 82.1 93.6 104.8 115.6 126.7 139.0 151.7 165.1 178.9 9.7%
Forecast, 2019-2026 Total 15,515.7 16,400.8 17,353.8 18,372.3 19,454.7 20,414.9 21,443.1 22,482.4 23,506.5 5.3%
266
Synthetic fertilizers was the highest contributor to the LAMEA fertilizers market volume with 17,133.1 kilotons
Biofertilizers is estimated to reach 108.3 kilotons by 2026 with a CAGR of 14.9%.
TABLE 196. LAMEA AGROCHEMICALS MARKET VOLUME, BY FERTILIZER TYPE 2018–2026 (KILOTONS)
CAGR
(2019 - 2026)
Biofertilizers 33.5 40.9 49.0 57.7 67.1 76.6 86.7 97.3 108.3 14.9%
Total 17,166.5 17,884.0 18,654.1 19,472.0 20,334.2 21,046.7 21,809.3 22,562.8 23,281.4 3.8%

Nitrogenous fertilizers was the highest contributor to the LAMEA synthetic fertilizers market revenue with
TABLE 197. LAMEA AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC FERTILIZER TYPE 2018–2026 ($MILLION)
BY SYNTHETIC CAGR
Agrochemicals FERTILIZER TYPE
2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
Market Nitrogenous 9,784.1 10,299.5 10,853.3 11,443.4 12,065.9 12,609.1 13,188.7 13,769.8 14,336.3 4.8%
Phosphatic 3,453.1 3,673.0 3,912.4 4,172.8 4,452.9 4,705.0 4,977.2 5,255.4 5,533.4 6.0%
Global Opportunity
Analysis and Industry Potassic 2,196.4 2,334.7 2,483.3 2,640.4 2,809.2 2,961.8 3,125.4 3,292.1 3,457.9 5.8%
Forecast, 2019-2026 Total 15,433.7 16,307.2 17,249.0 18,256.7 19,328.0 20,275.9 21,291.4 22,317.3 23,327.5 5.2%
267
Nitrogenous fertilizers was the highest contributor to the LAMEA synthetic fertilizers market volume with
2019 to 2026. Phosphatic is estimated to reach 5,503.6 kilotons by 2026 with a CAGR of 4.2%.
TABLE 198. LAMEA AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC FERTILIZER TYPE 2018–2026 (KILOTONS)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Nitrogenous 10,254.1 10,636.7 11,046.8 11,481.1 11,937.3 12,301.6 12,691.4 13,072.1 13,428.8 3.4%
Phosphatic 3,949.2 4,128.4 4,321.0 4,526.0 4,742.5 4,925.4 5,121.1 5,315.9 5,503.6 4.2%
Potassic 2,929.8 3,077.9 3,237.3 3,407.2 3,587.3 3,743.2 3,910.1 4,077.5 4,240.7 4.7%
Total 17,133.1 17,843.0 18,605.1 19,414.3 20,267.1 20,970.1 21,722.6 22,465.5 23,173.2 3.8%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
268
Urea fertilizers was the highest contributor to the LAMEA nitrogenous fertilizers market revenue with $5,135.5
2026. Ammonia is estimated to reach $1,312.7 million by 2026 with a CAGR of 9.6%.
TABLE 199. LAMEA AGROCHEMICALS MARKET REVENUE, BY NITROGENOUS FERTILIZER TYPE 2018–2026 ($MILLION)
BY NITROGENOUS CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Urea 5,135.5 5,373.9 5,627.6 5,896.0 6,175.2 6,412.0 6,662.9 6,910.7 7,147.4 4.2%
Ammonia 625.4 693.2 767.5 848.8 937.8 1,023.3 1,116.1 1,213.1 1,312.7 9.6%
Calcium
893.0 962.0 1,035.7 1,115.2 1,202.4 1,282.0 1,368.3 1,457.2 1,546.9 7.0%
Ammonium Nitrate
Other Nitrogenous
3,130.1 3,270.3 3,422.5 3,583.4 3,750.6 3,891.8 4,041.4 4,188.8 4,329.2 4.1%
Fertilizers
Total 9,784.1 10,299.5 10,853.3 11,443.4 12,065.9 12,609.1 13,188.7 13,769.8 14,336.3 4.8%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
269
Urea fertilizers was the highest contributor to the LAMEA nitrogenous fertilizers market volume with 5,650.0
2026. Ammonia is estimated to reach 1,020.6 kilotons by 2026 with a CAGR of 7.3%.
TABLE 200. LAMEA AGROCHEMICALS MARKET VOLUME, BY NITROGENOUS FERTILIZER TYPE 2018–2026 (KILOTONS)
BY NITROGENOUS CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Urea 5,650.0 5,836.9 6,037.1 6,248.6 6,470.0 6,639.8 6,821.6 6,996.8 7,157.6 3.0%
Ammonia 574.2 622.2 673.9 729.1 787.9 842.7 901.1 960.8 1,020.6 7.3%
Calcium
933.1 986.6 1,043.9 1,105.1 1,169.9 1,227.1 1,288.2 1,349.7 1,410.0 5.2%
Ammonium Nitrate
Other Nitrogenous
3,096.7 3,191.0 3,291.9 3,398.4 3,509.6 3,592.1 3,680.5 3,764.8 3,840.7 2.7%
Fertilizers
Total 10,254.1 10,636.7 11,046.8 11,481.1 11,937.3 12,301.6 12,691.4 13,072.1 13,428.8 3.4%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
270
DAP fertilizers was the highest contributor to the LAMEA phosphatic fertilizers market revenue with $1,121.0
2026. TSP is estimated to reach $500.8 million by 2026 with a CAGR of 9.0%.
TABLE 201. LAMEA AGROCHEMICALS MARKET REVENUE, BY PHOSPHATIC FERTILIZER TYPE 2018–2026 ($MILLION)
BY PHOSPHATIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
DAP 1,121.0 1,193.7 1,273.4 1,360.4 1,454.3 1,539.1 1,630.8 1,724.7 1,818.9 6.2%
MAP 844.9 917.7 998.4 1,086.6 1,182.0 1,273.7 1,373.3 1,477.4 1,584.3 8.1%
TSP 248.5 273.3 300.3 329.9 362.0 393.4 427.6 463.6 500.8 9.0%
Other phosphatic
1,238.8 1,288.2 1,340.2 1,396.0 1,454.5 1,498.8 1,545.6 1,589.8 1,629.5 3.4%
fertilizers
Total 3,453.1 3,673.0 3,912.4 4,172.8 4,452.9 4,705.0 4,977.2 5,255.4 5,533.4 6.0%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
271
DAP fertilizers was the highest contributor to the LAMEA phosphatic fertilizers market volume with 1,287.4
2026. TSP is estimated to reach 572.4 kilotons by 2026 with a CAGR of 8.3%.
TABLE 202. LAMEA AGROCHEMICALS MARKET VOLUME, BY PHOSPHATIC FERTILIZER TYPE 2018–2026 (KILOTONS)
BY PHOSPHATIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
DAP 1,287.4 1,346.9 1,410.8 1,478.9 1,550.8 1,611.8 1,677.2 1,742.3 1,805.2 4.3%
MAP 908.3 959.9 1,015.4 1,074.9 1,138.2 1,194.4 1,254.7 1,315.7 1,375.9 5.3%
TSP 300.1 328.2 358.6 391.5 426.8 460.5 496.7 534.2 572.4 8.3%
Other phosphatic
1,453.3 1,493.5 1,536.1 1,580.7 1,626.7 1,658.6 1,692.5 1,723.7 1,750.2 2.3%
fertilizers
Total 3,949.2 4,128.4 4,321.0 4,526.0 4,742.5 4,925.4 5,121.1 5,315.9 5,503.6 4.2%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
272
Potassium chloride fertilizers was the highest contributor to the LAMEA potassic fertilizers market revenue with
2019 to 2026. Potassium sulfate is estimated to reach $212.1 million by 2026 with a CAGR of 6.8%.
TABLE 203. LAMEA AGROCHEMICALS MARKET REVENUE, BY POTASSIC FERTILIZER TYPE 2018–2026 ($MILLION)
BY POTASSIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Potassium
108.0 115.6 123.7 132.3 141.7 150.3 159.6 169.1 178.7 6.4%
magnesium sulfate
Others 55.1 58.4 61.8 65.5 69.5 72.9 76.7 80.5 84.2 5.4%
Total 2,196.4 2,334.7 2,483.3 2,640.4 2,809.2 2,961.8 3,125.4 3,292.1 3,457.9 5.8%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
273
Potassium chloride fertilizers was the highest contributor to the LAMEA potassic fertilizers market volume with
2019 to 2026. Potassium magnesium sulfate is estimated to reach 228.6 kilotons by 2026 with a CAGR of 5.1%.
TABLE 204. LAMEA AGROCHEMICALS MARKET VOLUME, BY POTASSIC FERTILIZER TYPE 2018–2026 (KILOTONS)
BY POTASSIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Potassium
152.6 161.1 170.1 179.8 190.1 199.2 209.0 218.9 228.6 5.1%
magnesium sulfate
Others 71.3 73.9 76.6 79.5 82.5 84.8 87.3 89.7 91.8 3.1%
Total 2,929.8 3,077.9 3,237.3 3,407.2 3,587.3 3,743.2 3,910.1 4,077.5 4,240.7 4.7%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
274
Synthetic pesticides was the highest contributor to the LAMEA pesticide market revenue with $12,670.0 million
Biopesticides is estimated to reach $3,587.8 million by 2026 with a CAGR of 16.9%.
TABLE 205. LAMEA AGROCHEMICALS MARKET REVENUE, BY PESTICIDE TYPE 2018–2026 ($MILLION)
CAGR
(2019 - 2026)
Biopesticides 995.7 1,201.9 1,447.0 1,738.5 2,084.1 2,408.1 2,775.7 3,170.1 3,587.8 16.9%
Total 13,665.7 14,478.7 15,358.5 16,307.6 17,340.9 18,246.2 19,226.2 20,222.2 21,210.6 5.6%
Synthetic pesticides was the highest contributor to the LAMEA pesticide market volume with 714.8 kilotons in
TABLE 206. LAMEA AGROCHEMICALS MARKET VOLUME, BY PESTICIDE TYPE 2018–2026 (KILOTONS)
Agrochemicals CAGR
Market (2019 - 2026)
Synthetic Pesticides 714.8 748.7 785.3 824.4 866.9 902.1 940.1 978.0 1,014.7 4.4%
Global Opportunity
Forecast, 2019-2026
Total 733.5 770.2 809.7 852.2 898.4 937.1 979.0 1,021.0 1,061.9 4.7%
275
Herbicide was the highest contributor to the LAMEA synthetic pesticide market revenue with $6,642.2 million
Insecticide is estimated to reach $3,284.4 million by 2026 with a CAGR of 4.6%.
TABLE 207. LAMEA AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC PESTICIDE TYPE 2018–2026 ($MILLION)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Herbicide 6,642.2 6,940.7 7,258.8 7,591.8 7,944.7 8,234.0 8,541.2 8,842.0 9,125.9 4.0%
Insecticide 2,277.2 2,398.2 2,523.9 2,655.3 2,793.4 2,912.7 3,038.9 3,164.0 3,284.4 4.6%
Fungicide 2,968.9 3,128.0 3,290.1 3,454.4 3,621.9 3,771.8 3,927.5 4,081.4 4,228.5 4.4%
Others 781.6 809.9 838.7 867.6 896.8 919.5 942.9 964.7 984.0 2.8%
Total 12,670.0 13,276.8 13,911.5 14,569.0 15,256.8 15,838.0 16,450.5 17,052.2 17,622.8 4.1%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
276
Herbicide was the highest contributor to the LAMEA synthetic pesticides market volume with 275.5 kilotons in
2018 and is estimated to reach 384.1 kilotons by 2026 growing at a CAGR of 4.2% from 2019 to 2026. Fungicide
TABLE 208. LAMEA AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC PESTICIDE TYPE 2018–2026 (KILOTONS)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Herbicide 275.5 288.0 301.3 315.7 331.2 343.8 357.5 371.0 384.1 4.2%
Insecticide 156.9 166.5 176.9 188.1 200.3 211.0 222.6 234.4 246.1 5.7%
Fungicide 96.5 102.8 109.5 116.9 124.8 131.9 139.6 147.4 155.2 6.1%
Others 185.8 191.5 197.5 203.8 210.7 215.4 220.5 225.2 229.3 2.6%
Total 714.8 748.7 785.3 824.4 866.9 902.1 940.1 978.0 1,014.7 4.4%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
277
Bioinsecticide was the highest contributor to the LAMEA Biopesticide market revenue with $324.7 million in
TABLE 209. LAMEA AGROCHEMICALS MARKET REVENUE, BY BIOPESTICIDE TYPE 2018–2026 ($MILLION)
CAGR
BY BIOPESTICIDE 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
Bioherbicide 264.8 334.9 421.5 528.1 658.1 769.8 896.9 1,030.4 1,168.6 19.5%
Bioinsecticide 324.7 372.6 427.0 488.9 558.7 624.4 696.7 772.4 850.7 12.5%
Biofungicide 207.0 237.6 272.8 312.9 358.3 400.7 447.2 496.0 546.2 12.6%
Others 229.8 296.5 373.1 461.0 561.8 689.1 839.4 1,019.1 1,232.3 22.6%
Total 1,026.4 1,241.7 1,494.5 1,790.8 2,136.9 2,483.9 2,880.3 3,317.9 3,797.9 17.3%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
278
Bioherbicide was the highest contributor to the LAMEA Biopesticide market volume with 8.3 kilotons in 2018
and is estimated to reach 23.1 kilotons by 2026 growing at a CAGR of 13.3% from 2019 to 2026. Biofungicide is
TABLE 210. LAMEA AGROCHEMICALS MARKET VOLUME, BY BIOPESTICIDE TYPE 2018–2026 (KILOTONS)
CAGR
BY BIOPESTICIDE 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
Bioherbicide 8.3 9.7 11.2 12.9 14.9 16.7 18.8 20.9 23.1 13.3%
Bioinsecticide 4.3 4.7 5.2 5.8 6.4 6.9 7.6 8.3 8.9 9.5%
Biofungicide 2.0 2.2 2.4 2.7 3.0 3.3 3.7 4.0 4.4 10.6%
Others 4.1 4.9 5.6 6.4 7.1 8.0 8.9 9.8 10.8 12.0%
Total 18.7 21.5 24.5 27.8 31.4 35.0 38.9 43.0 47.3 11.9%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
279
Synthetic herbicide was the highest contributor to the LAMEA herbicide market revenue with $6,377.4 million
Bioherbicides is estimated to reach $1,168.6 million by 2026 with a CAGR of 19.5%.
TABLE 211. LAMEA AGROCHEMICALS MARKET REVENUE, BY HERBICIDE TYPE 2018–2026 ($MILLION)
BY HERBICIDES CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
TYPE (2019 - 2026)
Bioherbicides 264.8 334.9 421.5 528.1 658.1 769.8 896.9 1,030.4 1,168.6 19.5%
Total 6,642.2 6,940.7 7,258.8 7,591.8 7,944.7 8,234.0 8,541.2 8,842.0 9,125.9 4.0%
Synthetic herbicide was the highest contributor to the LAMEA herbicides market volume with 267.2 kilotons in
TABLE 212. LAMEA AGROCHEMICALS MARKET VOLUME, BY HERBICIDE TYPE 2018–2026 (KILOTONS)
2018 2019 2020 2021 2022 2023 2024 2025 2026
Global Opportunity
Forecast, 2019-2026
Total 275.5 288.0 301.3 315.7 331.2 343.8 357.5 371.0 384.1 4.2%
280
Glyphosate was the highest contributor to the LAMEA synthetic herbicides market revenue with $1,460.3 million
TABLE 213. LAMEA AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC HERBICIDES TYPE 2018–2026 ($MILLION)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Glyphosate 1,460.3 1,482.8 1,499.6 1,511.3 1,519.0 1,516.8 1,512.6 1,504.0 1,489.5 1.9%
Atrazine 200.1 209.4 219.0 228.1 237.5 245.5 253.7 261.6 268.8 3.6%
Acetochlor 126.7 132.3 137.8 143.5 149.1 153.8 158.6 163.2 167.4 3.4%
2,4-D 28.5 29.4 30.3 31.2 32.0 32.6 33.2 33.8 34.3 2.2%
Paraquat 284.0 311.0 340.5 371.5 404.3 434.8 466.7 498.8 530.4 7.9%
Others 4,277.8 4,440.8 4,610.0 4,778.2 4,944.6 5,080.8 5,219.6 5,350.4 5,467.0 3.0%
Total 6,377.4 6,605.8 6,837.2 7,063.7 7,286.6 7,464.3 7,644.3 7,811.6 7,957.3 2.7%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
281
Glyphosate was the highest contributor to the LAMEA synthetic herbicides market volume with 76.4 kilotons in
2018 and is estimated to reach 105.4 kilotons by 2026 growing at a CAGR of 4.1% from 2019 to 2026. Acetochlor
TABLE 214. LAMEA AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC HERBICIDES TYPE 2018–2026 (KILOTONS)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Glyphosate 76.4 79.8 83.4 87.3 91.4 94.8 98.4 102.0 105.4 4.1%
Atrazine 8.1 8.5 8.8 9.1 9.5 9.8 10.1 10.4 10.6 3.4%
Acetochlor 6.7 7.0 7.4 7.8 8.2 8.6 9.0 9.4 9.7 4.8%
2,4-D 3.3 3.4 3.6 3.7 3.8 3.9 4.0 4.1 4.2 2.7%
Paraquat 9.5 9.9 10.4 10.9 11.4 11.8 12.3 12.7 13.2 4.1%
Others 163.1 169.7 176.6 184.0 192.0 198.2 205.0 211.6 217.8 3.6%
Total 267.2 278.3 290.1 302.7 316.3 327.1 338.7 350.1 361.0 3.8%

Agrochemicals Synthetic insecticides was the highest contributor to the LAMEA insecticides market revenue with $1,952.5
Market million in 2018 and is estimated to reach $2,433.7 million by 2026 growing at a CAGR of 2.7% from 2019 to
Global Opportunity 2026. Bioinsecticides is estimated to reach $850.7 million by 2026 with a CAGR of 12.5%.
Forecast, 2019-2026
282
TABLE 215. LAMEA AGROCHEMICALS MARKET REVENUE, BY INSECTICIDES TYPE 2018–2026 ($MILLION)
CAGR
BY INSECTICIDES 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
Synthetic
1,952.5 2,025.6 2,096.9 2,166.3 2,234.8 2,288.3 2,342.2 2,391.6 2,433.7 2.7%
Insecticides
Total 2,277.2 2,398.2 2,523.9 2,655.3 2,793.4 2,912.7 3,038.9 3,164.0 3,284.4 4.6%
Synthetic insecticides was the highest contributor to the LAMEA Insecticides market volume with 152.6 kilotons
TABLE 216. LAMEA AGROCHEMICALS MARKET VOLUME, BY INSECTICIDES TYPE 2018–2026 (KILOTONS)
CAGR
BY INSECTICIDES 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
Synthetic
152.6 161.8 171.7 182.3 193.9 204.0 215.0 226.1 237.1 5.6%
Insecticides
Agrochemicals
Total 156.9 166.5 176.9 188.1 200.3 211.0 222.6 234.4 246.1 5.7%
Market
Global Opportunity
Forecast, 2019-2026
283
Organophosphates was the highest contributor to the LAMEA synthetic insecticides market revenue with $599.2
Pyrethroids is estimated to reach $449.8 million by 2026 with a CAGR of 1.7%.
TABLE 217. LAMEA AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC INSECTICIDES TYPE 2018–2026 ($MILLION)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Pyrethroids 390.3 400.7 410.8 420.5 429.7 435.7 441.6 446.5 449.8 1.7%
Neonicotinoids 194.3 201.9 209.3 216.2 222.6 228.1 233.5 238.4 242.5 2.7%
Others 537.5 560.9 582.8 603.8 624.7 641.8 658.9 674.9 688.9 3.0%
Total 1,952.5 2,025.6 2,096.9 2,166.3 2,234.8 2,288.3 2,342.2 2,391.6 2,433.7 2.7%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
284
Organophosphates was the highest contributor to the LAMEA Insecticides market volume with 39.2 kilotons in
2018 and is estimated to reach 57.1 kilotons by 2026 growing at a CAGR of 4.8% from 2019 to 2026. Pyrethroids
TABLE 218. LAMEA AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC INSECTICIDES TYPE 2018–2026 (KILOTONS)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Pyrethroids 27.0 28.1 29.3 30.5 31.8 32.8 33.9 34.9 35.8 3.5%
Neonicotinoids 18.2 19.4 20.6 22.0 23.5 24.8 26.2 27.6 29.0 5.9%
Others 50.1 54.1 58.4 63.2 68.4 73.3 78.6 84.1 89.6 7.5%
Total 152.6 161.8 171.7 182.3 193.9 204.0 215.0 226.1 237.1 5.6%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
285
Synthetic fungicides was the highest contributor to the LAMEA fungicides market revenue with $2,761.9 million
Biofungicides is estimated to reach $546.2 million by 2026 with a CAGR of 12.6%.
TABLE 219. LAMEA AGROCHEMICALS MARKET REVENUE, BY FUNGICIDES TYPE 2018–2026 ($MILLION)
CAGR
BY FUNGICIDES 2018 2019 2020 2021 2022 2023 2024 2025 2026
(2019 - 2026)
Biofungicides 207.0 237.6 272.8 312.9 358.3 400.7 447.2 496.0 546.2 12.6%
Total 2,968.9 3,128.0 3,290.1 3,454.4 3,621.9 3,771.8 3,927.5 4,081.4 4,228.5 4.4%
Synthetic fungicides was the highest contributor to the LAMEA fungicides market volume with 94.5 kilotons in
TABLE 220. LAMEA AGROCHEMICALS MARKET VOLUME, BY FUNGICIDES TYPE 2018–2026 (KILOTONS)
Agrochemicals CAGR
BY FUNGICIDES 2018 2019 2020 2021 2022 2023 2024 2025 2026
Market (2019 - 2026)
Global Opportunity
Forecast, 2019-2026
Total 96.5 102.8 109.5 116.9 124.8 131.9 139.6 147.4 155.2 6.1%
286
Triazoles was the highest contributor to the LAMEA synthetic fungicides market revenue with $497.4 million in
TABLE 221. LAMEA AGROCHEMICALS MARKET REVENUE, BY SYNTHETIC FUNGICIDES TYPE 2018–2026 ($MILLION)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Benzimidazoles 60.7 62.9 65.0 67.0 68.8 70.4 71.9 73.2 74.4 2.4%
Chloronitriles 64.2 66.3 68.3 70.2 72.0 73.4 74.7 75.9 76.9 2.1%
Triazoles 497.4 520.3 542.9 564.9 586.2 605.2 624.3 642.7 659.6 3.4%
Phenylamides 63.2 66.5 69.7 72.9 77.1 80.0 83.3 86.5 89.6 4.4%
Strobilurins 502.1 523.8 545.2 565.8 585.8 603.2 620.7 637.4 652.5 3.2%
Others 1,493.2 1,566.2 1,638.6 1,709.7 1,779.2 1,841.8 1,905.3 1,966.8 2,024.1 3.7%
Total 2,761.9 2,890.4 3,017.3 3,141.5 3,263.6 3,371.2 3,480.3 3,585.4 3,682.3 3.5%
Market
Global Opportunity
Forecast, 2019-2026
287
Triazoles was the highest contributor to the LAMEA synthetic fungicides market volume with 14.5 kilotons in
TABLE 222. LAMEA AGROCHEMICALS MARKET VOLUME, BY SYNTHETIC FUNGICIDES TYPE 2018–2026 (KILOTONS)
BY SYNTHETIC CAGR
2018 2019 2020 2021 2022 2023 2024 2025 2026
Benzimidazoles 3.1 3.2 3.4 3.6 3.8 4.0 4.2 4.4 4.5 5.0%
Chloronitriles 2.5 2.7 2.9 3.1 3.3 3.6 3.8 4.1 4.3 7.1%
Triazoles 14.5 15.3 16.3 17.2 18.3 19.2 20.2 21.2 22.2 5.4%
Phenylamides 3.5 3.8 4.0 4.3 4.6 4.9 5.2 5.5 5.8 6.3%
Strobilurins 15.3 16.2 17.2 18.4 19.6 20.6 21.8 22.9 24.1 5.8%
Others 51.7 55.1 58.7 62.6 66.9 70.7 74.8 79.0 83.2 6.1%
Total 94.5 100.6 107.1 114.1 121.8 128.6 135.9 143.4 150.8 6.0%
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
288
CHAPTER 6: COMPETITIVE LANDSCAPE
6.1. Introduction
The agrochemicals market is consolidated in nature with few players such as BASF SE, Bayer AG, Sumitomo
Chemical Company, Syngenta AG, Dow, Inc., and The Mosaic Company holding significant share of the market.
These players have been adopting various strategies to gain higher share or to retain leading positions in the
market. Agreement is the most adopted strategy by the players including BASF SE, Bayer AG, and Yara
International. Top winning strategies are analyzed by performing a thorough study of the leading players in the
agrochemicals market. Comprehensive analysis of recent developments and growth curves of various
companies help understand the growth strategies adopted by them and their potential effect on the market.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
289
6.1.1. Market player positioning, 2018
FIGURE 12. MARKET PLAYER POSITIONING, 2018
5.0
4.8 High Sumitomo Chemical BASF SE

Company
4.6
Market Positioning
4.4
Dow, Inc.
Bayer AG
4.2 Medium
The Mosaic Company
4.0
3.8 Syngenta AG
Low
3.6
3.4
3.7 4.4
Product portfolio
Source: Primary & Secondary Research and AMR Analysis
The above graph represents the potential of various key players in terms of their competitive strength. The
analysis indicates the performance potential of a firm in the market with respect to its competitors. Every
Agrochemicals
company follows its own business strategy to attain the maximum market share. Currently, BASF SE, Bayer AG,
Market
Sumitomo Chemical Company, Syngenta AG, Dow, Inc., and The Mosaic Company, DuPont de Nemours, Inc.,
Global Opportunity Nutrien, Ltd., FMC Corporation, and Yara International are some of the leading players in the global
Forecast, 2019-2026 agrochemicals market.
290
6.2. Top winning strategies
Top winning strategies are analyzed by performing a thorough study of the leading players in the agrochemicals
market. Comprehensive analysis of recent developments and growth curves of various companies help to
understand the growth strategies adopted by them and their potential effect on the market. The companies
were evaluated based on annual reports, SEC filings, and press releases. The key strategies traced from the
analysis of recent developments of the key players are as follows:
• Acquisition: This strategy is adopted by companies to take ownership stakes of other companies and
control them. In addition, it aids to expand the geographical presence of the company.
• Business Expansion: This strategy is adopted to enhance product portfolios, expand geographical reach,
and increase customer base.
• Product launch: This strategy is adopted to introduce new and unique products in the market.
• Agreement: This strategy is adopted to enhance the capabilities of market players and improve market
outreach.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
291
6.2.1. Top winning strategies, by year
FIGURE 13. TOP WINNING STRATEGIES, BY YEAR, 2016–2019
6.0
5
5.0
No. of Developments
4.0
3.0
2 2
2.0
1.0
0.0
2017 2018 2019
Source: Company Website, Annual Report, Secondary Research, and AMR Analysis
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
292
6.2.2. Top winning strategies, by development
FIGURE 14. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2016–2019 (%)
Product launch
22.2%
33.3%
Business expansion
Acquisition
22.2%
22.2% Agreement
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
293
6.2.3. Top winning strategies, by company
FIGURE 15. TOP WINNING STRATEGIES, BY COMPANY, 2016–2019
3.5
3.0
2.5 1
No. of Developments
2.0
1.5 1 1 1
1.0
0.5 1 1 1 1 1
0.0
Nutrien, Ltd. BASF SE Bayer AG Sumitomo Chemical Co., Yara International
Ltd.
Acquisition Agreement Business expansion Product Launch
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
294
6.3. Competitive heatmap
FIGURE 16. COMPETITIVE HEATMAP OF KEY PLAYERS
Product
Product Segmental Regional Relative Market
Factors Research & Product Launch
Offering Revenue Presence Share
Development
BASF SE
Bayer AG
Dow, Inc.
DuPont de Nemours, Inc.
FMC Corporation
Sumitomo Chemical Company
Syngenta AG
The Mosaic Company
Nutrien, Ltd.
Yara International
Scale Low Medium High
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
295
6.4. Key developments
Top winning strategies are analyzed by performing a thorough study of the leading players in the agrochemicals
market. Comprehensive analysis of recent developments and growth curves of various companies help to
understand the growth strategies adopted by them and their potential effect on the market.
6.4.1. New product launches

Bayer AG and Sumitomo Chemical Company have been actively engaged into the new product launches to gain
edge over competitors. Bayer AG and Sumitomo Chemical Company launched iblon technology for fungicide
and Maslao products respectively in year 2019. Bayer AG has one of the largest product portfolio and they are
expanding the same to expand its offerings.
TABLE 223. KEY NEW PRODUCT LAUNCHES (2016-2019)
YEAR Company development
Bayer launched fungicide iblon technology. This technology aimed at delivering excellent disease
September 2019 Product launch
control leading to healthy-looking & consistently higher yielding cereal crops.
Sumitomo Chemical launched new rice herbicide Maslao in Japan. This new product can be
April 2019 Product launch used for transplanted rice, direct seeded rice and it supports various spraying methods, This will
strengthen the product portfolio of the company
Agrochemicals Source: Company Website, Annual Report, Secondary Research, and AMR Analysis
Market
Global Opportunity
Forecast, 2019-2026
296
6.4.2. Expansions
TABLE 224. KEY EXPANSIONS (2016-2019)
BASF opened global agrochemical application research center in North Carolina, U.S. This
June 2019 Business expansion business expansion aimed at optimizing stewardship guidelines regarding on target application
of BASF crop protection products
Yara opened its first fertilizer plant in Brazil. This business expansion will strengthen the
March 2018 Business expansion
presence of company in fastest growing agricultural markets
6.4.3. Acquisition
TABLE 225. KEY ACQUISITION (2016-2019)
Nutrien acquired Agrichem, a specialty plant nutrition & plant health product company in Brazil.
This acquisition aimed at providing potential for enhancing the digital agriculture technologies.
January 2018 Acuisition
This will also enhance the product portfolio and strengthen the geographical position of the
company
Yara acquired Brazilian fertilizer complex from Vale Cubatao Fertilizantes. With this acquisition,
November 2017 Acquisition the company is aimed at establishing itself as a nitrogen producer in Brazil. This will strengthen
the position of Yara in Brazilian agricultural market.
Agrochemicals Source: Company Website, Annual Report, Secondary Research, and AMR Analysis
Market
Global Opportunity
Forecast, 2019-2026
297
6.4.4. Agreements
TABLE 226. KEY AGREEMENTS (2016-2019)
Yara signed collaboration agreement with Nel ASA related to green fertilizer project. This project
August 2019 Agreement is aimed to realize zero emission fertilizer production using innovative solutions and cost-
efficient hydrogen production from electrolysis based on renewable energy
Bayer signed agreement AplhaBio Control for innovative biological pest control product named
June 2019 Agreement Flipper. Through this agreement AlphaBio grants Bayer to commercialize Flipper for agricultural
& non-agricultural uses
BASF signed commercial agreement with Mitsui Chemicals Agro, Inc. for new insecticide with
Insecticide Resistance Action Committee (IRAC) novel mode of action. New insecticide named
December 2017 Agreement
Broflanilide is used for crop pests control and non-crop pests control, This will contribute the
growth of the organization
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
298
CHAPTER 7: COMPANY PROFILES:
7.1. BASF SE
Carl-Bosch-Str. 38
67056 Ludwigshafen
Germany
Tel.: +49-621-602-0916
Website: www.basf.com
7.1.1. Company overview

BASF SE (BASF) is one of the world’s biggest chemical companies. It produces a vast array of chemicals and
related products and serves twelve divisions grouped into six segments as chemicals, materials, industrial
solutions, surface technologies, nutrition & care, and agricultural solutions. It is one of the leading players in
the agrochemicals market. BASF SE has global footprint in 90+ countries and more than 350 production
sites.BASF SE had 122,404 employees as on December 31, 2018 of which 3,174 are apprentices. Until December
31, 2018, our portfolio was arranged into four segments: chemicals, performance products, functional materials
& solutions and agricultural solutions as shown in revenue by segment section.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
299
7.1.2. Company snapshot
TABLE 227. BASF: COMPANY SNAPSHOT
Information Description
Year of Foundation 1865
Key Executive(s) Dr. Martin Brudermüller (Chairman)
Primary Business Chemicals Manufacturing
Geographical Presence Europe, North America, Asia-Pacific, South America, Africa, Middle East
Key Strategic Move Business Expansion
• 2016: 1,963.8
R & D Expenditure (US$ Million) • 2017: 2,210.3
• 2018: 2,322.1
Workforce 122,404 (as of December 31, 2018)
Source: Corporate Publications and AMR Analysis
7.1.3. Operating business segments

BASF operates its business through six reportable segments:
Agrochemicals
TABLE 228. BASF: OPERATING SEGMENTS
Market
Segment Description
Global Opportunity
Analysis and Industry Deals in making basic chemicals and intermediates, including solvents, textile fibers, paints and
Chemicals
coatings, oil and gas
Forecast, 2019-2026
300
Segment Description
Deals in products catalysts, battery materials, engineered plastics, polyurethane systems, monomers,
Materials
biodegradable plastics
Industrial Solutions Deals in surface treatment solutions, construction systems, dispersions and pigments
Surface Technologies Deals with catalysts, coatings and construction chemicals
Nutrition and Care Deals with care chemicals and nutrition and health
Agricultural Solutions Deals with agricultural solutions
7.1.4. Product portfolio

BASF offers products through the following product category:
TABLE 229. BASF: PRODUCT PORTFOLIO
Product Category Brand/Product
• Fungicides
• Seltima, Merivon, Acrisio, Cabrio Top, Zampro, Acrobat, Adexar & Polyram
• Herbicides
Agrochemicals Agrochemicals
• Basagran
• Insecticides
Market • Laguna & Philtre
• Seed Treatment Products
Global Opportunity
Analysis and Industry • Pest Control Products
Forecast, 2019-2026 Source: Corporate Publications and AMR Analysis
301
7.1.5. Business performance
BASF registered decrease in growth rate of 2.3% from 2017 to 2018, owing to variation in foreign exchange rate
in 2018.
FIGURE 17. BASF: REVENUE, 2016–2018 ($MILLION)
Net sales ($Million)
73,427.7 71,762.9
60,663.4
2016 2017 2018
Agrochemicals Source: Corporate Publications and AMR Analysis
Market TABLE 230. OVERALL FINANCIAL STATUS ($MILLION)
Global Opportunity Year 2016 2017 2018

Net Sales 60,663.4 73,427.7 71,762.9
Forecast, 2019-2026
302
FIGURE 18. BASF: REVENUE SHARE BY SEGMENT, 2018 (%)
9.8% Chemicals
26.3%
Performance Materials
34.2% Functional Materials and Solutions
25.2% Agricultural Solutions
FIGURE 19. BASF: REVENUE SHARE BY REGION, 2018 (%)
5.8% Europe
22.2%
North America
45.5%
Agrochemicals Asia Pacific

Market
26.6% South America, Africa, Middle East
Global Opportunity
303
7.1.6. Key strategic moves and developments
BASF adopted business expansion as its key developmental strategy to sustain the intense competition and
improve its product portfolio.
TABLE 231. BASF: KEY STRATEGIC MOVES AND DEVELOPMENTS
Date Strategy Description
BASF opened global agrochemical application research center in North Carolina, U.S. This
June 2019 Business expansion business expansion aimed at optimizing stewardship guidelines regarding on target application
of BASF crop protection products
BASF signed commercial agreement with Mitsui Chemicals Agro, Inc. for new insecticide with
Insecticide Resistance Action Committee (IRAC) novel mode of action. New insecticide named
December 2017 Agreement
Broflanilide is used for crop pests control and non-crop pests control, This will contribute the
growth of the organization
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
304
7.2. BAYER AG
51368 Leverkusen, Germany
Tel.: +49-214-301
Website: www.bayer.com

Bayer AG is a life science company. Its operating segments include Pharmaceuticals, Consumer Health, Crop
Science, and the Animal Health. Bayer AG offers high-value seeds, improved plant traits, innovative chemical
and biological crop protection products, and other through crop science segment. It offers different products
such as basic and fine chemicals, herbicides, consumer health products and others. It has 420 consolidated
companies in 90 countries throughout the world. Bayer distributes its products through wholesalers,
pharmacies, supermarket and drugstore chains, online and other retailers, and hospitals, as well as directly to
farmers.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
305
TABLE 232. BAYER AG: COMPANY SNAPSHOT
Key Executive(s) Werner Baumann (Chairman)
Primary Business Pharmaceutical & Life Sciences
Geographical Presence Europe, Middle East, Africa, North America, Asia-Pacific, Latin America
Key Strategic Move Product Launch
• 2016: 5,043.7
R & D Expenditure (US$ Million) • 2017: 5,157.1
• 2018: 6,006.7
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
306
Bayer AG operates its business through four reportable segments:
TABLE 233. BAYER AG: OPERATING SEGMENTS
Segment Description
Pharmaceuticals Comprises prescription products, especially for cardiology and women’s healthcare, and others
Comprises high-value seeds innovative chemical and biological pest management solutions, extensive
Crop Science
customer service for modern and sustainable agriculture
Comprises Aleve, Alka Seltzer, Aspirin, Bepanthen/Bepanthol, Berocca, Canesten, Claritin, Coppertone,
Consumer Health
Dr. Scholl’s, Elevit, Iberogast, MiraLAX, One-A-Day, Rennie and Redoxon
Animal Health Comprises products and solutions for health and well-being of pets and farm animals

Bayer AG offers products through the following product category:
TABLE 234. BAYER AG: PRODUCT PORTFOLIO

Agrochemicals • Crop Protection Products
Market • Insecticides – Belt, Sivanto, Confidor
Agrochemicals
• Herbicides – Adengo, EsplAnade, Harness, Roundup, Warrant
Global Opportunity
• Fungicide – Luna, Prosaro, Serenade, Signature, Xpro
307
Bayer AG registered a total annual growth of 7.9% owing to increase in revenue obtained from the crop science
segment in 2018.
FIGURE 20. BAYER AG: NET SALES, 2016–2018 ($MILLION)
45,326.0
41,993.5
36,833.4
2016 2017 2018

Net Sales 36,833.4 41,993.5 45,326.0
Forecast, 2019-2026
308
FIGURE 21. BAYER AG: REVENUE SHARE BY SEGMENT, 2018 (%)
4.0%
Pharmaceuticals
Consumer Health
37.6% 44.1%
Crop Science
Animal Health
14.3%
FIGURE 22. BAYER AG: REVENUE SHARE BY REGION, 2018 (%)
14.5% Europe / Middle East / Africa
35.7% North America

20.5%
Agrochemicals Asia-Pacific
Market
Latin America
Global Opportunity 29.2%
309
Bayer AG adopted product launch as its key developmental strategy to sustain the intense competition and
improve its product portfolio.
TABLE 236. BAYER AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
Bayer launched fungicide iblon technology. This technology aimed at delivering excellent disease
September 2019 Product launch
control leading to healthy-looking & consistently higher yielding cereal crops.
Bayer signed agreement AplhaBio Control for innovative biological pest control product named
June 2019 Agreement Flipper. Through this agreement AlphaBio grants Bayer to commercialize Flipper for agricultural
& non-agricultural uses
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
310
7.3. DOW, INC.
2211 H H Dow Way
Midland, Michigan, 48642-4815
U.S.
Tel.: +1-989-636-1000
Website: www.dow.com

Dow Inc. (Dow) is primarily engaged in the production of synthetic resins, specialty chemicals, plastics materials,
and non vulcanizable elastomers. It operates its business through three business segments such as performance
materials & coatings, industrial intermediates & infrastructure, packaging & specialty plastics. Important
products of this industry includes crop protection products, cellulose plastics materials, phenolic & other tar
acid resins, urea & melamine resins, and polyethylene resins.Dow produces products at 113 manufacturing sites
in 31 countries around the world.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
311
TABLE 237. DOW: COMPANY SNAPSHOT
Jim Fitterling (CEO)

Key Executive(s)
Howard Ungerleider (President & CFO)
Primary Business Chemicals
Geographical Presence U.S. & Canada, EMEA, Asia Pacific, Latin America

DOW operates its business through three reportable segments:
TABLE 238. DOW: OPERATING SEGMENTS
Segment Description
Agrochemicals Performance materials & coatings Includes utilization of Dow’s acrylics, cellulosic, and silicone based technology
Market Industrial Intermediates & Infrastructures Develops important intermediate chemicals like ethylene oxide, cellulose ethers, etc.
Packaging & Specialty Plastics Includes industrial and consumer packaging, health & hygiene, caps and pipe applications.
Global Opportunity
Analysis and Industry Source: Corporate Publications and AMR Analysis
Forecast, 2019-2026
312
DOW offers product through the following product category:
TABLE 239. DOW: PRODUCT PORTFOLIO
• Fungicides
Agrochemicals • Herbicides
• Insecticides
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
313
Dow registered a total annual growth of 8.6% from 2017 to 2018, owing to increase in net revenue of each
segment.
FIGURE 23. DOW: NET SALES, 2016–2018 ($MILLION)
60,278.0
55,508.0
48,158.0
2016 2017 2018

TABLE 240. OVERALL FINANCIAL STATUS ($MILLION)

Agrochemicals
Market Year 2016 2017 2018
Net Sales 48,158.0 55,508.0 60,278.0

Global Opportunity
Forecast, 2019-2026
314
FIGURE 24. DOW: REVENUE SHARE BY SEGMENT, 2018 (%)
11.5% Performance materials & coatings

9.4%
Industrial intermediates & infrastructure
79.1% Packaging & Specialty Platics
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
315
7.4. DUPONT
974 Centre Road,
Wilmington, DE 19805
U.S.
Tel.: +1-302-999-2761
Website: www.dupont.com

DuPont is primarily engaged in the production of high-performance solutions and specialty solution products.
It operates its business through its four reportable segments such as nutrition & biosciences, electronics &
imaging, transportation & advanced materials, and safety & construction. It offers crop protection product such
as insecticide, herbicide and others through nutrition & biosciences segment. It has global footprint in around
70 countries across globe. Financials (2016-2018) provided in this company profile are before the demerger of
DowDuPont.

TABLE 241. DUPONT: COMPANY SNAPSHOT
Agrochemicals
Market
Global Opportunity
Key Executive(s) Marc Doyle (CEO)
Forecast, 2019-2026 Primary Business High performance solutions and specialty chemicals
316
Geographical Presence North America, Asia-Pacific, Europe & Middle East, South America, Africa

DuPont operates its business through eight reportable segments:
TABLE 242. DOW: OPERATING SEGMENTS
Segment Description
Performance Materials & Coatings Includes Coatings & Performance Monomers and Consumer Solutions
Industrial Intermediates & Infrastructure Includes Industrial Solutions, Polyurethanes & CAV and others
Packaging & Specialty Plastics Includes Hydrocarbons & Energy and Packaging and Specialty Plastics
Includes Advanced Printing, Display Technologies, Interconnect Solutions, Photovoltaic & Advanced
Electronics & Imaging
Materials and Semiconductor Technologies
Nutrition & Biosciences Includes Industrial Biosciences and Nutrition & Health
Transportation & Advanced Polymers Includes Engineering Polymers, Performance Resins and Performance Solutions
Agrochemicals
Market Safety & Construction Includes Aramids, Construction, TYVEK® Enterprise and Water Solutions
Includes seed and crop protection. Seed producing and marketing hybrid corn seed and soybean seed
Agriculture
Global Opportunity varieties. Crop protection for weed control, disease control and insect control
Forecast, 2019-2026
317
DuPont offers products through the following product category:
TABLE 243. DUPONT: PRODUCT PORTFOLIO
• Herbicides
• Almix, Kloben, Londax, Segment
• Fungicides
Agrochemicals
• Curzate, Equation
• Insecticides
• Lannate, Magister
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
318
DuPont registered growth rate of 37.6% from 2017 to 218, owing to increase in revenue of packaging & specialty
plastics segment in 2018.
FIGURE 25. DUPONT: REVENUE, 2016–2018 ($MILLION)
85,977.0
62,484.0
48,158.0
2016 2017 2018

Net Sales 48,158.0 62,484.0 85,977.0
Forecast, 2019-2026
319
FIGURE 26. DUPONT: REVENUE SHARE BY SEGMENT, 2018 (%)
Agriculture
6.4%
6.6% 16.7% Performance Materials & Coatings
7.9% Industrial Intermediates & Infrastructure
5.5% 11.2% Packaging & Specialty Plastics

Electronics & Imaging
Nutrition & Biosciences
17.6% Transportation & Advanced Polymers
28.1%
Safety & Construction
FIGURE 27. DUPONT: REVENUE SHARE BY REGION, 2018 (%)
10.6% U.S. & Canada
37.3% EMEA
23.7%
Agrochemicals Asia-Pacific
Market
28.3% latin America
Global Opportunity
320
7.5. FMC CORPORATION
FMC Tower at Cira Centre South
2929 Walnut Street
Philadelphia, PA 19104
U.S.
Tel.: + 1-215-299-6000
Website: www.fmc.com

FMC Corporation is primarily engaged in the agricultural solution and crop protection. It operates its business
through two reportable business segments such as FMC agricultural solutions and FMC lithium. It offers
agrochemical products such as herbicides, fungicides, and insecticides through the business segment FMC
agricultural solutions. It serves various applications in agricultural crops such as grains, oil crops, nuts, fruits or
vegetables, and others.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
321
TABLE 245. FMC CORPORATION: COMPANY SNAPSHOT
Key Executive(s) Pierre R. Brondeau (CEO & Chairman of the Board)
Primary Business Agricultural Chemicals
Geographical Presence North America, Europe, Middle East, Africa, Latin America, Asia-Pacific
• 2016: 134.5
R & D Expenditure (US$ Million) • 2017: 141.5
• 2018: 291.5

FMC Corporation operates its business through two reportable segments
TABLE 246. FMC CORPORATION: OPERATING SEGMENTS

Agrochemicals
Market Segment Description
FMC Agricultural Solutions Comprises Insecticides, Herbicides and Fungicides products

Global Opportunity
Analysis and Industry FMC Lithium Comprises various lithium products
322
FMC Corporation offers products through the following product category:
TABLE 247. FMC CORPORATION: PRODUCT PORTFOLIO
• Herbicides
• Insecticides & Miticides
Agrochemicals • Fungicides
• Harvest Aids
• In-Furrow
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
323
FMC Corporation registered growth rate of 64.2% from 2017 to 2018, owing to increase in sales of each segment
in 2018.
FIGURE 28. FMC CORPORATION: REVENUE, 2016–2018 ($MILLION)
4,727.8
2,878.6
2,538.9
2016 2017 2018

Net Sales 2,538.9 2,878.6 4,727.8
Forecast, 2019-2026
324
FIGURE 29. FMC CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
9.4%
FMC Agricultural Solutions
FMC Lithium
90.6%
FIGURE 30. FMC CORPORATION: REVENUE SHARE BY REGION, 2018 (%)
North America
27.5% 24.9%
Europe, Middle East and Africa
Agrochemicals Latin America

Market 22.0%
25.6% Asia-Pacific
Global Opportunity
325
7.6. NUTRIEN, LTD.
Suite 500
122 - 1st Avenue South
Saskatoon, SK Canada
S7K 7G3
Tel.: +1-800-667-3930
Website: www.nutrien.com

Nutrien, Ltd. (Nutrien) is primarily engaged in the production of potash, nitrogen, and phosphate products for
agricultural, industrial, and feed customers worldwide. It operates its business through four business
segments—retail, potash, nitrogen, and phosphate & sulphate. Nutrien offers variety of products such as
herbicides, fungicides, insecticides, feed supplements, livestock-related animal health products, irrigation
equipment, and others. It offers solid fertilizer, liquid fertilizer, and other industrial products through phosphate
& sulphate segment.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
326
TABLE 249. NUTRIEN: COMPANY SNAPSHOT
Key Executive(s) Chuck Magro (President & CEO)
Primary Business Fertilizers
North America, Australia, Argentina, Brazil, Colombia, Latin America, Trinidad, Canpotex, India, and
Geographical Presence
Europe
Key Strategic Moves Acquisition

Nutrien operates its business through four reportable segments
TABLE 250. NUTRIEN: OPERATING SEGMENTS
Segment Description
Agrochemicals
Retail Comprises distribution of crop nutrients, crop protection products, seed and merchandise
Market
Nitrogen Comprises ammonia, urea, urea ammonium nitrate, and industrial grade ammonium nitrate
Global Opportunity
Potash Comprises potash products such as fertilizers of potash and others
Forecast, 2019-2026 Phosphate & Sulphate Comprises solid fertilizer, liquid fertilizer, industrial products and feed products
327
Nutrien offers the following products through the following product category
TABLE 251. NUTRIEN: PRODUCT PORTFOLIO
• Nitrogenous Fertilizer
• Ammonia Fertilizer
• Natural Organic Fertilizer
Agrochemicals
• Ammonium Sulphate
• Nitrogen Solutions
• Ammonium Nitrate
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
328
Nutrien registered an increase rate of 8.1% from 2017 to 2018 due to rise in revenue obtained from the each
segment in 2018.
FIGURE 31. NUTRIEN: REVENUE, 2016–2018 ($MILLION)
19,636.0
18,169.0
13,457.0
2016 2017 2018

Net Sales 13,457.0 18,169.0 19,636.0
Forecast, 2019-2026
329
FIGURE 32. NUTRIEN: REVENUE SHARE BY SEGMENT, 2018 (%)
9.1% Retail
15.5%
Potash
60.9% Nitrogen
14.5%
Phophate & Sulphate
FIGURE 33. NUTRIEN: REVENUE SHARE BY REGION, 2018 (%)
0.3% 3.0%
0.6% North America
0.9% 8.5% Australia
1.6% India
0.8%
8.6% Europe
Other Latin America
Agrochemicals Brazil
Market 75.8%
Colombia
Canpotex
Global Opportunity Argentina, Trinidad
330
Nutrien adopted acquisition as its key developmental strategy to sustain the intense competition and improve
its product portfolio.
TABLE 253. NUTRIEN: KEY STRATEGIC MOVES AND DEVELOPMENTS
Nutrien acquired Agrichem, a specialty plant nutrition & plant health product company in Brazil.
This acquisition aimed at providing potential for enhancing the digital agriculture technologies.
January 2018 Acuisition
This will also enhance the product portfolio and strengthen the geographical position of the
company
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
331
7.7. SUMITOMO CHEMICAL COMPANY
Tokyo Sumitomo Twin Building (East),
27-1, Shinkawa 2-chome, Chuo-ku, Tokyo 104-8260, Japan
Tel.: + 81-355-435-500
Website: www.sumitomo-chem.co.jp

Sumitomo Chemical Company (Sumitomo Chemical) is primarily engaged in the production of synthetic
chemicals. It operates its business through five reportable business segments—petrochemicals & plastics, IT-
related chemicals, energy & functional materials, health & crop sciences, and pharmaceuticals. It offers
agrochemical products through health & crop sciences segment. Sumitomo chemical has developed a number
of plant protection chemicals, ranging from conventional insecticides, fungicides, and herbicides to new types
of products, including plant growth regulators.

TABLE 254. SUMITOMO CHEMICAL: COMPANY SNAPSHOT
Agrochemicals Information Description
Market Year of Foundation 1913
Key Executive(s) Keiichi Iwata (Representative Director & President)

Global Opportunity
Analysis and Industry Primary Business Synthetic Chemical Manufacturing
Forecast, 2019-2026
Geographical Presence North America, Europe, Asia-Pacific and LAMEA
332
Key Strategic Move Product Launch
Workforce 32,542 (as of March 31, 2019)

Sumitomo Chemical operates its business through five reportable segments:
TABLE 255. SUMITOMO CHEMICAL: OPERATING SEGMENTS
Segment Description
Petrochemicals & Plastics Comprises propylene oxide, caprolactum, polypropylene, polyethylene and others
Comprises functional chemical products which includes alumina and aluminum used for energy-
Energy & Functional Materials
efficient products, high-performance polymer additives and rubber chemicals and others
IT-related Chemicals Comprises polarizing films, touch screen sensor panels, color resists, photoresists and others
Comprises manufacturing and selling of crop protection chemicals, fertilizers, feed additives, household
Health & Crop Sciences
insecticides, products for control of infectious diseases and others
Agrochemicals Pharmaceuticals
Comprises Sumitomo Dainippon Pharma Co., Ltd. and Nihon Medi-Physics Co., Ltd. in pharmaceuticals
products
Market Source: Corporate Publications and AMR Analysis
Global Opportunity
Forecast, 2019-2026
333
Sumitomo Chemical offers products through the following product category:
TABLE 256. SUMITOMO CHEMICAL: PRODUCT PORTFOLIO
• Crop protection chemicals

• Fertilizers
Agrochemicals • Feed additives
• Household insecticides
• Active Pharmaceuticals Ingredients and Intermediates
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
334
Sumitomo Chemical registered growth rate of 1.7% from 2017 to 2018, owing to increase in revenue of
pharmaceuticals & plastics, energy & functional materials, and IT-related chemicals segments in 2018.
FIGURE 34. SUMITOMO CHEMICAL: REVENUE, 2016–2018 ($MILLION)
20,578.9 20,931.4
17,340.5
2016 2017 2018

Net Sales 17,340.5 20,578.9 20,931.4
Forecast, 2019-2026
335
FIGURE 35. SUMITOMO CHEMICAL: REVENUE SHARE BY SEGMENT, 2018 (%)
Petrochemicals & Plastics

21.7%
33.4% Energy & Functional Materials
IT-related Chemicals
14.9%
Health & Crop Sciences
12.5%
17.5% Pharmaceuticals

Sumitomo Chemical adopted product launch as its key developmental strategy to sustain the intense
competition and improve its product portfolio.
TABLE 258. SUMITOMO CHEMICAL: KEY STRATEGIC MOVES AND DEVELOPMENTS

Agrochemicals Sumitomo Chemical launched new rice herbicide Maslao in Japan. This new product can be
Market April 2019 Product launch used for transplanted rice, direct seeded rice and it supports various spraying methods, This will
strengthen the product portfolio of the company
Global Opportunity Source: Corporate Publications and AMR Analysis

Forecast, 2019-2026
336
7.8. SYNGENTA AG
P.O. Box
CH-4002 Basel
Switzerland
Tel.: +41-61-323-1111
Website: www.syngenta.com

Syngenta AG (Syngenta) is involved in the production of agrochemicals. Its reportable segments include crop
protection, seeds, and controls & flowers. Crop protection chemicals comprise herbicides, insecticides,
fungicides, and seed treatments to control weeds, insects, and diseases in crops. Herbicides of Syngenta prevent
or eliminate weeds and thus, replace or reduce manual and mechanical weeding. It operates as a subsidiary of
ChemChina.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
337
TABLE 259. SYNGENTA: COMPANY SNAPSHOT
Key Executive(s) J. Erik Fyrwald (CEO)
Primary Business Agrochemical
Geographical Presence North America, Asia-Pacific, Europe, and the Middle East

Syngenta operates its business through three reportable segments:
TABLE 260. SYNGENTA: OPERATING SEGMENTS
Segment Description
Crop Protection Comprises herbicides, insecticides, fungicides, and seed treatments
Agrochemicals Seeds Comprises field crops (including corn, oilseeds, and cereals) and vegetables
Market Comprises turf and landscape and professional pest management products, and the flowers segment
Controls and Flowers
includes flower seeds, cuttings and young plants to professional growers and consumers
Global Opportunity
Forecast, 2019-2026
338
Syngenta offers products through the following product category:
TABLE 261. SYNGENTA
• Herbicides
• Fungicides
Agrochemicals • Insecticides
• Seed Treatment Fungicides
• Crop Enhancement Products
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
339
Syngenta registered a growth rate of 6.9% from 2017 to 2018. This was attributed to the increase in revenue of
the crop protection segment in 2018.
FIGURE 36. SYNGENTA: REVENUE, 2016–2018 ($MILLION)
13,523.0
12,790.0
12,649.0
2016 2017 2018

Net Sales 12,790.0 12,649.0 13,523.3
Forecast, 2019-2026
340
FIGURE 37. SYNGENTA: REVENUE SHARE BY SEGMENT, 2018 (%)
1.5%
Crop Protection
21.3%
Seeds
77.2% Controls & Flowers
FIGURE 38. SYNGENTA: REVENUE SHARE BY REGION, 2018 (%)
2.4% 2.3%
Europe, Africa, Middle East
12.5%
29.1% North America
Latin America
Agrochemicals 27.4%
Asia-Pacific
Market China
26.4%
Global Opportunity Other
341
7.9. THE MOSAIC COMPANY
101 East Kennedy Blvd.
Suite 2500
Tampa, FL 33602
U.S.
Tel.: +1-813-775-4200
Website: www.mosaicco.com

The Mosaic Company (Mosaic) is primarily engaged in the production of concentrated phosphate and potash.
It is one of the global leader in the production of crop nutrient industry. It operates its business through three
reportable business segments such as phosphates, potash, and mosaic fertilizantes. It offers agricultural
products, crop nutrition, fertilizers, mining, phosphate and potash. The raw materials of its products are mined
from locations in Canada and the U.S. About 70% of Mosaic's sales are from international customers. Mosaic
has five chemical and fertilizer facilities in Brazil.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
342
TABLE 263. MOSAIC: COMPANY SNAPSHOT
Key Executive(s) Joc O’Rourke (President & CEO)
Primary Business Agricultural Chemical Manufacturing
Geographical Presence North America, South America and Asia-Pacific

Mosaic operates its business through three reportable segments:
TABLE 264. MOSAIC: OPERATING SEGMENTS
Segment Description
Phosphates Comprises concentrated phosphate crop nutrients and phosphate-based animal feed ingredients
Agrochemicals Potash Comprises production of potash-based crop nutrients, animal feed ingredients and industrial products
Market Mosaic Fertilizantes

Includes the assets in Brazil that we acquired in the Acquisition, which include five Brazilian phosphate
rock mines, four phosphate chemical plants and a potash mine in Brazil
Global Opportunity Source: Corporate Publications and AMR Analysis
Forecast, 2019-2026
343
Mosaic offers products through the following product category
TABLE 265. MOSAIC: PRODUCT PORTFOLIO
• Performance Fertilizers
• Aspire with Boron
• Microessentials
Agrochemicals • K-Mag Granular
• Pegasus
• Potash
• Ammonium Phosphate
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
344
Mosaic registered growth rate of 29.4% from 2017 to 2018, due to increase in revenue of each segment in 2018.
FIGURE 39. MOSAIC: REVENUE, 2016–2018 ($MILLION)
9,587.3
7,162.8 7,409.4
2016 2017 2018
Agrochemicals TABLE 266. OVERALL FINANCIAL STATUS ($MILLION)

Market Year 2016 2017 2018
Global Opportunity Net Sales 7,162.8 7,409.4 9,587.3

Forecast, 2019-2026
345
FIGURE 40. MOSAIC: REVENUE SHARE BY SEGMENT, 2018 (%)
Phosphates
38.2% 39.6%
Potash
Mosaic Fertilizantes
22.2%
FIGURE 41. MOSAIC: REVENUE SHARE BY REGION, 2018 (%)
U.S.
31.0%
Agrochemicals
Market 69.0% Other International
Global Opportunity
346
7.10. YARA INTERNATIONAL
P.O. Box 343, Skoyen
N-0213 Oslo
Norway
Tel.: + 47-2415-7000
Website: www.yara.com

Yara International (Yara) is primarily engaged in the production of agricultural chemicals. Yara operates its
business through three business segments such as crop nutrition, industrial, and production. The crop nutrition
segment offers nitrogen based fertilizers including urea, urea ammonium nitrate (UAN), calcium ammonium
nitrate (CAN), ammonium nitrates (AN), calcium nitrates (CN), and compound fertilizer (NPK). Yara's main
activities are large-scale ammonia and fertilizer production in Europe. Yara has production facilities on six
continents, operations in more than 50 countries, and it sells its products in some 150 countries.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
347
TABLE 267. YARA: COMPANY SNAPSHOT
Key Executive(s) Svein Tore Holsether (President & CEO)
Primary Business Agricultural Chemical Manufacturing
Geographical Presence Europe, Asia & Oceania, North America, Africa, Brazil and Latin America
Key Strategic Move Agreement
• 2017: 45
R & D Expenditure (US$ Million)
• 2018: 43
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
348
Yara operates its business through three reportable segments:
TABLE 268. YARA: OPERATING SEGMENTS
Segment Description
Comprises marketing organization and global distribution network for fertilizer products and agronomic
Crop Nutrition
solutions
Comprises selling urea, ammonia, phosphate, nitric acid, technical ammonium nitrate, calcium nitrate
Industrial
and other
Production Comprises the manufacturing plants producing ammonia, fertilizer and industrial products

Yara offers products through the following product category:
TABLE 269. YARA: PRODUCT PORTFOLIO
• Field Applied Nitrogen Fertilizer

Agrochemicals • YaraBela
Market Agrochemicals • YaraLiva

• YaraMila, YaraTera
Global Opportunity • YaraVera, YaraVita
Forecast, 2019-2026
349
Yara registered an increase rate of 14.5% from 2017 to 2018, owing to rise in revenue of each segment in 2018.
FIGURE 42. YARA: REVENUE, 2016–2018 ($MILLION)
13,054.0
11,597.0
11,400.0
2016 2017 2018
Agrochemicals TABLE 270. OVERALL FINANCIAL STATUS ($MILLION)

Market Year 2016 2017 2018
Global Opportunity Net Sales 11,597.0 11,400.0 13,054.0

Forecast, 2019-2026
350
FIGURE 43. YARA: REVENUE SHARE BY SEGMENT, 2018 (%)
10.4% Crop Nutrition
16.9%
Industrial
72.7%
Production
FIGURE 44. YARA: REVENUE SHARE BY REGION, 2018 (%)
Europe
5.0%
11.7% Brazil
32.4%
Latin America
15.1%
Agrochemicals Asia & Oceania
Market 8.5% North America
27.4% Africa
Global Opportunity
351
Yara adopted agreement as its key developmental strategy to sustain the intense competition and improve its
product portfolio.
TABLE 271. YARA: KEY STRATEGIC MOVES AND DEVELOPMENTS
Yara signed collaboration agreement with Nel ASA related to green fertilizer project. This project
August 2019 Agreement is aimed to realize zero emission fertilizer production usinginnovative solutions and cost-
efficient hydrogen production from electrolysis based on renewable energy
Yara opened its first fertilizer plant in Brazil. This business expansion will strengthen the
March 2018 Business Expansion
presence of company in fastest growing agricultural markets
Yara acquired Brazilian fertilizer complex from Vale Cubatao Fertilizantes. With this acquisition,
November 2017 Acquisition the company is aimed at establishing itself as a nitrogen producer in Brazil. This will strengthen
the position of Yara in Brazilian agricultural market.
Agrochemicals
Market
Global Opportunity
Forecast, 2019-2026
352
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placing the order that no part of this strategic business/market analysis service is for general publication or
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Agrochemicals FOR INFORMATION REGARDING PERMISSIONS,

Market CONTACT:
Global Opportunity Tel: U.S.:+1 (503 894-6022)
Forecast, 2019-2026 UK: +44-845-528-1300
Email: sales@alliedmarketresearch.com
353

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Global Construction Chemicals Market - Forecast, 2019-2026

Global Herbicide Market - Forecast, 2018-2025

1.4.2. Secondary research................................................................................................................ 53

1.4.3. Analyst tools and models .................................................................................................... 53

CHAPTER 2: EXECUTIVE SUMMARY ............................................................................ 54

Agrochemicals 2.2. CXO perspective ........................................................................................................ 59

Market CHAPTER 3: MARKET OVERVIEW ................................................................................ 60

3.5. Impact of government regulations on global agrochemicals market ................. 69

3.5.1.1. North America......................................................................................................................69

3.5.1.1.2. AAPFCO (Associations of American Plant Food Control

3.5.1.1.3. State Regulations for fertilizers:.............................................................71

3.5.1.2. Europe .....................................................................................................................................72

3.5.1.3.2. Fertilizer Control Order (FCO) ................................................................73

3.5.1.3.3. Food and Fertilizer Technology Center (FFTC)

3.5.2.1.2. Federal Insecticide, Fungicide, and Rodenticide Act ....................75

3.6. Market dynamics ...................................................................................................... 77

3.6.2. Restraints ................................................................................................................................... 82

3.6.3. Opportunities ........................................................................................................................... 85

CHAPTER 4: AGROCHEMICALS MARKET, BY TYPE ................................................... 86

4.2.2. Market size and forecast, by region ............................................................................... 90

4.2.3. Synthetic Fertilizers ................................................................................................................ 92

4.2.3.1. Market size and forecast, by synthetic fertilizers type ........................................92

4.2.4. Nitrogenous .............................................................................................................................. 96

4.2.4.1. Market size and forecast, by nitrogenous fertilizers type .................................97

4.2.6. Potassic ..................................................................................................................................... 108

4.2.7. Biofertilizers ............................................................................................................................ 114

Agrochemicals 4.3. Pesticides ................................................................................................................. 115

4.3.4. Biopesticides........................................................................................................................... 122

4.3.4.1. Market size and forecast, by Biopesticides type ................................................ 122

4.3.5. Herbicides ................................................................................................................................ 125

4.3.5.1. Market size and forecast, by herbicides type ...................................................... 126

4.3.5.3.2. Market size and forecast, by region ................................................. 131

4.3.5.3.3. Glyphosate ................................................................................................... 132

4.3.5.3.4. Market size and forecast, by region ................................................. 132

4.3.5.3.5. Atrazine ......................................................................................................... 134

4.3.5.3.6. Market size and forecast, by region ................................................. 134

4.3.5.3.12. Market size and forecast, by region ................................................. 140

4.3.5.3.13. Others ............................................................................................................ 141

4.3.5.3.14. Market size and forecast, by region ................................................. 142

4.3.6. Bioherbicides .......................................................................................................................... 144

4.3.6.1. Market size and forecast, by region ........................................................................ 144

4.3.7. Insecticides .............................................................................................................................. 145

4.3.7.1. Market size and forecast, by insecticides type.................................................... 146

4.3.8. Synthetic Insecticides .......................................................................................................... 148

4.3.8.2.2. Market size and forecast, by region ................................................. 153

4.3.8.2.8. Market size and forecast, by region ................................................. 159

4.3.8.2.9. Others ............................................................................................................ 160

4.3.8.2.10. Market size and forecast, by region ................................................. 161

4.3.9. Bioinsecticides ....................................................................................................................... 163

4.3.9.1. Market size and forecast, by region ........................................................................ 163

4.3.10. Fungicides................................................................................................................................ 165

4.3.10.1. Market size and forecast, by fertilizers type ........................................................ 165

4.3.11. Synthetic fungicides ............................................................................................................ 169

4.3.11.2.2. Market size and forecast, by region ................................................. 173

4.3.11.2.8. Market size and forecast, by region ................................................. 179

4.3.11.2.9. Phenylamides ............................................................................................. 180

4.3.11.2.10. Market size and forecast, by region ....................... 181

4.3.11.2.11. Strobilurins ........................................................................ 182

4.3.11.2.12. Market size and forecast, by region ....................... 183

4.3.11.2.13. Others .................................................................................. 184

4.3.12. Biofungicides .......................................................................................................................... 185

4.3.12.1. Market size and forecast, by region ........................................................................ 185