The global agrochemical additives market is projected to reach US$2.7 billion by 2032, with revenue growth of 4.6 % CAGR over the assessment period. Demand for various agrochemicals, including fertilizers and pesticides, is increasing due to population growth, which is driving demand for crop and vegetable production.
While demand for food products is increasing worldwide, the region’s acreage is increasing as a result of urbanization, industrialization and
The market for agrochemical additives has been significantly influenced by certain socio-demographic factors, economic development, urbanization, and high demand for transgenic crops.
Additionally, the focus on seed treatment, rationalization of fees, post-harvest agrochemical- Regulations, agrotech innovation funds, and import substitutions are expected to boost the agrochemical additives market.
Agrochemical Additive Market Segmentation
By End Use:
- Plant Growth Regulators
- Soil Conditioners
- Liming and Acidifying agents
- Crop Protection
- Seed Treatment
- Soil Health
By Crop Type:
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Plantation Crops and Hydroponics
Major players operating in the global agrochemical additives market include Syngenta, Bayer, BASF, UPL, Compass Minerals, AdamaLtd., Sumitomo Chemicals., Nufarm Limited ., K+S Group ., and the United States’Israel Chemical Company (Israel).
What are the main opportunities for manufacturers of agrochemical additives?
Pesticides are compounds produced by chemical or biochemical processes that contain active ingredients in a certain concentration and are plants that protect against weeds, diseases, and insects and reduce crop losses. Chelating agents, building blocks, pH regulators, and salting agents are used as agrochemical additives.
To prevent pests, weeds, and diseases, agrochemicals are diluted to specified dosages and applied to seeds, soil, and irrigation. water and crops. In recent decades, high-purity compounds have been sold in large quantities to formulators who prepare formulations by adding inert carriers, solvents, surfactants, and deodorants.
Increasing demand for food production and population growth creates growth opportunities for manufacturers in the market.