[Online Quarterly Update] Agrochemical Intermediates demand stood at 3.27 million tonnes in 2020 and are forecasted to reach 5.091 million tonnes by 2030, growing at a healthy CAGR of 4.55% until 2030.
Agrochemical intermediates are the chemicals that are used to manufacture crop agrochemicals such as crop protection chemicals. They are also used to increase crop yield and protecting crops from various diseases. Agrochemical intermediates are of several types including alkyl amines, amines, aldehydes, and acids. They are insecticides, herbicides, fungicides, nematicides, and others. Due to their crop protection properties, agrochemical intermediates find application in various kinds of crops including grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and others. The rising population coupled with the advancement in farming techniques such as precision farming, smart plantation, etc., and increasing demand for biobased agrochemical intermediates is projected to drive the demand for agrochemical intermediates for the forecast period. The need to ensure food security globally is another factor propelling the demand for agrochemical intermediates. Furthermore, declining arable land and the need for augmented agricultural productivity worldwide are other factors responsible for demand growth.
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on various industries and supply chains. There was a major disruption in the supply chains of food crops and related industries during the first half of 2020. Although this did not hamper the production of agrochemical intermediates, the supply became limited during the pandemic thereby raising the prices for agrochemical intermediates.
Region-wise, the Asia-Pacific region holds the major share of global demand for agrochemical intermediates due to increasing population and food security requirements. The demand is also propelled by increasing modern agriculture in countries like China and India.
Major players for agrochemical Intermediates globally include Bayer CropScience AG, Nippon Soda, ChemiChina Corporation, Marrone Bio Innovations Inc., BASF SE, Ishihara Sangyo Kaisha Ltd, Corteva Agriscience, Bioworks Inc., UPL Limited, ISAGRO Spa, FMC Corporation, American Vanguard Corporation.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
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Objective of the Study:
• To assess the demand-supply scenario of agrochemical Intermediates which covers production, demand and supply of agrochemical Intermediates market globally.
• To analyse and forecast the market size of agrochemical Intermediates.
• To classify and forecast global agrochemical Intermediates market based on, type, application and regional distribution.
• To identify drivers and challenges for global agrochemical Intermediates market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global agrochemical Intermediates market.
• To identify and analyse the profile of leading players involved in the manufacturing of agrochemical Intermediates.
To extract data for global agrochemical Intermediates market, primary research surveys were conducted with agrochemical Intermediates manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global agrochemical Intermediates market over the coming years.
ChemAnalyst calculated agrochemical Intermediates demand globally by analyzing the historical data and demand forecast which was carried out considering imported agrochemical Intermediates, styrene prices, monomers used for production of agrochemical Intermediates. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Agrochemical Intermediates manufacturers and other stakeholders
• Organizations, forums and alliances related to agrochemical Intermediates distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as agrochemical Intermediates manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, global agrochemical Intermediates market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
By Application: (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, and Others)
By Type: (Insecticides, Herbicides, Fungicides, Nematicides, and Others)
By Sales Channel: (Direct/Institutional Sales, Indirect Sales)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
Bayer CropScience AG, Nippon Soda, ChemiChina Corporation, Marrone Bio Innovations Inc., BASF SE, Ishihara Sangyo Kaisha Ltd, Corteva Agriscience, Bioworks Inc., UPL Limited, ISAGRO Spa, FMC Corporation, American Vanguard Corporation.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Member - Board of Directors
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Which are the major drivers for growth in demand of agrochemical intermediates?
Ans:
Surging population coupled with the advancement in farming techniques such as precision farming, smart plantation etc. and increasing demand of biobased agrochemical intermediates are the major drivers for growth in demand of agrochemical intermediates.
Q2.
Which region holds the maximum demand share in the Global agrochemical intermediates market as of 2020?
Ans:
Asia Pacific holds the major demand share of agrochemical intermediates due increasing population and the need for augmentation in crop productivity.
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