Agrochemicals Market Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Report

Agrochemicals Market Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 - 2025

  • Published Date: ---
  • Base Year for Estimate: 2020
  • Report ID: GVR-P-UC-003
  • Format: Electronic (PDF)
  • Historical Data: 2018-2019
  • Number of Pages: 0

Procurement Outlook

Agrochemicals refer to the set of chemicals that are used in agriculture. These include pesticides, herbicides, or fertilizers used for the management of ecosystems in agricultural sectors. Agrochemicals are used for a variety of reasons ranging from protection against pests, improving nutrient quality, altering pH levels of the soil, and helping in the growth of the crop.

The prices of most agrochemicals are regulated in the market. However, there have been significant price fluctuations in the price of agrochemicals in the recent past. Herbicides, for example, have demonstrated uncertain price tendencies. While the prices of 2,4-D 98% Herbicide has shown a constant increase (from USD 2.6/kg in March 2017 to USD 3.79/kg in December 2020), similarly prices of Glufosinate 95% have been constantly declining (from USD 30.58/kg in March 2017 to USD 22.6/kg in December 2020).

Demand Outlook

The global agrochemicals market is valued at USD 208.6 billion as of 2020 and is expected to grow at a CAGR of 3.4% till 2025. The geographic demand will be driven by APAC with countries like China, India, and Vietnam being the major consumers in the APAC market. Fertilizers and pesticides are the two most commonly used types of agrochemicals in the market and occupy approximately 60% of the overall agrochemicals market.

Cost Drivers

The growing need for food due to the growth in population is the fundamental reason which drives the growth of agrochemicals. In addition to this, the requirement of healthy food with adequate nutrients and crops untarnished by pests are driving the requirement for fertilizers and pesticides. Over the last decade, the requirement for biofertilizers has been consistently increasing. Similarly, the overall requirement for bio-based products in agrochemicals as compared to synthetic agrochemicals has increased. One of the major downsides of synthetic agrochemicals is that it is not sustainable in nature. While the immediate effects of using synthetic agrochemicals are fulfilling, it leaves the soil barren over an extended period of time. Bio-based agrochemicals cost higher than their synthetic counterparts. Therefore, the growing demand for bio-based agrochemicals is helping drive the overall growth of the market from a value-based perspective.


The agrochemicals, especially the synthetic varieties, have raised environmental and health-related concerns. In the US, there are different government bodies that regulate pesticides and the yield that is produced using the pesticide. They are Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) and Federal Food, Drug and Cosmetic Act (FFDCA). Similarly, the Federal Food, Drug and Cosmetic Act (FFDCA) regulates the type of pesticides that can be manufactured or imported across the European Union. It also laws down strict regulation regarding pesticide residual, counterfeit pesticides, and water frameworks among others.

The market for agrochemicals is highly fragmented consisting both of large-scale multinational companies and small players. A huge chunk of the larger players is headquartered in Europe but have production capabilities across the globe. There are also instances of contact manufacturing that help the larger players cater their products globally. The high market fragmentation along with the presence of contact manufacturing often leads to the competitive pricing of the products which lowers the overall profitability of the market.

Supply Chain

The key manufacturers of agrochemicals are Syngenta, Bayer CropScience, BASF, Dow Agrosciences, DuPont, Sumimoto Chemicals Co, Monsanto Company, The Mosaic Co. The agrochemicals market features a highly fragmented competitive landscape and several small players are entering the market. Grand View Research will help our client identify the best-suited suppliers by mapping their core capabilities and operational efficiency.

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Add-on Services

Should Cost Analysis

Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process

Rate Benchmarking

Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier

Salary Benchmarking

Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.

Supplier Newsletter

A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.

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