United States Agrochemicals Market
United States Agrochemicals Market, By Type (Fertilizers, Nitrogenous Fertilizers (Urea, Ammonium Nitrate, Ammonium Sulfate, Ammonia, Calcium Ammonium Nitrate, Other Nitrogenous Fertilizers), Phosphatic Fertilizers (Diammonium Phosphate, Monoammonium Phosphate, Triple Superphosphate, Other Phosphatic Fertilizers), Potassic Fertilizers (Potassium Chloride, Potassium Sulfate, Other Potassic Fertilizers); Pesticides (Insecticides, Herbicides, Fungicides, Nematicides, Other Pesticide Types), Adjuvants, Plant Growth Regulators); By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
- Published Date: September 2024
- Report ID: BWC24710
- Available Format: PDF
- Page: 135
Report Overview
An increasingly high demand for food driven by population growth, advancements in agrochemical technology, favorable government policies, and growing awareness about sustainable farming practices are expected to drive United States Agrochemicals Market during the forecast period between 2024 and 2030.
United States Agrochemicals Market – Industry Trends & Forecast Report, 2030
United States Agrochemicals Market size by value was estimated at USD 34.52 billion in 2023. During the forecast period between 2024 and 2030, United States Agrochemicals Market size is expected to expand at a CAGR of 3.13% reaching a value of USD 42.84 billion by 2030. United States Agrochemicals Market is driven by several key factors, includomg the rising demand for food due to population growth, advancements in agrochemical technology, and favorable government policies supporting agricultural productivity. Additionally, increasing awareness of sustainable farming practices and the need to enhance crop yields to meet nutritional requirements are significant contributors. Climate variability and the necessity to protect crops from pests and diseases also play crucial roles in driving the demand for agrochemicals.
Agrochemicals – Overvew
Agrochemicals, also known as agrichemicals, are chemical products used in agriculture to enhance crop productivity and protect plants from pests and diseases. They include pesticides (insecticides, herbicides, fungicides), synthetic fertilizers, and plant growth regulators. These chemicals play a crucial role in modern farming by improving crop yields and ensuring food security. However, their excessive use can lead to environmental contamination and health risks, necessitating careful management and regulation.
United States Agrochemicals Market
Growth Drivers
High Demand for Food Driven by Population Growth
United States Agrochemicals Market is significantly driven by the growing population and the corresponding increase in food demand. As the population rises, there is a heightened need to enhance agricultural productivity to ensure food security. This drives the demand for agrochemicals, including fertilizers and pesticides, which help improve crop yields and protect against pests and diseases. Additionally, advancements in agrochemical technology and favorable government policies further support this growth.
Challenges
Rising Input Costs
A significant restraint for the growth of United States Agrochemicals Market is the rising input costs. The increasing prices of raw materials, such as fertilizers and pesticides, directly impact production costs. Additionally, higher energy prices and transportation costs further exacerbate the situation, making agrochemicals more expensive for farmers. This can lead to reduced usage and lower agricultural productivity, posing a challenge for the market growth.
Impact of Escalating Geopolitical Tensions on United States Agrochemicals Market
Intensifying and further spreading of geopolitical tensions could adversely affect United States Agrochemicals Market. Trade restrictions and sanctions disrupt supply chains, leading to shortages of critical raw materials and increased production costs. These tensions also create market volatility, affecting investment and innovation in the sector. Additionally, geopolitical conflicts can shift focus towards energy security and self-sufficiency, driving demand for agrochemicals to enhance domestic agricultural productivity. However, the uncertainty and instability caused by geopolitical tensions can hinder long-term planning and growth, as companies may be reluctant to invest in new technologies and infrastructure under such conditions. Overall, geopolitical tensions pose both challenges and opportunities for the market.
United States Agrochemicals Market
Segmental Information
United States Agrochemicals Market – By Type
By type, United States Agrochemicals Market is divided into Fertilizers (Nitrogenous Fertilizers (Urea, Ammonium Nitrate, Ammonium Sulfate, Ammonia, Calcium Ammonium Nitrate, and Other Nitrogenous Fertilizers); Phosphatic Fertilizers (Diammonium Phosphate, Monoammonium Phosphate, Triple Superphosphate, and Other Phosphatic Fertilizers); Potassic Fertilizers (Potassium Chloride, Potassium Sulfate, and Other Potassic Fertilizers); Pesticides (Insecticides, Herbicides, Fungicides, Nematicides, Other Pesticide Types), Adjuvants, and Plant Growth Regulators segments.
Fertilizers, specifically the Nitrogenous Fertilizers segment, is the largest type in United States Agrochemicals Market. Nitrogenous fertilizers dominate the market due to the widespread use of nitrogen compounds, including Urea and Ammonium Nitrate, which are crucial for enhancing crop yields and soil fertility. The extensive application of these fertilizers in various agricultural practices, combined with their cost-effectiveness and efficiency, drives their prominent position in the market.
Competitive Landscape
Key players in the highly competitive United States Agrochemicals Market include ADAMA Ltd, Sumitomo Chemical, BASF SE, Marubeni Corporation, Clariant AG, Croda International Plc, Evonik Industries AG, Helena Agri-Enterprises, LLC, Solvay, Syngenta, Corteva Agriscience, FMC Corporation, DOW Chemical, and DuPont. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2023 |
Base Year – 2023 |
|
Estimated Year – 2024 |
|
Forecast Period – 2024–2030 |
|
Facts Covered |
Revenue in USD Billion |
Market Coverage |
United States |
Product/Service Segmentation |
Type, Crop Type |
Key Players |
ADAMA Ltd, Sumitomo Chemical, BASF SE, Marubeni Corporation, Clariant AG, Croda International Plc, Evonik Industries AG, Helena Agri-Enterprises, LLC, Solvay, Syngenta, Corteva Agriscience, FMC Corporation, DOW Chemical, DuPont |
By Type
- Fertilizers
1. Nitrogenous Fertilizers
- Urea
- Ammonium Nitrate
- Ammonium Sulfate
- Ammonia
- Calcium Ammonium Nitrate
- Other Nitrogenous Fertilizers
2. Phosphatic Fertilizers
- Diammonium Phosphate
- Monoammonium Phosphate
- Triple Superphosphate
- Other Phosphatic Fertilizers
- Potassic Fertilizers
- Potassium Chloride
- Potassium Sulfate
- Other Potassic Fertilizers
- Pesticides
- Insecticides
- Herbicides
- Fungicides
- Nematicides
- Other Pesticide Types
- Adjuvants
- Plant Growth Regulators
By Crop Type
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- United States Agrochemicals Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Intensive Agricultural Practices
- Growing Population and Food Demand
- Favorable Government Policies
- Restraints
- Environmental Concerns
- Rising Input Costs
- Resistance to Agrochemicals
- Opportunities
- Adoption of Bio-based Agrochemicals
- Precision Agriculture
- Product Diversification
- Challenges
- Various Regulatory Hurdles
- High Competition
- Supply Chain Disruptions
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- United States Agrochemicals Market: Marketing Strategies
- United States Agrochemicals Market Overview
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- Market Share & Forecast
- By Type
- Fertilizers
- Nitrogenous Fertilizers
- Urea
- Ammonium Nitrate
- Ammonium Sulfate
- Ammonia
- Calcium Ammonium Nitrate
- Other Nitrogenous Fertilizers
- Phosphatic Fertilizers
- Diammonium Phosphate
- Monoammonium Phosphate
- Triple Superphosphate
- Other Phosphatic Fertilizers
- Potassic Fertilizers
- Potassium Chloride
- Potassium Sulfate
- Other Potassic Fertilizers
- Nitrogenous Fertilizers
- Pesticides
- Insecticides
- Herbicides
- Fungicides
- Nematicides
- Other Pesticide Types
- Adjuvants
- Plant Growth Regulators
- Fertilizers
- By Crop Type
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
- By Type
- Market Size & Forecast, 2019–2030
- Competitive Landscape
- List of Key Players and Their Offerings
- United States Agrochemicals Company Market Share Analysis, 2023
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Escalating Geopolitical Tensions on United States Agrochemicals Market
- Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- ADAMA Ltd
- Sumitomo Chemical
- BASF SE
- Marubeni Corporation
- Clariant AG
- Croda International Plc
- Evonik Industries AG
- Helena Agri-Enterprises, LLC
- Solvay
- Syngenta
- Corteva Agriscience
- FMC Corporation
- DOW Chemical
- DuPont
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumptions & Limitations
- Qualitative Research
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 United States Agrochemicals Segmentation
Figure 2 United States Agrochemicals Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 United States Agrochemicals Market Share, By Type, By Value (USD Million), 2019–2030
Figure 5 United States Agrochemicals Market Share, By Crop Type, By Value, 2019–2030
List of Tables
Table 1 United States Agrochemicals Market Share, By Type, By Value (USD Million), 2019–2030
Table 2 United States Agrochemicals Market Share, By Crop Type, By Value, 2019–2030
Table 3 ADAMA Ltd Company Overview
Table 4 ADAMA Ltd Financial Overview
Table 5 Sumitomo Chemical Company Overview
Table 6 Sumitomo Chemical Financial Overview
Table 7 BASF SE Company Overview
Table 8 BASF SE Financial Overview
Table 9 Marubeni Corporation Company Overview
Table 10 Marubeni Corporation Financial Overview
Table 11 Clariant AG Company Overview
Table 12 Clariant AG Financial Overview
Table 13 Croda International Plc Company Overview
Table 14 Croda International Plc Financial Overview
Table 15 Evonik Industries AG Company Overview
Table 16 Evonik Industries AG Financial Overview
Table 17 Helena Agri-Enterprises, LLC Company Overview
Table 18 Helena Agri-Enterprises, LLC Financial Overview
Table 19 Solvay Company Overview
Table 20 Solvay Financial Overview
Table 21 Syngenta Company Overview
Table 22 Syngenta Financial Overview
Table 23 Corteva Agriscience Company Overview
Table 24 Corteva Agriscience Financial Overview
Table 25 FMC Corporation Company Overview
Table 26 FMC Corporation Financial Overview
Table 27 DOW Chemical Company Overview
Table 28 DOW Chemical Financial Overview
Table 29 DuPont Company Overview
Table 30 DuPont Financial Overview
Market Segmentation
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