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United States Agrochemicals Market

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.

United States Agrochemicals Market

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.

United States Agrochemicals Market Size

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
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. United States Agrochemicals Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Intensive Agricultural Practices
        2. Growing Population and Food Demand
        3. Favorable Government Policies
      2. Restraints
        1. Environmental Concerns
        2. Rising Input Costs
        3. Resistance to Agrochemicals
      3. Opportunities
        1. Adoption of Bio-based Agrochemicals
        2. Precision Agriculture
        3. Product Diversification
      4. Challenges
        1. Various Regulatory Hurdles
        2. High Competition
        3. Supply Chain Disruptions
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. United States Agrochemicals Market: Marketing Strategies
  5. United States Agrochemicals Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
        1. Fertilizers
          1. Nitrogenous Fertilizers
            1. Urea
            2. Ammonium Nitrate
            3. Ammonium Sulfate
            4. Ammonia
            5. Calcium Ammonium Nitrate
            6. Other Nitrogenous Fertilizers
          2. Phosphatic Fertilizers
            1. Diammonium Phosphate
            2. Monoammonium Phosphate
            3. Triple Superphosphate
            4. Other Phosphatic Fertilizers
          3. Potassic Fertilizers
            1. Potassium Chloride
            2. Potassium Sulfate
            3. Other Potassic Fertilizers
        2. Pesticides
          1. Insecticides
          2. Herbicides
          3. Fungicides
          4. Nematicides
          5. Other Pesticide Types
        3. Adjuvants
        4. Plant Growth Regulators
      2. By Crop Type
        1. Cereals & Grains
        2. Oilseeds & Pulses
        3. Fruits & Vegetables
        4. Others
  6.  Competitive Landscape
    1. List of Key Players and Their Offerings
    2. United States Agrochemicals Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  7. Impact of Escalating Geopolitical Tensions on United States Agrochemicals Market
  8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. ADAMA Ltd
    2. Sumitomo Chemical
    3. BASF SE
    4. Marubeni Corporation
    5. Clariant AG
    6. Croda International Plc
    7. Evonik Industries AG
    8. Helena Agri-Enterprises, LLC
    9. Solvay
    10. Syngenta
    11. Corteva Agriscience
    12. FMC Corporation
    13. DOW Chemical
    14. DuPont
    15. Other Prominent Players
  9. Key Strategic Recommendations
  10. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

*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

No data available
No data available

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Frequently Asked Questions (FAQs):

Ans: United States Agrochemicals Market size by value was estimated at USD 34.52 billion in 2023.
Ans: United States Agrochemicals Market by value is expected to grow at a CAGR of 3.13% during the forecast period between 2024 and 2030.
Ans: United States Agrochemicals Market size is forecast to reach a value of USD 42.84 billion by 2030.
Ans: Growth of United States Agrochemicals Market is primarily driven by rising food demand, population growth, advancements in agrochemical technology, favorable government policies, and increasing awareness of sustainable farming practices.
Ans: Key players in 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.
Ans: The fertilizer segment is the leading segment in United States Agrochemicals Market by type.
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