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Europe Agrochemicals Market Research Report – Segmented By Type, Application Type And Country (United Kingdom, France, Spain Germany And Italy, Russia, Sweden, Denmark, Switzerland, Netherlands And Rest of Europe) – Industry Analysis on Size, Share, Trends, COVID-19 Impact And Growth Forecast From 2023 to 2028

Published: March, 2023
ID: 913
Pages: 145
Formats: report pdf report excel report power bi report ppt

Europe Agrochemicals Market (2023 to 2028)

The size of the agrochemicals market in Europe is anticipated to be worth USD 42.62 billion in 2023 and will reach a valuation of USD 49.99 billion by 2028, growing at a CAGR of 3.24% from 2023 to 2028.

The agrochemicals market is estimated to be one of the most crucial segments of agro-inputs, owing to the intensifying commercial farming of high-value crops to meet the growing diversified food demand. As such, agrochemicals are witnessing a significant demand since farmers are resolute in attaining nutritious and high-quality crop production.

The growth of the European agrochemicals market is majorly driven by factors such as a wide range of pest control applications of agrochemicals and decreasing arable land. This market is also propelled by factors such as meticulous research & partaking of intellectual property rights and increasing R&D investments.

However, issues such as strict regulatory structures in the EU and the toxicity of these substances towards the environment are the major restraints for the market growth in this region.

This market research report on the European agrochemical market has been segmented and sub-segmented into the following categories.

Europe Agrochemicals Market – By Type:

  • Fertilizers
    • Nitrogenous
    • Phosphate
    • and Potassic
  • Pesticides
    • organophosphates
    • pyrethroids
    • biopesticides
  • Plant Growth Regulators
    • Auxins
    • Cytokinins
  • Adjuvants
    • Activator Adjuvants
    • Utility Adjuvants

Nitrogenous fertilizers lead the agrochemicals market on the basis of type. However, the demand for pesticides is increasing at a high rate, given the growing frequency of numerous pests and diseases. Currently, the pesticide market is being spearheaded by herbicide products, trailed by fungicides and insecticides.

Europe Agrochemicals Market – By Application:

  • Crop Based
    • Oil seeds
    • Fruits & Vegetables
    • Grains & Cereals
  • Non-Crop Based
    • Turf & Ornamental Grass
    • others

By application, grains & cereals lead the market for Agrochemicals and this trend is anticipated to remain during the forecast period.

Europe Agrochemicals Market – By Country:

  • United Kingdom
  • France
  • Spain
  • Germany
  • Italy
  • Russia
  • Sweden
  • Denmark
  • Switzerland
  • Netherlands
  • Rest of Europe

Demand for agrochemicals in Europe is estimated to grow at a sluggish rate, mainly due to market maturity and regulatory restrictions. However, the development of crops such as oilseeds and sugarcane is mainly anticipated due to the broadening applications such as feed, fuel, and other industrial applications, which in turn drives the market in this region.

KEY MARKET PLAYERS:

The market for agrochemicals is extremely consolidated and streamlined owing to the domination of the market by a handful of companies. Some of the major companies dominating this market are Bayer Crop Science., Dow-DuPont, Syngenta AG, BASF SE, Agrium Inc., Monsanto Company, Israel Chemicals Ltd., Yara International ASA, Mosaic Company and Sociedad Química Y Minera S.A.

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FAQ's

what is the current size of the Europe agrochemical market?

Europe agrochemicals market is worth USD 42.62 billion in 2023

How is Germany addressing concerns related to pesticide use in the agrochemicals sector?

Germany is implementing stringent regulations and promoting integrated pest management to address concerns about pesticide use in the agrochemicals sector.

In application method which segment is holding the market share in Europe agrochemical market?

By application, grains & cereals lead the market for Agrochemicals and this trend is anticipated to remain during the forecast period.

what is the expected growth value and CAGR of Europe agrochemical market?

Europe agrochemicals market is to reach the valuation of USD 49.99 billion by 2028 growing at a CAGR of 3.24%, during the forecast period from 2023 to 2028.

who are the key market players involved in the Europe agrochemical market?

Bayer Crop Science., Dow-DuPont, Syngenta AG, BASF SE, Agrium Inc., Monsanto Company, Israel Chemicals Ltd., Yara International ASA, Mosaic Company and Sociedad Química Y Minera S.A.

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