Market Overview: Sustainable Agrochemicals Market
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Sustainable Agrochemicals Market Insights 2024-30
The Sustainable Agrochemicals Market is estimated to grow at a CAGR of around 9.02% during the forecast period 2024-30.
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Driving Innovation: Exploring the Sustainable Agrochemicals Market and its Key Drivers
Global Sustainable Agrochemicals Market Driver: Prohibition of Chemical Pesticides & Government Awareness Programs to Drive the Market
In recent times, there has been a significant global shift where many farmers are switching to eco-friendly biological agrochemicals as a consideration for environmental sustainability. This shift is part of a larger move toward sustainable and environmentally friendly farming practices. Two key factors, which include the ban on chemical pesticides as well as proactive awareness programs launched by governments worldwide, have resulted in this remarkable growth. Major regions such as North America, Europe, and Asia-Pacific are actively engaged in such activities to ensure sustainable farming practices in the region, thus supporting the growth of sustainable agrochemical products. For instance,
- In 2021, the Environmental Protection Agency (EPA) operative in the United Sates banned the usage of chlorpyrifos for all food uses, as stated by Earthjustice.
As a result of these combined efforts, the demand for bio-based agrochemicals has been on an upward trajectory. Farmers, driven by both regulatory pressures and consumer preferences, are increasingly turning to sustainable pest control and crop management solutions, thereby supporting the revenue growth of the market.
Top Players in the Sustainable Agrochemicals Market:
Bayer CropScience, Syngenta, BASF SE, Marrone Bio Innovations, Certis USA, Koppert Biological Systems, Novozymes, Valent BioSciences, AgBiome Innovations, NewLeaf Symbiotics, Verdesian Life Sciences, Holganix, Andermatt Group AG, Bioline AgroSciences Ltd., Vestaron Corporation, and others
Sustainable Agrochemicals Industry Recent Development:
- 2023: Syngenta and Biotalys have entered into a strategic partnership in the biological innovation segment to create advanced solutions for sustainable agriculture. The new solution will be based on Biotalys’ AGROBODY technology and will provide broad access to novel technologies to farmers.
- 2022: Bayer has launched a new SeedGrowth product to treat rice blast (leaf blast) in early-season rice seeds by the name of Routine Start 300FS, in Vietnam. The launch confirms the company’s commitment to promote the sustainable development of Vietnam’s agriculture through breakthrough innovations.
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Segmentation Analysis of Sustainable Agrochemicals Market
Sustainable Agrochemicals Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
By Crop Type
-Cereals & Grains
–Corn
–Wheat
–Barley
–Rice
–Others (Oats, Rye, Millet, etc.)
-Oilseeds & Pulses
–Soybean
–Rapeseed
–Cottonseed
–Sunflower
–Others (Lentils, Chickpeas, Peanuts, etc.)
-Fruits & Vegetables
–Root & Tuber Vegetables
–Leafy Vegetables
–Pome Fruits
–Berries
–Citrus Fruits
–Other Crop Type (Nuts, Cash Crops, etc..)
By Formulation
-Liquid
-Powder
- Liquid-based sustainable agrochemicals are expected to capture the major market share during the forecast period.
By Source
-Microbial
-Biochemical
-Beneficial Insects
-Plants
By Product Type
-Biopesticide
–Bioinsecticides
–Biofungicides
–Bionematicides
–Bioherbicides
–Others (Plant Extracts, Essential oils, etc.)
-Organic fertilizers
–Compost
–Manure
–Cover crops
-Biofertilizers
-Biostimulants
By Application
-Seed Treatment
-Soil Treatment
-Foliar Treatment
By Distribution Channel
-Dealer/Distributor
-Retail
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A Comprehensive Geographical Analysis:
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
- The Asia-Pacific region is witnessing a remarkable shift toward sustainability and environmental consciousness, therefore this region is anticipated to hold a sizeable market share in the Global Sustainable Agrochemicals Market in the coming years.
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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
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