The global agrochemical additives market size is anticipated to reach a valuation of USD 2.7 Billion by 2032, with sales growing at a 4.6% CAGR over the assessment period. The need for various agrochemicals including fertilizers and pesticides is rising owing to the increase in population, which triggers demand for crops and vegetable production. While the demand for food products is rising all across the globe, cultivation areas are decreasing as a result of urbanization, industrialization, and development in the infrastructure. The market for agrochemical additives has been substantially influenced by certain socio-demographic factors, economic development, urbanization, and high demand for genetically modified crops. Furthermore, focus on seed treatment, rationalization of rates, post-harvest agrochemical regulations, innovation funds for aggrotech, and import substitutions are expected to fuel the agrochemical additive market. ‘Growing demand for functional foods and high-nutrient food products is driving sales of agrochemical additives. In addition to this, significant government-backed investments, and subsidies for crop production across emerging economies will augment the growth in the market,’ says an FMI analyst. Get an overview of market drivers and challenges affecting this industry! How Are Stringent Environmental Regulations Affecting Sales of Agrochemical Additives? The increasing enforcement of strict environmental regulations is significantly limiting the sales of agrochemical additives. Many chemicals, including pseudo-biological products laced with agrochemicals, are classified as non-genuine pesticides, which are often adulterated, substandard, or illegally imported. These harmful additives not only fail to protect crops effectively but also pose risks to soil health, water bodies, and ecosystems. Governments worldwide are implementing stricter standards and regulatory interventions, restricting the use of several chemical-based additives. As a result, manufacturers are shifting away from non-water-soluble agrochemicals, thereby reducing their production and sales. One of the biggest environmental concerns linked to agrochemicals is water pollution, which contributes to algal blooms and eutrophication in large water bodies. Additionally, harmful substances such as rodenticides, Persistent Organic Pollutants (POPs), organophosphates (OPs), and carbamate compounds are raising serious conservation concerns for species at the top of the food chain, further intensifying the push for regulatory control. Leading players operating in the global agrochemical additives market include Syngenta AG, Bayer Crop Science, Dow Agro Sciences, Adama Ltd, FMC, BASF SE, Sumitomo Chemical Co., Ltd, UPL Limited, Nutrichem Company Limited, Nufarm Ltd, Israel Chemicals Limited (ICL), Saudi Arabia Fertilizer Company (SAFCO), S.A OCP, Jordan Abyad Fertilizers and Chemicals Company, Yara International ASA, Heringer, PhosAgro, DuSolo Fertilizers, WinHarvest Pty Ltd, OCI N.V., The Mosaic Company, Nutrient Ltd, K+S KALI GmbH. Some recent developments in the market include In Oct 2021, one of the prominent market participants United Phosphorus announced its long-term collaboration with a global bioscience company Chr. Hansen to commercialize microbial-based solutions for sustainable agriculture.

Agrochemical Additives Market to Reach USD 2.7 Billion by 2032 | FMI

The global agrochemical additives market is expected to reach a valuation of USD 2.7 billion by 2032, driven by factors such as population growth, urbanization, and increased demand for genetically modified crops. The market is also influenced by stringent environmental regulations, government investments, and innovation funds for agrotech. Leading companies in the market include Syngenta AG, Bayer Crop Science, Dow Agro Sciences, Adama Ltd, FMC, BASF SE, Sumitomo Chemical Co., Ltd, UPL Limited, Nutrichem Company Limited, Nufarm Ltd, Israel Chemicals Limited, Saudi Arabia Fertilizer Company (SAFCO), S.A OCP, Jordan Abyad Fertilizers and Chemicals Company, Yara International ASA, Heringer, PhosAgro, Du doûl Fertilizers, WinHarvest Pty Ltd, OCI N.V., The Mosaic Company, Nutrient Ltd, and K+S KALI GmbH.