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The Australia agrochemicals market size reached approximately USD 3.00 billion in 2023. The market is assessed to grow at a CAGR of 3.2% between 2024 and 2032, reaching a value of around USD 4.00 billion by 2032.
Agrochemicals, also known as agricultural chemicals or agrichemicals, are chemical substances used in agriculture to enhance crop production and protect plants from pests and diseases, among others. These chemicals play a crucial role in modern agriculture by improving crop yield, quality, and overall efficiency of agricultural practices. Agrochemicals are essential in sustaining food production to meet the demands of a growing global population.
The market, based on type, includes fertiliser, crop protection chemicals, and plant growth regulators, among others. Fertilisers can further be broken down into nitrogenous, phosphatic, potassic, and secondary fertilisers (Calcium, Magnesium, and Sulphur fertilisers), among others. Crop protection chemicals are categorised into herbicides, insecticides, and fungicides, among others.
Based on application, the Australia agrochemicals market segmentations include cereals and grains, oilseeds and pulses, and fruits and vegetables, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Australia agrochemicals market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
As per the Australia agrochemicals market analysis, the demand for fertilisers is significantly growing amid the increasing attempts by farmers to enhance the crop yield and efficiently supply optimal nutrients to crops. Increasing research and development (R&D) activities in the country aimed at developing fertilisers with enhanced efficiency that can reduce environmental impact and boost the profitability of farmers are likely to further propel the market demand in the coming years.
Cereals and grains account for a substantial portion of the Australia agrochemicals market as cereals such as wheat, barley, oats, canary, and triticale, among others, are extensively harvested in the country. Such crops are susceptible to pests and insects such as armyworms, cutworms, mites, Helicoverpa, and aphids, which is boosting the demand for insecticides.
Farmers also extensively use fertilisers such as potassium, nitrogen, and phosphorus to accelerate cereal and grain development and growth, promote root development, and improve their resistance to diseases. Moreover, the growing trend of sustainability is likely to surge the demand for environmentally friendly agrochemicals in the coming years.
BASF SE is a German multinational chemical company and one of the largest chemical producers in the world. Founded in 1865, BASF SE has its headquarters located in Ludwigshafen. BASF operates in various sectors, including chemicals, plastics, performance products, agricultural solutions, and oil and gas, among others.
Bayer Crop Science AG is a leading agricultural company that focuses on providing innovative solutions for farmers to improve crop yields, quality, and sustainability. It is a part of Bayer AG, a German multinational pharmaceutical and life sciences company.
Syngenta Crop Protection AG is a global agricultural company specialising in crop protection products and solutions. It is a subsidiary of Syngenta Group, a leading agricultural technology company.
Other major players in the Australia agrochemicals market are Corteva Agriscience, FMC Corporation, ADAMA Agricultural Solutions Limited, Nufarm Ltd., Yara International ASA, Nutrien Ltd., and Sumitomo Chemical Co., Ltd., among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Application |
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Market Dynamics |
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Australia Agrochemicals Market Size
Australia Agrochemicals Market Trends
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate value of USD 3.00 billion.
The market is projected to grow at a CAGR of 3.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach nearly USD 4.00 billion by 2032.
Increasing population and growing attempts to boost crop yields are the major drivers of the market.
Technological advancements, rising dependency on fertilisers, and the increasing use of crop protection chemicals in agriculture are the key trends of the market.
The various types of agrochemicals include fertiliser, crop protection chemicals, and plant growth regulators, among others.
Cereal and grains, oilseeds and pulses, and fruits and vegetables, among others, are the different applications of agrochemicals.
The key market players in the market are BASF SE, Bayer Crop Science AG, Syngenta Crop Protection AG, Corteva Agriscience, FMC Corporation, ADAMA Agricultural Solutions Limited, Nufarm Ltd., Yara International ASA, Nutrien Ltd., and Sumitomo Chemical Co., Ltd., among others.
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