Agrochemical Intermediates Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

The Global Agrochemical Intermediates Market Size accounted for USD 3.7 Billion in 2022 and is estimated to achieve a market size of USD 5.8 Billion by 2032 growing at a CAGR of 4.7% from 2023 to 2032.

Agrochemical Intermediates Market Highlights

• Global agrochemical intermediates market revenue is poised to garner USD 5.8 billion by 2032 with a CAGR of 4.7% from 2023 to 2032
• Asia-Pacific agrochemical intermediates market value occupied more than USD 2.1 billion in 2022
• Asia-Pacific agrochemical intermediates market growth will record a CAGR of around 5% from 2023 to 2032
• Among type, the synthetic sub-segment generated around US$ 1.2 billion revenue in 2022
• Based on application, the herbicides sub-segment generated over 44% share in 2022
• Growing demand for sustainable agriculture is a popular agrochemical intermediates market trend that fuels the industry demand

Agrochemical intermediates are chemical compounds used as raw materials or building blocks in the production of agrochemicals, which are chemicals used in agriculture to increase crop yields and protect crops from pests and diseases. Agrochemical intermediates are extensively used to produce pesticides such as fungicides, herbicides, and insecticides. General examples of agrochemical intermediates are 2-Chloro-6-(Trichloromethyl) Pyridine, 4-Fluorotoluene Diethyl Phosphorochloridothionate, 2-Chloro-5-Chloro Methyl Pyridine, and 2-Chloropropionic Acid. Commonly used agrochemical intermediates among end users are alkylamines, amines, aldehydes, and acids.

Global Agrochemical Intermediates Market Dynamics

Market Drivers

• Increasing demand for food
• Growing adoption of modern farming techniques
• Rising demand for bio-based agrochemical intermediates
• Shift towards precision agriculture

Market Restraints

• Environmental concerns
• Stringent regulations
• High cost of development

Market Opportunities

• Growing demand for organic farming
• Emerging economies
• Shift towards sustainable agriculture

Agrochemical Intermediates Market Report Coverage

Agrochemical Intermediates Market Insights

The agrochemical intermediates market is a growing industry driven by rising agrochemical demand, particularly in developing countries where agriculture is a major driver of economic growth. Rising population and subsidies allocated by the government in emerging economies for surging agricultural mechanisms are driving the growth of this market. However, factors such as a lack of consumer awareness, ecological concerns, and high prices are restraining the growth of this market. Favorable government policies and technological advancements are expected to propel the growth of this market.

Agrochemical Intermediates Market Segmentation

The worldwide market for agrochemical intermediates is split based on type, application, sales channel, and geography.

Agrochemical Intermediate Types

• Synthetic
• Bio-Based

According to an agrochemical intermediates industry analysis, synthetic agrochemical intermediates have the largest market share. This is because of their widespread use, availability, and long-standing market presence. However, demand for bio-based agrochemical intermediates is rapidly increasing due to increased consumer awareness of their environmental benefits and consumer preference for sustainable and eco-friendly products. In the coming years, the bio-based agrochemical intermediates segment is expected to grow faster than the synthetic segment.

Agrochemical Intermediate Applications

• Herbicides
• Insecticides
• Fungicides
• Others (Rodenticides, Molluscicides, Nematicides)

As per the agrochemical intermediates market forecast, herbicides will dominate the agrochemical intermediates market in terms of application due to their high demand for weed control in crops. However, the fungicides and insecticides segments are also important, accounting for a sizable portion of the market.

Because of the growing need for crop protection against insect pests and fungal diseases, the insecticides and fungicides segments are expected to grow faster than the herbicides segment. Furthermore, there is an increasing demand for environmentally friendly and low-impact insecticides and fungicides, which is driving the development of new bio-based agrochemical intermediates in these segments. The "others" segment, which includes molluscicides, rodenticides, and nematicides, is also expected to grow at a moderate rate due to their specific applications in crop protection.

Agrochemical Intermediate Distribution Channels

• Direct Sales
• Distributors
• Wholesalers
• Retailers

The use of distributors and wholesalers is common in the agrochemical intermediates market, as they help manufacturers reach a wider customer base and optimize their supply chain. Distributors typically purchase large quantities of agrochemical intermediates directly from manufacturers and then sell them to retailers, wholesalers, and farmers. Wholesalers, on the other hand, purchase and store large quantities of agrochemical intermediates and then sell them to retailers or other end-users in smaller quantities.

Retailers, such as agricultural supply stores and online marketplaces, also play a significant role in the distribution of agrochemical intermediates as they are often the point of contact between end-users and manufacturers. Direct sales, where manufacturers sell agrochemical intermediates directly to farmers, are also common in some regions.

Agrochemical Intermediates Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)

Agrochemical Intermediates Market Regional Analysis

The Asia-Pacific area is the biggest and fastest-growing market for agrochemical intermediates due to rising population and food demand. The region is also distinguished by a sizable agricultural sector, which drives demand for agrochemical intermediates. Because of their large populations and high agricultural production, China and India are the region's largest markets.

The North American market for agrochemical intermediates is mature and well-established. The region is distinguished by advanced agricultural practices and high per capita agrochemical intermediate consumption. Because of the high demand for agrochemical intermediates in its large agricultural sector, the United States is the region's largest market.

The presence of large-scale agriculture production and advanced farming technologies drives the European market for agrochemical intermediates. The region is also distinguished by stringent regulations governing the use of agrochemical intermediates, which drives the development of environmentally friendly and sustainable products.

Agrochemical Intermediates Market Players

Some of the top agrochemical intermediates companies offered in the professional report include Eastman Chemical Company, RohnerChem, Arkema, DPx Fine Chemicals Austria GmbH & Co KG, Kuraray Co., Ltd, Sugai Chemical Industry Co., Ltd, BASF SE, Evonik Industries, Air Water Inc., Astec LifeSciences Ltd., WeylChem Group, Mitsubishi Corporation and Sudarshan Chemical Industries Ltd.