Halogenated Agrochemicals Market
PUBLISHED: 2024 ID: SMRC26719
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Halogenated Agrochemicals Market

Halogenated Agrochemicals Market Analysis and Forecast to 2030 - By Product Type (Herbicides, Insecticides, Fungicides and Other Product Types), Halogen Type (Chlorine-based, Bromine-based, Fluorine-based and Iodine-based), Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses, Turf & Ornamentals and Other Crop Types), Application, End User and Geography

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4.7 (85 reviews)
Published: 2024 ID: SMRC26719

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Halogenated Agrochemicals Market is accounted for $176.1 billion in 2024 and is expected to reach $240.1 billion by 2030 growing at a CAGR of 5.3% during the forecast period. Halogenated agrochemicals are agricultural chemicals containing halogen elements like chlorine, fluorine, bromine, or iodine. They are used to control pests, diseases, and weeds in crop production. These chemicals include herbicides, insecticides, and fungicides, formulated to enhance crop yield and quality by targeting specific pests or pathogens. Their effectiveness and environmental impact vary, influencing their adoption and regulatory scrutiny in agricultural practices worldwide.  

According to the Food and Agriculture Organization of the United Nations (FAO), global crop production is expected to rise steadily in the coming decades to meet the demands of a growing population. Their report estimates a 70% increase in food production by 2050 compared to 2009 levels.

Market Dynamics:

Driver: 

Growing adoption of modern agricultural practices

The increasing adoption of modern agricultural practices is driving the halogenated agrochemicals market. As farmers seek to maximize crop yields and efficiency, they are turning to advanced agrochemicals to protect crops from pests and diseases. Halogenated agrochemicals offer enhanced efficacy and longer-lasting protection compared to traditional alternatives. This trend is particularly evident in developing countries where agricultural modernization is rapidly progressing. The need to feed a growing global population while optimizing land use further fuels the demand for these high-performance crop protection solutions, contributing significantly to market growth.

Restraint:

Stringent government regulations and restrictions

Many countries have implemented strict policies regarding the use of certain halogenated compounds due to environmental and health concerns. These regulations often require extensive testing and documentation, increasing development costs and time-to-market for new products. Additionally, some halogenated agrochemicals face outright bans in certain regions, limiting market potential. Compliance with evolving regulatory standards across different jurisdictions adds complexity and financial burden to manufacturers, potentially deterring investment in research and development of new halogenated agrochemical solutions. 

Opportunity:

Adoption of integrated pest management

The growing adoption of integrated pest management (IPM) presents a significant opportunity for the halogenated agrochemicals market. IPM approaches combine various pest control methods, including chemical, biological, and cultural practices, to minimize environmental impact while maintaining crop protection. Halogenated agrochemicals can play a crucial role in IPM strategies as targeted, efficient solutions. Their integration into comprehensive pest management programs allows for reduced overall chemical usage while maximizing effectiveness. This trend aligns with increasing consumer demand for sustainably produced food and regulatory pushes for more environmentally friendly agricultural practices, opening new avenues for market growth.

Threat:

Emergence of resistant pest and weed strains

Continuous use of similar chemical compounds has led to the development of resistance in target organisms, reducing the efficacy of existing products. This necessitates ongoing research and development to create new formulations, increasing costs for manufacturers. The threat of resistance also drives farmers to seek alternative pest control methods, potentially reducing reliance on chemical solutions. 

Covid-19 Impact: 

The COVID-19 pandemic disrupted global supply chains and agricultural operations, initially slowing the halogenated agrochemicals market. However, the emphasis on food security during the crisis highlighted the importance of crop protection, potentially boosting long-term demand. The pandemic also accelerated trends towards digitalization and precision agriculture, influencing future product development and application methods in the sector. 

The herbicides segment is expected to be the largest during the forecast period

The herbicides segment is projected to dominate the halogenated agrochemicals market during the forecast period. Herbicides play a crucial role in modern agriculture by controlling weeds that compete with crops for nutrients, water, and sunlight. Halogenated herbicides offer enhanced efficacy and selectivity, making them particularly valuable in large-scale farming operations. The growing adoption of no-till and conservation tillage practices further drives demand for chemical weed control solutions. Additionally, the development of herbicide-resistant crop varieties has expanded the application of these products, contributing to the segment's market leadership and continued growth potential. 

The fruits & vegetables segment is expected to have the highest CAGR during the forecast period

The fruits & vegetables segment is anticipated to experience the highest compound annual growth rate (CAGR) in the halogenated agrochemicals market. This rapid growth is driven by increasing global demand for fresh produce, expanding export markets, and rising consumer awareness of food quality and safety. Halogenated agrochemicals play a vital role in protecting high-value fruit and vegetable crops from pests and diseases, ensuring better yields and quality. The segment's growth is further supported by the trend towards intensive cultivation practices and the need for extended shelf life in the fresh produce supply chain. 

Region with largest share:

North America is poised to dominate the halogenated agrochemicals market due to its advanced agricultural sector and widespread adoption of modern farming techniques. The region's large-scale commercial farming operations rely heavily on efficient crop protection solutions to maintain high productivity. Stringent regulatory frameworks in North America also drive demand for more sophisticated and environmentally friendly agrochemical formulations. The presence of major agrochemical companies, robust research and development activities, and a strong focus on technological innovation further contribute to North America's market leadership in halogenated agrochemicals.

Region with highest CAGR:

The Asia Pacific region is expected to exhibit the highest CAGR in the halogenated agrochemicals market. This rapid growth is driven by several factors, including increasing population, rising food demand, and the modernization of agricultural practices in countries like China and India. Government initiatives to improve agricultural productivity and food security are boosting the adoption of advanced crop protection solutions. The region's expanding middle class and changing dietary preferences towards more diverse and high-quality produce also contribute to market growth. Additionally, the shift towards export-oriented agriculture in many Asian countries is fueling demand for effective pest control measures to meet international standards. 

Key players in the market

Some of the key players in Halogenated Agrochemicals market include BASF SE, Bayer AG, Syngenta AG, DowDuPont Inc., FMC Corporation, Nufarm Limited, Sumitomo Chemical Co., Ltd., ADAMA Agricultural Solutions Ltd., UPL Limited, Corteva Agriscience, Albaugh, LLC, American Vanguard Corporation, Arysta LifeScience Corporation, Cheminova A/S, Drexel Chemical Company, Helm AG, Isagro S.p.A., Nissan Chemical Corporation, Sipcam Agro USA, Inc. and Valent U.S.A. LLC.

Key Developments:

In April 2024, Bayer announced that it has signed an agreement with UK-based Company AlphaBio Control to secure an exclusive license for a new biological insecticide. The new product will be the first available for arable crops, including oilseed rape and cereals. Targeted for initial launch in 2028 pending further development and registration, this new insecticide was discovered by AlphaBio, with whom Bayer distributes FLiPPER® an award-winning bioinsecticide-acaricide.

In May 2023, BASF launches two new herbicides, Facet® and Duvelon® to support rice and tea growers tackle problematic weeds. Facet® is formulated for application in rice fields, and the formulation of Duvelon® is optimized for the use in tea plantations. These latest innovations offer farmers in India a reliable solution for weed management. 

Product Types Covered:
• Herbicides
• Insecticides
• Fungicides
• Other Product Types

Halogen Types Covered:
• Chlorine-based
• Bromine-based
• Fluorine-based
• Iodine-based

Crop Types Covered:
• Cereals & Grains
• Fruits & Vegetables
• Oilseeds & Pulses
• Turf & Ornamentals
• Other Crop Types

Applications Covered:
• Seed Treatment
• Soil Treatment
• Foliar Spray
• Post-Harvest

End Users Covered:
• Farmers and Agricultural Workers
• Agricultural Companies

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary      
       
2 Preface      
 2.1 Abstract     
 2.2 Stake Holders     
 2.3 Research Scope     
 2.4 Research Methodology     
  2.4.1 Data Mining    
  2.4.2 Data Analysis    
  2.4.3 Data Validation    
  2.4.4 Research Approach    
 2.5 Research Sources     
  2.5.1 Primary Research Sources    
  2.5.2 Secondary Research Sources    
  2.5.3 Assumptions    
       
3 Market Trend Analysis      
 3.1 Introduction     
 3.2 Drivers     
 3.3 Restraints     
 3.4 Opportunities     
 3.5 Threats     
 3.6 Product Analysis     
 3.7 Application Analysis     
 3.8 End User Analysis     
 3.9 Emerging Markets     
 3.10 Impact of Covid-19     
       
4 Porters Five Force Analysis      
 4.1 Bargaining power of suppliers     
 4.2 Bargaining power of buyers     
 4.3 Threat of substitutes     
 4.4 Threat of new entrants     
 4.5 Competitive rivalry     
       
5 Global Halogenated Agrochemicals Market, By Product Type      
 5.1 Introduction     
 5.2 Herbicides     
 5.3 Insecticides     
 5.4 Fungicides     
 5.5 Other Product Types     
       
6 Global Halogenated Agrochemicals Market, By Halogen Type      
 6.1 Introduction     
 6.2 Chlorine-based     
 6.3 Bromine-based     
 6.4 Fluorine-based     
 6.5 Iodine-based     
       
7 Global Halogenated Agrochemicals Market, By Crop Type      
 7.1 Introduction     
 7.2 Cereals & Grains     
 7.3 Fruits & Vegetables     
 7.4 Oilseeds & Pulses     
 7.5 Turf & Ornamentals     
 7.6 Other Crop Types     
       
8 Global Halogenated Agrochemicals Market, By Application      
 8.1 Introduction     
 8.2 Seed Treatment     
 8.3 Soil Treatment     
 8.4 Foliar Spray     
 8.5 Post-Harvest     
       
9 Global Halogenated Agrochemicals Market, By End User      
 9.1 Introduction     
 9.2 Farmers and Agricultural Workers     
 9.3 Agricultural Companies     
       
10 Global Halogenated Agrochemicals Market, By Geography      
 10.1 Introduction     
 10.2 North America     
  10.2.1 US    
  10.2.2 Canada    
  10.2.3 Mexico    
 10.3 Europe     
  10.3.1 Germany    
  10.3.2 UK    
  10.3.3 Italy    
  10.3.4 France    
  10.3.5 Spain    
  10.3.6 Rest of Europe    
 10.4 Asia Pacific     
  10.4.1 Japan    
  10.4.2 China    
  10.4.3 India    
  10.4.4 Australia    
  10.4.5 New Zealand    
  10.4.6 South Korea    
  10.4.7 Rest of Asia Pacific    
 10.5 South America     
  10.5.1 Argentina    
  10.5.2 Brazil    
  10.5.3 Chile    
  10.5.4 Rest of South America    
 10.6 Middle East & Africa     
  10.6.1 Saudi Arabia    
  10.6.2 UAE    
  10.6.3 Qatar    
  10.6.4 South Africa    
  10.6.5 Rest of Middle East & Africa    
       
11 Key Developments      
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures     
 11.2 Acquisitions & Mergers     
 11.3 New Product Launch     
 11.4 Expansions     
 11.5 Other Key Strategies     
       
12 Company Profiling      
 12.1 BASF SE     
 12.2 Bayer AG     
 12.3 Syngenta AG     
 12.4 DowDuPont Inc.     
 12.5 FMC Corporation     
 12.6 Nufarm Limited     
 12.7 Sumitomo Chemical Co., Ltd.     
 12.8 ADAMA Agricultural Solutions Ltd.     
 12.9 UPL Limited     
 12.10 Corteva Agriscience     
 12.11 Albaugh, LLC     
 12.12 American Vanguard Corporation     
 12.13 Arysta LifeScience Corporation     
 12.14 Cheminova A/S     
 12.15 Drexel Chemical Company     
 12.16 Helm AG     
 12.17 Isagro S.p.A.     
 12.18 Nissan Chemical Corporation     
 12.19 Sipcam Agro USA, Inc.     
 12.20 Valent U.S.A. LLC     
       
List of Tables       
1 Global Halogenated Agrochemicals Market Outlook, By Region (2022-2030) ($MN)      
2 Global Halogenated Agrochemicals Market Outlook, By Product Type (2022-2030) ($MN)      
3 Global Halogenated Agrochemicals Market Outlook, By Herbicides (2022-2030) ($MN)      
4 Global Halogenated Agrochemicals Market Outlook, By Insecticides (2022-2030) ($MN)      
5 Global Halogenated Agrochemicals Market Outlook, By Fungicides (2022-2030) ($MN)      
6 Global Halogenated Agrochemicals Market Outlook, By Other Product Types (2022-2030) ($MN)      
7 Global Halogenated Agrochemicals Market Outlook, By Halogen Type (2022-2030) ($MN)      
8 Global Halogenated Agrochemicals Market Outlook, By Chlorine-based (2022-2030) ($MN)      
9 Global Halogenated Agrochemicals Market Outlook, By Bromine-based (2022-2030) ($MN)      
10 Global Halogenated Agrochemicals Market Outlook, By Fluorine-based (2022-2030) ($MN)      
11 Global Halogenated Agrochemicals Market Outlook, By Iodine-based (2022-2030) ($MN)      
12 Global Halogenated Agrochemicals Market Outlook, By Crop Type (2022-2030) ($MN)      
13 Global Halogenated Agrochemicals Market Outlook, By Cereals & Grains (2022-2030) ($MN)      
14 Global Halogenated Agrochemicals Market Outlook, By Fruits & Vegetables (2022-2030) ($MN)      
15 Global Halogenated Agrochemicals Market Outlook, By Oilseeds & Pulses (2022-2030) ($MN)      
16 Global Halogenated Agrochemicals Market Outlook, By Turf & Ornamentals (2022-2030) ($MN)      
17 Global Halogenated Agrochemicals Market Outlook, By Other Crop Types (2022-2030) ($MN)      
18 Global Halogenated Agrochemicals Market Outlook, By Application (2022-2030) ($MN)      
19 Global Halogenated Agrochemicals Market Outlook, By Seed Treatment (2022-2030) ($MN)      
20 Global Halogenated Agrochemicals Market Outlook, By Soil Treatment (2022-2030) ($MN)      
21 Global Halogenated Agrochemicals Market Outlook, By Foliar Spray (2022-2030) ($MN)      
22 Global Halogenated Agrochemicals Market Outlook, By Post-Harvest (2022-2030) ($MN)      
23 Global Halogenated Agrochemicals Market Outlook, By End User (2022-2030) ($MN)      
24 Global Halogenated Agrochemicals Market Outlook, By Farmers and Agricultural Workers (2022-2030) ($MN)      
25 Global Halogenated Agrochemicals Market Outlook, By Agricultural Companies (2022-2030) ($MN)      
       
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.       

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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