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==Companies==
==Companies==
[[Syngenta]] was the Chinese owned worldwide leader in agrochemical sales in 2013 at approximately US$10.9&nbsp;billion, followed by [[Bayer#Bayer CropScience|Bayer CropScience]], [[BASF]], [[Dow AgroSciences]], [[Monsanto]], and then [[DuPont]] with about $3.6&nbsp;billion.<ref>Agropages.com Mar. 25, 2014 [http://news.agropages.com/News/NewsDetail---11846.htm Top six agrochemical firms grew steady in 2013]</ref> It is still in the worldwide leading position based on sales of year 2019. Based on a statistics by [[statistica]], In 2019, the agrochemical market worldwide was worth approximately $234.2&nbsp;billion. This is expected to increase to more than $300&nbsp;billion in 2025.<ref>Statista.com/ July. 6, 2021 [https://www.statista.com/statistics/311943/agrochemical-market-value-worldwide Agricultural chemicals market value worldwide in 2018 and 2019 with a forecast from 2020 to 2025]</ref>
The worldwide leader of agrochemicals is currently Bayer AG, a German multinational pharmaceutical and life sciences company that is also one of the world's largest agrochemical companies. It is still in the worldwide leading position based on sales of year 2021. Based on a statistics by Next Move Strategy Consulting, in 2021, the agrochemical market worldwide was worth approximately $225.75 billion. This is predicted to reach $310.23 billion by 2030, at a CAGR of 3.4% billion from 2022-2030.<ref>{{Cite web |title=Agrochemicals Market Analysis Report {{!}} 2022 - 2030 |url=https://www.nextmsc.com/report/agrochemicals-market |access-date=2023-04-20 |website=www.nextmsc.com}}</ref>

Other major players in the agrochemical industry include Syngenta AG, BASF SE, Corteva Agriscience, FMC Corporation, and UPL Limited. These companies offer a range of products such as herbicides, fungicides, insecticides, and seed treatments.


==See also==
==See also==

Revision as of 08:42, 20 April 2023

The Passaic Agricultural Chemical Works in Newark, New Jersey, 1876

An agrochemical or agrichemical, a contraction of agricultural chemical, is a chemical product used in industrial agriculture. Agrichemical refers to biocides (pesticides including insecticides, herbicides, fungicides and nematicides) and synthetic fertilizers. It may also include hormones and other chemical growth agents.[1][2]

Agrochemicals are counted among speciality chemicals.

Categories

Biological action

In most of the cases, agrochemicals refer to pesticides.[3]

Application method

Ecology

Many agrochemicals are toxic, and agrichemicals in bulk storage may pose significant environmental and/or health risks, particularly in the event of accidental spills. In many countries, use of agrichemicals is highly regulated. Government-issued permits for purchase and use of approved agrichemicals may be required. Significant penalties can result from misuse, including improper storage resulting in spillage. On farms, proper storage facilities and labeling, emergency clean-up equipment and procedures, and safety equipment and procedures for handling, application and disposal are often subject to mandatory standards and regulations. Usually, the regulations are carried out through the registration process.

For instance, bovine somatotropin, though widely used in the United States, is not approved in Canada and some other jurisdictions as there are concerns for the health of cows using it.

History

Sumerians from 4500 years ago have said to use insecticides in the form of sulfur compounds. Additionally, the Chinese from about 3200 years ago used mercury and arsenic compounds to control the body lice.[4]

Agrochemicals were introduced to protect crops from pests and enhance crop yields. The most common agrochemicals include pesticides and fertilizers.[5] Chemical fertilizers in the 1960s were responsible for the beginning of the "Green Revolution", where using the same surface of land using intensive irrigation and mineral fertilizers such as nitrogen, phosphorus, and potassium has greatly increased food production.[6] Throughout the 1970s through 1980s, pesticide research continued into producing more selective agrochemicals.[4] Due to the adaptation of pests to these chemicals, more and new agrochemicals were being used, causing side effects in the environment.

Companies

The worldwide leader of agrochemicals is currently Bayer AG, a German multinational pharmaceutical and life sciences company that is also one of the world's largest agrochemical companies. It is still in the worldwide leading position based on sales of year 2021. Based on a statistics by Next Move Strategy Consulting, in 2021, the agrochemical market worldwide was worth approximately $225.75 billion. This is predicted to reach $310.23 billion by 2030, at a CAGR of 3.4% billion from 2022-2030.[7]

Other major players in the agrochemical industry include Syngenta AG, BASF SE, Corteva Agriscience, FMC Corporation, and UPL Limited. These companies offer a range of products such as herbicides, fungicides, insecticides, and seed treatments.

See also

References

  1. ^ "Agrochemicals Handbook from C.H.I.P.S." C.H.I.P.S.
  2. ^ "Agrochemicals and Security". University of Florida. Archived from the original on 2017-10-16. Retrieved 2008-12-14.
  3. ^ "Agrochemicals: Types and their effects". worldofchemicals.com. February 2, 2018. Retrieved July 23, 2020.
  4. ^ a b Unsworth, John (10 May 2010). "History of Pesticide Use". International Union of Pure and Applied Chemistry.
  5. ^ "Agrochemical". 2 May 2017.
  6. ^ Carvalho, Fernando P. (2006). "Agriculture, pesticides, food security and food safety". Environmental Science & Policy. 9 (7–8). Elsevier BV: 685–692. doi:10.1016/j.envsci.2006.08.002. ISSN 1462-9011.
  7. ^ "Agrochemicals Market Analysis Report | 2022 - 2030". www.nextmsc.com. Retrieved 2023-04-20.