South Africa Agrochemicals Market Introduction and Overview
According to SPER Market Research, the South Africa Agrochemicals Market is estimated to reach USD 1.8 billion by 2033 with a CAGR of 4.15%.
The report includes an in-depth analysis of the South Africa Agrochemicals Market, including market size and trends, product mix, applications, and supplier analysis. Agrochemicals are insecticides, herbicides, or fertilisers used to manage agricultural ecosystems. For millennia, rudimentary variations on agrochemicals have been employed to increase crop yields and control pest populations. Agrochemicals are divided into fertilisers and insecticides. Fertilisers improve crop quality by delivering important nutrients to both the crop and the soil, whereas pesticides protect crops by controlling, killing, or repelling pests and weeds that can harm them. Given the current global population scenario, it is critical to boost food output on existing arable land in order to feed the world's population.
- In March 2021, Land O' Lakes Villa Crop Protection and the Intelichem Group amalgamated under the brand name WinField United. This merger is expected to alter the African landscape of agriculture and crop protection.
- In March 2021, BASF and AgBiome inked a collaboration agreement to develop a new biological fungicide for Europe, the Middle East and Africa. AgBiome's product was marketed in the United States under the name Howler. It is a biological fungicide that is effective against both soilborne and foliar infections.
- The US Environmental Protection Agency (EPA) registered Syngenta's new fungicide, VAYANTIS, in March 2021. VAYANTIS fungicide has an active ingredient that can be used as a seed treatment to protect seedlings from important blight and damping-off diseases in all markets, including South Africa.
Market Opportunities and Challenges
Opportunities- Continuous technological improvements in agriculture have resulted in a shift in farming practices. With the rising export and import of agricultural commodities across diverse geographies, particularly in developing countries, new forms of dangerous organisms have evolved, increasing the demand for novel active component products to protect crops. The globalisation of the agrochemical sector has a significant impact on the Asian crop protection business. With the fastest rate of population growth, increasing food production needs, and economic growth, the need for various agrochemicals such as herbicides and pesticides is rising. Furthermore, The government has played a vital role in encouraging demand in the agrochemicals business due to the rise in agricultural output. Farmers are compelled to assist the government's efforts by obtaining subsidies and tax breaks. Improved fertilisers are in greater demand in nations where agriculture is the primary source of income.
Challenges- Rising organic fertiliser sector with increased knowledge of health, food safety, environmental protection, and animal welfare standards, the organic food industry has expanded rapidly in emerging countries. Organic food is growing more popular. The increase in demand for healthy and safe food items, together with rising per capita income, is predicted to fuel the organic food sector and increase the usage of bio fertilisers, which will have an impact on chemical fertiliser composition. As a result, the growing organic fertiliser sector is impeding the expansion of the agrochemicals market over the predicted period.
Market Competitive Landscape
South Africa's agrochemicals market is very competitive, with numerous international and indigenous businesses engaged in it. The major players in the market include Sasol Limited, Bayer Crop Science AG, Syngenta AG, BASF SE, CF Industries Holdings, ICL Group Ltd, Land O' Lakes (Villa Crop Protection (Pty) Ltd), and K+S AG. These prominent players are expanding their positions in the country to have a wide-ranging consumption.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Application
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| Regions covered | Cape, Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Limpopo, Mpumalanga, North West South Africa, Northern South Africa, Western South Africa
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| Companies Covered | Bayer CropScience AG, BASF SE, Nutrien Ltd, CF Industries Holdings, UPL Limited, Sociedad QuÃmica y Minera de Chile (SQM), Yara International ASA, Archer-Daniels-Midland (ADM), Cargill Incorporated, Belaruskali, OCP Group, Land O' Lakes (Villa Crop Protection (Pty) Ltd.
|
COVID-19 Impact on South Africa Agrochemicals Market
The COVID-19 epidemic has had both beneficial and negative repercussions on the agrochemicals market. One benefit of the epidemic has been a rise in demand for food as a result of panic purchases and stockpiling, which has raised the need for agrochemicals. In an effort to meet this demand, farmers have persisted in using agrochemicals to increase crop yields and shield crops from pests and illnesses. But the epidemic has also thrown off the agrochemical supply chain, posing logistical problems, a labour shortage, and manufacturing and shipping difficulties. This has caused limitations in the supply chain and raised costs for certain agrochemical goods.
Key Target Audience:
- Farmers and Growers
- Agricultural Cooperatives
- Distributors and Wholesalers
- Government and Regulatory Bodies
- Research and Development Institutions
- Retailers and Agrochemical Stores
- Agricultural Consultants and Extension Services
- Environmental and Advocacy Groups
Our in-depth analysis of the South Africa Agrochemicals Market includes the following segments:
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By Type:
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Fertilizers
Pesticides
Adjuvants
Plant Growth Regulator
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By Application:
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Crop-based
Non-crop-based
Other major crop
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Key Topics Covered in the Report
- South Africa Agrochemicals Market Size (FY’2024-FY’2033)
- Overview of South Africa Agrochemicals Market
- Segmentation of South Africa Agrochemicals Market by Type (Fertilizers, Pesticides, Adjuvants, Plant Growth Regulators)
- Segmentation of South Africa Agrochemicals Market by Application (Crop-based, Non-crop-based, other major crop)
- Statistical Snap of South Africa Agrochemicals Market
- Expansion Analysis of South Africa Agrochemicals Market
- Problems and Obstacles in South Africa Agrochemicals Market
- Competitive Landscape in the South Africa Agrochemicals Market
- Impact of COVID-19 and Demonetization on South Africa Agrochemicals Market
- Details on Current Investment in South Africa Agrochemicals Market
- Competitive Analysis of South Africa Agrochemicals Market
- Prominent Players in the South Africa Agrochemicals Market
- SWOT Analysis of South Africa Agrochemicals Market
- South Africa Agrochemicals Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the South Africa Agrochemicals Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. South Africa Agrochemicals Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in South Africa Agrochemicals Market
7. South Africa Agrochemicals Market, By Type (USD Million) 2020-2033
7.1. South Africa Agrochemicals Market Size, Share and Forecast, By Type, 2020-2026
7.2. South Africa Agrochemicals Market Size, Share and Forecast, By Type, 2027-2033
7.3. Fertilizers
7.4. Pesticides
7.5. Adjuvants
7.6. Plant Growth Regulator
8. South Africa Agrochemicals Market, By Application (USD Million) 2020-2033
8.1. South Africa Agrochemicals Market Size, Share and Forecast, By Application, 2020-2026
8.2. South Africa Agrochemicals Market Size, Share and Forecast, By Application, 2027-2033
8.3. Crop-based
8.3.1. Grains and Cereals
8.3.2. Oil seeds
8.3.3. Fruits and Vegetables
8.4. Non-crop-based
8.4.1. Turf and Ornamental Grass
8.5. Other major crop
9. South Africa Agrochemicals Market Forecast, 2020-2033 (USD Million)
9.1. South Africa Agrochemicals Market Size and Market Share
10. South Africa Agrochemicals Market, By Region, 2020-2033 (USD Million)
10.1. South Africa Agrochemicals Market Size and Market Share By Region (2020-2026)
10.2. South Africa Agrochemicals Market Size and Market Share By Region (2027-2033)
10.3. Cape
10.4. Eastern Cape
10.5. Free State
10.6. Gauteng
10.7. KwaZulu-Natal
10.8. Limpopo
10.9. Mpumalanga
10.10. North West South Africa,
10.11. Northern South Africa
10.12. Western South Africa
11. Company Profile
11.1. Bayer CropScience AG
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. BASF SE
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Nutrien Ltd
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. CF Industries Holdings
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. UPL Limited
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Sociedad QuÃmica y Minera de Chile (SQM)
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Yara International ASA
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. Archer-Daniels-Midland (ADM)
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. Cargill Incorporated
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. Belaruskali
11.10.1. Company details
11.10.2. Financial outlook
11.10.3. Product summary
11.10.4. Recent developments
11.11. OCP Group
11.11.1. Company details
11.11.2. Financial outlook
11.11.3. Product summary
11.11.4. Recent developments
11.12. Land O' Lakes (Villa Crop Protection (Pty) Ltd
11.12.1. Company details
11.12.2. Financial outlook
11.12.3. Product summary
11.12.4. Recent developments
11.13. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
