Malaysia Agrochemicals Market Size, Share, and Industry Report [2031]
Malaysia Agrochemicals Market Size, Share, and Industry Report [2031]
Segments - Malaysia Agrochemicals Market by Product Types (Fertilizers, Pesticides, Adjuvants, and Plant Growth Regulators) and Applications (Crop Based - Grains & Cereals, Fruits & Vegetables and Oilseeds & Pulses, and Non-Crop-based - Oil Palm, Rubber, Turf Ornamental Grass and Others) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :MC-721
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Report Description
The Malaysia agrochemicals market size was valued at USD 621.65 million in 2022 and is projected to reach USD 928.62 million by 2031, expanding at a CAGR of 4.56% between 2023 and 2031. The growth of the market is attributed to the growing population which is increasing the food demand.
Agrochemicals are chemical compounds used in agriculture to improve crop yield and protect crops against pests, insects, weeds, fungus, and other organisms. They include fertilizers, adjuvants, and pesticides such as insecticides, herbicides, fungicides, and nematicides. Chemical and biological approaches can both be used to make agrochemicals.
Agriculture is a significant business in Malaysia since it guarantees food security and raises rural income levels. Urbanization is to blame for the steady loss of arable land. Population figures and shrinking arable land are to blame for preserving adequacy in agricultural techniques, resulting in increased use of agrochemical goods in previously untapped markets.
According to the International Monetary Fund, the global economy grew by 3.8 per cent (real GDP) in 2017. Economic growth raises people's purchasing power and thus their standard of living. Increased purchasing power causes a shift in the population's eating habits.
Because of people's changing eating habits, food demand has grown faster than population growth. As a result, demand for fertilizers and pesticides has increased. Fertilizers and pesticides are used to increase crop yield, soil fertility, and productivity. As a result, agrochemical demand is expected to rise in lockstep with the agriculture industry's expansion.
The COVID-19 has had an impact on the agrochemicals market's production and supply. The worldwide pandemic has had an influence on the normal operation of several businesses throughout the world, including the agrochemicals business.
In terms of supply, a short-term labor shortage combined with distribution bottlenecks created a large gap between the number of workers required for agrochemical production and those available, resulting in lower production efficiency and supply chain disruption in the country. As a result, COVID-19, a global pandemic, had a negative impact on the Malaysia agrochemicals market.
Malaysia Agrochemicals Market Trends, Drivers, Restraints, and Opportunities
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Rapid growth of the demand for agricultural intensification (to raise yields per acre) while pursuing increasingly sustainable methods is a key factor driving the market growth during the forecast period.
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Increasing demand for oil-palm farming, which necessitates a large number of potassic fertilizers is expected to boost the market expansion in the coming years.
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Short-term labor shortage combined with distribution constraints because of the pandemic is expected to hinder the market growth.
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R&D investment and technological advancement in the fertilizer industry is estimated to create/offer lucrative opportunities for the market players.
Scope of Malaysia Agrochemicals Market Report
The report on the Malaysia agrochemicals market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Agrochemicals Market - Malaysia Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Product Types (Fertilizers, Pesticides, Adjuvants, and Plant Growth Regulators) and Applications (Crop Based - Grains & Cereals, Fruits & Vegetables and Oilseeds & Pulses, and Non-Crop-based - Oil Palm, Rubber, Turf Ornamental Grass and Others) |
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Country |
Malaysia |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Agricultural Chemicals (M) Sdn. Bhd. (ACM), Crop Protection (M) Sdn. Bhd., Hextar Group, Advansia Sdn Bhd, Sin Seng Huat, and Nufarm |
Malaysia Agrochemicals Market Segment Insights
Fertilizers segment to hold major market share
In terms of product types, the Malaysia agrochemicals market is divided into fertilizers, pesticides, adjuvants, and plant growth regulators. The fertilizers segment is expected to account for a key share of the market during the forecast period owing to the development of oil palm agriculture, which necessitates a large number of potassium fertilizers. On the other hand, the fertilizers segment is anticipated to expand at a rapid pace during the forecast period.
Non-crop-based segment to expand at a robust pace
On the basis of applications, the Malaysia agrochemicals market is bifurcated into crop-based - grains & cereals, fruits & vegetables and oilseeds & pulses, and non-crop-based - oil palm, rubber, turf ornamental grass and others.
The non-crop-based - oil palm, rubber segment is expected to account for a key share of the market during the forecast period due to the rising prevalence of cultivation of oil palm in Malaysia which in turns drives the growth of the agrochemical market. On the other hand, the crop-based - grains & cereals, fruits & vegetables and oilseeds & pulses segment is anticipated to expand at a rapid pace during the forecast period.
Segments
The Malaysia agrochemicals market has been segmented on the basis of
Product Types
- Fertilizers
- Pesticides
- Adjuvants
- Plant Growth Regulators
Applications
- Crop Based - Grains & Cereals, Fruits & Vegetables and Oilseeds & Pulses
- Non-Crop-based - Oil Palm, Rubber, Turf Ornamental Grass
- Others
Key Players
- Agricultural Chemicals (M) Sdn. Bhd. (ACM)
- Crop Protection (M) Sdn. Bhd.
- Hextar Group
- Advansia Sdn Bhd
- Sin Seng Huat
- Nufarm
Competitive Landscape
Key players competing in the Malaysia agrochemicals market include Agricultural Chemicals (M) Sdn. Bhd. (ACM), Crop Protection (M) Sdn. Bhd., Hextar Group, Advansia Sdn Bhd, Sin Seng Huat, and Nufarm.
These leading companies in the market use new product launches, mergers and acquisitions, and partnerships as their primary strategies. In order to increase their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.
Table Of Content
Chapter 1 Executive SummaryChapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Malaysia Agrochemicals Market Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Malaysia Agrochemicals Market Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Malaysia Agrochemicals Market Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Malaysia Agrochemicals Market Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Malaysia Agrochemicals Market Market Size & Forecast, 2023-2032
4.5.1 Malaysia Agrochemicals Market Market Size and Y-o-Y Growth
4.5.2 Malaysia Agrochemicals Market Market Absolute $ Opportunity
Chapter 5 Global Malaysia Agrochemicals Market Market Analysis and Forecast By Pesticides, Adjuvants, And Plant Growth Regulators) And Applications
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Pesticides, Adjuvants, And Plant Growth Regulators) And Applications
5.1.2 Basis Point Share (BPS) Analysis By Pesticides, Adjuvants, And Plant Growth Regulators) And Applications
5.1.3 Absolute $ Opportunity Assessment By Pesticides, Adjuvants, And Plant Growth Regulators) And Applications
5.2 Malaysia Agrochemicals Market Market Size Forecast By Pesticides, Adjuvants, And Plant Growth Regulators) And Applications
5.2.1 Crop Based - Grains & Cereals
5.2.2 Fruits & Vegetables and Oilseeds & Pulses
5.2.3 Non-Crop-based - Oil Palm
5.2.4 Rubber
5.2.5 Turf Ornamental Grass and Others
5.3 Market Attractiveness Analysis By Pesticides, Adjuvants, And Plant Growth Regulators) And Applications
Chapter 6 Global Malaysia Agrochemicals Market Market Analysis and Forecast by Region
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Region
6.1.2 Basis Point Share (BPS) Analysis By Region
6.1.3 Absolute $ Opportunity Assessment By Region
6.2 Malaysia Agrochemicals Market Market Size Forecast By Region
6.2.1 North America
6.2.2 Europe
6.2.3 Asia Pacific
6.2.4 Latin America
6.2.5 Middle East & Africa (MEA)
6.3 Market Attractiveness Analysis By Region
Chapter 7 Coronavirus Disease (COVID-19) Impact
7.1 Introduction
7.2 Current & Future Impact Analysis
7.3 Economic Impact Analysis
7.4 Government Policies
7.5 Investment Scenario
Chapter 8 North America Malaysia Agrochemicals Market Analysis and Forecast
8.1 Introduction
8.2 North America Malaysia Agrochemicals Market Market Size Forecast by Country
8.2.1 U.S.
8.2.2 Canada
8.3 Basis Point Share (BPS) Analysis by Country
8.4 Absolute $ Opportunity Assessment by Country
8.5 Market Attractiveness Analysis by Country
8.6 North America Malaysia Agrochemicals Market Market Size Forecast By Pesticides, Adjuvants, And Plant Growth Regulators) And Applications
8.6.1 Crop Based - Grains & Cereals
8.6.2 Fruits & Vegetables and Oilseeds & Pulses
8.6.3 Non-Crop-based - Oil Palm
8.6.4 Rubber
8.6.5 Turf Ornamental Grass and Others
8.7 Basis Point Share (BPS) Analysis By Pesticides, Adjuvants, And Plant Growth Regulators) And Applications
8.8 Absolute $ Opportunity Assessment By Pesticides, Adjuvants, And Plant Growth Regulators) And Applications
8.9 Market Attractiveness Analysis By Pesticides, Adjuvants, And Plant Growth Regulators) And Applications
Chapter 9 Europe Malaysia Agrochemicals Market Analysis and Forecast
9.1 Introduction
9.2 Europe Malaysia Agrochemicals Market Market Size Forecast by Country
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 U.K.
9.2.5 Spain
9.2.6 Russia
9.2.7 Rest of Europe
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 Europe Malaysia Agrochemicals Market Market Size Forecast By Pesticides, Adjuvants, And Plant Growth Regulators) And Applications
9.6.1 Crop Based - Grains & Cereals
9.6.2 Fruits & Vegetables and Oilseeds & Pulses
9.6.3 Non-Crop-based - Oil Palm
9.6.4 Rubber
9.6.5 Turf Ornamental Grass and Others
9.7 Basis Point Share (BPS) Analysis By Pesticides, Adjuvants, And Plant Growth Regulators) And Applications
9.8 Absolute $ Opportunity Assessment By Pesticides, Adjuvants, And Plant Growth Regulators) And Applications
9.9 Market Attractiveness Analysis By Pesticides, Adjuvants, And Plant Growth Regulators) And Applications
Chapter 10 Asia Pacific Malaysia Agrochemicals Market Analysis and Forecast
10.1 Introduction
10.2 Asia Pacific Malaysia Agrochemicals Market Market Size Forecast by Country
10.2.1 China
10.2.2 Japan
10.2.3 South Korea
10.2.4 India
10.2.5 Australia
10.2.6 South East Asia (SEA)
10.2.7 Rest of Asia Pacific (APAC)
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Asia Pacific Malaysia Agrochemicals Market Market Size Forecast By Pesticides, Adjuvants, And Plant Growth Regulators) And Applications
10.6.1 Crop Based - Grains & Cereals
10.6.2 Fruits & Vegetables and Oilseeds & Pulses
10.6.3 Non-Crop-based - Oil Palm
10.6.4 Rubber
10.6.5 Turf Ornamental Grass and Others
10.7 Basis Point Share (BPS) Analysis By Pesticides, Adjuvants, And Plant Growth Regulators) And Applications
10.8 Absolute $ Opportunity Assessment By Pesticides, Adjuvants, And Plant Growth Regulators) And Applications
10.9 Market Attractiveness Analysis By Pesticides, Adjuvants, And Plant Growth Regulators) And Applications
Chapter 11 Latin America Malaysia Agrochemicals Market Analysis and Forecast
11.1 Introduction
11.2 Latin America Malaysia Agrochemicals Market Market Size Forecast by Country
11.2.1 Brazil
11.2.2 Mexico
11.2.3 Rest of Latin America (LATAM)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Latin America Malaysia Agrochemicals Market Market Size Forecast By Pesticides, Adjuvants, And Plant Growth Regulators) And Applications
11.6.1 Crop Based - Grains & Cereals
11.6.2 Fruits & Vegetables and Oilseeds & Pulses
11.6.3 Non-Crop-based - Oil Palm
11.6.4 Rubber
11.6.5 Turf Ornamental Grass and Others
11.7 Basis Point Share (BPS) Analysis By Pesticides, Adjuvants, And Plant Growth Regulators) And Applications
11.8 Absolute $ Opportunity Assessment By Pesticides, Adjuvants, And Plant Growth Regulators) And Applications
11.9 Market Attractiveness Analysis By Pesticides, Adjuvants, And Plant Growth Regulators) And Applications
Chapter 12 Middle East & Africa (MEA) Malaysia Agrochemicals Market Analysis and Forecast
12.1 Introduction
12.2 Middle East & Africa (MEA) Malaysia Agrochemicals Market Market Size Forecast by Country
12.2.1 Saudi Arabia
12.2.2 South Africa
12.2.3 UAE
12.2.4 Rest of Middle East & Africa (MEA)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Middle East & Africa (MEA) Malaysia Agrochemicals Market Market Size Forecast By Pesticides, Adjuvants, And Plant Growth Regulators) And Applications
12.6.1 Crop Based - Grains & Cereals
12.6.2 Fruits & Vegetables and Oilseeds & Pulses
12.6.3 Non-Crop-based - Oil Palm
12.6.4 Rubber
12.6.5 Turf Ornamental Grass and Others
12.7 Basis Point Share (BPS) Analysis By Pesticides, Adjuvants, And Plant Growth Regulators) And Applications
12.8 Absolute $ Opportunity Assessment By Pesticides, Adjuvants, And Plant Growth Regulators) And Applications
12.9 Market Attractiveness Analysis By Pesticides, Adjuvants, And Plant Growth Regulators) And Applications
Chapter 13 Competition Landscape
13.1 Malaysia Agrochemicals Market Market: Competitive Dashboard
13.2 Global Malaysia Agrochemicals Market Market: Market Share Analysis, 2023
13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
13.3.1 Agricultural Chemicals (M) Sdn. Bhd. (ACM)
13.3.2 Crop Protection (M) Sdn. Bhd.
13.3.3 Hextar Group
13.3.4 Advansia Sdn Bhd
13.3.5 Sin Seng Huat
13.3.6 Nufarm
Methodology
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