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Agrochemicals Market Size, Share, and Industry Report [2031]

Malaysia Agrochemicals Market

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Segments - 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

Report ID: MC-721
Author: Growth Market Reports

Rating: 4.2
Total Reviews: 77

No. Of Pages: 178
Format:

Pub. Date: Upcoming
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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

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.
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.
Short-term labor shortage combined with distribution constraints because of the pandemic is expected to hinder the market growth.
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.

Attributes	Details
Report Title	Agrochemicals Market - Malaysia Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
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)
Country	Malaysia
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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.

Malaysia Agrochemicals Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Agrochemicals Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Agrochemicals Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Agrochemicals Market - Supply Chain
  4.5. Global Agrochemicals Market Forecast
     4.5.1. Agrochemicals Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Agrochemicals Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Agrochemicals Market Absolute $ Opportunity
5. Global Agrochemicals Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Agrochemicals Market Size and Volume Forecast by Applications
     5.3.1. Crop Based - Grains & Cereals, Fruits & Vegetables and Oilseeds & Pulses
     5.3.2. Non-Crop-based - Oil Palm, Rubber, Turf Ornamental Grass
     5.3.3. Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Agrochemicals Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Agrochemicals Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Agrochemicals Demand Share Forecast, 2019-2026
7. North America Agrochemicals Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Agrochemicals Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Agrochemicals Market Size and Volume Forecast by Applications
     7.4.1. Crop Based - Grains & Cereals, Fruits & Vegetables and Oilseeds & Pulses
     7.4.2. Non-Crop-based - Oil Palm, Rubber, Turf Ornamental Grass
     7.4.3. Others
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Agrochemicals Demand Share Forecast, 2019-2026
8. Latin America Agrochemicals Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Agrochemicals Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Agrochemicals Market Size and Volume Forecast by Applications
     8.4.1. Crop Based - Grains & Cereals, Fruits & Vegetables and Oilseeds & Pulses
     8.4.2. Non-Crop-based - Oil Palm, Rubber, Turf Ornamental Grass
     8.4.3. Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Agrochemicals Demand Share Forecast, 2019-2026
9. Europe Agrochemicals Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Agrochemicals Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
  9.4. Europe Agrochemicals Market Size and Volume Forecast by Applications
     9.4.1. Crop Based - Grains & Cereals, Fruits & Vegetables and Oilseeds & Pulses
     9.4.2. Non-Crop-based - Oil Palm, Rubber, Turf Ornamental Grass
     9.4.3. Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Agrochemicals Demand Share Forecast, 2019-2026
10. Asia Pacific Agrochemicals Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Agrochemicals Market Size and Volume 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. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Agrochemicals Market Size and Volume Forecast by Applications
     10.4.1. Crop Based - Grains & Cereals, Fruits & Vegetables and Oilseeds & Pulses
     10.4.2. Non-Crop-based - Oil Palm, Rubber, Turf Ornamental Grass
     10.4.3. Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Agrochemicals Demand Share Forecast, 2019-2026
11. Middle East & Africa Agrochemicals Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Agrochemicals Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Agrochemicals Market Size and Volume Forecast by Applications
     11.4.1. Crop Based - Grains & Cereals, Fruits & Vegetables and Oilseeds & Pulses
     11.4.2. Non-Crop-based - Oil Palm, Rubber, Turf Ornamental Grass
     11.4.3. Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Agrochemicals Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Agrochemicals Market: Market Share Analysis
  12.2. Agrochemicals Distributors and Customers
  12.3. Agrochemicals Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Agricultural Chemicals (M) Sdn. Bhd. (ACM)
     12.4.2. Crop Protection (M) Sdn. Bhd.
     12.4.3. Hextar Group
     12.4.4. Advansia Sdn Bhd
     12.4.5. Sin Seng Huat
     12.4.6. Nufarm

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