Agrochemicals Market Malaysia 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) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The agrochemicals market Malaysia size is projected to expand at a considerable CAGR during the forecast period, 2021–2028. 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 Malaysian agrochemicals market.
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 the Report
The report on the agrochemicals market in Malaysia 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 |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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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 |
Agrochemicals Market Malaysia Market Segment Insights
Fertilizers segment to hold major market share
In terms of product types, the agrochemicals market in Malaysia 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 agrochemicals market in Malaysia 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.
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 (000’ 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
The agrochemicals market in Malaysia has been segmented on the basis of
Product Types
- Fertilizers
- Pesticides
- Adjuvants
- Plant Growth Regulators
- Crop Based - Grains & Cereals, Fruits & Vegetables and Oilseeds & Pulses
- Non-Crop-based - Oil Palm, Rubber, Turf Ornamental Grass
- Others
- Agricultural Chemicals (M) Sdn. Bhd. (ACM)
- Crop Protection (M) Sdn. Bhd.
- Hextar Group
- Advansia Sdn Bhd
- Sin Seng Huat
- Nufarm
Key players competing in the agrochemicals market in Malaysia 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.
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