Agrochemicals Procurement Intelligence
The agrochemical category is expected to grow at a CAGR of 3.4% from 2023 to 2030.
Increasing agricultural productivity on currently used agricultural land is crucial to feeding the world's population. Agrochemicals are therefore crucial to the agricultural sector and aid farmers in increasing the quantity and quality of their harvests. The primary factor driving the expansion of agrochemicals is the rising need for food as a result of population growth.
Order your copy of the Agrochemicals category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Agrochemicals Procurement Intelligence Report Scope
The Agrochemicals category is expected to have pricing growth outlook of 11 - 13% from 2023 to 2030, with below pricing models.
- Cost-plus pricing model
- Market-based pricing methods
Supplier Selection Scope of Report
- Cost and pricing
- Past engagements
- Productivity
- Geographical presence
Supplier selection criteria of Report
- Ability to maintain the agricultural ecosystem
- treatment (fungicide, growth regulators)
- active ingredients (natural, bio stimulants)
- formulation
- precision farming
- biotechnology
- technical specifications
- operational capabilities
- regulatory standards and mandates
- category innovations
- others
Agrochemicals Procurement Intelligence Report Coverage
Grand View Research will cover the following aspects in the report:
- Market Intelligence along with emerging technology and regulatory landscape
- Market estimates and forecasts from 2022 to 2030
- Growth opportunities, trends, and driver analysis
- Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
- Porter’s 5 forces
- Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
- Engagement and operating models, KPI, and SLA elements
- LCC/BCC analysis and negotiation strategies
- Peer benchmarking and product analysis
- Market report in PDF, Excel, and PPT and online dashboard versions
Agrochemicals Procurement Cost and Supplier Intelligence
Typically, businesses use cost-plus or market-based pricing methods. In the cost-plus pricing model, prices are set using the cost of production plus a markup to account for profit and overhead. The market-based pricing model, on the other hand, bases price determination on supply and demand factors. When the market is favourable, this method enables businesses to increase their profit margin while still keeping them competitive in unfavourable situations.
- The total cost of manufacturing includes the price of labor, raw materials, and other costs. Raw materials such as phosphoric acid, nitrogen, and potassium are used in this category. In North America, the price of phosphoric acid fell from USD 1290/MT to 1190/MT in the first quarter of 2023. Price also declined in the Asia-Pacific region from USD 1495/MT to USD 1335/MT in the first quarter of 2023. The price of nitrogen was estimated to be around USD 785/MT in 2022 in North America. At the end of 2022, the price of nitrogen in the Indian market was USD 188/MT.
China exports of pesticides currently make up about 30% of the global market, with a 10% increase and USD 11.5 billion in value. India is the world's second-largest exporter, with USD 5.7 billion in exports. The nation has a sizable manufacturing sector and is renowned for creating goods of excellent quality at low costs.
The agrochemicals category is highly fragmented and competitive since it is made up of so many small and medium-sized businesses. A persistent desire for innovation and cost-cutting has resulted in fierce rivalry. Additionally, this industry is heavily regulated, which makes it difficult for new businesses to enter. As a result, larger businesses are acquiring niche or regional players to gain access to new markets and goods. Farmers and other agrochemical users have benefited from the wide variety of products made possible by the market's fragmentation.
List of Key Suppliers
- BASF
- Corteva
- Bayer
- FMC
- UPL
- Syngenta
- Adama Agricultural Solution
- Nufarm
- PI Industries
Add-on Services provided by Grand View Research Pipeline:
- Should Cost Analysis
Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process
- Rate Benchmarking
Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier
- Salary Benchmarking
Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.
- Supplier Newsletter
A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.
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Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
- Market Intelligence involving – market size and forecast, growth factors, and driving trends
- Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
- Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
- Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
