农用化学品市场喜忧参半

Core Viewpoint - The global agricultural chemicals market is expected to face mixed prospects in 2026 due to resilient recovery and policy uncertainties, with cautious optimism from pesticide and fertilizer companies despite challenges [1] Market Overview - The global agricultural chemicals market is projected to reach $77.7 billion in 2026, a 2.7% increase from $75.7 billion in 2025, marking a significant recovery from the 0.3% growth rate of 2024-2025 [2] - The global seed market is also expected to grow by 2.3% during the same period, providing a boost to agricultural companies that have faced prolonged downturns [2] Industry Challenges - U.S. agricultural profits are expected to decline, with net income projected to drop from $177 billion in 2025 to $148 billion in 2026, influenced by falling crop prices and rising core costs such as fertilizers and labor [1] - Policy risks, particularly related to tariff uncertainties from the Trump administration, continue to create volatility for farmers and suppliers, expected to persist into 2026 [2] Positive Factors - Demand for grains, oilseeds, meat, and biofuels is anticipated to remain historically high, supporting stable demand from farmers who will prioritize high-tech products to maximize yields [3] - The fertilizer market shows a positive outlook, with the removal of import tariffs providing some relief, although supply shortages are expected to keep prices elevated [3] Overall Outlook - Despite facing policy uncertainties and high costs, industry leaders maintain a cautiously optimistic view for the agricultural chemicals market in 2026, driven by stable agricultural demand and a gradual recovery in input markets [4]