The report “Agrochemical Tank Market by Type (Conical, Vertical, Horizontal), Size (200–500 to >30,000 Liters), Application (Water Storage, Fertilizer Storage, Chemical Storage), and Region – Global Forecast to 2027” projects the market to grow from USD 1.3 billion in 2022 to USD 1.6 billion by 2027, at a CAGR of 4.5%.
Agrochemical tanks are essential for storing water, chemicals, fertilizers, and various other agricultural liquids. These tanks come in three primary shapes—vertical, conical, and horizontal—and are made from materials such as polyethylene, polypropylene, steel, and concrete.
Key Players Include:
- Grupo Rotoplas S.A.B. de C.V. (Mexico)
- Synder Industries (US)
- Polymaster (Australia)
- Sintex (India)
- Enduramaxx (UK)
- LF Manufacturing (US)
Recent Developments:
- In June 2018, Rotoplas acquired IPS, a pipe and connection manufacturer in Argentina, making it the largest supplier of polypropylene pipes in the Americas.
- In June 2013, Synder Industries introduced an innovative chemical injection tank system to enhance oil and gas drilling operations.
Asia Pacific Leads Market Growth:
The Asia Pacific region is projected to dominate the agrochemical tank market due to rising food demand, expanding agriculture, and increased agrochemical usage. Countries like China and India are investing heavily in agricultural technologies and precision farming, further driving demand for advanced storage solutions. This trend is expected to fuel market growth in the coming years.