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Report Overview
The global agrochemicals market size reached around USD 239.92 Billion in 2024. The market is projected to grow at a CAGR of 3.10% between 2025 and 2034 to reach nearly USD 325.58 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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The United States, according to FAO, dominated the world market in fertiliser production in 2021 with 54.4 million tonnes, hence clearly depicting its leadership in the agricultural sector and capacity to support either domestic or international agricultural demand.
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As per agrochemicals market analysis, it was closely followed by India at 52.6 million tonnes due to its considerably large agrarian base and the critical role of fertilisers in enhancing crop yield in economies that are primarily agrarian in nature.
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Russia was the third largest with 51.9 million tons, drawing from vast natural resources and immense industrial infrastructure to hold a strong position within the world fertiliser market.
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Canada: 36.5 MMT due to the large amount of resources and high technology in the manufacture of fertilisers.
Agrochemicals Market Competitive Landscape
Some of the key players in the agrochemicals market develop a craving for advanced, sustainable solutions to enhance crop yield while reducing environmental impact with this, thus driving innovation in eco-friendly products and technologies related to precision agriculture.
Corteva AgriScience, founded in 2019 with its headquarters in Indiana in the United States, combines market-leading discoveries, high-touch customer interaction, and operational execution for the most urgent agricultural concerns in the world. The company has a unique distribution approach and a well-balanced combination of products and services for crop protection and seeds.
The Mosaic Company, established in 2004 and headquartered in Florida in the United States, is a leader in the worldwide crop nutrient market and has the capacity to generate and transport phosphate and potash, two essential crop nutrients, on a large scale. The entire crop nutrition process is handled by Mosaic, from resource extraction to the production of feed, industrial products, and crop nutrients for clients globally.
Nutrien Ltd., with its headquarters in Saskatoon, Canada is one of the largest providers of crop inputs, services, and solutions in the world. By assisting farmers in increasing food production in a sustainable way, Nutrien is supporting feeding of the future. The company was established in 2018 is one of the biggest producers of nitrogen and phosphate in the world, as well as significant capacity production for potash.
Other market players profiles in the agrochemicals market report include Solvay S.A., Clariant AG, Evonik Industries AG, Ashland Global Holdings Inc., BASF SE, Nufarm Ltd, and Yara International ASA, among others.
Agrochemicals Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market reached an approximate value of USD 239.92 Billion.
The market is projected to grow at a CAGR of 3.10% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 325.58 Billion by 2034.
The major drivers of the market include the rising demand for fertilisers, increasing usage of crop protection products, and growing production of advanced agrochemicals.
Rise in food demand and development of crop-specific agrochemicals are key trends propelling the growth of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major applications of agrochemicals in the market are crop based and non-crop based. Crop based are further divided into grains and cereals, pulses and oilseeds, and fruits and vegetables whereas non-crop based are sub-divided into turf and ornamental grass, among others.
The various products of agrochemicals in the market are fertilisers, pesticides, adjuvants, and plant growth regulators, among others.
The primary natures of agrochemicals are bio-based and synthetic.
The major players in the agrochemicals market are Solvay S.A., Clariant AG, Evonik Industries AG, Ashland Global Holdings Inc., BASF SE, Corteva AgriScience, The Mosaic Company, Nutrien Ltd., Nufarm Ltd, and Yara International ASA, among others.
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