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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Agrochemicals Market Size
The global agrochemicals market size reached a value of around USD 239.92 billion in 2023. The market is further expected to grow at a CAGR of 3.1% between 2024 and 2032, reaching a value of around USD 314.87 billion by 2032.
| Global Agrochemicals Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 239.92 |
| Market Size 2032 | USD Billion | 314.87 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 3.1% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 3.6% |
| CAGR 2024-2032 - Market by Country | India | 4.1% |
| CAGR 2024-2032 - Market by Country | China | 3.4% |
| CAGR 2024-2032 - Market by Product | Pesticides | 3.5% |
| CAGR 2024-2032 - Market by Nature | Bio Based | 3.8% |
| Market Share by Country 2023 | France | 3.2% |
Agrochemicals Market Outlook
- 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.
- 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.
- 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.
- Canada: 36.5 MMT due to the large amount of resources and high technology in the manufacture of fertilisers.
Agrochemicals Market Report Snapshots
Agrochemicals Market Regional Analysis
*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 2023, the agrochemicals market attained a value of USD 239.92 billion.
The market is projected to grow at a CAGR of 3.10% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 314.87 billion by 2032.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124