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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Agrochemicals Market Regional Analysis
The agrochemicals industry in Asia Pacific region is one of the leading regions in the market for agrochemicals as it is a leading producer of agricultural products worldwide. Crops such as grains and cereals, pulses, and vegetables are widely cultivated in Asia Pacific nations like India, China, and Japan, using agrochemicals. Additionally, the region's growing population is fuelling the demand for food, resulting in increased usage of fertilisers and pesticides to increase crop productivity and protect crops.
| CAGR 2024-2032 - Market by | Country |
| India | 4.1% |
| China | 3.4% |
| USA | 2.8% |
| France | 2.4% |
| Italy | 2.2% |
| Canada | XX% |
| UK | XX% |
| Germany | XX% |
| Japan | 2.1% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
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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