This Agrochemicals market report covers market characteristics, size & growth, segmentation, regional & country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The agrochemicals market size has grown strongly in recent years. It will grow from $287.85 billion in 2024 to $311.48 billion in 2025 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to population growth, pest and disease pressure, regulatory environment, farming practices.
The agrochemicals market size is expected to see strong growth in the next few years. It will grow to $439.77 billion in 2029 at a compound annual growth rate (CAGR) of 9%. The growth in the forecast period can be attributed to climate change, sustainable agriculture, precision agriculture, emerging markets, resistance management. Major trends in the forecast period include technological advancements, digitalization and data analytics, crop protection innovations, market consolidation, organic and non-gmo movements, biotechnology and genetic engineering.
The growing population and the resulting increase in food demand are anticipated to drive the growth of the agrochemicals market in the coming years. Food is defined as the substance that contains protein, carbohydrates, fat, and other nutrients essential for sustaining growth, vital processes, and providing energy to organisms. The steady population growth is directly linked to the rising demand for food and the expansion of the agrochemicals market. For instance, in November 2022, the United Nations, a US-based intergovernmental organization, projected that the global population would increase by nearly 2 billion people over the next 30 years, rising from 8 billion today to 9.7 billion by 2050. Additionally, according to Intechnopen, a UK-based publisher of journals and books, global food demand is expected to surge by 70% by 2050. Thus, the increasing population and the corresponding rise in food demand will contribute to the growth of the agrochemicals market.
The rising demand for pesticides is projected to drive the growth of the agrochemicals market in the future. Pesticides are chemical substances or mixtures designed to control, repel, or eliminate pests. As a subset of agrochemicals, pesticides are primarily employed to manage and control pests, enhance yield, ensure a stable and reliable food supply, improve quality, protect public health, and safeguard seasonal crops. For example, in July 2024, data published by the Food and Agriculture Organization (FAO), a United Nations agency based in Italy, indicated that pesticide usage in agriculture throughout the Americas increased by 10 percent, rising from 1.71 million tons in 2021 to 1.89 million tons in 2022. Consequently, the growing demand for pesticides is fueling the expansion of the agrochemicals market.
Strategic partnerships and collaborations have become prominent trends in the agrochemical market. Leading companies in the agrochemicals sector are seeking partnerships to bolster their market positions. For example, in May 2024, Aarti Industries Limited, a specialty chemicals company based in India, and UPL Limited, an agrochemical company also from India, announced a strategic alliance for the manufacturing and marketing of specialty chemicals. This partnership aims to produce and promote specialty chemical intermediates, particularly downstream derivatives of amines used in the agrochemical and paint industries. The objective of this joint venture is to leverage the strengths of both companies, enhance India's chemical manufacturing capabilities, and support the nation's goal of achieving self-reliance in specialty chemicals for global markets.
Key players within the agrochemicals market are placing emphasis on developing innovative products like Atlox BS-50 to drive their market revenues. Atlox BS-50 represents a targeted delivery method designed specifically to meet the evolving requirements of the expanding biopesticide sector, tailored for spore-forming microorganisms. For instance, in September 2023, Croda International Plc, a UK-based chemical company, unveiled Atlox BS-50. Croda's experts meticulously fine-tuned the components of Atlox BS-50 to ensure optimal performance. Widely utilized in agricultural applications, Atlox BS-50 functions as an adjuvant or surfactant, enhancing the efficiency and efficacy of various crop protection products, encompassing herbicides, insecticides, and fungicides. Its role involves improving spreading, wetting, and overall performance of these products on plant surfaces.
In March 2024, Best Agrolife Ltd., a manufacturer of agrochemicals based in India, acquired Sudarshan Farm Chemicals for $0.00167 billion. This acquisition is intended to capitalize on SFCL's research and development capabilities, intellectual property, and technical manufacturing expertise to strengthen its market position and promote sustainable growth in the agrochemical sector. Sudarshan Farm Chemicals is an India-based company specializing in agricultural chemicals.
Major companies operating in the agrochemicals market include Adama Agricultural Solutions Ltd., Agrium Inc., BASF SE, Bayer AG, Yara International ASA, The Mosaic Company, Israel Chemicals Ltd., FMC Corporation, E. I. du Pont Nemours and Company, Monsanto Company, Dow AgroSciences LLC, Land O’ Lakes Inc, Sumitomo Chemical Co Ltd, Zuari Agro Chemicals Ltd, Gharda Chemicals Limited, Nutrien Ag Solutions Limited, UPL Limited, Nufarm Limited, Corteva Agriscience Inc., Dhanuka Agritech Limited, Gowan Company LLC, Nissan Chemical Corporation, Isagro S. p. A., Rallis India Limited, Crystal Crop Protection Pvt. Ltd., Sinochem Group, Wynca Chemical Group Co. Ltd., Kumiai Chemical Industry Co. Ltd., PI Industries Limited, Indofil Industries Limited, Sipcam Oxon S. p. A., Hubei Sanonda Co. Ltd., Excel Crop Care Limited, Insecticides Limited, Redox Industries Limited, Jiangsu Agrochem Laboratory Co. Ltd., Sulphur Mills Limited.
Agrochemicals refer to synthetic and commercially produced chemicals utilized in agriculture to regulate ecosystems and enhance farming practices. Unfortunately, these agrochemicals often lead to contamination of nearby lands and waterways, entering the food chain and causing bioaccumulation. The excessive use of pesticides results in a significant number of residues, impacting crops.
The primary types of fertilizers within agrochemicals include nitrogen fertilizer, phosphatic fertilizer, potassic fertilizer, and others. Nitrogen-containing fertilizers contribute to accelerated plant growth and increased crop production. Various types of pesticides, such as fungicides, herbicides, insecticides, and others, are employed in both crop-based and non-crop-based applications.
The agrochemicals market research report is one of a series of new reports that provides agrochemicals market statistics, including agrochemicals industry global market size, regional shares, competitors with an agrochemicals market share, detailed agrochemicals market segments, market trends and opportunities, and any further data you may need to thrive in the agrochemicals industry. This agrochemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
North America was the largest region in the agrochemicals market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agrochemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the agrochemicals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The agrochemical market consists of sales of chemical fertilizers, antibiotics, and plant hormones. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The agrochemicals market size has grown strongly in recent years. It will grow from $287.85 billion in 2024 to $311.48 billion in 2025 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to population growth, pest and disease pressure, regulatory environment, farming practices.
The agrochemicals market size is expected to see strong growth in the next few years. It will grow to $439.77 billion in 2029 at a compound annual growth rate (CAGR) of 9%. The growth in the forecast period can be attributed to climate change, sustainable agriculture, precision agriculture, emerging markets, resistance management. Major trends in the forecast period include technological advancements, digitalization and data analytics, crop protection innovations, market consolidation, organic and non-gmo movements, biotechnology and genetic engineering.
The growing population and the resulting increase in food demand are anticipated to drive the growth of the agrochemicals market in the coming years. Food is defined as the substance that contains protein, carbohydrates, fat, and other nutrients essential for sustaining growth, vital processes, and providing energy to organisms. The steady population growth is directly linked to the rising demand for food and the expansion of the agrochemicals market. For instance, in November 2022, the United Nations, a US-based intergovernmental organization, projected that the global population would increase by nearly 2 billion people over the next 30 years, rising from 8 billion today to 9.7 billion by 2050. Additionally, according to Intechnopen, a UK-based publisher of journals and books, global food demand is expected to surge by 70% by 2050. Thus, the increasing population and the corresponding rise in food demand will contribute to the growth of the agrochemicals market.
The rising demand for pesticides is projected to drive the growth of the agrochemicals market in the future. Pesticides are chemical substances or mixtures designed to control, repel, or eliminate pests. As a subset of agrochemicals, pesticides are primarily employed to manage and control pests, enhance yield, ensure a stable and reliable food supply, improve quality, protect public health, and safeguard seasonal crops. For example, in July 2024, data published by the Food and Agriculture Organization (FAO), a United Nations agency based in Italy, indicated that pesticide usage in agriculture throughout the Americas increased by 10 percent, rising from 1.71 million tons in 2021 to 1.89 million tons in 2022. Consequently, the growing demand for pesticides is fueling the expansion of the agrochemicals market.
Strategic partnerships and collaborations have become prominent trends in the agrochemical market. Leading companies in the agrochemicals sector are seeking partnerships to bolster their market positions. For example, in May 2024, Aarti Industries Limited, a specialty chemicals company based in India, and UPL Limited, an agrochemical company also from India, announced a strategic alliance for the manufacturing and marketing of specialty chemicals. This partnership aims to produce and promote specialty chemical intermediates, particularly downstream derivatives of amines used in the agrochemical and paint industries. The objective of this joint venture is to leverage the strengths of both companies, enhance India's chemical manufacturing capabilities, and support the nation's goal of achieving self-reliance in specialty chemicals for global markets.
Key players within the agrochemicals market are placing emphasis on developing innovative products like Atlox BS-50 to drive their market revenues. Atlox BS-50 represents a targeted delivery method designed specifically to meet the evolving requirements of the expanding biopesticide sector, tailored for spore-forming microorganisms. For instance, in September 2023, Croda International Plc, a UK-based chemical company, unveiled Atlox BS-50. Croda's experts meticulously fine-tuned the components of Atlox BS-50 to ensure optimal performance. Widely utilized in agricultural applications, Atlox BS-50 functions as an adjuvant or surfactant, enhancing the efficiency and efficacy of various crop protection products, encompassing herbicides, insecticides, and fungicides. Its role involves improving spreading, wetting, and overall performance of these products on plant surfaces.
In March 2024, Best Agrolife Ltd., a manufacturer of agrochemicals based in India, acquired Sudarshan Farm Chemicals for $0.00167 billion. This acquisition is intended to capitalize on SFCL's research and development capabilities, intellectual property, and technical manufacturing expertise to strengthen its market position and promote sustainable growth in the agrochemical sector. Sudarshan Farm Chemicals is an India-based company specializing in agricultural chemicals.
Major companies operating in the agrochemicals market include Adama Agricultural Solutions Ltd., Agrium Inc., BASF SE, Bayer AG, Yara International ASA, The Mosaic Company, Israel Chemicals Ltd., FMC Corporation, E. I. du Pont Nemours and Company, Monsanto Company, Dow AgroSciences LLC, Land O’ Lakes Inc, Sumitomo Chemical Co Ltd, Zuari Agro Chemicals Ltd, Gharda Chemicals Limited, Nutrien Ag Solutions Limited, UPL Limited, Nufarm Limited, Corteva Agriscience Inc., Dhanuka Agritech Limited, Gowan Company LLC, Nissan Chemical Corporation, Isagro S. p. A., Rallis India Limited, Crystal Crop Protection Pvt. Ltd., Sinochem Group, Wynca Chemical Group Co. Ltd., Kumiai Chemical Industry Co. Ltd., PI Industries Limited, Indofil Industries Limited, Sipcam Oxon S. p. A., Hubei Sanonda Co. Ltd., Excel Crop Care Limited, Insecticides Limited, Redox Industries Limited, Jiangsu Agrochem Laboratory Co. Ltd., Sulphur Mills Limited.
Agrochemicals refer to synthetic and commercially produced chemicals utilized in agriculture to regulate ecosystems and enhance farming practices. Unfortunately, these agrochemicals often lead to contamination of nearby lands and waterways, entering the food chain and causing bioaccumulation. The excessive use of pesticides results in a significant number of residues, impacting crops.
The primary types of fertilizers within agrochemicals include nitrogen fertilizer, phosphatic fertilizer, potassic fertilizer, and others. Nitrogen-containing fertilizers contribute to accelerated plant growth and increased crop production. Various types of pesticides, such as fungicides, herbicides, insecticides, and others, are employed in both crop-based and non-crop-based applications.
The agrochemicals market research report is one of a series of new reports that provides agrochemicals market statistics, including agrochemicals industry global market size, regional shares, competitors with an agrochemicals market share, detailed agrochemicals market segments, market trends and opportunities, and any further data you may need to thrive in the agrochemicals industry. This agrochemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
North America was the largest region in the agrochemicals market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agrochemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the agrochemicals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The agrochemical market consists of sales of chemical fertilizers, antibiotics, and plant hormones. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Agrochemicals Market Characteristics3. Agrochemicals Market Trends and Strategies4. Agrochemicals Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Agrochemicals Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Agrochemicals Market34. Recent Developments in the Agrochemicals Market
5. Global Agrochemicals Growth Analysis and Strategic Analysis Framework
6. Agrochemicals Market Segmentation
7. Agrochemicals Market Regional and Country Analysis
8. Asia-Pacific Agrochemicals Market
9. China Agrochemicals Market
10. India Agrochemicals Market
11. Japan Agrochemicals Market
12. Australia Agrochemicals Market
13. Indonesia Agrochemicals Market
14. South Korea Agrochemicals Market
15. Western Europe Agrochemicals Market
16. UK Agrochemicals Market
17. Germany Agrochemicals Market
18. France Agrochemicals Market
19. Italy Agrochemicals Market
20. Spain Agrochemicals Market
21. Eastern Europe Agrochemicals Market
22. Russia Agrochemicals Market
23. North America Agrochemicals Market
24. USA Agrochemicals Market
25. Canada Agrochemicals Market
26. South America Agrochemicals Market
27. Brazil Agrochemicals Market
28. Middle East Agrochemicals Market
29. Africa Agrochemicals Market
30. Agrochemicals Market Competitive Landscape and Company Profiles
31. Agrochemicals Market Other Major and Innovative Companies
35. Agrochemicals Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Agrochemicals Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on agrochemicals market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for agrochemicals? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The agrochemicals market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Fertilizer Type: Nitrogen Fertilizer; Phosphatic Fertilizer; Potassic Fertilizer; Other Fertilizer Types2) By Pesticide Type: Fungicides; Herbicides; Insecticides; Other Pesticide Types
3) By Application: Crop Based; Non-Crop Based
Subsegments:
1) By Nitrogen Fertilizer: Urea; Ammonium Nitrate; Calcium Ammonium Nitrate; Ammonium Sulfate; Other Nitrogen Sources2) By Phosphatic Fertilizer: Diammonium Phosphate (DAP); Monoammonium Phosphate (MAP); Superphosphate (Single And Triple); Rock Phosphate
3) By Potassic Fertilizer: Muriate Of Potash (KCl); Sulfate Of Potash (K2SO4); Potassium Nitrate
4) By Other Fertilizer Types: Micronutrient Fertilizers; Organic Fertilizers; Slow-Release Fertilizers; Specialty Fertilizers
Key Companies Mentioned: Adama Agricultural Solutions Ltd.; Agrium Inc.; BASF SE; Bayer AG; Yara International ASA
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies featured in this Agrochemicals market report include:- Adama Agricultural Solutions Ltd.
- Agrium Inc.
- BASF SE
- Bayer AG
- Yara International ASA
- The Mosaic Company
- Israel Chemicals Ltd.
- FMC Corporation
- E. I. du Pont Nemours and Company
- Monsanto Company
- Dow AgroSciences LLC
- Land O’ Lakes Inc
- Sumitomo Chemical Co Ltd
- Zuari Agro Chemicals Ltd
- Gharda Chemicals Limited
- Nutrien Ag Solutions Limited
- UPL Limited
- Nufarm Limited
- Corteva Agriscience Inc.
- Dhanuka Agritech Limited
- Gowan Company LLC
- Nissan Chemical Corporation
- Isagro S. p. A.
- Rallis India Limited
- Crystal Crop Protection Pvt. Ltd.
- Sinochem Group
- Wynca Chemical Group Co. Ltd.
- Kumiai Chemical Industry Co. Ltd.
- PI Industries Limited
- Indofil Industries Limited
- Sipcam Oxon S. p. A.
- Hubei Sanonda Co. Ltd.
- Excel Crop Care Limited
- Insecticides Limited
- Redox Industries Limited
- Jiangsu Agrochem Laboratory Co. Ltd.
- Sulphur Mills Limited
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | January 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 311.48 Billion |
| Forecasted Market Value ( USD | $ 439.77 Billion |
| Compound Annual Growth Rate | 9.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 38 |
