Reports - Agrochemicals Market
Agrochemicals Market Size, Share & Trends Analysis Report by Fertilizer Type (Nitrogen Fertilizer, Phosphatic Fertilizer, Potassic Fertizer), by Pesticide Type (Fungicides, Herbicides, Insecticides, Other Pesticide Types), by Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Other Crop Types), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)
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USD 291.3 Billion
USD 406.32 Billion
3.10%
Asia Pacific
Asia Pacific
2024
2021 - 2023
2025 - 2035
By Fertilizer Type, By Pesticide Type, By Crop Type, By Region
The final deliverable will encompass both quantitative and qualitative data, providing a comprehensive analysis of the market. The scope is customizable.
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The global Agrochemicals Market is valued at USD 291.3 Billion in 2024 and is projected to reach a value of USD 264.4 Billion by 2035 at a CAGR (Compound Annual Growth Rate) of 3.10% between 2025 and 2035.
Agrochemical production and supply have been impacted by COVID-19. The global pandemic affected many industries, including the Agrochemicals Market. A short-term lack of migrant laborers and distribution bottlenecks caused a large disparity between the number of workers needed to produce Agrochemicals and those available. During the pandemic, manpower shortages in large-scale plantations impacted agricultural yield and agrochemical use. Global population and income are changing consumption patterns. FAO predicts 9 billion people by 2050. Food is needed to feed the growing population. According to FAO, pests and illness destroy roughly 40% of crops worldwide. The overall pesticide market is expected to grow at a CAGR of 5.6% from 2025 to 2025.
Crop protection chemicals will rise to address these issues and boost yield. Plants need nutrients to grow and produce. Crops and soil affect nutrient requirements. Chemicals meet these nutrient needs. Urea adds 46% nitrogen to the soil, while organic fertilizers like neem cake add 2–5% nitrogen, which plants need to grow. Production must rise to fulfill demand and suit the nutritional needs of an increasingly affluent population. The wastage from shrinking arable land and pest invasions threatens food and nutritional security.
Agrochemicals improve agricultural yield. These boost market growth. The European Union has also announced plans to introduce new agricultural chemical regulations in 2024. This new regulation would require companies selling organic products in the EU to disclose all ingredients. This disclosure requirement aims to ensure that consumers can make informed decisions about which agrichemicals to buy.
The growing awareness about the importance of chemical fertilizers and pesticides in crop production also contributes to market growth. The European Union (EU) is expected to be the fastest-growing agrochemical market region, with a growth rate of 6%. Some key restraints hampering the market growth are the high cost of raw materials and stringent regulations. Market factors restraining the growth of the global agrochemical market include: 1) Rising demand for natural pesticides and herbicides due to changing environmental regulations and rising concerns over food safety. The growth of the Global Agrochemicals Market includes restrictions on production in major developed countries due to environmental concerns and regulations. Additionally, increasing awareness about the adverse effects of Agrochemicals on human health is also restraining the growth of the Global Agrochemicals Market. 2) Declining crop yields due to increased use of chemical fertilizers and water scarcity. 3) Growing appreciation for sustainable agricultural practices. 4) Restrictions on exports owing to regional security issues.
Major Contributions to the Agriculture Sector
The growth in the Agrochemicals Market is attributed to increasing mechanization, farmers’ rising incomes, and food security. The worldwide demand for crop protection products results from increased mechanization, farmers' rising incomes, and food security. Crop pests and diseases are becoming increasingly resistant to traditional agricultural inputs such as pesticides and herbicides. These inputs have led to an increase in the use of Agrochemicals, which have provided relief from pest infestations. Many farmers now use Agrochemicals to treat their crops before selling them to make them resistant to insects or diseases. This leads to considerable environmental damage, as these chemicals can pollute water supplies or damage soil fertility. Agrochemicals also significantly impact human health, with exposure leading to illnesses such as cancer.
Top Market Trends
The top market trends expected to drive the growth of the agrochemical market include an increase in demand for biopesticides, the development of green chemistry, and the adoption of precision agriculture technologies.
Market Segmentation
The Global Agrochemicals Market is segmented based on Fertilizer Type, Pesticide Type, Crop Type, and Region. Based on the Fertilizer Type, the market is classified into Nitrogen Fertilizer, Phosphatic Fertilizer, and Potassic Fertilizer. Based on Pesticide Type, the market is segmented into Fungicides, Herbicides, Insecticides, and Other Pesticide Types. Based on Crop Type, the market is segmented into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Other Crop Types. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Based on Fertilizer Type
Nitrogen fertilizer is the most popular type of fertilizer in the world. The demand for this type of fertilizer is expected to grow at the highest rate during the forecast period. This is due to the increasing agricultural sector in developing countries, which depends on nitrogen fertilizer for crop production. Phosphatic fertilizer is another highly consumed type of fertilizer. This category is expected to witness high growth owing to rising demand from sectors such as mining and manufacturing. Moreover, the increased uptake of bioproducts and green manure crops is contributing to the growth of this market segment. Potassic fertilizers are expected to witness moderate growth during the forecast period owing to constraints arising from environmental issues such as water scarcity.
Based on Pesticide Type
Fungicides are expected to account for the largest share of the Agrochemicals Market during the forecast period. This is mainly because of the increasing awareness about fungal diseases and the need to control them effectively. The growth in herbicides is also attributed to their effectiveness in controlling weeds and other plant pests. In contrast, infestation control products are expected to grow slower due to limited demand from growers for this type of product. The global agricultural markets have been witnessing an increase in demand for insecticides and nematicides over the past few years owing to increased incidence of insect pests such as Lepidoptera, thrips, and whitefly across different crops. This trend is likely to continue in the future as well, owing to increasing incidences of such pests across different parts of the world.
Based on Crop Type
Cereals and grains will account for the largest share of the overall Agrochemicals Market due to their high demand from the animal feed industry. The cereals & grains segment is expected to grow at a CAGR of 7.5% from 2025 to 2035. The oilseeds & pulses segment is expected to grow at a CAGR of 6% during the same period. This is primarily due to growing demand from developing countries such as China and India. The increase in demand for oilseeds and pulses will drive the growth of this market segment during the forecast period. The growth in the fruits and vegetable market is mainly attributable to increasing consumer preference for healthy foods. The others segment is expected to be the smallest segment in the Agrochemicals Market during the forecast period.
Based on Region
The North American market is projected to grow at the highest rate during the forecast period due to increasing demand from the landscaping and agricultural sectors. In Europe, the market is anticipated to grow slower owing to stringent environmental regulations and increasing concerns about chemical safety. The Asia Pacific market is projected to register the highest CAGR during the forecast period due to increasing economic growth in key countries such as China and India. The Latin American market is expected to grow at a comparatively slower rate owing to higher costs associated with biotechnology products. The Middle East & Africa market is projected to experience significant growth owing to increased agrochemical demand in emerging economies such as South Africa and Nigeria.
Competitive Landscape
The key players in the Global Agrochemicals Market include- Clariant AG (Switzerland) and others.
Recent Developments
Segmentation of the Global Agrochemicals Market
Source: www.vantagemarketresearch.com
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Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis | |
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