The Global Agrochemicals Market size is expected to be worth around USD 289.7 billion by 2033, from USD 231.8 billion in 2024, growing at a CAGR of 4.7% during the forecast period from 2024 to 2033.
The global agrochemical market refers to the industry focused on chemical and biological products used to enhance agricultural productivity and protect crops. These include pesticides (insecticides, herbicides, fungicides, and rodenticides), fertilizers (nitrogen, phosphatic, and potassic), plant growth regulators (PGRs), biopesticides, and soil conditioners. Agrochemicals play a vital role in modern farming by improving soil fertility, preventing pest infestations, and ensuring higher crop yields to meet the increasing global food demand. With the growing population and limited availability of arable land, the demand for agrochemicals continues to rise, supported by advancements in precision agriculture and sustainable farming practices.
The agrochemical market is influenced by regional agricultural trends, climate conditions, and government regulations, with Asia-Pacific, North America, and Europe leading the industry. Asia-Pacific dominates the global market, particularly in countries like China and India, where agriculture is a key sector. Population growth, government support for high-yield farming, and increasing use of fertilizers and pesticides drive market expansion in the region. North America follows closely, with the United States and Canada benefiting from advanced agricultural technologies, strong R&D investments, and a shift toward bio-based agrochemicals. In Europe, strict environmental regulations and a growing focus on organic farming are pushing the market toward sustainable solutions, such as biopesticides and eco-friendly fertilizers. Meanwhile, Latin America, particularly Brazil and Argentina, is witnessing significant agrochemical demand due to large-scale commercial farming and increased soy and grain production. Although the Middle East & Africa is still an emerging market, rising investments in modern farming techniques and soil fertility management are expected to drive future growth.
The COVID-19 pandemic had a notable impact on the global agrochemical market, disrupting supply chains, production, and distribution networks. Lockdowns and travel restrictions led to labor shortages, affecting agricultural operations and reducing demand for agrochemicals in some regions. However, since agriculture was classified as an essential sector, the industry rebounded relatively quickly compared to others. The pandemic also accelerated the adoption of digital farming and precision agriculture to optimize agrochemical use and ensure food security. Additionally, many governments emphasized self-sufficiency in food production, leading to increased support for local agriculture and boosting agrochemical sales. Despite initial setbacks, the market remains on a strong growth trajectory, driven by technological advancements, rising global food demand, and the shift toward sustainable agricultural solutions.
By product type, pesticides (insecticides, herbicides, fungicides, and rodenticides) dominate, with herbicides leading due to their widespread use in large-scale farming. Fertilizers are essential for soil fertility, with nitrogen-based fertilizers being the most widely used. Plant Growth Regulators (PGRs) like auxins and gibberellins support crop yield enhancement, while biopesticides are gaining traction as sustainable alternatives. Soil conditioners and adjuvants improve soil health and agrochemical efficiency.
In terms of form, liquid formulations are preferred for their ease of application and rapid absorption, while granular fertilizers and pesticides offer long-term soil benefits. Powdered and other forms, such as gels and fumigants, are used for specialized agricultural needs.
Based on crop type, cereals and grains consume the highest volume of agrochemicals due to their global food demand, while fruits and vegetables rely heavily on fungicides and biopesticides. Oilseeds and pulses, such as soybeans and canola, require high herbicide and nitrogen fertilizer inputs, whereas turf and ornamental plants benefit from plant growth regulators and herbicides for landscaping and commercial horticulture.
By mode of application, foliar spraying is widely used for quick absorption in high-value crops, while soil application remains crucial for long-term nutrient availability. Seed treatment is gaining popularity for its ability to protect against soil-borne pests and enhance germination, particularly in cereals and oilseeds. The market is shifting towards sustainable solutions, including biopesticides, controlled-release fertilizers, and precision agriculture, driven by growing food demand, regulatory changes, and the need for eco-friendly alternatives.
North America Leads With 34% Market Share in Agrochemical Market. North America is a mature yet evolving agrochemical market, driven by advanced agricultural practices, high adoption of technology, and stringent regulatory frameworks. The United States and Canada collectively account for a significant share of the global agrochemical industry, with large-scale farming operations that require high-efficiency crop protection solutions. The region primarily cultivates crops like corn, wheat, soybeans, and cotton, which demand extensive use of herbicides, fungicides, and insecticides. Europe represents one of the most stringently regulated agrochemical markets globally, with a strong emphasis on sustainability and environmental protection. The European Union (EU) has imposed strict guidelines on the usage of synthetic pesticides and fertilizers, pushing the industry towards the development of greener alternatives. The EU Farm to Fork Strategy, which aims to reduce chemical pesticide use by 50% by 2030, is a key factor shaping the agrochemical sector in the region.
The Asia-Pacific region is the fastest-growing agrochemical market, driven by rising food demand, expanding agricultural activities, and increasing adoption of modern farming practices. Countries such as China and India are among the largest consumers and producers of agrochemicals globally, with vast agricultural sectors that rely heavily on pesticides and fertilizers to meet the food requirements of their growing populations. The Middle East and Africa (MEA) represent emerging agrochemical markets, driven by the need for food security and the expansion of agricultural activities in arid and semi-arid regions. Countries such as South Africa, Egypt, and Nigeria are key markets for agrochemical companies, as they strive to increase agricultural productivity amid climate challenges.
Corteva Agriscience (U.S.)
A leader in agricultural products, Corteva focuses on seeds, crop protection, and digital agriculture solutions. It emerged from the merger of Dow AgroSciences and DuPont’s agricultural division, making it one of the most prominent players in the industry. Strong in both crop protection and seed technology. Known for innovation and sustainability in agricultural practices.
Nufarm (Australia)
Nufarm is a major producer of crop protection solutions, particularly herbicides, fungicides, and insecticides, with a significant global presence. Focuses on high-quality formulations and providing solutions to the agricultural community worldwide.
Compass Minerals (U.S.)
Primarily known for producing salt, Compass Minerals also supplies essential plant nutrition products such as potash and fertilizers, contributing to agricultural solutions. Strong supply chain in plant nutrition and fertilizers.
Eurochem Group (Switzerland)
Eurochem is a global leader in the production of fertilizers, with an integrated approach to the agriculture industry, from fertilizer production to distribution. Highly involved in the fertilizer market, with a growing presence in plant protection.
K+S Aktiengesellschaft (Germany)
A major German chemical company, K+S is one of the largest global producers of potassium and other essential nutrients used in fertilizers. A key player in the global fertilizer market, focusing on long-term sustainability and plant nutrition.
Sociedad Química y Minera de Chile (Chile)
Known for its role in the global market for plant nutrients, SQM is a leader in producing lithium and potassium nitrate, both important to the agriculture industry. Dominant in the supply of specialized fertilizers, particularly potassium nitrate.
BASF SE (Germany)
BASF is one of the largest global agrochemical companies, providing a wide range of crop protection products, including herbicides, fungicides, and insecticides. Strong research and development capabilities, as well as a broad portfolio of agricultural solutions.
Syngenta (Switzerland)
A leading multinational agrochemical company, Syngenta offers crop protection products and seeds, with a growing focus on sustainable agricultural solutions. Strong product portfolio in crop protection and seeds, plus a commitment to sustainability and digital agriculture.
UPL (India)
UPL is a global agrochemical player focusing on crop protection, seeds, and fertilizers. It has grown rapidly through acquisitions and a diversified portfolio. A significant player in emerging markets, with a strong global distribution network.
ADAMA (Israel)
ADAMA provides a wide range of crop protection products, focusing on offering farmers simple, effective solutions. Known for its broad product offerings and a strong presence in emerging markets.
Bayer AG (Germany)
Bayer is one of the largest global agrochemical companies, having acquired Monsanto in 2018. It offers a comprehensive range of products including herbicides, fungicides, and insecticides. Strong research, innovation, and leadership in digital agriculture and biotechnology.
Sumitomo Chemical Co., Ltd. (Japan)
Sumitomo Chemical provides a range of agricultural chemicals, including pesticides and fungicides, focusing on global expansion. Focus on chemical innovation with sustainable solutions.
Nutrien Ltd. (Canada)
One of the world’s largest suppliers of agricultural products, Nutrien is heavily involved in the fertilizer market and provides a wide range of crop protection products. Strong capabilities in both crop protection and fertilizer production.
YARA (Norway)
A leader in crop nutrition, YARA focuses on producing fertilizers and solutions for improving crop yields and sustainability. Leading the global fertilizer industry and focused on innovative crop nutrition solutions.
Isagro S.p.A (Italy)
Isagro is an agrochemical company that specializes in crop protection products, focusing on environmental sustainability and providing tailored solutions. Known for effective, high-performance products and research in environmentally-friendly agriculture.
ICL (Israel)
ICL is a global leader in fertilizers, specialty minerals, and agricultural chemicals, offering innovative solutions to enhance crop production. Strong focus on sustainable agriculture and innovative fertilizers.
Report Attribute | Details |
Market size (2024) | USD 231.8 Billion |
Forecast Revenue (2033) | USD 289.7 Billion |
CAGR (2024-2033) | 4.7% |
Historical data | 2018-2023 |
Base Year For Estimation | 2024 |
Forecast Period | 2024-2033 |
Report coverage | Revenue Forecast, Competitive Landscape, Market Dynamics, Growth Factors, Trends and Recent Developments |
Segments covered | By Product Type (Pesticides, Fertilizers, Plant Growth Regulators, Biopesticides), By Form (Liquid, Granular, Powder), By Crop Type (Cereals and Grains, Fruits and Vegetables, Oilseeds and Pulses, Turf and Ornamental Plants),By Mode of Application (Foliar Application, Soil Application, Seed Treatment) |
Regional scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
Competitive Landscape | Corteva, Nufarm, Compass Minerals, Eurochem Group, K+S Aktiengesellschaft, Sociedad Química y Minera de Chile, BASF SE, Syngenta, UPL, ADAMA, Bayer AG, Sumitomo Chemical Co Ltd, Nutrien Ltd, YARA, Isagro S.p.A, ICL, Verdesian Life Sciences, OCP Group, Jiangsu Yangnong Chemical Co. Ltd, AGROLAC, Atticus LLC, Liben Crop Science Co Ltd, Valent U.S.A. LLC, Lier Chemical Co., Ltd, SIPCAM OXON |
Customization Scope | Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements. |
Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. We have three licenses to opt for: Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF). |
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