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Agrochemicals Market: By Type, By Fertilizer Type, By Crop Application and Region Forecast 2020-2031
Agrochemicals Market size was valued at US$ 243.9 billion in 2024 and is expected to reach US$ 314.5 billion by 2031, growing at a significant CAGR of 3.7% from 2025-2031. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, the market report includes a regulatory scenario and competition analysis with a vividly illustrated competition dashboard to assess the market competition.
Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Contracting arable land because of quick industrialization and population explosion has brought about expanded utilization of agrochemicals like fertilizers and plant growth regulators further setting off the market development. The developing interest in crops as creature feed and fiber in the material business has additionally given a fundamental lift to the agrochemical business. The major market participants are adopting the strategies such as mergers and acquisitions to position themselves as strong player. Key stakeholders of the report include suppliers, manufacturers, marketers, and policymakers engaged in manufacturing and supply of the global market.
Study Period
2025-2031Base Year
2024CAGR
3.7%Largest Market
North-AmericaFastest Growing Market
Europe
Agrochemicals enhances the crop productivity and protect the crops from insects, pests, fungi, weeds, and others. Agrochemicals can be prepared by either chemical or biological methods. Increase in the demand for food production due to rise in population, rise in prevalence of various crop diseases, growing R&D for the innovation of newer agrochemicals, and government initiations to enhance the crop yield are expected to fuel the market over the forecast period. Moreover, technological advancements in the synthesis of agrochemicals, change in farming practices, and rise in R&D investments are also anticipated to drive the agrochemicals market. However, stringent regulatory guidelines for product approval, adverse effects associated with agrochemicals, and high cost of products may restrain the growth of the market
Report Benchmarks |
Details |
Report Study Period |
2025-2031 |
Market Size in 2024 |
US$ 243.9 billion |
Market Size in 2031 |
US$ 314.5 billion |
Market CAGR |
3.7% |
By Type |
|
By Fertilizer Type |
|
By Crop Application |
|
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Agrochemicals market size was valued at US$ 243.9 billion in 2024 and is expected to reach US$ 314.5 billion by 2031, growing at a significant CAGR of 3.7% from 2025-2031.
Agrium INC, BASF SE, Bayer AG, Dow Agrosciences LLC, E. I. Du Pont Nemours And Company
Asia-Pacific is the fastest-growing region for market.
1. Executive Summary |
2. Agrochemicals Market Introduction |
2.1. Agrochemicals Market Taxonomy |
2.2. Agrochemicals Market Definitions |
2.2.1. By Type |
2.2.2. By Fertilizer Type |
2.2.3. By Crop Application |
2.2.4. By Region |
3. Agrochemicals Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Agrochemicals Market Dynamic Factors - Impact Analysis |
3.6. Agrochemicals Market Competition Landscape |
3.7. Agrochemicals Market Supply Chain Analysis |
3.8. Agrochemicals Market - Supply and Demand Analysis By Region |
3.9. Agrochemicals Market Production and Consumption Analysis By Region |
4. Agrochemicals Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 |
4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn ) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Agrochemicals Market, By Pesticide Type, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn ) (Volume, in Tonnes) |
5.1. Herbicides |
5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn ) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Insecticides |
5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn ) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Fungicides |
5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn ) |
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
6. Agrochemicals Market, By Fertilizer Type, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn ) |
6.1. Nitrogenous |
6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn ) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Phosphatic |
6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn ) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Potassic |
6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn ) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
7. Agrochemicals Market, By Crop Application, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn ) (Volume, in Tonnes) |
7.1. Cereals & Grains |
7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn ) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Oil Seeds |
7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn ) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Fruits & Vegetables |
7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn ) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
8. Agrochemicals Market Forecast, By Region, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn ) (Volume, in Tonnes) |
8.1. North America |
8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn ) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Latin America |
8.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn ) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Europe |
8.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn ) |
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Asia-Pacific |
8.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn ) |
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Middle East and Africa |
8.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn ) |
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
8.6. Agrochemicals Market - Opportunity Analysis Index, By Pesticide Type, By Fertilizer, By Crop Application, and Region, 2023 - 2029 |
9. North America Agrochemicals Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn ) (Volume, in Tonnes) |
9.1. Pesticide Type Analysis 2020 - 2024 and Forecast, 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.1.1. Herbicides |
9.1.2. Insecticides |
9.1.3. Fungicides |
9.2. By Fertilizer Analysis 2020 - 2024 and Forecast, 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.2.1. Nitrogenous |
9.2.2. Phosphatic |
9.2.3. Potassic |
9.2.4. Sulfur |
9.2.5. Others |
9.3. By Crop Application Analysis 2020 - 2024 and Forecast, 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.3.1. Cereals & Grains |
9.3.2. Oilseeds |
9.3.3. Fruits & Vegetables |
9.4. By Country Analysis 2020 - 2024 and Forecast, 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.4.1. United States |
9.4.2. Canada |
9.5. North America Agrochemicals Market - Opportunity Analysis Index, By Pesticide Type, By Fertilizer, By Crop Application, and Country 2023 - 2029 |
9.6. North America Agrochemicals Market Dynamics Trends |
10. Europe Agrochemicals Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn ) (Volume, in Tonnes) |
10.1. Pesticide Type Analysis 2020 - 2024 and Forecast, 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Herbicides |
10.1.2. Insecticides |
10.1.3. Fungicides |
10.2. By Fertilizer Analysis 2020 - 2024 and Forecast, 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.2.1. Nitrogenous |
10.2.2. Phosphatic |
10.2.3. Potassic |
10.2.4. Sulfur |
10.2.5. Others |
10.3. By Crop Application Analysis 2020 - 2024 and Forecast, 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.3.1. Cereals & Grains |
10.3.2. Oilseeds |
10.3.3. Fruits & Vegetables |
10.4. By Country Analysis 2020 - 2024 and Forecast, 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.4.1. Germany |
10.4.2. United Kingdom |
10.4.3. Spain |
10.4.4. Italy |
10.4.5. France |
10.4.6. Russia |
10.4.7. Norway |
10.4.8. Rest of Europe |
10.5. Europe Agrochemicals Market - Opportunity Analysis Index, By Pesticide Type, By Fertilizer, By Crop Application, By Country, 2023 - 2029 |
10.6. Europe Agrochemicals Market Dynamics Trends |
11. Asia-Pacific Agrochemicals Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
11.1. Pesticide Type Analysis 2020 - 2024 and Forecast, 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Herbicides |
11.1.2. Insecticides |
11.1.3. Fungicides |
11.2. By Fertilizer Analysis 2020 - 2024 and Forecast, 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.2.1. Nitrogenous |
11.2.2. Phosphatic |
11.2.3. Potassic |
11.2.4. Sulfur |
11.2.5. Others |
11.3. By Crop Application Analysis 2020 - 2024 and Forecast, 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.3.1. Cereals & Grains |
11.3.2. Oilseeds |
11.3.3. Fruits & Vegetables |
11.4. By Country Analysis 2020 - 2024 and Forecast, 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.4.1. China |
11.4.2. India |
11.4.3. Japan |
11.4.4. South Korea |
11.4.5. Australia & New Zealand |
11.4.6. Rest of Asia-Pacific |
11.5. Asia-Pacific Agrochemicals Market - Opportunity Analysis Index, By Pesticide Type, By Fertilizer, By Crop Application and By Country 2023 - 2029 |
11.6. Asia-Pacific Agrochemicals Market Dynamics Trends |
12. Latin America Agrochemicals Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
12.1. Pesticide Type Analysis 2020 - 2024 and Forecast, 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Herbicides |
12.1.2. Insecticides |
12.1.3. Fungicides |
12.2. By Fertilizer Analysis 2020 - 2024 and Forecast, 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.2.1. Nitrogenous |
12.2.2. Phosphatic |
12.2.3. Potassic |
12.2.4. Sulfur |
12.2.5. Others |
12.3. By Crop Application Analysis 2020 - 2024 and Forecast, 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.3.1. Cereals & Grains |
12.3.2. Oilseeds |
12.3.3. Fruits & Vegetables |
12.4. By Country Analysis 2020 - 2024 and Forecast, 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.4.1. Brazil |
12.4.2. Mexico |
12.4.3. Argentina |
12.4.4. Rest of Latin America |
12.5. Latin America Agrochemicals Market - Opportunity Analysis Index, By Pesticide Type, By Fertilizer, By Crop Application, and By Country 2023 - 2029 |
12.6. Latin America Agrochemicals Market Dynamics Trends |
13. Middle East and Africa Agrochemicals Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
13.1. Pesticide Type Analysis 2020 - 2024 and Forecast, 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Herbicides |
13.1.2. Insecticides |
13.1.3. Fungicides |
13.2. By Fertilizer Analysis 2020 - 2024 and Forecast, 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.2.1. Nitrogenous |
13.2.2. Phosphatic |
13.2.3. Potassic |
13.2.4. Sulfur |
13.2.5. Others |
13.3. By Crop Application Analysis 2020 - 2024 and Forecast, 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.3.1. Cereals & Grains |
13.3.2. Oilseeds |
13.3.3. Fruits & Vegetables |
13.4. By Country Analysis 2020 - 2024 and Forecast, 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.4.1. Middle East |
13.4.2. South Africa |
13.4.3. Israel |
13.4.4. Argentina |
13.4.5. Rest of Latin America |
13.5. Latin America Agrochemicals Market - Opportunity Analysis Index, By Pesticide Type, By Fertilizer, By Crop Application, and By Country 2023 - 2029 |
13.6. Latin America Agrochemicals Market Dynamics Trends |
14. Competition Landscape |
14.1. Strategic Dashboard of Top Market Players |
14.2. Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
14.2.1. Agrium INC |
14.2.2. BASF SE |
14.2.3. Bayer AG |
14.2.4. Dow Agrosciences LLC |
14.2.5. E. I. Du Pont Nemours And Company |
14.2.6. Monsanto Company |
14.2.7. Sumitomo Chemical Co |
14.2.8. Syngenta AG |
14.2.9. Yara International |
14.2.10. Compass Minerals |
14.2.11. The Mosaic Co |
15. Research Methodology |
16. Key Assumptions and Acronyms |
Key Market Players