Agrochemicals Market: By Type (Herbicides, Insecticides, Fungicides), By Fertilizer Type (Nitrogenous, Phosphatic, Potassic, Sulfur, Others), By Crop Application (Cereals & Grains, Oilseeds, Fruits & Vegetables) and Geography.  

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Agrochemicals Market size was valued at USD 210 Billion in 2022 and is projected to reach USD 261.80 billion by 2029 at a CAGR of 3.2% from 2023 to 2029. 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.


Agrochemicals Market Key Developments:

In June 2017, Dow AgroSciences launched Inatreq, a fungicide used in cereals for long-term control of key diseases.

Agrochemicals Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

3.2%

Largest Market

North America

Fastest Growing Market

Europe
Agrochemicals Market Dynamics

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 agrochemicals 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 agrochemicals market

Key Features of the Reports

  • The agrochemicals market report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Agrochemicals Market Segmentation

By Type
  • Herbicides
  • Insecticides
  • Fungicides

   

By Fertilizer Type
  • Nitrogenous
  • Phosphatic
  • Potassic
  • Sulfur
  • Others
By Crop Application
  • Cereals & Grains
  • Oilseeds
  • Fruits & Vegetables

Frequently Asked Questions

The agrochemicals market is projected to expand at a CAGR of 3.2% during the forecast period.

Agrium INC, BASF SE, Bayer AG, Dow Agrosciences LLC, E. I. Du Pont Nemours And Company

Asia-Pacific is the fastest-growing region for agrochemicals 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, 2018 - 2022 and Forecast, 2023 - 2029
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn )
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Agrochemicals Market, By Pesticide Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) (Volume, in Tonnes)
5.1. Herbicides
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn )
6.1. Nitrogenous
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029  (Revenue, USD Mn ) (Volume, in Tonnes)
7.1. Cereals & Grains
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029  (Revenue, USD Mn ) (Volume, in Tonnes)
8.1. North America
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) (Volume, in Tonnes)
9.1. Pesticide Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) (Volume, in Tonnes)
10.1. Pesticide Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
11.1. Pesticide Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
12.1. Pesticide Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
13.1. Pesticide Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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
  • Agrium INC
  • BASF SE
  • Bayer AG
  • Dow Agrosciences LLC
  • E. I. Du Pont Nemours And Company
  • Monsanto Company
  • Sumitomo Chemical Co
  • Syngenta AG
  • Yara International
  • Compass Minerals
  • The Mosaic Co

Adjacent Markets