The Agrochemicals Market is estimated at USD 226.3 billion in 2022. Further, the market is expected to grow from USD 229.8 billion in 2023 to USD 294.7 billion in 2030 at a CAGR of 3.62%.
Agrochemicals Market Overview
Agrochemicals are chemical products used in agriculture to enhance plant & crop growth and safety and control the population of agricultural pests. The types of agrochemicals include pesticides, insecticides, herbicides, fungicides, rodenticides, molluscicides, nematicides, fertilizers, soil conditioners, and limiting and acidifying agents. Agrochemicals play a vital role in modern industrialized and intensive farming methods, making the growth of foods on previously uncultivatable land possible and maximizing the yield of a given soil. Agrochemicals have come a long way since the creation of synthetic fertilizers, and the need to better understand and optimize both the agrochemical production process and the formulation of agrochemicals is becoming more apparent. For key market players, the agrochemicals industry outlook may seem daunting, but many changes underway are likely to transform agrochemicals completely.
Trade Intelligence for Agrochemicals Market
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Global Insecticides, herbicides, fungicides, plant-growth regulators, disinfectants & similar retail preparations Trade, Imports, USD million, 2020-24 |
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|
|
2020 |
2021 |
2022 |
2023 |
2024 |
|
World |
42,594 |
43,945 |
49,950 |
44,607 |
42,671 |
|
Brazil |
3,694 |
4,121 |
6,864 |
4,848 |
4,794 |
|
France |
2,140 |
2,053 |
2,335 |
2,317 |
2,072 |
|
Canada |
1,922 |
1,838 |
2,238 |
2,053 |
1,892 |
|
United States of America |
1,857 |
1,844 |
2,108 |
1,669 |
1,586 |
|
India |
1,507 |
1,853 |
1,794 |
1,474 |
1,573 |
|
Source: OGAnalysis, International Trade Centre (ITC) |
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- Brazil, France, Canada, United States of America and India are the top five countries importing 27.9% of global Insecticides, herbicides, fungicides, plant-growth regulators, disinfectants & similar retail preparations in 2024
- Global Insecticides, herbicides, fungicides, plant-growth regulators, disinfectants & similar retail preparations Imports increased by 0.2% between 2020 and 2024
- Brazil accounts for 11.2% of global Insecticides, herbicides, fungicides, plant-growth regulators, disinfectants & similar retail preparations trade in 2024
- France accounts for 4.9% of global Insecticides, herbicides, fungicides, plant-growth regulators, disinfectants & similar retail preparations trade in 2024
- Canada accounts for 4.4% of global Insecticides, herbicides, fungicides, plant-growth regulators, disinfectants & similar retail preparations trade in 2024
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Global Insecticides, herbicides, fungicides, plant-growth regulators, disinfectants & similar retail preparations Export Prices, USD/Ton, 2020-24 |
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Source: OGAnalysis |
Latest Trends in Agrochemicals Market
Accelerated Pace of Change Within and in Adjacent Markets:
Using advanced robotics, drones, machine learning algorithms, and biologicals would lead to lower use of crop protection products. These new methods & products can enable higher efficiency at lower R&D and capital intensity, at least in the short term. Similarly, gene editing reduced biofuel demand (due to electric vehicles and fuel efficiency mandates), alternative meats and improved animal digestion (leading to lower grain demand), and indoor farming (which minimizes the use of agrochemicals in growing fruits and vegetables) could effectively diminish long-term demand for crop protection chemicals.
Over the past few years, large agrochemical firms have undergone major portfolio optimization and consolidation through the M&A route. Apart from enhancing the current product portfolio, many of these M&A deals have also sought to increase the acquirer companies’ geographical presence, especially in geographies where these companies didn’t have a good distributor network. Major agrochemical producers have already moved from being simple providers of farm inputs to complex providers of integrated product offerings, which have digital as a major component.
Driving Factors
Growing Demand for Food Supply Due to Rapid Growth in Population:
The rising population, need for food security, high demand for food grains, and shrinking arable land are expected to drive the demand for the agrochemicals market. The rapidly growing population across the globe is increasing the burden of higher yield on existing land and its unnecessary expansion to satisfy the growing demand for food. The world's population is estimated to rise by nearly 2 billion in the next 30 years, from 8 billion to 9.7 billion in 2050 and could peak at nearly 10.4 billion in the mid-2080s.
Over the past few years, the global food supply chains have changed dramatically, and intensification has led to high inputs of nutrients in the form of agrochemicals, leading to higher production and supply. Food safety and self-sufficiency are important factors for any country's growth and progress, and to achieve this target, most countries heavily depend on multiple agrochemicals.
China, South Korea, and Taiwan experienced enormous changes in food demand, with animal-based products accounting for a much larger proportion of the national diet. This represents a significant opportunity in East Asia for agrochemical manufacturers to meet the growing agrochemical demand to support a paradigm shift from traditional cereal-based farming towards commercialized agriculture focused on livestock, dairy products, vegetables, and fruit.
Market Challenges
Rising Raw Material & Shipping Costs:
The agrochemicals industry uses many crude oil-related raw materials like chlorine, yellow phosphorus, and bromine, among other substances. These are essential raw materials to produce agrochemicals; even in small doses, these raw components are highly potent and produce the best outcomes. Nonetheless, unpredictable crude oil prices impact agrochemical manufacturing production and pricing. The top three agrochemical manufacturers in the world are the U.S., Japan, and China, with China producing 90% of the world's agrochemical raw materials.
Companies Mentioned
Bayer AG
BASF SE
Clariant AG
UPL
Compass Minerals International
Nufarm Ltd.
Sumitomo Chemical Company
Report Scope
|
Parameter |
Agrochemicals Market scope Detail |
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Base Year |
2024 |
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Estimated Year |
2025 |
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Forecast Period |
2026-2032 |
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Market Size-Units |
USD billion |
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Market Splits Covered |
By Type, By Pesticide, By Fertilizers |
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Countries Covered |
North America (USA, Canada, Mexico) |
|
Analysis Covered |
Latest Trends, Driving Factors, Challenges, Trade Analysis, Price Analysis, Supply-Chain Analysis, Competitive Landscape, Company Strategies |
|
Customization |
10% free customization (up to 10 analyst hours) to modify segments, geographies, and companies analyzed |
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Post-Sale Support |
4 analyst hours, available up to 4 weeks |
|
Delivery Format |
The Latest Updated PDF and Excel Data file |
Market Segmentation
By Type
- Fertilizers
- Pesticides
- Plant Growth Regulators
- Others
By Pesticide
- Insecticides
- Herbicides
- Fungicides
- Other Pesticide Types
By Fertilizers
- Nitrogenous Fertilizers
- Phosphatic Fertilizers
- Potassic Fertilizers
By Geography
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Recent Developments
- Oct 2025: Bayer disclosed plans to introduce icafolin-methyl, a new herbicide in Australia (and pending regulatory filings globally), touted as the first novel weed-killer class in over 30 years.
- Oct 2025: Corteva announced its intention to spin off its seed and pesticide divisions into two separately listed companies to sharpen strategic focus.
- Oct 2025: Mosaic completed the sale of its Patos de Minas phosphate mining asset in Brazil for ~$111 million to redeploy capital toward higher-return areas.
- Sep 2025: In India, the Agro Chem Federation (ACFI) urged the government to introduce a PLI (Production Linked Incentive) scheme and tax breaks to reduce dependence on imported agrochemical technicals and boost local manufacturing.
- Aug 2025: Coromandel International acquired a 53% stake in NACL Industries (an integrated agrochemicals firm) for ₹820 crore, aiming to bolster its agri solutions portfolio.
- Jul 2025: India’s Central Insecticides Board & Registration Committee approved 27 new crop protection product registrations under Section 9(3), expanding formulation and technical options.
- Jul 2025: Punjab Chemicals signed 3 MoUs to commercialise high-value agrochemical products and intermediates targeting European and Japanese markets, backed by a ₹60 crore expansion plan.
- Mar 2025: Bayer launched Vyconic™ soybeans, combining tolerance to five herbicides (glyphosate + 4 others) in one variety to offer growers enhanced weed-management flexibility.
- Feb 2025: BASF initiated registration of Prexio Active, a new active ingredient targeting all four major rice hoppers.
TABLE OF CONTENTS
1. GLOBAL AGROCHEMICALS INDUSTRY
1.1. Market Scope and Definition
1.2. Study Assumptions
2. AGROCHEMICALS MARKET LATEST TRENDS, DRIVERS AND CHALLENGES, 2021-2030
2.1. Agrochemicals Market Latest Trends
2.1.1. Accelerated Pace of Change Within and in Adjacent Markets:
2.1.2. Technological Improvements in New Breeding Techniques:
2.1.3. Advent of Biopesticides:
2.1.4. Strong Research Funding & Government Initiatives for New Products in the Next 5 Years:
2.1.5. Crop-Specific Nutrient Management Through Precision Farming:
2.1.6. Recent Key Developments & Product Launches:
2.2. Agrochemicals Market Insights, 2022-2030
2.2.1. Leading Agrochemicals, by Type, 2022-2030
2.2.2. Dominant Agrochemicals, by Pesticide, 2022-2030
2.2.3. Largest Agrochemicals Fertilizers, 2022-2030
2.2.4. Top Agrochemicals, by Crop Type, 2022-2030
2.2.5. Fast-Growing Geographies for Agrochemicals, 2021-2030
2.3. Agrochemicals Market Drivers to 2030
2.3.1. Growing Demand for Food Supply Due to Rapid Growth in Population:
2.3.2. Rising Need for More Crop Protection Agents in Emerging Nations:
2.3.3. Growth in Global Agricultural Industry:
2.3.4. Rising Consumption of Pesticides & Fertilizers across the Globe:
2.4. Agrochemicals Market Restraints to 2030
2.4.1. Rising Raw Material & Shipping Costs:
2.4.2. Organic Farming as a Substitute for Agrochemicals:
2.4.3. Increasing Resistance Against Agrochemicals in Insect Species:
2.4.4. High Usage of Agrochemicals Leads to Severe Environmental Concerns:
2.5. Agrochemicals Market-Related Market Analysis
2.5.1. Nitrogen-based Fertilizers Market, by Product
2.5.2. Phosphate-based Fertilizers Market, by Product
2.5.3. Potash-based Fertilizers Market, by Product
2.5.4. Global Micronutrient-based Fertilizers Market Segmentation by Type
2.5.5. Global Herbicides Market, by Chemical
2.5.6. Global Insecticides Market, by Chemical
2.5.7. Global Fungicides Market, by Chemical
2.5.8. Global Pesticides Market, by Type
2.5.9. Global Pesticides Market, by Application
2.6. Agrochemicals Market-Five Forces Analysis
3. GLOBAL AGROCHEMICALS MARKET VALUE, MARKET SHARE, AND FORECAST TO 2030
3.1. Global Agrochemicals Market Overview, 2022
3.2. Global Agrochemicals Market Size and Share Outlook, By Type, 2021-2030
3.2.1. Fertilizers
3.2.2. Pesticides
3.2.3. Plant Growth Regulators
3.2.4. Other
3.3. Global Agrochemicals Market Size and Share Outlook, By Pesticide, 2021-2030
3.3.1. Insecticides
3.3.2. Herbicides
3.3.3. Fungicides
3.3.4. Other Pesticides
3.4. Global Agrochemicals Market Size and Share Outlook, By Fertilizers, 2021-2030
3.4.1. Nitrogenous Fertilizers
3.4.2. Phosphatic Fertilizers
3.4.3. Potassic Fertilizers
3.5. Global Agrochemicals Market Size and Share Outlook, By Crop Type, 2021-2030
3.5.1. Cereals & Grains
3.5.2. Oilseeds & Pulses
3.5.3. Fruits & Vegetables
3.5.4. Other Crops
3.6. Global Agrochemicals Market Size and Share Outlook by Region, 2021-2030
4. NORTH AMERICA AGROCHEMICALS MARKET VALUE, MARKET SHARE, AND FORECAST TO 2030
4.1. North America Agrochemicals Market Overview, 2022
4.2. North America Agrochemicals Market Size and Share Outlook by Type, 2021-2030
4.3. North America Agrochemicals Market Size and Share Outlook, By Pesticide, 2021-2030
4.4. North America Agrochemicals Market Size and Share Outlook, By Fertilizers, 2021-2030
4.5. North America Agrochemicals Market Size and Share Outlook by Crop Type, 2021-2030
4.6. North America Agrochemicals Market Size and Share Outlook by Country, 2021-2030
4.6.1. United States
4.6.2. Canada
4.6.3. Mexico
5. EUROPE AGROCHEMICALS MARKET VALUE, MARKET SHARE, AND FORECAST TO 2030
5.1. Europe Agrochemicals Market Overview, 2022
5.2. Europe Agrochemicals Market Size and Share Outlook by Type, 2021-2030
5.3. Europe Agrochemicals Market Size and Share Outlook, By Pesticide, 2021-2030
5.4. Europe Agrochemicals Market Size and Share Outlook, By Fertilizers, 2021-2030
5.5. Europe Agrochemicals Market Size and Share Outlook by Crop Type, 2021-2030
5.6. Europe Agrochemicals Market Size and Share Outlook by Country, 2021-2030
5.6.1. Germany
5.6.2. France
5.6.3. UK
5.6.4. Italy
5.6.5. Spain
5.6.6. Rest of Europe
6. ASIA PACIFIC AGROCHEMICALS MARKET VALUE, MARKET SHARE, AND FORECAST TO 2030
6.1. Asia Pacific Agrochemicals Market Overview, 2022
6.2. Asia Pacific Agrochemicals Market Size and Share Outlook by Type, 2021-2030
6.3. Asia Pacific Agrochemicals Market Size and Share Outlook, By Pesticide, 2021-2030
6.4. Asia Pacific Agrochemicals Market Size and Share Outlook, By Fertilizers, 2021-2030
6.5. Asia Pacific Agrochemicals Market Size and Share Outlook by Crop Type, 2021-2030
6.6. Asia Pacific Agrochemicals Market Size and Share Outlook by Country, 2021-2030
6.6.1. China
6.6.2. Japan
6.6.3. India
6.6.4. Indonesia
6.6.5. Malaysia
6.6.6. Rest of Asia Pacific
7. SOUTH AND CENTRAL AMERICA AGROCHEMICALS MARKET VALUE, MARKET SHARE AND FORECAST TO 2030
7.1. South and Central America Agrochemicals Market Overview, 2022
7.2. South and Central America Agrochemicals Market Size and Share Outlook by Type, 2021-2030
7.3. South and Central America Agrochemicals Market Size and Share Outlook, By Pesticide, 2021-2030
7.4. South and Central America Agrochemicals Market Size and Share Outlook, By Fertilizers, 2021-2030
7.5. South and Central America Agrochemicals Market Size and Share Outlook by Crop Type, 2021-2030
7.6. South and Central America Agrochemicals Market Size and Share Outlook by Country, 2021-2030
7.6.1. Brazil
7.6.2. Argentina
7.6.3. Rest of South and Central America
8. MIDDLE EAST AFRICA AGROCHEMICALS MARKET VALUE, MARKET SHARE AND FORECAST TO 2030
8.1. Middle East Africa Agrochemicals Market Overview, 2022
8.2. Middle East Africa Agrochemicals Market Size and Share Outlook by Type, 2021-2030
8.3. Middle East Africa Agrochemicals Market Size and Share Outlook, By Pesticide, 2021-2030
8.4. Middle East Africa Agrochemicals Market Size and Share Outlook, By Fertilizers, 2021-2030
8.5. Middle East Africa Agrochemicals Market Size and Share Outlook by Crop Type, 2021-2030
8.6. Middle East Africa Agrochemicals Market Size and Share Outlook by Country, 2021-2030
8.6.1. Middle East
8.6.2. Africa
9. AGROCHEMICALS MARKET STRUCTURE
9.1. Bayer AG
9.2. BASF SE
9.3. Clariant AG
9.4. UPL
9.5. Compass Minerals International
9.6. Nufarm Ltd.
9.7. Sumitomo Chemical Company
10. APPENDIX
10.1. About Us
10.2. Sources
10.3. Research Methodology
10.4. Contact Information
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