Global agrochemicals market was valued at US$ 81.27 Bn in 2023, and is expected to reach a value of US$ 123.83 Bn by 2030 at a CAGR of 6.2% between 2023 and 2030.
Report Coverage |
Report Details |
Base Year: |
2022 |
Market Size in 2023: |
US$ 81.27 Bn |
Historical Data for: |
2018 to 2021 |
Forecast Period: |
2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: |
6.20% |
2030 Value Projection: |
US$ 123.83 Bn |
Figure 1. Global Agrochemicals Market, By Region

Agrochemicals, also known as agrichemicals, are chemical products that are used in agriculture to improve crop productivity and protect crops from pests, weeds, and diseases. The main types of agrochemicals are fertilizers, pesticides, and plant growth regulators. Agrochemicals provide many benefits such as protecting crops from insects, pests, fungi, weed, rodents etc., for improving agricultural productivity to meet global food demand. Agrochemicals such as fertilizers and pesticides help in increasing the crop yield by providing necessary nutrients and protecting crops from pests and diseases. Agrochemicals help in improving the quality of crops by enhancing their growth and development. Pesticides are used to control pests and diseases that can damage crops, thereby ensuring a healthy yield.
Market Dynamics:
Government subsidies and support for agrochemicals are expected to drive the global agrochemicals market growth. Governments around the world provide substantial subsidies to farmers to purchase fertilizers, pesticides, and other crop protection chemicals. For instance, in March 2023, Indian Government formulated National Mission on Natural Farming (NMNF) as a separate scheme from 2023-24 by up scaling the Bhartiya Prakritik Krishi Paddati (BPKP) and promote organic ferilizers. This is also aimed to enhance the reach of natural farming. Therefore, agrochemicals make it possible to cultivate crops on a large scale, which is essential for feeding the growing global population.
Key features of the study:
- This report provides in-depth analysis of the global agrochemicals market, and provides market size (US$ Bn & KT) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global agrochemicals market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include ADAMA Ltd., Arysta Life Science, Bayer AG, Isagro Spa, K+S Aktiengesellschaft, Nufarm, Nutrien Ltd, OCI Nitrogen, Sociedad Quimica Y Minera De Chile, and The Mosaic Company
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global agrochemicals market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global agrochemicals market
Detailed Segmentation:
- By Origin:
- By Product Type:
- Insecticides
- Fungicides
- Herbicides
- Others (Rodenticides, etc)
- By Crop Type:
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others (Ornamental, etc.)
- By Application:
- Foliar Treatment
- Soil Treatment
- Seed Treatment
- Others (Hydroponics, etc.)
- By Region :
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- ADAMA Ltd.
- Arysta Life Science
- Bayer AG
- Isagro Spa
- K+S Aktiengesellschaft
- Nufarm
- Nutrien Ltd
- OCI Nitrogen
- Sociedad Quimica Y Minera De Chile
- The Mosaic Company