Agrochemicals Market Size Forecasted To Achieve $439.77 Billion By 2029 With Steady Growth

The Agrochemicals Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Agrochemicals Market Size and Projected Growth Rate?
The size of the agrochemicals market has seen significant expansion over the last few years. There's a forecasted increase from $287.85 billion in 2024 to $311.48 billion in 2025 with an 8.2% compound annual growth rate (CAGR). This escalation in the previous eras is linked to factors such as population increase, pest and disease concerns, regulatory norms, and agricultural methods.

The market for agrochemicals is anticipated to experience robust expansion in the coming years. The market size will rise to $439.77 billion in 2029, with a compound annual growth rate (CAGR) of 9.0%. Factors such as climate change, sustainable agriculture, precision agriculture, burgeoning markets, and resistance management contribute to the growth during the forecast period. Significant trends during this period will be advancements in technology, digitalization and data analytics, innovation in crop protection, market amalgamation, movements towards organic and non-gmo, and strides in biotechnology and genetic engineering.

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What Are the Major Segments in the Agrochemicals Market?
The agrochemicals market covered in this report is segmented -

1) By Fertilizer Type: Nitrogen Fertilizer, Phosphatic Fertilizer, Potassic Fertilizer, Other Fertilizer Types
2) By Pesticide Type: Fungicides, Herbicides, Insecticides, Other Pesticide Types
3) By Application: Crop Based, Non-Crop Based

Subsegments:
1) By Nitrogen Fertilizer: Urea, Ammonium Nitrate, Calcium Ammonium Nitrate, Ammonium Sulfate, Other Nitrogen Sources
2) By Phosphatic Fertilizer: Diammonium Phosphate (DAP), Monoammonium Phosphate (MAP), Superphosphate (Single And Triple), Rock Phosphate
3) By Potassic Fertilizer: Muriate Of Potash (KCl), Sulfate Of Potash (K2SO4), Potassium Nitrate
4) By Other Fertilizer Types: Micronutrient Fertilizers, Organic Fertilizers, Slow-Release Fertilizers, Specialty Fertilizers

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What Are The Driving Agrochemicals Market Evolution?
The agrochemicals market is predicted to surge due to the escalating population and subsequent increase in food requirements. Food, a substance enriched with protein, carbohydrates, fat, and additional nutrients, plays a crucial role in the body of an organism for promoting growth, vital processes, and supplying energy. The consistent rise in population is directly linked to the augmentation in food requirements, leading to the agrochemicals market's expansion. For example, the United Nations, a US-based intergovernmental organization, projected in November 2022 that the world's population will grow nearly by 2 billion people over the upcoming 30 years, escalating from 8 billion presently to 9.7 billion by 2050. Furthermore, Intechnopen, a UK-based journal and book publisher, anticipated that the global food demand would likely increase by 70% by 2050. Hence, the burgeoning population and resulting rise in food requirements will spur the home infusion therapy market's growth.

Which Firms Dominate The Agrochemicals Market Segments?
Major companies operating in the agrochemicals market include Adama Agricultural Solutions Ltd., Agrium Inc., BASF SE, Bayer AG, Yara International ASA, The Mosaic Company, Israel Chemicals Ltd., FMC Corporation, E. I. du Pont Nemours and Company, Monsanto Company, Dow AgroSciences LLC, Land O' Lakes Inc, Sumitomo Chemical Co Ltd, Zuari Agro Chemicals Ltd, Gharda Chemicals Limited, Nutrien Ag Solutions Limited, UPL Limited, Nufarm Limited, Corteva Agriscience Inc., Dhanuka Agritech Limited, Gowan Company LLC, Nissan Chemical Corporation, Isagro S. p. A., Rallis India Limited, Crystal Crop Protection Pvt. Ltd., Sinochem Group, Wynca Chemical Group Co. Ltd., Kumiai Chemical Industry Co. Ltd., PI Industries Limited, Indofil Industries Limited, Sipcam Oxon S. p. A., Hubei Sanonda Co. Ltd., Excel Crop Care Limited, Insecticides Limited, Redox Industries Limited, Jiangsu Agrochem Laboratory Co. Ltd., Sulphur Mills Limited

What Trends Are Expected to Dominate the Agrochemicals Market in the Next 5 Years?
The trend of strategic collaborations and partnerships is increasingly becoming prominent in the agrochemical market. Major businesses in the sector are exploring partnerships as a strategy to solidify their market standing. An example of this was seen in May 2024, when Aarti Industries Limited, a specialty chemicals company from India, chose to form a strategic alliance with UPL Limited, an Indian agrochemical enterprise. The collaboration is centred around the production and promotion of specialty chemicals, primarily focusing on the downstream derivatives of amines used in the agrochemicals and paint sectors. The intent behind this merger is to unify the abilities of both firms, upgrade India's chemical manufacturing capabilities, and further India's goal of achieving self-sufficiency in the production of specialty chemicals for international markets.

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Which Is The Largest Region In The Agrochemicals Market?
North America was the largest region in the agrochemicals market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agrochemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Agrochemicals Market?
2. What is the CAGR expected in the Agrochemicals Market?
3. What Are the Key Innovations Transforming the Agrochemicals Industry?
4. Which Region Is Leading the Agrochemicals Market?

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