Agrochemicals Market Landscape 2025: Forecast Data and Growth Strategy Insights

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What Is the Expected CAGR for the Agrochemicals Market Through 2025?
In the past few years, the agrochemicals market has seen significant expansion. The market value is expected to rise from $287.85 billion in 2024 to $311.48 billion in 2025 with a compound annual growth rate (CAGR) of 8.2%. This development during the historic period is due to factors such as population growth, increased pest and disease presence, regulatory changes, and farming practices.

What's the Projected Size of the Global Agrochemicals Market by 2029?
In the ensuing years, a notable surge in the agrochemicals market size is anticipated, which is projected to hit a striking $439.77 billion by 2029 with a compound annual growth rate (CAGR) of 9.0%. The expansion in the forecasted period is primarily driven by factors such as climate change, sustainable and precision agriculture, burgeoning markets, and resistance management. Predominant trends during this period encompass technological innovation, embracing digitisation and data analytics, advancements in crop protection, market amalgamation, as well as the rise of organic and non-gmo movements, supplemented by biotechnology and genetic engineering.

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Top Growth Drivers in the Agrochemicals Industry: What's Accelerating the Market?
The escalating worldwide population, with an ensuing surge in demand for food, is predicted to fuel the expansion of the agrochemicals market in the future. Food, which is a substance comprising of proteins, fats, carbohydrates, and other essential nutrients, is used by organisms to promote growth, undertake vital processes, and supply energy. The agrochemicals market's augmentation is directly linked to the steady rise in population and consequently, food demand. For example, the United Nations, a US-based intergovernmental organization, projected in November 2022 that the global population would increase by nearly 2 billion over the next three decades, scaling up from 8 billion currently to 9.7 billion by 2050. Moreover, Intechnopen, a UK-based publisher of books and journals, anticipates that the global demand for food will escalate by 70% by 2050. Consequently, the burgeoning population, coupled with the subsequent increase in food demand, will boost the growth of the home infusion therapy market.

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What Trends Will Shape the Agrochemicals Market Through 2029 and Beyond?
The trend of strategic partnerships and cooperation is gaining popularity in the agrochemical industry. Recognizing this trend, prominent firms in the agrochemical market are leveraging partnerships to fortify their market standing. In a noteworthy instance from May 2024, Aarti Industries Limited, a specialty chemicals company based in India, announced a strategic collaboration with UPL Limited, another Indian agrochemical company. The partnership's core focus is the production and sales of specialty chemical intermediates, particularly amines' downstream derivatives used in the agrochemical and paint sectors. To strengthen India's chemical manufacturing abilities and to support India's goal of becoming self-sufficient in specialty chemicals for international markets, this joint venture is combining the capabilities of both companies.

What Are the Main 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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Which Top Companies are Driving Growth in the Agrochemicals Market?
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

Which Regions Will Dominate the Agrochemicals Market Through 2029?
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

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