Press release
Global Agrochemicals Market Size to Surpass USD 394.8 Billion by 2033
Asia pacific region is mainly driven by the increasing agricultural activities.
Study Assumption Years
• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Period: 2025-2033
Market Key Takeaways
• Current Market Size: USD 297.7 Billion in 2024
• CAGR: 3.2%
• Forecast Period: 2025-2033
• Asia Pacific dominates with over 43.2% market share in 2024, driven by extensive farming activities.
• Nitrogen fertilizer leads market providing essential nutrients for crop growth and productivity.
• Herbicides dominate pesticide segment offering efficient weed management solutions.
• Cereals and grains hold 47.02% market share requiring extensive agrochemical protection.
• Climate change driving increased pest and disease prevalence requiring enhanced crop protection.
Market Growth Factors
The main reason for the expansion of the global agrochemicals market is the growing concerns regarding the food security due to a rapid increase in population. As the world population is expected to be around 10.3 billion in 2080s, the issue of providing adequate food for all people becomes a significant concern globally. The agrochemicals, such as fertilizers and pesticides, can help tackle the problem since they can raise the crop productivity immensely and also help crops resist pests and diseases. Studies show that the application of agrochemicals globally has increased the agricultural productivity by 30, 50%, which, as a result, allowed farmers to fulfill the increasingly demanded food needs even with the scarcity of the arable land.
The process of urbanization together with the growing of industries lead to a further decrease in the available farmland, which makes the proper employment of agrochemicals a necessity if we want to keep the level of food production constant. High, quality fertilizers and pesticides not only can help crops to withstand the stressors but also can help in the optimal use of resources thus, food production can be sustained in the long run. Changes in agrochemical composition like controlled, release fertilizers and biological pesticides not only help to meet higher crop yields but also are in harmony with the maintenance of environmental sustainability. With the continuous rise in the world demand for agricultural products, the agrochemical market is substantially contributing to the provision of a stable and sufficient food supply whilst at the same time supporting sustainable farming practices globally.
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Agrochemicals Market Segmentation:
Analysis by Fertilizer Type:
• Nitrogen Fertilizer
• Phosphatic Fertilizer
• Potassic Fertilizer
• Others
Analysis by Pesticide Type:
• Fungicides
• Herbicides
• Insecticides
• Others
Analysis by Crop Type:
• Cereals and Grains
• Oilseeds and Pulses
• Fruits and Vegetables
• Others
Regional Insights:
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
Key Players
• BASF SE
• Bayer AG
• Corteva Inc.
• Dow Inc.
• FMC Corporation
• Nufarm Ltd
• Nutrien Ltd
• Syngenta Group
• The Archer-Daniels-Midland Company
• Yara International ASA
Customization Note
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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Email: sales@imarcgroup.com,
Tel No: (D) +91 120 433 0800,
United States: +1-201-971-6302
About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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