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June 2025
The global agrochemicals market size accounted for USD 285.36 billion in 2024 and is predicted to increase from USD 300.91 billion in 2025 to approximately USD 485.13 billion by 2034, expanding at a CAGR of 5.45% from 2025 to 2034.The growing food demand, changing dietary preferences, and growing production of crops drive the market growth.
Agrochemical is a chemical used in agricultural practices to protect crops from pests & diseases. They help to improve the quality of crops and enhance crop yields. They consist of various types, like fertilizers, crop protection chemicals, plant growth regulators, and many more. Fertilizers offer essential nutrients to the soil and help in the growth of the plants, which include potassium, nitrogen, and phosphorus fertilizers.
Crop protection chemicals prevent damage to crops caused due to diseases, pests, & weeds, which include pesticides, fungicides, insecticides, and herbicides. Plant growth regulators focus on the development of plant growth, like promoting flowering, including gibberellins & ethylene.
Agrochemicals reduce crop losses and ensure food security. The growing population and rising demand for food globally increase demand for agrochemicals. The growing adoption of precision agriculture techniques helps in the market growth. The growing demand for increasing crop productivity fuels the adoption of agrochemicals. Factors like limited arable land, growing food security demand, rising intensive agriculture practices, technological advancements in agriculture, and growing awareness about the benefits of agrochemicals contribute to the overall growth of the market.
The rapid growth in population in various regions and rising demand for food increases demand for higher crop yields, fueling the adoption of various agrochemicals. The growing food demand puts pressure on agricultural infrastructure, which increases demand for agrochemicals for better crop yields. The farmers are giving preference to agrochemicals to meet the growing demand for food. The strong focus on maximizing agricultural yields increases demand for agrochemicals to protect crops and enhance the fertility of soil. The growing demand for cereals, vegetables, fruits, legumes, and many other food products increases the adoption of agrochemicals to enhance the lifespan and nutritional quality. The growing population increases the demand for food security. The growing population and the shrinkage of arable lands increase demand for agrochemicals to enhance agricultural yields. The growing population and rising food demand are key drivers for the agrochemicals market growth.
| Report Attributes | Details |
| Market Size in 2025 | USD 300.91 Billion |
| Expected Size by 2034 | USD 485.13 Billion |
| Growth Rate from 2025 to 2034 | CAGR 5.45% |
| Base Year of Estimation | 2024 |
| Forecast Period | 2025 - 2034 |
| Dominant Region | Asia Pacific |
| Segment Covered | By Product, By Application, By Region |
| Key Companies Profiled | OCP Group, Phos Agro, Rashtriya Chemical Fertilizer Ltd., Royal Dutch Shell plc, SABIC, Yara International, Adjuvants Plus Inc., Praxair Technology Inc., NCP Chlorchem (Pty) Ltd, Merck KGaA, Southern Agricultural Insecticides, Inc., Ineos Group Ltd, Graham Chemical Corporation, Cargill Incorporated, Evonik Industries, Targray Technology International Inc |
Increasing Demand for Bio-Based Agrochemicals
The growing environmental concerns and growing focus on sustainability increase demand for bio-based agrochemicals. The growing adoption of bio-based agrochemicals in agriculture encourages manufacturers to develop sustainable agrochemicals. The growing focus on lowering environmental damage is fueling demand for bio-based agrochemicals. The growing consumer demand for sustainable food increases the adoption of bio-based agrochemicals. The growing focus on organic farming and rising climate change problems increases demand for bio-based agrochemicals.
These chemicals are derived from biomass and lower carbon footprint. The focus on eco-friendly agricultural practices fuels demand for agrochemicals. The growing development of bio-pesticides, bio-fungicides, and bio-fertilizers helps in the market growth. The growing demand for bio-based chemicals creates an opportunity for the growth of the agrochemicals market.
High Cost of Raw Materials Limits the Adoption of Agrochemicals
Despite several advantages of agrochemicals in farming, the high cost of raw materials restricts the market growth. Factors like reliance on specific raw materials, fluctuations in crude oil costs, and supply chain disruptions are responsible for the high cost. The crude oil originated from raw materials like yellow, bromine, chlorine, and phosphorus required for the production of agrochemicals.
The fluctuating prices of crude oil affect the raw material costs. The supply chain disruptions due to factors like trade restrictions, transportation costs, and port congestion impact the raw materials cost. The growing dependence on key producers increases the raw materials cost. Factors like environmental regulations and political instability also increase the costs. High cost of raw materials hampers the growth of the agrochemicals market.
Why did Asia Pacific Dominate the Agrochemicals Market?
The Asia Pacific agrochemicals market is expected to increase from USD 159.81 billion in 2025 to USD 257.90 billion by 2034, growing at a CAGR of 5.46% throughout the forecast period from 2025 to 2034. Asia Pacific dominated the agrochemicals market in 2024. The growing food demand and the presence of a large population increase demand for agrochemicals to improve crop yields. The well-established agricultural landscape and growing production of various crops help in the market growth. The growing adoption of modern farming techniques increases demand for agrochemicals for the efficient production of crop yields. The rising intensive farming cultures like monocultures increase risks of pests & diseases, fueling demand for agrochemicals.
The government's investment in agriculture and focus on sustainable farming practices drive the market growth. The growing focus on local production of agrochemicals in the region helps market growth. The presence of key players like Syngenta, Bayer, Corteva, DuPont, and BASF supports the overall growth of the market.
A Growing Population Surges Demand for Agrochemicals in China
China is a key player in the agrochemicals market. The large-scale agricultural production increases demand for agrochemicals like crop protection chemicals & fertilizers. The growing population and rising demand for food help in the market growth. The strong government support for the production of pesticides drives the market growth. The growing production of agrochemicals like fertilizers, herbicides, & pesticides, and increasing export of phosphate fertilizers, herbicides, and fungicides contribute to the overall market growth.
How is India Growing in the Agrochemicals Market?
India is rapidly growing in the agrochemicals market. The rapid growth in the population and the continuously growing demand for food increases demand for agricultural production, fueling demand for agrochemicals. The strong government support for farmers and sustainable agriculture helps market growth. The rising adoption of modern agricultural techniques like precision farming increases demand for agrochemicals. The growing demand for higher quality foods and Indian companies' strong investment in new production facilities of agrochemicals drive the overall growth of the market.
Which Region is Fastest-Growing in the Agrochemicals Market in 2024?
Europe is experiencing the fastest growth in the market during the forecast period. Strong presence of the agricultural sector in countries like the UK, Germany, and France increases demand for agrochemicals. The growing export of agrochemicals in the region helps in the market growth. The strong focus on sustainable agricultural practices increases demand for organic herbicides, biopesticides, and biofertilizers.
The growing agricultural productivity in Eastern Europe and the adoption of precision farming fuel demand for agrochemicals. The growing demand for insecticides, herbicides, and fungicides drives the market growth. The stringent regulatory frameworks, like the Farm to Fork Strategy and the Green Deal, increase demand for sustainable agrochemicals. The presence of major companies like BASF and Bayer CropScience supports the overall growth of the market.
Germany Agrochemicals Market Trends
Germany is a significant player in the agrochemicals market. The well-established agricultural sector and growing adoption of advanced farming technologies like precision farming increase demand for agrochemicals. The growing focus on sustainable agricultural practices increases demand for low-risk or bio-based agrochemicals.
The growing innovation and development of agrochemical solutions help in the market growth. The growing demand for crop protection solutions in the country helps the market growth. Additionally, the growing innovation, production, and distribution of agrochemicals drive the overall growth of the market.
How did the Fertilizers Segment Hold the Largest Share of the Agrochemicals Market?
The fertilizers segment led the agrochemicals market in 2024. The growing demand for essential nutrients like potassium, nitrogen, and phosphorus in crop production increases demand for agrochemicals. The growing demand for food increases the demand for crop productivity, helping in the market growth. The growing demand for nitrogen fertilizer due to protein synthesis & plant growth helps in the market growth.
Fertilizers are easily available, affordable, and an ideal choice for farmers. The growing demand from diverse crops like cereals, fruits, grains, & vegetables, and growing technological advancements in fertilizers technology help in the market growth. Additionally, growing demand for various fertilizers like phosphorus, micronutrients, and potassium fertilizers drives the overall growth of the market.
The crop protection chemicals are the fastest-growing in the market during the forecast period. The growing demand for maximizing crop yield due to the increasing worldwide population increases demand for crop protection chemicals. The rising demand for food helps in the market growth. The growing food security demand and the presence of limited arable land increase demand for crop protection chemicals.
The growing adoption of precision farming and the development of effective crop protection chemicals help in the market growth. The growing demand for staple crops like maize, wheat, and rice fuels demand for crop protection chemicals. The growing demand for various crop protection chemicals like fungicides, pesticides, insecticides, and herbicides drives the overall growth of the market.
Why did the Cereals & Grains Segment Dominate the Agrochemicals Market?
The cereals & grains segment dominated the agrochemicals market in 2024. The growing demand for cereals & grains like maize, wheat, and rice increases demand for agrochemicals. The growing demand for food production increases demand for the production of cereal & grains. The growing variety of diseases like weeds & pests on cereals & grains helps in the market growth.
The strong government focus on boosting food production propels the production of cereals & grains. The changing dietary preferences, growing cultivation, and consumption of cereals & grains drive the market growth. Additionally, growing consumption of cereal & grains in the Asia Pacific region supports the overall growth of the market.
The fruits & vegetables segment is the fastest-growing in the market during the forecast period. The growing consumption of fruits & vegetables in various regions helps in the market growth. The growing awareness about nutritional benefits and healthier diets increases demand for fruits & vegetables. The growing cultivation of fruits & vegetables increases demand for agrochemicals.
The adoption of intensive farming in the cultivation of fruits & vegetables fuels demand for agrochemicals to enhance yields. The growing export of fruits & vegetables needs agrochemicals for maintaining longer shelf life & and quality during transportation. The growing shift towards high-value crops like fruits & vegetables drives the overall growth of the market.
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June 2025
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