Agrochemical Market
Agrochemical Market Study by Fertilizers and Pesticides for Cereals, Pulses & Oilseeds, Fruits & Vegetables, and Lawns & Turfs from 2024 to 2034
Analysis of Agrochemical Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Agrochemical Market Outlook (2024 to 2034)
As revealed in a newly published industry report by Fact.MR, the global agrochemical market is projected to be valued at US$ 269.3 billion in 2024. Worldwide revenue from the sales of agrichemicals has been forecasted to increase at a CAGR of 5.1% and climb to US$ 442.9 billion by the end of 2034.
Increasing large-scale commercial farming operations and shifting dietary preferences are positively influencing demand for agrochemicals. Growing consumption of vegetables and fruits and the increasing popularity of ornamental plants and fruits are driving global market growth. Agrochemicals are used for enhancing crop production and protecting plants from weeds, diseases, and pests.
Agrochemicals play a vital role in modern farming practices while ensuring crop quality and promoting higher yields. They encompass several products, such as pesticides, fertilizers, fungicides, and herbicides. They are developed for optimizing agricultural output and addressing challenges, which are otherwise posed by the environment and pests. They assist in managing the growth and development of plants, which allows farmers to schedule harvests and ensure the produce reaches the appropriate time in the agrochemical market.
Several initiatives are taken by governing agencies in the form of incentives and subsidies for encouraging the adoption of agrichemicals for improving yields. Furthermore, the growing consumption of healthy food products is catalyzing demand for eco-friendly agrochemicals, thereby supporting particular requirements of the crops generally consumed around the world.
- Global sales of fertilizers are projected to rise at a CAGR of 6% and reach US$ 131.1 billion by the end of 2034.
- East Asia is evaluated to account for a 38.4% share of the global market by 2034.
- The market in South Korea is forecasted to expand at a CAGR of 3.2% from 2024 to 2034.
- Demand for agrichemicals in Canada is analyzed to increase at a CAGR of 6.8% through 2034.
| Report Attribute | Detail |
|---|---|
| Agrochemical Market Size (2024E) | US$ 269.3 billion |
| Forecasted Market Value (2034F) | US$ 442.9 billion |
| Global Market Growth Rate (2024 to 2034) | 5.1% CAGR |
| Market Share of Pesticides (2034F) | 49.6% |
| North America Market Share (2034F) | 29.1% |
| Japan Market Growth Rate (2024 to 2034) | 6% CAGR |
| Key Companies Profiled | BASF SE; Nutrien Ltd.; Bayer AG; YARA International ASA; Israel Chemicals Ltd.; The Mosaic Company; PhosAgro; Fengro Industries Corp.; DowDuPont Inc.; Fertilizates Heringer S.A.; Syngenta AG; Saudi Arabia Fertilizer Company; FMC Corporation; OCI N.V.; WinHarvest Pty Ltd.; Nufarm Ltd.; The Archer-Daniels-Midland Company. |
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Why Has the Need for Agrochemicals Become So Important Worldwide?
“Growing Concerns Related to Food Security”
Increasing global population is boosting demand for food security with growing health concerns. Several agrochemicals, such as pesticides and fertilizers help in boosting crop yields and protecting crops from diseases and pests while ensuring an abundant and steady food supply. They are enabling farmers to produce more food on limited arable land, which is helping in matching the growing requirements for agricultural products. Agrochemicals are becoming indispensable tools in modern agriculture practices, thereby supporting efficient and sustainable farming practices for feeding the increasing global population.
“Increasing Preference for High-yielding Crop Varieties”
There is a growing demand for agricultural products, thereby farmers are looking ways for to optimize their yields. Further, high-yield crop varieties are incorporating essential strategies for matching this goal. These intensive crop varieties are more susceptible to diseases and pests. Agrochemicals, such as fungicides, herbicides, and insecticides play a vital role in protecting high-yield crops from potential threats and ensuring viability and productivity. More farmers are striving for increased profitability and output, which is driving agrochemical market growth.
What are the Hindrances to the Sales Growth of Agrochemicals?
“Implementation of Stringent Regulations for Producing and Marketing Agrochemical Products”
Certain stringent regulations are imposed by government bodies. These regulations are increasing the cost of the development and production of agrochemicals, thereby contributing to higher costs of end products. This results in an adverse impact on the sales of agrochemicals and discouraging innovations in agrochemicals. All these factors are impeding the expansion of the agrochemical market size.
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What Steps Should Start-ups Take to Penetrate This Market Space?
“Need to Focus on Sustainable Agriculture Practices”
Sustainability is becoming a popular practice in agriculture with growing issues related to resource conservation and environmental impact. Agrochemical manufacturers are responding to these requirements by developing bio-based and eco-friendly products. Start-ups need to focus more on developing biostimulants, organic fertilizers, and biopesticides as effective alternatives to traditional agrochemicals thereby promoting sustainable farming practices.
Country-wise Insights
As opined in the newly published analysis by Fact.MR, a market research and competitive intelligence provider, East Asia is projected to hold 38.4% of the global agrichemical market share by the end of 2034. Growing farming activities are driving demand for agrochemicals in the region. In addition, increasing concerns related to the harmful impacts of chemical-based pesticides and growing food security concerns are influencing agrochemical market trends.
Why is the United States Reigning Supreme in North America?
“Investments in Product Innovations and Advanced Technologies”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 58.8 Billion |
| Growth Rate (2024 to 2034) | 5% CAGR |
| Projected Value (2034F) | US$ 96.1 Billion |
The United States is forecasted to occupy 74.6% share of the market in North America by 2034. Technological innovations and the presence of commercial farms in the country are stimulating demand for agrochemicals.
- As per a report published by the United States Department of Agriculture in March 2022, several new pesticides were registered for consumption in crops, such as cotton, corn, and soybeans.
Growing use of genetically modified seeds is further supporting the demand for herbicides. In addition, the presence of some key market players, such as Bayer, BASF, FMC, Syngenta, and Corteva Agriscience is ensuring easy access to newly launched products to more farmers.
What Makes China a Lucrative Market for Producers of Agrochemicals?
“Growing Population Generating Huge Demand for Food Products”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 63.5 Billion |
| Growth Rate (2024 to 2034) | 5.8% CAGR |
| Projected Value (2034F) | US$ 111.7 Billion |
China is analyzed to capture a share of 65.7% of the East Asian market by 2034-end. The growing need for food production with an increasing population is positively impacting the demand for agrochemicals for increasing yield outcomes. In addition, variations in soil type, climate, crop type, and other agricultural factors are positively influencing demand for agrochemicals.
Why are Agrochemical Manufacturers Expanding Their Operations in Japan?
“Incorporation of Sustainable Farming Practices Opening New Doors for Market Players”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 25.5 Billion |
| Growth Rate (2024 to 2034) | 6% CAGR |
| Projected Value (2034F) | US$ 45.6 Billion |
Japan is projected to possess 26.8% of East Asian market revenue share by the end of 2034. There is an increased emphasis on crop yield and protecting them from diseases and pests. Thereby, a surging demand for sustainable agriculture practices along with requirements for reduced need for harmful chemicals are generating opportunities for market players offering sustainable solutions.
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Category-wise Insights
Increased consumption of pesticides is due to their ability to enhance crop productivity and protect crops from diseases, weeds, and pests. Their vital role in improving crop yields, sustaining fiber, and increasing food production are contributing to expanding agrochemical market size.
Which Agrochemical Product is Most Popular among End Users?
“High Use of Pesticides to Ensure Food Security”
| Attribute | Pesticides |
|---|---|
| Segment Value (2024E) | US$ 150.5 Billion |
| Growth Rate (2024 to 2034) | 3.9% CAGR |
| Projected Value (2034F) | US$ 219.7 Billion |
Pesticides are evaluated to account for 49.6% share of the global market by the end of 2034. They are used for protecting crops from diseases, weeds, and pests. Pesticides are further categorized into herbicides, insecticides, and fungicides based on diseases or pests they target. These chemicals are pivotal for ensuring the security of food products by preventing crop losses owing to diseases and pest infestations.
Which Crop Type Accounts for Extensive Usage of Agrochemicals?
“Widespread Use of Agrochemicals in Cereals and Grains”
Cereals and grains hold a noteworthy share of global market revenue. These include wheat, rice, maize, oats, barley, and sorghum. They are prominently produced for their edible seeds, which are served as staple food options for a larger population base. Agrochemicals are used in cereals and grains for enhancing crop yield and quality, which is used in controlling diseases and pests, thereby affecting crop production and ensuring proper nutrient supply.
Competitive Landscape
Key players in the agrochemical industry are entering into mergers, agreements, collaborations, and acquisitions to get a competitive edge. They are also investing in new product launches to offer more advanced solutions to end users.
For instance:
- Corteva Inc., in 2022, came up with Kyro, a new postemergence corn herbicide. It is the first one available in the market for combining active ingredients, such as clopyralid, topramezone, and acetochlor into one premix. This newly developed product combines efficiency modes for controlling about 65 of the most difficult and weed-resistant spices for offering extended residual control.
- Lantmannen and Yara International ASA entered into an agreement in January 2022 to bring fossil-free fertilizers. This collaboration resulted in a commercial contract for green fertilizers, which will be manufactured by Yara and marketed by Lantmannen.
Fact.MR provides detailed information about the price points of leading agrochemical manufacturers positioned across the world, sales growth, production capacity, and speculative technological expansion, in this newly published market report.
Segmentation of Agrochemical Market Research
-
By Product Type :
- Fertilizers
- Nitrogen-based
- Potassium-based
- Phosphorous-based
- Others
- Pesticides
- Insecticides
- Fungicides
- Herbicides
- Bactericides
- Others
- Others
- Soil Conditioners
- Acidifying Agents
- Fertilizers
-
By Usage :
- Cereals
- Pulses & Oilseeds
- Fruits & Vegetables
- Lawns & Turfs
- Others
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- MEA
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 6.1. Product Type
- 6.2. Usage
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product Type
- 7.1. Fertilizers
- 7.2. Pesticides
- 7.3. Others
- 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Usage
- 8.1. Cereals
- 8.2. Pulses & Oilseeds
- 8.3. Fruits & Vegetables
- 8.4. Lawns & Turfs
- 8.5. Others
- 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Western Europe
- 9.4. Eastern Europe
- 9.5. East Asia
- 9.6. South Asia & Pacific
- 9.7. Middle East & Africa
- 10. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 11. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 12. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 13. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 14. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 15. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 16. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 17. Sales Forecast 2024 to 2034 by Product Type, Usage, and Region for 30 Countries
- 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 19. Company Profile
- 19.1. BASF SE
- 19.2. Nutrien Ltd.
- 19.3. Bayer AG
- 19.4. YARA International ASA
- 19.5. Israel Chemicals Ltd.
- 19.6. The Mosaic Company
- 19.7. PhosAgro
- 19.8. Fengro Industries Corp.
- 19.9. DowDuPont Inc.
- 19.10. Fertilizates Heringer S.A.
- 19.11. Syngenta AG
- 19.12. Saudi Arabia Fertilizer Company
- 19.13. FMC Corporation
- 19.14. OCI N.V.
- 19.15. WinHarvest Pty Ltd.
- 19.16. Nufarm Ltd.
- 19.17. The Archer-Daniels-Midland Company
- 20. Assumptions and Acronyms Used
- 21. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Usage, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Usage, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Usage, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 10: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 11: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 12: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Usage, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Usage, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Usage, 2024 to 2034
Table 19: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 20: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 21: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 22: Latin America Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 23: Latin America Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 24: Latin America Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by Usage, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by Usage, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Usage, 2024 to 2034
Table 28: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 29: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 30: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 31: Western Europe Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 32: Western Europe Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 33: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 34: Western Europe Market Value (US$ Mn) Analysis, by Usage, 2019 to 2023
Table 35: Western Europe Market Value (US$ Mn) Analysis, by Usage, 2024 to 2034
Table 36: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Usage, 2024 to 2034
Table 37: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Eastern Europe Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 41: Eastern Europe Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 42: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 43: Eastern Europe Market Value (US$ Mn) Analysis, by Usage, 2019 to 2023
Table 44: Eastern Europe Market Value (US$ Mn) Analysis, by Usage, 2024 to 2034
Table 45: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Usage, 2024 to 2034
Table 46: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 47: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 48: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 49: East Asia Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 50: East Asia Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 52: East Asia Market Value (US$ Mn) Analysis, by Usage, 2019 to 2023
Table 53: East Asia Market Value (US$ Mn) Analysis, by Usage, 2024 to 2034
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by Usage, 2024 to 2034
Table 55: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 56: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 57: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 58: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 59: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 60: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 61: South Asia & Pacific Market Value (US$ Mn) Analysis, by Usage, 2019 to 2023
Table 62: South Asia & Pacific Market Value (US$ Mn) Analysis, by Usage, 2024 to 2034
Table 63: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Usage, 2024 to 2034
Table 64: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 65: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 66: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 67: MEA Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 68: MEA Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 69: MEA Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 70: MEA Market Value (US$ Mn) Analysis, by Usage, 2019 to 2023
Table 71: MEA Market Value (US$ Mn) Analysis, by Usage, 2024 to 2034
Table 72: MEA Market Value (US$ Mn) Opportunity Analysis, by Usage, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Usage, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Usage, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Usage, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 14: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 15: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 16: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 17: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 18: North America Market Share Analysis by Country, 2024 & 2034
Figure 19: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 20: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 21: North America Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by Usage, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by Usage, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Usage, 2024 to 2034
Figure 27: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 28: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 29: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 30: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 31: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 32: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 33: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 34: Latin America Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 35: Latin America Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 36: Latin America Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 37: Latin America Market Share and BPS Analysis by Usage, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projections by Usage, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by Usage, 2024 to 2034
Figure 40: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 41: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 42: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 43: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 44: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 45: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 46: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 47: Western Europe Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 48: Western Europe Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 49: Western Europe Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 50: Western Europe Market Share and BPS Analysis by Usage, 2024 & 2034
Figure 51: Western Europe Market Y-o-Y Growth Projections by Usage, 2024 to 2034
Figure 52: Western Europe Market Attractiveness Analysis by Usage, 2024 to 2034
Figure 53: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 54: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 55: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 56: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 57: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 58: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 59: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 60: Eastern Europe Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 61: Eastern Europe Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 62: Eastern Europe Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 63: Eastern Europe Market Share and BPS Analysis by Usage, 2024 & 2034
Figure 64: Eastern Europe Market Y-o-Y Growth Projections by Usage, 2024 to 2034
Figure 65: Eastern Europe Market Attractiveness Analysis by Usage, 2024 to 2034
Figure 66: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 70: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 71: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: East Asia Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 74: East Asia Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 75: East Asia Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 76: East Asia Market Share and BPS Analysis by Usage, 2024 & 2034
Figure 77: East Asia Market Y-o-Y Growth Projections by Usage, 2024 to 2034
Figure 78: East Asia Market Attractiveness Analysis by Usage, 2024 to 2034
Figure 79: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 80: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 81: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 82: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 83: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 84: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 85: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 86: South Asia & Pacific Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 87: South Asia & Pacific Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 88: South Asia & Pacific Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 89: South Asia & Pacific Market Share and BPS Analysis by Usage, 2024 & 2034
Figure 90: South Asia & Pacific Market Y-o-Y Growth Projections by Usage, 2024 to 2034
Figure 91: South Asia & Pacific Market Attractiveness Analysis by Usage, 2024 to 2034
Figure 92: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 93: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 94: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 95: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 96: MEA Market Share Analysis by Country, 2024 & 2034
Figure 97: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 98: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 99: MEA Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 100: MEA Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 101: MEA Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 102: MEA Market Share and BPS Analysis by Usage, 2024 & 2034
Figure 103: MEA Market Y-o-Y Growth Projections by Usage, 2024 to 2034
Figure 104: MEA Market Attractiveness Analysis by Usage, 2024 to 2034
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Competitive landscape highlights only certain players
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- FAQs -
How big is the agrochemical market in 2024?
The global agrochemical market is estimated at US$ 269.3 billion in 2024.
What are the sales projections for agrochemicals by 2034?
Worldwide sales of agrochemicals are forecasted to reach US$ 442.9 billion by the end of 2034.
At what rate is the market for agrochemicals projected to expand?
The global market is evaluated to expand at a CAGR of 5.1% from 2024 to 2034.
What is the contribution of East Asia to global market revenue?
East Asia is forecasted to hold 38.4% of the global market share by the end of 2034.
At what rate is the demand for agrochemicals evaluated to increase in Japan?
Demand for agrochemicals in Japan is forecasted to increase at 6% CAGR through 2034.
How much share of the global market are pesticides projected to account for?
Pesticides are expected to hold 49.6% share of global market revenue by 2034.
Who are some of the leading manufacturers of agrochemicals?
BASF SE, Nutrien Ltd., Bayer AG, YARA International ASA, and Israel Chemicals Ltd. are some of the key market players.
What are the benefits of agrochemicals?
Agrochemicals enable farmers to increase their crop production per acre for a longer duration with minimal adverse impacts on the environment.
Agrochemical Market