Agrochemicals Market Size, Share, Trends & Competitive Analysis By Type (Pesticides, Fertilizers, Plant Growth Regulators, Others) By Application (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses, Others) By Distribution Channel: By End-User: By Regions, and Industry Forecast, Global Report 2023-2030

The global Agrochemicals market size was valued at USD 233.50 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 4.1% during the forecast period, reaching a value of USD 302.60 billion by 2030.

Agrochemicals market research report by Future Data Stats, offers a comprehensive view of the market's historical data from 2018 to 2021, capturing trends, growth patterns, and key drivers. It establishes 2022 as the base year, analyzing the market landscape, consumer behavior, competition, and regulations. Additionally, the report presents a well-researched forecast period from 2023 to 2030, leveraging data analysis techniques to project the market's growth trajectory, emerging opportunities, and anticipated challenges.


Agrochemicals, often referred to as agricultural chemicals, are a category of chemical substances used in farming and agriculture to enhance crop production, protect plants from pests and diseases, and improve overall agricultural efficiency. These chemicals encompass a wide range of products, including fertilizers, pesticides, herbicides, and growth regulators. Agrochemicals play a vital role in modern agriculture by helping farmers optimize their yields, reduce crop losses, and ensure food security for a growing global population. However, their usage is also subject to stringent regulations and environmental concerns due to potential adverse effects on soil, water, and ecosystems, making sustainable and responsible agrochemical practices a critical focus in the agricultural industry.


The key drivers propelling the industry forward is the ever-growing global population. With more mouths to feed, there is an increased demand for higher agricultural productivity, and agrochemicals have emerged as essential tools to achieve this goal. Moreover, the need to combat pests, diseases, and weeds that threaten crop yields continues to fuel the demand for pesticides and herbicides. Furthermore, the adoption of precision farming practices, which optimize the use of agrochemicals, has gained prominence as a sustainable approach, addressing environmental concerns and contributing to market growth.

However, alongside these drivers, the agrochemicals market faces significant restraints and challenges. Environmental and health concerns related to the use of certain chemicals have led to regulatory scrutiny and restrictions, impacting product development and market access. Additionally, increasing awareness among consumers about the potential harmful effects of synthetic agrochemicals has stimulated interest in organic and bio-based alternatives, diverting market share from conventional products.



Fertilizers, as one of the primary components of modern agriculture, have a significant influence on crop productivity. They provide essential nutrients to plants, enhancing their growth and yield. Nitrogen, phosphorus, and potassium-based fertilizers are among the most widely used, addressing nutrient deficiencies in soils and promoting sustainable farming practices. This dominance of fertilizers in the agrochemicals market is driven by the essential role they play in ensuring global food security.

Pesticides represent another major category within the agrochemicals sector. These chemical formulations are designed to protect crops from pests, diseases, and weeds, safeguarding yield and quality. Insecticides, herbicides, and fungicides are among the various types of pesticides used in agriculture. Their dominance in the market is a response to the ongoing need to mitigate losses caused by pests and diseases, ensuring consistent and stable food production. However, it's important to note that concerns about the environmental impact and human health effects of certain pesticides have led to increased scrutiny and the development of more sustainable alternatives.

Plant Growth Regulators and Soil Conditioners are also influential factors in the agrochemicals market. Plant Growth Regulators, including hormones and compounds that regulate plant development, are used to enhance crop quality and yield. These products are instrumental in optimizing plant growth processes, such as flowering and fruiting, to maximize agricultural productivity. Soil Conditioners, on the other hand, focus on improving soil structure and fertility. They play a crucial role in enhancing soil water retention and nutrient availability, making them invaluable for sustainable and efficient farming practices.


Farmers rely heavily on agrochemicals to safeguard their crops from pests, diseases, and weeds. This segment accounts for a significant share of the market due to the ever-present need to protect crop yields and ensure food security.

Oilseeds & pulses form another critical application category within the agrochemicals market. These crops are vital sources of vegetable oils and proteins, essential components of the global food supply chain. Agrochemicals play a pivotal role in enhancing the productivity and quality of oilseeds and pulses. This segment's growth is fueled by the rising demand for plant-based protein and vegetable oils, which drives increased cultivation of crops like soybeans, sunflower, and peas.

The agrochemicals market also extends its influence to the production of fruits and vegetables as well as cereals and grains. Fruits and vegetables are essential components of a balanced diet, and the application of agrochemicals ensures a consistent supply of high-quality produce. Meanwhile, cereals and grains, such as wheat, rice, and maize, are staple foods for billions worldwide. Agrochemicals support these crops by improving yields and protecting them from various threats.


These products are classified by their mode of action, with herbicides being one of the primary categories. Herbicides are essential in controlling and managing weeds that compete with crops for resources like water, sunlight, and nutrients. Their widespread usage in modern agriculture underscores their dominance within the agrochemicals market, as they contribute significantly to increasing crop yields and ensuring a consistent food supply.

Insecticides represent another pivotal category in the agrochemicals market, playing a crucial role in pest management. Insects can wreak havoc on crops, causing substantial losses in both quantity and quality. Agrochemicals in the form of insecticides help protect crops from these damaging pests, contributing to higher agricultural productivity. As the demand for high-quality crops continues to rise, the significance of insecticides as a dominant factor in the agrochemicals market remains steadfast.

Fungicides and biopesticides complete the quartet of modes of action in the agrochemicals market. Fungicides are vital for preventing and managing fungal diseases that can decimate crops. They are integral to maintaining crop health and ensuring that harvests are not compromised by fungal pathogens. Biopesticides, on the other hand, represent a more environmentally friendly and sustainable approach to pest management. These products harness natural mechanisms to control pests and diseases, aligning with the growing demand for eco-friendly solutions in agriculture. In combination with herbicides and insecticides, fungicides and biopesticides contribute to a balanced portfolio of agrochemicals that address various agricultural challenges while considering environmental impact and sustainability.


Liquid formulations are widely used and appreciated for their ease of application. They are typically available as solutions, suspensions, or emulsions, allowing for convenient spraying, irrigation, or fertigation. Liquid agrochemicals provide uniform coverage and distribution across crops, enhancing their effectiveness. Moreover, they are versatile and can be blended with other products to create customized solutions tailored to specific agricultural needs. This dominance of liquid formulations in the market is attributed to their practicality and compatibility with various application methods.

On the other hand, solid formulations also play a crucial role in the agrochemicals sector. These formulations are typically in the form of granules, powders, or pellets, making them suitable for specific applications such as seed coating or soil incorporation. Solid agrochemicals have advantages in terms of ease of storage and transportation, as they are less prone to spillage and leakage compared to their liquid counterparts. Additionally, solid formulations often have a longer shelf life, contributing to reduced product wastage. Their dominance in certain segments of the market is a testament to their reliability and effectiveness in targeted agricultural practices.


Grains and cereals are essential staples of global food production, making them a dominant factor in the market. Agrochemicals play a vital role in optimizing the yield and quality of these crops. Farmers rely on fertilizers, pesticides, and other agrochemicals to ensure consistent production, which is crucial for food security. Additionally, the development of innovative agrochemical solutions tailored to the specific needs of grains and cereals continues to drive this segment's dominance in the market.

Fruits and vegetables represent another influential category in the agrochemicals sector. These crops are known for their diversity and susceptibility to pests and diseases. Agrochemicals, including pesticides and plant growth regulators, are extensively used to protect and enhance the yield and quality of fruits and vegetables. The demand for agrochemicals in this segment is driven by consumer preferences for high-quality, visually appealing, and safe produce. As a result, agrochemical companies invest in research and development to create products that cater to the unique requirements of this crop category.

Oilseeds and pulses, including crops like soybeans, peanuts, and lentils, are vital components of global agriculture, contributing to both food and industrial sectors. Agrochemicals play a crucial role in increasing the productivity and oil content of these crops. Farmers rely on fertilizers to optimize nutrient availability and pesticides to protect against pests and diseases. The agrochemical industry's focus on developing tailored solutions for oilseeds and pulses underscores their significance in the market. Lastly, turf and ornamental grasses represent a niche but noteworthy segment in the agrochemicals market. These areas require specialized agrochemical products to maintain aesthetics and health. The demand for such products, including fertilizers and herbicides, stems from landscaping, sports fields, golf courses, and other recreational and ornamental purposes.


Agriculture stands as the most prominent segment, where agrochemicals play a pivotal role in modern farming practices. Farmers rely on these chemicals to enhance crop yields, protect against pests and diseases, and optimize their agricultural operations. With the ever-growing global population, the demand for increased agricultural productivity makes the agriculture sector a dominant force in the agrochemicals market.

Another significant end-use category within the agrochemicals market is forestry. Forestry operations depend on agrochemicals for various purposes, including tree health maintenance, pest control, and timber production. Agrochemicals aid in the sustainable management of forest resources and contribute to the economic viability of the forestry industry. As sustainable forestry practices gain importance, the use of agrochemicals in this sector is expected to remain a key factor in the market's growth.

The industrial sector represents a distinct yet essential end-use segment within the agrochemicals market. Industries utilize agrochemicals for various purposes, including maintenance of landscapes, weed control on industrial sites, and the protection of ornamental plants. While it may be a smaller portion of the market compared to agriculture and forestry, the industrial sector's demand for agrochemicals underscores their versatility and adaptability across diverse applications. As industries focus more on environmental sustainability, the use of eco-friendly agrochemicals in this sector may gain further prominence.


North America, for instance, represents a substantial market for agrochemicals, driven by its large-scale commercial agriculture and the adoption of advanced farming practices. The region's focus on crop protection, sustainable agriculture, and technological innovation plays a significant role in shaping the agrochemicals market. Additionally, stringent regulations and growing environmental concerns in North America have spurred the development and use of eco-friendly agrochemicals.

In contrast, Europe exhibits a well-regulated and environmentally conscious agrochemicals market. The region places a strong emphasis on sustainable agriculture and the reduction of chemical residues in food products. As a result, there is a growing demand for biopesticides and organic alternatives in European agriculture. Strict regulatory frameworks influence the types and quantities of agrochemicals used, making Europe a unique market that encourages innovation in environmentally friendly agricultural solutions.


While agriculture was deemed an essential sector, disruptions in supply chains, labor shortages, and logistical challenges created hurdles in the production and distribution of agrochemical products. Farmers faced uncertainty, affecting their purchasing patterns and leading to fluctuations in demand. Additionally, economic uncertainties prompted some farmers to reduce their agrochemical inputs, impacting sales. On the positive side, the crisis highlighted the importance of food security and sustainable agricultural practices, driving investments in innovative agrochemical solutions. Companies also accelerated digitalization efforts to enhance remote support for farmers.


Mergers & Acquisitions

  • Bayer's acquisition of Monsanto (2018): The largest agrochemical acquisition in history, creating a company with a combined market share of over 25%.
  • DowDuPont's merger to form Corteva Agriscience (2019): Created the world's largest pure-play agriculture company, with a focus on crop protection, seeds, and digital technology.
  • Syngenta's acquisition of ChemChina (2017): Created the world's largest agricultural company by sales.
  • BASF's acquisition of Bayer's vegetable seeds and herbicide businesses (2020): Reinforced BASF's position as a leading provider of crop protection solutions.
  • FMC Corporation's acquisition of DuPont's Nutrition & Biosciences business (2017): Created one of the world's leading providers of crop nutrition and biological solutions.

New Product Launches

  • FMC's launch of the new insecticide Rycar (2023): Rycar is a broad-spectrum insecticide that is effective against a wide range of pests, including aphids, whiteflies, and thrips.
  • Bayer's launch of the new herbicide XtendiMax Ultra (2022): XtendiMax Ultra is a dicamba-based herbicide that is designed to be used with Bayer's XtendFlex soybeans and Xtend cotton varieties.
  • Corteva Agriscience's launch of the new fungicide Inatreq (2022): Inatreq is a broad-spectrum fungicide that is effective against a wide range of fungal diseases, including soybeans rust and corn smut.
  • BASF's launch of the new herbicide Engenia (2022): Engenia is a dicamba-based herbicide that is designed to be used with BASF's Enlist E3 soybeans and Enlist cotton varieties.
  • Syngenta's launch of the new insecticide Broflanilide (2022): Broflanilide is a broad-spectrum insecticide that is effective against a wide range of pests, including aphids, whiteflies, and thrips.


  • Bayer Crop Science
  • Syngenta Group
  • Corteva Agriscience
  • FMC Corporation
  • ADAMA Agricultural Solutions
  • UPL Limited
  • Sumitomo Chemical Co., Ltd.
  • Nufarm Limited
  • The Dow Chemical Company
  • DuPont de Nemours, Inc.
  • Monsanto Company
  • Agrium Inc.
  • Yara International ASA
  • ICL Group
  • Mosaic Company
  • Platform Specialty Products Corporation
  • Lonza Group
  • Mitsui Chemicals, Inc.
  • ChemChina
  • Arysta LifeScience Corporation
  • Sinochem Group
  • Indian Farmers Fertiliser Cooperative Limited (IFFCO)
  • Nutrien Ltd.
  • Wilbur-Ellis Holdings, Inc.
  • others

Table of Contents

  1. Executive Summary

    • Key Highlights
    • Market Overview
  2. Introduction

    • Market Definition
    • Scope and Segmentation
  3. Market Research Methodology

    • Data Collection
    • Data Analysis
    • Research Sources
  4. Market Dynamics

    • Drivers
    • Restraints
    • Opportunities
    • Challenges
  5. Market Trends

    • Sustainable Agrochemicals
    • Digital Agriculture
    • Biotechnology in Agrochemicals
  6. Global Agrochemicals Market

    • Market Size and Forecast
    • Regional Analysis
    • Market Share Analysis
  7. Product Segmentation

    • Pesticides
    • Fertilizers
    • Plant Growth Regulators
    • Others
  8. Crop Type Analysis

    • Cereals & Grains
    • Fruits & Vegetables
    • Oilseeds & Pulses
    • Others
  9. Distribution Channel

    • Direct Sales
    • Retail Sales
    • Online Sales
  10. End-User Analysis

    • Farmers
    • Agricultural Cooperatives
    • Agrochemical Companies
  11. Regulatory Framework

    • Environmental Regulations
    • Safety Standards
  12. Competitive Landscape

    • Market Share Analysis
    • Company Profiles
  13. Market Opportunities in Emerging Regions

    • Asia-Pacific
    • Latin America
    • Africa
  14. Case Studies

    • Successful Agrochemical Initiatives
  15. Future Outlook

    • Market Projections
    • Emerging Trends
  16. Appendix

    • Glossary
    • List of Abbreviations
  17. References

Agrochemicals Market Segmentation

By Type:

  • Pesticides
  • Fertilizers
  • Plant Growth Regulators
  • Others

By Application:

  • Cereals & Grains
  • Fruits & Vegetables
  • Oilseeds & Pulses
  • Others

By Distribution Channel:

  • Direct Sales
  • Retail Sales
  • Online Sales

By End-User:

  • Farmers
  • Agricultural Cooperatives
  • Agrochemical Companies


By Geography:

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

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With this strong methodology, Future Data Stats ensures that its research and analysis is most reliable and guarantees sound business planning.

The research methodology of the global market involves extensive primary and secondary research. Primary research includes about 24 hours of interviews and discussions with a wide range of stakeholders that include upstream and downstream participants. Primary research typically is a bulk of our research efforts, coherently supported by extensive secondary research. Over 3000 product literature, industry releases, annual reports, and other such documents of key industry participants have been reviewed to obtain a better market understanding and gain enhanced competitive intelligence. In addition, authentic industry journals, trade associations’ releases, and government websites have also been reviewed to generate high-value industry insights.

Primary Research:

Primary Research


Desk Research


Company Analysis


•       Identify key opinion leaders

•       Questionnaire design

•       In-depth Interviews

•       Coverage across the value chain


•       Company Website

•       Company Annual Reports

•       Paid Databases

•       Financial Reports


•       Market Participants

•       Key Strengths

•       Product Portfolio

•       Mapping as per Value Chain

•       Key focus segment


Primary research efforts include reaching out to participants through emails, telephonic conversations, referrals, and professional corporate relations with various companies that make way for greater flexibility in reaching out to industry participants and commentators for interviews and discussions.

The aforementioned helps to:

  • Validate and improve data quality and strengthen the research proceeds
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  • Supply authentic information about the market size, share, growth, and forecasts

The primary research interview and discussion panels comprise experienced industry personnel.

These participants include, but are not limited to:

  • Chief executives and VPs of leading corporations specific to an industry
  • Product and sales managers or country heads; channel partners & top-level distributors; banking, investments, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research:

A broad array of industry sources for the secondary research typically includes, but is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor  presentations for a competitive scenario and shape of the industry
  • Patent and regulatory databases to understand technical & legal developments
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  • Regional government and statistical databases for macro analysis
  • Authentic news articles, web-casts, and other related releases to evaluate the market
  • Internal and external proprietary databases, key market indicators, and relevant press releases for  market estimates and forecasts



•       Top executives of end-use industries

•       C-level executives of the leading Parenteral Nutrition companies

•       Sales manager and regional sales manager of the Parenteral Nutrition companies

•       Industry Consultants

•       Distributors/Suppliers


•       Annual Reports

•       Presentations

•       Company Websites

•       Press Releases

•       News Articles

•       Government Agencies’ Publications

•       Industry Publications

•       Paid Databases


Analyst Tools and Models:



·         Arriving at
Global Market Size

·         Arriving at
Market Size

·         Market Share
of Key Players

·         Key Market Players

·         Key Market Players

·         Market Share
of Key Players

·         Arriving at
Market Size

·         Arriving at
Global Market Size


Agrochemicals Market Dynamic Factors


  • Growing global population increasing the demand for food production.
  • Advancements in agrochemical technologies leading to higher crop yields.
  • Increasing adoption of precision agriculture practices.
  • Expansion of organic farming creating opportunities for bio-based agrochemicals.
  • Government support and subsidies for the agricultural sector.


  • Environmental concerns related to pesticide and fertilizer usage.
  • Regulatory restrictions on certain agrochemicals.
  • Resistance developed by pests and weeds against chemicals.
  • Fluctuations in commodity prices affecting farmer's budgets.
  • High production costs associated with some agrochemical products.


  • Shift towards sustainable and eco-friendly agrochemicals.
  • Emerging markets in developing countries offering growth prospects.
  • Increasing awareness about the benefits of integrated pest management.
  • Investment in research and development for innovative agrochemical solutions.
  • Partnerships between agrochemical companies and agriculture technology firms.


  • Climate change and its unpredictable impact on agriculture.
  • Competition among agrochemical manufacturers.
  • Farmer education and adoption of modern agrochemical practices.
  • Global supply chain disruptions affecting agrochemical distribution.
  • Adherence to stringent safety and environmental regulations.

Frequently Asked Questions

The global Agrochemicals market size was valued at USD 233.50 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 4.1% during the forecast period, reaching a value of USD 302.60 billion by 2030.

Key factors driving agrochemical market growth include increasing global population, rising food demand, advancements in agricultural technology, and the need for higher crop yields. Additionally, the market is influenced by environmental concerns, regulations, and the adoption of sustainable farming practices.

Current trends include a shift towards bio-based and organic agrochemicals, precision farming techniques, and digital innovations in agriculture. Advancements also focus on developing environmentally friendly formulations and the integration of biotechnology for crop improvement.

Dominance in the agrochemicals market varies, but traditionally, regions like North America, Europe, and Asia-Pacific have been significant players. Emerging economies with large agricultural sectors, like India and China, are also expected to have a substantial impact on market dynamics.

Major challenges include regulatory scrutiny, environmental concerns, and increasing awareness of the potential harmful effects of synthetic agrochemicals. Opportunities lie in biotechnology advancements, emerging markets, and sustainable agriculture practices.
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