Agrochemicals Market Summary

The global agrochemicals market size was valued at USD 271.42 billion in 2023 and is projected to reach USD 390.17 billion by 2030, growing at a CAGR of 5.4% from 2024 to 2030. This steady expansion reflects the increasing reliance on chemical inputs to enhance crop yield, improve soil fertility, and support large-scale agricultural production across the world.

This growth is attributable to growing demand for fertilizers and crop protection products globally. Rising pressure to increase agricultural output, coupled with the need to maintain crop quality and minimize losses, is encouraging farmers to adopt agrochemical solutions to sustain productivity.

Moreover, rising adoption of precision farming methods along with shrinking agricultural land and increasing demand for food to cater the rising population are further expected to bolster the market growth in the coming years. Advanced farming practices rely on targeted application of agrochemicals to improve efficiency, reduce waste, and optimize resource utilization.

Agrochemicals, also known as crop protection chemicals, are developed to safeguard crops from insects, diseases, and weeds. These chemical agents, such as fungicides and insecticides, are utilized to manage organisms that can harm crops, including fungi, nematodes, mites, insects, rodents, and viruses. The use of agrochemicals has become essential for successful crop cultivation, and they play a significant role in modern agriculture by ensuring stable yields and food supply.

Key Market Trends & Insights

• The Asia Pacific agrochemicals market held a substantial share of 51.98% of revenue in 2023. This dominance is supported by extensive agricultural activities, high population density, and strong demand for food production across major farming economies in the region.
• The presence of agrochemical manufacturers in the U.S. has a significant impact on the market by reducing dependency on other countries for agrochemical imports. Domestic production capabilities enhance supply chain stability and support innovation in product development.
• In terms of products, the fertilizers segment dominated the market with a revenue share of 76.98% in 2023. High usage of fertilizers to replenish soil nutrients and improve crop yield continues to drive segment leadership.
• In terms of application, the cereal & grains segment held a lion's share of 47.02% in 2023. Large-scale cultivation and staple food demand are key factors supporting this segment.

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Market Size & Forecast

• 2023 Market Size: USD 271.42 Billion
• 2030 Projected Market Size: USD 390.17 Billion
• CAGR (2024-2030): 4.7%
• Asia Pacific: Largest market in 2023

Key Companies & Market Share Insights

The global agrochemicals market is moderately fragmented with several tier-1 and tier-2 players, such as Clariant AG, Royal Dutch Shell plc, SABIC, Yara International, Solvay, Merck KGaA, and Adjuvants Plus Inc. The players face intense competition from each other and regional players, who have strong distribution networks and good knowledge of suppliers and regulations.

• Clariant AG was formed in 1995 and is headquartered in Muttenz, Switzerland. Clariant has five business units including oil and mining services, industrial & consumer specialties, functional minerals, catalysts, and additives. These units are reported in three business areas catalysis, care chemicals, and natural resources. The company offers agricultural adjuvants under industrial & consumer specialties.
• Solvay was established in 1863 and is headquartered in Brussels, Belgium. Solvay has a global presence in 64 countries, with major markets in Asia Pacific, Europe, and North America. The company specializes in chemicals, materials, and solutions, offering its products to various industries including automotive, healthcare, and water treatment. Solvay is committed to developing safer, cleaner, and sustainable solutions. Within its crop protection product line, Solvay offers agricultural adjuvants, including bioactivator adjuvants and tank-mix adjuvants.

Helena Agri-Enterprises, LLC, Land O’ Lakes, Inc., Stepan Company, and Ingevity are some of the emerging market participants in the global agrochemicals market.

• Helena Agri-Enterprises, LLC was established in 1957 and is headquartered in Collierville, U.S. The company offers agronomic solutions. It manufactures and sells products that improve agricultural productivity for higher returns to the growers. Its product portfolio includes fertilizers, adjuvants, seed treatments, and crop enhancement products. It also provides financial services and precision
• Land O’ Lakes Inc. was founded in 1921 and is headquartered in Saint Paul, U.S. The company's diverse business lines include agrochemicals, dairy foods, feed, and other products. After merging with United Suppliers in 2016, a new brand, WinField United, was established to consolidate the crop protection products and seed business. WinField United, under Land O' Lakes, offers a variety of agricultural products such as adjuvants, herbicides, fungicides, insecticides, and plant growth regulators.

Key Players

• Royal Dutch Shell plc
• OCP Group
• SABIC
• PhosAgro
• Yara International
• Rashtriya Chemical Fertilizer Ltd.
• Adjuvants Plus Inc.
• Merck KGaA
• Praxair Technology, Inc.
• Southern Agricultural Insecticides, Inc.
• NCP Chlorchem (Pty) Ltd
• Ineos Group Ltd
• Royal Dutch Shell plc
• Graham Chemical Corporation
• Evonik Industries
• Cargill Incorporated
• Targray Technology International Inc

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Conclusion

The agrochemicals market is poised for sustained growth driven by rising food demand, limited arable land, and increasing adoption of advanced farming techniques. Fertilizers and crop protection products remain essential to maintaining agricultural productivity and food security. Strong regional performance in Asia Pacific highlights intensive farming practices, while domestic manufacturing in the U.S. strengthens supply resilience. Dominance of cereals and grains underscores the importance of staple crops. Overall, continuous innovation, efficient resource use, and sustainable practices will shape the long-term growth of the global agrochemicals market.