The agrochemical market worldwide was provisionally valued approximately 82.85 million U.S. dollars in 2023. This is represents an increase from 2013 where the global agrochemical market was valued at approximately 65.29 million U.S. dollars. Agricultural chemicals and their uses Agricultural chemicals (also known as agrochemicals) are chemical agents that are used to protect crops from harmful things such as disease and pests. Additionally, they are used to improve or increase the growth and fertility of plants. Herbicides are used to kill weeds, fungicides are used to kill fungi, and insecticides are used to kill insects. Although the functions fulfilled by these products are very important, the use of agricultural chemicals such as pesticides is heavily criticized. Long term exposure to pesticides has been linked to diseases such as Parkinson’s, asthma, and leukemia. On an immediate basis, however, the health effects of pesticides include nose and throat irritation. Leading agrochemical companies The leading agrochemical company worldwide in 2020 based on sales was Chinese-owned company Syngenta. Based on market capitalization, Canadian fertilizer company Nutrien (the result of a merger between PotashCorp and Agrium) was one of the world’s leading agrochemical companies as of 2019. Monsanto was previously one of the largest and most well-known agrochemical/biotechnology companies in the world. As of June 2018, Bayer finalized a deal to take Monsanto over.

According to Cognitive Market Research, the global Agricultural Chemicals market size is USD 232154.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.30%from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 92861.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 69646.26 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 53395.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 11607.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of3.7% from 2024 to 2031.
Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD 4643.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.
The Cereals & Grains held the highest Agricultural Chemicals market revenue share in 2024.

Market Dynamics of

Agricultural Chemicals Market

Key Drivers for

Agricultural Chemicals Market

Increasing Global Food Demand: The growing global population is exerting significant pressure on agricultural productivity, which requires increased crop yields. Agricultural chemicals, including fertilizers and pesticides, are essential in enhancing crop production by supplying vital nutrients and safeguarding plants against pests and diseases. This demand is especially pronounced in developing areas where agricultural growth is vital for ensuring food security.

Technological Advancements in Agrochemicals: Innovations in chemical formulations, such as bio-based and eco-friendly agrochemicals, are propelling market expansion. Precision farming methods, including drone-assisted spraying and intelligent sensors, are optimizing the use of chemicals, minimizing waste, and enhancing efficiency. These developments are rendering agrochemicals more effective and sustainable, promoting their adoption among farmers.

Government Subsidies and Support Programs: Numerous governments, particularly in Asia and Latin America, are encouraging the utilization of agrochemicals through subsidies and educational programs aimed at increasing agricultural productivity. Policies focused on modernizing farming techniques and boosting exports are further stimulating market growth. Such initiatives enable small-scale farmers to access high-quality inputs, thereby fostering overall market development.

Key Restraints for

Agricultural Chemicals Market

Stringent Environmental Regulations: Heightened concerns regarding chemical runoff, soil degradation, and water pollution have resulted in more stringent regulations governing the use of agrochemicals. Prohibitions on specific pesticides and fertilizers within the EU and North America are constraining market expansion. Adhering to these regulations raises production expenses, compelling manufacturers to invest in safer, albeit often pricier, alternatives.

Growing Popularity of Organic Farming: The transition towards organic and sustainable agricultural practices is diminishing dependence on synthetic agrochemicals. There is a growing consumer demand for pesticide-free products, encouraging farmers to implement natural alternatives. This movement is particularly pronounced in developed markets, presenting a long-term challenge for traditional agrochemical manufacturers.

Health Risks Associated with Agrochemicals: Extended exposure to pesticides and fertilizers has been associated with health problems among farmers and consumers, resulting in adverse perceptions. Increasing awareness of these health risks is driving regulatory agencies to enforce stricter safety regulations, which could impede market growth. Legal actions and prohibitions on harmful chemicals further obstruct industry development.

Key Trends for

Agricultural Chemicals Market

The Rise of Bio-Based and Organic Agrochemicals: In light of growing environmental concerns, companies are channeling investments into bio-pesticides, bio-fertilizers, and various organic alternatives. These products provide effective management of pests and nutrients while reducing ecological damag...

According to the consulting group Next Move Strategy Consulting, the market volume of agrochemicals worldwide amounted to approximately 275.4 million metric tons in 2021. It is forecast that the global market size of agrochemicals will grow to around 296.6 million metric tons worldwide in the year 2030.

Agrochemicals, also known as agricultural chemicals, encompass all chemicals that are used to manage agricultural processes, such as chemical fertilizers, as well as insecticides, herbicides, nematicides, and fungicides. Hormones, soil conditioners, acidifying and liming agents, and other relevant chemical products are also included.

Agricultural Chemicals Market was valued at USD 243.90 Billion in 2023 and is projected to reach USD 303.31 Billion by 2030, growing at a CAGR of 3.8% during the forecast period 2024-2030.

Global Agricultural Chemicals Market Drivers

Growing World Population: In order to meet the growing demand for food, agricultural output must be raised. Fertilizers and insecticides are examples of agricultural chemicals that are essential to increasing crop yields.

Higher Crop Yields Are Needed: The use of agricultural chemicals is driven by the need for higher crop yields to meet the demands of an expanding population and assure food security. Crop productivity is maximized with the use of fertilizers and plant protection products.

Innovations in Agriculture Technology: Modern agricultural chemicals are adopted with the help of ongoing technological developments, such as precision farming and the application of biotechnology, which increase productivity and lessen environmental effect.

A Transition to Sustainable Agriculture: The use of agricultural chemicals that are biobased and ecologically benign is encouraged by the focus on sustainable agriculture techniques. Biopesticides and organic fertilizers fall under this category.

Increase in Genetically Modified (GM) Crop Adoption: The use of GM crops, which are engineered to be resistant to pests and diseases, has led to a rise in the market for agricultural chemicals, such as herbicides and insecticides specifically formulated for GM crops.

Changing Dynamics of Pests and Climate Patterns: Agriculture has difficulties due to changes in insect dynamics and climate change. Chemicals used in agriculture aid in the control of illnesses, pests, and other environmental elements that affect crop health.

Policies and Assistance from the Government: Farmers are encouraged to embrace modern farming techniques by supportive government regulations, subsidies, and incentives for agricultural practices, including the use of agricultural pesticides. These measures have an impact on market dynamics.

The necessity of effective resource and water management: Water and resource management is made easier by agricultural chemicals like soil conditioners and water-soluble fertilizers, which help with issues like nutrient depletion and water scarcity.

Precision Agriculture's Growth: By combining data-driven decision-making with precision agriculture, it is possible to maximize the influence of agricultural chemicals on crop output through focused and efficient application.

Agriculture's Globalization: The need for agricultural chemicals is driven by the globalization of agriculture and the interconnection of agricultural markets, as farmers strive to achieve international quality standards and increase their competitiveness.

Knowledge of Crop Protection: The market for agricultural chemicals is expanding as farmers become more conscious of the value of crop protection and the financial advantages of utilizing pesticides to reduce yield losses.

This statistic shows the market value of the global agricultural chemicals industry by type (crop vs. non-crop) from 2006 to 2019. In 2019, the global agrochemical market for crop protection was worth some 59.8 billion U.S. dollars.

Agricultural chemicals often refer to a wide range of pesticides, insecticides, herbicides, and fungicides. Many of these chemicals can be toxic and can be a significant risk to both the human population and the environment.

The global fertilizer, pesticide and agricultural chemicals industry has recently faced a volatile market that has been marked by strong fluctuations in price and the mixed performance of the agricultural sector. Towards the beginning of the current period, high fertilizer and pesticide prices, influenced by global conflicts and supply chain disruptions, drove substantial revenue growth. However, as energy and raw material costs have stabilized and crop cash receipts have slumped, prices have declined, draining revenue but still leaving it elevated compared to earlier in the current period. In the US, initiatives to enhance domestic fertilizer production have boosted production and alleviated supply chain challenges but further dropped prices. China has surged as a leading fertilizer exporter, contributing to a saturated global market and falling prices. Despite these pressures, the industry's revenue grew at a CAGR of 0.9%, reaching $411.2 billion after a decline of 0.7% in 2024. While current market conditions present challenges, the industry is seeing many innovations in sustainable product development. Driven by regulatory pressures and increasing demand for eco-friendly solutions, innovations such as green ammonia and efficient fertilizers are reducing the industry's carbon footprint and providing new markets for high-value, high-price offerings. On the supply side, increased potash production from regions like Belarus and Russia has increased global stocks, adding flexibility for suppliers to expand their potential market and aiding farmers but putting pressure on global prices. Sanctions against these regions also limit the number of importers who can benefit from this influx of competitively-priced potash. Looking ahead, climate change and the performance of the agricultural sector are poised to shape the industry's future. Climate challenges, including extreme weather and expanding pest populations, will drive demand for advanced fertilizers and pest control products as farmers struggle to maintain yields without aid from chemical plant nutrients and protections. As crop producers, the primary source of demand for industry manufacturers, continue to struggle against low cash receipts and put off planning future crops in the face of high input costs, fertilizer and pesticide producers will also suffer. Revenue is forecasted to decrease at a CAGR of 0.5%, reaching $401.9 billion by 2029.

Global Pesticide And Other Agricultural Chemicals market size is expected to reach $156.05 billion by 2029 at 8.4%, segmented as by type, herbicides, insecticides, fungicides, other pesticide and other agricultural chemicals

Europe Agricultural Chemicals market size is USD 69646.26 million in 2024 and will expand at a compound annual growth rate (CAGR) of 2.8% from 2024 to 2031.

Uncover Market Research Intellect's latest Pesticide And Other Agricultural Chemicals Market Report, valued at USD 80.5 billion in 2024, expected to rise to USD 105.2 billion by 2033 at a CAGR of 4.0% from 2026 to 2033.

North America Agricultural Chemicals market size is USD 92861.68 million in 2024 and will expand at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.

The report covers Mexican Agro Chemicals Market Research and is Segmented by Type (Fertilizers, Pesticides, Adjuvants, and Plant Growth Regulators) and Application (Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Turf and Ornamentals, and Other Applications). The report offers market sizing and forecasts in value (USD million) for all the above segments.

Get key insights from Market Research Intellect's Agricultural Chemicals Sales Market Report, valued at USD 270 billion in 2024, and forecast to grow to USD 360 billion by 2033, with a CAGR of 4.0% (2026-2033).

South America Agricultural Chemicals market size will be USD 11607.71 million in 2024 and will expand at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

Organic Agricultural Chemicals Market Outlook

The global organic agricultural chemicals market size was valued at approximately USD 9.2 billion in 2023 and is projected to reach USD 18.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 8.1% during the forecast period. This significant market growth is primarily driven by the increasing consumer awareness about the benefits of organic farming and the rising demand for organic food products worldwide. The shift towards sustainable agricultural practices is further fueled by the growing environmental concerns and the detrimental effects of synthetic chemicals on soil health and biodiversity. With the agricultural sector increasingly embracing organic methodologies, the market for organic agricultural chemicals is poised for robust growth.

One of the primary growth factors of this market is the escalating consumer demand for organic produce. As consumers become more health-conscious and environmentally aware, there is a pronounced preference for food products grown without the use of synthetic pesticides and fertilizers. This consumer trend has prompted farmers to adopt organic agricultural chemicals, which are seen as a safer and more sustainable alternative. Additionally, the regulatory environment in many countries is gradually shifting to support organic farming practices, offering incentives and subsidies that encourage farmers to transition away from conventional chemicals. Such supportive policies are expected to further stimulate market growth over the coming years.

Technological advancements and innovations in the formulation of organic agricultural chemicals also play a crucial role in market expansion. The development of more efficient and targeted biopesticides, biofertilizers, and biostimulants has enabled farmers to achieve higher yields and better crop protection, making organic farming more viable and attractive. Furthermore, increased research and development efforts aimed at understanding soil microbiomes and plant interactions are leading to the creation of advanced organic solutions that enhance plant growth and resilience. These innovations are bridging the gap between organic and conventional farming yields, thereby encouraging a larger adoption of organic agricultural chemicals.

Moreover, the advocacy and educational campaigns by non-governmental organizations and various industry stakeholders are raising awareness about the environmental benefits and safety of organic farming practices. These initiatives are helping to dispel myths about organic agriculture being less productive and are promoting the long-term advantages of using organic agricultural chemicals. As more farmers are educated on the benefits and supported in the transition process, the demand for these products is expected to rise significantly. The proactive stance taken by environmental groups and the agricultural sector in promoting sustainable farming is thus a vital growth factor for this market.

Regionally, the market exhibits diverse growth trajectories, with Asia Pacific emerging as a key player due to its vast agricultural landscape and rapidly growing population. The increasing adoption of organic farming practices in countries like India and China, supported by favorable government policies, drives the regional market. North America and Europe also present substantial growth opportunities, driven by strong consumer demand for organic products and robust regulatory frameworks. Meanwhile, Latin America, with its rich biodiversity and expanding agricultural sector, is projected to witness significant growth, though it is still somewhat constrained by economic and infrastructural challenges. The Middle East and Africa, although currently a smaller market, are gradually embracing organic practices, driven by a need for food security and sustainable agriculture.

Product Type Analysis

The organic agricultural chemicals market by product type is segmented into biopesticides, biofertilizers, and biostimulants, each offering unique benefits to enhance crop production. Biopesticides are biological agents derived from natural materials like animals, plants, bacteria, and certain minerals. The increased focus on reducing chemical residues in food products has accelerated the adoption of biopesticides. They are favored for their specificity, as they target particular pests without harming beneficial insects, thereby maintaining ecological balance. Additionally, biopesticides are seen as a crucial tool in integrated pest management strategies, which aim to reduce reliance on synthetic pesticides. The growing acceptance of integrated pest management practic

The Report Covers Global Agricultural Chemical Companies and the market is segmented by Material (Plastic, Metal, Other Types of Materials), Product (Bags and Pouches, Bottles and Containers, Drums and Intermediate Bulk Containers, Other Product Types), Chemical (Fertilizer, Pesticide, Other Types of Chemicals), and Geography.

Agriculture Chemical Market Outlook

The global agriculture chemical market size was estimated at USD 240 billion in 2023 and is projected to reach USD 355 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.5% over the forecast period. The robust growth in this sector is primarily driven by the increasing demand for food due to the growing global population, coupled with advancements in agricultural practices and technology. These factors are collectively fostering an environment that supports the sustained growth of the agriculture chemical industry.

One of the significant growth factors contributing to the expansion of the agriculture chemical market is the escalating global population, which necessitates higher agricultural productivity to meet food demands. Innovations in biotechnology, such as genetically modified crops, have made it possible for farmers to achieve higher yields, which in turn drives the demand for agricultural chemicals like herbicides, insecticides, fungicides, and fertilizers. Additionally, the modernization of farming practices, including precision agriculture, is compelling farmers to use more specialized and efficient agrochemicals to maximize crop output and minimize waste.

Another critical driver is the increasing awareness and adoption of sustainable farming practices. As consumers grow more concerned about the environmental impact of traditional farming methods, there is a rising inclination towards the use of bio-based and organic agriculture chemicals. These eco-friendly products are designed to reduce harmful residues in food crops and minimize the overall environmental footprint of agricultural activities. Government regulations and support for sustainable agriculture further amplify this trend, promoting the development and use of safe and effective agricultural chemicals.

The global climate change scenario also plays a pivotal role in shaping the agriculture chemical market. Unpredictable weather patterns and the prevalence of pests and diseases have led to significant agricultural losses. To mitigate these risks, farmers are increasingly relying on chemical solutions to protect their crops and enhance soil health. The need for crop protection against the adverse impacts of climate change has become a vital determinant of market growth, driving the demand for innovative and resilient agricultural chemicals.

Agrochemical Active Ingredients play a crucial role in the agriculture chemical market, serving as the primary components in the formulation of various agricultural chemicals such as herbicides, insecticides, and fungicides. These active ingredients are responsible for the chemical's effectiveness in controlling pests, diseases, and weeds, thereby enhancing crop protection and productivity. The ongoing research and development in this field aim to create more efficient and environmentally friendly active ingredients that can address the challenges posed by climate change and evolving pest resistance. As the demand for sustainable and efficient farming solutions grows, the innovation in agrochemical active ingredients becomes increasingly important, ensuring that farmers have access to advanced tools for crop management.

Regionally, the Asia Pacific region holds a dominant position in the agriculture chemical market, driven by countries like China and India, which are significant agricultural producers. The rapid urbanization and industrialization in these countries are leading to considerable agricultural transformations, requiring advanced agricultural chemicals to maintain productivity. North America and Europe also represent substantial markets due to their highly mechanized farming sectors and stringent regulatory frameworks that promote the use of high-quality and environmentally safe agrochemicals. Meanwhile, Latin America and the Middle East & Africa are emerging markets with significant growth potential due to their expanding agricultural activities and increasing adoption of modern farming practices.

Product Type Analysis

The agriculture chemical market is segmented by product type, which includes herbicides, insecticides, fungicides, fertilizers, and others. Herbicides, particularly, hold a significant share of the market due to their widespread use in controlling unwanted vegetation that competes with crops for nutrients, water, and sunlight. The application of herbicides is essential for ensuring higher crop yields and quality, making them indispensa

Asia Pacific Agricultural Chemicals market size is USD 53395.47 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.

The global pesticide and other agricultural chemical market is a substantial and dynamic sector, exhibiting considerable growth potential. While precise figures for market size and CAGR are unavailable, considering the industry's historical performance and projected trends, a reasonable estimation places the 2025 market size at approximately $70 billion USD. This robust market is propelled by several key drivers, including the growing global population requiring increased food production, the rising demand for high-yield crops, and the increasing prevalence of crop diseases and pests. Furthermore, advancements in pesticide technology, such as the development of more targeted and environmentally friendly formulations, are contributing to market expansion. However, stringent government regulations regarding pesticide usage, concerns about environmental impact and human health, and the fluctuating prices of raw materials pose significant challenges to market growth. The market is segmented by various pesticide types (insecticides, herbicides, fungicides, etc.), application methods, and crop types. Major players such as Bayer, Syngenta, BASF, DowDuPont, and ChemChina dominate the landscape, leveraging their extensive research and development capabilities and global distribution networks. Looking ahead to 2033, the market is projected to experience steady growth, driven by factors such as the increasing adoption of precision agriculture technologies and the growing demand for organic farming practices, which still require effective pest and disease management. The development of biopesticides and other sustainable alternatives to conventional chemical pesticides is also expected to gain traction, providing new growth avenues within the segment. Nevertheless, the market will continue to face challenges related to regulatory hurdles and consumer preference shifts towards naturally produced food. Strategic partnerships, acquisitions, and investments in research and development will be vital for companies to maintain a competitive edge and capitalize on emerging opportunities within this evolving market.

The Report Covers North America Chemical Packaging in Agriculture and the Market is Segmented By Product Type (Bags & Pouches, Containers & Cans, and Intermediate Bulk Containers), Material Type (Plastic, Paper & Paperboard, and Metal), and Application Type (Fertilizer, Pesticide, and Herbicide). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Global Pesticide And Other Agricultural Chemicals Market to grow from US$ 115.98 Billion in 2023 to US$ 310.25 Billion by 2032, CAGR 10.3% during 2024-2032.