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 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.

Agrochemicals market size is slated to reach USD 305.01 Bn by 2030, due to consequent rise in food demand and changing climate patterns.

The Agrochemicals Market Report is Segmented by Product Type (Fertilizers, Pesticides, Adjuvants, and Plant Growth Regulators), Application (Crop-Based and Non-Crop-Based), and Geography (North America, Europe, Asia-Pacific, South America, Middle East, and Africa). The Market Forecasts are Provided in Terms of Value (USD).

Global Agrochemicals market size is expected to reach $439.77 billion by 2029 at 9%, population growth and food demand are the catalysts for agrochemical market expansion

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Agrochemicals Market Size 2025-2029

The agrochemicals market size is forecast to increase by USD 42.5 billion at a CAGR of 2.7% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing adoption of herbicides in modern agriculture. Farmers are turning to these chemicals to enhance crop productivity and protect against pests, weeds, and diseases. A notable trend in the market is the implementation of Integrated Pest Management (IPM) as a new method of crop protection. IPM strategies combine the use of agrochemicals with other methods, such as biological control and crop rotation, to minimize the reliance on a single solution. However, the market faces challenges that could impact its growth trajectory. The market encompasses a wide range of products, including fertilizers, soil amendments, and crop protection chemicals, that cater to the diverse needs of modern agriculture. 
These alternatives offer sustainable and cost-effective solutions, making them increasingly attractive to farmers. Additionally, stringent regulations and growing consumer concerns over the environmental impact of agrochemicals are adding pressure on market participants. Companies must navigate these challenges by investing in research and development to create more sustainable and eco-friendly agrochemical solutions. The integration of artificial intelligence, farm automation, and machine learning in agriculture is revolutionizing decision-making processes and enhancing crop productivity. Competition from alternative crop protection methods, such as biopesticides and genetically modified organisms (GMOs), is intensifying.

What will be the Size of the Agrochemicals Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market is witnessing significant advancements, driven by the integration of technology into farming systems. Remote sensing, through satellite imagery, plays a crucial role in assessing crop health and predicting yield. Value chain development, through extension services, is enhancing farmer productivity and market access. Social impact is a growing concern, with integrated farming systems focusing on food safety, water conservation, and climate change adaptation. Hybrid seeds, plant breeding, and genetic engineering are key components of climate change mitigation and crop quality improvement. Smart farming, with precision farming and data logging, is revolutionizing agricultural practices. Organic farming, sustainable agriculture, and rural development are essential for economic development and food security.

Agricultural biotechnology, including transgenic crops, is a contentious issue in the context of climate-smart agriculture and food quality. Farmers are being trained in the use of agricultural sensors and climate-smart agriculture techniques to optimize crop yield and ensure sustainable farming practices. Vertical farming and seed technology are emerging trends, offering potential solutions to water scarcity and climate change challenges. Overall, the market is evolving, with a focus on innovation, sustainability, and meeting the food security needs of a growing population.

How is this Agrochemicals Industry segmented?

The agrochemicals industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Fertilizers
  Pesticides


Application

  Cereals and grains
  Oilseeds and pulses
  Fruits and vegetables


Distribution Channel

  Distributors and retailers
  Direct sales
  Online sales


Geography

  North America

    US
    Canada


  Europe

    Germany


  Middle East and Africa

    South Africa


  APAC

    Australia
    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Product Insights

The Fertilizers segment is estimated to witness significant growth during the forecast period. The market encompasses a range of products and technologies that enhance crop productivity and protect against pests. Precision spraying, utilizing GPS guidance and variable rate technology, ensures efficient application of biochemical pesticides and microbial pesticides, reducing environmental impact. Foliar application and seed treatment offer targeted methods for delivering active ingredients, while environmental risk assessment and residue analysis ensure safety and regulatory compliance. Potash fertilizers, phosphate fertilizers, and nitrogen fertilizers, including urea, ammonia, and ammonium nitrate, are essential for nutrient management. Soil testing and irrigation systems optimize water management, and soil amend

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.

Agrochemicals Market size was valued at USD 275.89 Billion in 2024 and is projected to reach USD 357.21 Billion by 2031, growing at a CAGR of 3.62% during the forecasted period 2024 to 2031.

The Agrochemicals Market is driven by the increasing global demand for food due to a growing population, which necessitates higher agricultural productivity. Advancements in agricultural practices and technologies, including precision farming and genetically modified crops, boost the adoption of agrochemicals to enhance crop yield and protect against pests and diseases. Additionally, the rising awareness among farmers about the benefits of agrochemicals and the expansion of agribusinesses in developing regions contribute to market growth. Government initiatives and subsidies supporting modern farming techniques further propel the market. Environmental concerns and the push for sustainable agriculture are also driving innovations in bio-based and eco-friendly agrochemicals, expanding their market share.

Global Agrochemicals Market size valued at US$ 254.69 Billion in 2023, set to reach US$ 359.37 Billion by 2032 at a CAGR of about 3.9% from 2024 to 2032.

Global market for agrochemicals reached $243.1 billion in 2019 and should reach $299.8 billion by 2024, at a CAGR of 4.3% for the period of 2019-2024.

According to Cognitive Market Research, the global Agrochemicals Market size will be USD 236924.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 4.60% from 2025 to 2033.

North America held the major market share for more than 37% of the global revenue with a market size of USD 87662.18 million in 2025 and will grow at a compound annual growth rate (CAGR) of 2.4% from 2025 to 2033.
Europe accounted for a market share of over 29% of the global revenue with a market size of USD 68708.19 million.
APAC held a market share of around 24% of the global revenue with a market size of USD 56861.95 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.6% from 2025 to 2033.
South America has a market share of more than 3.8% of the global revenue with a market size of USD 9003.14 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.6% from 2025 to 2033.
Middle East had a market share of around 4.00% of the global revenue and was estimated at a market size of USD 9476.99 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2025 to 2033.
Africa had a market share of around 2.20% of the global revenue and was estimated at a market size of USD 5212.35 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.3% from 2025 to 2033.
Fungicides category is the fastest growing segment of the Agrochemicals industry.

Market Dynamics of Agrochemicals Market

Key Drivers for Agrochemicals Market

Increasing use of agrochemicals in precision agriculture to Boost Market Growth

Farmers can monitor the nutritional requirements of crops with the aid of the following precision agriculture tools: Soil sensors, variable rate prescriptions, yield maps, decision support software, multispectral imaging, soil mapping, auto-guidance systems, foliage colour charts, and the 4Rs—right source, right rate, right time, and right place. Additionally, precision farming uses AI, sensor systems, and data analytics to determine how much water and fertiliser plants need at any given time. Autonomous trucks are used to provide nutrients to plants in specific places and amounts. Application of fertiliser is essential to increasing soil productivity. But overfertilization can have a severe effect on the health of the soil. Inscientists at Imperial College London developed a new predictive testing kit that enables farmers determine the current and potential future levels of nitrate and ammonia in soil based on climate. This can assist in adjusting fertiliser to suit specific crop and soil requirements.

Increasing agricultural output to Boosts the Need for Advanced Agrochemicals to Boost Market Growth

The government's efforts have played a major role in increasing demand in the global agrochemicals industry. Farmers are expected to contribute to the government's efforts in exchange for financial assistance in the form of subsidies and tax breaks. Countries that rely significantly on agriculture for their means of subsistence are the ones that have the highest need for enhanced fertilizers. Under these conditions, it is projected that the overall revenue volume generated by the worldwide agrochemicals market will expand. Agrochemicals are frequently used in the production of cash crops, which has helped to fuel the growth of the agrochemical market in the next years.

Restraint Factor for the Agrochemicals Market

Increasing regulatory hurdles of Agrochemicals, Will Limit Market Growth

High entry barriers into the agrochemicals sector are caused by regulatory restrictions, which also drive up the price of creating new goods. Every new agrochemical product must have a comprehensive environmental, health, and safety profile created for it and be subject to that profile in terms of efficacy and safety due to extremely strict regulatory regimes. These rules make guarantee that only high-quality products are distributed, but they also lengthen the approval process. All things considered, this is a drawn-out and intricate procedure that postpones the release of novel goods and raises expenses for producers who have to carry out research, testing, and compliance duties. Introduction of the Agrochemicals Market

The production, distribution, and use of chemical products to support agricultural activities is known as the agrochemicals market. Agrochemicals include fertilizers, pesticides, herbicide...

The Sustainable Agrochemicals Market is expected to grow from USD 2.2 Bn in 2024 to USD 3.69 Bn by 2030, at a CAGR of 9.01% during 2025–2030.

This statistic depicts the market share of the five largest agrochemical companies worldwide, as of 2018. As of that year, Chinese company ChemChina Syngenta accounted for a **** percent share of the global agrochemical market.

Malaysia Agrochemicals Market Outlook

According to our latest research, the global agrochemicals market size reached USD 255.4 billion in 2024, with Malaysia contributing a significant share due to its robust agricultural sector. The overall market is projected to grow at a CAGR of 4.7% from 2025 to 2033, resulting in a forecasted global value of USD 384.1 billion by 2033. The growth is primarily driven by the rising demand for enhanced crop yields, increasing population, and evolving farming practices. Malaysia’s agrochemicals market, in particular, is experiencing steady expansion, supported by government initiatives, technological advancements, and the country’s strategic focus on food security and export-oriented agriculture.

A key growth factor for the Malaysia agrochemicals market is the intensification of agricultural activities to meet both domestic and international food demand. Malaysia, being a major exporter of palm oil, rubber, and tropical fruits, requires consistent and high-quality yields, which has led to the increased adoption of agrochemicals such as fertilizers, pesticides, and herbicides. The government’s push for modernized agriculture through subsidies and educational programs has also encouraged farmers to use scientifically formulated agrochemicals, resulting in improved productivity and reduced crop losses. Furthermore, the transition from traditional to precision farming techniques is catalyzing the demand for specialized agrochemical products tailored to specific crop requirements and environmental conditions.

Another significant driver is the increasing awareness among Malaysian farmers regarding the benefits of integrated pest management (IPM) and sustainable agricultural practices. As global consumers and regulatory bodies demand safer and more environmentally friendly food production, the agrochemicals industry is witnessing a shift towards bio-based and less toxic alternatives. This trend is supported by research and development investments from both public and private sectors, aiming to create innovative products that balance efficacy with ecological safety. Additionally, Malaysia’s diverse crop portfolio, which includes cereals, fruits, vegetables, and oilseeds, necessitates a wide range of agrochemical solutions, further fueling market growth.

The expansion of distribution channels, especially the rise of online retail and the strengthening of distributor networks, is also propelling the market forward. Farmers now have easier access to a broad spectrum of agrochemical products, along with detailed information and guidance on their usage. This improved accessibility is particularly crucial for small and medium-sized farms located in remote regions. Moreover, collaborations between agrochemical companies and local cooperatives are enhancing supply chain efficiency, ensuring timely delivery and proper storage of sensitive products. These factors collectively contribute to the robust growth trajectory observed in the Malaysia agrochemicals market.

From a regional perspective, Malaysia’s agrochemicals market stands out within Southeast Asia due to its advanced agricultural infrastructure and favorable climatic conditions. The country’s central and southern regions, which are agricultural hubs, account for the majority of agrochemical consumption. Meanwhile, the northern states are witnessing rapid adoption of modern agrochemical solutions, driven by government support and increasing awareness among farmers. The regional diversity in crop cultivation also ensures a steady demand for a wide range of agrochemical products, positioning Malaysia as a key player in the ASEAN agrochemicals landscape.

Product Type Analysis

The Malaysia agrochemicals market is segmented by product type into fertilizers, pesticides, herbicides, insecticides, fungicides, and others. Fertilizers form the backbone of the market, accounting for the largest share due to their critical role in enhancing soil fertility and crop productivity. The demand for nitrogen, phosphorus, and potassium-based fertilizers remains

Global Agrochemical market size 2025 was XX Million. Agrochemical Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The Agrochemical Industry in India Report is Segmented by Product Type (Fertilizers, Pesticides, and More), by Application (Crop-Based and Non-Crop-Based), by Formulation (Liquid, and More), and by Distribution Channel (Direct To Farmer, and More). The Market Forecasts are Provided in Terms of Value (USD).

Agrochemicals Market by Type (Fertilizers, Synthetic Chemicals, Biological Chemicals, Biostimulants, Plant Growth Regulators), Form (Dry, Liquid), Mode of Application (Seed Treatment, Soil Treatment, Fertigation), Crop Type - Global Forecast to 2032

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...

Agrochemical Intermediates Market Outlook

The agrochemical intermediates market size is anticipated to experience robust growth, with a projected compound annual growth rate (CAGR) of 6.5% from 2024 to 2032. The market was valued at approximately USD 4.8 billion in 2023 and is forecasted to reach USD 8.2 billion by 2032. This growth is driven by the increasing demand for agrochemicals in agriculture to ensure food security for a growing global population, along with technological advancements in agrochemical formulations that increase crop yields and agricultural efficiency.

A key growth factor of the agrochemical intermediates market is the rising global population, which has heightened the demand for food production. The agricultural sector faces the challenge of increasing crop yields amidst constraints such as limited arable land, climate change, and biotic stresses like pests and diseases. Agrochemical intermediates play a pivotal role in the synthesis of active ingredients for herbicides, insecticides, and fungicides, thus becoming integral to crop protection strategies. Furthermore, advancements in biotechnology and growing awareness regarding sustainable farming practices have led to the development of eco-friendly agrochemical intermediates, thereby driving market expansion.

Technological innovations and research and development activities are also pivotal drivers of market growth. Companies are investing heavily in R&D to develop novel intermediates that offer enhanced efficacy and reduced environmental impact. The advent of precision agriculture techniques has facilitated the targeted application of agrochemicals, reducing waste and optimizing usage, which in turn fosters the demand for high-quality intermediates. Additionally, mergers, acquisitions, and collaborations among leading agrochemical companies are enhancing product portfolios and expanding market reach, contributing to market growth.

Government policies and favorable regulatory frameworks are significantly impacting the agrochemical intermediates market. Governments across the world are implementing policies and subsidies to support agricultural productivity and sustainable practices. Regulatory bodies are also emphasizing the need for safe and environmentally friendly agrochemicals, encouraging the adoption of advanced intermediates. However, stringent regulations regarding the environmental and health impacts of agrochemicals may also pose challenges to market participants. Despite this, the focus on sustainability and the push for organic farming present lucrative opportunities for the development of bio-based agrochemical intermediates.

Agrochemical CMO Services are becoming increasingly vital in the agrochemical intermediates market as companies seek to optimize their production processes and focus on core competencies. Contract Manufacturing Organizations (CMOs) offer specialized services that allow agrochemical companies to outsource the manufacturing of intermediates, thus reducing operational costs and enhancing flexibility. This trend is driven by the need for efficient production capabilities and the ability to quickly adapt to market demands. By leveraging CMO services, agrochemical companies can access advanced manufacturing technologies and expertise, ensuring high-quality production while maintaining compliance with stringent regulatory standards.

Regionally, the Asia Pacific region dominates the agrochemical intermediates market and is expected to continue its lead over the forecast period. The presence of large agricultural economies such as China and India, coupled with increasing government investments in agriculture, propels the market growth in this region. North America and Europe also exhibit significant growth potential owing to technological advancements in agriculture and increased adoption of sustainable farming practices. Meanwhile, Latin America and the Middle East & Africa present emerging market opportunities due to expanding agricultural activities and growing awareness regarding crop protection solutions.

Product Type Analysis

The agrochemical intermediates market is segmented into herbicides intermediates, insecticides intermediates, fungicides intermediates, and others. Among these, herbicides intermediates hold a significant share due to the widespread use of herbicides in controlling weeds that compete with crops for nutrients, sunlight, and water. The demand for herbicides intermediates is driven by the need to enhan

The global agrochemical market, valued at $95.17 billion in 2025, is projected to experience steady growth, exhibiting a compound annual growth rate (CAGR) of 3.1% from 2025 to 2033. This growth is driven by several factors, including the increasing global population demanding higher food production, the rising adoption of advanced farming techniques, and the escalating need for crop protection against pests and diseases. The market is segmented by type (fertilizers, crop protection chemicals, plant growth regulators, and others) and application (cereals & grains, oilseeds & pulses, fruits & vegetables, and others). The crop protection chemicals segment is expected to dominate due to the growing prevalence of crop diseases and pest infestations impacting global food security. Furthermore, the increasing awareness of sustainable agriculture practices is driving demand for biopesticides and other environmentally friendly agrochemicals within the crop protection segment. Geographically, North America and Europe currently hold significant market share, driven by established agricultural practices and high adoption rates of modern farming technologies. However, developing economies in Asia-Pacific, particularly India and China, are showing substantial growth potential due to expanding agricultural land and increasing investments in agricultural infrastructure. The market faces certain restraints, including stringent regulations surrounding the use of agrochemicals, environmental concerns about their impact, and the high cost of research and development for novel, sustainable alternatives. Major players like Bayer Crop Science, BASF, Nutrien, and others are actively investing in research and development to address these challenges and offer innovative solutions, such as precision farming techniques, targeted pesticide application, and the development of bio-based agrochemicals. The competitive landscape is characterized by intense competition amongst large multinational corporations and smaller specialized companies. This competitive pressure further drives innovation and potentially impacts pricing strategies, leading to a dynamic and evolving market. The forecast period of 2025-2033 anticipates continued growth, albeit at a moderate pace, influenced by global economic conditions, technological advancements, and evolving agricultural practices.