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 expansion is mainly driven by the rising global demand for fertilizers and crop protection products, which are essential for enhancing agricultural productivity and meeting the food requirements of an expanding population. Agrochemicals continue to play a central role in intensive farming systems where higher crop yields and improved crop quality are key priorities.

Moreover, the increasing adoption of precision farming methods, shrinking availability of arable land, and growing need for food production to support the rising population are expected to further strengthen market growth over the coming years. Agrochemicals, also referred to as crop protection chemicals, are specifically designed to shield crops from various harmful agents. These include a wide range of chemical solutions such as fungicides, insecticides, and herbicides used to control fungi, nematodes, mites, insects, rodents, weeds, and viruses. Their growing importance stems from their ability to prevent crop damage, reduce losses, and improve overall agricultural efficiency.

Key Market Trends & Insights

• The Asia Pacific agrochemicals market held a substantial share of 51.98% of revenue in 2023, supported by large-scale agricultural activities, high crop production, and increasing awareness of modern farming techniques.
• The presence of agrochemical manufacturers in the U.S. has a significant impact on the market by reducing reliance on agrochemical imports from other countries and strengthening domestic supply chains.
• In terms of products, the fertilizers segment dominated the market with a revenue share of 76.98% in 2023, reflecting the essential role of fertilizers in enhancing soil nutrient content and improving crop yield.
• In terms of application, the cereal and grains segment held a lion's share of 47.02% in 2023 due to their high global consumption and widespread cultivation.

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Market Size & Forecast

• 2023 Market Size: USD 271.42Billion
• 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 expected to maintain steady growth driven by rising food demand, increasing pressure on agricultural productivity, and the continued adoption of modern farming methods. As arable land becomes more limited and crop protection needs intensify, fertilizers and chemical crop protection solutions will remain essential components of global agriculture. Expanding precision farming practices, strong regional markets, and the presence of key manufacturers further contribute to sustained market momentum. With ongoing advancements in product formulations and growing emphasis on efficient crop management, agrochemicals will continue to play a vital role in meeting global food security goals and supporting long-term agricultural development.