Agrochemicals Market Worth $439.77 Billion by 2029: Growth Drivers, Trends and Segments Revealed
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Keywords: agrochemicals market, agrochemicals market size, agrochemicals market trends, agrochemicals market share, agrochemicals market statistics, agrochemicals industry
What Is The Anticipated Market Size And Growth Rate For The Agrochemicals Market?
The agrochemicals market size has experienced strong growth in recent years. Growth from $287.85 billion in 2024 to $311.48 billion in 2025 at a compound annual growth rate (CAGR) of 8.2% has been observed. A surge in population growth, pest and disease pressure, changes in the regulatory environment, and farming practices have driven this increase. The agrochemicals market size is predicted to continue this strong growth trajectory in the upcoming years, reaching a valuation of $439.77 billion in 2029 at a CAGR of 9.0%. The growth in the forecast period is expected to come from trends such as climate change, sustainable agriculture, precision agriculture, and emerging markets.
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What Are The Drivers Behind The Agrochemicals Market’s Continuous Growth?
The exponential increase in global population and the corresponding demand for food are key drivers of the agrochemicals market. The steady increase in population is directly proportional to the demand for food and subsequently the growth in the agrochemicals market. According to a recent report by the United Nations, the global population is projected to grow by almost 2 billion people over the next 30 years, increasing from 8 billion today to 9.7 billion by 2050. This continual growth in population globally will drive the growth of the agrochemicals market.
What Segments Make Up The Agrochemicals Market?
The Agrochemicals market has segments including:
1. Fertilizer Type: Nitrogen Fertilizer, Phosphatic Fertilizer, Potassic Fertilizer, Other Fertilizer Types
2. Pesticide Type: Fungicides, Herbicides, Insecticides, Other Pesticide Types
3. Application: Crop Based, Non-Crop Based
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Which Companies Are Major Players In The Agrochemicals Market?
Key companies operating in the agrochemicals market include Adama Agricultural Solutions Ltd., Agrium Inc., BASF SE, Bayer AG, Yara International ASA, The Mosaic Company, Israel Chemicals Ltd., FMC Corporation, E. I. du Pont Nemours and Company, Monsanto Company, Dow AgroSciences LLC, Land O’ Lakes Inc, Sumitomo Chemical Co Ltd, Zuari Agro Chemicals Ltd, Gharda Chemicals Limited.
What Trends Are Emerging In The Agrochemicals Market?
Strategic partnerships and collaborations have emerged as key trends within the agrochemicals market. Major companies operating in the agrochemicals sector are seeking partnerships to strengthen their market position.
Which Region Is Leading In Agrochemicals Market Development?
North America was the largest regional market in the Agrochemicals market in 2024. However, Asia-Pacific is forecast to be the fastest-growing region in the upcoming years.
What Does The Agrochemicals Market Report 2025 Have To Offer?
The Agrochemicals Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. The report identifies agrochemicals as synthetic and commercially manufactured chemicals used in farming and to regulate ecosystems in agricultural areas.
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