Discover trends, market shifts, and competitive outlooks for the agrochemicals industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#How Has the Agrochemicals Market Growth Performance Trended Historically, And What Lies Ahead?

In recent times, there has been robust growth in the agrochemicals market size. It is projected to rise from $287.85 billion in 2024 to $311.48 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.2%. Factors contributing to this growth during the historic period include population increase, pest and disease infestations, and changes in farming practices and the regulatory landscape.

The size of the agrochemicals market is predicted to experience significant growth in the coming years, reaching $439.77 billion in 2029 with a compound annual growth rate (CAGR) of 9.0%. Factors contributing to this growth in the projected timeframe include: climate change, sustainable and precision agriculture practices, emerging markets, and resistance management. Key trends expected during this period encompass advancements in technology, the embrace of digitalization and data analytics, innovative measures in crop protection, market consolidation, movements toward organic and non-GMO practices, and developments in biotechnology and genetic engineering.

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What Are the Major Market Drivers Behind the Rising Adoption of Agrochemicals Market?

The agrochemicals market is anticipated to experience significant growth due to the escalating population and resultant increase in food demand. Food, which comprises nutrients like protein, carbohydrates, fat, and others, is consumed by organisms to promote growth, support vital functions, and provide energy. A continuous increase in population correlates directly to the growth of food demand and the agrochemicals market. The United Nations, a United States-based intergovernmental organisation, projected in November 2022 that the global population would rise by nearly 2 billion people in the next 30 years, from 8 billion currently to 9.7 billion by 2050. In addition, Intechnopen, a publisher of journals and books based in the UK, anticipates a 70% increase in global food demand by 2050. It follows, therefore, that the rising population and resulting surge in food demand will catalyse the expansion of the home infusion therapy market.

Which Key Market Segments Comprise the Agrochemicals Market and Drive Its Revenue Growth?

The agrochemicals market covered in this report is segmented –

1) By Fertilizer Type: Nitrogen Fertilizer, Phosphatic Fertilizer, Potassic Fertilizer, Other Fertilizer Types

2) By Pesticide Type: Fungicides, Herbicides, Insecticides, Other Pesticide Types

3) By Application: Crop Based, Non-Crop Based

Subsegments:

1) By Nitrogen Fertilizer: Urea, Ammonium Nitrate, Calcium Ammonium Nitrate, Ammonium Sulfate, Other Nitrogen Sources

2) By Phosphatic Fertilizer: Diammonium Phosphate (DAP), Monoammonium Phosphate (MAP), Superphosphate (Single And Triple), Rock Phosphate

3) By Potassic Fertilizer: Muriate Of Potash (KCl), Sulfate Of Potash (K2SO4), Potassium Nitrate

4) By Other Fertilizer Types: Micronutrient Fertilizers, Organic Fertilizers, Slow-Release Fertilizers, Specialty Fertilizers

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Which Areas Are Leading Regions in the Agrochemicals Market Expansion Across the Globe?

North America was the largest region in the agrochemicals market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agrochemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Are the Strategic Trends Steering theAgrochemicals Market Direction?

Forming strategic alliances and collaborations is becoming a prevalent trend in the agrochemical market. Major firms in the agrochemical field are seeking partnerships to consolidate their market position. For illustration, Aarti Industries Limited, a specialty chemicals firm based in India, and UPL Limited, an Indian agrochemical company, disclosed a strategic partnership for the manufacturing and promotion of specialty chemicals in May 2024. The collaboration is primarily committed to producing and marketing specialty chemical intermediates, specifically downstream derivatives of amines used in the agrochemical and paint sectors. The joint venture’s objective is to amalgamate the prowess of both entities, boost India’s chemical production capabilities, and bolster India’s goal of achieving self-sufficiency in specialty chemicals for international markets.

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How Is the Agrochemicals Market Conceptually Defined?

The agrochemical refers to synthetic and commercially generated chemicals that are employed in farming and to regulate ecosystems in agricultural areas. Agrochemicals contaminate the nearby lands and waterways and enter the food chain, where they cause bioaccumulation. Excessive usage of such pesticides produces a sizable number of residues, which has an effect on crops.

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