Agrochemicals Market Size, Share, and Growth Analysis, By Crop Type (Cereals & Grains, Oilseeds & Pulses), By Fertilizer Type (Nitrogenous Fertilizers, Phosphatic Fertilizers), By Pesticide Type, By Type, By Region - Industry Forecast 2025-2032

Global Agrochemicals Market size was valued at USD 252.3 billion in 2023 and is poised to grow from USD 261.38 billion in 2024 to USD 346.86 billion by 2032, growing at a CAGR of 3.6% during the forecast period (2025-2032).

The global agrochemicals market, encompassing fertilizers and pesticides, is poised for significant growth due to rising food demands driven by an increasing population, soil degradation, and declining arable land. These chemicals enhance crop quality and yield, essential for sustaining food supplies as challenges mount in agriculture. Growing consumer awareness of agrochemical benefits further fuels market expansion. Conversely, concerns regarding synthetic pesticide safety may impede growth. However, the booming animal husbandry and feed sectors, particularly in the U.S., will positively influence the agrochemicals market. With the U.S. feed industry exporting $13 billion and operating across 130 countries, generating $400 billion annually, the agrochemical sector is set to thrive amid evolving agricultural dynamics and increasing global demands.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Agrochemicals market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Agrochemicals Market Segments Analysis

Global Agrochemicals Market is segmented by Crop Type, Fertilizer Type, Pesticide Type, Type and region. Based on Crop Type, the market is segmented into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables and Other Crop Types. Based on Fertilizer Type, the market is segmented into Nitrogenous Fertilizers, Phosphatic Fertilizers and Potassic Fertilizers. Based on Pesticide Type, the market is segmented into Insecticides, Herbicides, Fungicides, Nematicides and Other Pesticide Types. Based on Type, the market is segmented into Fertilizers and Pesticides. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Agrochemicals Market

The Global Agrochemicals market is driven by ongoing technological advancements in agriculture, which have transformed farming practices. As agricultural trade expands across various regions, particularly in developing countries, the emergence of new harmful organisms has spurred a rising demand for innovative active ingredient products designed to protect crops. This globalization significantly influences crop protection markets in Asia, where rapid population growth necessitates increased food production alongside economic development. Consequently, the rising need for agrochemicals like herbicides and pesticides is evident. Additionally, as urbanization reduces available agricultural land, farmers are increasingly relying on these chemicals to enhance soil health and optimize land productivity.

Restraints in the Global Agrochemicals Market

The global agrochemicals market is facing a significant restraint due to the rapid growth of the organic fertilizer sector, driven by increasing awareness regarding health, food safety, environmental sustainability, and animal welfare regulations. This surge in the organic food industry, particularly in developing countries, is contributing to the rising popularity of organic produce. As consumers seek healthier and safer food options, coupled with rising per capita incomes, the demand for organic fertilizers is expected to increase, thereby influencing the composition of chemical fertilizers. Consequently, the expansion of the organic fertilizer market is hindering the overall growth of the global agrochemicals market during the forecast period.

Market Trends of the Global Agrochemicals Market

The global agrochemicals market is witnessing significant growth, driven by the urgent need to enhance crop yields and combat the annual losses of nearly 40% of agricultural output due to pests and diseases, as reported by the FAO. As farmers increasingly turn to crop protection chemicals, global pesticide usage has surged by 4.2 million tons since 2000. This trend is further stimulated by the essential role of agrochemicals in supplying vital nutrients that promote healthy plant growth, with synthetic options like urea offering superior nitrogen content compared to organic alternatives. As agricultural practices evolve, the increasing adoption of agrochemicals will play a pivotal role in meeting the world's food demands, indicating a robust and expanding market landscape.