Global Agrochemicals Market Analysis, By Product (Fertilizers, Crop Protection Chemicals, Plant Growth Regulators, Others), By Application (Cereal & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), and Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa)—Market Size, Share, Trends & Forecast 2025-2035

Agrochemicals Market: Overview

The global Agrochemicals market estimated at USD 278.53 billion in 2024, and is projected to reach approximately USD 358.75 billion by 2035, at a CAGR of 5.4% from 2025 to 2035. 

The global population is expected to reach nearly 10 billion by 2050. This increase in population directly drives demand for food, which in turn places pressure on agricultural productivity. To meet the growing demand for food, farmers must increase crop yields, often relying on agrochemicals like fertilizers and pesticides to boost productivity.

The agrochemicals market is complex, with numerous interrelated factors driving its growth. Key drivers include the increasing demand for food, technological advancements in farming practices, the need for crop protection, environmental sustainability, and the expansion of emerging economies. Together, these factors are shaping the future of agrochemicals, making them an essential tool for modern agriculture and food security worldwide. As the industry evolves, innovations in product formulations and sustainable practices will continue to reshape the market.

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Market Growth Drivers

Need for Crop Protection Boosts the Market

Globally, agricultural pests, diseases, and weeds cause substantial losses in crop yields. For example, pests such as locusts, aphids, and caterpillars destroy a significant portion of crops worldwide, while diseases like blight and mildew reduce the quality of produce. Agrochemicals like insecticides, fungicides, and herbicides help control these threats and ensure higher productivity.

The high efficacy of modern agrochemicals in controlling pests and diseases continues to drive their use. In many regions, conventional pest management strategies are insufficient to protect crops from invasive species or emerging pathogens, thereby increasing reliance on agrochemical products.

Sustainable Agricultural Practices

As consumer demand for sustainably grown food increases, there is a shift towards using eco-friendly agrochemicals. This includes biopesticides, organic fertilizers, and slow-release fertilizers that minimize the environmental impact while maintaining crop yields. These products help reduce water contamination, soil degradation, and biodiversity loss. Stricter environmental regulations and public pressure are encouraging the development of safer, more sustainable agrochemicals. Products that are less toxic to non-target species, like beneficial insects and pollinators, are becoming more popular.

Market Restraints

Environmental Concerns Restrains the Growth

The use of agrochemicals, particularly pesticides and fertilizers, can lead to pollution of water bodies, soil degradation, and harm to non-target species (e.g., beneficial insects, pollinators, and wildlife). Chemical runoff from agricultural land can contaminate groundwater, rivers, and oceans, posing risks to ecosystems and human health. Over-reliance on synthetic agrochemicals can lead to a reduction in biodiversity, as certain chemicals may kill beneficial organisms like bees, butterflies, and earthworms. This is particularly concerning in light of the increasing awareness of the importance of biodiversity for ecosystem health and sustainable agriculture. 

Resistance to Pesticides and Herbicides

The overuse and misuse of pesticides have led to the development of resistance in pests, making certain chemicals less effective over time. This phenomenon can result in the need for stronger or more frequent chemical treatments, which is both costly and environmentally damaging. The emergence of resistant pest populations limits the effectiveness of agrochemicals and increases the pressure for alternative pest management solutions. Similarly, the overuse of herbicides, particularly glyphosate, has led to the development of herbicide-resistant weeds. This resistance reduces the efficiency of herbicides and leads to a higher demand for more potent and potentially harmful chemicals, further escalating environmental concerns.

Market Opportunities

Growing Technological Advancements 

Precision agriculture technologies, such as GPS-guided tractors, drones, and sensors, allow for more precise and targeted application of agrochemicals. This reduces chemical use, minimizes environmental impact, and improves overall efficiency. Agrochemical companies have the opportunity to collaborate with technology firms to develop innovative solutions that optimize the use of their products. The development of "smart" agrochemicals, such as slow-release fertilizers or targeted pesticides, is a growing opportunity. These chemicals can be designed to release nutrients or active ingredients at specific times or under specific conditions, reducing waste and improving efficiency. The rise of Internet of Things (IoT) and data analytics can also provide real-time insights, enabling farmers to apply agrochemicals more effectively.

Innovation in Crop Protection Solutions

The demand for biopesticides and biocontrol solutions, which use natural predators or pathogens to manage pests, is growing rapidly. These products are seen as environmentally friendly alternatives to chemical pesticides and are particularly appealing in organic farming systems. The opportunity lies in developing new, effective, and affordable biopesticide solutions that can compete with traditional chemical pesticides. Advances in research are leading to the development of more targeted pest control solutions. Agrochemical companies have the opportunity to develop specialized products that target specific pests, diseases, or weeds, reducing the use of broad-spectrum chemicals and minimizing the environmental impact. This also allows for more efficient pest management in diverse cropping systems.

Agrochemicals Market: Report Scope

Market Analysis: By Product

Based on Product, agrochemicals market has been divided into Fertilizers, Crop Protection Chemicals, Plant Growth Regulators, Others.  Fertilizers generally hold the largest market share within the agrochemical industry. This segment includes products like nitrogen, phosphorus, potassium, and micronutrient fertilizers, which are essential for enhancing soil fertility and boosting crop yields. The demand for fertilizers is driven by the need for increased agricultural productivity to meet the growing global food demand. Fertilizers are critical for improving soil quality, replenishing nutrients, and ensuring higher crop yields, particularly in regions with nutrient-depleted soils. 

The growing global population, rising demand for food, and pressure to increase food production in a sustainable way have ensured that fertilizers remain the largest and most important category in the agrochemicals market. Additionally, advancements in controlled-release fertilizers, organic fertilizers, and eco-friendly solutions are further expanding the market.

Market Analysis: By Application

Based on Application, the Agrochemicals market has been divided into Cereal & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others. In the agrochemicals market, the Cereal & Grains segment generally holds the largest market share, followed by Oilseeds & Pulses, and Fruits & Vegetables. The Cereal & Grains segment typically holds the largest share of the agrochemicals market. This includes key crops like rice, wheat, corn, barley, and oats, which are staples in global food production. Cereals and grains are critical to global food security, as they provide essential calories and nutrients for a large portion of the world’s population. The extensive use of agrochemicals in this segment is driven by the need to protect high-yielding varieties from pests, diseases, and weeds. Additionally, fertilizers are heavily used to ensure optimum growth, particularly in regions with intensive farming systems.

Regional Landscape

The Agrochemicals market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa (MEA) based on regions. The presence of agrochemical manufacturers in the U.S. has a significant impact on the market by reducing dependency on other countries for agrochemical imports. This allows farmers and businesses in the agricultural sector to access products within their domestic market. 

Competitive Landscape 

The global Agrochemicals industry is dominated by businesses like Royal Dutch Shell plc, OCP Group, SABIC, PhosAgro, Yara International, Rashtriya Chemical Fertilizer Ltd., Adjuvants Plus Inc., Merck KGaA, Praxair Technology, Inc. because of their unique product offerings, financial stability, strategic innovations, and regionally diverse presence. The participants are focusing their efforts on promoting R&D. Additionally, they support strategic expansion activities including product launch, joint ventures, and partnerships to expand their client base and boost their market position. Some of the prominent players in the market include Royal Dutch Shell plc, OCP Group, SABIC, PhosAgro, Yara International, Rashtriya Chemical Fertilizer Ltd., Adjuvants Plus Inc., Merck KGaA, Praxair Technology, Inc.

Strategic Developments

• March 2024, Yara India launched ‘Kissan ka Sachcha Yaar’ which is aimed at empowering farmers to produce high-quality yields that are sustainable and nutritious. The campaign coincides with the launch of FarmCare 2.0, an app designed to support farmers with real-time weather updates, soil management guidance, and efficient fertilizer use.
• May 2023, Yara launched a biostimulant for seed treatment at the BAW 2023, during the BioAg World Congress in Rio de Janeiro. The product, NRhizo, is the first of 15 launches planned this year, aiming to offer premium solutions to Brazilian rural producers.