Agrochemical Market Report： the global Agrochemical market size is projected to reach USD 150 billion by 2030,

According to the new market research report “Global Agrochemical Market Research Report 2024”, published by QYResearch, the global Agrochemical market size is projected to reach USD 150 billion by 2030, at a CAGR of 8.0% during the forecast period.

• Global Agrochemical MarketSize(US$ Million), 2019-2030

Source: QYResearch, "Global Agrochemical Market Research Report 2024”

• Global Agrochemical Top20Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

Source: QYResearch, "Global Agrochemical Market Research Report 2024”

According to QYResearch Top Players Research Center, the global key manufacturers of Agrochemical include Syngenta, Bayer CropScience, BASF, Corteva, UPL, FMC, ADAMA, Sumitomo Chemical, Newform, Yangnong Chemical, etc. In 2023, the global top 10 players had a share approximately 55% in terms of revenue.

Market Drivers: The growth of the global population and the increase in food demand have prompted the continuous expansion of agricultural production, thereby driving the growth in demand for agrochemical products; at the same time, agricultural modernization and scientific and technological progress have also promoted the development of the agrochemical market, such as modern agriculture such as chemical fertilizers, pesticides, seeds, etc. The application of technology has improved the output and quality of agricultural products; in addition, climate change and frequent natural disasters have also made farmers more dependent on agrochemical products to cope with adverse weather conditions, increasing market demand.

Restraint: Environmental pollution and soil degradation issues, long-term irrational use of agrochemical products may lead to environmental pollution and soil quality degradation, affecting the quality of agricultural products and the ecological environment; at the same time, agricultural product quality and safety and food safety issues have also received widespread attention from society, increasing the number of agricultural products. regulatory and compliance pressures on chemical products.

Opportunity:With the acceleration of agricultural modernization and the advancement of agricultural supply-side structural reform, the demand for efficient, environmentally friendly, and safe agrochemical products will continue to grow, bringing development opportunities to the industry; at the same time, the development of technological innovation and green agriculture will also It provides a new development path for the agrochemical industry. The launch of new products such as biopesticides and organic fertilizers will drive the transformation and upgrading of the industry. In addition, the optimization of the agricultural supply chain and the extension of the agricultural industry chain also provide diversification for agrochemical companies. Development opportunities, such as the development of new business formats such as agricultural input e-commerce and precision agriculture, will promote the diversification and internationalization of the agrochemical market.

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