Argentina Agrochemicals Market Size & Outlook, 2023-2030
Argentina agrochemicals market, 2018-2030 (US$M)
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Argentina agrochemicals market highlights
- The Argentina agrochemicals market generated a revenue of USD 8,032.5 million in 2023 and is expected to reach USD 10,988.4 million by 2030.
- The Argentina market is expected to grow at a CAGR of 4.6% from 2024 to 2030.
- In terms of segment, crop protection chemicals was the largest revenue generating product in 2023.
- Plant Growth Regulators is the most lucrative product segment registering the fastest growth during the forecast period.
Agrochemicals market data book summary
| Market revenue in 2023 | USD 8,032.5 million |
| Market revenue in 2030 | USD 10,988.4 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Crop protection chemicals |
| Fastest growing segment | Plant Growth Regulators |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fertilizers, Crop Protection Chemicals, Plant Growth Regulators, Other Products |
| Key market players worldwide | Clariant AG, Basf SE, Huntsman Corp, Bayer AG, Dow Inc, Solvay SA, Nufarm Ltd, Evonik Industries AG, Croda International PLC, Helena Laboratories, Ashland Inc, FMC Corp, ADAMA Agricultural Solutions, Stepan Co |
Other key industry trends
- In terms of revenue, Argentina accounted for 3.0% of the global agrochemicals market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil agrochemicals market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 36,392.0 million by 2030.
Crop protection chemicals was the largest segment with a revenue share of 52.03% in 2023. Horizon Databook has segmented the Argentina agrochemicals market based on fertilizers, crop protection chemicals, plant growth regulators, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina is one of the prominent markets in the Central & South America. Argentina accounted for 9.2% of the Central & South America agrochemicals market in terms of volume. Argentina is one of the major producers of some crops in the world such as pear, lemons & lime, sunflower seeds, canary seeds, among others.
The country is the third largest producer of soybeans after Brazil and the U.S. The increasing demand for food and growing agricultural commodities production in the country is driving the agrochemicals market.
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Agrochemicals Market Scope
Agrochemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina agrochemicals market size, by product, 2018-2030 (US$M)
Argentina Agrochemicals Market Outlook Share, 2023 & 2030 (US$M)
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