Asia Pacific Agrochemicals Market Size & Outlook
Asia Pacific agrochemicals market, 2018-2030 (US$M)
Related Markets
Asia Pacific agrochemicals market highlights
- The Asia Pacific agrochemicals market generated a revenue of USD 141,084.4 million in 2023.
- The market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, fertilizers was the largest revenue generating product in 2023.
- Crop Protection Chemicals is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 141,084.4 million |
| Market revenue in 2030 | USD 212,353.9 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Fertilizers |
| Fastest growing segment | Crop Protection Chemicals |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Asia Pacific region accounted for 52.0% of the global agrochemicals market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 212,353.9 million by 2030.
Fertilizers was the largest segment with a revenue share of 89.25% in 2023. Horizon Databook has segmented the Asia Pacific 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.
Asia Pacific dominated the market and accounted for 30.5% share of global volume in 2020, on account of several factors, including increasing demand for improved varieties of crops, increasing population, and presence of countries with vast arable lands.
The increasing investments in the agricultural sector and government support for agriculture in the region is the major factor for this growth. The region’s per capita income is majorly dependent on the agricultural sector.
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Agrochemicals Market Scope
Agrochemicals Market Companies
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Asia Pacific agrochemicals market size, by country, 2018-2030 (US$M)
Asia Pacific Agrochemicals Market Outlook Share, 2023 & 2030 (US$M)
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