China Agrochemicals Market Size & Outlook, 2023-2030
China agrochemicals market, 2018-2030 (US$M)
Related Markets
China agrochemicals market highlights
- The China agrochemicals market generated a revenue of USD 88,101.0 million in 2023 and is expected to reach USD 133,222.8 million by 2030.
- The China market is expected to grow at a CAGR of 6.1% 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.
Agrochemicals market data book summary
| Market revenue in 2023 | USD 88,101.0 million |
| Market revenue in 2030 | USD 133,222.8 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Fertilizers |
| Fastest growing segment | Crop Protection Chemicals |
| 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, China accounted for 32.5% of the global agrochemicals market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China agrochemicals market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 51,291.0 million by 2030.
Fertilizers was the largest segment with a revenue share of 93.31% in 2023. Horizon Databook has segmented the China 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.
China accounted for majority of the market share in the Asia Pacific agrochemicals market. China accounted for a market share of around 48.8% in 2020 in terms of volume. The large consumption of fertilizers and crop protection chemicals owing to the large production of agricultural commodities in the country is the major factor for this growth.
China is one of the major consumers, exporters, and producer of fertilizers and pesticides in the world. According to University of Melbourne and Zhejiang researcher Baojing Gu, China is the major agricultural user of pesticides in the world.
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Agrochemicals Market Scope
Agrochemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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China agrochemicals market size, by product, 2018-2030 (US$M)
China Agrochemicals Market Outlook Share, 2023 & 2030 (US$M)
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