Colombia Agrochemicals Market Size & Outlook, 2023-2030
Colombia agrochemicals market, 2018-2030 (US$M)
Related Markets
Colombia agrochemicals market highlights
- The Colombia agrochemicals market generated a revenue of USD 3,680.9 million in 2023 and is expected to reach USD 4,900.4 million by 2030.
- The Colombia market is expected to grow at a CAGR of 4.2% 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 3,680.9 million |
| Market revenue in 2030 | USD 4,900.4 million |
| Growth rate | 4.2% (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, Colombia accounted for 1.4% 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 52.57% in 2023. Horizon Databook has segmented the Colombia 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.
Colombia accounted for 4.3% of the CSA agrochemicals market in 2020 in terms of volume. The increasing production of agricultural commodities and growing consumption of fertilizers and pesticides in the country are the major factors for the market growth. According to FAO, Colombia is among the top 10 consumer of pesticides in the world.
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Agrochemicals Market Scope
Agrochemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Colombia agrochemicals market size, by product, 2018-2030 (US$M)
Colombia Agrochemicals Market Outlook Share, 2023 & 2030 (US$M)
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