Europe Agrochemicals Market Size & Outlook, 2023-2030
Europe agrochemicals market, 2018-2030 (US$M)
Related Markets
Europe agrochemicals market highlights
- The Europe agrochemicals market generated a revenue of USD 38,611.4 million in 2023.
- The market is expected to grow at a CAGR of 3.6% 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, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 38,611.4 million |
| Market revenue in 2030 | USD 49,458.9 million |
| Growth rate | 3.6% (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, Europe region accounted for 14.2% 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 68.03% in 2023. Horizon Databook has segmented the Europe 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.
Europe, in terms of revenue, accounted for 24.5% of the market share in 2020. European countries, such as Germany, France, UK and Italy, were the major contributor in the market growth in 2020. However, countries such as Spain, Bulgaria, Romania, among others have witnessed rapid growth on account of increasing investments in the agricultural sector and better water preservation techniques.
These factors have resulted in growing agricultural activities in this region, consequently boosting the demand for agrochemicals The agrochemicals market product segment was dominated by fertilizers in Europe in 2020. The penetration of fertilizers in the European market has increased owing to decreasing arable land due to industrialization and population expansion.
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Agrochemicals Market Scope
Agrochemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe agrochemicals market size, by country, 2018-2030 (US$M)
Europe Agrochemicals Market Outlook Share, 2023 & 2030 (US$M)
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