Germany Agrochemicals Market Size & Outlook, 2023-2030
Germany agrochemicals market, 2018-2030 (US$M)
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Germany agrochemicals market highlights
- The Germany agrochemicals market generated a revenue of USD 4,124.4 million in 2023 and is expected to reach USD 5,993.7 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, fertilizers was the largest revenue generating product in 2023.
- Fertilizers is the most lucrative product segment registering the fastest growth during the forecast period.
Agrochemicals market data book summary
| Market revenue in 2023 | USD 4,124.4 million |
| Market revenue in 2030 | USD 5,993.7 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Fertilizers |
| Fastest growing segment | Fertilizers |
| 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, Germany accounted for 1.5% of the global agrochemicals market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, France agrochemicals market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 3,279.3 million by 2030.
Fertilizers was the largest segment with a revenue share of 57.19% in 2023. Horizon Databook has segmented the Germany 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.
Germany is the second largest market in Europe agrochemicals market. The country accounted for a volume market share of 13.2% in 2020. Germany is one of the prominent crop producers in Europe. Germany is among the top 25 countries with most arable land. The country has around 34% of arable land.
Germany is among the top 10 crop producing countries in the world. The country is focusing on organic farming. Around 10% of the German farmers are engaged in the organic farming. Germany majorly produces potatoes, barley, cereals, wheat, cabbages, and sugar beets.
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Agrochemicals Market Scope
Agrochemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany agrochemicals market size, by product, 2018-2030 (US$M)
Germany Agrochemicals Market Outlook Share, 2023 & 2030 (US$M)
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