Japan Agrochemicals Market Size & Outlook, 2023-2030
Japan agrochemicals market, 2018-2030 (US$M)
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Japan agrochemicals market highlights
- The Japan agrochemicals market generated a revenue of USD 3,711.3 million in 2023 and is expected to reach USD 5,193.1 million by 2030.
- The Japan market is expected to grow at a CAGR of 4.9% 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 3,711.3 million |
| Market revenue in 2030 | USD 5,193.1 million |
| Growth rate | 4.9% (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, Japan 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 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 70.48% in 2023. Horizon Databook has segmented the Japan 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.
Japan accounted for only 5.9% of the Asia Pacific agrochemicals market volume share in 2020. The Country is the largest importer of food and agricultural products in the world.
According to the International Trade Administration (ITA), Japan was the fourth largest single-country export market for U.S. agricultural commodities in 2019. The agricultural exports to the Japan by the U.S. were valued at USD 11.7 billion in 2019.
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Agrochemicals Market Scope
Agrochemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan agrochemicals market size, by product, 2018-2030 (US$M)
Japan Agrochemicals Market Outlook Share, 2023 & 2030 (US$M)
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