Mexico Agrochemicals Market Size & Outlook, 2023-2030
Mexico agrochemicals market, 2018-2030 (US$M)
Related Markets
Mexico agrochemicals market highlights
- The Mexico agrochemicals market generated a revenue of USD 2,814.9 million in 2023 and is expected to reach USD 4,001.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.2% 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 2,814.9 million |
| Market revenue in 2030 | USD 4,001.5 million |
| Growth rate | 5.2% (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, Mexico accounted for 1.0% of the global agrochemicals market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. agrochemicals market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 39,002.2 million by 2030.
Fertilizers was the largest segment with a revenue share of 74.58% in 2023. Horizon Databook has segmented the Mexico 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.
Mexico agrochemicals market is expected to grow fastest compared to other countries in the region. The growth of Mexico can be attributed to the increasing usage of pesticides in the country to enhance crop production.
According to FAO, the consumption of pesticides in Mexico was only 26.6 thousand tons in 2000. The consumption of pesticides increased twice in 2018 compared the consumption in 2000. The consumption of pesticides in Mexico was estimated at 53.1 thousand tons in 2018.
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Agrochemicals Market Scope
Agrochemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico agrochemicals market size, by product, 2018-2030 (US$M)
Mexico Agrochemicals Market Outlook Share, 2023 & 2030 (US$M)
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