South Africa Agrochemicals Market Size & Outlook
South Africa agrochemicals market, 2018-2030 (US$M)
Related Markets
South Africa agrochemicals market highlights
- The South Africa agrochemicals market generated a revenue of USD 1,902.2 million in 2023 and is expected to reach USD 2,757.9 million by 2030.
- The South Africa market is expected to grow at a CAGR of 5.4% 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 1,902.2 million |
| Market revenue in 2030 | USD 2,757.9 million |
| Growth rate | 5.4% (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, South Africa accounted for 0.7% of the global agrochemicals market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa agrochemicals market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2,757.9 million by 2030.
Fertilizers was the largest segment with a revenue share of 66% in 2023. Horizon Databook has segmented the South Africa 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.
South America accounted for 27.5% of the Middle East and Africa agrochemicals market. According to ITA, the agricultural industry contributed approximately 10% to the total export earnings of South Africa in 2020. The major crops exported include citrus, apples, corn, table grapes and other products.
Africa is heavily reliant on its agricultural sector. Over 60% of all jobs in Africa are due to agriculture and related industries. New farming techniques, improved irrigation facilities, and more resilient food crops have resulted in growing demand for agrochemicals in the African region.
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Agrochemicals Market Scope
Agrochemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa agrochemicals market size, by product, 2018-2030 (US$M)
South Africa Agrochemicals Market Outlook Share, 2023 & 2030 (US$M)
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