U.S. Agrochemicals Market Size & Outlook, 2023-2030
U.S. agrochemicals market, 2018-2030 (US$M)
Related Markets
U.S. agrochemicals market highlights
- The U.S. agrochemicals market generated a revenue of USD 27,232.8 million in 2023 and is expected to reach USD 39,002.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5.3% 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 27,232.8 million |
| Market revenue in 2030 | USD 39,002.2 million |
| Growth rate | 5.3% (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, U.S. accounted for 10.0% 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 64% in 2023. Horizon Databook has segmented the U.S. 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.
The U.S. accounted for a 73.1% market share in the North America agrochemicals market in terms of volume. The U.S. spearheading revenue growth due to growth in the animal feed industry. In addition, the adoption of the new agricultural techniques such as precision farming is expected to boost the demand for agrochemicals in the country.
The U.S. is one of the oldest markets for agrochemicals in the world. U.S. is one of the major foods producing countries and also ranks among the top 10 countries by geography. It ranks 3rd among the world’s dominant food producing countries.
The U.S. accounted for majority of the market share in the North America agrochemicals market. Increasing demand for crops such as maize, sorghum, blueberry, Soybean, among others in the country is driving the agrochemicals market.
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Agrochemicals Market Scope
Agrochemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. agrochemicals market size, by product, 2018-2030 (US$M)
U.S. Agrochemicals Market Outlook Share, 2023 & 2030 (US$M)
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