Luton, Bedfordshire, United Kingdom, June 24, 2025 (GLOBE NEWSWIRE) — Agrochemicals and Pesticides Market Outlook (2024–2034): The Evolution of Modern Farming Inputs
As the global population continues to rise and agricultural land becomes increasingly pressured by climate variability, the demand for productivity-enhancing agricultural inputs has surged. Agrochemicals—chiefly pesticides, fertilizers, and soil conditioners—are essential tools in modern agriculture. These chemical and biological agents help safeguard yields, improve soil health, and ensure consistent food supply, particularly across regions facing volatile climate and pest pressures.
In 2024, the global agrochemicals market is valued at approximately USD 247.3 billion. With emerging trends in sustainability, technological integration, and crop diversification, the market is projected to reach USD 412.7 billion by 2034, growing at a CAGR of 5.2% during the forecast period.
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Pesticides: The Core of Agrochemical Application
Pesticides represent the most significant product segment within agrochemicals. These include herbicides, insecticides, fungicides, and nematicides, which serve distinct crop protection roles.
The global pesticides market alone accounts for USD 137.5 billion in 2024, expected to reach USD 239.1 billion by 2034, at a CAGR of 5.6%. Herbicides lead the market, fueled by large-scale cereal cultivation, especially in Asia-Pacific and Latin America.
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Market Segments by Type:
- Herbicides (weed control in wheat, maize, soy)
- Insecticides (protection for cotton, fruits, and vegetables)
- Fungicides (disease control in grapes, potatoes, rice)
- Biopesticides (organic alternatives for sustainable farming)
Key Players: Bayer CropScience, Syngenta, BASF SE, Corteva Agriscience, FMC Corporation, UPL Ltd., Sumitomo Chemical, Nufarm, Adama, and PI Industries.
Biopesticides: Driving Sustainable Agrochemical Growth
Biopesticides—microbial, plant-based, or naturally occurring substances—are a growing sub-sector within agrochemicals. As demand for organic and residue-free food products rises, these eco-friendly solutions are replacing or supplementing synthetic chemicals.
In 2024, the biopesticides market is valued at USD 7.2 billion, and by 2034, it is projected to exceed USD 20.9 billion, expanding at an impressive CAGR of 11.4%.
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Biopesticides are used extensively in high-value crops like grapes, apples, strawberries, and vegetables. They are also key enablers of Integrated Pest Management (IPM) strategies, where chemical and biological tools are applied in synergy to minimize resistance and reduce environmental impact.
Companies such as Marrone Bio Innovations, Bioworks, Certis Biologicals, and Novozymes are at the forefront of this niche.
Regional Trends: Asia-Pacific Leads the Demand Surge
Agrochemical consumption varies widely across geographies. The Asia-Pacific region—especially India and China—dominates global agrochemical usage due to large arable land areas, high cropping intensity, and pest pressure.
In 2024, Asia-Pacific accounts for 37.2% of global agrochemical sales, projected to rise to over 41.8% by 2034. Countries like Brazil, Argentina, and Vietnam are also emerging as growth engines.
Government subsidies and favorable pesticide import/export regulations in these regions are enabling widespread use of both synthetic and biological also known as agrichemicals.
Meanwhile, Europe is focusing on regulatory restrictions and sustainable pesticide formulations, driving innovations in low-toxicity, biodegradable, and precision-applied agrochemicals.
Trends in Agrochemical Formulation and Distribution
Modern agrochemical formulations have advanced beyond simple liquids and powders. Today’s products include microencapsulated, slow-release, nano-formulated, and combination pesticides, offering enhanced efficacy with minimal residue.
Additionally, distribution channels are evolving:
- B2B agrochemical cooperatives are growing in India and Latin America
- Digital platforms and agro e-commerce networks now deliver agro chemicals directly to farmers
- Precision agriculture tools help determine exact pesticide usage, reducing waste
Companies like BASF, UPL, and Corteva are investing heavily in digital extension platforms, drone spraying partnerships, and AI-based pest forecasting models.
Integrated Pest Management (IPM): Strategic Agrochemical Use
IPM strategies, supported by international food security guidelines, promote the judicious use of agrochemicals, balancing synthetic and biological interventions to reduce pest resistance and environmental load.
Pesticides remain a critical pillar in IPM, especially in disease-prone crops like bananas, potatoes, and tomatoes. Agrochemical rotation, trap cropping, and crop scouting are part of broader farm advisory services provided by companies like Bayer CropScience, Syngenta, and Adama.
Agrochemical Raw Materials Market
The upstream supply chain of agrochemicals is dominated by the production of active ingredients, solvents, and emulsifiers. China is a global hub for manufacturing pesticide precursors, with India catching up through “Make in India” policies.
Raw material market value in 2024 stands at USD 46.9 billion, expected to reach USD 76.2 billion by 2034 (CAGR of 5.1%).
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The shift toward green chemistry is influencing sourcing decisions, with emphasis on plant-derived actives and biodegradable adjuvants.
Crop-Specific Demand for Agrochemicals
Different crops demand customized agrochemical regimens:
- Cereals & Grains (wheat, rice, maize): Herbicides and fungicides dominate
- Fruits & Vegetables: Require insecticides, fungicides, and biopesticides
- Cash Crops (cotton, sugarcane): Insecticide-intensive
- Plantation Crops (coffee, tea, rubber): Mixture of all pesticide types
Agrochemical application rates differ across seasonal, perennial, and greenhouse crops. Vertical farming in urban areas is creating niche demand for low-residue, water-soluble pesticides.
Surge in Demand for Digital Farming Integration
The agrochemical industry is witnessing a significant pivot toward digital farming platforms. Companies are increasingly offering smart advisory services bundled with agrochemical products. Platforms using AI, remote sensing, and big data are allowing farmers to diagnose soil fertility, predict pest infestations, and optimize agrochemical application on a micro-level. Bayer’s Climate FieldView and Syngenta’s Cropwise are notable examples of this integration. These platforms are reshaping product delivery—from one-size-fits-all solutions to farm-specific prescriptions based on real-time environmental and crop data.
Climate-Resilient Agrochemical Solutions
With climate volatility intensifying, there is rising demand for climate-resilient crop protection. Recent innovations focus on formulating agrochemicals that perform under extreme temperatures, irregular rainfall, and drought conditions. Corteva and FMC are developing heat-stable fungicides and insecticides that retain potency even in high-stress agricultural zones. This shift is crucial for tropical and subtropical farming regions, particularly in Sub-Saharan Africa and South Asia, where climate change is already affecting crop yields and pest behaviors.
Breakthroughs in RNAi-Based Pesticides
A notable frontier in pesticide innovation is the development of RNA interference (RNAi) technology. These next-generation pesticides operate by disrupting gene expression in target pests, offering high precision with minimal impact on non-target organisms. In 2024, GreenLight Biosciences and Syngenta made headlines by advancing RNAi formulations aimed at corn rootworm and leafhoppers. Regulatory approval pipelines are being fast-tracked due to their safety, biodegradability, and potential to reduce resistance buildup among pests.
Push Toward Zero-Residue Agrochemicals
Growing consumer and regulatory pressure has led to a surge in demand for zero-residue pesticide formulations. These products are designed to degrade rapidly post-application, leaving no harmful trace on food or soil. Companies like UPL and BASF are introducing biodegradable and photodegradable agents that align with export requirements from markets like the EU and Japan. Such products are being tested extensively on fruits, vegetables, and export-quality cereals.
Precision Breeding and Agrochemical Synergies
There is a growing collaboration between seed companies and agrochemical firms to develop crop varieties with built-in resistance that work synergistically with specific pesticides or biostimulants. This gene-to-chemical alignment improves efficacy and reduces chemical load. For instance, Corteva’s collaboration with biotechnology firms is producing corn and soybean strains that require fewer applications of selective herbicides, thereby lowering input costs while maintaining yield.
Market Segmentation Overview
By Product Type:
- Herbicides
- Insecticides
- Fungicides
- Biopesticides
- Soil Conditioners
- Crop Nutrient Synergists
By Crop Type:
- Cereals & Grains
- Fruits & Vegetables
- Oilseeds & Pulses
- Plantation Crops
- Turf & Ornamentals
By Formulation:
- Emulsifiable Concentrates (EC)
- Wettable Powders (WP)
- Suspension Concentrates (SC)
- Granules, Microcapsules, Nanoformulations
By Distribution Channel: