Agrochemicals Market Size, Share, Growth Analysis, By Fertilizer Type(Nitrogen Fertilizer, Phosphatic Fertilizer, Potassic Fertilizer), By Pesticide Type(Fungicides, Herbicides, Insecticides, Others), By Crop Type(Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), By Mode of Application(Foliar, Fertigation, Others), By Region - Industry Forecast 2024-2031

Asia Pacific had the top regional market position with a significant revenue share. The region is the world's top producer of agricultural products. India, China, and Japan are among the primary contributors to the regional market. China is the world's biggest exporter and manufacturer of pesticides, according to the International Trade Center (ITC) and FAO. India, behind China, Japan, and the United States, is the world's fourth-largest producer of agrochemicals, according to the Organization for Economic Co-operation and Development (OECD) and FAO. The agricultural industry has a significant impact on the regional per capita income. According to Baojing GU of the Universities of Melbourne and Zhejiang, China is the country that uses the most pesticides in agriculture globally. Over 30% of the world's pesticides and fertilizers are consumed there, while over 90% of the world's technical raw material needs are met. By analysis of future, the region is anticipated to produce 53% of the world's seafood and agricultural goods. The region's population, will increase by millions of people at a certain CAGR. The total amount of arable land in the region is decreasing as a result of the rising population, and fast urbanization and industrialization. As a result, farmers use agrochemicals that aid in boosting productivity and production.

The United States is one of the world's largest food producers and one of the top ten countries in terms of geography. The United States dominated the North American agrochemicals market due to rising demand for commodities such as blueberries, sorghum, soy, and maize. Furthermore, the United States is the world's largest producer of blueberries, almonds, sorghum, and maize. It is also, after Brazil, the country with the highest soybean production. These are the primary drivers of market growth in the region. The United States is a significant producer, consumer, and exporter of agrochemicals, according to the FAO. The country's agrochemical industry is growing as a result of improved weather patterns, higher grain commodity prices, and fewer trade tensions with China, among other factors.