The U.S. agrochemicals market size was exhibited at USD 33.85 billion in 2023 and is projected to hit around USD 37.80 billion by 2033, growing at a CAGR of 1.11% during the forecast period 2024 to 2033.
Report Coverage | Details |
Market Size in 2024 | USD 34.23 Billion |
Market Size by 2033 | USD 37.80 Billion |
Growth Rate From 2024 to 2033 | CAGR of 1.11% |
Base Year | 2023 |
Forecast Period | 2024-2033 |
Segments Covered | Product, Crop, Application |
Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
Country scope | U.S. |
Key Companies Profiled | FMC Corporation, Nutrien Ltd, Bayer Crop Science, Gowan, Inc., Dow Agro Sciences, Syngenta, BASF, Corteva Agriscience, ADM, Yara International ASA. |
The growth is attributed to the increasing demand for food linked with the growing population, which subsequently drives higher demand for fertilizers and crop protection products. Increasing the use of fertilizers by the farmers to supply nutrients to the crops and enhance their yield is a key factor driving the agrochemicals demand.
The United States is one of the most dominant players in the agrochemicals market. According to data from the Food and Agriculture Organization (FAO), the agricultural utilization of nitrogen fertilizers in the United States witnessed a marginal increase from 11,581.7 thousand metric tons in 2017 to 11,672.4 thousand metric tons in 2019. Similarly, the agricultural use of pesticides remained relatively stable, standing at 407,779 metric tons in 2019.
Amidst escalating demand for nutritious food and the imperative to enhance production and productivity, farmers are compelled to intensify their utilization of fertilizers and pesticides to mitigate crop losses. This underscores the indispensable role of agrochemicals in modern agriculture, serving as indispensable tools to safeguard crop yields and ensure food security amidst evolving agricultural landscapes.
Fertilizers dominated the market with the largest revenue share of 66.8% in 2023. The demand for fertilizers remains high owing to their crucial role in enhancing crop yield and quality in controlled environments.
Alongside fertilizers, crop protection chemicals constitute a significant segment, playing a vital role in safeguarding crops from pests, diseases, and weeds, thereby ensuring optimal yields and quality produce. Additionally, plant growth regulators have emerged as the fastest-growing segment in 2023. This growth reflects the industry's shift towards advanced cultivation techniques and the emphasis on maximizing yield efficiency.
Nitrogenous fertilizers dominated the market in 2023, accounting for more than half of the market share. These fertilizers play a critical role in promoting robust plant growth and are essential for the synthesis of proteins and chlorophyll. Alongside nitrogenous fertilizers, phosphatic and potassic fertilizers are key components of farming practices, providing essential nutrients for plant development and soil fertility management.
Moreover, secondary fertilizers, including calcium, magnesium, and sulfur fertilizers, emerged as the fastest-growing segment with a notable compound annual growth rate (CAGR) of 3.8%. This growth underscores the increasing recognition of the importance of micronutrients in optimizing plant health and productivity in farming systems.
Herbicides command the largest market share in crop protection, comprising 45% of the market. These chemical compounds play a crucial role in controlling unwanted vegetation, ensuring the health and vitality of cultivated crops by minimizing competition for resources. Following closely, insecticides represent the second-largest segment and exhibit the fastest growth with a notable CAGR of 3.2%. This growth underscores the increasing emphasis on pest management strategies to mitigate losses and enhance yield efficiency in farming operations.
Cereals and grains dominate the US agrochemicals market, capturing nearly 48% of the market share in 2023. This category encompasses staple crops like corn, wheat, rice, oats, and barley, with corn being the primary feed grain, accounting for over 95% of total production and consumption.
Fruits & Vegetables represent the fastest-growing segment, with a projected CAGR of 2.5% over the forecast period. This growth trajectory reflects the rising consumer demand for fresh and high-quality fruits and vegetables, coupled with advancements in farming technologies aimed at enhancing productivity and sustainability in fruit and vegetable cultivation.
Following closely, oilseeds & pulses emerge as the second fastest-growing segment, forecasted to experience a notable compound annual growth rate (CAGR) of 2% over the forecast period. This growth is indicative of the increasing demand for oilseeds and pulses, driven by their versatile applications in food, feed, and industrial sectors.
This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the U.S. agrochemicals market
Product
Application
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Insights
2.2. Segment Outlook
2.3. Competitive Landscape Snapshot
Chapter 3. U.S. Agrochemicals Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Trends
3.2.2. Technology Trends
3.2.3. Sales Channel Analysis
3.3. Price Trend Analysis, 2018 - 2030
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. U.S. Agrochemicals Market- Business Environment Analysis
3.6.1. Industry Analysis- Porter’s Five Force Analysis
3.6.2. Industry Analysis- Macroeconomic Factors Analysis
Chapter 4. U.S. Agrochemicals Market: Product Estimates & Trend Analysis
4.1. Product Movement Analysis & Market Share, 2024 & 2033
4.2. U.S. Agrochemicals Market Estimates & Forecast, By Product, 2021 - 2030 (USD Million)
4.3. Fertilizers
4.3.1. Market Estimates and Forecasts, 2021 - 2033
4.4. Crop Protection Chemicals
4.4.1. Market Estimates and Forecasts, 2021 - 2033
4.5. Plant Growth Regulators
4.5.1. Market Estimates and Forecasts, 2021 - 2033
4.6. Others
4.6.1. Market Estimates and Forecasts, 2021 - 2033
Chapter 5. U.S. Agrochemicals Market: Fertilizers Estimates & Trend Analysis
5.1. Fertilizers Movement Analysis & Market Share, 2024 & 2033
5.2. U.S. Agrochemicals Market Estimates & Forecast, By Fertilizers, 2021 to 2033 (Kilotons) (USD Million)
5.3. Nitrogenous
5.3.1. Market Estimates and Forecasts, 2021 - 2033
5.4. Phosphatic
5.4.1. Market Estimates and Forecasts, 2021 - 2033
5.5. Potassic
5.5.1. Market Estimates and Forecasts, 2021 - 2033
5.6. Secondary Fertilizers
5.6.1. Market Estimates and Forecasts, 2021 - 2033
5.7. Others
5.7.1. Market Estimates and Forecasts, 2021 - 2033
Chapter 6. U.S. Agrochemicals Market: Crop Protection Chemicals Estimates & Trend Analysis
6.1. Crop Protection Chemicals Movement Analysis & Market Share, 2024 & 2033
6.2. U.S. Agrochemicals Market Estimates & Forecast, By Crop Protection Chemicals, 2021 to 2033 (Kilotons) (USD Million)
6.3. Herbicides
6.3.1. Market Estimates and Forecasts, 2021 - 2033
6.4. Insecticides
6.4.1. Market Estimates and Forecasts, 2021 - 2033
6.5. Fungicides
6.5.1. Market Estimates and Forecasts, 2021 - 2033
6.6. Others
6.6.1. Market Estimates and Forecasts, 2021 - 2033
Chapter 7. U.S. Agrochemicals Market: Application Estimates & Trend Analysis
7.1. Application Movement Analysis & Market Share, 2024 & 2033
7.2. U.S. Agrochemicals Market Estimates & Forecast, By Application, 2021 to 2033 (Kilotons) (USD Million)
7.3. Cereal & Grains
7.3.1. Market Estimates and Forecasts, 2021 - 2033
7.4. Oilseeds & Pulses
7.4.1. Market Estimates and Forecasts, 2021 - 2033
7.5. Fruits & Vegetables
7.5.1. Market Estimates and Forecasts, 2021 - 2033
7.6. Others
7.6.1. Market Estimates and Forecasts, 2021 - 2033
Chapter 8. U.S. Agrochemicals Market - Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Company Categorization
8.3. Company Market Share/Position Analysis, 2024
8.4. Company Heat Map Analysis
8.5. Strategy Mapping
8.5.1. Expansion
8.5.2. Mergers & Acquisition
8.5.3. Partnerships & Collaborations
8.5.4. New Process Launches
8.5.5. Research And Development
8.6. Company Profiles (Business Overview, Financial Performance, Product Benchmarking)
8.6.1. Syngenta
8.6.2. BASF SE
8.6.3. Bayer Crop Science
8.6.4. Corteva
8.6.5. FMC Corporation
8.6.6. Nutrien Ltd
8.6.7. Gowan, Inc.
8.6.8. Dow Agro Sciences
8.6.9. Corteva Agriscience
8.6.10. Yara International ASA