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Global market for pesticides and other agricultural chemicals in 2023
8/19/2023 12:11:58 PM

Global market for pesticides and other agricultural chemicals in 2023

10 large companies practically manage the market of pesticides and other agricultural chemical products globally.


The global market for pesticides and other agrochemicals will grow from USD 90.5 billion in 2022 to USD 98.42 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war has hampered the chances of the global economy recovering from the Covid-19 pandemic, at least in the short term. The war between the two countries has led to economic sanctions on several countries, increased commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets around the world. The market for pesticides and other agrochemicals is expected to grow to USD 139.42 billion in 2027 at a CAGR of 9.1%.

In the pesticides and other agricultural chemicals market in 2022, Asia Pacific followed by Western Europe were the largest market for pesticides and other agricultural chemicals.

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