Africa Agrochemicals Market 2024

Africa Agrochemicals Market 2024

In the region, a noticeable trend is the heightened usage of pesticides during drought periods to combat pests like aphids, particularly when compared to periods with regular rainfall. This trend stems from farmers' efforts to manage pest pressures amidst climate variability, ensuring continuous production levels by resorting to increased pesticide applications.

Moreover, farmers in the region face challenges regarding limited access to essential agricultural inputs such as fertilizers, pesticides, and fungicides, crucial for crop production. Nonetheless, governmental initiatives are underway to bolster the agricultural sector.

The drivers influencing this scenario include the escalating food demand driven by rapid population growth, the imperative for enhanced land productivity, and the rising need for diversified applications of agrochemicals.

Conversely, constraints in this context are characterized by environmental and regulatory limitations, alongside the growing preference for natural and eco-friendly alternatives to conventional agrochemicals.

The agrochemicals in Africa market size is projected to grow by USD 2.5 billion from 2024 to 2030, registering a CAGR of 4.8 percent, according to the latest market data.

This comprehensive industry report provides market estimates and forecasts, accompanied by a detailed examination of the product type, application, and country aspects. It delivers a quantitative analysis of the market, empowering stakeholders to leverage existing market opportunities. Furthermore, the report identifies key segments for potential opportunities and strategies, drawing insights from market trends and the approaches of leading competitors.

The global agrochemicals market has been extensively analyzed by categorizing it according to various sub-segments in order to provide accurate forecasts of industry size and assess trends within specific areas.

The Africa market for agrochemicals can be segmented by product type: agricultural adjuvants, fertilizers, pesticides, plant growth regulators. According to the research, the fertilizers segment had the largest share in the agrochemicals market in Africa, accounting for more than 77.6% of the total market.

Agrochemicals market is further segmented by application: cereals and grains, commercial crops, fruits and vegetables, pulses and oilseeds, others. In 2023, the cereals and grains segment made up the largest share of revenue generated by the agrochemicals market, accounting for more than 45.5% of the total market.

Based on country, the agrochemicals market is segmented into: South Africa, Nigeria, Congo, Mozambique, Zambia, Kenya, Ethiopia, Egypt, Rest of Africa.

The report explores the recent developments and profiles of key vendors in the Agrochemicals Market in Africa, including BASF SE, Bayer AG, Belaruskali JSC, China National Chemical Corporation, Corteva, Inc., FMC Corporation, ICL Group Ltd., K+S AG, Nufarm Limited, OCP S.A., PJSC Uralkali, Sasol Limited, Sociedad Quimica y Minera de Chile S.A., Sumitomo Corporation, Syngenta International AG, UPL Limited, Yara International ASA, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Why Choose This Report

Gain a reliable outlook of the agrochemicals market in Africa forecasts from 2024 to 2030 across scenarios.

Identify growth segments for investment.

Stay ahead of competitors through company profiles and market data.

The market estimate for ease of analysis across scenarios in Excel format.

Strategy consulting and research support for three months.

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Market Segments Covered in Africa Agrochemicals Industry Analysis:

i.) Product type

• Agricultural adjuvants
• Fertilizers
• Pesticides
• Plant growth regulators

ii.) Application

• Cereals and grains
• Commercial crops
• Fruits and vegetables
• Pulses and oilseeds
• Others

iii.) Country

• South Africa
• Nigeria
• Congo
• Mozambique
• Zambia
• Kenya
• Ethiopia
• Egypt
• Rest of Africa