Africa Agrochemicals Market Size (2024 - 2029)

Africa Agrochemicals Market Analysis

The Africa Agrochemicals Market size is estimated at USD 7.70 billion in 2024, and is expected to reach USD 9.63 billion by 2029, growing at a CAGR of 4.60% during the forecast period (2024-2029).

• Climate change is significantly reshaping Africa's agricultural landscape. Researchers from the Climate Hazards Center (CHC) at the University of California have highlighted that from late January to mid-March 2024, Africa experienced only half or less of its typical rainfall. These changing weather patterns, a direct consequence of climate change, are not only altering the distribution and development of insect pests but also affecting their population dynamics. Such changes may pave the way for both native and foreign species to spread more easily. For instance, during droughts, farmers ramped up pesticide use to tackle pests like aphids, a practice they didn't adopt during regular rainfall periods. To adapt to these climatic shifts and sustain production, farmers are turning to agrochemicals more than ever.
• Access to essential agricultural inputs, such as fertilizers and pesticides, is crucial for regional farmers. In light of this, African governments are intensifying their agricultural commitments. For instance, through the Comprehensive African Agricultural Development Programme (CAADP), African nations have set a 2063 agenda aiming to combat hunger and poverty. This is to be achieved by channeling at least 10% of their national budgets into agriculture and rural development, with a target growth rate of 6% annually. Such governmental initiatives to boost productivity are directly fueling the agrochemicals market, as these inputs are essential for cultivating fertilizer-responsive crops that meet the region's consumption demands.

Africa Agrochemicals Industry Segmentation

Agrochemicals are pesticides, herbicides, or fertilizers used for the management of ecosystems in agricultural sectors. The African Agrochemicals Market is Segmented by Product Type (Fertilizer, Pesticides, Adjuvants, and Plant Growth Regulators), Application (Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, and Commercial Crops), and Geography (Congo, Malawi, Mozambique, Zambia, and Rest of Africa). The report offers the market size and forecasts in terms of value in USD and volume in Metric Tons for all the above segments.