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).

• A trend of increased pesticide usage in the region was observed during drought conditions to control pests such as aphids, compared to seasons with normal rainfall patterns. Farmers tend to use higher amounts of pesticides against climate variability to continue and maintain production.
• Farmers in the region need access to agricultural inputs such as fertilizers, pesticides, fungicides, etc., for crop production. However, the government is pushing the agricultural section through various initiatives. For instance, a featured element of the Angolan government's National Development Plan for 2018-2022 includes agricultural development to diversify the economy and build domestic food production capacity that will decrease the country's dependence on imported food. This focus on domestic production would essentially also create demand for agrochemicals. Further, several hectares of farmland were adversely affected by worms in countries like Zimbabwe and Namibia.
• For instance, in 2020, the Ministry of Agriculture in Namibia issued a public notice to farmers about the fall armyworm outbreak that hit the Zambezi region. Due to the growing demand for food safety and quality, biopesticides are also gaining increasing popularity over their synthetic counterparts. Therefore, the increasing concern over food production, coupled with the emergence of new pests and diseases due to erratic climatic conditions, is expected to boost the usage of agrochemicals. That is likely to reflect a positive trend for the market during the forecast period.

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 Market, Pesticides Market, Adjuvants Market, and Plant Growth Regulators Market), Application (Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Commercial Crops, and Other Applications), and Geography (Congo, Malawi, Mozambique, Zambia, and Rest of Africa). The report offers the market size and forecasts in terms of value (in USD thousand) for all the above segments.