Pesticides Industry in Pakistan Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Agrochemical Companies in Pakistan and the Market is segmented by Type (Fertilizers, Pesticides, Adjuvants, and Plant Growth Regulators) and Application (Grains and Cereals, Pulses, Oilseeds, Fruits and Vegetables, Turf and Ornamentals, and Other Applications).

Pakistan Agrochemicals Market Size

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Pakistan Agrochemicals Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 345.59 Million
Market Size (2029) USD 507.55 Million
CAGR (2024 - 2029) 7.99 %
Market Concentration High

Major Players

Pakistan Agrochemicals Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Pakistan Agrochemicals Market Analysis

The Pakistan Agrochemicals Market size is estimated at USD 345.59 million in 2024, and is expected to reach USD 507.55 million by 2029, growing at a CAGR of 7.99% during the forecast period (2024-2029).

  • Agrochemicals are essential for crop protection and increased yield during the pre-harvest stage. Utilizing crop protection agents wisely promotes sustainable farm management and provides socioeconomic advantages to address the challenges of feeding a population that is always expanding. Therefore, farmers use agrochemicals to fuel the market for sustainable development of agricultural production in the country.
  • The fertilizer segment is the largest agrochemical market in the country due to the technical and scientific advancements that have made fertilizers more efficient in recent years and have helped farmers maximize fertilizers' benefits while reducing risks. For instance, slow-release fertilizers and controlled-release fertilizers are widely used in broad-acre crops like maize, wheat, cotton, etc. In Pakistan, fertilizer usage is influenced by location, water availability, costs, and the timely availability of various products.
  • Insect pests are the major cause of crop damage, yield, and quality reduction in Pakistan. The pest problem in the country has increased with the introduction of high-yielding and fertilizer-responsive varieties, which prove susceptible to various pests.
  • The adoption of sustainable farming technologies, increasing adoption of biobased agrochemicals, government subsidies, and the need for increased land productivity are some of the major factors driving the market growth in the country.

Pakistan Agrochemicals Market Trends

This section covers the major market trends shaping the Pakistan Agrochemicals Market according to our research experts:

Need for Increased Land Productivity

  • The focus of the agricultural sector is to increase productivity and food security in the country. However, the country's agricultural productivity has fluctuated over the years compared to neighboring regional economies. Cereal crops require many agrochemicals in the country, particularly wheat, rice, and maize. Wheat is one of the major crops cultivated in the country, whose area under cultivation was increased from 8.8 million ha in 2018 to 9.2 million ha in 2021. The increase in the area under cultivation drives the demand for agrochemicals in the country during the forecast period.
  • The use of agrochemicals increases productivity which drives the market. For instance, rice productivity increased from 2,562.9 kg/ha in 2018 to 3,953.2 kg/ha in 2021.
  • In the case of vegetable crops, both herbicides and insecticides are used to protect major crops such as tomatoes, onions, chilis, peppers, etc., as they are the primary vegetables produced in the country. The pesticides are effective in combating pests and increasing the yield of the crops. The share of the application of agrochemical products on fruit crops is anticipated to increase. It is anticipated that the agrochemicals market in Pakistan will continue to grow in the coming years, majorly due to the growing population, increasing focus on food security, increased investment in research and development, the need to enhance land productivity, and an increase in farming income.
Pakistan Agrochemicals Market: Yield in kgha, Rice, 2020-2021

Grains and Cereals Dominate the Market

  • As per studies, cereal crops, especially wheat, rice, and maize, have contributed the highest to the overall agrochemical demand. Maximum demand for agrochemical products, such as pesticides, is generated by cereal crop growers in the country.
  • According to the Food and Agriculture Organization, in 2021, the country showed an increase in the cultivation and production of grains and cereals, which accounted for most of the country's production. In 2018, the total cereal production in the country was reported to be 39.7 million metric tons which will increase to 52.4 million metric tons in 2021. This is anticipated to drive the demand for agrochemical products over the forecast period.
  • Wheat, Pakistan's largest crop in area sown, is grown under different agroecological zones. In irrigated areas, wheat is planted after cotton, rice, and sugarcane, while in rainfed areas, wheat is grown at the same time as maize and millet. Also, there is a heavy demand for animal protein sources in the country, and the demand for feed for poultry and cattle has driven maize farmers to expand cultivation.
  • The shift of farmers away from cultivating cotton to cultivating rice during the Kharif/summer season is also significant, and cotton is attributed to multiple problems like a low-quality seed, pest problems, harsh climatic conditions, and lower profitability associated with Pakistan's cotton crop. All these factors drive the demand for agrochemicals for grains and cereal production.
Pakistan Agrochemicals Market: Area in Hectares, Crop Types, 2021

Pakistan Agrochemicals Industry Overview

The Pakistani agrochemical market is consolidated, with major players such as Bayer AG, Syngenta, BASF SE, Evyol Group, and FMC Corporation. The market is anticipated to be more consolidated in the future, as the major players are expanding and investing in their businesses by adopting various strategies, such as mergers and acquisitions, expansions, partnerships, and product launches. The companies will majorly be seen as expanding and diversifying their crop protection chemical businesses by launching products with new ingredients.

Pakistan Agrochemicals Market Leaders

  1. Bayer AG

  2. BASF SE

  3. Syngenta

  4. FMC Corporation

  5. Evyol Group

*Disclaimer: Major Players sorted in no particular order

Pakistan Agrochemicals Market Concentration
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Pakistan Agrochemicals Market News

  • February 2023: Bayer partnered with Kimitec to bring the next generation of biologicals to millions of growers worldwide. This includes crop protection and biostimulant products based on molecules derived from natural sources.
  • February 2021: Engro Fertilizers and BASF SE entered a strategic partnership to launch Sefina insecticide by BASF in Pakistan. Sefina is a novel and innovative insecticide registered for Pakistan's cotton and other vegetable crops. It offers a new mode of action for controlling key piercing and sucking insect pests, such as whiteflies, whitefly nymphs, aphids, and jassids, that pose a major threat to these crops.
  • January 2021: 'HANARO,' the brand of Bistrifluron 10% EC of FarmHannong, was launched in Pakistan to manage whitefly, the main problematic insect in cotton cultivation. Ayan Crop Science supplies it for Pakistani farmers.

Pakistan Agrochemicals Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

  5. 5. Market Overview

  6. 6. Market Drivers

  7. 7. Market Restraints

  8. 8. Porter's Five Forces Analysis

    1. 8.1 Bargaining Power of Suppliers

    2. 8.2 Bargaining Power of Buyers

    3. 8.3 Threat of New Entrants

    4. 8.4 Threat of Substitute Products

    5. 8.5 Intensity of Competitive Rivalry

  9. 9. MARKET SEGMENTATION

    1. 9.1 Type

      1. 9.1.1 Fertilizers

      2. 9.1.2 Pesticides

      3. 9.1.3 Adjuvants

      4. 9.1.4 Plant Growth Regulators

    2. 9.2 Application

      1. 9.2.1 Grains and Cereals

      2. 9.2.2 Pulses and Oilseeds

      3. 9.2.3 Fruits and Vegetables

      4. 9.2.4 Turfs and Ornamentals

      5. 9.2.5 Other Applications

  10. 10. COMPETITIVE LANDSCAPE

  11. 11. Most Adopted Strategies

  12. 12. Market Share Analysis

  13. 13. Company Profiles

    1. 13.1 Ali Akbar Group

    2. 13.2 BASF SE

    3. 13.3 Bayer Ag

    4. 13.4 FMC Corporation

    5. 13.5 Evyol Group

    6. 13.6 ICI Pakistan Pvt. Ltd

    7. 13.7 Syngenta

    8. 13.8 Pakistan Agro Chemicals Pvt. Ltd

    9. 13.9 Welcon Chemicals Pvt. Ltd

  14. 14. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Pakistan Agrochemicals Industry Segmentation

According to the OECD, agrochemicals are commercially produced, usually synthetic, chemical compounds used in farming, such as fertilizers, pesticides, growth regulators, and soil conditioners. 

The Pakistan agrochemicals market is segmented by type (fertilizers, pesticides, adjuvants, and plant growth regulators) and application (grains and cereals, pulses, oilseeds, fruits and vegetables, turf, ornamentals, and other applications). 

The report offers the market size and forecasts in terms of value in USD million for all the above segments.

Type
Fertilizers
Pesticides
Adjuvants
Plant Growth Regulators
Application
Grains and Cereals
Pulses and Oilseeds
Fruits and Vegetables
Turfs and Ornamentals
Other Applications
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Pakistan Agrochemicals Market Research FAQs

The Pakistan Agrochemicals Market size is expected to reach USD 345.59 million in 2024 and grow at a CAGR of 7.99% to reach USD 507.55 million by 2029.

In 2024, the Pakistan Agrochemicals Market size is expected to reach USD 345.59 million.

Bayer AG, BASF SE, Syngenta, FMC Corporation and Evyol Group are the major companies operating in the Pakistan Agrochemicals Market.

In 2023, the Pakistan Agrochemicals Market size was estimated at USD 320.02 million. The report covers the Pakistan Agrochemicals Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Pakistan Agrochemicals Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Pesticides in Pakistan Industry Report

Statistics for the 2024 Pesticides in Pakistan market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Pesticides in Pakistan analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Pesticides Industry in Pakistan Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)