Pakistan Agrochemicals Market Size

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.