South Africa Agrochemicals Market Size

South Africa Agrochemical Market Analysis

The South Africa Agrochemicals Market size is estimated at USD 1.27 billion in 2024, and is expected to reach USD 1.53 billion by 2029, growing at a CAGR of 3.9% during the forecast period (2024-2029).

• South Africa is one of the major African countries engaged in producing agricultural products. Farming as the main source of income, rising incidences of infestation and diseases on crops, increasing focus on food security and climate change, and increase in farmer's income are the major aspects responsible for the growth and development of the agrochemicals market in South Africa.
• The South African agrochemical market is import-dependent. Within the fertilizer category, all the potassic fertilizers consumed are imported, and 60%-70% of the nitrogenous fertilizers are imported. The remaining fertilizers are produced domestically. However, the cost of agrochemicals is not always affordable to the farmers of lower economic classes, which is becoming a major constraint to the demand for fertilizers in the country.
• In terms of land area, South Africa is a vast country. Though, there is very little land available for agricultural usage. Consequently, the need to improve production efficiency has been driving the market demand for agrochemicals. Furthermore, with economic improvement, farmers have become more aware of the necessity of agrochemicals on the land. Integrated farming practices, if adopted, may further create an opportunity for the market. Hence, the need to improve efficiency through agrochemicals has been driving the market demand.