Overall sales in the global agrochemicals market by product were nearly $105.6 billion in 2008 which increased further to $119.6 billion in 2009. By 2014, it is projected to increase to $196 billion, for a 5-year compound annual growth rate (CAGR) of 10.4%.
The fertilizers market was nearly $59 billion in 2008; this further increased to $68.4 billion in 2009, this projected to reach $117.8 billion in 2014, for a 5-year CAGR of 11.5%.
Sales in the pesticides market amounted to $46.7 billion in 2008 which increased to $51.2 billion in 2009. This is projected to increase to $78.3 billion in 2014, for a 5-year CAGR of 8.9%.