| Product Code: ETC8617800 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria continued to rely heavily on agrochemical imports, with key suppliers being China, India, Germany, Metropolitan France, and the UAE. Despite a negative Compound Annual Growth Rate (CAGR) of -14.56% from 2020 to 2024 and a significant decline in growth rate of -26.77% from 2023 to 2024, the Herfindahl-Hirschman Index (HHI) indicated persistently high market concentration. This suggests a challenging landscape for market competitiveness and underscores the importance of diversifying import sources to ensure supply stability and mitigate risks in the agrochemicals sector in Nigeria.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Agrochemicals Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Agrochemicals Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Agrochemicals Market - Industry Life Cycle |
3.4 Nigeria Agrochemicals Market - Porter's Five Forces |
3.5 Nigeria Agrochemicals Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Nigeria Agrochemicals Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Agrochemicals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government initiatives to boost agricultural productivity |
4.2.2 Increasing demand for high-quality crops |
4.2.3 Adoption of modern farming techniques |
4.2.4 Growing awareness about the benefits of agrochemicals |
4.3 Market Restraints |
4.3.1 Environmental concerns related to the use of agrochemicals |
4.3.2 Stringent regulations on agrochemical usage |
4.3.3 Price fluctuations of raw materials used in agrochemical production |
5 Nigeria Agrochemicals Market Trends |
6 Nigeria Agrochemicals Market, By Types |
6.1 Nigeria Agrochemicals Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Agrochemicals Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Nigeria Agrochemicals Market Revenues & Volume, By Fertilizer Market, 2021- 2031F |
6.1.4 Nigeria Agrochemicals Market Revenues & Volume, By Pesticides Market, 2021- 2031F |
6.1.5 Nigeria Agrochemicals Market Revenues & Volume, By Adjuvants Market, 2021- 2031F |
6.1.6 Nigeria Agrochemicals Market Revenues & Volume, By Plant Growth Regulators Market, 2021- 2031F |
6.2 Nigeria Agrochemicals Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Agrochemicals Market Revenues & Volume, By Grains and Cereals, 2021- 2031F |
6.2.3 Nigeria Agrochemicals Market Revenues & Volume, By Pulses and Oilseeds, 2021- 2031F |
6.2.4 Nigeria Agrochemicals Market Revenues & Volume, By Fruits and Vegetables, 2021- 2031F |
6.2.5 Nigeria Agrochemicals Market Revenues & Volume, By Commercial Crops, 2021- 2031F |
6.2.6 Nigeria Agrochemicals Market Revenues & Volume, By Others, 2021- 2031F |
7 Nigeria Agrochemicals Market Import-Export Trade Statistics |
7.1 Nigeria Agrochemicals Market Export to Major Countries |
7.2 Nigeria Agrochemicals Market Imports from Major Countries |
8 Nigeria Agrochemicals Market Key Performance Indicators |
8.1 Adoption rate of modern farming techniques |
8.2 Number of new product innovations in the agrochemicals market |
8.3 Percentage of agricultural lands using agrochemicals responsibly |
9 Nigeria Agrochemicals Market - Opportunity Assessment |
9.1 Nigeria Agrochemicals Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Nigeria Agrochemicals Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Agrochemicals Market - Competitive Landscape |
10.1 Nigeria Agrochemicals Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Agrochemicals Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |