Africa’s agrochemicals market is projected to grow to $15 billion by 2031, driven by climate change, rising food demand, and increased government support for farmers. As shifting weather patterns invite invasive pests and labor shortages intensify, farmers are increasingly turning to precision insecticides and digital monitoring tools to save their yields. Fertilizers currently dominate the market, making up over half its value. However, plant growth regulators, designed to help crops survive harsh droughts, are the fastest-growing segment. Countries such as Kenya and Ethiopia are expanding financing and distribution systems to improve access to farmers and ensure food security. Despite the momentum, significant hurdles remain—counterfeit products, prohibitive transport costs in landlocked nations, and outdated regulations continue to limit access for the smallholder farmers who need these solutions most.
Ecofin Agency
