The global demand for Agrochemicals Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Tons in 2021 and forecast to touch XX Tons by 2028 with a CAGR of XX% during 2022-2028.
Agrochemicals are the engineered chemical products for agriculture to improve crop productivity and protect the crops from pests, insects, weeds, fungi, and others. It includes fertilizers, insecticide pesticides, and herbicides. Agrochemicals can be manufactured in both chemical and biological methods. Synthetic agrochemicals are dangerous for the environment and are slowly being replaced by bio-based pesticides and fertilizers. Considering the current global population scenario, it is of extreme importance to increase crop production within the present arable land to feed the overall population. Thus, agrochemicals play a vital role in the agriculture sector, helping farmers improve their crop quality and quantity.
Market Dynamics
The market is mainly driven by swift growth in population, shrinking crop harvesting area, and the need for better crop yield across the globe. Further, the rising cultivation of horticultural crops such as vegetables and fruits, floricultural plants, livestock feed are further projected to increase the demand of agrochemical products during the forecast period. In addition, many advantages offered by agrochemicals include improved yield quality, crop protection, decreased crop loss, pest control, and others is further augmenting the growth of the market. Moreover, the rising research and development of biopesticides are likely to offer a huge market growth opportunity. However, the increasing environmental concern regarding the harmful effects of using chemicals in agriculture is expected to impede the growth of the market.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of agrochemicals. The growth and trends of Agrochemicals Industry provide a holistic approach to this study.
Market Segmentation
This section of the agrochemicals market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Products
- Fertilizers
- Crop Protection Chemicals
- Plant Growth Regulators
- Others
By Application
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Agrochemicals market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Agrochemicals Market Share by Region (Representative Graph)
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The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the agrochemicals market include Bayer CropScience, BASF, Agrium, Yara International, Bunge, Potash Corporation of Saskatchewan, DuPont, Syngenta AG, Uralkali, Israel Chemicals Ltd., IsAgro SpA and Marrone Bio Innovations, Inc.. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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