Agrochemicas Market

Agrochemicals Market

The Agrochemicals Market is forecast to surge at a faster CAGR over the forecast period. The growth is driven by the expansion in agriculture industry, growing environmental concerns and rising demand for exotic fruits and vegetables.

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Agrochemicals Market Dynamics

Agrochemicals offer various benefits such as better yield, pest control, crop protection, and minimizes crop losses. Accelerating population, declining crop harvesting area, and a growing need for high-yield crops are some of the major factors fuelling the agrochemicals market growth. The global agrochemicals market forecast projects that the rising research and development of bio pesticides and the growing cultivation of horticulture crops such as floriculture plants, livestock feed, and fruits and vegetables are further fuelling the market growth. However, the growing concerns towards environment owing to the excessive use of hazardous chemicals in agriculture is projected to restrain the agrochemicals market size.

Type Segment Analysis

The fertilizers segment is projected to expand at a faster rate over the forecast period. This is because of the increasing use of pesticides to control the spread of insects, funguses, and weeds. Further, the rising demand for bio-pesticides such as herbal, microbial, and plant-incorporated protectants in the agriculture industry will drive the agrochemicals market share.

Agrochemicals Market Segmentation:

Agrochemicals Market by Type

• Fertilizers

• Pesticides

Agrochemicals Market by Crop Type

• Cereals & Grains

• Oilseeds & Pulses

• Fruits & Vegetables

• Others

Agrochemicals Market by Region:

• Asia Pacific

o China

o Japan

o India

o Rest of APAC

• North America

o United States of America

o Canada

• Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

• RoW

o Brazil

o South Africa

o Saudi Arabia

o UAE

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