Article -> Article Details
| Title | Agrochemicals Market Overview, Size, Share | Global Industry OutlookForecast to 2027 |
|---|---|
| Category | Business --> Chemicals |
| Meta Keywords | Agrochemicals Market, Agrochemicals Industry, ResearchCMFE |
| Owner | Ruby |
| Description | |
| The rapidly increasing world population has risen the demand
for food production and consequently driving the growth in the agrochemicals
market. According to World Bank, the world population increased from 6.9 Bn
in 2010 and reached 7.7 Bn in 2020. Therefore, to meet the food requirements of
such a rapidly growing population, agrochemical products are widely being
deployed in the agricultural sector. In addition, agrochemical products offer
several benefits in the agricultural sector which also increasing the
agrochemicals industry growth. Agrochemicals provide high yield and improved
yield quality to crop production. In addition, they help in reducing crop loss
by providing crop protection in the agriculture sector. These benefits help in
increasing crop production and consequently meet the surging global demand for
agricultural produce. Get a Sample
Copy of Report @ https://www.researchcmfe.com/sample-request/107 Moreover, increasing cultivable land area for the production
of horticultural crops such as floricultural plants and fruits & vegetables
is also an important factor boosting the sales of several agricultural
chemicals. Further, agricultural growth in several emerging markets such as
Latin America, the Middle East, and Africa is also contributing to the growth
of agrochemicals market. Additionally, a strong focus of agrochemical
manufacturers on product innovation is also expected to influence the market
growth. Despite such growth factors, rising environmental concerns
relating to the excessive use of chemicals in agriculture are posing certain
challenges in the growth of the agrochemicals
market. Excessive use of agrochemical products results in contamination
of water, air, soil and can lead to toxicity in humans. However, the increasing
adoption of bio-fertilizers is providing growth opportunities in the
agrochemicals market. Bio-fertilizers help in increasing the organic matter of
the soil and serves as a low-cost and environment-friendly strategy for
sustainable crop production. Global Agrochemicals Market by Region Outlook (Revenue,
USD Billion, 2021-2027)
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customization of the report @ https://www.researchcmfe.com/customization/107 Based on region, Asia-Pacific has dominated the
agrochemicals market. This growth is majorly attributed to China and India
which is the most populous country in the world. According to the World Bank,
the population of these countries in 2020 stood at more than 1.4 billion and
1.3 billion respectively. Apart from this, other countries in the region
including Japan, Indonesia, Singapore have also been experiencing a high
population growth rate. The presence of such heavily populated nations in the
region is increasing the need for food production. Therefore, to meet this high
food demand, farmers in the region are increasingly using agrochemicals to
improve crop yields and thereby positively impacting the agrochemicals industry
growth. Additionally, the market is experiencing high growth due to the growing
agro-based industries including textiles, sugar, animal husbandry, and
vegetable oil manufacturing in many developing nations in the region. The Global Agrochemicals Market Segmentation: Global Agrochemicals Market by Product Type Outlook
(Revenue, USD Billion, 2021-2027)
Global Agrochemicals Market by Application Outlook
(Revenue, USD Billion, 2021-2027)
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Report @ https://www.researchcmfe.com/report/107/agrochemicals-market Key Findings:
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