The Agrochemicals Market was valued at approximately USD 260 Billion in 2023 and is expected to grow at a substantial CAGR of around 3% during the forecast period (2024-2032)
Agrochemical Market: SWOT Analysis [2023-2028] - Exclusive Report by UnivDatos
Agrochemical Market: Emerging Trends and Market (Key Players - BASF SE, Bayer AG, Sumitomo Chemical Co. Ltd., Syngenta AG, Corteva Inc., United Phosphorus Limited, Adama Agricultural Solutions)
A comprehensive overview of the global agrochemical market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the agrochemical market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the global agrochemical market at regional and country levels.
The global agrochemical market was is likely to showcase a growth of around 3% during the forecast period.
Market Overview
Agrochemicals are the chemical products used for protecting farm products from insects, pests, diseases, and weeds. These are the specific chemicals used for improving quality and increasing the crop’s yield. Pests and insects attack the crops and reduce the quantity and quality of yield, thereby with the use of agrochemicals such situations can be mitigated. Over the years, the world witnessed a rise in population and is continuously growing to create greater demand for food. And the strain on land, which is a limited resource, has also grown. However, the growth of the population outpaced the land growth, thereby reducing the agricultural land per capita. This reduction in agricultural land has increased the global focus on improving crop yield. This in turn increases the demand for pesticides and fertilizers, thereby fueling the demand for agrochemicals.
The global agrochemical market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By type, the market is primarily divided into:
Fertilizers
Pesticides
Of both, pesticides captured a considerable share in the market owing to their usage in a large number of application areas. Pesticides are majorly used in the agriculture sector for controlling weeds, insect infestation, and plant diseases. Furthermore, they are used in non-agricultural areas like public, urban green areas, and sports fields to control various pests and disease carriers, such as mosquitoes, ticks, rats, and mice. There are many different types of pesticides; each is meant to be effective against specific pests. Some pesticides include disinfectants, fungicides, herbicides, insecticides, algaecides, insect growth regulators, wood preservatives, and rodenticides
Access sample report (including graphs, charts, and figures): https://univdatos.com/reports/agrochemical-market?popup=report-enquiry
By crop, the market is primarily divided into:
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Others
Cereal & grains are the largest consumed class of crops, across the globe owing to which it consumes a major portion of the agrochemicals. Further, as the global population is increasing along with rising people’s income, therefore demand for agricultural crops including cereals and grains is likely to increase. Moreover, as the world is facing a wheat shortage due to the Russia-Ukraine war thereby creating a deep concern among the countries to increase the wheat productivity at the domestic level, this is likely to increase the demand for the agrochemical in the near future.
Global Agrochemical Market Geographical Segmentation Includes:
North America (United States, Canada, Rest of North America)
Europe (Germany, UK, France, Italy, Spain, Rest of Europe)
Asia-Pacific (China, Japan, India, Australia, Rest of APAC)
Rest of the World
The large base of the agriculture sector of the Asia-Pacific helped the region to obtain a dominating position in the market. Regional demand for agrochemicals due to agriculture consumption is needed in order to feed the growing and already higher population. Further, improving per-capita income and disposable income is encouraging consumers to purchase large numbers of products, thereby increasing the demand for agrochemicals from the agriculture sector.
Click here to view the Report Description & TOC: https://univdatos.com/reports/agrochemical-market
Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global agrochemical market. The major players have been analyzed by using research methodologies for getting insight views on market competition.
Key questions resolved through this analytical market research report include:
What are the latest trends, new patterns, and technological advancements in the global agrochemical market?
Which factors are influencing the global agrochemical market over the forecast period?
What are the global challenges, threats, and risks in the global agrochemical market?
Which factors are propelling and restraining the global agrochemical market?
What are the demanding global regions of the global agrochemical market?
What will be the market size in the upcoming years?
What are the crucial market acquisition strategies and policies applied by the companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature. Please let us know if you have any custom needs.
Browse Related Newsletter from UnivDatos.
Flat Glass Market: SWOT Analysis [2023-2028]
Anti-Wear Additives Market: SWOT Analysis [2023-2028]
Contact Us:
UnivDatos
Email: [email protected]
Contact no: +1 978 7330253
Website: www.univdatos.com
Linked In: https://www.linkedin.com/company/univ-datos/
