The Global Agrochemicals Market size valued to USD 239.85 billion in 2019, is expected to reach USD 365.16 billion by 2030, witnessing a CAGR of 3.8%from 2020-2030. Agrochemicals are agricultural chemicals used to manage the agriculture ecosystem, hence increasing the crop yield, and decreasing the generation of fungi, weeds, insects, and such other aspects hindering the agricultural growth. Agrochemical refers to pesticides including insecticides, herbicides, fungicides and nematicides. It also includes synthetic fertilizers, liming and acidifying agents, hormones, soil conditioners, and other chemical agents used in raising of livestock such as antibiotics and hormones. Agrochemicals are either manufactured synthetically or biologically. However, many synthetic agrochemicals are toxic as well as their prolonged use may impose health risks and threat to the environment. Henceforth, the use of bio-based fertilizers and pesticides is gaining momentum in sustainable development of the global agricultural sector. The global agrochemicals market witnessed a volumetric sale of 289.07 million-tons in 2019, that is projected to elevate up-to 402.18 million-tons by 2030, with a CAGR of 3.0% from 2020-2030. Market Segmentations and Scope of the Study: The global agrochemicals market share analysis is based on type, application, crop type, and geography. Based on type, the market is segmented into Fertilizers, Pesticides, Herbicides, Insecticides, Fungicides and Others. Based on application, the market is fragmented into Foliar, Fertigation and others. Based on crop type, the market is divided into Cereals & Grains, Oil Seed & Pulses, Fruits & Vegetables, and Others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW. Request for a free sample- https://www.nextmsc.com/agrochemicals-market/requestsample Geographical Analysis North-America is expected to show a considerable agrochemicals market growth, owing to presence of large population and lack of cultivatable land. However, prevailing advanced infrastructures, higher technological developments followed by growing demand of agricultural commodities, are to fuel-up the growth of agrochemicals market in future. AsiaPacific dominated the global agrochemicals market in the past, and is expected to grow at the highest CAGR, maintaining its dominance throughout the forecast period. The increasing population resulting to increasing demand of agriculture produce such as fruits, vegetables, cereals, pulses, and others for both direct consumption and processing, are supplementing the market growth in this region. Moreover, factors like increasing R&D activities and cutting-
Agrochemicals Market to Witness Robust Expansion by 2030
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