Agrochemicals Market Research Report: Size, Share, Growth, Trends And Forecast 2028

Precision Business Insights published a research report on “Agrochemicals Market: By Product Type (Fertilizers, Pesticides, Others), By Technology (Synthetic, Biological), By Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Forage Crops and Pastures, Others), By Formulation (Powder, Granular, Liquid), By Application (Seed Treatment, Soil Treatment, Post-Harvest, Foliar Spray) - Global/Region/Country Forecast to 2028”.

Agriculture chemical is abbreviated as agrochemicals or agrichemicals. It is a chemical that is used in agriculture to improve the amount of food produced from the land. Pesticides, such as insecticides, fungicides, nematicides and herbicides, are referred to as agrichemicals in diverse contexts. Phosphatic, Nitrogen, and potassic fertilisers, herbicides, insecticides, fungicides, rodenticides, molluscicides, pesticides and nematicides are some of the most often used agrochemicals. They're put in the soil to help plants deal with nutrient deficits and illness. Water-insoluble agrochemicals are routinely sprayed with surfactants or solvents to enhance application performance as well as bio-efficacy. They are commonly used on cereal, grain, oilseed, pulse, fruit, and vegetable crops.

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The expanding global population, combined with rising prosperity, is causing a shift in purchasing habits. Not only must supply be increased to satisfy demand, as well as the nutritional demands of an increasingly affluent population must be satisfied. Wastage results from shrinking arable land and crop losses owing to pest infestations, posing a serious threat to food and nutritional security. The agrochemical sector is a vital agriculture support sector that helps farmers produce more. These elements are assisting the market's expansion. The COVID-19 seems to have an influence on the agrochemicals market's production and delivery. The global pandemic has had an effect on the correct operation of many industries around the world, such as the agrochemicals market. In terms of production, a relatively brief labour shortage coupled with delivery constraints resulted in a massive difference between the rate of workers required for agrochemical manufacturing and those accessible. Crop productivity has also reduced as a result of the lack of personnel in plantation agriculture, lowering need for agrochemicals during the outbreak.

The Global Agrochemicals Market is categorized by Product Type, which is further divided into Pesticides, Fertilizers, Adjuvants, and Plant Growth Regulators. On the basis of Application, the market is bifurcated into Crop-based and Non-crop-based.

China has the highest proportion of the global fertiliser market among other countries. Owing to shrinking cropland, China's demand of inorganic N, P, and K fertilisers is decreasing. The area of cropland dedicated to fruits and vegetables is growing, whereas the area dedicated to cereals is shrinking. Owing to the government's restriction of 0% residues of inorganic fertiliser in food crops since 2013, the Chinese fertiliser market is growing at a rather moderate and consistent pace. The vast production of cereal crops such as rice and wheat in India is a major driver of market expansion. Pesticide use is continuously increasing in India. Farmers across the country used 71,615 metric tonnes of pesticides in 2018-2019. Merely eight states account for more than 71.0 percent of India's overall pesticide usage, according to data.

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Some of the major key players in the Agrochemicals Market are Monsanto Company (U.S.) BASF SE (Germany) The Dow Chemical Company (U.S.) Bayer CropScience AG (Germany) E.I. DuPont De Nemours & Company (U.S.) Syngenta AG (Switzerland) Koppert B.V. (Netherlands) Marrone Bio Innovations Inc. (U.S.) Sumitomo Corporation (Japan) Nufarm Ltd. (Australia)

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