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Agrochemicals Market Size, Share, Growth, Trends And Global Forecast 2023-2032
Agrochemicals Market Report
Agrochemicals Market Size, Growth Rate, And Forecast:
The global agrochemicals market size grew from $241.85 billion in 2022 to $259.4 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The agrochemicals market size is expected to grow to $334.12 billion in 2027 at a CAGR of 6.5%.
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Agrochemicals Market Drivers:
The increasing population and consequent rise in food demand are expected to propel the growth of the agrochemicals market going forward. Food refers to the substance consisting of protein, carbohydrates, fat, and other nutrients used in the body of an organism for sustaining growth, and vital processes and furnishing energy. The steady growth in the population is directly proportional to food demand and growth in the agrochemicals market.
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Agrochemicals Market Segments
•By Fertilizer Type: Nitrogen Fertilizer, Phosphatic Fertilizer, Potassic Fertilizer, Other Fertilizer Types
•By Pesticide Type: Fungicides, Herbicides, Insecticides, Other Pesticide Types
•By Application: Crop Based, Non-Crop Based
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Agrochemicals market.
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Agrochemicals Market Key Players:
Major competitors in the agrochemicals market include Adama Agricultural Solutions, Agrium Inc., BASF SE, Bayer AG, Yara International ASA, The Mosaic Company, Israel Chemical Company, FMC Corporation, E.I. du Pont Nemours and Company, Monsanto Company, Dow AgroSciences LLC, Land O' Lakes Inc., Sumitomo Chemical Co Ltd., Zuari Agro Chemicals Ltd., Gharda Chemicals Limited, and Huntsman International LLC.
The Business Research Company's "Global Agrochemicals Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Agrochemicals Market Include:
1. Executive Summary
2. Agrochemicals Market Characteristics
3. Agrochemicals Market Trends And Strategies
4. Agrochemicals Market - Macro Economic Scenario
5. Agrochemicals Market Size And Growth
....
26. Africa Agrochemicals Market
27. Agrochemicals Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Agrochemicals Market
29. Agrochemicals Market Future Outlook and Potential Analysis
30. Appendix
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