Press release
Agrochemicals Market Projected to Surpass $338.49 Billion by 2030-Latest Insights Unveiled by Meticulous Research®
Crop protection chemicals play a vital role in shielding crops against pests, diseases, and weeds, ensuring optimal yield and quality in modern agriculture. The market for these chemicals is propelled by factors such as the increasing demand for cost-effective crop protection solutions, the imperative to boost crop yield and quality, and the burgeoning interest in organic farming and organic food products. Additionally, heightened environmental consciousness and government initiatives to promote sustainable agricultural practices are further fueling market expansion.
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The agrochemicals sector witnesses dynamic growth opportunities, particularly in emerging economies of Asia-Pacific and Latin America, supported by factors like the adoption of integrated pest management practices and favorable government policies. However, challenges such as stringent regulations, high demand for synthetic fertilizers, and limited farmer education persist, hindering market growth.
Leading players in the agrochemicals market include BASF SE, Bayer AG, Corteva, Inc., FMC Corporation, Novozymes A/S, Nufarm Limited, Syngenta AG, UPL Limited, Sumitomo Chemical Co., Ltd., and more. These entities are pivotal in driving innovation and addressing evolving market needs.
The Meticulous Research® report offers comprehensive insights, presenting historical market data for 2021 and 2022, estimated current data for 2023, and forecasts up to 2030. The market is meticulously segmented by type, form, mode of application, crop type, and geography.
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Key Highlights:
Type:
Fertilizers (Nitrogenous, Phosphatic, Potassic, Agricultural Micronutrients, Biofertilizers, Others)
Synthetic Crop Protection Chemicals (Herbicides, Insecticides, Fungicides, Others)
Biological Crop Protection Chemicals (Bioinsecticides, Biofungicides, Bionematicides, Bioherbicides, Others)
Biostimulants (Acid-based, Extract-based, Microbial Amendments, Trace Minerals & Vitamins, Others)
Plant Growth Regulators (Auxins, Gibberellins, Cytokinins, Abscisic Acid, Ethylene, Others)
Soil Conditioners (Organic, Inorganic)
Other Agrochemicals
Form:
Dry Form
Liquid Form
Mode of Application:
Seed Treatment
Foliar Spray
Soil Treatment
Fertigation
Other Modes of Application
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Crop Type:
Cereals & Grains (Maize/Corn, Wheat, Rice, Others)
Oilseeds & Pulses
Fruits & Vegetables
Other Crops
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We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition. Through our mixed bag of research offerings - syndicated research, custom research, and analyst engagement - we enable smart decision making to enhance business performance for global organizations. Our focus is also on finding answers to the challenging questions that global business leaders face on a daily basis. Each year, we deliver more than 300 syndicate studies and 60+ consulting projects across eight industry verticals in 20+ geographic markets.
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