The growth of the Agrochemicals Market is attributed to the rising demand for crop protection and fertilizers in the global agricultural sector. Another important element fueling the need for agrochemicals is the growing use of chemical fertilizers by farmers to feed their crops nutrients and increase their yield.
Agrochemicals are herbicides, pesticides, or fertilizers that are used for managing ecosystems in agricultural domains. Chemicals used in farming like insecticides, synthetic fertilizers, and herbicides. The majority are chemical mixes made up of two or more than two chemicals; the active ingredients produce the intended effects, while the inert ingredients stabilize, preserve, or facilitate the administration of the active ingredients. A major component of modern agriculture is the use of agrochemicals. The difficulties in maintaining a crop free of harm have grown as farms have become larger. Agrochemicals are therefore frequently used today to boost production. In order to increase the output of agricultural crops, the use of agrochemicals is essential.
AGROCHEMICALS MARKET: KEY PLAYERS
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AGROCHEMICALS MARKET: SEGMENTS
The Crop Protection Chemicals segment is expected to grow with a higher CAGR during 2022-32
Agrochemicals Market is categorized on the basis of Product into Fertilizers, Crop Protection Chemicals, Plant Growth Regulators, and Others. The Fertilizers segment dominated the agrochemicals market in terms of revenue share in 2020 since fertilizers are frequently used to increase crop output quickly. The Crop Protection Chemicals segment is anticipated to grow at a faster rate in the coming years. Crop protection chemicals include, insecticides, fungicides, herbicides, and other pesticides like bactericides and rodenticides. Herbicides are widely employed as insecticides in the agricultural sector.
The Cereals & Grains segment is expected to grow with a higher CAGR during 2022-32
Agrochemicals Market is categorized on the basis of Application into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others. The Cereals & Grains segment held a major portion of revenue and it is expected to continue to dominate the market during the forecast period as well. The most extensively consumed crops, particularly in Asian nations, are cereals and grains. Also, a sizable amount of the agricultural area in the world is covered by this sector. To produce cereals and grains, fertilizers are essentially always used.
MARKET DYNAMICS
GROWTH DRIVERS
RESTRAINT
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AGROCHEMICALS MARKET IS FURTHER SEGMENTED BY REGION INTO:
AGROCHEMICALS MARKET REPORT ALSO CONTAINS ANALYSIS ON:
Agrochemicals Market Segments:
By Product
By Fertilizer Type
By Pesticide Type
By Application
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