Lewes, Delaware, May 06, 2024 (GLOBE NEWSWIRE) -- The Global Agrochemicals Market is projected to grow at a CAGR of 3.62% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 275.89 Billion in 2024 and is expected to reach USD 357.21 Billion by the end of the forecast period.
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Browse in-depth TOC on “Global Agrochemicals Market”
202 - Pages
126 – Tables
37 – Figures
Scope Of The Report
| REPORT ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Bayer CropScience AG, BASF SE, Corteva Agriscience, Yara International ASA, Adama Agricultural Solutions Ltd., Arysta Lifesciences Corporation |
| SEGMENTS COVERED | By Type of Agrochemicals, By Crop Type, By Mode of Application, and By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Agrochemicals Market Overview
Technological Advancements Revolutionizing Agrochemicals Market: The advancements in biotechnology and precision farming are enhancing productivity and crop output. Improved formulations and delivery techniques optimise operations, attracting investments from agribusinesses and driving the growth of Agrochemicals. Expansion of the market.
Growing Global Population Fuels Demand for Agrochemicals: As the population increases, the need for food rises, which requires increased agricultural output. Agrochemicals meet this demand by enhancing crop productivity and quality, creating profitable prospects in the Agrochemicals Market.
Rising Environmental Concerns Drive Sustainable Agrochemical Solutions: The growing awareness of environmental issues is leading to a transition towards agricultural chemical formulations that are more environmentally friendly. The Agrochemicals Market is experiencing a significant increase in demand for bio-based pesticides and fertilisers, which is promoting sustainable practices and creating opportunities for growth.
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Stringent Regulations Pose Challenges to Agrochemicals Market: The growing regulatory attention on chemical consumption presents challenges for market participants. Adhering to strict standards requires significant investments in research and development, which affects the profitability and growth of the Agrochemicals Market
Resistance Development in Pests and Weeds Hinders Agrochemicals Efficacy: The emergence of resistance in pests and weeds to traditional agrochemicals presents a substantial obstacle. This requires ongoing innovation and the creation of new formulations, which puts pressure on profit margins and the expansion of the Agrochemicals Market.
Consumer Shift towards Organic Farming Affects Agrochemicals Market: Increasing customer inclination towards organic produce motivates farmers to use organic agricultural methods. This change decreases dependence on artificial agrochemicals, hence restricting market expansion. In order to stay competitive in the changing Agrochemicals Market, makers of agrochemicals must adjust their strategies by providing environmentally friendly alternatives.
Geographic Dominance:
The Agrochemicals Market exhibits a dynamic geographical domination, with the Asia-Pacific region taking the lead as a result of its extensive agricultural operations. North America and Europe also adopt similar practices, motivated by technological progress and strict restrictions. Latin American and African emerging economies are displaying potential, driven by the growing acceptance of contemporary agricultural methods.
Agrochemicals Market Key Players Shaping the Future
Major players, including Bayer CropScience AG, BASF SE, Corteva Agriscience, Yara International ASA, Adama Agricultural Solutions Ltd., Arysta Lifesciences Corporation. and more, play a pivotal role in shaping the future of the Agrochemicals Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry's key players.
Agrochemicals Market Segment Analysis
Based on the research, Verified Market Research® has segmented the global Agrochemicals Market into Type of Agrochemicals, Crop Type, Mode of Application, And Geography.
To get market data, market insights, and a comprehensive analysis of the Global Agrochemicals Market, please Contact Verified Market Research®.
- Agrochemicals Market, by Type of Agrochemicals:
- Fertilizers
- Pesticides
- Agrochemicals Market, by Crop Type:
- Cereals & Grains
- Fruits & Vegetables
- Oilseeds & Pulses
- Others
- Agrochemicals Market, by Mode of Application:
- Foliar Spray
- Soil Treatment
- Seed Treatment
- Post-harvest Treatment
- Agrochemicals Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
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