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Agrochemicals Market - Detailed Analysis of Current Industry Figures

The growing demand for crop protection chemicals, such as fungicides, herbicides, and insecticides, is expected to be the biggest driver of the agrochemicals industry over the forecast period. 

The Global Agrochemicals Market is expected to reach USD 308.92 billion by 2025, according to a new report by Grand View Research, Inc.

Shrinking arable land due to rapid industrialization and population explosion has resulted in increased use of agrochemicals, such as fertilizers and plant growth regulators, further triggering the market growth. The growing demand for crops as animal fodder and fiber in the textile industry has also provided the necessary boost to the agrochemicals industry.

Agrochemicals Market

Fertilizers dominated the agrochemicals market in 2016. Nitrogenous and phosphate fertilizers were most widely used due to their easy availability and low prices. However, the new trend of organic farming, which involves complete elimination of chemical-based fertilizers, has increased the demand for biofertilizers.

To Know More About Agrochemicals Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/agrochemicals-market

The demand for agrochemicals is expected to be the highest in Asia Pacific. The region is known for its agro-based countries such as India, Sri Lanka, and China, which are majorly dependent on agriculture and related industries for economic growth.

Top Players of Agrochemicals Market:

Bayer CropScience, Agrium, and Yara International were some of the key manufacturers in 2016 with distribution facilities spread across all regions

Market Segmentation of Agrochemicals Market:

The Global Agrochemicals Market Segmented on the basis of Product and Application.

By Products:
  • Fertilizers
  • Crop Protection Chemicals
  • Plant Growth Regulators
By Application:
  • Cereals & Grains
  • Oilseeds & Pulses
  • Fruits & Vegetables
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