Global Agrochemical Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global agrochemical supplement market in its upcoming report titled, “Global Agrochemical Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global agrochemical supplement market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global agrochemical supplement market report has been segmented on the basis of source, application and region.

Agrochemical is chemical used in the agricultural land which includes fertilizers, insecticide pesticide, and herbicide. It is a substance used to manage the agricultural ecosystem in the farm area. Along with other technological advancements such as mechanical harvesters, tractors, and irrigation pumps, agrochemicals have helped to increase the productivity. Since 1930, the productivity of Great Plains was increased by 200% to 300% with the use of agrochemicals.

Due to the scarcity of water and fertile land, the farmers are moving towards adoption of new technologies that help to boost the crop yield. Growing demand for food grains on account of growing population is expected to boost the demand for agrochemicals. Limited availability of arable land and to cater the food demands, the farmers opt for different technologies for high productivity will in turn is boost demand for agrochemicals over the forecast period.

Fertilizers is expected to be the largest product segment and is expected to maintain its dominance over the forecast period. Growing awareness about the benefits of chemicals which improvise the yield along with ease of use is expected to boost the market growth over the forecast period.

Cereals & grains segment is expected to be the largest crop type segment in the global agrochemical market. Growing demand for grains owing to increase in demand for food on account of increasing population is expected to have a positive impact on the market. Cereals & grain crops are prone to frequent attacks from insects and pests, which increases the demand for crop protection chemicals such as fungicides and pesticides.

The Asia Pacific is expected to dominate the global agrochemical market. Agriculture is the largest industry in the Asia Pacific. Growing demand for food grains due to growing population in the region coupled with increasing demand for exporting of grains from developing countries such as China and India across the globe is expected to drive the market for agrochemicals in the region.

Market segmentation and key players operating in the global market:

Global Agrochemical Market segmentation, by product:

• Fertilizer
• Pesticides

Global Agrochemical Market segmentation, by crop type:

• Cereals & grains
• Oilseeds & pulses
• Fruits & Vegetables
• Others

Global Agrochemical Market segmentation, by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa