The global Agrochemicals Market size was valued at $205.69 Billion in 2020 and is expected to reach $279.1 Billion by 2028 growing at more than a CAGR of 3.76% from 2021 to 2028. The growth of the market is driven by an increase in demand for insecticides and fungicides from crop producers, due to stringent regulations by governments to protect human health and the environment. Increased use of bio-pesticides and bio-stimulants and technological advancements in agrochemicals are also expected to fuel the growth of the market during the forecast period.
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Impact Of COVID-19 on the Agrochemicals Market:
- Impact on Market Size
- End-User Trend, Preferences, and Budget Impact
- Regulatory Framework/Government Policies
- Key Players Strategy to Tackle Negative Impact
- Opportunity Window
Global Agrochemicals Market Segments:
The global Agrochemicals Market is further segmented into fertilizer type, pesticide type, crop type
By Fertilizer Type: Nitrogen fertilizer, Phosphatic Fertilizer, Potassic Fertilizer
By Pesticide Type: Fungicides, Herbicides, Insecticides, Others
By Crop Type: Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others
Key Region/ Countries Covered
- North America (US, Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa and South America)
Asia-Pacific holds the larger share in the market owing to the Increased use of bio-pesticides and bio-stimulants and technological advancements in agrochemicals
Key Players of Global Agrochemicals Market:
- YARA International
- Israel Chemicals Ltd.
- Nutrien Ltd.
- FMC Corporation
- The Mosaic Company
- Fengro Industries Corp
- DowDuPont Inc.
- WinHarvest Pty Ltd
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Key Questioned Answered Through The Report:
- The Impact of COVID-19 on the global market
- What are the potential opportunities for new entrants in the global market
- What is the market Size and Forecast from 2020 to 2028?
- Key Players associated with the global Agrochemicals Market
- Value Chain Analysis of Global Agrochemicals Market
- What is the CAGR of the global Agrochemicals Market from 2021 to 2028
- Major Growth Factor, Challenges, Trends, and Opportunities in the global market
- Key outcomes of SWOT Analysis
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