Agrochemicals Market Size, Share, Development, Growth and Demand Forecast to 2023
Growth of horticulture & floriculture, increasing awareness towards the use of fertilizers and pesticides coupled with the increasing literacy rate among farmers in major crop producing countries is boosting the global agrochemicals market. One of the major drivers for the market is the growth of agrochemicals in demand for food grains, due to to increasing global population along with decreasing per capita farm land due to sudden rise in urbanization and industrialization. Read summary of market report here : https://www.psmarketresearch.com/market-analysis/agrochemicals-market
Growth of horticulture & floriculture, increasing awareness towards the use of fertilizers and pesticides coupled with the increasing literacy rate among farmers in major crop producing countries is boosting the global agrochemicals market. One of the major drivers for the market is the growth of agrochemicals in demand for food grains, due to to increasing global population along with decreasing per capita farm land due to sudden rise in urbanization and industrialization.
Read summary of market report here : https://www.psmarketresearch.com/market-analysis/agrochemicals-market
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Global <strong>Agrochemicals</strong> <strong>Market</strong> <strong>Size</strong>, <strong>Share</strong>, <strong>Development</strong>, <strong>Growth</strong><br />
<strong>and</strong> Dem<strong>and</strong> <strong>Forecast</strong> <strong>to</strong> <strong>2023</strong><br />
<strong>Growth</strong> of horticulture & floriculture, increasing awareness <strong>to</strong>wards the use of fertilizers <strong>and</strong> pesticides<br />
coupled with the increasing literacy rate among farmers in major crop producing countries is boosting<br />
the global agrochemicals market. One of the major drivers for the market is the growth of<br />
agrochemicals in dem<strong>and</strong> for food grains, due <strong>to</strong> <strong>to</strong> increasing global population along with decreasing<br />
per capita farm l<strong>and</strong> due <strong>to</strong> sudden rise in urbanization <strong>and</strong> industrialization.<br />
Agrochemical is a general term for the different kinds of chemical products used in agriculture. <strong>Agrochemicals</strong><br />
refer <strong>to</strong> the broad range of pesticides, including herbicides, fungicides, insecticides <strong>and</strong> nematicides.<br />
<strong>Agrochemicals</strong> are specialty chemical products used, particularly in horticulture, agriculture <strong>and</strong> floriculture. It<br />
includes broad range of pesticides, chemical growth agents, hormones <strong>and</strong> other synthetic fertilizers. It also<br />
includes synthetic fertilizers, hormones <strong>and</strong> concentrated s<strong>to</strong>res of raw animal manure.<br />
For more information visit: https://www.psmarketresearch.com/market-analysis/agrochemicals-market<br />
The global agrochemicals market can be categorised on the basis of product types in<strong>to</strong> fertilizers <strong>and</strong> pesticides.<br />
Based on different type of fertilizers, the global agrochemicals market can be divided in<strong>to</strong> nitrogenous, potassic<br />
<strong>and</strong> phosphatic fertilizers. On the basis of pesticides, the agrochemicals market can be classified in<strong>to</strong><br />
neonicotinoides, bio-pesticides, organophosphates <strong>and</strong> pyrethroids pesticides. Organophosphate segment leads<br />
the agrochemical pesticides market mainly due <strong>to</strong> presence of a wide spectrum of chemicals, including<br />
glyphosate, diazinon, <strong>and</strong> chlorpyrifos.<br />
The increasing research <strong>and</strong> development (R&D) in the field of bio-pesticides in order <strong>to</strong> compete with<br />
organic farming <strong>and</strong> integrated pest management (IPM) is one of the most recent trends in the global<br />
agrochemicals market. Increasing government programs <strong>to</strong> educate farmers <strong>and</strong> provide them with the<br />
best possible methods <strong>to</strong> produce high quality crop yield, farms <strong>and</strong> lives<strong>to</strong>ck is another common trend<br />
in the agrochemicals market. In various countries such as India, the government provides agricultural<br />
subsidy in the form of financial aid <strong>to</strong> farmers <strong>to</strong> supplement their income <strong>and</strong> manage the supply of<br />
agricultural commodities.<br />
The huge export potential of agrochemicals is a major opportunity by which the agrochemical market is<br />
expected <strong>to</strong> exp<strong>and</strong> in the next few years. With approximately 40% of the <strong>to</strong>tal farml<strong>and</strong> under crop<br />
production, there is a significant unserved market <strong>to</strong> tap in<strong>to</strong> by various countries. By educating farmers<br />
<strong>and</strong> conducting special training programmes regarding the need <strong>to</strong> use agrochemicals, Indian<br />
companies can increase pesticide consumption. The excess production capacity is another opportunity<br />
in the agrochemicals market <strong>to</strong> increase exports by making use of India’s low cost producer status.<br />
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