AGROCHEMICALS MARKET ANALYSIS

Agrochemicals Market, By Origin (Synthetic and Organic), By Product Type (Insecticides, Fungicides, Herbicides, and Others (Rodenticides, etc)), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others (Ornamental, etc.)), By Application (Foliar Treatment, Soil Treatment, Seed Treatment, and Others (Hydroponics, etc.)), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Oct 2023
Code : CMI254
Pages :157
Formats :
Excel and PDF
Industry : Agrochemicals

Agrochemicals MarketSize and Trends

Global agrochemicals market was valued at US$ 81.27 Bn in 2023, and is expected to reach a value of US$ 123.83 Bn by 2030 at a CAGR of 6.2% between 2023 and 2030.

Global Agrochemicals Market Trends:

Increasing awareness regarding effects of synthetic agrochemicals: Eco-friendly bio-agrochemicals are the leading market trend nowadays. Associated toxic effects of synthetic agrochemicals are making space for the biological agrochemicals to enter into modern agriculture in recent years. Bio pesticides, such as canola oil and baking soda, are largely used by farmers to inhibit pest growth without any ecological adversity. Additionally, advancement in modern agronomy has led to the innovation of agrochemicals from several soil-borne pathogens, fungi, and bacteria to promote natural growth and high productivity in plants.