Agrochemicals Market is Primed for Growth Owing to Increasing Food Demand
The agrochemicals market is primarily engaged in manufacturing fertilizers and crop protection chemicals that are used widely in agricultural practices. Fertilizers help to enrich soil fertility and enhance crop yields while crop protection chemicals such as herbicides, insecticides and fungicides are used to protect crops from pests and diseases. The global agrochemicals industry has witnessed strong growth over the past few years owing to rising population and growing demand for food grains worldwide. Population growth has pushed global food demand considerably. With per capita agricultural land shrinking and arable land area remaining constant, increasing crop yields through the use of agrochemicals has become paramount. Fertilizers and crop protection chemicals play a vital role in maximizing agricultural output to meet rising food demand. Their application helps boost average yields per hectare and safeguards crops against catastrophic crop losses due to pests and diseases. ...