Fertilizers and Pesticides is fastest growing segment fueling the growth of Agrochemicals Market
The global Agrochemicals Market is estimated to be valued at US$ 81.27 Bn or Mn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Agrochemical products such as fertilizers, pesticides, liming and acidifying agents help in enhancing the crop quality and soil health. These products help increase agricultural productivity and protect crops against pests, weeds and plant diseases. The growing population and decreasing farm land is increasing the need for high yielding crop varieties and agrochemicals. Market key trends: Increasing organic farming is one of the key trends being witnessed in the agrochemicals market. With the rising health concerns pertaining to the consumption of chemical-based fertilizers and pesticides, consumers are shifting towards organic foods. Organic farming promotes sustainability and uses processes/products that have a low impact on t...