APAC is Dominating Agrochemical MarketA Story by Pramod AryaEmbark on an agricultural journey through the flourishing Agrochemicals Market, uncovering the latest trends and innovations in crop protection and enhancement. This comprehensive analysis explores diThe agrochemicals market was USD 221.7 billion in 2022,
which will increase to USD
301.5 billion, growing at a 3.9% compound annual growth rate, by 2030. The growth of this industry is primarily because of the
increase in the populace and the subsequently surging requirement for food
across the globe. This is resulting in a growing need for fertilizers among
farmers to provide nutrients to the crops/plants and improve their production. The cereals & grains category, on the basis of
application, will propel at the fastest rate in the years to come. These substances
are significantly utilized in cereals & grains as crops like rice might
have a low quantity of nutrients and lower production because of the bad
quality of the soil. To tackle this issue, minerals are included in
fertilizers, to enhance the grain output as well as nutrient content. The fruit & vegetables category, on the other hand, will
advance at the second-fastest rate in the years to come. This can be mainly
because of the increasing understanding among consumers about fitness and
health, for which an appropriate consumption of minerals and vitamins is key. In addition, the mounting populace boosts the need for
fertilizers by putting the agricultural community under deep pressure to comply
with the mounting need for food. APAC was the industry leader in 2022, and it will remain
leading throughout this decade. This will be because of the existence of an enormous
populace as well as key companies in this region. Chemical firms providing the agricultural
community are employing mergers, acquisitions, and collaborations, to enter this
region, to attain a significant share. North America is likely to be the second-largest contributor
in the coming years. This is because of the dropping count of farming fields
and the increasing need for nutritious food. Thus, the necessity to enhance
crop quality and productivity has increased, which is boosting the adoption of
fertilizers or crop protection agents. It is because of the surge in the population and the
subsequently mounting need for food, the agrochemicals industry will continue
to progress in the years to come. © 2024 Pramod Arya |
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Added on February 5, 2024 Last Updated on February 5, 2024 Tags: Agrochemicals Market, Trends, Innovations, Applications, Crop Protection, Crop Enhancement AuthorPramod AryaNoida, UP, IndiaAboutAbout P&S Intelligence P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plin.. more..Writing
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