Agrochemicals enhance the crop productivity and protect the crops from insects, pests, fungi, weeds, and others. Agrochemicals can be prepared by either chemical or biological methods. Increase in the demand for food products coupled with decrease in arable land, rise in international trading of food products from China and India, growing in R&D activities, and government subsidies for the agriculture farming are expected to propel the Asia Pacific agrochemicals market over the forecast period. However, stringent regulations for the product approval, lack of awareness about the agrochemicals usage for crop diseases among farmers are restraining the growth of Asia Pacific agrochemicals market. In January 2017, BASF SE enter into India agrochemicals market by launching three fungicides Seltima, Adexar, and BASFAgCelence, which are used to control the weeds, pests, and other rice diseases and improve the crop yield. The research examines COVID-19 in light of changes in consumer behaviour and demand, purchasing patterns, supply chain re-routing, market dynamics, and government involvement. This market research report considers the influence of COVID-19 on the market and includes insights, analysis, projections, and predictions.
Fastest Growing Market
Agrochemicals enhances the crop productivity and protect the crops from insects, pests, fungi, weeds, and others. Agrochemicals can be prepared by either chemical or biological methods. Increase in the demand for food production due to rise in population, rise in prevalence of various crop diseases, growing R&D for the innovation of newer agrochemicals, and government initiations to enhance the crop yield are expected to fuel the agrochemicals market over the forecast period. Moreover, technological advancements in the synthesis of agrochemicals, change in farming practices, and rise in R&D investments are also anticipated to drive the agrochemicals market. However, stringent regulatory guidelines for product approval, adverse effects associated with agrochemicals, and high cost of products may restrain the growth of agrochemicals market
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.