According to the recent study the Agrochemical Market is projected to reach an estimated $495 billion by 2028 at a CAGR of 3.9% from 2023 to 2028. Growth in this market is primarily driven by growing population, limited agricultural land, and increase in awareness in the consumers regarding the benefits of agrochemicals.
Browse 107 figures/charts
and 68 tables in this 205-page report to understand trends, opportunities and
forecast in agrochemical market by product type (fertilizer and pesticide) and
region (North America, Europe, Asia Pacific, and the Rest of the World).
“Fertilizer market is expected to remain the largest segment
during the forecast period.”
Based on product type,
the agrochemical market is segmented into fertilizer and pesticide. Lucintel
forecasts that the fertilizer market is expected to remain the largest segment
due to its better cleansing and moisturizing properties due to growing demand
for nitrogen fertilizers by farmers including synthetic ammonia, nitric acid,
ammonium nitrate, and urea.
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Agrochemical Market
“Asia pacific will dominate the agrochemical market in near future.”
Asia Pacific is expected
to remain the largest region and witness the highest growth over the forecast
period due to increasing population and growing demand for sustainable
production of food.
Major players of
agrochemical market are adopting various growth strategies like new product
launches, expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. Bayer, BASF, Yara
International, Compass Minerals, Syngenta, Agrium Inc., DOW Agrosciences
(Corteva), Monsanto, The Mosaic, Sumitomo Chemical are among the major
agrochemical providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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