The article cited AMA's Global Agrochemicals Market Study explored substantial growth with CAGR of 3.1%. According the report, Growing Focus on Genetically Modified (GM) Crops is one of the primary growth factors for the market. Growing Production of Greenhouse Vegetable
is also expected to contribute significantly to the Agrochemicals market. Overall, Crop-Based
applications of Agrochemicals, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as BASF SE (Germany), The DOW Chemicals Company (United States), E. I. Du Pont De Nemours and Company (United States), Yara International ASA (Norway), Monsanto Company (United States), Israel Chemicals Limited (Israel), Sociedad Química Y Minera S.A. (Chile), The Mosaic Company (United States), Syngenta AG (Switzerland) and Bayer Cropscience AG (Germany) may see astonishing sales in this Market and certainly improve revenue growth.
The Fertilizer Type , such as Nitrogenous, is boosting the Agrochemicals market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Pesticide Type, such as Organophosphates, is boosting the Agrochemicals market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Crop Type, such as Cereals & Grains , is boosting the Agrochemicals market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Agrochemicals market identified that the demand is rising in many different parts of the world as "Growing Focus on Producing High Crop Yield
". Furthermore, some recent industry insights like "In February 2022, ADAMA Ltd. announced the launch of Timeline FX, the industry's most advanced cross-spectrum spring foliar herbicide for cereals. Engineered with three Active Ingredients with complementary modes of action together with a built-in adjuvant, Timeline FX ensures flexibility for growers by giving the widest application window of any herbicide for controlling broadleaf and grass weeds for cereal crops." is constantly making the industry dynamic. One of the challenges that industry facing is "Increasing Awareness About Agro-chemicals Use"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Agrochemicals market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Agrochemicals market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Agrochemicals market tight? Which application/end-user category or Product Type [Fertilizers and Pesticides (Insecticide, Herbicide, Rodenticides, Bactericides, Fungicides)] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Agrochemicals market and other related sub-markets covered in the study.
o Key & emerging players in the Agrochemicals market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Agrochemicals market size is calculated using market estimation process, the Agrochemicals market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Agrochemicals market size has been validated using both top-down and bottom-up approaches.