Global Agrochemicals Market: Future Outlook and Growth Opportunities to 2027

LOS ANGELES - April 3, 2023 - PRLog -- The Global Agrochemicals Market has witnessed positive growth in recent years despite the COVID-19 outbreak, owing to the increasing demand for food. In 2021, the Global Agrochemicals Market was valued at USD 244.8 billion, registering a growth rate of 3.7% from 2020. The Asia-Pacific market is crucial for the growth of the Global Agrochemicals Market, as multinational corporations and several small-scale firms produce fertilisers and pesticides based on the crops cultivated in the region.

The US holds the largest market share for crop protection in North America, making it a significant player in the Global Agrochemicals Market. With the rise in difficult-to-control and resistant weeds, weed control has become a major concern for the agrochemicals industry.

The Global Agrochemicals Market is also witnessing a rising demand for organic fertilizers, which is increasing due to continued soil erosion. Organic farming is a key instrument for agricultural 'green production, and nitrogenous fertilizers account for the majority of fertilizer use because they are commonly accessible, help plants grow quickly, and improve the quality of the soil.

Technology has also played a significant role in the growth of the Global Agrochemicals Market, with the invention of drones and artificial intelligence leading to advancements in pest management. Pest management is an important aspect of the agrochemicals industry.

According to a report by Makreo Research, titled "Global Agrochemicals Market Future Outlook to 2027-COVID-19 Impact Assessment and Growth Opportunities" the study offers insights into the Global Agrochemicals Market, covering the economy, food demand, demography, government initiatives, impact of external factors such as inflation and COVID-19, market revenue and forecast, industry segmentation, challenges, and future growth opportunities.

Find Out More:- Global Agrochemicals Market Future Outlook to 2027-COVID-19 Impact Assessment and Growth Opportunities (https://www.makreo.com/report/global-agrochemicals-market...)

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