Global Agrochemicals Market: Market Research by Knowledge Sourcing Intelligence
T he agrochemicals market is expected to reach a decent CAGR during the forecast period. The chemicals such as pesticides and fertilizers that aid in the crop cultivation in order to meet the global food demand are known as agrochemicals. The growing global population and the steady reduction in the arable land are driving the agrochemical market. Simultaneously, the relative improvement in the farm income over the years along with the favorable agriculture policies is further supplementing the growth of the market. However, the growing awareness regarding the environmental concerns of excessive use of fertilizers is likely to positively impact the market growth over the forecast period. Geographically, the use of agrochemicals in the Americas and Europe has been prevalent on account of relatively high farm income in the two regions. However, the Asia Pacific is projected to grow significantly with growing government support, rending fertilizers affordable to even small farmers...