Two key realities of the global Agrochemicals Market

Steadily, one can observe that, factors like growing demand for food and consumer awareness, Technological developments, increasing government investments to increase the yield, changing agrochemicals usage patterns, advantages of fertilizers and pesticides in crop production, increasing horticulture industries are the drivers for the market. On the other hand, the increasing environmental concerns and availability of substitutes that are environment friendly, changes in cultivation rules, Stringent environmental regulations across the world are the factors that are limiting the market growth.

According to Research and Markets, the global agrochemicals market was USD 223.24 Billion in 2016 and is estimated to reach USD 265.04 Billion by 2022 at a CAGR of 4.51%.

Syngenta leads the Agro chemicals market in 2016 followed by Bayer Crop Science, BASF, Dow, Monsanto, and DuPont.

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