Agriculture Chemicals Market trends, share, industry size, growth, opportunities and forecast by 2029

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Data Bridge Market Research analyses that the agriculture chemicals market was valued at USD 229.40 billion in 2021 and is expected to reach the value of USD 379.66 billion by 2029, at a CAGR of 6.50% during the forecast period of 2022 to 2029.

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Data Bridge Market Research analyses that the agriculture chemicals market was valued at USD 229.40 billion in 2021 and is expected to reach the value of USD 379.66 billion by 2029, at a CAGR of 6.50% during the forecast period of 2022 to 2029.

Market Definition

Agricultural chemicals are a large and heavily regulated sub-industry within the chemicals industry. Chemicals or chemical products used in agriculture are referred to as agrichemicals. Herbicides, pesticides, insecticides, fungicides, and synthetic fertilizers, hormones, and other chemical growth agents are all included. They are used to control weeds, diseases, insects, and pests. They are also used to increase crop growth and production.

Explore Further Details about This Research Agriculture Chemicals Market Report https://www.databridgemarketresearch.com/reports/global-agricultural-chemicals-market

Agriculture Chemicals Market Dynamics

Drivers

  • Rising vegetable production as well as research and development activities

Rapid growth in greenhouse vegetable production is a critical factor driving market growth, as is the limited availability of arable land, shifting R&D investments, growing environmental concerns about the excessive use of chemicals in agriculture, rising agricultural growth in emerging markets such as South America, Africa, and the Middle East, and rising demand for agricultural products due to rising population.

  • Rapid product innovations and developments

Other growth-inducing factors include product innovations such as the development of sustainable bio-based agriculture chemicals. These alternatives are more environmentally friendly, efficient, and cost-effective compared to conventional synthetic chemicals. In line with this, the growing preference for natural food products among the general public also increases the demand for agricultural chemicals.

Other growth-inducing factors include product innovations such as the development of sustainable bio-based agriculture chemicals. These alternatives are more environmentally friendly, efficient, and cost-effective compared to conventional synthetic chemicals. In line with this, the growing preference for natural food products among the general public also increases the demand for agriculture chemicals.

Opportunity

Technological advancements and rising arable crop and yield growth will create additional opportunities to develop the agriculture chemicals market during the forecast period. The general public's shifting preference for natural food products also boosts the demand for agricultural chemicals.

Some of the major players operating in the agriculture chemicals market are:

  • Bayer AG (Germany)
  • BASF SE (Germany)
  • Yara (Norway)
  • Compass Minerals (US)
  • Syngenta Crop Protection AG (Switzerland)
  • ADAMA (Israel)
  • Sumitomo Chemicals Co. Ltd. (Japan)
  • Nufarm (Australia)
  • UPL (India)
  • K+S Aktiengesellschaft  (Germany)
  • ICL (Israel)
  • Rotam (South Korea)
  • Corteva (US)
  • FMC Corporation (US)

Key Insights Of Agriculture Chemicals Market Report

  • The report comprises a detailed analysis of different segments and offers market valuations between 2023 to 2030.
  • This study presents the analytical depiction of the Agriculture Chemicals Market with the current trends and future estimations to determine the imminent investment pockets
  • The report also reveals information with respect to key drivers, restraints, and opportunities coupled with a comprehensive analysis of the global Agriculture Chemicals Market
  • The forecast period of the  Agriculture Chemicals Market is assessed from 2024 to 2030 to highlight the Agriculture Chemicals Market growth scenario.
  • Porter’s five forces analysis establishes the effectiveness of the buyers and suppliers in the business line.
  • The key players in the industry are profiled to gain an understanding of the strategies adopted by them.
  • This report provides the current trends and future estimations during the forecast period, which in turn aids in identify the prevailing market opportunities.

The company portfolio includes company synopsis, operating business sectors, business overview, product/service categories, and recent growth strategies adopted by them.

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