Global Agrochemicals Market Expected To Reach 233 $billion by 2020

Date: 2016-09-11

Increasing population has resulted in the rising demand for agrochemicals. Agrochemicals are mainly used to increase the agriculture production and help to meet the demand for food grains of the continuously growing population.

According to the population organization of United Nations, the world population is growing at faster rate which leads to more consumptions of food this leads to more demand of agriculture industry and more the demand in the agriculture industry, more use of agriculture chemicals in the development of agriculture sector, in developing countries.

Under the challenge of foods, the global agrochemicals market is projected to reach 233 $billion by 2020, growing at a CAGR of 3.56% from 2016 to 2020.

Agrochemicals, also known as agrichemicals are the special chemical products which are particularly used in the agriculture, floriculture and horticulture. In most of the cases, the agrochemicals mostly include a wide range of pesticides such as herbicides, insecticides, nematicides and fungicides. Agrochemicals also includes the synthetic fertilizers, chemical growth agents and hormones and among others.

Agrochemicals are a wide range of pesticides, insecticides, herbicides fungicides and nematicides. Fertilizers are compounds or chemicals which are mostly used by farmers for agriculture to enhance the quality of the soil so as to boost production of food grains. On the other hand Herbicides are used to exterminate plants such as weed in the crop fields. Insecticides are chemicals which are sprayed on the plants in order to prevent pests from destroying the crops. Similarly to herbicides, Fungicide is a chemical which is widely used in order to kill fungus.

Agrochemicals market share by type as following:


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Joanna | Executive – International Business and partner Relations
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