Global agrochemicals market projected to grow to USD 328.52 billion by 2033 with a CAGR of 3.5%.

From GlobeNewswire: 2024-06-18 20:00:00

The Global Agrochemicals Market is predicted to grow from USD 232.80 billion in 2023 to USD 328.52 billion by 2033, with a CAGR of 3.5%. Agrochemicals include fertilizers, insecticides, and chemicals that protect plants, enhancing crop yield and quality. Fertilizers are expected to dominate the market, especially in the food grains segment. Asia Pacific is projected to lead the market, with North America expected to grow rapidly. Major players include Clariant AG, BASF SE, and Bayers. Recent developments include Best Agrolife launching new formulations in India. Market segments include product type, crop type, and pesticide type, with regional analysis provided for North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Other related reports cover the Beneficial Insect Market, Precision Swine Farming Market, Secondary Macronutrients Market, and Pet Food Market.



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