San Francisco, California, June 12, 2017: Change in the uses of agrochemicals in different industries is an influencing factor for the global agrochemicals market, states TMR Research in a research report. The report is titled, “Agrochemicals Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.”
Agrochemicals refer to soil conditioners, herbicides, acidifying and liming agents, pesticides, and fertilizers. They aid in the sustaining of the agricultural ecosystem and play an important part in the food chain as well. The agrochemicals aid to harvest a good crop by conserving the quality of soil and food and also improving the quality of the crop supplies.
With an ever-growing world population continually pushing up the demand for food and increasing awareness of consumers regarding the advantages of having food cultured employing agrochemicals, the agrochemicals market has been on a continuous upward route.
The lengthy use of agrochemicals, nevertheless, can have a negative impact on the soil and crops, and consequently on the health of humans. It can cause diabetes, cancer, autism, asthma, and even Alzheimer’s disease. In order to tackle the encounters, the manufacturers are incessantly focusing on the development of better and safe products. This has further led to the advent and swift in the popularity of new diversities such as bio-fertilizers and biopesticides.
Synthetic chemicals such as di-methyl amines and organophosphates are commonly known as agrochemicals along with animal and plant manure. Agrochemicals are generally mixed with soil or sprayed on crops. They are mainly used for maintaining the quality of soil and food, protecting crops, enhancing the yield, and boosting the plant growth process. The global market for agrochemicals is likely to be driven by aspects such as population explosion, increased consumer awareness, and rise in the demand for food across the globe. The growth in the demand for good quality and nutritious food due to population explosion is further expected to bode well for the growth of the market in the coming years.
The developing countries of the Asia Pacific region are expected to display steady rise in their consumption of agrochemicals in the forthcoming years. India, China, and Japan are anticipated to account for large shares in the global market for agrochemicals over the upcoming years. Europe and North America are likely to witness a comparatively slow growth in the coming years. The leading companies in the market are BASF SE, Syngenta AG, Gharda Chemicals Limited, Zuari Agro Chemicals Ltd., Dow AgroSciences LLC, Bayer CropScience AG, Haifa Group, and Yara International ASA.