Agrochemicals Market - Global Scope & Need 2025

Published: Thu Oct 11 2018

The global agrochemicals market is likely to witness a surge in demand during the forecast period 2017 – -2025, due to surge in demand from food and beverage industry, notices TMR Research in their report titled, "Agrochemicals Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025."
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Agrochemicals consists of acidifying agents, pesticides, fertilizers, herbicides, soil conditioners, and liming which are used to sustain the agricultural ecosystem. These agrochemicals help in growing good crops by preserving the soil and food quality. Incessant rise in population is exponentially increasing the demand for food which is having a positive influence on the market. Increasing consumer awareness regarding the advantages associated with the use of agrochemicals on cultivating is helping the market to grow. The surge in demand for quality nutritious food within a limited span of time is favoring the market. Rapid urbanization, accompanied with change in lifestyle is making the population prefer healthy and nutritious food. The agriculture industry is relying on the agrochemicals to deliver proper food quality.
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However, it has been noticed, several factors are there which are likely to restrain the growth of the market. Continuous use of agrochemicals on soil might lead to adverse effects on crops, human health, and soil. There are certain diseases which are linked to the chemicals which are used in manufacturing agrochemicals. Diseases such as autism, cancers, Alzheimer’s disease, diabetes, and asthma are likely to be caused by agrochemicals. Agrochemicals are known to be in direct contact with the groundwater, thus increasing the risks of all the living creature. In order to tackle such issues, manufacturers are coming up with safer types of agrochemicals in the market. Asia Pacific due to its high demand, is likely to dominate the global agrochemicals market.
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