Infinium Global Research Agrochemicals Market | Page 11

Global Agrochemicals Market: Trends and Forecast -2023
MARKET OVERVIEW AND COMPETITIVENESS
DRO ANALYSIS
DRO stands for drivers, restraints and opportunities. The DRO analysis involves,
identifying the factors that are likely to have impact on the global Agrochemicals
market. It covers analysis of short term and long term impact of drivers and
restraints. Through this analysis both short term and long term opportunities are
identified. These opportunities present the investment options and new markets
for the market players in the Agrochemicals market.
Drivers refer to the factors that are expected to drive or boost the market size or
demand for Agrochemicals. The analysis involves identification of both demand
side and supply side factors that drive the demand as well as environmental factor
that favor the market conditions for growth of Agrochemicals market both in short
run and long run.
DRIVERS, RESTRAINTS AND OPPORTUNITIES IN GLOBAL AGROCHEMICALSMARKET
D •
•
•
•
R • Stringent regulations pertaining to use of chemicals in
developed countries
• Lack of education about use of agrochemicals
• Environment concerns pertaining to use of synthetic
agrochemicals
O • Growing demand for bio based fertilizers
• Growing population
Drivers
Restraints
growing demand for food grains due to growing population
High efficiency of agrochemicals in increasing the yield
Growing greenhouse vegetable production
Limited arable land
Opportunities
IGR- GROWTH MATRIX ANALYSIS
Growth matrix developed by Infinium Global Research, also known as IGR-Growth
Matrix helps understand the market situation of the business segments. It helps
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