Market Research Future (Food and Beverages) Agrochemicals Market Research Report | Page 3

Agrochemicals Market Research Report- Forecast to 2023
2 Market Overview
The major driver is that the global population is currently at more than 7 billion and still increasing. It is possible that
the food demand increases in the forecast period. Additionally, scarcity for land and water is allowing the people to
use fertilizers and pesticides which will help to grow multiple crops in a certain area. In contrast, due to the rising
environmental hazards from these fertilizers and pesticides it is anticipated that it is possible to foresee a decline in
the usage of fertilizers and pesticides in the forecast period. By over using the land for agricultural productivity, land
loses essential nutrients which are pivotal in the growth of a crop. This is the key driver for nitrogenous fertilizers
market increasing growth rate. The global crop output is diminished due to the pest attack and diseases caused by
them. There is an opportunity to develop in fertilizing technology to boost farm production with increasing government
investments in agriculture sector to improve the crop yield. Secondly, bio-pesticides are new age crop protection
products manufactured from natural substances like plants, animals, bacteria and certain minerals and they are
ecofriendly and easy to use.
Intended Audience:
Agrochemicals Manufacturers
Traders and Distributors of Agrochemicals
Production Process Industries
Potential Investors
Raw Material Suppliers
Nationalized Laboratory
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