The Global Agrochemicals Market Exhibiting A Cagr Of 6.2% During The Forecast Period (2021 To 2027)
Agrochemicals are chemical products designed specifically for use in agriculture to increase crop yield and protect crops from pests, insects, weeds, fungi, and other pests. Agrochemicals can be manufactured using both chemical and biological methods. Synthetic agrochemicals are harmful to the environment and are gradually being phased out in favour of bio-based pesticides and fertilisers. Pesticide processes have vastly improved as a result of advancements in synthetic chemical manufacturing in order to meet the enormously growing global population and the resulting increases in food demand. Despite the effective use of pesticides, it is estimated that up to 40% of the world's crops are ruined by plant pests and diseases. The global agrochemicals market is estimated to surpass US$ 103,383.4 Mn by the end of 2027 in terms of revenue, exhibiting a CAGR of 6.2% during the forecast period (2021 to 2027). Increasing demand for food supply as a result of rapid population growth