Pesticides or pesticides are chemical products used for crop protection and/or crop nutrition in agriculture. Over the past two years, global geopolitical conditions have had a significant impact on the supply and demand of chemical fertilizers and pesticides.
NEW YORK, June 05, 2023 (Globe Newswire) — Reportlinker.com Announces Release of Report “Short-Term Growth Opportunities for Global Agrochemicals – 2027” — https://www.reportlinker.com/p06465489/?utm_source=GNW
Pesticides or pesticides are chemical products used for crop protection and/or crop nutrition in agriculture.
Over the past two years, global geopolitical conditions have had a significant impact on the supply and demand of chemical fertilizers and pesticides.
This study discusses industry trends, drivers and challenges and their impact on the demand for chemical fertilizers and pesticides in the near term.
The study also focuses on the top five predictions for 2023 and beyond.
The scope of this research covers chemical fertilizers, including nitrogen, phosphate and potassium fertilizers, and crop protection chemicals such as insecticides, herbicides, fungicides and others (rodenticides and nematicides). Increasing yields and reducing production costs to ensure profitability are the main drivers for farmers to invest in chemical crops.
Although the industry is moving towards organic and biological alternatives, their penetration remains low, especially in emerging markets.
However, the introduction of strict environmental regulations and sustainable agricultural practices is expected to limit chemical crop inputs in the medium to long term. Geographically, Asia-Pacific and Latin America are high-growth markets and are expected to see significant growth in the future. Growing demand for pesticides during the forecast period.
Author: Smriti Sharma
Read the full report: https://www.reportlinker.com/p06465489/?utm_source=GNW
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