Agrochemicals Market earned USD 220.4 billion in 2021 and expected to reach USD 290.2 billion

Gmi Research18 Apr, 2023Business

Agrochemicals Market size was estimated at USD 220.4 billion in 2021 and is projected to reach USD 290.2 billion in 2029, expanding at a CAGR of 3.5% over the forecast period 2022-2029 attributed to growing adoption of fertilizers by farmers to increase their output. Major factors driving agrochemicals market are growing need to produce more crops, increasing demand for crop protection chemicals and growing animal husbandry sector around the world.