What Are The Agrochemicals? What Are Their Advantages And Disadvantages?

Agrochemicals include pesticides, fertilizers, soil conditioners, and other chemicals used for agricultural and non-agricultural activities as well. They have a major role in enhancing food & fiber production, besides land management. Pesticides including insecticides, herbicides, and others protect crops from possible diseases, weeds, and pests. Many agrochemicals are toxic may pose significant risks to health and environment and their use is therefore highly regulated across countries.

 Agrochemicals

The agrochemicals market is anticipated to grow in the forecast period owing to an upsurge in demands for bio based agrochemicals coupled with growing food demands to feed the growing population. Shrinkage of agricultural land and increasing adoption of genetically modified crops for increased yield further propel market growth. However, the agrochemical market suffers from increased food safety & quality concerns among consumers. Burgeoning R&D costs and strict environmental and regulatory constraints restrict market growth. The market is likely to showcase opportunities for the untapped markets and growing awareness among people.

Leading Players In Agrochemicals Industry
  • BASF SE
  • Bayer CropScience Limited
  • CF Industries Holdings, Inc.
  • E. I. du Pont de Nemours and Company
  • ICL
  • Monsanto Company
  • Nutrien Ltd.
  • Syngenta
  • The Mosaic Company
  • Yara

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