Agrochemicals are chemical or biological formulations that have been engineered to improve crop quality and yield. Fertilizers and pesticides are two types of agrochemicals. Fertilizers improve crop quality by providing essential nutrients to the crop and soil, whereas pesticides protect crops by controlling, killing, or repelling pests and weeds that can harm the crop. Given the current global population scenario, it is critical to increase crop production within the existing arable land to feed the world's population. As a result, agrochemicals play an important role in the agriculture industry, assisting farmers in improving crop quality and quantity.
The report provides an in-depth analysis and forecast of the Agrochemicals Market, as well as current and future market trends. Asia-Pacific has the largest market share in 2020 and is expected to maintain its dominance throughout the forecast period. This is due to a variety of factors, including a large consumer base and the presence of key players in the region. Furthermore, Asia-Pacific is expected to grow at a significant rate due to an increase in end users in developing countries such as China, Australia, and India. Following the COVID-19 virus outbreak in December 2019, the World Health Organization declared a public health emergency. The disease has spread to over 100 countries, resulting in massive deaths all over the world. Exports and imports, global manufacturing, tourism, and the financial sector have all suffered significantly.
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