New York, NY -- (SBWIRE) -- 04/30/2021 -- The Global Agrochemicals Market is forecast to reach USD 357.47 billion by 2027. Massive uplift of the population and the enormous demand for the sufficient production of the crop are helping the market to grow primarily. Crop loss, increasing crop yields, high consumer demand for sustainability produced food, and harnessing climate change & global pandemic situations are some of the concerns that are seamlessly heightening the applicability of the agrochemicals and increasing their use-cases among various end-use verticals.

The agrochemical farms also are investing handful amount in their R&D to offer innovative product solutions and partnering up with other companies to increase the product line-ups. The global economy is distinguished by the participation of competitors from the marketplace, who pursue various strategic approaches to gain a significant amount of market share. Industries have created new agricultural microbial goods which are used in a natural way to grow crops. New companies entering the industry would focus on innovating and providing through advanced technologies, thereby reducing complexity & lowering the overall total cost of operation.

The COVID-19 impact:
As the COVID-19 crisis grows, manufacturers are quickly changing their practice and purchasing priorities to meet the required demand of a pandemic. Over a couple of months, this crisis has had a direct impact on the agrochemicals development rates as the chemical manufacturing units have been disrupted. Also, the disturbances in the regular supply chain have caused the companies to create new supply chains that are more expensive and takes a lot more time to satisfy the need for catalysts in different areas of the chemical industry, seeing an unprecedented degree of activity associated with biotechnology.

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Further key findings from the report suggest

In June 2019, German giant BASF announced its plan to launch 20 new agricultural chemical protection product line-ups in the country India. The chemicals are focused on catering to key crop protection such as rice, cotton, fruits, corn, soybean, and vegetables, which are the highest used crops in that country.

In March 2019, Helena Chemical Company, a US-based agrochemical manufacturer, launched 4 new product line-ups, namely, Ele-Max Sulfur LC, N-Fixx XLR, Sultrus, and Antares Prime, that provide target specific yield-limiting agronomic solutions and helps growers meet greater returns on investment.

In August 2017, DuPont de Nemours, Inc., an American leading agrochemical farm, acquired San Francisco-based leading company in software & analytical tools for the farms, Granular, Inc. Granular will continue to provide advancements for the digital agriculture for DuPont and also improve Encirca services, an agronomic software business delivered by DuPont.

Applicability of the indoor farming, recycling wastage, selectively editing genome of crops to add value to the customers, improving protein efficiency of the seeds, increasing production of the pollinator-friendly agrochemicals, and digital analytics to increase the usability & control performance parameter of the agrochemicals are some of the future opportunities of the market, incorporating which could deliberately increase the profitability and consumer base of the companies in this market.

Key participants include Syngenta AG, Bayer AG, BASF SE, Dow AgroSciences LLC, FMC Corporation, ADAMA Ltd., Nufarm, Sumitomo Chemical Co., Ltd., UPL Limited, Corteva, Inc., and Conagen, among others.

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For the purpose of this study, Reports and Data have segmented the agricultural enzymes market on the basis of type, crop type, form, application, and region:

Type Outlook (Revenue, USD Billion; 2017-2027)

Fertilizers
Pesticides
Insecticides
Germicides
Fungicides

Crop Type Outlook (Revenue, USD Billion; 2017-2027)

Cereals and Grains
Oilseeds and Pulses
Fruits and Vegetables
Turf and Ornamentals
Others

Form Outlook (Revenue, USD Billion; 2017-2027)

Liquid
Powder
Granular

Application Outlook (Revenue, USD Billion; 2017-2027)

Crop Fertility
Crop Growth Enhancer
Crop Control & Protection
Others

Regional Outlook (Revenue, USD Billion; 2017-2027)

North America
Europe
Asia Pacific
MEA
Latin America

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/agrochemicals-market

Table Of Content:

Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics
Chapter 4. Agrochemicals Market Segmentation & Impact Analysis
4.1. Agrochemicals Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis

….

Chapter 10. Competitive Landscape
10.1. Market Revenue Share By Manufacturers
10.2. Manufacturing Cost Breakdown Analysis
10.3. Mergers & Acquisitions
10.4. Market positioning
10.5. Strategy Benchmarking
10.6. Vendor Landscape
Chapter 11. Company Profiles
11.1. Syngenta AG
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Technology Insights
11.1.4. Strategic Initiatives
11.2. Bayer AG
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Technology Insights
11.2.4. Strategic Initiatives
11.3. BASF SE
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Technology Insights
11.3.4. Strategic Initiatives
11.4. Dow AgroSciences LLC
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Technology Insights
11.4.4. Strategic Initiatives
11.5. FMC Corporation
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Technology Insights
11.5.4. Strategic Initiatives

Continue…

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