The agriculture and agrochemicals market is a dynamic and integral component of the global agricultural landscape, playing a crucial role in ensuring food security, enhancing crop yields, and mitigating challenges faced by modern farming practices. According to the World Bank, agriculture accounts for 4% of the gross domestic product (GDP) and in some developing countries, it can account for more than 25% of the GDP.
This market encompasses various agrochemical products, including fertilizers, pesticides, herbicides, and plant growth regulators, designed to optimize agricultural productivity and address various crop management needs. At its core, the agriculture and agrochemicals market respond to the ever-growing demand for food driven by a burgeoning global population.
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