Sunday, 26 November 2017

Agrochemicals Sales to Soar with Population Growth and Shrinking Arable Land

Rapidly growing population and reducing fertility of land due to increasing industrialization are augmenting the need for food. This, in turn, is triggering demand for agrochemicals. Globally, agrochemicals are recognized as specialty products that improve return on investments and help fulfill farmer as well as consumer demands. They are also beneficial from an economic perspective as they can increase per hectare production of quality agricultural products.

What are ‘Agrochemicals’?

Agrochemicals are chemical products such as soil conditioners, fertilizers, liming and acidifying agents, and pesticides, used in agriculture, horticulture, and floriculture. These products are used for killing weeds and pests, controlling parasites, preventing infectious diseases in animals, and enhancing crop growth and yield.

Development of Nanosensors Capable of Enzyme-herbicide Binding

Rising concerns pertaining to environmental impact of agrochemicals are encouraging development of technologies that can gauge the extent of impact. Introduction of such technologies is expected to promote extensive research and development in the field of agrochemicals, thereby shaping their future. For instance, in August 2017, a study was released by a research group from the Federal University of São Carlos, Sorocaba, SP, Brazil. The study analyzes the nanomechanical capabilities of the Atomic Force Microscope (AFM) cantilever for its usage as nanobiosensors for enzyme-herbicide binding detection.

Market Insights

According to Grand View Research Inc., growth of the food and beverage industry worldwide is likely to drive the global agrochemicals market. New food manufacturing, processing, and packaging techniques are providing a significant push to the global food and beverage sector. This is leading to an upsurge in demand for agricultural products such as oilseeds, fruits, vegetables, and food grains. This, in turn, is expected to fuel the demand for agrochemicals.

Rising rates of literacy among farmers, coupled with increasing awareness regarding pesticides and fertilizers usage, can stoke market growth. Growing research and development activities in the field of agrochemicals are also anticipated to work in favor of the market. On the other hand, surging acceptance of genetically modified seeds by farmers is acting as a key impediment to market growth. Moreover, various environmental and health hazards associated with agrochemicals can hamper growth prospects.

Some of the key companies operating in the market are BASF, Agrium, Bayer CropScience, and DuPont.

In-Depth research report on Agrochemicals Market:

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