Rising Usage of Herbicides to Uplift The Agrochemicals Market

Posted on: Oct-2017 | By: QY Market Research | Agriculture

Agrochemicals are specifically engineered chemical products for agricultural use so as to improve the productivity of the crop and protect them from insects, pests, fungi, weeds, and others. They include pesticides, fertilizers, plant growth regulators, and hormones. They can be manufactured by biological as well as chemicalapproaches. Synthetic agrochemicals are hazardous for the environment and are progressively being substituted by bio-based fertilizers and pesticides.

The agrochemicals market is mainly driven by the high population and consequent rise in the food demand; limited agricultural land, soil degradation, and rise in alertness in the users about the advantages of agrochemicals. The rising R&D in the biopesticides field so as to compete with integrated pest management and organic farming is among the latest trends in the market.

Technological advancements resulting in effective techniques of agriculture

The swiftly increasing population of the world and proportionally decreasing arable land has resulted in the necessity for enhancement in agricultural production. Improvements in new breeding technologies claim to increase the yields coupled with the crops’ lifespan. For example, genetic modifications enhance the yield of the crop by elevating the capacity of fertilizer absorption. Nevertheless, these crops still need agrochemicals such as pesticides as they are not wholly pest resistant. Hence, the pesticidesrequirement will rise with the increase in the acceptance of GM crops.

The development of effectual techniques of farming will lead to less damage to the human health and environment. Hence, new technological improvements will further fuel the growth of the market in the near future.

Rising usage of herbicides

Huge expenditures are being made for the production of new herbicide varieties that are eco-friendly and more effective. Herbicide application ranges across avariety of crops, comprising grains,cereals, vegetables, fruits, pulses, and oilseeds. The change in consumer preference toward green vegetables and fruits is driven by growing alertness with respect to fitness and health. This is also driving the elevatedherbicidesusage in agricultural applications.

On the other hand, the risingapprovalby the farmersfor the genetically modified seeds together with initiatives taken by the government toward organic farming and integrated pest management are few of the key challenges faced by the agrochemicals industry.