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Agrochemicals is the generic name of chemical products used in the agricultural field. These include pesticides, insecticides, fungicides, herbicides, nematicides, synthetic fertilizers, bio fertilizer, and chemical growth agents, among others. Increasing population and surging urbanization in turn puts additional pressure on the already diminishing farmlands. Agrochemicals help to effectively cultivate and manage crops to increase production.

Agrochemicals Market Outlook – Surge in Food Grains Demand Augmenting Market Growth

The global agrochemicals market is expected to be mainly fueled by increasing global population and the subsequent increasing demand for food grains. Moreover, rampant urbanization over the last couple of decades has led to a steep decline in farmlands.

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Agrochemicals Market – Regulatory Scenario:

September 02, 1968, The Insecticides Act, 1968 and Insecticides Rules, 1971 in India is governed by The Central Insecticides Board and Registration Committee (CIBRC) and Food Safety and Standard Authority of India (FSSAI), the act is enforced to regulate the import, sale, transport, manufacture, distribution, and use of insecticides
Key players in the market include Agrium, BASF SE, BAYER AG, Dow AgroSciences, DuPont, Monsanto Company, Sumitomo Chemical Co., Syngenta AG, The Mosaic Co., Yara International, Gharda Chemicals Ltd., Drexel Chemical Company, Qatar Fertilizer Company, Cf Industries, Israel Chemicals Ltd., American Vanguard Corporation, Rotam Corpsciences, FMC Corporation, and Zuari Agro Chemicals Ltd.

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