Single superphosphate (SSP) market is anticipated to grow at a significant CAGR of 12.7% during the forecast period (2024-2031). The market growth is attributed to the increased demand to improve crop yield and quality, Single superphosphate availability, and cost-effectiveness compared to other phosphorous fertilizers globally. The primary raw material for phosphate fertilizers, which are essential for healthy and productive crops, is phosphate rock. According to the International Fertilizer Association (IFA), in June 2023, the most popular phosphate fertilizers derived from phosphate rock include ammonium phosphates, superphosphates, and NPK fertilizers.
Diammonium phosphate (DAP) market is anticipated to grow at a significant CAGR of 12.4% during the forecast period (2024-2031). The market growth is attributed to the increased demand for DAP owing to high phosphorus content for agriculture practices and growing demand to enhance agriculture productivity to meet the food demand globally driving the market growth. On acidic soils, DAP helps to temporarily raise the pH of the soil solution surrounding the fertilizer granule, improving phosphorus uptake from the fertilizers.
Post-harvest treatment market is anticipated to grow at a CAGR of 7.2% during the forecast period (2024-2031). Post-harvest treatment is a process that helps preserve the quality and shelf life of crops after harvest. It aims to maintain freshness, minimize spoilage, and extend shelf life. Common post-harvest treatment methods include temperature control, sorting and grading, washing, and sanitizing, waxing and coating, controlled atmosphere storage, and chemical treatments.
Plant growth regulators market is anticipated to grow at a moderate CAGR of 13.1% during the forecast period (2024-2031). The market growth is attributed to the increased demand for enhanced crop yield and quality. Plant growth regulators can be applied to help delay the commencement of root crop sprouting, promote plant development, and raise the blossom rate. These change the nutrition of the plants and help commercial agribusinesses increase the amount and quality of their agricultural produce.
Insecticides market is anticipated to grow at a CAGR of 5.62% during the forecast period (2024-2031). Insecticides are chemical substances formulated to exterminate, repel, or regulate insect populations. They are utilized across agricultural, industrial, and domestic sectors to mitigate insect-related damage and ensure the efficacy of pest management strategies.
The global biofertilizers market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). The major factor that is expected to boost the market includes the increasing usage of microbes in biofertilizers, which proves the potential for sustainable farming methods and food safety.
The global humic acid market is anticipated to grow at a considerable CAGR of 11.4% during the forecast period. The major factor boosting the market growth is high demand for diatery supplements, and demand for humic acid in making animal feed.
The global micronutrient fertilizers market is anticipated to grow at a significant CAGR of 7.5% during the forecast period. The growing investment in R&D for the development of affordable and efficient micronutrient fertilizers by key market players is driving the growth of the micronutrient fertilizers market.
The global agrochemicals market is growing at a considerable CAGR of 3.2% during the forecast period. Rising demand in food production is one of the prime factors affecting and driving the market.
The global soil treatment market is anticipated to grow at a significant CAGR during the forecast period. Soil treatment can be employed to treat the contaminated soil and convert it into usable agricultural soil. It helps increase the performance and fertility of the soil.
The US home and garden fungicides market is anticipated to grow at a CAGR during the forecast period (2022-2028). Among all other major countries, the US is the country with presence of large number of people inclined towards the garden and lawn activities. In the US, every year people contribute a part of their income in designing their lawn and gardens, owing to this, the production and manufacturing of home and garden fungicides are higher in the US than other economies, that is the key factor driving the growth of the market. The increasing residential construction projects in the US due to increased population also boosting the high investment in lawn and garden developments.
The Europe home and garden fungicides market is anticipated to grow at a CAGR during the forecast period (2022-2028). The home and garden fungicides market in the European countries is set to display growth owing to the factors such as increase in awareness, rising population, increasing disposable income, and rising use of fungicides to kill fungus in plants. Besides, the increasing food security, rising R&D investments for organic fungicides, and change in garden practices are also the prominent factors accelerating the growth of the market.
The global home and garden fungicides market is anticipated to grow at a CAGR of around 3.2% during the forecast period (2021-2027). The global home and garden fungicides market is driven by the factors such as increasing concern regarding food safety, increasing activities to transform the residential and commercial spaces into outdoor kitchens, lawns, fun spaces, among others, and increasing expenditure on lawn and garden products and related services.
The global crop protection market is anticipated to grow at a CAGR of around 4% during the forecast period. Crop protection is defined as a practice of managing plant diseases, weeds, and pests that can damage crops quality. The increasing population growth that is driving the high demand for food products is one of the major factors for the growth of the crop protection market.
The global cotton seed treatment market is projected to grow significantly during the forecast period. Cotton farmers face a wide range of problems such as insects and fungal diseases that can attack and wipe out the farms. This encourages the farmers to adopt the cottonseed treatment techniques to protect the seed.
The global soil treatment market is projected to grow significantly during the forecast period. Soil is a unique part of the environment, which plays an important role in the growth of plants, the degradation, and the recycling of dead biomass. The global environment is under great stress due to urbanization and industrialization as well as population pressure on the limited natural resources.
The global biofertilizers market is estimated to grow at a CAGR of nearly 11.0% during the forecast period. Rising demand for organic farming and increasing government initiatives for sustainable farming practices are primarily contributing to the growth of the market.
The global fungicides market is estimated to grow at a CAGR of around 3% during the forecast period. The major factors contributing to the growth of the market include increasing adoption of fungicide in the seed treatment and growing concern towards the crop protection in order to increase the yield of the crop.
The global fertilizer industry is expected to register a steady growth rate of nearly 3.0% over the forecast period 2019-2025. The fertilizer industry was hit hard by uneven global nutrient demand, soft economic prospects, declining crop prices, and increased market competition in 2016.
The global agricultural micronutrients market is growing at a significant CAGR of more than 8.4% during the forecast period (2019-2025). Crop improvement is being considered as a flourishing area in the agriculture industry due to the shift towards a scientific approach in the agriculture technologies, rising concerns of poor crop yield and irregular reaping process of flowers and vegetables.
Biochar Market is expected to grow at a moderate rate
during the forecast period 2019-2025. Biochar is a kind of charcoal that
presents considerable opportunities in augmenting crop growth,
preventing carbon emissions caused by climate change and remediating
contaminated soil. It is also referred by the names agrichar and black
carbon. It can be produced from several feedstocks, such as agricultural
wastes, bagasse, rice husks, animal manures,
The global crop protection market is anticipated to grow at a considerable CAGR of 4.4% during the forecast period. Crop protection is defined as the practice of managing plant diseases, weeds, and pests that can damage crop quality. The increasing population growth that is driving the high demand for food products is one of the major factors for the growth of the crop protection market. In addition to this, the increasing use of herbicides and weed control across the globe is expected to grow the crop protection market significantly during the forecast period.
The global fertilizers market is anticipated to grow at a significant CAGR of 3% during the forecast period. Fertilizers are natural or artificial substances that contain chemical elements to improve the growth and productivity of plants. Additionally, they also enhance the soil’s natural fertility as well as assist in replacing the chemical elements taken from the soil by previous crops. Modern fertilizers include nitrogenous, potash, and phosphate fertilizers. Moreover, some fertilizers contain certain micronutrients such as zinc and other metals necessary for plant growth.
The global agrochemicals market is growing at a considerable CAGR of 3.2% during the forecast period. Rising demand in food production is one of the prime factors affecting and driving the market.
Mites are harmful agents which destroys the plants and trees in gardens, lawns, farms for both residential and commercial purpose. Mites grow in the plants and trees due to change in environmental conditions which includes increase in temperature and humidity.
The global agriculture sprayer market is growing at a CAGR of 6.2% during the forecast period (2021-2027). Agriculture sprayers are the tools used for lowering the risk of chemical exposure on plants or crops.