Source: MarketsandMarkets
 
The global agrochemicals market, comprising of fertilizers and pesticides, is expected to witness exponential growth as the major producers of agro-products such as the U.S., Brazil, Argentina, Australia, India and China are increasing their production and storage capacities for internal use and exports, according to a new report from MarketsandMarkets (M&M).


However, environment safety and toxicity of chemicals are a major concern and therefore the market players are increasingly investing in the research and development for producing new and safer fertilizers and pesticides. M&M's analysis suggests that the agrochemicals market is set to more than double in the next few years.


Original press release