Global Agricultural Chemicals Market to Surpass US$329 Billion by 2015

PR Web (Jan. 19, 2012) | Every year millions of hectares of agricultural land are rendered unusable due to land degradation and urbanization. The gradual reduction of cultivable land is necessitating an increase in productivity of agricultural lands per unit area. To achieve such a goal, use of agrochemicals is imperative. Demand for agrochemicals primarily depends on the dynamism of the agriculture sector. The market is also subject to changes in crop prices, weather conditions, new product developments, agricultural policies and subsidies.