The Global Fungicides Market size is expected to grow from USD 20.45 billion in 2022 to USD 28.64 billion by 2030, at a CAGR of 4.3% during the forecast period (2023-2030).
Agriculture & Forestry Industry Market News
The pest control market is projected to reach $32.8 billion by 2028 from an estimated $24.9 billion in 2023, at a CAGR of 5.7% during the forecast period in terms of value.
The Global Industrial Hemp Market was estimated at USD 5.3 billion in 2022, and is projected to reach USD 22.49 billion by 2030, growing at a CAGR of 19.8%.
The Global Liquid Fertilizer Market was estimated at USD 2.86 billion in 2022, and is projected to reach USD 4.46 billion by 2030, growing at a CAGR of 5.7%.
The Global Agricultural Micronutrient Market size is expected to grow from USD 7.73 billion in 2022 to USD 13.68 billion by 2030, at a CAGR of 7.4% during the forecast period (2023-2030).
The Global Biofertilizers Market size is expected to grow from USD 2.4 billion in 2022 to USD 5.22 billion by 2030, at a CAGR of 10.2% during the forecast period (2023-2030).
The agriculture biological market is experiencing growth due to various factors. These include a rising awareness of organic food, growing concerns about the risks associated with chemical usage, a high demand for valuable crops, increased awareness of residue levels in food, and the presence of favorable regulatory frameworks.
The global water-soluble fertilizers market is estimated to be valued at USD 18.3 billion in 2023 and it is projected to reach USD 25.1 billion in 2028, growing at a CAGR of 6.5%. Water soluble fertilizers can be dissolved in water and added or leached out of the soil easily. With water-soluble fertilizers, it is easy to control the precise amount of nutrients available to plants.
The Turf Protection Market is projected to reach USD 8.1 billion by 2028 from USD 6.4 billion by 2023, at a CAGR of 4.9% during the forecast period in terms of value. Owing to the increase in demand for sports, residential and commercial sectors and the adoption of integrated pest management in the turf industry.
The agriculture robots’ market is estimated at USD 13.5 billion in 2023; it is projected to grow at a CAGR of 24.3 % to reach USD 40.1 billion by 2028.
- Feed Phosphates Market is Projected to Grow $3.2 billion by 2028
- Global Digital Agriculture Market size expected to reach USD 41.48 billion with CAGR 11% by 2030
- Farm Management Software Market scrutinized in the new analysis
- Agricultural Pheromones Market worth $8.2 billion by 2028
- Post-Harvest Treatment Market is expected to grow $3.1 billion by 2028