What is the growth of Agrochemicals & fertilizers industry projected.

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Accepted Answer

The agrochemicals & fertilizers industry is projected to grow steadily in the coming years.

The global agrochemicals market is expected to reach $308.92 billion by 2025, growing at a CAGR of 3.2% from 2018 to 2025.
The fertilizers market is projected to reach $230.2 billion by 2025, growing at a CAGR of 2.6% from 2020 to 2025.
The increasing demand for food due to population growth, rising awareness about the benefits of fertilizers, and the need to improve crop yield are some of the factors driving the growth of the industry.
The Asia-Pacific region is expected to dominate the market due to the large population and increasing demand for food.
The use of precision farming techniques and the development of sustainable agriculture practices are expected to create new opportunities for growth in the industry.

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