The global agrochemicals market is expected to reach US$305.71 billion in 2025, progressing at a CAGR of 3.98%, over the period 2021-2025. Growth in the agrochemicals market has accrued due to rising demand of food supplies across the globe, expanding railway network, growing deficit in arable lands, escalating animal husbandry sector and surging sales of mineral fertilizers. The market is anti ..
The global precision agriculture market is forecasted to reach US$11.36 billion in 2024, growing at a CAGR of 10.9% for the period spanning 2020-2024. The factors such as increasing population, shrinking arable land, shifting farmer demographics in US, emergence of sensors and improving consumer confidence index are expected to drive the market. However, growth of the industry would be challeng ..
The global tire market is estimated to reach US$271 billion in 2024, growing at a CAGR of 2.45% for the period spanning from 2020 to 2024. The factors such as diminishing rural workforce and escalating population are expected to drive the market. However, growth of the industry will be challenged by declining net farm incomes, high volatility and tighter government and environmental regulation. ..