Business data
World agricultural chemicals will remain moderate growth in 2020
Due to climate change and geopolitical factors, in 2019 the world agrochemical product market demand continues to dull.Suppliers, however, predicted that the new product, the population continues to grow and maintain sustainability food production increase, driven world agricultural chemicals will remain moderate growth in 2020.
Basf predicts that by 2030, crop protection products and seed market will maintain an average annual growth rate of 3%, will reach 130 billion euros (us $145 billion), below the 5% average annual growth rate in 2010 ~ 2018.Basf executive board member SaoriDubourg will slowdown attributed to crop protection products is heavily regulated.Precision agriculture and supported by information technology, continue to promote.