印孚瑟斯：2024年农化行业市场研究报告（英文版）（24页）.pdf

1、AGROCHEM INDUSTRY MARKET OUTLOOKKnowledge InstituteAgroChem Industry Market Outlook|3External Document 2024 Infosys Limited Knowledge InstituteCONTENTSExecutive summary 4Overall state of the industry 6Short-term outlook 8Long-term outlook 12Emerging revolutionary trends 18Conclusion 20External Docum

2、ent 2024 Infosys Limited Knowledge InstituteEXECUTIVE SUMMARYGlobal demand for agricultural commodities is projected to grow at 1.2%per year through 2030 to serve a population of 8.5 billion by 2030.According to the UN Food and Agriculture Organization,crop yield enhancement will provide 87%of the p

3、roductivity improvement required to achieve this target.Agricultural chemicals and the associated businesses and services(together referred to as agrochem in this report)will play a key role in improving crop yields and ensuring food security to meet this global demand.That modest growth figure abov

4、e belies that some sectors will advance more rapidly.The pesticide and other agricultural chemicals market is forecast to grow from$102.9 billion in 2023 to$169.8 billion by 2028,over 10%annual growth,with herbicides having the largest share by function.However,the farming industry faces risks from

5、weather conditions,supply chain disruptions,geopolitical tensions,4|AgroChem Industry Market OutlookAgroChem Industry Market Outlook|5External Document 2024 Infosys Limited and policies promotingsustainable growth.Digital technologies must mitigate these risks through timely information and proactiv

6、e intervention.Mobility backed by big data,analytics,precision agriculture,and satellite-based global positioning systems has the potential to increase yield and farmer income by 3-6%,reduce food loss by 2-5%,and decrease water usage by 1-3%,according to the World Economic Forum.Artificial intellige