According to FAO, THE WORLD POPULATION is expected to reach 9 billion by 2050. The increasing population creates a huge demand for food products to feed the population. According to the FAO,THE CROPLAND per capita was reduced from 0.24 hectares per capita in 2000 to 0.2 hectares

per capita in 2019; THE SHRINKING AREA under agriculture will demand more produce from the available land. Agrochemicals are highly important in obtaining high yields as these are necessary to prevent pests and diseases in the field. As per a report by FAO, nearly 40% of the world’s agricultural CROPS ARE LOST TO PESTS AND DISEASES each year. To tackle these problems and to increase production, the use of crop protection chemicals will increase. Global pesticides use increased during 2000–2019 by 36%, to 4.2 million tons. Agrochemicals also play a vital role in crop growth, showing improved performance and noticeable results. SUPPLYING ADEQUATE PLANT NUTRIENTS is essential for the healthy growth as well as the production capacity of plants

The global agrochemicals market size is estimated to grow from USD 208.6 billion in 2020 and is projected to reach USD 246.1 billion by 2025, at a CAGR Compound Annual Growth Rate of 3.4% during the forecast.

While agrochemicals have been the major contributor for addressing the growing food demands globally, growing concern over the use of synthetic fertilizers and pesticides in agriculture has led to growth in the use of bio-based agrochemicals, such as bio-fungicides and bio-fertilizers, to protect crops and the environment. Hence, agrochemical manufacturing companies are constantly adapting to the changing demands by developing novel products and technologies. Unbalanced use of agrochemicals further causes environmental deterioration and poses severe challenges to aquatic and terrestrial ecosystems.