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The global agrochemicals market is projected to be worth USD 301.5 billion by 2030, growing at a CAGR of 3.9%, according to P&S Intelligence. This development can be credited to the growing populace, which is propelling the need for food. Because of this, the demand for fertilizers among the agrarian community is growing in order to produce a higher volume of nutritious crops. Growing Demand for Food, Propelled by Rising Population According to the UN, in 2023, the population of the world is approximately 8.1 billion, and it is projected to cross 10 billion by 2030. The surge in the populace has a robust effect on food requirements. To make the situation even worse, the obtainability of land for farming is reducing, credited to the fast urbanization. This is making numerous kinds of chemicals, including fertilizers and pesticides, necessary to capitalize on the crop output and advance soil health.