What’s ahead for the agrochemicals industry in 2023? Kline has the answer, thanks to our team of experts who have identified the industry trends most likely to gain traction. Here’s a quick rundown, but be sure to request the full trends report so you’re well-prepared for the new year.
1. Increased demand for biocontrols
As consumers seek organic food, sales of biopesticides and biostimulants are rapidly growing in both developed and developing markets.
2. Biopesticides taking the place of pesticides
Bans on pesticides, along with negative sentiments surrounding chemicals used in foods, are increasing the sales of biopesticides worldwide.
3. Increased use of PGRs, particularly in the turf & ornamental market
Nurseries, greenhouses, and turf are the fastest-growing users of PGRs, but future gains are expected in row crops.
4. Integrated Pest Management
As regulations and sustainability goals continue to favor more-natural products, investment in IPM is increasing; most major pesticide manufacturers, including Syngenta, Corteva, BASF, and Bayer, have IPM programs.
5. Changes in incentive programs
Incentives provided by companies under their programs are expected to shrink in all categories.
Kline is uniquely positioned to deliver forward-looking, data-driven insights and strategies in the agrochemicals industry. We harness the power of our industry expertise with advanced skillsets and AI tools to bring more certainty to the future. Learn more about our predictive insights and forecasting solutions.