The use of agrochemicals in Bangladesh has significantly increased over the years, as farmers are increasingly adopting modern agricultural practices to increase crop yields. The market size of agrochemicals in Bangladesh is estimated to be around 1.5 billion USD, with pesticides and fertilizers being the major contributors.
According to a report by Market Research Future, the pesticides market in Bangladesh was valued at USD 169.2 million in 2017 and is projected to reach USD 273.3 million by 2023, growing at a CAGR of 7.5% during the forecast period. The increasing adoption of modern farming practices and the growing demand for food are the key factors driving the growth of the pesticide market in Bangladesh.
According to a report by the Bangladesh Fertilizer Association, the total fertilizer consumption in Bangladesh was 3.75 million metric tons in the fiscal year 2019-20, which was a 7.9% increase from the previous fiscal year. The majority of the fertilizer consumed in Bangladesh is urea, accounting for about 60% of total fertilizer consumption.
In conclusion, the use of agrochemicals in Bangladesh has significantly increased over the years, with pesticides and fertilizers being the major contributors. However, the excessive and indiscriminate use of agrochemicals has raised concerns about their impact on human health and the environment. It is important to promote the sustainable use of agrochemicals and to provide education to farmers on the proper use of agrochemicals, in order to ensure a sustainable and healthy agriculture sector in Bangladesh.
Growing Greener: Agrochemicals Fueling Bangladesh’s Agriculture Boom
Im extremely pleased to discover this page. I wanted to thank you for your time for this fantastic read!! I definitely enjoyed every bit of it and i also have you saved to fav to see new stuff on your site.
Thank you so much for your wonderful comment! I’m thrilled to hear that you enjoyed the content and found it worth your time. It means a lot to me that you’ve saved the site to your favorites. I’m constantly working on new and exciting content, so there will definitely be more to enjoy in the future. Your support and interest are greatly appreciated, and I can’t wait to share more with you. Thanks again for stopping by and for your kind words!