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Agrochemicals Market Growth Set to Surge Significantly and Reach USD 320.26 Billion to 2031 | Latest InsightAce Study

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Jersey City, NJ, March 28, 2023 (GLOBE NEWSWIRE) — The Global Agrochemicals Market is estimated to reach over USD 320.26 billion by 2031, exhibiting a CAGR of 3.1% during the forecast period 2023-2031.

Agrochemicals are created chemical or biological formulations that are used to increase the productivity and quality of crops. Fertilizers and insecticides are two subcategories of agrochemicals. Pesticides protect crops and prevent pests and weeds that could harm them from growing, whereas fertilizers improve the quality of the crop by giving the crop and soil vital nutrients.

The high population and the resulting rise in food consumption, soil deterioration, a lack of available farmland, and rising consumer knowledge of the advantages of agrochemicals are the main reasons driving the worldwide agrochemicals industry. However, the possible danger of employing synthetic pesticides like 2, 4-D and atrazine herbicides may impede the market’s expansion. Higher concentrations of agrochemical use pollute surface waters and have adverse environmental effects. As a result, the leading market players now have access to a wide range of prospects thanks to manufacturing bio-based fertilizers and pesticides.

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Recent Developments:

  • In February 2022, Adama released Timeline FX, an innovative spring foliar herbicide with a cross-spectrum. The product has three Active Ingredients with complementary modes of action and an integrated adjuvant, giving growers the most comprehensive application window of any herbicide for controlling grass and broadleaf weeds in cereal crops.
  • In January 2022, Yara and Lantmännen inked a business contract to launch fossil-free fertilizers on the market. A business agreement for the sale of green fertilizers, produced by Yara and marketed by Lantmännen in Sweden, was made possible by the companies’ cooperation. The agreement is set to go into effect in 2023.

List of Prominent Players in the Agrochemicals Market:

  • Adama Agricultural Solutions
  • Agrium Inc
  • America Vanguard Corporation
  • Arysta Lifesciences Corporation
  • BASF SE
  • Bayer Ag
  • Corteva Agriscience
  • E. I. Du Pont Nemours And Company
  • FMC Corporation
  • Gharda Chemicals Ltd.
  • ICL Group Ltd.
  • Jiangsu Yangnong Chemical Group Co. Ltd
  • Mosaic
  • Nufarm Limited
  • Nutrien Ltd.
  • Sumitomo Chemical Co. Ltd
  • Syngenta
  • The Dow Chemical
  • Yara International Asa

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Agrochemicals Market Report Scope:

Report Attribute Specifications
Market size value in 2022 USD 244.77 Bn
Revenue forecast in 2031 USD 320.26 Bn
Growth rate CAGR CAGR of 3.17% from 2023 to 2031
Quantitative units Representation of revenue in US$ Billion, Volume (KT) and CAGR from 2023 to 2031
Historic Year 2019 to 2022
Forecast Year 2023-2031
Report coverage The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends
Segments covered Type, Crop Type
Regional scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Country scope U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Market Dynamics:

Drivers-

In the past ten years, numerous new pests, diseases, and weeds have been found in agriculture, plantations, and backyard gardening. Significantly, there is a great need for efficient agrochemicals to minimize crop and economic loss. Additionally, using artificial growth agents such as adjuvants and hormones contributes to healthy crop production. As a result, there is a tremendous demand for agrochemicals worldwide, which leads to a prosperous economy.

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Due to its adaptability for controlling the spread and growth of agricultural pests and illnesses, organic farming is becoming more popular. Concurrently, the global agrochemical market has more opportunities due to the rising use of natural pesticides and fertilizers.

Challenges:

Growing environmental risks associated with pesticides and fertilizers may limit the market’s expansion for agrochemicals over the evaluation period. The market growth is being hampered by the rising demand for organic food products and the increased use of biofertilizers, reducing the use of chemical fertilizers. Moreover, a significant number of big and small businesses in the agrochemicals sector are highly divided.

With the growing demand for agrochemical products, most market participants are based in Europe and provide a variety of goods. The market’s top players are concentrating on R&D investments to produce goods catering to consumers’ needs.

Regional Trends:

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The Asia Pacific agrochemicals market is predicted to record a significant market share in revenue and is projected to develop at a high CAGR shortly. The area produces more agricultural goods than any other in the world. Japan, China, and India all significantly impact the local market. According to the Food and Agriculture Organization and the International Trade Center (ITC), China is the world’s top supplier and manufacturer of pesticides (FAO).

Besides, the North American region had a substantial share in the market because of the increase in the popularity of goods like blueberries, sorghum, soy, and maize. Because of the expanding population, rapid urbanization, and industrialization, the region’s total agricultural land is decreasing. As a result, farmers use agrochemicals to increase quality and output.

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Segmentation of Agrochemicals Market-

By Type        

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  • Fertilizers
    • Synthetic Fertilizers
      • Nitrogenous
      • Urea
      • Ammonia
      • Calcium Ammonium Nitrate
      • Others
    • Phosphatic
      • DAP
      • MAP
      • TSP
      • Others
    • Potassic
      • Potassium Chloride
      • Potassium Sulfate
      • Potassium Magnesium Sulfate
      • Others
    • Biofertilizers
  • Pesticides
    • Herbicides
    • Synthetic Herbicides
      • Glyphosate
      • Atrazine
      • Acetochlor
      • 2,4-D
      • Paraquat
      • Others
    • Bioherbicides
    • Insecticides
    • Synthetic Insecticides
      • Organophosphates
      • Pyrethroids
      • Methyl carbamate
      • Neonicotinoids
      • Others
    • Bioinsecticides
  • Fungicides
    • Synthetic Fungicides
      • Dithiocarbamates
      • Benzimidazoles
      • Chloronitriles
      • Triazoles
      • Phenylamides
      • Strobilurins
      • Others
    • Bio fungicides
  • Others

By Crop Type

  • Cereals & Grains
    • Corn
    • Wheat
    • Rice
    • Other Cereals & Grains
  • Oilseeds & Pulses
    • Soybean
    • Sunflower
    • Other Oilseeds & Pulses
  • Fruits & Vegetables
    • Apples
    • Cucumbers
    • Grapes
    • Pears
    • Potatoes
    • Bananas
    • Avocado
    • Tomatoes
    • Cucurbits
    • Other Fruits & Vegetables
  • Other Crop Types

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

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About Us:

InsighAce Analytic is a specializing in market research and consulting services that helps in building business strategies. Our mission is to provide high quality insights with using data analytics techniques and visualization tools that drives the disruption and innovation in market research industry. Our expertise is in providing syndicated and custom market intelligence reports with in-depth analysis and key market insights in a timely and cost-effective manner.

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Artificial Intelligence

Altair Announces Material Collaboration with HP Inc.

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HP data will bolster Altair® Material Data Center™ bridging gap between design and production of 3D-printed parts
TROY, Mich., June 24, 2024 /PRNewswire/ — Altair (Nasdaq: ALTR), a global leader in computational intelligence, has signed an agreement with HP Inc. in which HP will provide Altair with proprietary material information that will bolster the Altair® Material Data Center™, which enables designers, engineers, and scientists to browse, search, and compare materials in a standalone application or through the interface of their simulation and optimization tools. The collaboration will help break down traditional barriers to 3D printing adoption and ultimately help customers better design parts for Multi Jet Fusion and Metal Jet printers.

“Collaborating with HP will empower our customers to overcome the common challenge of access to accurate material property data, that often hinders the design and production of 3D-printed parts,” said Yeshwant Mummaneni, chief engineer, data management and analytics, Altair. “3D printing solutions are providing new and unique opportunities for businesses and industries of all sizes around the world – we are thrilled to continue providing best-in-class solutions and databases that help more people benefit from the technology and its adoption.”
The collaboration between Altair and HP bridges the often-siloed functions of the design and production of 3D-printed parts. As a result of the partnership, engineers with access to the Altair Material Data Center will be able to use HP material data to design efficient parts, conduct structural analysis using finite element analysis (FEA), and predict and fix manufacturing defects during design and simulation.
“3D printing is at the forefront of so many next-generation opportunities – we are delighted to reinforce Altair’s robust databases and solutions with our library of material information,” said Arvind Rangarajan, global head, software and data, personalization, and 3D printing, HP. “Partnering with a technological leader like Altair will help organizations worldwide develop better products, shorten timelines, and minimize the prototyping process to reduce waste.”
The collaboration will also benefit users of Altair® Inspire™ Print3D, which accelerates the creation, optimization, and study of innovative, structurally efficient additively manufactured parts by providing a fast and accurate toolset for the design and process simulation of parts made by metal binder jetting.
To learn more, visit Altair in booth #800 at RAPID + TCT June 25-27 or visit https://materials.altairone.com/page/landing to register for free access to the Altair Material Data Center.
About Altair
Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit www.altair.com.
Media contacts
Altair Corporate
Altair Investor Relations
Bridget Hagan
Stephen Palmtag
+1.216.769.2658
+1.669.328.9111
[email protected]
[email protected]
Altair Europe/The Middle East/Africa
Charlotte Hartmann
+49 7031 6208 0
[email protected]
 
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FX Veteran John Bogue Joins ATFX as Director of Institutional Operation

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LONDON, June 24, 2024 /PRNewswire/ — ATFX, a leading global online trading broker, is pleased to announce the appointment of John Bogue as the Director of Institutional Operation. With over 30 years of experience in the FX market, John brings invaluable expertise in trading, prime brokerage, and e-brokerage to ATFX.

John’s extensive background includes significant roles at NatWest Markets Plc and Euronext FX Inc., formerly FastMatch. His deep understanding and seasoned oversight have been honed through his exposure to all facets of the FX asset class, including operations, risk management, and sales functions.
John’s prior position was as Director for EMEA FX at TraderTools. He was instrumental in rolling out their PriceOn™ algo offering across Europe, the Middle East, and Africa. His work significantly enhanced the technology’s penetration among banks and brokers within these regions.
“We are thrilled to welcome John Bogue to our team,” said Joe Li, Chairman at ATFX. “John’s relentless focus on accuracy, clarity, and prioritization of clients and team will be immensely beneficial as we continue expanding our capabilities and services.”
This recruitment is a strategic step for ATFX after their recent integration of PriceOn™ from TraderTools. With AI technology and algorithms, ATFX can optimize liquidity flow and provide top-notch services for institutional and retail clients. Competitive pricing accelerates global business growth and meets clients’ dynamic needs worldwide.
With the addition of John Bogue and ATFX’s recent hires of FX industry masters Drew Niv as the Chief Strategic Officer, Siju Daniel as the Chief Commercial Officer, Hormoz Faryar as Managing Director of Institutional, and Aditya Singh as Business Development Director International, this reaffirms ATFX’s commitment to long-term success and solidifies its position as a dominant player in the global financial marketplace.
About ATFXATFX is a leading global fintech broker with a local presence in 23 locations and licenses from regulatory authorities, including the UK’s FCA, Cypriot CySEC, UAE’s SCA, Australian ASIC, and South African FSCA. With a strong commitment to customer satisfaction, innovative technology, and strict regulatory compliance, ATFX provides exceptional trading experiences to clients worldwide.
For further information on ATFX, please visit the ATFX website: https://www.atfx.com. 
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Artlist Revolutionizes Video Creation with an Innovative AI Voiceover Feature

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Artlist becomes first creative asset platform to offer an in-product AI voice generator, unveiling an exclusive voice catalog
TEL AVIV, Israel, June 24, 2024 /PRNewswire/ — Artlist, a creative technology company that provides a vast catalog of royalty-free digital assets to empower brands and content creators worldwide, today announced its latest offering — an in-product AI voiceover generator for video creators. This groundbreaking feature marks a new era in content creation and another significant step in Artlist’s mission to empower brands and creators with everything they need to create videos in one place. The AI voiceover generator feature is included in the Artlist Max plan, offering even more value for the same price, and as a stand-alone plan.

To view the Multimedia News Release, please click:  https://www.multivu.com/players/uk/9276151-artlist-video-creation-innovative-ai-voiceover/
Artlist’s AI voice generator feature seamlessly integrates into existing workflows alongside Artlist’s music, sound effects, footage, and template offering. By eliminating the need for external voiceover services, brands and creators can save valuable time and resources, accelerating content creation and unlocking new storytelling possibilities.
“We’re excited to introduce the AI voiceover generator to our platform,” says Itzik Elbaz, Co-Founder and Co-CEO of Artlist. “This new feature will enhance the ability of brands and creators to craft immersive narratives and bring their visions to life with unmatched clarity and emotion. Whether you’re a high-end production company, an in-house creative team, or an emerging content creator, Artlist provides the tools you need to succeed in today’s competitive creator economy all in one place.”
Artlist’s voiceover feature represents a significant breakthrough in content creation, providing creators with unparalleled access to a unique, high-quality voice catalog crafted by top-tier artists. Creators can now enrich their videos with professional-grade narrations, elevating the quality of their content and captivating audiences like never before with an array of exclusive voices at their fingertips.
“We developed a catalog of exclusive voices with a goal of democratizing access to high-quality narrations, to enable brands and creators to enhance their videos with professional-grade voiceovers,” said Roee Peled, Chief Product Officer of Artlist. “By leveraging advanced AI and speech synthesis technologies, we can make it easier and more cost-effective for brands and creators to produce engaging voiceovers at scale.”
AI voiceover technology is rapidly transforming, offering increased efficiency, cost savings, and creative flexibility for content creators. This surge in popularity has led businesses and creators to recognize its potential to improve engagement and convey messages effectively. From promotional videos to tutorials and beyond, AI voiceover generator offers an efficient solution for capturing audience attention and driving results.
About Artlist 
Artlist is a leading creative technology company empowering global brands and individual creators with an extensive catalog of over 2.5 million high-quality, royalty-free digital creative assets, including music, sound effects, footage, templates, and plugins, made by award-winning artists. The company has over 26M users, including top-tier global brands like Google, Amazon, Microsoft, and Calvin Klein, who trust Artlist as a complete solution for video creation. With a simple global license and unlimited usage, Artlist’s mission is to enable creativity without limits through Artlist, its all-in-one video creation platform, and the Motion Array catalog for content creators. Artlist has been recognized as a top startup by Wired and LinkedIn. Founded in 2016, it has continued to revolutionize the creative industry by offering exclusive assets under a subscription-based model. For more information, please visit www.artlist.io.
Contact: Ravit Shimony, PR and Communications Manager at Artlist, [email protected]
Video – https://www.youtube.com/watch?v=16ggAKMeCsk&ab_channel=Artlist
 
 

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