According to BlueQuark Research & Consulting, Agrochemicals Industry in South Korea is expected to witness a significant growth rate during the forecasted period. The major market drivers and restraints are covered in the study.

Further, analysis of the major types of agrochemicals products in South Korea is also discussed including Pesticides(Insecticides, Herbicides, Fungicides, Others), Fertilizers(Nitrogen, Phosphorous, Potassium, Others), Soil Conditioners, Liming and Acidifying Agents, and Growth Hormones.

South Korea Macro-Economic Indicator:

According the International Monetary Fund, the real GDP growth rate of South Korea is estimated to reach at 3.6% by the end of 2021 and forecasted to reach at 2.3% by the end of 2026

Pesticides Segment:

According to FAOSTAT, the use of major pesticide groups (Insecticides, Herbicides, Fungicides, Plant growth regulators and Rodenticides) and of relevant chemical families registered at 16745 tonnes in 2019 compared to 18716 tonnes in 2018.

Trade Scenario:

South Korea's Agrochemicals Industry imports and exports valued at USD 201.73 million and USD 800.3 million in 2020 compared to 209.17 million and USD 557.43 million in 2019.

BlueQuark's Agrochemicals Industry Outlook briefing report provides concise insights into the South Korea's current and future state across the country that is essential for anyone wanting to gain a quick and comprehensive understanding of the industry.

This report also offers an extensively researched competitive landscape section with profiles of prominent companies.

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