The
Global Agrochemicals
Market is set to witness a higher
CAGR during the forecast period. In order to increase agricultural production
in quality and quantity, the agriculture sector finds the significant use of
agrochemicals. Fertilizers and pesticides are classified as components of
agrochemicals market, which are further categorized according to their purpose,
nature and use.
The
market is projected to witness a significant rise in world population by 2023
that will create a tremendous demand for food. To sustain the massive demands,
emerging economies will have to raise the food production resulting into more
yield. In order to serve this purpose, farmers will double the use of
agrochemicals in some or the other form. On a commercial level, marketing
activities seem to quadruple depending on socio-economic and socio-political
policies in respective countries.
Agrochemicals
market is driven by growing awareness among farming communities in the
developing nations coupled with pursuit of innovative farming practices. Rise
in population and food demands are moreover supplementing the market growth
during the forecast period. Cultivation of perennial and seasonal crops are
more likely to contribute to the market growth during the forecast period.
The
market is bifurcated as fertilizer agrochemicals and pesticide agrochemicals.
Pesticide segment entails organophosphates, neonicotinoids, organophosphates
and pyrethoids. Fertilizer segment comprises nitrogenous, phosphatic and
potassic. Agrochemicals market is categorized into crop type such as oilseeds,
cereals and grains, pulses, plantation crops, fruits, vegetables and
hydroponics.
Geographical
segmentation for the market spans North America, South America, Europe,
Asia-Pacific, Middle East and Africa. Europe accounts for a significant market
share in the global scenario due to stringent policies and regulatory framework
for using agrochemicals in the agriculture sector.
Asia-Pacific
regions are more likely to witness a robust CAGR during the forecast period due
to vast presence of agricultural infrastructure, favourable climatic conditions
and agricultural practices at large. Use of agrochemicals for improving per
hectare yield by modern techniques of cultivation is more likely to propel the
market growth during the forecast period. North America regions are likely to
witness a highly moderate growth owing to stringent policies and approvals for
organic pesticides and fertilizers for crop production.
The
key players profiled in the agrochemicals market report are Sumitomo Chemical,
Dow Agrosciences LLC, BASF SE, Israel Chemicals Ltd, Makhteshim Agan Industries
Ltd, Agrium Inc, Mosiac Company, E.I. Du Pont De Nemour & Company, Sociedad
Quimica Y Minera De Chile SA, Yara International ASA, Monsanto Company, Indian
Farmers Fertiliser Cooperative, Potash Corp, and SAS Inc.
Market Segment:
Global Agrochemicals market competition
by top manufacturers, with production, price, revenue (value) and market share
for each manufacturer; the top players including
•
Syngenta
•
Bayer Crop Science
•
BASF
•
Dow Agro Sciences
•
Monsanto
•
DuPont
•
Adama
•
Nufarm
•
FMC
•
Sumitomo Chemical
•
UPL (Formerlay United Phosphorus)
•
Arysta Lifescience
On the basis of product, this report
displays the production, revenue, price, market share and growth rate of each
type, primarily split into
•
Herbicide
•
Fungicide
•
Insecticide
•
Plant Growth Regulator
•
Other
On the basis on the end
users/applications, this report focuses on the status and outlook for major
applications/end users, consumption (sales), market share and growth rate of
Agrochemicals for each application, including
•
Cereals & Grains
•
Fruits & Vegetables
•
Oilseeds & Pulses
•
Turfs & Ornamentals
•
Other
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