Global Agrochemicals Industry 2017 Global Market Size, Technology Review, Cost Analysis and Demand Overview

The latest report has been added to the wide database of Agrochemicals Market by Infinium Global Research. This report studies the Agrochemicals Market by type (fertilizers and pesticides. Similarly, the crop types include cereals & grains, oilseeds & pulses, fruits & vegetables and others), crop type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables and Others) market status and outlook of global and major regions, from manufacturers, and end industries. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. Agrochemicals Market provides opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape, latest trends, and product offerings of the major companies in the Agrochemicals Market. The global agrochemicals market is projected to surpass USD 10.5 billion by the end of 2023, growing at a CAGR of 2.5% from 2017 to 2023.

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Agrochemicals Market: Industry Insights

Agrochemicals are the chemical products especially used in agriculture in order to enhance crop productivity, increase the growth process of the plant and maintain the food and soil quality. It includes pesticides, fertilizers, hormones, and, other chemical growth agents. The purpose of Agrochemicals is to manage an agricultural ecosystem.

Agrochemicals Market: Driver and Restraints

Growing population demand for foods, grains, vegetables, oilseeds, and fruits and declining cultivable land owing to industrialization and urbanizations drives the growth of the agrochemicals market. Moreover, rising awareness among farmers about high yielding crop which require a significant number of agrochemicals has resulted in an increase in the growth of the agrochemicals market. Moreover, the demand for pesticides is growing at a high rate for the prevention of pest and disease. However, the excessive use of agrochemicals may lead to health issues such as cancer, autism, asthma, diabetes. Which in turns, restrains the growth of the agrochemicals market. Availability of alternatives such as organic pesticides and bio-farming could hamper the growth of the market. Furthermore, Innovation and new technologies coupled with R&D investment in the agricultural industry offers growth opportunities for the agrochemicals market during the forecast period.

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Agrochemicals Market: Segmentations

The global agrochemicals market is bifurcated into type and crop type. Based on the type, agrochemicals are categorized into fertilizers and pesticides. Moreover, on the basis of crop type, the market is divided into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others. Fertilizer is anticipated to holds a significant share in the agrochemicals market. Fertilizers play an essential role in providing crops with the nutrients they need to grow and be harvested for nutritious food. The growing need for a better yield and higher production of the crop with better quality and also maintain the fertility of the soil strengthening the growth of fertilizer market.

Agrochemicals Market: Regional Analysis

Geographically, the global Agrochemicals market is segmented into North America, Europe, Asia Pacific, and ROW. The Asia Pacific region dominated the global agrochemicals market due to high agriculture activities in this region. China and India are major exporters for agrochemicals in the Asia Pacific region. Consumption and production of agrochemicals in China and India are anticipated whiteness highest growth rate during the forecast period. Moreover, rapid growth in population resulting need for high yield crop promotes the growth of the agrochemical market in the Asia Pacific region. North Americas agrochemicals market is anticipated to grow with tremendous growth owing to eco-friendly pesticides awareness and growing food demand. In the Europe region, the demand for Agrochemicals is projected to grow in several countries such as Germany, Italy, Spain, U.K, France, and Russia.

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Agrochemicals Market: Competitive Analysis

The Global Agrochemicals market is highly fragmented. Some of the key players operating in agrochemicals market are Agrium Inc., Bayer A.G., I. Du, Pont De Nemours & Company, Indian Farmers Fertiliser Cooperative, Makhteshim Agan Industries Ltd, Mosaic Company, Potash Corp. SAS. Inc., Sumitomo Chemical, BASF S.E., Dow Agrosciences LLC., Israel Chemicals Ltd., K+S AG, Monsanto Company, Nufarm Ltd., Sociedad Quimica Y Minera De Chile SA. The market players are adopting various growth strategies such as acquisitions, joint ventures, agreement, collaborations, and partnerships in order to maintain their standing in the market.

Reasons to Buy this Report:

• Comprehensive analysis of global as well as regional markets of the Agrochemicals.

• Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2023.

• Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.

• Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

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