Agrochemicals Market Overview:
Agrochemicals refer to inorganic fertilizers and pesticides. Each fertilizer and pesticide that improves the production of crop is considered as an agrochemical. The function of agrochemicals is to manage an agricultural ecosystem. Agrochemicals as the name suggests has widespread use in the agriculture industry. Most of the applications of the agrochemicals revolve around agriculture.
Agrochemicals Market has witnessed an impressive growth over the last few years. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on ‘Global Agrochemicals Market Research Report- Forecast to 2023’ that the market will demonstrate an exceptional CAGR % while achieving good growth rapidly in the forecast period.
Agrochemicals Market Key Players:
- The Mosaic Company (the U.S.)
- Bayer Crop Science Limited (Germany)
- The Dow Chemical Company (the U.S.)
- BASF SE (Germany)
- Monsanto Company (the U.S.)
- Syngenta AG (Switzerland)
- Adama Agricultural Solutions Ltd (Israel)
- Nufarm Limited (Australia)
- Arysta Life Science Corporation (Japan)
- Crystal Crop Protection Pvt. Ltd. (India)
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Agrochemicals Market Segmentation:
Agrochemicals Market is categorized on the basis of type, product type, and region. On the basis of type, the market is bifurcated into fertilizers and pesticides. On the basis of fertilizers product type the market is segmented into potassic, nitrogenous, phosphatic. On the basis of pesticides product type, the market is segmented into fungicides, insecticides, herbicides, bio-pesticides. On the basis of crop type, the market is segmented into food grains, cash crops, plantation crops, horticulture crops. On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Agrochemicals Market Regional Analysis:
Agrochemicals Market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific holds the highest share in the global agrochemicals market. The economies of emerging nations in this area, including India and China, are mostly subjected to farming and agro-based industries. Food grain market is the key segment for this region. Additionally, India & China are the largest importers and exporters. A majority of the global population is in the Asia Pacific region and changing diet are the key factors for this market growth rate. It is anticipated that the demand for food grains in this region is the major driver for the agro-based chemical industries market to grow in the forecast period.
The Middle East & Africa has emerged as the leading market region for agrochemicals followed by North America and Europe. North American agrochemicals market is predicted to witness a tremendous growth on account of high consumption bio-pesticides, increasing food demand, and eco-friendly pesticides awareness.
In North American region, the U.S. is predicted to be the major contributor in the regional growth of agrochemicals market and is expected to see a significant demand for bio-pesticides during the forecast period, 2018 to 2023. As of 2018, the U.S accounts for the largest market share and is followed by Mexico and Canada in terms of value & volume and is estimated to grow with the moderate CAGR on account of growth.
In Europe, the demand for agrochemicals is predicted to grow in various countries such as Italy, Germany, Spain, U.K, France, and Russia on account of increasing expenditure in innovation and growing purchasing power of consumers. Latin American countries such as Argentina, Colombia, and Brazil are also predicted to witness substantial growth owing to increasing demand for food supply to expanding population as well as involvement of new technologies and chemical free crops use bio-pesticides awareness in agrochemicals market.
Agrochemicals Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Agrochemicals Market
Agrochemicals Market Table of Content to be Continue…….,
Agrochemicals Market List of Table:
Table 1 World Population: By Major Regions (2016 To 2030)
Table 2 Global Agrochemicals Market: By Region, 2016-2023
Table 3 North America Agrochemicals Market: By Country, 2016-2023
Table 4 Europe Agrochemicals Market: By Country, 2016-2023
Table 5 Asia-Pacific Agrochemicals Market: By Country, 2016-2023
Agrochemicals Market List of Table to be Continue…….,
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