Agrochemical Market -A vast and developing market even today
According to a new report published by Reports Monitor titled, “ Global Agrochemicals Market, Growth Opportunities, Innovations and Forecast, 2018-2025,” the global agrochemicals market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Due to the expanding commercial cultivation of high value crops to meet the rising diversified food demand, this market is considered to be one of the most important segments of agri-inputs. Agrochemicals includes specialty chemical products such as hormones, synthetic fertilizers, pesticides and chemical growth agents that are used in agriculture, floriculture as well as horticulture. The increasing research and development in the sector of bio-pesticides in order to compete with integrated pest management and organic farming is one of the most recent inclination in global agrochemicals market. Increasing pest concerns and emergence of a variety of agrochemicals are expected to drive the demand for agrochemicals in the near future.
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The agrochemicals market is also driven by factors including shifting Research development investments as well as rigorous research & sharing of intellectual property rights. The increase in crop production tending to the optimal use of scarce resources covering land, water, and fertilizers is gaining attention in the field of agriculture due to the introduction of new technologies. Development of safe alternatives such as bio-farming and organic pesticides is hindering the growth of the agrochemicals market.
The high growth potential in emerging markets and untapped regions is anticipated to provide growth opportunities for major players in the market. The global agrochemicals market is boosted by the increasing number of population leading to the increase in the demand for food .Whereas, the benefits of agrochemicals are estimable and people are becoming aware of them. Tthe toxicity of synthetic products acts as a major challenge for the industry.
The global agrochemicals market is classified on the basis of geography and type. On the basis of type, agrochemicals are segmented covering pesticides and fertilizers. Fertilizers can be further bifurcated into biofertilizers and synthetic. Synthetic fertilizers can be further segmented into phosphatic, nitrogenous and potassic fertilizers. On the basis of pesticides, they are divided into fungicides, insecticides and herbicides including synthetic and bio-based.
China is the largest producer as well as the largest consumer of fertilizers globally. Brazil is the world’s leading country in the consumption of pesticides. Africa is also proving as a good potential in the agrochemicals market. Presently, China is leading the agrochemical market tending to its development in agricultural sector following the need for its ever-growing population. The largest agrochemicals market includes Japan, China, France, Germany, India and US.
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The key vendors in this market are: :- Syngenta AG (Switzerland), The Mosaic Co. (U.S.), and Yara International ASA (Norway), Agrium Inc. (Canada), Bayer AG (Germany), BASF SE (Germany), Dow AgroSciences LLC (U.S.), E. I. du Pont Nemours and Company (U.S.), Monsanto Company (U.S.), Sumitomo Chemical Co. (Japan)
The study for Global Agrochemicals Market will provide market size, estimates and forecast based on the following years:
Historic data: 2015 Base Year Estimate: 2016 Forecast: 2018 to 2025
The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales.
Our analyst implement several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings.
The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.
1.1. Market Definition
1.2. Market Scope
2. Research Methodology
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions
3. Market Overview
3.1. Research Report Segmentation & Scope
3.2. Key Market Trend Analysis
3.2.1. Market Drivers
3.2.2. Market Restraint/Challenges
3.2.3. Market Opportunities
3.3. Porter’s Five Forces Analysis
3.4. Potential Venture Avenues
3.5. Market Share Analysis, 2016
4. Type Overview
4.2. Market Size & Forecast, 2015 to 2025
4.3. Synthetic Fertilizers
126.96.36.199. Calcium Ammonium Nitrate
188.8.131.52. Other Nitrogenous Fertilizers
184.108.40.206. Di-Ammonium Phosphate (DAP)
220.127.116.11. Mono-Ammonium Phosphate (MAP)
18.104.22.168. Triple Superphosphate (TSP)
22.214.171.124. Other Phosphatic Fertilizers
126.96.36.199. Potassium Chloride
188.8.131.52. Potassium Sulfate
184.108.40.206. Potassium Magnesium Sulfate
5.1.1. Synthetic Herbicides
5.2.1. Synthetic Insecticides
220.127.116.11. Methyl Carbamates
5.3.1. Synthetic Fungicides
(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)
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