Agrochemicals Market Size, Growth, Trends, Development Status, Revenue, 2023
Global Agrochemical Market Research Report By Type [Fertilizers (Potassic, Nitrogenous, Phosphatic), Pesticides (Fungicides, Insecticides, Herbicides, Bio-Pesticides), Crop Type (Food Grains, Cash Crops, Horticulture Crops) Region Forecast Till 2023
Agrochemicals Market Overview:
Agrochemicals is an important agricultural support industry and boosts agriculture, while preventing, reducing and eliminating the impact of disasters to increase food output and safety. Agrochemical consists of herbicides, insecticides, bactericides, and plant growth regulators. The importance of agrochemicals is majorly for enhancing food and nutrition security for the population. Moreover, low per hectare yield as compared to the global average and increasing pest attacks further strengthen the need for crop protection via use of agrochemicals.
Some of the prominent factors that positively influence the growth of agrochemicals market are increasing demand for agrochemicals, alarming availability of cultivable land, and increasing research & development. Increasing urbanization along with rising per capita disposable income in the developed and emerging economies are predicted to focus on the cash crops market over the forecast period, 2018 to 2023.
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Rising need for the agriculture sector to undergo technological transformation and adopt modern methods which reduce the dependency on rains and ensure more productive use of the available resources is driving the agrochemicals market growth. Insecticides are the largest sub-segment of agrochemicals with highest market share and followed by herbicides market share are the fastest growing segment in the global agrochemicals market. However, growing environmental concern regarding the toxic effect of chemicals used in agrochemicals along with the implementation of strict regulations are predicted to hinder the market growth over the assessment period, 2018 to 2023.
Agrochemicals Market Key Players:
Some of the prominent players operating in the global agrochemicals market are The Mosaic Company (the U.S.), Bayer CropScience 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 LifeScience Corporation (Japan) and Crystal Crop Protection Pvt. Ltd. (India) among others.
Agrochemicals Market Regional Analysis:
Asia Pacific is estimated to be the largest agrochemicals market followed by North America and Europe due to the presence of highest cultivable land and population. In Europe, Germany, Russia, and Spain are predicted to register a strong growth on account of tremendous demand for agrochemicals owing to presence of less cultivable land. In Asia Pacific, countries such as China, India, and South Korea are the fastest growing market for agrochemicals and is estimated to grow with the same pace over the forecast period. Improving living standards along with the flourishing agriculture sector is predicted to contribute to the regional market growth. In North America, U.S. and Mexico are among the major contributors in the regional market growth due to the cash crops cultivation as well as increasing innovations. In Latin America, Mexico is expected to register strong growth due to robust presence of agrochemicals manufacturers.
Agrochemicals Market Segmental Analysis
The market has been covered across major regions of the world, including North America, Latin America, the Middle East & Africa (MEA), Europe, and Asia Pacific (APAC). Asia Pacific has emerged as a prominent market for agrochemicals in recent years. Increased focus on modernizing agricultural process coupled with the urgency to increase agricultural productivity has augured well for agrochemical suppliers in the region. India and China collectively represent more than one-third of the global population. This also indicates towards a noteworthy food demand in these countries.
The agricultural sector in India and china play a major role in driving their economy. APAC is expected to remain an attractive business destination for agrochemical suppliers during the forecast period. Meanwhile, the MEA agrochemical market is witnessing a healthy growth partly owing to the policies introduces by GCC countries to diversify the region’s economy. North America and Europe are the other two important market for agrochemicals. In near future, demand for bio-pesticides is expected to grow further in advanced countries such as the U.S., the U.K., Canada, France, Netherlands and Germany among others.
Agrochemicals Market Table Of Contents:
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 Contents to be Continue…….,
Agrochemicals Market List Of Tables:
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 Tables to be Continue…….,
Agrochemicals Market List Of Figures:
FIGURE 1 Global Agrochemicals Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Agrochemicals Market
FIGURE 4 Value Chain Of Global Agrochemicals Market
FIGURE 5 Share Of Global Agrochemicals Market In 2016, By Country (In %)
Agrochemicals Market List Of Figures to be Continue…….,
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