The Global Agrochemicals market is accounted for $222.36 billion in 2017 and is expected to reach $336.36 billion by 2026 growing at a CAGR of 4.7% during the forecast period
LONDON, August 30, 2018 /PRNewswire/ -- According to Stratistics MRC, the Global Agrochemicals market is accounted for $222.36 billion in 2017 and is expected to reach $336.36 billion by 2026 growing at a CAGR of 4.7% during the forecast period. Quick growth in greenhouse vegetable production, growth in arable crop and yield and ease in using agrochemicals are some of the factors leading the market growth. However, factors such as increase in ecological concerns and availability of eco-friendly alternatives are hindering the market growth. One of the major opportunities in the market is high growth potential in rising markets and untapped regions.
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On the basis of Type, pesticides segment are used to control pests and other harmful insects. They can be grouped into chemical families which include organ chlorines, organophosphates and carbamates. Their usage can be seen in grocery stores and food storage to minimize rodents and insects that infest food such as grain. Apart from these, they help in killing invasive weeds that may cause damage to the environment. Overall, it decreases the associated risks to a level deemed acceptable by pesticide regulatory agencies.
By geography, Asia pacific region is more into agrochemicals industry and is expected to be bench topper in contrast to all the regions due to increasing food supply in these highly economic countries and also raising the demand for agrochemicals to increase the crop yield.
Some of the key players in Agrochemicals market are BASF SE, Bayer Cropscience AG, The DOW Chemicals Company, Yara International ASA, Syngenta AG, Sociedad Química Y Minera S.A., Monsanto Company, Israel Chemicals Limited, Intrepid Potash, Inc., Haifa Group, E. I. Du Pont De Nemours and Company, Bunge Limited, The Mosaic Company, Agrium Inc., Valent Biosciences, Huntsman Corporation, Akzonobel, Nufarm, Potash Corporation of Saskatchewan, Inc. and Indian Farmers Fertilizer Cooperative Limited.
Applications Covered:
• Crop-Based
• Animal husbandry
• Forestry operations
• Non-Crop-Based
Types Covered:
• Pesticides
• Adjuvants
• Fertilizer
• Plant Growth Regulators
Regions Covered:
• North América
• US
• Canada
• Mexico
• Europe
• Germany
• UK
• Italy
• France
• Spain
• Rest of Europe
• Asia Pacific
• Japan
• China
• India
• Austrália
• New Zealand
• South Korea
• Rest of Asia Pacific
• South América
• Argentina
• Brazil
• Chile
• Rest of South America
• Middle East & África
• Saudi Arabia
• UAE
• Qatar
• South África
• Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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