NEW YORK, Aug. 9, 2016 /PRNewswire/ -- The global agrochemicals market is projected to surpass USD 260 billion by the end of 2021, growing with a CAGR of 3.3% from 2016 to 2021. Agrochemicals are specialty chemical products used particularly in agriculture, horticulture and floriculture. It includes broad range of pesticides, synthetic fertilizers, hormones and other chemical growth agents. Growth in demand for food grains owing to increasing global population coupled with reducing per capita farm land due to surging urbanization and industrialization is one of most dominant driver of global agrochemicals market. The increasing research and development (R&D) in the fields of bio-pesticides in order to compete with organic farming and integrated pest management (IPM) is one of the most recent trends in global agrochemicals market.
The report segments the global agrochemicals market by type, crop type, and region. The types include fertilizers and pesticides. Similarly, the crop types include cereals & grains, oilseeds & pulses, fruits & vegetables, and others.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. Asia Pacific is the largest market for agrochemical followed by North America and Europe whereas the per-hectare consumption of Agrochemicals is North America is highest among all regions.
The companies covered in the report include Agrium Inc., Bayer A.G., E.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., and Sociedad Quimica Y Minera De Chile SA
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of agrochemicals globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and value chain analysis of agrochemicals. Moreover, the study highlights current market trends and provides forecast from 2016 to 2021. We also have highlighted future trends in the agrochemicals market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the agrochemicals market to understand the present and future trends in this market and formulate their strategies accordingly.
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