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
Pune, India - February 14, 2019 /MarketersMedia/ —
Market Analysis
The agrochemical market is growing by leaps and bounds and the credit for this goes to a couple of reasons. Agrochemicals also known as agrichemicals or agricultural chemicals are the different chemical products which are used in agriculture. This term in most cases refers to a wide variety of pesticide chemicals including nematicides chemicals, fungicide chemicals, herbicide chemicals and insecticide chemicals. Not only this, the term agrochemicals also include hormones, synthetic fertilizers and other forms of chemical growth agents and raw animal manure. Agrochemicals play a vital part in intensive farming and modern industrialized methods thereby making it possible for the growth of foods on lands that were previously uncultivable and maximizing the produce of the given soil.
Get Sample Copy of This Report Now @ https://www.marketresearchfuture.com/sample_request/749
Some of the factors that has made the agrochemicals market grow at an exponential pace include rising demand for food because of increasing global population, need for sustainable agriculture, climate change and efficiency and easy availability in agriculture production. Along with the growing population resulting in increasing demand for food, efforts have also been made to improve crop production, bring efficiency in the use of land, increase soil efficiency and superior quality yield which is likely to boost up the agrochemical market. Besides, increased awareness concerning agrochemicals on account of government rules and policies for the growth of agrochemicals raised the quality bar and this in turn increased the global agrochemicals market share. A recent study conducted by Market Research Future (MRFR) reveals that the global agrochemicals market is set to witness a noteworthyCAGR during 2018-2023.
Market Segmentation
Market Research Future report provides a comprehensive segmental analysis of the global agrochemicals market on the basis of type and product type.
Based on type, this market is segmented into pesticides and fertilizers.
Based on fertilizers product type, this market is segmented into phosphatic, nitrogenous and potassic.
Based on pesticides product type, the agrochemicals market is segmented into bio-pesticides, herbicides, insecticides and fungicides. Of these, biopesticides market is likely to see a market growth as it produces minimal or no toxic residue which means little risk on human health.
Based on crop type, the agrochemicals market is segmented into horticulture crops, plantation crops, cash crops and food grains.
Competitive Analysis
Especially for the key industrial players, the agrochemicals market provides promising growth opportunities. It is marked and fragmented by the existence of countless big and small-scale vendors. The agrochemical market’s participants are getting the small players and joining hands with distributors to cater to the global demand. Millions of dollars are being invested by market players for product innovation. The growing demand for agricultural products has automatically increased the demand for agrochemicals in the likes of a prospective crop protectant that is experiencing a rise. Huge investments in the Research and Development sector is adding fuel to the agrochemicals market resting on the launch of quality products that aids the players to promote their product. Also, approvals and certifications from the Government also plays a pivotal part to make their mark on the global level.
Regional Analysis
Asia Pacific leads the market followed by North America and Europe. The major uses of agrochemicals in agricultural applications have made Asia Pacific grab the largest market share. China and India were the biggest agrochemicals markets of the country-level in 2016 in the Asia-Pacific region. The rise in the demand for food in such highly populous countries led to the increasing demand for agrochemicals for increasing the crop yield, resulting in a boost in the agrochemicals market in such countries in its entirety. Latin America is anticipated in being the forerunner with regards to CAGR in the growth for agrochemicals.
Key Players
Leading players in the agrochemicals market include Crystal Protection Pvt Ltd (India), ArystaLifeScience Corporation (Japan), Nufarm Limited (Australia), Adama Agricultural Solutions Ltd (Israel), Syngenta AG (Switzerland), Monsanto Company (US), BASF SE (Germany), The Dow Chemical Company (US), Bayer CropScience Limited (Germany) and the Mosaic Company (US). Mergers and acquisitions have taken the spotlight in the market as prime strategies for large shares. In 2017, ChemChina had acquired DuPont, Dow Chemical and Syngenta merged while Bayer continued the Monsanto acquisition process.
Agrochemicals Market Table of Content to be Continue…….,
Request Brochure of Report @ https://www.marketresearchfuture.com/reports/agrochemical-market-749
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India
Phone: 6468459312
Website: https://www.marketresearchfuture.com/reports/agrochemical-market-749
Source: MarketersMedia
Release ID: 482588
