Agrochemical Market Share 2018-2023: Key Findings, Regional Analysis, Top Key Players Updates, Future Prospects and Industry Research Report
Apr 18, 2018
Global Agrochemical Market Research Report by Type [Fertilizers (Potassic, Nitrogenous, Phosphatic), Pesticides (Fungicides, Insecticides, Herbicides and Bio-Pesticides)], Crop Type (Food Grains, Cash Crops, Horticulture Crops) and Region - Forecast till 2023
pune, India - April 18, 2018 /MarketersMedia/ —
Market Overview:
Global agrochemicals market has witnessed an impressive growth over the last few years.
In addition to the increasing population resulting in growing demand for food, there are efforts to reinforce crop production, increase soil potency, bring potency in land use, and high-quality yield are anticipated to drive the agrochemical market at an exponential growth rate. Increasing awareness regarding the agrochemicals because of government policies and rules towards the expansion of agrochemicals has raised the bar for quality, which, in turn, will upsurge the market growth of agrochemicals globally.
The key manufacturers are capitalizing to the new opportunities by intensifying their product lines or offerings which is expected to stimulate the agrochemicals market in the upcoming decade. All the factors have created a massive opportunity for the manufacturers of agrochemicals. Industry players are launching their products in the unexplored countries to extend the customer base.
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Latest Industry Updates:
October 2017 BASF SE has acquired shares of Bayer to strengthen their customers base in agrochemicals products
April 2017 Earth Alive Clean Technologies Inc. has launched cannabis bio-fertilizer under the brand name of Dr. Marijane
March 2017 SUL4R-PLUS, LLC has introduced their new products of fertilizers
Competitive Analysis:
Agrochemicals market offers lucrative opportunity for the major manufacturers of agrochemical products. However, the global agrochemical market is fragmented owing to the presence of small & regional players in the developing & under developing economies. The major players are acquiring small & regional players to enhance the volume sales. Also, the manufacturers are collaborating with distributors to increase the customer base. Manufacturers are investing millions of dollars for new product development. Strategic product development is one of the recent trends which is gaining traction in the global agrochemicals market during the forecast period. Manufacturers are launching new products with added value of the competitors’ products. Government certification also considered to be the significant factors for the rising growth of global agrochemicals market during the forecast period.
The key players profiled in agrochemicals report are The Mosaic Company (the U.S.), The Dow Chemical Company (the U.S.), Bayer CropScience Limited (Germany), BASF SE (Germany), Syngenta AG (Switzerland), Monsanto Company (the U.S.), Adama Agricultural Solutions Ltd (Israel), Arysta LifeScience Corporation (Japan), Nufarm Limited (Australia), and Crystal Crop Protection Pvt. Ltd. (India) among many others.
Market Segments:
Global agrochemicals market has been divided into type, crop type, and Region
On the Basis of Type: Fertilizers (Potassic, Nitrogenous, Phosphatic), Pesticides (Fungicides, Insecticides, Herbicides, Bio-Pesticides), Plant growth regulators, and Others
On the Basis of Crop Type: Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others
On the Basis of Region: North America, Europe, Asia Pacific, and Rest of the World
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Regional Analysis:
The global agrochemicals market is segmented by region which comprises of North America, Europe, Asia Pacific and Rest of the World. Among all the regions, Asia Pacific is accounting for significant market share in global agrochemicals market and it is expected to retain its dominance throughout the forecast period of 2017-2023. The growth of the agrochemicals in Asia Pacific region is anticipated to be driven by the various factors. Increasing high food demand is the major factors for the rising growth of agrochemicals market in the Asia Pacific region. Also, increasing massive population is creating a huge food demand which in turn accelerates the demand of agrochemicals products during the forecast period of 2017-2023. Among the Asia Pacific countries, China & India are the major consumers of agrochemicals products over the last few years. However, Latin America is expected to witness highest growth during the forecast period of 2017-2023. The growth of the agrochemicals market in Latin America is attributed to the increasing dependency in agriculture among the Latin American countries and increasing awareness of bio- fertilizers. Among the Latin American countries, Brazil & Argentina are holding major market proportion in the year of 2017 and the trend is expected to continue throughout the forecast period.
Contact Info:
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Organization: market research future
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Source: MarketersMedia
Release ID: 333107
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