Agrochemicals Market is at the cusp of crossing USD 277.02 billion in 2022Posted by rohan on November 20th, 2017 According to the report Agrochemicals Market, published by Market Data Forecast, the Global market is projected to reach USD 277.02 billion by 2022, at a CAGR of 3.4% from 2017 to 2022. Rising urbanization has resulted in decreasing land for agriculture. So these days greater emphasis is laid on increasing land productivity and so innovative tools to bring that about are cropping up at a rapid pace in the market. This is also happening in agrochemicals market. Specialty chemical products like pesticides, fertilizers (synthetic), adjuvants and plant growth regulators are blended together to produce agrochemicals. Agrochemicals Market: Drivers & Restraints Growing use of fertilizers due to increase awareness in several developing countries, useful applications of agrochemicals and their wide ranging usage, and steadily reducing the area under acreage are the primary factors driving the growth of this market. Augmenting global population resulting in higher crop yield from lower acreage areas is the secondary factor driving market growth. However, organic pesticides and bio-farming which are both safer and eco-friendly alternatives along with volatility in the world economy is the primary restraint of this market. Several health hazards associated with the continuous usage of these agrochemicals is another factor hampering market growth. Get accurate market forecast and analysis on the Agrochemicals Market. Request a sample to stay up-to-date on the main trends affecting this market: http://www.marketdataforecast.com/market-reports/global-agrochemicals-market-972/request-sample Agrochemicals Market: Segmentation By Type
o Nitrogenous o Phosphate o Potassic Based Fertilizers
o Organophosphates o Prethroids o Biopesticides o Others
o Auxins o Cytokinins o Others
o Activator Adjuvants o Utility Adjuvants By Application
o Oil seeds o Fruits & Vegetables o Grains & Cereals
o Turf & Ornamental Grass o Others By Geography
o United States o Canada
o U.K o Spain o Germany o Italy o France
o China o India o Japan o Australia o South Korea
o Brazil o Argentina o Mexico o Rest of Latin America
o Middle-East o Africa Agrochemicals Market: Overview In 2016, by type in the fertilizers market category nitrogenous fertilizers is the market leader and is expected to retain its lead in the aforementioned forecast period. However, pesticides are predicted to grow with the highest CAGR due to rapidly rising demand in the aforementioned forecast period. Herbicides products are the segment leaders. In 2015, if we go by application, grains & cereals lead the global market and are predicted to retain their lead at the end of the forecast period. Asia Pacific is currently the global market leader and is predicted to retain its lead in the aforementioned forecast period. North America is the second largest market by consumption closely followed by Europe. Regulatory restrictions and maturing markets are slowing down the growth in these regions. Growth in South American countries is predicted to pick up in the next few years. Agrochemicals Market: Key Players Bayer Crop science., Dow-DuPont, Syngenta AG, BASF SE, Agrium Inc., Monsanto Company are the key players in the market. Other players in the market include Israel Chemicals Ltd., Yara International ASA, Mosaic Company and Sociedad Química Y Minera S.A. About Market Data Forecast: Like it? Share it! More by this author |