The global agrochemicals market is witnessing growth on account of increasing demand of grains for both edible and industrial applications. (image: forest fertilizer by Wikimedia Commons)
DUBLIN, IRELAND, Jul 1, 2014 (Korea Bizwire) – Research and Markets (http://goo.gl/2QMVj8) has announced the addition of the “Agrochemicals Market by Type, Fertilizer Type, Pesticide Type, & Sub-types – Global Market Trends & Forecast to 2018″ report to their offering.
The global agrochemicals market in terms of revenue was estimated to be worth $195,829.9 million in 2012 and is expected to reach $242,757.8 million by 2018, growing at a CAGR of 3.6% from 2013 to 2018.
The global agrochemicals market is witnessing growth on account of increasing demand of grains for both edible and industrial applications. On the basis of use, agrochemicals are of two types: fertilizers and pesticides. Both of these can be used for agricultural and non-agricultural applications such as lawns and ornamental use. The mode of action of both types differs from each other. The former provides nutrient to the plants by being absorbed by the plant roots.
The use of fertilizers is essential to improve nutrient profile of the soil and increase per hectare production. On the other hand, pesticides control the growth of unwanted plants and diseases such as weeds, fungus, bacteria, insects, etc. It is used to protect the crops (whether standing or stored) from harmful pests. Thus, the use of both fertilizers and pesticides is very important to support the growing demand of crops.
Asia-Pacific and Latin America dominate the global agrochemicals market demand in 2012. Asia-Pacific is expected to remain the largest market in the near future owing to the increasing demand for food crops from its key countries-China and India.
Asia-Pacific dominates the global agrochemicals market, accounting for major share in overall consumption in 2012. Latin and North America remained second and third largest markets for agrochemicals. The nutrient demand for corn is highest among crops such as wheat, cotton, sugarcane, etc. Hence, its production in North America (for bio-ethanol production also) is expected to increase the demand of agrochemicals in the region.
Tight environment regulations in Europe are making it difficult for the manufacturers to launch products that comply with the existing regulations. The use of agrochemicals in the region is mainly used for food application. As for other use such as bio-polymers and bio-fuel, high construction and un-favorable economic condition is creating complex situation for the manufacturers.
This report estimates the agrochemicals market for the current year i.e. 2013 and forecasts the same by 2018. It covers the market by two aspects: By type and By Geography. In types, the market has been segmented up to three levels. The first level estimates the market in terms of Fertilizers and Pesticides market volume and value. The second level segments fertilizers market to Nitrogenous, Phosphatic and Potassic types, while the pesticides market to Organophosphates, Pyrethroids, Neonicotinoides, Biopesticides and Others. The third level segmentation of the above provides a micro-level analysis of the agrochemicals market.
Under geographies, the report estimates the demand of agrochemicals at each and every level for North America, Latin America, Asia-Pacific, Europe and Rest of the World (ROW) regions for current as well as forecasted period.
Companies Mentioned in this report include:
- Agrium Inc.
- Basf S.E.
- Bayer A.G.
- Dow Agrosciences Llc.
- E.I. Du Pont De Nemours & Company
- Indian Farmers Fertiliser Cooperative
- Israel Chemicals Ltd.
- K+S Ag
- Makhteshim Agan Industries Ltd.
- Monsanto Company
- Mosaic Company
- Nufarm Ltd.
- Potash Corp. Sas. Inc.
- Sociedad Quimica Y Minera De Chile Sa
- Sumitomo Chemical
- Syngenta Ag.
- Uralkali
- Yara International Asa
Key Topics Covered:
1 Introduction
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Fertilizers Market
6 Pesticides Market
7 Geographic Analysis
8 Competitive Landscape
9 Company Profiles
For more information visit http://www.researchandmarkets.com/research/x8vtg3/agrochemicals.
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Sector: Agrochemicals and Fertilisers
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Source: Research and Markets (via Market Wired)
