Agrochemicals - a $260 billion opportunity by 2021

Knowledge Sourcing Intelligence announces the publication of a new report on “Agrochemicals Market – Forecasts from 2016 to 2021” to their offering. 

Agrochemicals are substances that help to enhance the crop output to utilize them as food and fiber. They may also consist of synthetic fertilizers, raw animal manure, and other chemical agents. Thorough utilization, ideal doses, precise method and correct time of application of agrochemicals leads to augmented crop production. This report provides forecast and analysis of Agrochemicals Market which is expected to reach a global market size of $260.703 billion by the end of 2021, at a compound annual growth rate of 3.93% over the forecast period. Global population is increasing at an alarming rate. Feeding a seven billion plus population requires increasing the crop output even though arable land keeps on shrinking due to rapid urbanization. This has led to higher demand for pesticides and increasing pressure on farmers to reduce the cost of crop cultivation, and in turn purring up the demand for agrochemicals. 

High R&D costs to develop agrochemical molecule and application of genetically modified seeds which have self-immunity towards natural adversaries’ restraints the growth of this market. Moreover, lack of availability of these agrochemicals through retailers and distributors is a challenge. Development of safe alternatives such as bio-farming and organic pesticides is also limiting the market growth.

Some of the major players of covered as part of the report are BASF, The Dow Chemical Company, Yara International, Monsanto, The Mosaic Company, Syngenta, Bayer CropScience, Israel Chemicals Limited, Agrium Inc., Sumitomo Chemicals among others.

The report segments the Agrochemicals market into type, crop types, and geography as follows:

• By Type 
o Fertilizers
 Nitrogenous Fertilizers
 Phosphatic Fertilizers
 Potassic Fertilizers
o Pesticides
 Organophosphates
 Pyrethroids
 Biopesticides
 Neonicotinoids
 Others
• By Crop Type
o Oilseeds
o Cereals
o Fruits and Vegetables
o Other
• By Geography
o Americas
 US
 Canada
 Brazil
 Mexico
 Others
o Europe Middle East and Africa
 United Kingdom
 Germany
 France
 Others
o Asia Pacific
 Japan
 China
 India
 Russia
 Australia
 Others

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Knowledge Sourcing Intelligence is a market research and consulting firm based out of India. Driven by industry experts, the company provides syndicated reports, custom research, and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data, assists in generating quality reports providing crucial insights to managers and decision makers. The services offered by us helps companies to gain required competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Healthcare among others caters to diverse client needs.

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