Global Agrochemicals Market poised to grow beyond USD 261 billion by 2021
Infinium Global Research has added a new report on Global AgrochemicalsMarket: Trends Analysis and Forecast 2021. The report presents analysis global as well as regional markets of Agrochemicals over the period of 2015 to 2021 Moreover, the IGR-Growth Matrix given in the report provides key focus areas and investment areas the market players can focus on. The market size is presented in terms of value for the historic year 2015 and estimated for forecast period of 2016 to 2021.
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The global agrochemicals market is projected to reach USD 261 billion by the end of 2021, growing at a CAGR between 3.0% and 3.5% from 2016 to 2021. Agrochemicals are specialty chemical products used particularly in agriculture, horticulture and floriculture. It includes broad range of pesticides, synthetic fertilizers, hormones and other chemical growth agents.
Growth in demand for food grains owing to increasing global population coupled with reducing per capita farm land due to surging urbanization and industrialization is one of most dominant driver of global agrochemicals market. The increasing research and development (R&D) in the fields of bio-pesticides in order to compete with organic farming and integrated pest management (IPM) is one of the most recent trends in global agrochemicals market.
Moreover growth of horticulture & floriculture, increasing literacy rate among farmers coupled with the increasing awareness towards use of fertilizers and pesticides in major crop producing countries is further boosting the global agrochemicals market.Asia Pacific dominated agrochemicals market over the past few years and is expected to continue the same trend over the forecast period. Asia pacific countries such as China and India are witness an increase in consumption owing to growing per capita food consumption.
Moreover the report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand globally as well as regionally. Moreover, Infinium Global Research- Growth Matrix (IGR- Growth Matrix) given in the report brings an insight on the investment areas that existing or new market players can consider.
The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of Agrochemicals. Moreover, the study highlights current market trends and provides forecast from 2016 to 2021. We also have highlighted future trends in the Agrochemicals that will impact the demand during the forecast period.
The Infinium Global Research- Growth Matrix (IGR- Growth Matrix) provided in this report highlights key investing markets in the world. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.
The companies covered in the report include Agrium Inc., Bayer A.G., E.I. Du Pont De Nemours & Company, Indian Farmers Fertiliser Cooperative, MakhteshimAgan Industries Ltd, Mosaic Company, Potash Corp. SAS. Inc., Sumitomo Chemical, BASF S.E., Dow Agrosciences LLC., Israel Chemicals Ltd., K+S AG, Monsanto Company, Nufarm Ltd., and SociedadQuimica Y Minera De Chile SA
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