San Francisco, 26 December 2018: The Report Agrochemicals Market Analysis By Product (Fertilizers, Crop Protection Chemicals, Plant
Growth Regulators), By Application (Cereals & Grains, Oilseeds &
Pulses, Fruits & Vegetables), By Region, And Segment Forecasts, 2018 - 2025
The global agrochemicals market is expected to reach USD 308.92 billion by 2025,
according to a new report by Grand View Research, Inc. The growing demand for
crop protection chemicals, such as fungicides, herbicides, and insecticides, is
expected to be the biggest driver of the agrochemicals industry over the
forecast period.
Shrinking
arable land due to rapid industrialization and population explosion has
resulted in increased use of agrochemicals, such as fertilizers and plant
growth regulators, further triggering the market growth. The growing demand for
crops as animal fodder and fiber in the textile industry has also provided the
necessary boost to the agrochemicals industry.
Fertilizers
dominated the agrochemicals market in 2016. Nitrogenous and phosphate
fertilizers were most widely used due to their easy availability and low
prices. However, the new trend of organic farming, which involves complete
elimination of chemical-based fertilizers, has increased the demand for
biofertilizers.
The
demand for agrochemicals is expected to be the highest in Asia Pacific. The
region is known for its agro-based countries such as India, Sri Lanka, and
China, which are majorly dependent on agriculture and related industries for
economic growth.
Access
Research Report of Agrochemicals Market@ www.grandviewresearch.com/industry-analysis/agrochemicals-market
Further key findings from the report suggest:
· The
global agrochemicals market, in terms of value, was USD 215.18 billion in 2016
and is projected to reach USD 308.92 billion by 2025, growing at a CAGR of 4.1%
from 2017 to 2025
· Fertilizers,
which accounted for 58.8% of the market in 2016, in terms of revenue, are
expected to witness growth on account of increasing pressure on agricultural
land to increase yield in a short time span
· Crop
protection chemicals, in terms of revenue, are expected to grow at a CAGR of
5.5% from 2017 to 2025 due to rising occurrences of pest and rodent attacks
damaging crops
· The
market for agrochemicals in cereals & grains was valued at USD 80.01
billion in 2016. The application segment is expected to grow owing to an
increase in the demand for whole grain products.
· Oilseeds
& pulses, which are considered to have high protein content, are projected
to grow at the highest CAGR of 4.9%, in terms of value, from 2017 to 2025
· The
market in Asia Pacific is expected to witness the highest growth over the
forecast period due to the growing agro-based industries including sugar,
textiles, vegetable oil manufacturing, and animal husbandry
· Bayer
CropScience, Agrium, and Yara International were some of the key manufacturers
in 2016 with distribution facilities spread across all regions
Browse more
reports of this category by Grand View Research at: www.grandviewresearch.com/industry/agrochemicals-and-fertilizers
Grand
View Research has segmented the global agrochemicals market on the basis of
product, application, and region:
Agrochemicals Product Outlook (Volume,
Kilotons; Revenue, USD Billion; 2014 - 2025)
·
Fertilizers
·
Crop
Protection Chemicals
·
Plant
Growth Regulators
·
Others
Agrochemicals Application Outlook (Volume,
Kilotons; Revenue, USD Billion; 2014 - 2025)
·
Cereals
& Grains
·
Oilseeds
& Pulses
·
Fruits
& Vegetables
·
Others
Agrochemicals Regional Outlook (Volume,
Kilotons; Revenue, USD Billion; 2014 - 2025)
·
North
America
·
Europe
·
Asia
Pacific
·
Central
& South America
·
Middle East &
Africa
Access Press Release of Agrochemicals Market@ www.grandviewresearch.com/press-release/global-agrochemicals-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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