DUBLIN, Oct. 20, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/f268hg/agrochemicals) has announced the addition of the "Agrochemicals Market in Brazil 2015-2019" report to their offering.
The agrochemicals market in Brazil to grow at a CAGR of 4.71% over the period 2014-2019.
The report, Agrochemicals Market in Brazil 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It focuses on Brazil; it also covers the landscape of the agrochemicals market in Brazil and its growth prospects in the coming years. The report includes a discussion on the key vendors operating in this market.
Agriculture accounted for 5.6% of the GDP of Brazil. Brazil is currently one of the leading manufacturers and exporters of fibers, food, energy, and meat. It is also one of the largest producers of soybeans, corn, coffee, sugarcane, oil plants, grapes, oranges, beef, poultry, meat, and pork. The population of Brazil is likely to rise by 30% over the next three decades. However, the booming agriculture in the country is expected to fulfil the demand for food. The equatorial climate of Brazil is favorable for insects, weeds, and fungi, which leads to demand for agrochemicals. In 2012, Brazil surpassed the US as the largest buyer of pesticides.
Rising awareness about pesticides residues in food has led to an increase in the adoption of organic food. Many initiatives have been taken worldwide to reduce the carbon content emitted by synthetic pesticides. Organic farming has grown into a multi-billion dollar industry in recent years, creating opportunities in the agricultural industry in Brazil and providing a base for more sustainable farming.
According to the report, the growing global population is leading to high demand for food. Disposable incomes in developing countries such as China and India are also rising, resulting in an increase in per capita consumption of agricultural products. Consumers in these countries are expanding their diets in the form of increased demand for grain-intensive animal protein and dairy products. This, in turn, will propel the demand for fertilizers.
Further, the report states that we anticipate patents expiry for pesticides to affect the market's growth.
To calculate the market size, the report considers the revenue generated from the sale of following products:
- Nitrogenous fertilizers
- Phosphorus fertilizers
- Potassium fertilizers
- Bayer CropScience
Other prominent vendors
- Adubos Sudoeste
- Dow AgroSciences
- Koch Industries
- Valent BioSciences
For more information visit http://www.researchandmarkets.com/research/f268hg/agrochemicals
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SOURCE Research and Markets