DUBLIN, Oct. 12, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/txbhb7/agrochemicals) has announced the addition of the "Agrochemicals Market by Type, Fertilizer Type, Pesticide Type, Sub-types & Crop Type - Global Trends & Forecast to 2020" report to their offering.
The global market for agrochemicals was valued at USD 207.5 Billion in 2014. It is projected to reach USD 250.5 Billion by 2020, at a CAGR of 3.2% from 2015 to 2020.
The global agrochemicals industry is witnessing new opportunities in terms of development and technological innovations combined with modern agricultural practices. Agrochemicals are useful to control the amount of nutrients that should be made available to the plants according to their needs. The ease in application mode and reduced labor cost has made these agrochemicals more convenient for the farmers to use.
The global agrochemicals industry has transformed dramatically over the past century as farmers across the world started purchasing agrochemicals to grow crops for gaining more agricultural output and the change is also attributable to the entry of large enterprises into the business of commercial agrochemicals production and marketing. The market of agrochemicals is projected to grow significantly from 2015 to 2020 in almost all parts of the world, especially in Asia-Pacific and North American countries. Significant increase in demand for quality food, adoption of technology driven farming practices and shrinking availability of arable land are the major driving factors for agrochemicals market, globally. On the other hand, the growth in micro-irrigation and mechanized irrigation system market are also contributing to the market growth.
Agrochemicals is the most predominantly consumed nutrient among all the macro and micro elements required for plant growth. Fertilizers and pesticides are widely available agrochemicals sources. Various combinations of nutrients are made and used to provide nutrition to plants.
The market was dominated by Asia-Pacific, which accounted largest of the total share, in 2014.
The enormous benefits of agrochemicals are projected to drive the market globally. Its increasing end-use applications and developing awareness level regarding agrochemicals are major global driving factors.
The global agrochemicals market is marked with an intense competition due to the presence of a large number of both, big and small firms. New product launches, mergers & acquisitions, and partnerships and expansions are the key strategies adopted by market players to ensure their growth in the market. The market is dominated by players such as Israel Chemicals Ltd. (Israel), Yara International ASA (Norway), The Mosaic Co. (U.S.), BASF SE (Germany), and Dow Chemicals Limited (U.S.).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Agrochemicals Market, By Type
8 Agrochemicals Market, By Crop Type
9 Agrochemicals Market, By Region
10 Regulations & List of Banned Pesticides
11 Competitive Landscape
12 Company Profiles
- BASF SE - Bayer Cropscience AG - E. I. Du Pont De Nemours and Company - Israel Chemicals Limited - Monsanto Company - Sociedad Química Y Minera S.A. - Syngenta AG - The DOW Chemicals Company - The Mosaic Company - Yara International ASA
For more information visit http://www.researchandmarkets.com/research/txbhb7/agrochemicals
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets