The report forecasts the global azoxystrobin market to grow at a CAGR of 6.12% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: A trend influencing market growth is the growing adoption of soil fertility management practices. These practices have gained prominence primarily because the loss of arable land and an increase in the demand for food, which mandates crop yield efficiency. Soil fertility management involves practices such as conservation tillage, crop rotation, and the optimal use of fungicides and fertilizers. Soil management practices help improve the quality and quantity of the produce. Soybean, maize, barley, and sugarcane crops account for the major crops where soil fertility management practices are being adopted.
According to the report, a key growth driver is the increased demand for food grain. Providing the growing population with a sustainable, secure supply of safe, nutritious, and affordable high-quality food using less land, with lower inputs has become a prime concern globally. The consumption of food has increased gradually, and the per capita consumption was 332 kilograms per person per year in 2015; it is expected to reach 344 kilograms by the end of 2030. The global food grain production in 2015 was approximately 2.8 billion metric tons in comparison to 2.5 billion metric tons in 2014. This estimate includes overall consumption of food grains by humans, livestock, and producers of biofuels.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?