Agrochemicals Market is expected to reach a global market size of $260.703 billion by the end of 2021, with a compound annual growth rate of 3.93% over the forecast period. With the rising demand for pesticides in the market, an increase in popularity of genetically modified crops and the pressure on farmers to reduce the cost of crop cultivation by using highly efficient agriculture products such as water soluble fertilizers and control release fertilizers, Agrochemical markets is bound to witness high growth. Agrochemicals are majorly used in agriculture, horticulture, and floriculture including a broad range of hormones, pesticides, synthetic fertilizers and chemical growth agents. Major benefits of Agrochemicals include modifying the need of the crop to suit the changing weather patterns and increasing crop productions by optimal use of scarce resources. Changing nature of Agrochemical market can be attributed to the entry of large multinational firms with mergers and acquisition strategies. Agrochemicals have played a major role in catering demands at both, the producer, by increasing per hectare production.
This report provides a comprehensive analysis of the Agrochemicals market. The market size and forecast of the global, regional and various segments has been provided in US$ billion.
Under market dynamics section, different drivers, restraints, current trends and opportunities which exist in the market have been discussed with a detailed analysis regarding the same. Market analysis has been provided with the help of Porter’s Five Forces model. The other major sub-sections under this section are supplier outlook, industry outlook, industry lifecycle analysis, and value chain.
Scenario analysis has also been provided considering the different factors affecting the Agrochemicals market. Under this section, different scenarios like industry regulations and economic factors have been considered to provide market trends over the forecast period.
The report also provides 360? view of the Agrochemicals market, by explaining various market segmentations such as type (Fertilizers and Pesticides), crop type (Oilseeds, Cereals, Fruits and Vegetables). The opportunities which exist in different regions has also been covered by the wide-ranging market segmentation and forecast for Americas, Europe Middle East and Africa and Asia Pacific regions.
Competition analysis section lists vendor market share, recent investments by some of the major players, deals and strategies adopted by them to increase their visibility in the market.