Description:-
Agriculture is the discipline of cultivation and rearing livestock. Chemicals that are used in agriculture practice are called agrochemicals. Insecticides, pesticides, fungicides, herbicides, and nematicides falls under agrochemicals. The nature of these chemicals can be synthetic or natural. Agrochemicals are also inclusive of growth agents and animal manure. There are several forces that are impacting the global market of agrochemical. The report offers details of every key dynamics of the market. Few major market drivers and constraints are discussed here. The increase in world population density is growing pressure of farmer to surge their productivity. Agrochemicals that has advanced formula is contributing effectively to the rising crisis. Application of agrochemicals is cutting-down price sales price, as the price for production is reduced. Agrochemicals are gaining popularity among farmers, across the globe, as awareness of their benefits spreads. The global agrochemical market is expected to capitalize on these aforementioned factors. The adverse effects of synthetic agrochemicals can interfere its market expansion.
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Industry Update
September 2019
Dong Qingli, the University of Shanghai for Science and Technology in Shanghai, with China CCPIT (Council for the Promotion of International Trade) acclaimed the availability of environmental-friendly agrochemicals in Kenya market
Segmental Outline
The global market of agrochemicals has been studied in segments. Type of fertilizer and type of products are major classifications of the market. By type of fertilizers, potassic, nitrogenous, phosphatic, pesticides, fungicides, insecticides, herbicides, bio-pesticides, and others are segments of the market. The nitrogenous fertilizers are used extensively, most plants are not capable of directly absorbing nitrogen, which is a crucial element for plant growth. The nitrogenous fertilizer segment is likely to direct the market growth. By type of crop, food grains, cash crops, horticulture crops, plantation crops are segments of the market. Use of agrochemicals for cultivation of every type of plants is expected to surge the market.
Detailed Regional Analysis
Asia-Pacific (China, Japan, Korea, India and Southeast Asia), North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), and the Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) are region where the market has been studied. The Asia Pacific is expected to lead in the global market. The extensive agricultural practice that is happening in the region, due to the rising world population and growing urbanization, is likely to benefit the market. In Europe, growing research and developmental undertakings for rolling out innovations that have better efficacy is likely to escalate the regional market. The market in the Middle East Asia and Africa is likely to surge due to increase in agriculture activities. The North America agrochemical market is expected to experience steady growth.
Market Key Players
The Mosaic Company (the U.S.), Bayer CropScience Limited (Germany), The Dow Chemical Company (the U.S.), BASF SE (Germany), Monsanto Company (the U.S.), Syngenta AG (Switzerland), Adama Agricultural Solutions Ltd (Israel), Nufarm Limited (Australia), Arysta LifeScience Corporation (Japan), and Crystal Crop Protection Pvt. Ltd. (India) are reputed companies of the agrochemical market.
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