Agrochemicals Market Well-Equipped to Improve Crop
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Hyderabad, March 07, 2017 (GLOBE NEWSWIRE) --
The report “Agrochemicals Market By Type (Pesticides, Fertilizers, Liming and Acidifying Agents, Soil Conditioners and Others.); By Application (Agriculture, Forestry operations, Animal husbandry, Gardens and Others) and By Geography - Forecast (2017-2022)” published by IndustryARC, estimates that the market will register strong growth till 2022.
Browse 19 Market Tables, 51 Figures spread through 145 Pages and an in-depth TOC on " Agrochemicals Market " http://industryarc.com/Report/11734/agrochemi...lysis.html
Agriculture is an important part of the socio-economic fabric of any emerging economy. The agriculture sector has remained the backbone of all the developing economies and accounts for a significant percentage of any country’s GDP. Being a source of livelihood and food security of the nation, higher growth in agriculture assumes great importance and is matter of concern. Thus to accelerate high growth and ensure sustainability, combined effort in terms of technology, policies and institutional support has to be adopted. Since the early 1990’s there has been a considerable growth in the consumer demand for better food, providing market incentives for farmers across a broad range of products.
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The growth of the Global Agrochemicals market is majorly driven by factors such as growing awareness towards the use of fertilizers and pesticides in key crop producing countries, wide range of pest control applications of Agrochemicals, and decreasing arable land. Another major factor driving the market is the globally increasing population, which leads to the need for increase in crop yield. However, safer alternatives such as bio-farming and organic pesticides, volatile economies, and various environmental and health hazards linked with agrochemicals are the major restraining factors for the market.
Nitrogenous fertilizers lead the global agrochemicals market on the basis of type. However, the demand for pesticides is increasing at a high rate, given the growing frequency of numerous pests and diseases. Currently, the Pesticides market is being spearheaded by herbicides products, trailed by fungicides and insecticides. By application, grains & cereals lead the global market for Agrochemicals and this trend is anticipated to remain during the forecast period.
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The number of manufacturers across the world for fertilizers market has increased manifold. These manufacturers are actively investing in scaling up their position in the market and are able to attract profitable deals. Some of the major players manufacturing fertilizers are PotashCorp, Mosaic, Uralkali, Belaruskali, Yara International, OCP S.A., CF Industries, Israel Chemicals, Agrium Inc., K+S AG and many others. Major firms spent huge amounts of money in the development of efficient technologies and at the same time, new firms are coming up with cutting-edge technological innovations, resulting in tremendous increase in the degree of competition. Consequently, product launches, mergers and acquisitions and partnerships by companies, universities as well as individual researches has been frequenting the fertilizers market headlines.
The Prominent Players in Agrochemicals Market Include;
- Syngenta AG
- Bayer CropScience AG
- BASF SE
- Dow Agrosciences LLC
- Monsanto Co.
- E.I. Du Pont De Nemours & Company
With various product launches, mergers, acquisitions, collaborations and other strategies, these companies are obtaining market shares in the industry.
Why buy this report?
- Get a detailed picture of the agrochemicals market.
- Pinpoint growth sectors and identify factors driving change.
- Understand the competitive environment, the market's major players and leading brands.
- A five-year forecast method is used in order to assess how the market is predicted to develop.
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Animal Feed Testing Market: By Type (Pet Food, Forages, Equine Feed, Poultry Feed, Premixe, Medicated Feed) Testing Type (Proximate Analysis, Pathogen Testing, Drugs, Antibiotics, Pesticides, Fertilizers, Metals, Minerals, Others)-Forecast 2017-2022 http://industryarc.com/Report/37/global-anima...arket.html
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