Global Fertilizers & Agricultural Chemicals Manufacturing
In 2012 and 2013, fertilizer and agrochemical demand increased in both traditional and emerging markets, where food pressures have led to calls for higher agricultural productivity and crop yields. Over the second half of the five-year period, weak demand from agricultural markets and decreasing crop prices negatively affected demand for the industry's products, as fertilizer prices fell substantially. Consequently, industry revenue is expected to decline slightly over the five years to 2017. Overall revenue trends have been influenced by many factors, including changing climate, fluctuations in key agricultural commodities and a trend toward greener practices. Over the next five years, the industry's performance will hinge on demand growth from the United States, an expected increase in demand from emerging economies in Asia and the Americas and new industry operations in Asia, Africa and the Middle East. Furthermore, farmers will increasingly demand industry products as agricultural production and crop prices rebound. However, continued volatility in energy prices could have a negative effect on industry operators. Within the pesticide segment, variables like the flow-on effects of biotechnology developments and the growing sizes of the areas dedicated to genetically modified crops are expected to increase industry demand. Over the five years to 2022, industry revenue is anticipated to grow.
This industry formulates and prepares fertilizer products, pesticides (e.g. herbicides, insecticides and fungicides) and other agricultural chemicals (e.g. insect repellents, sheep dips, fly sprays and flea powders). Key markets serviced include the agricultural sector, households and various commercial and industrial users.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.