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Global Agrochemicals Market

Global Agrochemicals Market

Agrochemicals Market
The market is estimated to grow at a CAGR of 3.7% during the forecast period of 2017-2022 and is projected to reach a market size of USD 269.7 billion by the year 2022.

Agrochemicals widely involve fertilizers, pesticides, hormones and plant growth regulators (PGR) that enable plant and soil protection, improve the yield, maintain and improve the growth process of plants. Given the large operational area and the never ending need of agrochemical industry, many market players, and companies have entered this industry, which is concentrated within six major manufacturers covering 70-75% of market share; Bayer AG is the largest agrochemical producer in the world. Some of the key players include Yara International ASA, BASF, Bayer Crop Science, Makhteshim Agan Industries Ltd, Dow Agro Sciences, Monsanto, Syngenta, Agrium, etc. The key strategies followed by companies in the agrochemicals market include new product registrations and mergers and acquisitions to enter new markets.

Market Dynamics

In 2016, the total revenue of agrochemicals industry was recorded at USD 220.9 billion. One of the main reasons for the growth in consumption is the increased pressure on dwindling farmlands, as a result of growing population and urbanization. The ambitious project of global food security is expected to generate a steady demand for the chemicals. The market is also expected to foresee innovations in improving the product performance and reducing production cost and also that of the final product. While the benefits of agrochemicals are commendable, and people are becoming aware of them, the toxicity of synthetic products acts as a major challenge for the industry.

Market Segmentation

The agrochemicals market analysis is segmented by product, crop type, and geography. In the product segment, nitrogenous fertilizers form the largest share of the fertilizers market. The increased awareness among the farming community, need for high global production combined with the economic growth in countries, are helping in more fertilizer applications in the field. The demand for pesticides is growing at a high rate, given the increased occurrence of various pests and diseases. Pesticides market is currently lead by herbicides products (covering 41.5%), followed by fungicides and insecticides. Further, the market is segmented by crop and non-crop; grains and cereals tend to consume most of the agrochemical products, followed by oilseed crops. Plant growth regulators provide a more natural way of managing and enhancing the growth process of agricultural plants. The increasing popularity of GM crops, harmful agrochemicals effects and the high regulatory constraints regarding the usage of agrochemicals act as major constraints for the industry.

China, France, Germany, India, Japan, and the US represent the largest agrochemicals markets. Markets in Western Europe and North America are the established consumption points for agrochemicals and are expected to show below average growth, due to market maturity and regulatory constraints. Currently, China is leading the market with its developing agricultural sector, along with the need for its ever-growing population. Globally, China is not only the largest producer but also the largest consumer of fertilizers. South America, particularly Brazil, is the world leader in pesticide consumption. Africa also registers a good potential in the agrochemicals market.

Major companies in the sector include:

Bayer Crop Science
BASF
Agrium
CF Industries Holdings
Potash Corporation of Saskatchewan
Yara International
Monsanto Company
E.I. Du Pont De Nemours & Company
Dow AgroSciences LLC
Syngenta AG.
Recent Industry Insights

“In September 2016, Bayer and Monsanto declared their agreement on merger to create global agrochemical leader.”

Key Deliverables in the Study

Market analysis for the global agrochemicals market with competition analysis.
Market overview and identification and analysis of the macro and micro factors that affect the global agrochemicals market.
Extensively researched competitive landscape section with profiles of major companies and their market share, along with an analysis of their current strategic interests and financial information and strategies adopted by them to sustain and grow in the studied market.
Market share of agrochemical companies and agrochemical industry attractiveness matrix.
The report holds importance for the following stakeholders-

Producers and manufacturers
Agricultural input companies
Enterprises operating in the industry
Traders and stakeholders operating in the sector
Investors/research institutions interested in the market
Customization Options:

Supply chain analysis
Regulatory framework
Trade analysis
Trend analysis


1. Introduction
1.1 Market Definition
1.2 Key Findings of the Study
2. Research Scope and Methodology
2.1 Study Deliverables
2.2 Market Segmentation
2.3 Study Assumptions
2.4 Research Methodology
2.5 Research Phases
3. Market Overview
4. Market Dynamics
4.1 Drivers
4.1.1 Growing Demand for Bio-based Agrochemicals
4.1.2 Growing Food Demand and Shrinking Land
4.1.3 Adoption of Genetically Modified (GM) Crops
4.2 Restraint
4.2.1 Stringent regulatory and environment constraint for agrochemicals
4.2.2 R&D Costs Burgeoning
4.2.3 Growing Concerns for Food Safety and Quality
4.3 Porter's Five Forces Analysis
4.3.1 Bargaining Power of Supplier
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Degree of Competition
5. Market Segmentation
5.1 By Type
5.1.1 Fertilizer Market
5.1.1.1 Nitrogenous
5.1.1.1.1 Urea
5.1.1.1.2 Calcium Ammonium Nitrate (CAN)
5.1.1.1.3 Ammonium Nitrate
5.1.1.1.4 Ammonium Sulfate
5.1.1.1.5 Ammonia
5.1.1.1.6 Other Nitrogenous Fertilizers
5.1.1.2 Phosphatic
5.1.1.2.1 Mono-Ammonium Phosphate (MAP)
5.1.1.2.2 Di-Ammonium Phosphate (DAP)
5.1.1.2.3 Triple Superphosphate (TSP)
5.1.1.2.4 Other Phosphatic Fertilizers
5.1.1.3 Potassic
5.1.1.4 Others
5.1.2 Pesticides Market
5.1.2.1 Herbicides
5.1.2.1.1 Synthetic Herbicides
5.1.2.1.2 Bio Herbicides
5.1.2.2 Insecticides
5.1.2.2.1 Synthetic Insecticides
5.1.2.2.2 Bio Insecticides
5.1.2.3 Fungicides
5.1.2.3.1 Synthetic Fungicides
5.1.2.3.2 Bio Fungicides
5.1.2.4 Others
5.1.2.4.1 Synthetic Other Crop Protection Chemicals
5.1.2.4.2 Bio-Based Other Crop Protection Chemicals
5.1.3 Adjuvants Market
5.1.3.1 Activator Adjuvants
5.1.3.1.1 Surfactants
5.1.3.1.2 Oil Adjuvants
5.1.3.2 Utility Adjuvants
5.1.4 Plant Growth Regulators Market
5.1.4.1 Cytokinins
5.1.4.2 Auxins
5.1.4.3 Others (Mepiquate chloride, gibberellins, etc.)
5.2 By Application
5.2.1 Crop-Based
5.2.1.1 Grains & Cereals
5.2.1.2 Oil Seeds
5.2.1.3 Fruits & Vegetables
5.2.2 Non-Crop-based
5.2.2.1 Turf & Ornamental Grass
5.2.2.2 Others
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Others
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Spain
5.3.2.5 Italy
5.3.2.6 Others
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Others
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Other
5.3.5 Africa
5.3.5.1 Egypt
5.3.5.2 South Africa
5.3.5.3 Others
6. Competetive Landscape
6.1 Most Adopted Strategies
6.2 Most Active Companies
6.3 Market Share Analysis
7. Company Profiles
7.1 Bayer Crop Science
7.2 BASF SE
7.3 Agrium Inc.
7.4 CF Industries Holdings, Inc.
7.5 Potash Corporation of Saskatchewan
7.6 The Mosaic Company
7.7 Yara International ASA
7.8 Bunge Limited
7.9 Monsanto Company
7.10 DowDupont Inc.
7.11 Syngenta AG.
7.12 Sumitomo Chemical
7.13 Adama Agricultural Solutions
7.14 Intrepid Potash, Inc.
7.15 Indian Farmers Fertilizer Cooperative
7.16 Nufarm Ltd.
7.17 Haifa Group
7.18 Sociedad Quimica Y Minera De Chile Sa
7.19 Israel Chemicals Ltd.
8. Appendix

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