Spain Agrochemicals Market - By Type and Application - Market Shares, Forecasts and Trends (2017 - 2022)
The Spanish agrochemicals market is estimated to grow at a CAGR of 4.6% during 2015-2020.
Spain Agrochemicals Market Dynamics
Increasing need of food safety around the globe along with significant government support promotes the use of agrochemicals. While the benefit of agrochemicals is commendable and people are getting aware of it, the toxicity of synthetic products forms the major challenge for this industry. International trade restrictions also form drawbacks for the industry. An integrated approach in the agricultural field may provide scope for future growth opportunities.
Spain Agrochemicals Market Segmentation
In product segment, nitrogenous fertilizers form the largest share of the fertilizer market. Pesticides market is currently lead by herbicides products followed by fungicides and insecticides. The use of agrochemicals in the country is mainly used for food application. Crop-based applications corner the largest share of the Spanish consumption and demand for agrochemicals, in addition to being the faster growing end-use area. The Spanish market has been plagued with an influx of counterfeit and illegal products since imports account for a major share in the country.
Key Players in the Spanish Agrochemicals Market
Given the large operational area and never ending need of the agrochemical industry, many market players and companies have entered the industry. The key players profiled in the report include Certis UK, Syngenta, Bayer, Dow Agro, BASF and Headland agrochemicals among others. Some of the big names include Yara International ASA, BASF, Bayer Crop Science, Makhteshim Agan Industries Ltd, Dow Agro Sciences, Monsanto, Syngenta, Agrium, SociedadQuimica Y Minera De Chile SA etc.