Increasing food demand on account of growing population is expected to a key driving factor for the global agrochemicals market growth. Agrochemicals are widely used to provide nutrients and protect plants from diseases.
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Agrochemicals Market Size, Segmentation To 2020: Grand View Research, Inc.
1. Grand View Research, Inc: Global Agrochemicals Market
Analysis, Market Size, Application Analysis, Regional
Outlook, Competitive Strategies And Forecasts, 2014 To
2020
Increasing food demand on account of growing population is expected to a key
driving factor for the global agrochemicals market growth. Agrochemicals are
widely used to provide nutrients and protect plants from diseases. Declining arable
area and growing food demand have raised the need for increased crop
productivity. Rising incidences of pests, fungi and bacteria affecting plant yield
have driven the demand for fertilizers. Fertilizers provide crops with essential
nutrients such as nitrogen, potassium and phosphorous.
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2. Growing fertilizer demand is expected to augment the global market growth over
the forecast period. Growing concerns regarding crop wastage are expected to
drive pesticide demand which in turn is expected to further drive the global
agrochemicals market. Increasing R&D by agriculturists to develop genetically
modified seeds in order to naturally improve immunity of crops is expected to pose
challenges to agrochemicals demand. Stringent environmental regulations by EPA
and European Commission regarding toxic substances present in agrochemicals are
expected to further challenge the market growth.
3. In order to counter such environmental hazards, market participants have been
actively involved in developing toxic free agrochemicals.Asia Pacific is a major
regional market is expected to register significant growth rates over the forecast
period on account of rising food demand and growing industrial agriculture sector.
Increasing population in Southeast Asian countries such as Malaysia and Indonesia
are expected to drive food demand which in turn is expected to drive Asia Pacific
agrochemicals market growth. Increasing food consumption in China and India on
account of improving life standards is expected to further complement the Asia
Pacific market growth. Some of the major companies operating in the global
agrochemicals market include BASF, Bayer AG, Syngenta, Sumitomo Chemicals,
ICL, Dow Agro Sciences and Agrium.
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market/request-toc
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports,
and consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals, materials,
healthcare and energy.
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