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Agrochemicals Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025

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Agrochemicals Market report categorizes global market by product type, application, and geography. The report is segmented by Industry Trends, Outlook, Regulatory Bodies & Regulations and Key Market Players
AGROCHEMICALS MARKET - GLOBAL
INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND
OPPORTUNITY ANALYSIS, 2017–2025
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REPORT DESCRIPTION
Agrochemicals Market Overview
Agrochemicals is the generic name of chemical products used in the agricultural field. These include pesticides,
insecticides, fungicides, herbicides, nematicides, synthetic fertilizers, bio fertilizer, and chemical growth agents,
among others. Increasing population and surging urbanization in turn puts additional pressure on the already
diminishing farmlands. Agrochemicals help to effectively cultivate and manage crops to increase production.
Thus, these factors greatly support growth of the global agrochemicals market. Various government and nongovernmental organizations are focusing on addressing this global concern by increasing funding for programs
related to the agricultural sector. The World Bank implemented 146 projects during 2014–2016, which provide
agricultural services and assets to 17 million farmers, in turn augmenting growth of the market. The U.S., China,
and Japan are the largest producers of agrochemicals, while North America, followed by Asia Pacific are the
largest consumers in the global agrochemicals market. Population explosion in countries such as India and China,
along with rapid economic growth in these countries is expected to position Asia Pacific as the fastest growing
market for agrochemicals in the foreseeable future.
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REPORT DESCRIPTION
Agrochemicals Market Taxonomy
On the basis of product type, the global market is classified into:
Fertilizer
•
Nitrogenous
•
Phosphatic
•
Potassic
•
Biofertilizers
Pesticides
•
Herbicides
•
Insecticides
•
Fungicides
•
Others
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REPORT DESCRIPTION
Agrochemicals Market Outlook – Surge in Food Grains Demand
Augmenting Market Growth
The global agrochemicals market is expected to be mainly fueled by increasing global population and the subsequent increasing demand for food grains. Moreover, rampant urbanization over the last couple of decades has led to a steep decline in farmlands. For instance, total farmland in the U.S. decreased from 1,151 million acres in 1949 to 921 million acres in 2002 (Pfeffer et al. 2006). This increases adoption of duel cultivation, wherein various fertilizers are used to maintain the fertility of the soil and pesticides help
improve crop yield. According to Food and Agriculture Organization (FAO) of the United Nations forecast
world cereal production in 2016 was pegged at around 2,543 million tonnes, 0.6 percent higher than in 2015 and only 0.7 percent below the 2014 record high. At that level, production was 17.3 million tonnes higher than that expected in May, reflecting upward revisions for wheat production in Argentina, the EU a
the Russian Federation, as well as for maize in Argentina, Canada, the EU, and the U.S. This creates a high
conducive environment for growth of the agrochemicals market.
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REPORT DESCRIPTION
Agrochemicals Market Challenges – Environmental and Health
Impact
Despite its numerous advantages, agrochemicals are also associated with certain environmental and health issues. Excessive use of fertilizers has led to ground water contamination with toxic chemicals such as nitrate. Drinking of nitrate­contaminated water causes certain diseases such as immobilization of hemoglobin in blood, reduced oxygen supply, among others. Moreover, the pesticides used for pest control such as DDT, dieldrin, aldrin, among others, also have significant impact on environment and living beings. In the U.S., numerous wild birds die every year due to the use of an agricultural pesticides carbofuran. Carbofuran granules resemble the size and shape of grain seeds, which are the staple diet of most birds. The detrimental impact of insecticides and pesticides on the environment is expected to be the key challenge in the global agrochemicals industry. This has in turn led to increasing efforts by manufacturers and regulatory bodies alike to develop non­toxic natural pesticides and herbicides.
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Author
suraj
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Agrochemicals, Agrochemicals market
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