Research and Markets: Global Agrochemicals Market Estimated to Reach USD 265.04 Billion by 2020
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/6l4djk/global) has announced the addition of the “Global Agrochemicals Market – By Type, Application and Regions – Market Size, Demand Forecasts, Industry Trends and Updates (2014-2020)” report to their offering.
The global agrochemicals market was USD 204.39 Billion in 2014 and is estimated to reach USD 265.04 Billion by 2020 at a CAGR of 4.43%.
North America is expected to witness growth prospects due to increased use of biobased agrochemicals over other substitute products like chemical pesticides and fertilizers. On the other hand, Europe is likely to have declining growth for the forecasted period, due to government regulations and bans on certain chemical pesticide products.
APAC leads agrochemicals market with a market share of 40.3% in 2014, followed by Latin America, North America, Europe, and MEA. APAC is also expected to be the largest market for the forecasted period due to increasing demand from China and India. Increasing demand of agrochemicals from emerging countries of APAC, along with rapidly expanding population drive the demand for the market.
Factors like growing demand for food and consumer awareness, changing agrochemicals usage patterns, advantages of fertilizers and pesticides in crop production, increasing horticulture industries are the drivers for the market. On the other hand, the increasing environmental concerns and availability of substitutes that are environment friendly are the factors that are limiting the market growth.
Technological developments boost the farm production along with increasing government investments to increase the yield provides huge opportunities.
1. Research Methodology
2. Executive Summary
3. Market Overview
4. Market Dynamics
5. Agro Chemicals Market Segmentation, Forecasts and Trends – by Revenue
6. Company Profiles
7. Industry Structure
8. Agro Chemicals market – Road Ahead
- Bayer Crop Science
- Haifa group
- Israel Chemicals
- Mosaic Co.
- Nufarl Ltd.
- Terra Nitrogen Co.
For more information visit http://www.researchandmarkets.com/research/6l4djk/global
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Sector: Agrochemicals and Fertilisers