Agrochemicals Market worth $242.8 Billion by 2018
DALLAS, February 14, 2014 /PRNewswire/ –
The report “Agrochemicals Market by Type (Fertilizers, Pesticides), by Fertilizer Type
(Nitrogenous, Potassic, Phosphatic), by Pesticide Type (Organophosphates, Pyrethroids,
Neonicotinoides, Bio-Pesticides), & Sub-types – Global Market Trends & Forecast to 2018″,
defines and segments Agrochemicals Market with analysis and forecasting of market demand &
revenue. This market would grow from an estimated $203,567.6 million in 2013 to $242,757.8
million by 2018, with a CAGR of 3.6% from 2013 to 2018.
Browse more than 117 market data tables with 27 figures spread through 234 pages and
in-depth TOC on “Agrochemicals Market – Global Market Trends & Forecast to 2018″
Early buyers will receive 10% customization on reports.
The major function of Agrochemicals Market is to address the problem that hinders the
growth of crops. It is a widely used term that includes fertilizers and pesticides.
Agrochemicals help to increase the productivity of the crops by supplying needed nutrients
and providing protection from various diseases, without harming the environment. Thus, the
focus of industry players is not only to develop and launch agrochemicals, but also to
train its end-users about the proper use of these chemicals. The tightening environmental
regulations in developed regions such as North America and Europe are making it difficult
for the manufacturers to sell their conventional products in these regions. Hence, they
are bound to develop new products that fulfill environmental norms. It has, thus, become
important for them to find a right balance between the product performance and content of
According to the estimates, Asia-Pacific leads the market for Agrochemicals with 41.3%
share in demand at global level in 2012, followed by Latin America (17.0%), North America
(15.4%), Europe (7.8%), and Rest of the World (18.5%). Looking at fertilizers type,
Nitrogenous fertilizers occupied 68.4% and Organophosphates occupied 73.0% share in demand
in their respective agrochemicals type.
The growth of the Agrochemicals Market has been studied through in-depth analysis of
major factors that are driving the market such as growing population and increase in
demand for food with opportunities in the development of environment friendly and rising
consumer awareness for agrochemicals. However, the increasing environmental concerns and
availability of other environment friendly alternatives are proving to be the major
restraining factors for the market.
Browse related reports
Crop Protection Chemicals Market by Types (Herbicides, Fungicides, Insecticides,
Bio-pesticides and Adjuvants), by Crop Types, by Geography: Global Trends and Forecast to
Global Biopesticides Market – Trends & Forecasts (2012 – 2017)
MarketsandMarkets is a global market research and consulting company based in the U.S.
We publish strategically analyzed market research reports and serve as a business
intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and
custom research services. MarketsandMarkets covers thirteen industry verticals; including
advanced materials, automotives and transportation, banking and financial services,
biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power,
food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor
and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt
business insight with our huge market intelligence repository.
Contact: Mr. Rohan North - Dominion Plaza 17304 Preston Road Suite 800, Dallas, TX 75252 Tel: +1-888-600-6441 Email: email@example.com Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets