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Press Release / Business / Recent Research Explores the Agrochemicals Market 2017-2025

Recent Research Explores the Agrochemicals Market 2017-2025

By surajmaurya93 on December 01 2017 | 47 Views

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 Pl

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 non-governmental 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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https://www.coherentmarketinsights.com/insight/request-sample/254

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

On the basis of application, the global market is classified into:

Agriculture

Horticulture

Floriculture

Others

On the basis of geography, the global market is classified into:

North America

U.S.

Canada

Europe

U.K.

Germany

Italy

France

Spain

Russia

Rest of Europe

Asia Pacific

China

India

Japan

ASEAN

Australia

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Argentina

Rest of Latin America

Middle East

GCC Countries

Israel

Rest of Middle East

Africa

North Africa

Central Africa

South Africa

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 and the Russian Federation, as well as for maize in Argentina, Canada, the EU, and the U.S. This creates a highly conducive environment for growth of the agrochemicals market.

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 nitrate-contaminated 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 non-toxic natural pesticides and herbicides. This trend is further supported with increasing consumer inclination towards organic food products, which necessitate use of organic pesticides and insecticides. This is a perceived threat to the market, as most natural pesticides are homemade.

Agrochemicals impact on soil:

Increases pH levels, thus increasing hydrolysis of pesticides

Kills helpful microorganisms

Decreases the fertility of the soil

Toxic to microbes

Agrochemicals impact on air:

Significantly hampers indoor air quality

Decomposes pesticides in presence of sunlight

Agrochemicals impact on water:

Pollutes ground water, lakes, and rivers

Disturbs aquatic life

Agrochemicals Market – Regulatory Scenario:

September 02, 1968, The Insecticides Act, 1968 and Insecticides Rules, 1971 in India is governed by The Central Insecticides Board and Registration Committee (CIBRC) and Food Safety and Standard Authority of India (FSSAI), the act is enforced to regulate the import, sale, transport, manufacture, distribution, and use of insecticides


To know the latest trends and insights prevalent in agrochemicals market market, click the link below:

https://www.coherentmarketinsights.com/ongoing-insight/agrochemicals-market-254

Key players in the market include Agrium, BASF SE, BAYER AG, Dow AgroSciences, DuPont, Monsanto Company, Sumitomo Chemical Co., Syngenta AG, The Mosaic Co., Yara International, Gharda Chemicals Ltd., Drexel Chemical Company, Qatar Fertilizer Company, Cf Industries, Israel Chemicals Ltd., American Vanguard Corporation, Rotam Corpsciences, FMC Corporation, and Zuari Agro Chemicals Ltd.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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