Agrochemicals Market Scenario
Strong focus on research and development coupled with robust growth in emerging markets are some of the major factors propelling the agrochemicals market globally. Furthermore, growth of horticulture & floriculture is also one of the factor driving the agrochemicals market. However, infringement of intellectual property rights is one of the major restraint of the global agrochemicals market.
Agrochemicals Market Segmentation
The agrochemicals market is segmented by type, Mode of Application, Crop type and geography. Various Types of agrochemicals are Fertilizers, Pesticides, Herbicides, Insecticides, Fungicides and Others. Furthermore, the Mode of Application comprises of Foliar, Fertigation and Others. In addition, the crop type studied in the report are Cereals & Grains, Oilseed & Pulses, Fruits & Vegetables and Others. Geographically, the agrochemicals market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW
Agrochemicals Market by Geography
The agrochemicals market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and Rest of World. Among these, the Asia Pacific region is anticipated to account for the largest market share in 2019. Emission regulations accompanied with the need for clean indoor air facilities is one of the major factors that drives this market in the region. Moreover, the growth in manufacturing, power generation, oil & gas, and food & beverage industries has laid a great influence in the economic development of the countries in the region.
Agrochemicals Market Key Players
Some of the major players operating in the global Agrochemicals market includes Syngenta AG (Switzerland), Bayer CropScience (Germany), BASF SE (Germany), Corteva (US), Monsanto (US), United Phosphorus Limited (India), China National Chemical Corp (China), ADAMA Agricultural Solutions (Israel), Nufarm Limited (Australia), Sumitomo Chemical (Japan), The Mosaic Company (US), Arysta LifeScience Corporation (Japan), Crystal Crop Protection Pvt. Ltd. (India), Yara (Norway), and Murugappa Group (India). New product development is the most commonly adopted strategy by the top companies. This was followed by mergers & acquisitions, investments & expansions, joint ventures, and partnerships & collaborations.
Agrochemicals Market Report Key Benefits