Agrochemicals Market Expected to Reach $276,374 Million, Globally by 2022

Agrochemicals Market is expected to reach $276,374 million by 2022, registering a CAGR of 4.6%. Asia-Pacific held more than half of the share in the global agrochemicals market in 2015, and is expected to continue its dominance during the forecast period.

Access full summary at: https://www.alliedmarketresearch.com/agrochemical-market

The major factors driving the global agrochemicals market include high population and subsequent increase in the demand for food, soil degradation, limited agricultural land, and increase in awareness in the consumers regarding the benefits of agrochemicals. However, the market growth may be hampered by the potential harms of using synthetic pesticides such as 2, 4-D and atrazine herbicide. Agrochemicals when used in higher concentration result in surface water pollution and adversely affect the environment. Thus, the production of bio-based fertilizers and pesticides have created numerous opportunities for the key market players.

The fertilizers segment generated the maximum revenue and accounted for the highest volume share of the global agrochemicals market. This is attributed to the problems arising from high population and soil degradation. The major type of fertilizer used to enhance the crop productivity is nitrogenous fertilizers, accounting for around two-thirds of the total synthetic fertilizers market. Moreover, herbicides occupied over half of the synthetic pesticides market in 2015, and are expected to retain the share at the end of forecast period, growing at a CAGR of 4.6%.

Key Findings of the Agrochemicals Market Study
1. Asia-Pacific dominated the global agrochemicals market in 2015, accounting for over half of the share, both in terms of revenue and volume.
2. In 2015, fertilizers accounted for majority of the share of the global agrochemical market, and is expected to maintain its lead throughout the forecast period.
3. India is the fastest growing segment in the Asia-Pacific market, expected to grow at a CAGR of 9.1% in terms of revenue, during 2016-2022.
4. In 2015, the pesticides market accounted for one-fourth of the share in the 5. North America agrochemicals market and is expected to occupy one-third share of the market at the end of forecast period.
6. LAMEA is expected to grow at the fastest rate, registering a CAGR of 5.8%, throughout the forecast period.
7. The bio-pesticides segment is anticipated to grow at a rate of 16.9% in terms of revenue, increasing its share in the global pesticides market.

In 2015, Asia-Pacific dominated the global agrochemical market with more than half of the share, both in terms of revenue and volume. This was attributed to the high percentage of land available for agricultural activities and the high extent of agricultural activities in highly populated countries such as India, China, and others. The high population of these areas increase the demand for food crops, which in turn contributes to the growth of agrochemicals market.

The key players of agrochemicals market profiled in this report are Agrium Inc., Bayer AG, BASF SE, Dow AgroSciences LLC, E. I. du Pont Nemours and Company, Monsanto Company, Sumitomo Chemical Co., Syngenta AG, The Mosaic Co., and Yara International ASA.

Request sample copy of this report at:
https://www.alliedmarketresearch.com/request-sample/532

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
Shriram Dighe
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com

This release was published on openPR.