Agrochemicals Market By Type [Fertilizers (Potassic, Nitrogenous, Phosphatic), Pesticides (Fungicides, Insecticides, Herbicides, Bio-Pesticides)], Crop Type (Food Grains, Cash Crops, Horticulture Crops) Region - Forecast Till 2023

Agrochemicals Industry Updates:
April 2018 Bayer AG’s request to sell its seed, pesticide and agricultural technology assets has been approved recently by the European Commission. The request to sell their technology assets to their competitor BASF SE to dispel antitrust concerns over its proposed $62 billion acquisition of agrochemical company Monsanto Co. Earlier, Bayer had received conditional approval of the deal in March after the company provided new commitments where it settled to divest its seed treatment products and assets to BASF, contrasting with Monsanto’s seed treatment assets, and its digital agriculture assets and products globally.

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Agrochemicals Market Key Players:
Agrochemicals Market are: The Mosaic Company (the U.S.), Bayer CropScience Limited (Germany), The Dow Chemical Company (the U.S.), BASF SE (Germany), Monsanto Company (the U.S.), Syngenta AG (Switzerland), Adama Agricultural Solutions Ltd (Israel), Nufarm Limited (Australia), Arysta LifeScience Corporation (Japan) and Crystal Crop Protection Pvt. Ltd. (India) among others.

Agrochemicals Market Regional Analysis:
The market has been covered across major regions of the world, including North America, Latin America, the Middle East & Africa (MEA), Europe, and Asia Pacific (APAC). Asia Pacific has emerged as a prominent market for agrochemicals in recent years. Increased focus on modernizing agricultural process coupled with the urgency to increase agricultural productivity has augured well for agrochemical suppliers in the region. India and China collectively represent more than one-third of the global population. This also indicates towards a noteworthy food demand in these countries.

The agricultural sector in India and china play a major role in driving their economy. APAC is expected to remain an attractive business destination for agrochemical suppliers during the forecast period. Meanwhile, the MEA agrochemical market is witnessing a healthy growth partly owing to the policies introduces by GCC countries to diversify the region’s economy. North America and Europe are the other two important market for agrochemicals. In near future, demand for bio-pesticides is expected to grow further in advanced countries such as the U.S., the U.K., Canada, France, Netherlands and Germany among others.

Agrochemicals Market Segmental Analysis
MRFR’s report include a detailed segmental analysis of the market based on product type, and crop type. On the basis product type, the market has been segmented into fertilizers and pesticides. The fertilizer segment has been further sub-segmented into phosphatic, nitrogenous and potassic. The pesticides segment is further sub-segmented into bio-pesticides, insecticides, fungicides and herbicides. On the basis of crop type, the market is segmented into horticulture crops, plantation crops, cash crops and food grains.

Agrochemicals Market Competitive Analysis:
Agrochemical Market is high fragmented market with tier 1 and tier 2 players. The market participants are acquiring small players in the market and collaborating with distributors to meet the global demand. Acquisition is the key strategies adopted by significant players to maintain their market share. Increasing R&D activities to develop efficient and easy cultivation of agriculture products is major focus by key players in market. For instance, BASF had invested USD 2 Bllion in R&D activities in 2017. Companies are relocating business owing to easy availability of resources, favourable climatic condition and balance import-export policies.

Agrochemicals Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Agrochemicals Market

Agrochemicals Market Table of Content to be Continue…….,

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