Agrochemicals Market Sustainable Growth over 2026 With Top Vendors 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 Compan

Agrochemicals Market Latest Research Report 2018- 2026 covers a complete market structure across the world with the detailed industry analysis of major key factors. This report provides strategic recommendations consulted by the industrial experts including market forecasts, profit, supply, raw materials, labour cost, manufacturing expenses, proportion of manufacturing cost structure, latest market trends, demands and much more.
The progress in different sectors of the market that are highly dependent on market characteristics, industry chain, and market dynamics are also appearing in higher demand for the Agrochemicals market. Due to the increase of new technologies, the Agrochemicals market has been assisted in the development of the industry.

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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.

The competition section of the Agrochemicals report supplies exhaustive analysis of the competitive landscape in the business along with a product portfolio matrix. The section involves information on leading manufacturers which provide an insight into their financial performance, business highlights, and future plans. Furthermore, the Agrochemicals market report is classified according to their type, application, and regions by geography.

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 provided agricultural services and assets to 17 million farmers globally, 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.

Global Agrochemicals Market Taxonomy

On the basis of product type, the global agrochemicals market is classified into:

Fertilizer
Nitrogenous
Phosphatic
Potassic
Biofertilizers
Pesticides
Herbicides
Insecticides
Fungicides
Others

Global Agrochemicals Market Outlook – Surge in Food Grains Demand Augmenting the Market Growth

The global agrochemicals market is expected to be fueled by increasing global population and subsequent increasing demand for food grains. Moreover, rampant urbanization over the recent past has led to a steep decline in farmlands. According to 2017 Census of Agriculture, farm lands in the U.S. declined to 900,217,576 acres in 2017 from 914,527,657 acres in 2012. 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 2019, was pegged at around 2,708 million tons, higher from 55.4 million tons (2.1%) in 2018. This scenario is projected to generate higher demand for agrochemicals over the forthcoming years.

Global 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 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.

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