Quick growth in greenhouse vegetable production, growth in arable crop and yield and ease in using agrochemicals are some of the factors leading the market growth. However, factors such as increase in ecological concerns and availability of eco-friendly alternatives are hindering the market growth. One of the major opportunities in the market is high growth potential in rising markets and untapped regions. —
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On the basis of Type, pesticides segment are used to control pests and other harmful insects. They can be grouped into chemical families which include organ chlorines, organophosphates and carbamates. Their usage can be seen in grocery stores and food storage to minimize rodents and insects that infest food such as grain. Apart from these, they help in killing invasive weeds that may cause damage to the environment. Overall, it decreases the associated risks to a level deemed acceptable by pesticide regulatory agencies.
By geography, Asia pacific region is more into agrochemicals industry and is expected to be bench topper in contrast to all the regions due to increasing food supply in these highly economic countries and also raising the demand for agrochemicals to increase the crop yield.
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Some of the key players in Agrochemicals market are BASF SE, Bayer Cropscience AG, The DOW Chemicals Company, Yara International ASA, Syngenta AG, Sociedad Química Y Minera S.A., Monsanto Company, Israel Chemicals Limited, Intrepid Potash, Inc., Haifa Group, E. I. Du Pont De Nemours and Company, Bunge Limited, The Mosaic Company, Agrium Inc., Valent Biosciences, Huntsman Corporation, Akzonobel, Nufarm, Potash Corporation of Saskatchewan, Inc. and Indian Farmers Fertilizer Cooperative Limited.
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• Animal husbandry
• Forestry operations
• Plant Growth Regulators
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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