The global agrochemicals industry is witnessing new opportunities in terms of development and technological innovations combined with modern agricultural practices. Agrochemicals are useful to control the amount of nutrients that should be made available to the plants according to their needs. The ease in application mode and reduced labor cost has made these agrochemicals more convenient for the farmers to use.
The global agrochemicals industry has transformed dramatically over the past century as farmers across the world started purchasing agrochemicals to grow crops for gaining more agricultural output and the change is also attributable to the entry of large enterprises into the business of commercial agrochemicals production and marketing. The market of agrochemicals is projected to grow significantly from 2015 to 2020 in almost all parts of the world, especially in Asia-Pacific and North American countries. Significant increase in demand for quality food, adoption of technology driven farming practices and shrinking availability of arable land are the major driving factors for agrochemicals market, globally. On the other hand, the growth in micro-irrigation and mechanized irrigation system market are also contributing to the market growth.
Agrochemicals is the most predominantly consumed nutrient among all the macro and micro elements required for plant growth. Fertilizers and pesticides are widely available agrochemicals sources. Various combinations of nutrients are made and used to provide nutrition to plants.
This report estimates the market size of the global agrochemicals market in terms of value (USD Million) and volume (KT). In this report, the market is broadly segmented based on type, sub type, crop type, and region. Market drivers, restraints & challenges, and product price trends are discussed in detail. Market share, by participant, for the overall market is also discussed in detail. The global agrochemicals market has grown exponentially in the last few years and this growth is expected to continue. Factors such as pressure to achieve food security by increased productivity, adoption of technology driven farming practices, and changing weather patterns is driving the market, globally.
Scope of the Report
This research categorizes the global water-soluble fertilizers market based on type, sub type, crop type, and region:
Based on type, the market has been segmented as follows:
Based on crop type, the market has been segmented as follows:
- Cereals & grains
- Oilseeds & pulses
- Fruits & vegetables
- Others (includes plantation crops and hydroponics)
Based on region, the market has been segmented as follows:
- North America
- Latin America
- RoW (includes the Middle East and Africa)