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Agrochemicals Market Anticipated to Grow at an Impressive Rate during the Period

LAMEA and Asia-Pacific are the most attractive market for the new entrants along with industry players, as the growth in number of industries and increased expenditure towards R&D is expected to provide significant opportunities to the entrants.t

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Agrochemicals Market Anticipated to Grow at an Impressive Rate during the Period

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  1. Agrochemicals Market Expected to Reach $276,374 Million, Globally by 2022 LAMEA and Asia-Pacific are the most attractive market for the new entrants along with industry players, as the growth in number of industries and increased expenditure towards R&D is expected to provide significant opportunities to the entrants. Eswara Prasad Team Lead at Allied Market Research,

  2. Agrochemicals Market Report, published by Allied Market Research, forecasts that the global 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. 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. Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-sample/532 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 Asia-Pacific dominated the global agrochemicals market in 2015, accounting for over half of the share, both in terms of revenue and volume. 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. 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. In 2015, the pesticides market accounted for one-fourth of the share in the North America agrochemicals market and is expected to occupy one-third share of the market at the end of forecast period. LAMEA is expected to grow at the fastest rate, registering a CAGR of 5.8%, throughout the forecast period. 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.      

  3. Make an Enquiry before Buy @ https://www.alliedmarketresearch.com/purchase-enquiry/532 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. Access Full Summery @ https://www.alliedmarketresearch.com/agrochemical-market About us: Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain. Allied Market Research provides a one-stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies the client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to aid the clients to turn into a prominent business firm. Contact:

  4. David Correa 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

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