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GLOBAL INDUSTRY INSIGHT: Agrochemicals Market Size, Share, Development, Growth and Demand
Forecast to 2020
© P&S Market Research. All rights reserved 2
Global Agrochemicals Market Size, Share, Development, Growth
and Demand Forecast to 2020
Growth of horticulture & floriculture, increasing awareness towards the use of fertilizers and pesticides
coupled with the increasing literacy rate among farmers in major crop producing countries is boosting
the global agrochemicals market. One of the major drivers for the market is the growth of
agrochemicals in demand for food grains, due to to increasing global population along with decreasing
per capita farm land due to sudden rise in urbanization and industrialization. Agrochemical is a general term for the different kinds of chemical products used in agriculture. Agrochemicals
refer to the broad range of pesticides, including herbicides, fungicides, insecticides and nematicides.
Agrochemicals are specialty chemical products used, particularly in horticulture, agriculture and floriculture. It
includes broad range of pesticides, chemical growth agents, hormones and other synthetic fertilizers. It also
includes synthetic fertilizers, hormones and concentrated stores of raw animal manure.
For more information visit: https://www.psmarketresearch.com/market-analysis/agrochemicals-market
The global agrochemicals market can be categorised on the basis of product types into fertilizers and pesticides.
Based on different type of fertilizers, the global agrochemicals market can be divided into nitrogenous, potassic
and phosphatic fertilizers. On the basis of pesticides, the agrochemicals market can be classified into
neonicotinoides, bio-pesticides, organophosphates and pyrethroids pesticides. Organophosphate segment leads
the agrochemical pesticides market mainly due to presence of a wide spectrum of chemicals, including
glyphosate, diazinon, and chlorpyrifos.
The increasing research and development (R&D) in the field of bio-pesticides in order to compete with
organic farming and integrated pest management (IPM) is one of the most recent trends in the global
agrochemicals market. Increasing government programs to educate farmers and provide them with the
best possible methods to produce high quality crop yield, farms and livestock is another common trend
in the agrochemicals market. In various countries such as India, the government provides agricultural
subsidy in the form of financial aid to farmers to supplement their income and manage the supply of
agricultural commodities.
The huge export potential of agrochemicals is a major opportunity by which the agrochemical market is
expected to expand in the next few years. With approximately 40% of the total farmland under crop
production, there is a significant unserved market to tap into by various countries. By educating farmers
and conducting special training programmes regarding the need to use agrochemicals, Indian
companies can increase pesticide consumption. The excess production capacity is another opportunity
in the agrochemicals market to increase exports by making use of India’s low cost producer status.
© P&S Market Research. All rights reserved 3
Global Agrochemicals Market Size, Share, Development, Growth
and Demand Forecast to 2020
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Growing acceptance of genetically modified seeds by the farmers, along with government initiatives towards
organic farming and integrated pest management (IPM) are some of the key challenges that are obstructing the
growth of agrochemicals industry. Genetically modified seeds have self-immunity towards naturally adverse
conditions which pose a challenge to the agrochemicals market. In several countries of Asia-Pacific, registration
of new products takes 3-5 years which discourages domestic manufacturers. Post-harvest losses of crops are
estimated at 690.62 USD every year. Supply chain inefficiency and inadequate infrastructure are the major
causes for such losses. Hence, longer period for registration of innovative products and high post-harvest losses
are some other factors which act as restraints for the agrochemicals market.
Some of the top competitors in the global agrochemicals market are Monsanto Company, Bayer AG, Syngenta,
BASF SE, Sumitomo Chemical Co., Ltd., Agrium Inc., The Dow Chemical Company, Yara, and ICL among others
Browse more reports on Chemical Materials and Energy: https://www.psmarketresearch.com/industry-
report/chemicals-materials-and-energy
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