Allied
Market Research published a report, titled, "Agrochemicals
Market by Type (Fertilizers and
Pesticides): Global Opportunity Analysis and Industry Forecast, 2019–2026." According
to the report, the global agrochemicals industry garnered $241.6
million in 2018, and is estimated to reach $336.4 million by
2026, growing at a CAGR of 4.2% from 2019 to 2026.
Prime determinants of market
Increase
in population and subsequent surge in demand for food, limited agricultural
land, soil degradation, and rise in awareness drive the growth of the global
agrochemicals market. However, potential harms related to usage of synthetic
pesticides including 2, 4-D, and atrazine herbicide restrain the market growth.
Usage of agrochemicals in higher concentration results in surface water
pollution and adversely affects the environment. Thus, manufacturing of
bio-based fertilizers and pesticides offer numerous opportunities in coming years.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/532
Detailed segmentation
The
report segments the global agrochemicals market into type and geography. Based
on type, the fertilizers segment garnered the highest revenue and contributed
to the largest share in terms of volume of the market in 2018. This is due to
the issues raised from soil degradation and high population. The research also analyzes
the pesticides segment.
Based
on region, Asia-Pacific held the highest market share in 2018,
accounting for more than half of the global agrochemicals market, and is
estimated to maintain its lead status during the forecast period. This is due
to huge percentage of land available to carry out agricultural activities and a
large number of ongoing agricultural activities in highly populated regions
including India and China. Moreover, LAMEA is expected to grow
at the fastest rate, portraying a CAGR of 5.4% from 2019 to 2026. North
America would register the highest growth rate with a CAGR of 3.5% during
the forecast period. The research also analyzes the European region.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/532
Leading
market players
- 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.
- Yara
International ASA
About Us
Allied
Market Research (AMR) is a full-service market research and business-consulting
wing of Allied Analytics LLP based in Portland, Oregon. Allied Market
Research provides global enterprises as well as medium and small businesses
with unmatched quality of "Market Research Reports" and
"Business Intelligence Solutions." AMR has a targeted view to provide
business insights and consulting to assist its clients to make strategic
business decisions and achieve sustainable growth in their respective market
domain.
We
are in professional corporate relations with various companies and this helps
us in digging out market data that helps us generate accurate research data
tables and confirms utmost accuracy in our market forecasting. Each and every
data presented in the reports published by us is extracted through primary
interviews with top officials from leading companies of domain concerned. Our
secondary data procurement methodology includes deep online and offline research
and discussion with knowledgeable professionals and analysts in the industry.
Contact:
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
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
Follow Us on Twitter: https://twitter.com/marketresearcht
No comments:
Post a Comment