According to a recent analysis published, Analyzing the Global Agricultural Chemicals Industry, the global market for agricultural chemicals has grown steadily over the last few years. This is publication is the results of a complete analysis of the global agricultural industry from market statistics to market forecast till 2019.
When it comes to demand Asia Pacific has been the leader in the market. They are expected to exceed over 70% of the industry demand in the upcoming years.
BASF is the leader amongst all players when it comes to having the largest market share. Other prominent industry players include Dow Chemical, Monsanto Company, Cargill, Bayer, Syngenta AG, and others.
The market is divided into two major segments — the fertilizer nutrients market and the pesticide active ingredients market. The key markets for these products are the agricultural sector as well as households and assorted industrial and commercial users.
The most popular products include fertilizers, pesticides like herbicides, insecticides and fungicides, as well as agricultural chemical products such as insect repellants, sheep dip, fly sprays, flea powders, etc. At present, the global market for these agricultural chemicals accounts for almost $125 billion.
Nitrogenous fertilizers are the leading revenue source for the global fertilizers and chemicals market. The volume of consumption of fertilizers and other agricultural chemicals will steadily increase as global populations rise and the requirement for agricultural outputs increases.
Segments analyzed for the global fertilizer nutrients market include phosphate fertilizers, potash fertilizers, and nitrogen fertilizers. The segments analyzed for the global pesticide active ingredients market include fungicides, herbicides, and insecticides.
Present research presents an analysis of the global agricultural chemical industry in a report. The report is a complete analysis of the worldwide agricultural chemicals industry. It begins with an analysis of the industry through an industry definition. Following this, the global market is analyzed for agricultural chemicals through a market overview and the global demand for fertilizer nutrients and pesticide active ingredients. A regional demand for agricultural chemicals is also looked at and the global industry is analyzed regionally by the market for fertilizer nutrients and pesticide active ingredients.
An analysis of the industry segments is also carried out. Segments analyzed for the global fertilizer nutrients market include phosphate fertilizers, potash fertilizers, and nitrogen fertilizers. The segments analyzed for the global pesticide active ingredients market include fungicides, herbicides, and insecticides.
Factors driving the global agricultural chemicals market and the challenges facing the industry are analyzed in this report.