Infinium Global Research Agrochemicals Market | Page 2

Global Agrochemicals Market: Trends and Forecast -2023
INTRODUCTION
REPORT DESCRIPTION
Agrochemicals are specialty chemical products used particularly in agriculture,
horticulture and floriculture. It includes broad range of pesticides, synthetic
fertilizers, hormones and other chemical growth agents. Growth in demand for
food grains owing to increasing global population coupled with reducing per capita
farm land due to surging urbanization and industrialization is one of most dominant
driver of global agrochemicals market. The increasing research and development
(R&D) in the fields of bio-pesticides in order to compete with organic farming and
integrated pest management (IPM) is one of the most recent trends in global
agrochemicals market.
As per the report the global Agrochemicals market was worth USD 208.13billion in
2014 and it reached USD 215.68billion in 2015. The global market is expected to
grow at a CAGR of 2.5% over the forecast period of 2017 – 2023.
This report estimates the market size of Agrochemicals in terms of value (USD
Billion) and volume (MMT) over the period of 2015 to 2023. The year 2015 and
2016are considered to be base years, and 2017 to 2023 is considered to be a
forecast period. The market sizes for Agrochemicals by type, By Crop type and by
regions are estimated in terms of value and volume. This market research study
provides detailed qualitative and quantitative analyses of the global Agrochemicals
market. Additionally, the report provides a comprehensive review of the major
market drivers, restraints, opportunities in the global as well as regional markets of
Agrochemicals. The market analysis covers major geographic regions, such as North
America, Europe, Asia-Pacific, and, Rest of the World (RoW). The market size and
forecasts are also given for these regions.
Furthermore, this report provides insights into the market using analytical tools
such as Porter’s five forces analysis and DRO analysis of Agrochemicals market.
Moreover, the study highlights current market trends and provides forecast from
2017 to 2023. We also have highlighted future trends in the global Agrochemicals
market that will impact the demand during the forecast period. The IGR- Growth
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