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Agrochemicals Market Research Report- Forecast to 2023
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Regional Analysis:
The Global Agrochemcials Market consists of five regions: Asia Pacific, Europe, Latin America, North America, and
the Middle East & Africa. Among these, Asia Pacific holds the highest share in the Global Agrochemicals Market.
The economies of emerging nations in this area, including India and China, are mostly subjected to farming and
agro-based industries. Food grain market is the key segment for this region. Additionally, India & China are the
largest importers and exporters. A majority of the global population is in the Asia Pacific region and changing diet
are the key factors for this market growth rate. It is anticipated that the demand for food grains in this region is the
major driver for the agro based chemical industries market to grow in the forecast period.
The Middle East & Africa has emerged as the leading market region for Agrochemicals followed by North America
and Europe. North American Agrochemicals Market is predicted to witness a tremendous growth on account of high
consumption bio-pesticides, increasing food demand, and eco-friendly pesticides awareness. In North American
region, the U.S. is predicted to be the major contributor in the regional growth of Argochemicals Market and is
expected to see a significant demand for bio-pesticides during the forecast period, 2017 to 2023. As of 2016, the
U.S accounts for the largest market share and is followed by Mexico and Canada in terms of value & volume and is
estimated to grow with the moderate CAGR on account of growth.
Segments
The Global Agrochemicals Market is categorized on the basis of type, product type, and region. On the
basis of type, the market is bifurcated into fertilizers and pesticides. On the basis of fertilizers product type
the market is segmented into potassic, nitrogenous, phosphatic. On the basis of pesticides product type,
the market is segmented into fungicides, insecticides, herbicides, bio-pesticides. On the basis of crop type,
the market is segmented into food grains, cash crops, plantation crops, horticulture crops. On the basis of
region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle
East & Africa.
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