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(IT-NEWSWIRE.COM, March 07, 2017 ) The agrochemicals market is estimated to be one of the most crucial segments of agro-inputs, owing to the intensifying commercial farming of high value crops to meet the growing diversified food demand.
Agrochemicals’ job is to defend crops, boost crop yields, and sustain the food and soil quality. Another vital role of agrochemicals is to alter the growth progression of the plants. Agrochemicals are therefore seen as those products, which boost the return on investment and also help in meeting farmer’s as well as customer demands, from the economical and health standpoint with growing per hectare production of quality agricultural crops.
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The growth of the Agrochemicals market is majorly driven by factors such as wide range of pest control applications of Agrochemicals and decreasing arable land. This market is also propelled by factors such as meticulous research & partaking of intellectual property rights and increasing R&D investments. However, it has been discovered that the continued use of agrochemicals has harmfully affected the health of users and also the environment. Furthermore, agrochemicals get amassed on the land surface and may even pollute ground water.
The global agrochemicals market is segmented as follows:
1) Based onType:
• Fertilizers Nitrogenous Phosphate Potassic Based Fertilizers • Pesticides Organophosphates Pyrethroids Biopesticides Other Pesticides • Plant Growth Regulators Auxins Cytokinins Others • Adjuvants Activator Adjuvants Utility Adjuvants
2) Based on Application:
• Crop Based Oil seeds Fruits & Vegetables Grains & Cereals • Non Crop Based Turf & Ornamental Grass Others
3) Geographical Segmentation: • North America • Europe • Asia-Pacific • Latin America • Middle East and Africa
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The market for agrochemicals is extremely consolidated and streamlined owing to the domination of the market by a handful of companies. Some of the major companies dominating this market are Bayer A.G., E.I. Du Pont De Nemours & Company, Agrium Inc., Dow Agrosciences LLC., Monsanto Company, and Mosaic Company.
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Source: EmailWire.Com
Source: EmailWire.com
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